Robotic Lawn Mower Market Key Findings by 2031
MARKET INTRODUCTION
A robotic lawn mower is also known as an autonomous robot is used to cut lawn grass. A robotic lawn mower requires the user to set up a border wire around the lawn for the area to be mowed and uses this wire to locate the boundary of the area to be trimmed.
MARKET DYNAMICS
The robotic lawn mower market is heavily influenced by driving factors such as increase in dependency on automation to reduce operational cost in commercial sector and increase in the adoption of domestic robots for various household applications such as cleaning, lawn mowing drive the growth of the robotic lawn mower in the global market. However, high installation cost required for the initial setup of robotic lawn mower is expected to impact the growth of the global market.
MARKET SCOPE
The "Global robotic lawn mower market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductors industry with a special focus on the global robotic lawn mower market trend analysis. The report aims to provide an overview of the robotic lawn mower market with detailed market segmentation by working type, by frequency band, by application, by country. The global robotic lawn mower market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading robotic lawn mower market players and offers key trends and opportunities in the Robotic lawn mower market.
MARKET SEGMENTATION
The global robotic lawn mower market is segmented on the basis of by lawn size, by end user and by connectivity. Based on lawn size the market is segmented as small size, medium Size and large size robotic lawn mowers. On the basis of end user the market is segmented as residential, professional landscaping services and sports fields, golf courses, and others. On the basis of connectivity the market is segmented as robotic lawn mowers with connectivity and robotic lawn mowers without connectivity.
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 Robotic lawn mower market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The robotic lawn mower 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 robotic lawn mower 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 Robotic lawn mower 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 Robotic lawn mower market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The robotic lawn mower 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 robotic lawn mower 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 Robotic lawn mower market in these regions.
MARKET PLAYERS
The reports cover key developments in the robotic lawn mower 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 Robotic lawn mower market are anticipated to lucrative growth opportunities in the future with the rising demand for Robotic lawn mower in the global market. Below mentioned is the list of few companies engaged in the Robotic lawn mower market.
The report also includes the profiles of key robotic lawn mower companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
- ANDREAS STIHL AG & Co. KG
- Bosch Limited
- Deere & Company
- Honda Motor Co., Ltd
- Husqvarna Group
- LG Electronics
- STIGA S.p.A
- the Worx Company
- YAMABIKO Corporation
- Zucchetti Centro Sistemi S.p.a.
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.
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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.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Robotic Lawn Mower Market - By Lawn Size
1.3.2Robotic Lawn Mower Market - By End-Users
1.3.3Robotic Lawn Mower Market - By Connectivity
1.3.4Robotic Lawn Mower Market - By Region
1.3.4.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.ROBOTIC LAWN MOWER 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.ROBOTIC LAWN MOWER 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.ROBOTIC LAWN MOWER MARKET - GLOBAL MARKET ANALYSIS
6.1.ROBOTIC LAWN MOWER - GLOBAL MARKET OVERVIEW
6.2.ROBOTIC LAWN MOWER - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.ROBOTIC LAWN MOWER MARKET - REVENUE AND FORECASTS TO 2028 - LAWN SIZE
7.1.OVERVIEW
7.2.LAWN SIZE MARKET FORECASTS AND ANALYSIS
7.3.SMALL SIZE
7.3.1.Overview
7.3.2.Small Size Market Forecast and Analysis
7.4.MEDIUM SIZE
7.4.1.Overview
7.4.2.Medium Size Market Forecast and Analysis
7.5.LARGE SIZE ROBOTIC LAWN MOWERS
7.5.1.Overview
7.5.2.Large Size Robotic Lawn Mowers Market Forecast and Analysis
8.ROBOTIC LAWN MOWER MARKET - REVENUE AND FORECASTS TO 2028 - END-USERS
8.1.OVERVIEW
8.2.END-USERS MARKET FORECASTS AND ANALYSIS
8.3.RESIDENTIAL END-USERS
8.3.1.Overview
8.3.2.Residential End-users Market Forecast and Analysis
8.4.PROFESSIONAL LANDSCAPING SERVICES
8.4.1.Overview
8.4.2.Professional Landscaping Services Market Forecast and Analysis
8.5.SPORTS FIELDS
8.5.1.Overview
8.5.2.Sports Fields Market Forecast and Analysis
8.6.GOLF COURSES AND OTHERS
8.6.1.Overview
8.6.2.Golf Courses and Others Market Forecast and Analysis
9.ROBOTIC LAWN MOWER MARKET - REVENUE AND FORECASTS TO 2028 - CONNECTIVITY
9.1.OVERVIEW
9.2.CONNECTIVITY MARKET FORECASTS AND ANALYSIS
9.3.ROBOTIC LAWN MOWERS WITH CONNECTIVITY
9.3.1.Overview
9.3.2.Robotic Lawn Mowers With Connectivity Market Forecast and Analysis
9.4.ROBOTIC LAWN MOWERS WITHOUT CONNECTIVITY
9.4.1.Overview
9.4.2.Robotic Lawn Mowers Without Connectivity Market Forecast and Analysis
10.ROBOTIC LAWN MOWER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Robotic Lawn Mower Market Overview
10.1.2North America Robotic Lawn Mower Market Forecasts and Analysis
10.1.3North America Robotic Lawn Mower Market Forecasts and Analysis - By Lawn Size
10.1.4North America Robotic Lawn Mower Market Forecasts and Analysis - By End-Users
10.1.5North America Robotic Lawn Mower Market Forecasts and Analysis - By Connectivity
10.1.6North America Robotic Lawn Mower Market Forecasts and Analysis - By Countries
10.1.6.1United States Robotic Lawn Mower Market
10.1.6.1.1United States Robotic Lawn Mower Market by Lawn Size
10.1.6.1.2United States Robotic Lawn Mower Market by End-Users
10.1.6.1.3United States Robotic Lawn Mower Market by Connectivity
10.1.6.2Canada Robotic Lawn Mower Market
10.1.6.2.1Canada Robotic Lawn Mower Market by Lawn Size
10.1.6.2.2Canada Robotic Lawn Mower Market by End-Users
10.1.6.2.3Canada Robotic Lawn Mower Market by Connectivity
10.1.6.3Mexico Robotic Lawn Mower Market
10.1.6.3.1Mexico Robotic Lawn Mower Market by Lawn Size
10.1.6.3.2Mexico Robotic Lawn Mower Market by End-Users
10.1.6.3.3Mexico Robotic Lawn Mower Market by Connectivity
10.2.EUROPE
10.2.1Europe Robotic Lawn Mower Market Overview
10.2.2Europe Robotic Lawn Mower Market Forecasts and Analysis
10.2.3Europe Robotic Lawn Mower Market Forecasts and Analysis - By Lawn Size
10.2.4Europe Robotic Lawn Mower Market Forecasts and Analysis - By End-Users
10.2.5Europe Robotic Lawn Mower Market Forecasts and Analysis - By Connectivity
10.2.6Europe Robotic Lawn Mower Market Forecasts and Analysis - By Countries
10.2.6.1Germany Robotic Lawn Mower Market
10.2.6.1.1Germany Robotic Lawn Mower Market by Lawn Size
10.2.6.1.2Germany Robotic Lawn Mower Market by End-Users
10.2.6.1.3Germany Robotic Lawn Mower Market by Connectivity
10.2.6.2France Robotic Lawn Mower Market
10.2.6.2.1France Robotic Lawn Mower Market by Lawn Size
10.2.6.2.2France Robotic Lawn Mower Market by End-Users
10.2.6.2.3France Robotic Lawn Mower Market by Connectivity
10.2.6.3Italy Robotic Lawn Mower Market
10.2.6.3.1Italy Robotic Lawn Mower Market by Lawn Size
10.2.6.3.2Italy Robotic Lawn Mower Market by End-Users
10.2.6.3.3Italy Robotic Lawn Mower Market by Connectivity
10.2.6.4United Kingdom Robotic Lawn Mower Market
10.2.6.4.1United Kingdom Robotic Lawn Mower Market by Lawn Size
10.2.6.4.2United Kingdom Robotic Lawn Mower Market by End-Users
10.2.6.4.3United Kingdom Robotic Lawn Mower Market by Connectivity
10.2.6.5Russia Robotic Lawn Mower Market
10.2.6.5.1Russia Robotic Lawn Mower Market by Lawn Size
10.2.6.5.2Russia Robotic Lawn Mower Market by End-Users
10.2.6.5.3Russia Robotic Lawn Mower Market by Connectivity
10.2.6.6Rest of Europe Robotic Lawn Mower Market
10.2.6.6.1Rest of Europe Robotic Lawn Mower Market by Lawn Size
10.2.6.6.2Rest of Europe Robotic Lawn Mower Market by End-Users
10.2.6.6.3Rest of Europe Robotic Lawn Mower Market by Connectivity
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Robotic Lawn Mower Market Overview
10.3.2Asia-Pacific Robotic Lawn Mower Market Forecasts and Analysis
10.3.3Asia-Pacific Robotic Lawn Mower Market Forecasts and Analysis - By Lawn Size
10.3.4Asia-Pacific Robotic Lawn Mower Market Forecasts and Analysis - By End-Users
10.3.5Asia-Pacific Robotic Lawn Mower Market Forecasts and Analysis - By Connectivity
10.3.6Asia-Pacific Robotic Lawn Mower Market Forecasts and Analysis - By Countries
10.3.6.1Australia Robotic Lawn Mower Market
10.3.6.1.1Australia Robotic Lawn Mower Market by Lawn Size
10.3.6.1.2Australia Robotic Lawn Mower Market by End-Users
10.3.6.1.3Australia Robotic Lawn Mower Market by Connectivity
10.3.6.2China Robotic Lawn Mower Market
10.3.6.2.1China Robotic Lawn Mower Market by Lawn Size
10.3.6.2.2China Robotic Lawn Mower Market by End-Users
10.3.6.2.3China Robotic Lawn Mower Market by Connectivity
10.3.6.3India Robotic Lawn Mower Market
10.3.6.3.1India Robotic Lawn Mower Market by Lawn Size
10.3.6.3.2India Robotic Lawn Mower Market by End-Users
10.3.6.3.3India Robotic Lawn Mower Market by Connectivity
10.3.6.4Japan Robotic Lawn Mower Market
10.3.6.4.1Japan Robotic Lawn Mower Market by Lawn Size
10.3.6.4.2Japan Robotic Lawn Mower Market by End-Users
10.3.6.4.3Japan Robotic Lawn Mower Market by Connectivity
10.3.6.5South Korea Robotic Lawn Mower Market
10.3.6.5.1South Korea Robotic Lawn Mower Market by Lawn Size
10.3.6.5.2South Korea Robotic Lawn Mower Market by End-Users
10.3.6.5.3South Korea Robotic Lawn Mower Market by Connectivity
10.3.6.6Rest of Asia-Pacific Robotic Lawn Mower Market
10.3.6.6.1Rest of Asia-Pacific Robotic Lawn Mower Market by Lawn Size
10.3.6.6.2Rest of Asia-Pacific Robotic Lawn Mower Market by End-Users
10.3.6.6.3Rest of Asia-Pacific Robotic Lawn Mower Market by Connectivity
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Robotic Lawn Mower Market Overview
10.4.2Middle East and Africa Robotic Lawn Mower Market Forecasts and Analysis
10.4.3Middle East and Africa Robotic Lawn Mower Market Forecasts and Analysis - By Lawn Size
10.4.4Middle East and Africa Robotic Lawn Mower Market Forecasts and Analysis - By End-Users
10.4.5Middle East and Africa Robotic Lawn Mower Market Forecasts and Analysis - By Connectivity
10.4.6Middle East and Africa Robotic Lawn Mower Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Robotic Lawn Mower Market
10.4.6.1.1South Africa Robotic Lawn Mower Market by Lawn Size
10.4.6.1.2South Africa Robotic Lawn Mower Market by End-Users
10.4.6.1.3South Africa Robotic Lawn Mower Market by Connectivity
10.4.6.2Saudi Arabia Robotic Lawn Mower Market
10.4.6.2.1Saudi Arabia Robotic Lawn Mower Market by Lawn Size
10.4.6.2.2Saudi Arabia Robotic Lawn Mower Market by End-Users
10.4.6.2.3Saudi Arabia Robotic Lawn Mower Market by Connectivity
10.4.6.3U.A.E Robotic Lawn Mower Market
10.4.6.3.1U.A.E Robotic Lawn Mower Market by Lawn Size
10.4.6.3.2U.A.E Robotic Lawn Mower Market by End-Users
10.4.6.3.3U.A.E Robotic Lawn Mower Market by Connectivity
10.4.6.4Rest of Middle East and Africa Robotic Lawn Mower Market
10.4.6.4.1Rest of Middle East and Africa Robotic Lawn Mower Market by Lawn Size
10.4.6.4.2Rest of Middle East and Africa Robotic Lawn Mower Market by End-Users
10.4.6.4.3Rest of Middle East and Africa Robotic Lawn Mower Market by Connectivity
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Robotic Lawn Mower Market Overview
10.5.2South and Central America Robotic Lawn Mower Market Forecasts and Analysis
10.5.3South and Central America Robotic Lawn Mower Market Forecasts and Analysis - By Lawn Size
10.5.4South and Central America Robotic Lawn Mower Market Forecasts and Analysis - By End-Users
10.5.5South and Central America Robotic Lawn Mower Market Forecasts and Analysis - By Connectivity
10.5.6South and Central America Robotic Lawn Mower Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Robotic Lawn Mower Market
10.5.6.1.1Brazil Robotic Lawn Mower Market by Lawn Size
10.5.6.1.2Brazil Robotic Lawn Mower Market by End-Users
10.5.6.1.3Brazil Robotic Lawn Mower Market by Connectivity
10.5.6.2Argentina Robotic Lawn Mower Market
10.5.6.2.1Argentina Robotic Lawn Mower Market by Lawn Size
10.5.6.2.2Argentina Robotic Lawn Mower Market by End-Users
10.5.6.2.3Argentina Robotic Lawn Mower Market by Connectivity
10.5.6.3Rest of South and Central America Robotic Lawn Mower Market
10.5.6.3.1Rest of South and Central America Robotic Lawn Mower Market by Lawn Size
10.5.6.3.2Rest of South and Central America Robotic Lawn Mower Market by End-Users
10.5.6.3.3Rest of South and Central America Robotic Lawn Mower Market by Connectivity
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.ROBOTIC LAWN MOWER MARKET, KEY COMPANY PROFILES
12.1.ANDREAS STIHL AG AND CO. KG
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.BOSCH LIMITED
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.DEERE AND 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.HONDA MOTOR 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.HUSQVARNA GROUP
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.LG ELECTRONICS
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.STIGA 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.THE WORX COMPANY
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.YAMABIKO CORPORATION
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.ZUCCHETTI CENTRO SISTEMI S.P.A
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. ANDREAS STIHL AG and Co. KG
2. Bosch Limited
3. Deere and Company
4. Honda Motor Co., Ltd
5. Husqvarna Group
6. LG Electronics
7. STIGA S.p.A
8. the Worx Company
9. YAMABIKO Corporation
10. Zucchetti Centro Sistemi S.p.a
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.
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