SCARA Robot Market SWOT Analysis by 2031
SCARA in SCARA robot stands for Selective Compliance Assembly Robot Arm. The SCARA robots are useful in pick and place applications in many manufacturing and assembling processes. SCARA robots are designed to perform repeatable tasks of pick and place from one location to another with high speeds and accuracy. Prevailing automation trends in industries creates a favorable landscape for the growth of the SCARA robot market in the coming years.
MARKET DYNAMICS
The SCARA robot market is expected to soar in the forecast period owing to driving factors such as high adoption in the electronics industry coupled with the need to minimize human errors and efforts in the production processes. However, high installation cost in cases of low volume production is likely to hinder the growth of the SCARA robot market. Nonetheless, future SCARA robots with integrated AI and IoT technologies are expected to showcase symbolic opportunities to the market players in the coming years.
MARKET SCOPE
The "Global SCARA Robot Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of SCARA robot market with detailed market segmentation by payload capacity, application, industry vertical, and geography. The global SCARA robot market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading SCARA robot market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global SCARA robot market is segmented on the basis of payload capacity, application, and industry vertical. Based on payload capacity, the market is segmented as up to 5.00 kg, 5.01-15.00 kg, and more than 15.00 kg. On the basis of the application, the market is segmented as dispensing, processing, handling, assembling and disassembling, welding and soldering, and others. The market on the basis of the industry vertical is classified as automotive, electrical & electronics, precision engineering and optics, metals & machinery, food & beverages, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global SCARA robot market based on various segments. It also provides market size and forecast estimates from the 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 SCARA robot market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting SCARA robot market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the SCARA robot market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global SCARA robot market based on various segments. It also provides market size and forecast estimates from the 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 SCARA robot market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting SCARA robot market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the SCARA robot market in these regions.
MARKET PLAYERS
The reports cover key developments in the SCARA robot 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 the way for the expansion of business and customer base of market players. The market players from SCARA robot market are anticipated to lucrative growth opportunities in the future with the rising demand for SCARA robot in the global market. Below mentioned is the list of few companies engaged in the SCARA robot market.
The report also includes the profiles of key SCARA robot 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 the last three years, key developments in the past five years.
- ABB Ltd.
- Comau SpA
- DENSO Corporation
- Fanuc Corp
- Kawasaki Heavy Industries, Ltd.
- KUKA AG
- Seiko Epson Corporation
- Stäubli International AG
- Toshiba Machine Co., Ltd.
- Yamaha Motor Co., Ltd.
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.
- 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 SCARA Robot Market - By Payload Capacity
1.3.2 SCARA Robot Market - By Application
1.3.3 SCARA Robot Market - By Industry Vertical
1.3.4 SCARA Robot Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SCARA ROBOT 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. SCARA ROBOT 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. SCARA ROBOT MARKET - GLOBAL MARKET ANALYSIS
6.1. SCARA ROBOT - GLOBAL MARKET OVERVIEW
6.2. SCARA ROBOT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SCARA ROBOT MARKET - REVENUE AND FORECASTS TO 2028 - PAYLOAD CAPACITY
7.1. OVERVIEW
7.2. PAYLOAD CAPACITY MARKET FORECASTS AND ANALYSIS
7.3. UP TO 5.00 KG
7.3.1. Overview
7.3.2. Up to 5.00 kg Market Forecast and Analysis
7.4. 5.01-15.00 KG
7.4.1. Overview
7.4.2. 5.01-15.00 kg Market Forecast and Analysis
7.5. MORE THAN 15.00 KG
7.5.1. Overview
7.5.2. More Than 15.00 kg Market Forecast and Analysis
8. SCARA ROBOT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. DISPENSING
8.3.1. Overview
8.3.2. Dispensing Market Forecast and Analysis
8.4. PROCESSING
8.4.1. Overview
8.4.2. Processing Market Forecast and Analysis
8.5. HANDLING
8.5.1. Overview
8.5.2. Handling Market Forecast and Analysis
8.6. ASSEMBLING AND DISASSEMBLING
8.6.1. Overview
8.6.2. Assembling and Disassembling Market Forecast and Analysis
8.7. WELDING AND SOLDERING
8.7.1. Overview
8.7.2. Welding and Soldering Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. SCARA ROBOT MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
9.1. OVERVIEW
9.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. ELECTRICAL AND ELECTRONICS
9.4.1. Overview
9.4.2. Electrical and Electronics Market Forecast and Analysis
9.5. PRECISION ENGINEERING AND OPTICS
9.5.1. Overview
9.5.2. Precision Engineering and Optics Market Forecast and Analysis
9.6. METALS AND MACHINERY
9.6.1. Overview
9.6.2. Metals and Machinery Market Forecast and Analysis
9.7. FOOD AND BEVERAGES
9.7.1. Overview
9.7.2. Food and Beverages Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. SCARA ROBOT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America SCARA Robot Market Overview
10.1.2 North America SCARA Robot Market Forecasts and Analysis
10.1.3 North America SCARA Robot Market Forecasts and Analysis - By Payload Capacity
10.1.4 North America SCARA Robot Market Forecasts and Analysis - By Application
10.1.5 North America SCARA Robot Market Forecasts and Analysis - By Industry Vertical
10.1.6 North America SCARA Robot Market Forecasts and Analysis - By Countries
10.1.6.1 United States SCARA Robot Market
10.1.6.1.1 United States SCARA Robot Market by Payload Capacity
10.1.6.1.2 United States SCARA Robot Market by Application
10.1.6.1.3 United States SCARA Robot Market by Industry Vertical
10.1.6.2 Canada SCARA Robot Market
10.1.6.2.1 Canada SCARA Robot Market by Payload Capacity
10.1.6.2.2 Canada SCARA Robot Market by Application
10.1.6.2.3 Canada SCARA Robot Market by Industry Vertical
10.1.6.3 Mexico SCARA Robot Market
10.1.6.3.1 Mexico SCARA Robot Market by Payload Capacity
10.1.6.3.2 Mexico SCARA Robot Market by Application
10.1.6.3.3 Mexico SCARA Robot Market by Industry Vertical
10.2. EUROPE
10.2.1 Europe SCARA Robot Market Overview
10.2.2 Europe SCARA Robot Market Forecasts and Analysis
10.2.3 Europe SCARA Robot Market Forecasts and Analysis - By Payload Capacity
10.2.4 Europe SCARA Robot Market Forecasts and Analysis - By Application
10.2.5 Europe SCARA Robot Market Forecasts and Analysis - By Industry Vertical
10.2.6 Europe SCARA Robot Market Forecasts and Analysis - By Countries
10.2.6.1 Germany SCARA Robot Market
10.2.6.1.1 Germany SCARA Robot Market by Payload Capacity
10.2.6.1.2 Germany SCARA Robot Market by Application
10.2.6.1.3 Germany SCARA Robot Market by Industry Vertical
10.2.6.2 France SCARA Robot Market
10.2.6.2.1 France SCARA Robot Market by Payload Capacity
10.2.6.2.2 France SCARA Robot Market by Application
10.2.6.2.3 France SCARA Robot Market by Industry Vertical
10.2.6.3 Italy SCARA Robot Market
10.2.6.3.1 Italy SCARA Robot Market by Payload Capacity
10.2.6.3.2 Italy SCARA Robot Market by Application
10.2.6.3.3 Italy SCARA Robot Market by Industry Vertical
10.2.6.4 United Kingdom SCARA Robot Market
10.2.6.4.1 United Kingdom SCARA Robot Market by Payload Capacity
10.2.6.4.2 United Kingdom SCARA Robot Market by Application
10.2.6.4.3 United Kingdom SCARA Robot Market by Industry Vertical
10.2.6.5 Russia SCARA Robot Market
10.2.6.5.1 Russia SCARA Robot Market by Payload Capacity
10.2.6.5.2 Russia SCARA Robot Market by Application
10.2.6.5.3 Russia SCARA Robot Market by Industry Vertical
10.2.6.6 Rest of Europe SCARA Robot Market
10.2.6.6.1 Rest of Europe SCARA Robot Market by Payload Capacity
10.2.6.6.2 Rest of Europe SCARA Robot Market by Application
10.2.6.6.3 Rest of Europe SCARA Robot Market by Industry Vertical
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific SCARA Robot Market Overview
10.3.2 Asia-Pacific SCARA Robot Market Forecasts and Analysis
10.3.3 Asia-Pacific SCARA Robot Market Forecasts and Analysis - By Payload Capacity
10.3.4 Asia-Pacific SCARA Robot Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific SCARA Robot Market Forecasts and Analysis - By Industry Vertical
10.3.6 Asia-Pacific SCARA Robot Market Forecasts and Analysis - By Countries
10.3.6.1 Australia SCARA Robot Market
10.3.6.1.1 Australia SCARA Robot Market by Payload Capacity
10.3.6.1.2 Australia SCARA Robot Market by Application
10.3.6.1.3 Australia SCARA Robot Market by Industry Vertical
10.3.6.2 China SCARA Robot Market
10.3.6.2.1 China SCARA Robot Market by Payload Capacity
10.3.6.2.2 China SCARA Robot Market by Application
10.3.6.2.3 China SCARA Robot Market by Industry Vertical
10.3.6.3 India SCARA Robot Market
10.3.6.3.1 India SCARA Robot Market by Payload Capacity
10.3.6.3.2 India SCARA Robot Market by Application
10.3.6.3.3 India SCARA Robot Market by Industry Vertical
10.3.6.4 Japan SCARA Robot Market
10.3.6.4.1 Japan SCARA Robot Market by Payload Capacity
10.3.6.4.2 Japan SCARA Robot Market by Application
10.3.6.4.3 Japan SCARA Robot Market by Industry Vertical
10.3.6.5 South Korea SCARA Robot Market
10.3.6.5.1 South Korea SCARA Robot Market by Payload Capacity
10.3.6.5.2 South Korea SCARA Robot Market by Application
10.3.6.5.3 South Korea SCARA Robot Market by Industry Vertical
10.3.6.6 Rest of Asia-Pacific SCARA Robot Market
10.3.6.6.1 Rest of Asia-Pacific SCARA Robot Market by Payload Capacity
10.3.6.6.2 Rest of Asia-Pacific SCARA Robot Market by Application
10.3.6.6.3 Rest of Asia-Pacific SCARA Robot Market by Industry Vertical
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa SCARA Robot Market Overview
10.4.2 Middle East and Africa SCARA Robot Market Forecasts and Analysis
10.4.3 Middle East and Africa SCARA Robot Market Forecasts and Analysis - By Payload Capacity
10.4.4 Middle East and Africa SCARA Robot Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa SCARA Robot Market Forecasts and Analysis - By Industry Vertical
10.4.6 Middle East and Africa SCARA Robot Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa SCARA Robot Market
10.4.6.1.1 South Africa SCARA Robot Market by Payload Capacity
10.4.6.1.2 South Africa SCARA Robot Market by Application
10.4.6.1.3 South Africa SCARA Robot Market by Industry Vertical
10.4.6.2 Saudi Arabia SCARA Robot Market
10.4.6.2.1 Saudi Arabia SCARA Robot Market by Payload Capacity
10.4.6.2.2 Saudi Arabia SCARA Robot Market by Application
10.4.6.2.3 Saudi Arabia SCARA Robot Market by Industry Vertical
10.4.6.3 U.A.E SCARA Robot Market
10.4.6.3.1 U.A.E SCARA Robot Market by Payload Capacity
10.4.6.3.2 U.A.E SCARA Robot Market by Application
10.4.6.3.3 U.A.E SCARA Robot Market by Industry Vertical
10.4.6.4 Rest of Middle East and Africa SCARA Robot Market
10.4.6.4.1 Rest of Middle East and Africa SCARA Robot Market by Payload Capacity
10.4.6.4.2 Rest of Middle East and Africa SCARA Robot Market by Application
10.4.6.4.3 Rest of Middle East and Africa SCARA Robot Market by Industry Vertical
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America SCARA Robot Market Overview
10.5.2 South and Central America SCARA Robot Market Forecasts and Analysis
10.5.3 South and Central America SCARA Robot Market Forecasts and Analysis - By Payload Capacity
10.5.4 South and Central America SCARA Robot Market Forecasts and Analysis - By Application
10.5.5 South and Central America SCARA Robot Market Forecasts and Analysis - By Industry Vertical
10.5.6 South and Central America SCARA Robot Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil SCARA Robot Market
10.5.6.1.1 Brazil SCARA Robot Market by Payload Capacity
10.5.6.1.2 Brazil SCARA Robot Market by Application
10.5.6.1.3 Brazil SCARA Robot Market by Industry Vertical
10.5.6.2 Argentina SCARA Robot Market
10.5.6.2.1 Argentina SCARA Robot Market by Payload Capacity
10.5.6.2.2 Argentina SCARA Robot Market by Application
10.5.6.2.3 Argentina SCARA Robot Market by Industry Vertical
10.5.6.3 Rest of South and Central America SCARA Robot Market
10.5.6.3.1 Rest of South and Central America SCARA Robot Market by Payload Capacity
10.5.6.3.2 Rest of South and Central America SCARA Robot Market by Application
10.5.6.3.3 Rest of South and Central America SCARA Robot Market by Industry Vertical
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. SCARA ROBOT MARKET, KEY COMPANY PROFILES
12.1. ABB LTD.
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. COMAU SPA
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. DENSO 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. FANUC CORP
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. KAWASAKI HEAVY INDUSTRIES, LTD.
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. KUKA AG
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. SEIKO EPSON CORPORATION
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. STAUBLI INTERNATIONAL AG
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. TOSHIBA MACHINE CO., LTD.
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. YAMAHA MOTOR 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. ABB Ltd.
2. Comau SpA
3. DENSO Corporation
4. Fanuc Corp
5. Kawasaki Heavy Industries, Ltd.
6. KUKA AG
7. Seiko Epson Corporation
8. Staubli International AG
9. Toshiba Machine Co., Ltd.
10. Yamaha Motor 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.
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