Pneumatic Tire Market Growth Report 2021 to 2031
The Pneumatic Tire Market is expected to register a CAGR of 4.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The market is segmented into by Type of sales, Application, and Product. The Type of sales segment is divided into Replacement, OEM(Original Equipment Manufacturer). Based on Application, the market is segmented into Two wheeler, Four wheeler, Aircraft, Others. Based on Product , the market is segmented into Radical tires, Cross-ply tires.
Purpose of the ReportThe report Pneumatic Tire Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Pneumatic Tire Market Segmentation
Type of sales- Replacement
- OEM
- Two wheeler
- Four wheeler
- Aircraft
- Others
- Radical tires
- Cross-ply tires
Strategic Insights
Pneumatic Tire Market Growth Drivers- Growing Automotive Industry: The pneumatic tire market is significantly driven by the expanding automotive industry. As vehicle production increases globally, the demand for high-performance tires that enhance safety, fuel efficiency, and driving comfort is also rising. This growth is particularly evident in emerging markets where vehicle ownership is on the rise.
- Technological Advancements: Continuous innovations in tire technology, such as the development of advanced materials and manufacturing processes, are driving the market. These advancements lead to improved tire performance, durability, and safety features, making pneumatic tires more appealing to consumers and manufacturers alike.
- Shift Towards Smart Tires: The integration of smart technology into pneumatic tires is a notable trend. Smart tires equipped with sensors can monitor tire pressure, temperature, and tread wear in real-time, providing valuable data to drivers and fleet managers. This trend enhances safety and maintenance, making smart tires increasingly popular.
- Increased Focus on Performance Tires: There is a growing trend towards performance-oriented pneumatic tires, particularly among enthusiasts and in motorsports. These tires are designed to provide superior handling, grip, and responsiveness, catering to consumers who prioritize performance in their driving experience
- Sustainability Initiatives: There is a growing opportunity for manufacturers to develop eco-friendly pneumatic tires. As consumers become more environmentally conscious, the demand for tires made from sustainable materials and those that contribute to lower emissions is increasing. This trend encourages innovation in tire design and production processes.
- Expansion of E-commerce and Online Sales: The rise of e-commerce presents a significant opportunity for the pneumatic tire market. Online platforms allow consumers to easily compare products, read reviews, and purchase tires directly, which can lead to increased sales and market penetration for tire manufacturers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Pneumatic Tire Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Pneumatic Tire Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Bridgestone Corporation, Continental AG, Cooper Tire & Rubber Company, Hankook Tire Co. Ltd., Kumho Tire Co., Inc., Michelin, Pirelli & C.S.p.A, Sumitomo Rubber Industries Ltd., The Goodyear Tire and Rubber Company, The Yokohama Rubber Co. Ltd.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
High maintainance cost
The major factors driving the pneumatic tiremarket are: Growing Automotive Industry
The Pneumatic Tire Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:by Type of sales (Replacement, OEM(Original Equipment Manufacturer)); Application (Two wheeler, Four wheeler, Aircraft, Others); Product (Radical tires, Cross-ply tires) , and Geography (North America, Europe, Asia Pacific, and South and Central America) is estimated to witness a CAGR of 4.5% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Pneumatic Tire Market - By Type of sales
1.3.2 Pneumatic Tire Market - By Application
1.3.3 Pneumatic Tire Market - By Product
1.3.4 Pneumatic Tire Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PNEUMATIC TIRE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. PNEUMATIC TIRE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PNEUMATIC TIRE MARKET - GLOBAL MARKET ANALYSIS
6.1. PNEUMATIC TIRE - GLOBAL MARKET OVERVIEW
6.2. PNEUMATIC TIRE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PNEUMATIC TIRE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE OF SALES
7.1. OVERVIEW
7.2. TYPE OF SALES MARKET FORECASTS AND ANALYSIS
7.3. REPLACEMENT
7.3.1. Overview
7.3.2. Replacement Market Forecast and Analysis
7.4. OEM(ORIGINAL EQUIPMENT MANUFACTURER)
7.4.1. Overview
7.4.2. OEM(Original Equipment Manufacturer) Market Forecast and Analysis
8. PNEUMATIC TIRE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. TWO WHEELER
8.3.1. Overview
8.3.2. Two wheeler Market Forecast and Analysis
8.3.3. Bicycle Market
8.3.3.1. Overview
8.3.3.2. Bicycle Market Forecast and Analysis
8.3.4. Motorcycle Market
8.3.4.1. Overview
8.3.4.2. Motorcycle Market Forecast and Analysis
8.4. FOUR WHEELER
8.4.1. Overview
8.4.2. Four wheeler Market Forecast and Analysis
8.4.3. Passenger cars Market
8.4.3.1. Overview
8.4.3.2. Passenger cars Market Forecast and Analysis
8.4.4. Commercial vehicles Market
8.4.4.1. Overview
8.4.4.2. Commercial vehicles Market Forecast and Analysis
8.5. AIRCRAFT
8.5.1. Overview
8.5.2. Aircraft Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. PNEUMATIC TIRE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
9.1. OVERVIEW
9.2. PRODUCT MARKET FORECASTS AND ANALYSIS
9.3. RADICAL TIRES
9.3.1. Overview
9.3.2. Radical tires Market Forecast and Analysis
9.4. CROSS-PLY TIRES
9.4.1. Overview
9.4.2. Cross-ply tires Market Forecast and Analysis
10. PNEUMATIC TIRE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Pneumatic Tire Market Overview
10.1.2 North America Pneumatic Tire Market Forecasts and Analysis
10.1.3 North America Pneumatic Tire Market Forecasts and Analysis - By Type of sales
10.1.4 North America Pneumatic Tire Market Forecasts and Analysis - By Application
10.1.5 North America Pneumatic Tire Market Forecasts and Analysis - By Product
10.1.6 North America Pneumatic Tire Market Forecasts and Analysis - By Countries
10.1.6.1 United States Pneumatic Tire Market
10.1.6.1.1 United States Pneumatic Tire Market by Type of sales
10.1.6.1.2 United States Pneumatic Tire Market by Application
10.1.6.1.3 United States Pneumatic Tire Market by Product
10.1.6.2 Canada Pneumatic Tire Market
10.1.6.2.1 Canada Pneumatic Tire Market by Type of sales
10.1.6.2.2 Canada Pneumatic Tire Market by Application
10.1.6.2.3 Canada Pneumatic Tire Market by Product
10.1.6.3 Mexico Pneumatic Tire Market
10.1.6.3.1 Mexico Pneumatic Tire Market by Type of sales
10.1.6.3.2 Mexico Pneumatic Tire Market by Application
10.1.6.3.3 Mexico Pneumatic Tire Market by Product
10.2. EUROPE
10.2.1 Europe Pneumatic Tire Market Overview
10.2.2 Europe Pneumatic Tire Market Forecasts and Analysis
10.2.3 Europe Pneumatic Tire Market Forecasts and Analysis - By Type of sales
10.2.4 Europe Pneumatic Tire Market Forecasts and Analysis - By Application
10.2.5 Europe Pneumatic Tire Market Forecasts and Analysis - By Product
10.2.6 Europe Pneumatic Tire Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Pneumatic Tire Market
10.2.6.1.1 Germany Pneumatic Tire Market by Type of sales
10.2.6.1.2 Germany Pneumatic Tire Market by Application
10.2.6.1.3 Germany Pneumatic Tire Market by Product
10.2.6.2 France Pneumatic Tire Market
10.2.6.2.1 France Pneumatic Tire Market by Type of sales
10.2.6.2.2 France Pneumatic Tire Market by Application
10.2.6.2.3 France Pneumatic Tire Market by Product
10.2.6.3 Italy Pneumatic Tire Market
10.2.6.3.1 Italy Pneumatic Tire Market by Type of sales
10.2.6.3.2 Italy Pneumatic Tire Market by Application
10.2.6.3.3 Italy Pneumatic Tire Market by Product
10.2.6.4 United Kingdom Pneumatic Tire Market
10.2.6.4.1 United Kingdom Pneumatic Tire Market by Type of sales
10.2.6.4.2 United Kingdom Pneumatic Tire Market by Application
10.2.6.4.3 United Kingdom Pneumatic Tire Market by Product
10.2.6.5 Russia Pneumatic Tire Market
10.2.6.5.1 Russia Pneumatic Tire Market by Type of sales
10.2.6.5.2 Russia Pneumatic Tire Market by Application
10.2.6.5.3 Russia Pneumatic Tire Market by Product
10.2.6.6 Rest of Europe Pneumatic Tire Market
10.2.6.6.1 Rest of Europe Pneumatic Tire Market by Type of sales
10.2.6.6.2 Rest of Europe Pneumatic Tire Market by Application
10.2.6.6.3 Rest of Europe Pneumatic Tire Market by Product
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Pneumatic Tire Market Overview
10.3.2 Asia-Pacific Pneumatic Tire Market Forecasts and Analysis
10.3.3 Asia-Pacific Pneumatic Tire Market Forecasts and Analysis - By Type of sales
10.3.4 Asia-Pacific Pneumatic Tire Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Pneumatic Tire Market Forecasts and Analysis - By Product
10.3.6 Asia-Pacific Pneumatic Tire Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Pneumatic Tire Market
10.3.6.1.1 Australia Pneumatic Tire Market by Type of sales
10.3.6.1.2 Australia Pneumatic Tire Market by Application
10.3.6.1.3 Australia Pneumatic Tire Market by Product
10.3.6.2 China Pneumatic Tire Market
10.3.6.2.1 China Pneumatic Tire Market by Type of sales
10.3.6.2.2 China Pneumatic Tire Market by Application
10.3.6.2.3 China Pneumatic Tire Market by Product
10.3.6.3 India Pneumatic Tire Market
10.3.6.3.1 India Pneumatic Tire Market by Type of sales
10.3.6.3.2 India Pneumatic Tire Market by Application
10.3.6.3.3 India Pneumatic Tire Market by Product
10.3.6.4 Japan Pneumatic Tire Market
10.3.6.4.1 Japan Pneumatic Tire Market by Type of sales
10.3.6.4.2 Japan Pneumatic Tire Market by Application
10.3.6.4.3 Japan Pneumatic Tire Market by Product
10.3.6.5 South Korea Pneumatic Tire Market
10.3.6.5.1 South Korea Pneumatic Tire Market by Type of sales
10.3.6.5.2 South Korea Pneumatic Tire Market by Application
10.3.6.5.3 South Korea Pneumatic Tire Market by Product
10.3.6.6 Rest of Asia-Pacific Pneumatic Tire Market
10.3.6.6.1 Rest of Asia-Pacific Pneumatic Tire Market by Type of sales
10.3.6.6.2 Rest of Asia-Pacific Pneumatic Tire Market by Application
10.3.6.6.3 Rest of Asia-Pacific Pneumatic Tire Market by Product
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Pneumatic Tire Market Overview
10.4.2 Middle East and Africa Pneumatic Tire Market Forecasts and Analysis
10.4.3 Middle East and Africa Pneumatic Tire Market Forecasts and Analysis - By Type of sales
10.4.4 Middle East and Africa Pneumatic Tire Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Pneumatic Tire Market Forecasts and Analysis - By Product
10.4.6 Middle East and Africa Pneumatic Tire Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Pneumatic Tire Market
10.4.6.1.1 South Africa Pneumatic Tire Market by Type of sales
10.4.6.1.2 South Africa Pneumatic Tire Market by Application
10.4.6.1.3 South Africa Pneumatic Tire Market by Product
10.4.6.2 Saudi Arabia Pneumatic Tire Market
10.4.6.2.1 Saudi Arabia Pneumatic Tire Market by Type of sales
10.4.6.2.2 Saudi Arabia Pneumatic Tire Market by Application
10.4.6.2.3 Saudi Arabia Pneumatic Tire Market by Product
10.4.6.3 U.A.E Pneumatic Tire Market
10.4.6.3.1 U.A.E Pneumatic Tire Market by Type of sales
10.4.6.3.2 U.A.E Pneumatic Tire Market by Application
10.4.6.3.3 U.A.E Pneumatic Tire Market by Product
10.4.6.4 Rest of Middle East and Africa Pneumatic Tire Market
10.4.6.4.1 Rest of Middle East and Africa Pneumatic Tire Market by Type of sales
10.4.6.4.2 Rest of Middle East and Africa Pneumatic Tire Market by Application
10.4.6.4.3 Rest of Middle East and Africa Pneumatic Tire Market by Product
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Pneumatic Tire Market Overview
10.5.2 South and Central America Pneumatic Tire Market Forecasts and Analysis
10.5.3 South and Central America Pneumatic Tire Market Forecasts and Analysis - By Type of sales
10.5.4 South and Central America Pneumatic Tire Market Forecasts and Analysis - By Application
10.5.5 South and Central America Pneumatic Tire Market Forecasts and Analysis - By Product
10.5.6 South and Central America Pneumatic Tire Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Pneumatic Tire Market
10.5.6.1.1 Brazil Pneumatic Tire Market by Type of sales
10.5.6.1.2 Brazil Pneumatic Tire Market by Application
10.5.6.1.3 Brazil Pneumatic Tire Market by Product
10.5.6.2 Argentina Pneumatic Tire Market
10.5.6.2.1 Argentina Pneumatic Tire Market by Type of sales
10.5.6.2.2 Argentina Pneumatic Tire Market by Application
10.5.6.2.3 Argentina Pneumatic Tire Market by Product
10.5.6.3 Rest of South and Central America Pneumatic Tire Market
10.5.6.3.1 Rest of South and Central America Pneumatic Tire Market by Type of sales
10.5.6.3.2 Rest of South and Central America Pneumatic Tire Market by Application
10.5.6.3.3 Rest of South and Central America Pneumatic Tire Market by Product
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. PNEUMATIC TIRE MARKET, KEY COMPANY PROFILES
12.1. BRIDGESTONE CORPORATION
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. CONTINENTAL AG
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. COOPER TIRE AND RUBBER COMPANY
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. HANKOOK TIRE CO. LTD.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. KUMHO TIRE CO., INC.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MICHELIN COMPANY
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. PIRELLI AND C.S.P.A
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SUMITOMO RUBBER INDUSTRIES LTD.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. THE GOODYEAR TIRE AND RUBBER COMPANY
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. THE YOKOHAMA RUBBER CO. LTD.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Bridgestone Corporation
2. Continental AG
3. Cooper Tire and Rubber Company
4. Hankook Tire Co. Ltd.
5. Kumho Tire Co., Inc.
6. Michelin Company
7. Pirelli and C. S. p. A
8. Sumitomo Rubber Industries Ltd.
9. The Goodyear Tire and Rubber Company
10. The Yokohama Rubber Co. Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For