Rolling Stocks Market Forecast (2024-2031)
The Rolling Stocks Market is expected to register a CAGR of 7.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Technology (Conventional Locomotives, Turbocharged Locomotives, Maglev); Product Type (Locomotives, Rapid Transit, Coaches, Wagons, Others); Application (Passenger Transportation, Freight). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Rolling Stocks 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.
Rolling Stocks Market Segmentation
Technology- Conventional Locomotives
- Turbocharged Locomotives
- Maglev
- Locomotives
- Rapid Transit
- Coaches
- Wagons
- Others
- Passenger Transportation
- Freight
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Rolling Stocks Market Growth Drivers- Increasing Demand for Efficient Transportation: One of the primary drivers of the rolling stocks market is the growing demand for efficient and reliable transportation solutions in both passenger and freight sectors. As urbanization continues to rise and global trade expands, there is a heightened need for modernized rail systems that can handle increased passenger and cargo volumes. This demand drives investments in new rolling stock, including locomotives, passenger coaches, and freight cars, to enhance operational efficiency and reduce travel times.
- Government Investments and Infrastructure Development: Significant government investments in infrastructure development, particularly in rail networks, are fueling the growth of the rolling stocks market. Many countries are prioritizing the expansion and modernization of their rail systems to promote sustainable transportation, reduce congestion, and improve connectivity. Public-private partnerships (PPPs) are also becoming more common, enabling the procurement of advanced rolling stock while distributing financial risks. These investments create opportunities for manufacturers and suppliers in the rolling stock market.
- Technological Advancements and Innovation: Continuous technological advancements in rolling stock design, materials, and systems are driving market growth. Innovations such as lightweight materials, energy-efficient propulsion systems, and advanced control technologies are enhancing the performance and sustainability of trains. Additionally, the integration of digital technologies, such as Internet of Things (IoT) sensors for predictive maintenance and real-time monitoring, is improving operational efficiency and safety. As these technologies evolve, they create new opportunities for manufacturers to develop next-generation rolling stock.
- Focus on Sustainability and Green Technologies: There is a notable trend towards sustainability in the rolling stocks market, with a growing emphasis on reducing carbon emissions and energy consumption. Rail operators are increasingly investing in green technologies, such as electric and hybrid locomotives, to enhance their environmental performance. This trend is driven by regulatory pressures and public awareness of climate change. Manufacturers are responding by developing eco-friendly rolling stock solutions that meet these sustainability goals.
- Rise of Urban Mobility Solutions: The trend towards urban mobility solutions, including light rail and commuter trains, is gaining traction in urban areas. As cities seek to alleviate traffic congestion and promote public transport, there is an increasing demand for rolling stock that supports urban mobility initiatives. This includes the development of modern light rail systems, trams, and metro trains that cater to the needs of urban commuters. Manufacturers are focusing on producing versatile rolling stock that can adapt to various urban environments and passenger demands.
- Innovations in Autonomous Rail Technology: The development of autonomous rail technology presents a promising opportunity for the rolling stocks market. As advancements in automation and artificial intelligence continue, the potential for driverless trains and automated operations is becoming more feasible. This innovation can enhance safety, reduce operational costs, and improve service reliability. Companies that invest in research and development for autonomous rail technologies can position themselves at the forefront of this emerging segment.
- Collaborative Models and Public-Private Partnerships: There is a growing opportunity for rolling stock manufacturers to engage in collaborative models and public-private partnerships (PPPs) to support infrastructure projects. By partnering with governments and other stakeholders, manufacturers can share risks, access funding, and leverage expertise to deliver innovative rolling stock solutions. These collaborations can facilitate the development of new rail systems and the modernization of existing fleets, driving growth in the rolling stocks market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Rolling Stocks 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 Rolling Stocks 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
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.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Rolling Stocks Market include Alstom SA, Bombardier Inc, Wabtec Corporation, CRRC Corporation Limited, Construcciones y Auxiliar de Ferrocarriles, Hyundai Rotem, Kawasaki Heavy Industries, Hitachi Rail Systems, Stadler Rail
Adoption of technologies is the key future trend of the Rolling Stocks Market
The Rolling Stocks Market is estimated to witness a CAGR of 7.1% from 2023 to 2031
The major factors driving the Rolling Stocks Market are:Urbanization and Population Growth#Government Expenditure in Construction of Railway Infrastructure
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Rolling Stocks Market - By Technology
1.3.2 Rolling Stocks Market - By Product Type
1.3.3 Rolling Stocks Market - By Application
1.3.4 Rolling Stocks Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ROLLING STOCKS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ROLLING STOCKS 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 AND RESTRAINTS
6. ROLLING STOCKS MARKET - GLOBAL MARKET ANALYSIS
6.1. ROLLING STOCKS - GLOBAL MARKET OVERVIEW
6.2. ROLLING STOCKS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ROLLING STOCKS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. CONVENTIONAL LOCOMOTIVES
7.3.1. Overview
7.3.2. Conventional Locomotives Market Forecast and Analysis
7.4. TURBOCHARGED LOCOMOTIVES
7.4.1. Overview
7.4.2. Turbocharged Locomotives Market Forecast and Analysis
7.5. MAGLEV
7.5.1. Overview
7.5.2. Maglev Market Forecast and Analysis
8. ROLLING STOCKS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
8.1. OVERVIEW
8.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
8.3. LOCOMOTIVES
8.3.1. Overview
8.3.2. Locomotives Market Forecast and Analysis
8.3.3. Diesel Locomotives Market
8.3.3.1. Overview
8.3.3.2. Diesel Locomotives Market Forecast and Analysis
8.3.4. Electric Locomotives Market
8.3.4.1. Overview
8.3.4.2. Electric Locomotives Market Forecast and Analysis
8.3.5. Electro-Diesel Locomotives Market
8.3.5.1. Overview
8.3.5.2. Electro-Diesel Locomotives Market Forecast and Analysis
8.4. RAPID TRANSIT
8.4.1. Overview
8.4.2. Rapid Transit Market Forecast and Analysis
8.4.3. Diesel Multiple Units Market
8.4.3.1. Overview
8.4.3.2. Diesel Multiple Units Market Forecast and Analysis
8.4.4. Electric Multiple Unit Market
8.4.4.1. Overview
8.4.4.2. Electric Multiple Unit Market Forecast and Analysis
8.4.5. Light Rails/Trams Market
8.4.5.1. Overview
8.4.5.2. Light Rails/Trams Market Forecast and Analysis
8.4.6. Subways/Metros Market
8.4.6.1. Overview
8.4.6.2. Subways/Metros Market Forecast and Analysis
8.4.7. Monorails Market
8.4.7.1. Overview
8.4.7.2. Monorails Market Forecast and Analysis
8.5. COACHES
8.5.1. Overview
8.5.2. Coaches Market Forecast and Analysis
8.6. WAGONS
8.6.1. Overview
8.6.2. Wagons Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. ROLLING STOCKS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. PASSENGER TRANSPORTATION
9.3.1. Overview
9.3.2. Passenger Transportation Market Forecast and Analysis
9.4. FREIGHT
9.4.1. Overview
9.4.2. Freight Market Forecast and Analysis
10. ROLLING STOCKS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Rolling Stocks Market Overview
10.1.2 North America Rolling Stocks Market Forecasts and Analysis
10.1.3 North America Rolling Stocks Market Forecasts and Analysis - By Technology
10.1.4 North America Rolling Stocks Market Forecasts and Analysis - By Product Type
10.1.5 North America Rolling Stocks Market Forecasts and Analysis - By Application
10.1.6 North America Rolling Stocks Market Forecasts and Analysis - By Countries
10.1.6.1 United States Rolling Stocks Market
10.1.6.1.1 United States Rolling Stocks Market by Technology
10.1.6.1.2 United States Rolling Stocks Market by Product Type
10.1.6.1.3 United States Rolling Stocks Market by Application
10.1.6.2 Canada Rolling Stocks Market
10.1.6.2.1 Canada Rolling Stocks Market by Technology
10.1.6.2.2 Canada Rolling Stocks Market by Product Type
10.1.6.2.3 Canada Rolling Stocks Market by Application
10.1.6.3 Mexico Rolling Stocks Market
10.1.6.3.1 Mexico Rolling Stocks Market by Technology
10.1.6.3.2 Mexico Rolling Stocks Market by Product Type
10.1.6.3.3 Mexico Rolling Stocks Market by Application
10.2. EUROPE
10.2.1 Europe Rolling Stocks Market Overview
10.2.2 Europe Rolling Stocks Market Forecasts and Analysis
10.2.3 Europe Rolling Stocks Market Forecasts and Analysis - By Technology
10.2.4 Europe Rolling Stocks Market Forecasts and Analysis - By Product Type
10.2.5 Europe Rolling Stocks Market Forecasts and Analysis - By Application
10.2.6 Europe Rolling Stocks Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Rolling Stocks Market
10.2.6.1.1 Germany Rolling Stocks Market by Technology
10.2.6.1.2 Germany Rolling Stocks Market by Product Type
10.2.6.1.3 Germany Rolling Stocks Market by Application
10.2.6.2 France Rolling Stocks Market
10.2.6.2.1 France Rolling Stocks Market by Technology
10.2.6.2.2 France Rolling Stocks Market by Product Type
10.2.6.2.3 France Rolling Stocks Market by Application
10.2.6.3 Italy Rolling Stocks Market
10.2.6.3.1 Italy Rolling Stocks Market by Technology
10.2.6.3.2 Italy Rolling Stocks Market by Product Type
10.2.6.3.3 Italy Rolling Stocks Market by Application
10.2.6.4 United Kingdom Rolling Stocks Market
10.2.6.4.1 United Kingdom Rolling Stocks Market by Technology
10.2.6.4.2 United Kingdom Rolling Stocks Market by Product Type
10.2.6.4.3 United Kingdom Rolling Stocks Market by Application
10.2.6.5 Russia Rolling Stocks Market
10.2.6.5.1 Russia Rolling Stocks Market by Technology
10.2.6.5.2 Russia Rolling Stocks Market by Product Type
10.2.6.5.3 Russia Rolling Stocks Market by Application
10.2.6.6 Rest of Europe Rolling Stocks Market
10.2.6.6.1 Rest of Europe Rolling Stocks Market by Technology
10.2.6.6.2 Rest of Europe Rolling Stocks Market by Product Type
10.2.6.6.3 Rest of Europe Rolling Stocks Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Rolling Stocks Market Overview
10.3.2 Asia-Pacific Rolling Stocks Market Forecasts and Analysis
10.3.3 Asia-Pacific Rolling Stocks Market Forecasts and Analysis - By Technology
10.3.4 Asia-Pacific Rolling Stocks Market Forecasts and Analysis - By Product Type
10.3.5 Asia-Pacific Rolling Stocks Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Rolling Stocks Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Rolling Stocks Market
10.3.6.1.1 Australia Rolling Stocks Market by Technology
10.3.6.1.2 Australia Rolling Stocks Market by Product Type
10.3.6.1.3 Australia Rolling Stocks Market by Application
10.3.6.2 China Rolling Stocks Market
10.3.6.2.1 China Rolling Stocks Market by Technology
10.3.6.2.2 China Rolling Stocks Market by Product Type
10.3.6.2.3 China Rolling Stocks Market by Application
10.3.6.3 India Rolling Stocks Market
10.3.6.3.1 India Rolling Stocks Market by Technology
10.3.6.3.2 India Rolling Stocks Market by Product Type
10.3.6.3.3 India Rolling Stocks Market by Application
10.3.6.4 Japan Rolling Stocks Market
10.3.6.4.1 Japan Rolling Stocks Market by Technology
10.3.6.4.2 Japan Rolling Stocks Market by Product Type
10.3.6.4.3 Japan Rolling Stocks Market by Application
10.3.6.5 South Korea Rolling Stocks Market
10.3.6.5.1 South Korea Rolling Stocks Market by Technology
10.3.6.5.2 South Korea Rolling Stocks Market by Product Type
10.3.6.5.3 South Korea Rolling Stocks Market by Application
10.3.6.6 Rest of Asia-Pacific Rolling Stocks Market
10.3.6.6.1 Rest of Asia-Pacific Rolling Stocks Market by Technology
10.3.6.6.2 Rest of Asia-Pacific Rolling Stocks Market by Product Type
10.3.6.6.3 Rest of Asia-Pacific Rolling Stocks Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Rolling Stocks Market Overview
10.4.2 Middle East and Africa Rolling Stocks Market Forecasts and Analysis
10.4.3 Middle East and Africa Rolling Stocks Market Forecasts and Analysis - By Technology
10.4.4 Middle East and Africa Rolling Stocks Market Forecasts and Analysis - By Product Type
10.4.5 Middle East and Africa Rolling Stocks Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Rolling Stocks Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Rolling Stocks Market
10.4.6.1.1 South Africa Rolling Stocks Market by Technology
10.4.6.1.2 South Africa Rolling Stocks Market by Product Type
10.4.6.1.3 South Africa Rolling Stocks Market by Application
10.4.6.2 Saudi Arabia Rolling Stocks Market
10.4.6.2.1 Saudi Arabia Rolling Stocks Market by Technology
10.4.6.2.2 Saudi Arabia Rolling Stocks Market by Product Type
10.4.6.2.3 Saudi Arabia Rolling Stocks Market by Application
10.4.6.3 U.A.E Rolling Stocks Market
10.4.6.3.1 U.A.E Rolling Stocks Market by Technology
10.4.6.3.2 U.A.E Rolling Stocks Market by Product Type
10.4.6.3.3 U.A.E Rolling Stocks Market by Application
10.4.6.4 Rest of Middle East and Africa Rolling Stocks Market
10.4.6.4.1 Rest of Middle East and Africa Rolling Stocks Market by Technology
10.4.6.4.2 Rest of Middle East and Africa Rolling Stocks Market by Product Type
10.4.6.4.3 Rest of Middle East and Africa Rolling Stocks Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Rolling Stocks Market Overview
10.5.2 South and Central America Rolling Stocks Market Forecasts and Analysis
10.5.3 South and Central America Rolling Stocks Market Forecasts and Analysis - By Technology
10.5.4 South and Central America Rolling Stocks Market Forecasts and Analysis - By Product Type
10.5.5 South and Central America Rolling Stocks Market Forecasts and Analysis - By Application
10.5.6 South and Central America Rolling Stocks Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Rolling Stocks Market
10.5.6.1.1 Brazil Rolling Stocks Market by Technology
10.5.6.1.2 Brazil Rolling Stocks Market by Product Type
10.5.6.1.3 Brazil Rolling Stocks Market by Application
10.5.6.2 Argentina Rolling Stocks Market
10.5.6.2.1 Argentina Rolling Stocks Market by Technology
10.5.6.2.2 Argentina Rolling Stocks Market by Product Type
10.5.6.2.3 Argentina Rolling Stocks Market by Application
10.5.6.3 Rest of South and Central America Rolling Stocks Market
10.5.6.3.1 Rest of South and Central America Rolling Stocks Market by Technology
10.5.6.3.2 Rest of South and Central America Rolling Stocks Market by Product Type
10.5.6.3.3 Rest of South and Central America Rolling Stocks Market by Application
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. ROLLING STOCKS MARKET, KEY COMPANY PROFILES
12.1. ALSTOM SA
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. BOMBARDIER INC.
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. WABTEC CORPORATION
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. CRRC CORPORATION LIMITED
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. CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES
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. HYUNDAI ROTEM
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. KAWASAKI HEAVY INDUSTRIES
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. HITACHI RAIL SYSTEMS
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. STADLER RAIL
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. MITSUBISHI HEAVY INDUSTRIES
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.Alstom SA
2.Bombardier Inc.
3.Wabtec Corporation
4.CRRC Corporation Limited
5.Construcciones y Auxiliar de Ferrocarriles
6.Hyundai Rotem
7.Kawasaki Heavy Industries
8.Hitachi Rail Systems
9.Stadler Rail
10.Mitsubishi Heavy Industries
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