Port Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
The fast and effective transfer of cargo between ships and land-based modes of transport is the objective of ports throughout the world. Port equipment includes yard container cranes, ship-to-shore container cranes, and mobile port handling equipment. Global seaborne transport of materials contributing in the growth of world trade. The port equipment market has experienced moderate growth as there is an increase in the adoption of automation and electrical equipment in the port industry to function efficiently.
MARKET DYNAMICS
The upsurge in cargo transportation and the requirement for automation to handle increased cargo volumes is likely to drive the market. Growing importance on port automation, are the key drivers for Port Equipment Market. Alternatively, the high investment costs of container handling equipment and lack of harmonization among different equipment are some of the factors hindering the market growth. However, growing seaborne trade globally and rising number of container shipments are creating opportunities for the Port Equipment Market.
MARKET SCOPE
The "Global Port Equipment Market Analysis to 2028" is a specialized and in-depth study of the Port Equipment industry with a special focus on the global market trend analysis. The report aims to provide an overview of Port Equipment market with detailed market segmentation by equipment type, application, type and geography. The global Port Equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Port Equipment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Port Equipment market is segmented on the basis of equipment type, application, and type. Based on equipment type, the market is segmented as tug boats, cranes, shiploaders, reach stackers, mooring systems, automated guided vehicles (AGVS), forklift trucks, container lift trucks, terminal tractors, straddle carriers, and others. On the basis of the application the market is segmented into container handling, bulk handling, ship handling, and others. Based on type, the market is segmented as diesel, electric, and hybrid.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Port Equipment market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Port Equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Port Equipment market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Port Equipment market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Port Equipment market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Port Equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Port Equipment market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Port Equipment market in these regions.
MARKET PLAYERS
The reports cover key developments in the Port Equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Port Equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for Port Equipment in the global market. Below mentioned is the list of few companies engaged in the Port Equipment market.
The report also includes the profiles of key Port Equipment companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- Anhui Heli Industrial Vehicle Imp. & Exp. Co., Ltd.
- Cavotec SA
- CVS Ferrari s.r.l
- Hyster-Yale Group, Inc
- Kalmar
- Konecranes
- Liebherr-International Deutschland GmbH
- SANY GROUP
- TTS Group ASA
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
This text is related
to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Port Equipment Market - By Equipment Type
1.3.2Port Equipment Market - By Application
1.3.3Port Equipment Market - By Type
1.3.4Port Equipment Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.PORT EQUIPMENT MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.PORT EQUIPMENT 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.PORT EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1.PORT EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2.PORT EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.PORT EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - EQUIPMENT TYPE
7.1.OVERVIEW
7.2.EQUIPMENT TYPE MARKET FORECASTS AND ANALYSIS
7.3.TUG BOATS
7.3.1.Overview
7.3.2.Tug Boats Market Forecast and Analysis
7.4.CRANES
7.4.1.Overview
7.4.2.Cranes Market Forecast and Analysis
7.5.SHIPLOADERS
7.5.1.Overview
7.5.2.Shiploaders Market Forecast and Analysis
7.6.REACH STACKERS
7.6.1.Overview
7.6.2.Reach Stackers Market Forecast and Analysis
7.7.MOORING SYSTEMS
7.7.1.Overview
7.7.2.Mooring Systems Market Forecast and Analysis
7.8.AUTOMATED GUIDED VEHICLES (AGVS)
7.8.1.Overview
7.8.2.Automated Guided Vehicles (AGVS) Market Forecast and Analysis
7.9.FORKLIFT TRUCKS
7.9.1.Overview
7.9.2.Forklift Trucks Market Forecast and Analysis
7.10.CONTAINER LIFT TRUCKS
7.10.1.Overview
7.10.2.Container Lift Trucks Market Forecast and Analysis
7.11.TERMINAL TRACTORS
7.11.1.Overview
7.11.2.Terminal Tractors Market Forecast and Analysis
7.12.STRADDLE CARRIERS
7.12.1.Overview
7.12.2.Straddle Carriers Market Forecast and Analysis
7.13.OTHERS
7.13.1.Overview
7.13.2.Others Market Forecast and Analysis
8.PORT EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.CONTAINER HANDLING
8.3.1.Overview
8.3.2.Container Handling Market Forecast and Analysis
8.4.BULK HANDLING
8.4.1.Overview
8.4.2.Bulk Handling Market Forecast and Analysis
8.5.SHIP HANDLING
8.5.1.Overview
8.5.2.Ship Handling Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.PORT EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
9.1.OVERVIEW
9.2.TYPE MARKET FORECASTS AND ANALYSIS
9.3.DIESEL
9.3.1.Overview
9.3.2.Diesel Market Forecast and Analysis
9.4.ELECTRIC
9.4.1.Overview
9.4.2.Electric Market Forecast and Analysis
9.5.HYBRID
9.5.1.Overview
9.5.2.Hybrid Market Forecast and Analysis
10.PORT EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Port Equipment Market Overview
10.1.2North America Port Equipment Market Forecasts and Analysis
10.1.3North America Port Equipment Market Forecasts and Analysis - By Equipment Type
10.1.4North America Port Equipment Market Forecasts and Analysis - By Application
10.1.5North America Port Equipment Market Forecasts and Analysis - By Type
10.1.6North America Port Equipment Market Forecasts and Analysis - By Countries
10.1.6.1United States Port Equipment Market
10.1.6.1.1United States Port Equipment Market by Equipment Type
10.1.6.1.2United States Port Equipment Market by Application
10.1.6.1.3United States Port Equipment Market by Type
10.1.6.2Canada Port Equipment Market
10.1.6.2.1Canada Port Equipment Market by Equipment Type
10.1.6.2.2Canada Port Equipment Market by Application
10.1.6.2.3Canada Port Equipment Market by Type
10.1.6.3Mexico Port Equipment Market
10.1.6.3.1Mexico Port Equipment Market by Equipment Type
10.1.6.3.2Mexico Port Equipment Market by Application
10.1.6.3.3Mexico Port Equipment Market by Type
10.2.EUROPE
10.2.1Europe Port Equipment Market Overview
10.2.2Europe Port Equipment Market Forecasts and Analysis
10.2.3Europe Port Equipment Market Forecasts and Analysis - By Equipment Type
10.2.4Europe Port Equipment Market Forecasts and Analysis - By Application
10.2.5Europe Port Equipment Market Forecasts and Analysis - By Type
10.2.6Europe Port Equipment Market Forecasts and Analysis - By Countries
10.2.6.1Germany Port Equipment Market
10.2.6.1.1Germany Port Equipment Market by Equipment Type
10.2.6.1.2Germany Port Equipment Market by Application
10.2.6.1.3Germany Port Equipment Market by Type
10.2.6.2France Port Equipment Market
10.2.6.2.1France Port Equipment Market by Equipment Type
10.2.6.2.2France Port Equipment Market by Application
10.2.6.2.3France Port Equipment Market by Type
10.2.6.3Italy Port Equipment Market
10.2.6.3.1Italy Port Equipment Market by Equipment Type
10.2.6.3.2Italy Port Equipment Market by Application
10.2.6.3.3Italy Port Equipment Market by Type
10.2.6.4United Kingdom Port Equipment Market
10.2.6.4.1United Kingdom Port Equipment Market by Equipment Type
10.2.6.4.2United Kingdom Port Equipment Market by Application
10.2.6.4.3United Kingdom Port Equipment Market by Type
10.2.6.5Russia Port Equipment Market
10.2.6.5.1Russia Port Equipment Market by Equipment Type
10.2.6.5.2Russia Port Equipment Market by Application
10.2.6.5.3Russia Port Equipment Market by Type
10.2.6.6Rest of Europe Port Equipment Market
10.2.6.6.1Rest of Europe Port Equipment Market by Equipment Type
10.2.6.6.2Rest of Europe Port Equipment Market by Application
10.2.6.6.3Rest of Europe Port Equipment Market by Type
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Port Equipment Market Overview
10.3.2Asia-Pacific Port Equipment Market Forecasts and Analysis
10.3.3Asia-Pacific Port Equipment Market Forecasts and Analysis - By Equipment Type
10.3.4Asia-Pacific Port Equipment Market Forecasts and Analysis - By Application
10.3.5Asia-Pacific Port Equipment Market Forecasts and Analysis - By Type
10.3.6Asia-Pacific Port Equipment Market Forecasts and Analysis - By Countries
10.3.6.1Australia Port Equipment Market
10.3.6.1.1Australia Port Equipment Market by Equipment Type
10.3.6.1.2Australia Port Equipment Market by Application
10.3.6.1.3Australia Port Equipment Market by Type
10.3.6.2China Port Equipment Market
10.3.6.2.1China Port Equipment Market by Equipment Type
10.3.6.2.2China Port Equipment Market by Application
10.3.6.2.3China Port Equipment Market by Type
10.3.6.3India Port Equipment Market
10.3.6.3.1India Port Equipment Market by Equipment Type
10.3.6.3.2India Port Equipment Market by Application
10.3.6.3.3India Port Equipment Market by Type
10.3.6.4Japan Port Equipment Market
10.3.6.4.1Japan Port Equipment Market by Equipment Type
10.3.6.4.2Japan Port Equipment Market by Application
10.3.6.4.3Japan Port Equipment Market by Type
10.3.6.5South Korea Port Equipment Market
10.3.6.5.1South Korea Port Equipment Market by Equipment Type
10.3.6.5.2South Korea Port Equipment Market by Application
10.3.6.5.3South Korea Port Equipment Market by Type
10.3.6.6Rest of Asia-Pacific Port Equipment Market
10.3.6.6.1Rest of Asia-Pacific Port Equipment Market by Equipment Type
10.3.6.6.2Rest of Asia-Pacific Port Equipment Market by Application
10.3.6.6.3Rest of Asia-Pacific Port Equipment Market by Type
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Port Equipment Market Overview
10.4.2Middle East and Africa Port Equipment Market Forecasts and Analysis
10.4.3Middle East and Africa Port Equipment Market Forecasts and Analysis - By Equipment Type
10.4.4Middle East and Africa Port Equipment Market Forecasts and Analysis - By Application
10.4.5Middle East and Africa Port Equipment Market Forecasts and Analysis - By Type
10.4.6Middle East and Africa Port Equipment Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Port Equipment Market
10.4.6.1.1South Africa Port Equipment Market by Equipment Type
10.4.6.1.2South Africa Port Equipment Market by Application
10.4.6.1.3South Africa Port Equipment Market by Type
10.4.6.2Saudi Arabia Port Equipment Market
10.4.6.2.1Saudi Arabia Port Equipment Market by Equipment Type
10.4.6.2.2Saudi Arabia Port Equipment Market by Application
10.4.6.2.3Saudi Arabia Port Equipment Market by Type
10.4.6.3U.A.E Port Equipment Market
10.4.6.3.1U.A.E Port Equipment Market by Equipment Type
10.4.6.3.2U.A.E Port Equipment Market by Application
10.4.6.3.3U.A.E Port Equipment Market by Type
10.4.6.4Rest of Middle East and Africa Port Equipment Market
10.4.6.4.1Rest of Middle East and Africa Port Equipment Market by Equipment Type
10.4.6.4.2Rest of Middle East and Africa Port Equipment Market by Application
10.4.6.4.3Rest of Middle East and Africa Port Equipment Market by Type
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Port Equipment Market Overview
10.5.2South and Central America Port Equipment Market Forecasts and Analysis
10.5.3South and Central America Port Equipment Market Forecasts and Analysis - By Equipment Type
10.5.4South and Central America Port Equipment Market Forecasts and Analysis - By Application
10.5.5South and Central America Port Equipment Market Forecasts and Analysis - By Type
10.5.6South and Central America Port Equipment Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Port Equipment Market
10.5.6.1.1Brazil Port Equipment Market by Equipment Type
10.5.6.1.2Brazil Port Equipment Market by Application
10.5.6.1.3Brazil Port Equipment Market by Type
10.5.6.2Argentina Port Equipment Market
10.5.6.2.1Argentina Port Equipment Market by Equipment Type
10.5.6.2.2Argentina Port Equipment Market by Application
10.5.6.2.3Argentina Port Equipment Market by Type
10.5.6.3Rest of South and Central America Port Equipment Market
10.5.6.3.1Rest of South and Central America Port Equipment Market by Equipment Type
10.5.6.3.2Rest of South and Central America Port Equipment Market by Application
10.5.6.3.3Rest of South and Central America Port Equipment Market by Type
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.PORT EQUIPMENT MARKET, KEY COMPANY PROFILES
12.1.ABB
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.ANHUI HELI INDUSTRIAL VEHICLE IMP.AND EXP. CO., LTD.
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.CAVOTEC SA
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.CVS FERRARI S.R.L
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.HYSTER-YALE GROUP, 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.KALMAR
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.KONECRANES
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.LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH
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.SANY GROUP
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.TTS GROUP ASA
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
The List of Companies
1. ABB
2. Anhui Heli Industrial Vehicle Imp. and Exp. Co. , Ltd.
3. Cavotec SA
4. CVS Ferrari s. r. l
5. Hyster-Yale Group, Inc
6. Kalmar
7. Konecranes
8. Liebherr-International Deutschland GmbH
9. SANY GROUP
10. TTS Group ASA
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.