The Scratch-Resistant Glass Market is expected to register a CAGR of 4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The scratch-resistant glass market report is segmented by end-use industry (automotive, consumer electronics, building and construction, and others). The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Scratch-Resistant Glass 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.
Scratch-Resistant Glass Market Segmentation
End-Use Industry- Automotive
- Consumer Electronics
- Building and Construction
Strategic Insights
Scratch-Resistant Glass Market Growth Drivers- Growing demand for smartphones: The global smartphone and consumer electronics industry, in particular, stands out as the major contributing factor to the growth of the market for scratch-resistant glass. There is a need for robust and high-grade glasses on electronic devices like mobile phones, tablets, smartwatches, and even computers so that they can endure any possible damage that may occur through normal usage. For example, Corning’s Gorilla Glass and other similar scratch-resistant glass have a ready market for such gadgets because they are functional and attractive even after a long period of use. Since smartphone and electronic manufacturers are coming up with devices that have larger screens, folding devices, and advanced displaying technologies that comprise scratch-resistant glass, usage will increase.
- Adoption in the automotive and construction industries: The scratch resistant glass has also found its application in the automobile and building industries. For instance, within the vehicles, scratch-resistant glass is utilized for the windows, mirrors, and touch screens, improving the aesthetics and durability and enhancing the safety of the vehicles. In the same manner, in the architectural field, glazing is an important component utilized in making exterior walls, windows, or even spaces within a structure. Such applications, especially for commercial as well as for premium buildings, increase the need for scratch-resistant glass because of the increased demand for improvements in durability as well as appealing looks. Moreover, with the increasing concerns about safety and sustainability, the demand for materials that are more durable and resistant in both markets is also encouraging the growth of the scratch-resistant glass market.
- Inoovations in coating and surface treatment technologies: The growing scratch-resistant glass market is also attributed to innovations in coatings and surface treatments. Advanced techniques such as nano-coating, chemical strengthening and thin film deposition are enhancing glass resistance to scratches and glass strength. These advancements not only improve the properties of glass as a material but also allow producers to make thin and light yet strong and scratch-resistant products. As these technologies become cheaper and more available to manufacturers, the technologies are being adapted by manufacturers to produce consumer durable and glass products that are high in quality performance.
- Foldable smartphones: The consumer demand for scratch-resistant glass which retains structural integrity and visual excellence while being bent and hinged, is becoming apparent with the advent of foldable mobile phones and flexible screen displays. It is only a matter of time before more technologically advanced flexible and impact-resistant coatings are designed for application on tired and bendable glass. This advancement will be indispensable for the future of flexible electronics, with consumers wanting a glass for their devices that can be folded back and forth as many times as possible without any scratches or damage. Elevated interest in flexible glass applications provides a notable growth potential to the industry.
- Sustainable manufacturing practives: The global growth in sustainability principles will impact positively on the scratch resistant glass market by forcing manufacturers to start using environmentally sound production processes and materials. Understanding this, some manufacturers will produce glass that is more environmentally friendly because it is made from raw types of materials, which are renewable resources and produced by less energy consuming processes. In addition, manufacturers are trying to minimize the negative effects of chemical application processes that increase scratch resistance. In the development of these future glass products, the promotion of sustainable ethics within the glass industry will be the primary motivating factor, as glass producers will face consumer demand as well as legal issues on product sustainability, therefore providing greener products.
- Growing demand for wearable electronics: The popularity of wearable products, smartwatches, fitness bands, and augmented reality glasses has driven the need for scratch-resistant glass for these products. Wearable devices are constantly in contact with the body, cloth, or any other surface; hence, they suffer friction on a daily basis that results in wear and tear, making it a key feature of such devices. The increasing adoption trend for smartwatches and fitness wearable devices in North America, Europe and Asia-Pacific regions creates a huge chance for the manufacturers to extend their wear and tear-resistant glass products range for such dedicated devices.
- Demand from EVs: Another market that offers a growth opportunity for scratch-resistant glass is the electric vehicle(s) EV) market, in particular, the glass made for windshields, touch screens, or in-car display systems. Due to the growing acceptance of EVs around the world, more so in Europe, North America, and China, where most car manufacturers are using state-of-the-art technologies that incorporate touch screens and expansive glass roofs, scratch-resistant glass for electric vehicles in such cases can enhance the durability and aesthetics of such vehicles providing an avenue for the glass manufacturers to supply this market.
- Demand for luxury consumer products: The super-premium segment, which contains luxury smartphones, expensive timepieces, gourmet kitchen appliances, and other products, presents an avenue for the use of effective scratch-resistant glass. Buyers of these luxury items usually demand not only top quality but also impeccability in design. Consumers also want luxury products with new designs, such as phones with bigger screens that are narrower and crisper, therefore heightening the need for improved protective films that are scratch-resistant. Premium scratch-resistant glass producers can take advantage of these developments and focus on creating specialized, toughened glass for the upper-end markets.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Scratch-Resistant Glass 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 Scratch-Resistant Glass 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.
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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
- 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
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to country scope.
Frequently Asked Questions
Integration of scratch-resistant glass in flexible displays and foldable devices is expected to be the key market trends.
Based on end-use industry, the consumer electronics segment is expected to witness the fastest growth during the forecast period.
Based on geography, Asia Pacific held the largest share of the scratch-resistant glass market due to the strong growth of the consumer electronics and automotive industry in the region.
Rising demand for smartphones and consumer electronics are driving the market growth.
SCHOTT, Corning Incorporated, AGC Inc, Kyocera, Saint-Gobain, ?i?ecam, Nippon Electric Glass Co Ltd., Guardian Industries Holdings, POLYVANTIS GmbH, and Rubicon Technology are the key players operating in the scratch-resistant glass market.
The Scratch-Resistant Glass Market is estimated to witness a CAGR of 4% from 2023 to 2031
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Scratch-Resistant Glass Market - By Product Type
1.3.2 Scratch-Resistant Glass Market - By Industry Vertical
1.3.3 Scratch-Resistant Glass Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SCRATCH-RESISTANT GLASS 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. SCRATCH-RESISTANT GLASS 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. SCRATCH-RESISTANT GLASS MARKET - GLOBAL MARKET ANALYSIS
6.1. SCRATCH-RESISTANT GLASS - GLOBAL MARKET OVERVIEW
6.2. SCRATCH-RESISTANT GLASS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SCRATCH-RESISTANT GLASS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. CHEMICALLY-STRENGTHENED GLASS
7.3.1. Overview
7.3.2. Chemically-Strengthened Glass Market Forecast and Analysis
7.4. SAPPHIRE GLASS
7.4.1. Overview
7.4.2. Sapphire Glass Market Forecast and Analysis
8. SCRATCH-RESISTANT GLASS MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
8.1. OVERVIEW
8.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. ELECTRONICS
8.4.1. Overview
8.4.2. Electronics Market Forecast and Analysis
8.5. BUILDING AND CONSTRUCTION
8.5.1. Overview
8.5.2. Building and Construction Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SCRATCH-RESISTANT GLASS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Scratch-Resistant Glass Market Overview
9.1.2 North America Scratch-Resistant Glass Market Forecasts and Analysis
9.1.3 North America Scratch-Resistant Glass Market Forecasts and Analysis - By Product Type
9.1.4 North America Scratch-Resistant Glass Market Forecasts and Analysis - By Industry Vertical
9.1.5 North America Scratch-Resistant Glass Market Forecasts and Analysis - By Countries
9.1.5.1 United States Scratch-Resistant Glass Market
9.1.5.1.1 United States Scratch-Resistant Glass Market by Product Type
9.1.5.1.2 United States Scratch-Resistant Glass Market by Industry Vertical
9.1.5.2 Canada Scratch-Resistant Glass Market
9.1.5.2.1 Canada Scratch-Resistant Glass Market by Product Type
9.1.5.2.2 Canada Scratch-Resistant Glass Market by Industry Vertical
9.1.5.3 Mexico Scratch-Resistant Glass Market
9.1.5.3.1 Mexico Scratch-Resistant Glass Market by Product Type
9.1.5.3.2 Mexico Scratch-Resistant Glass Market by Industry Vertical
9.2. EUROPE
9.2.1 Europe Scratch-Resistant Glass Market Overview
9.2.2 Europe Scratch-Resistant Glass Market Forecasts and Analysis
9.2.3 Europe Scratch-Resistant Glass Market Forecasts and Analysis - By Product Type
9.2.4 Europe Scratch-Resistant Glass Market Forecasts and Analysis - By Industry Vertical
9.2.5 Europe Scratch-Resistant Glass Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Scratch-Resistant Glass Market
9.2.5.1.1 Germany Scratch-Resistant Glass Market by Product Type
9.2.5.1.2 Germany Scratch-Resistant Glass Market by Industry Vertical
9.2.5.2 France Scratch-Resistant Glass Market
9.2.5.2.1 France Scratch-Resistant Glass Market by Product Type
9.2.5.2.2 France Scratch-Resistant Glass Market by Industry Vertical
9.2.5.3 Italy Scratch-Resistant Glass Market
9.2.5.3.1 Italy Scratch-Resistant Glass Market by Product Type
9.2.5.3.2 Italy Scratch-Resistant Glass Market by Industry Vertical
9.2.5.4 United Kingdom Scratch-Resistant Glass Market
9.2.5.4.1 United Kingdom Scratch-Resistant Glass Market by Product Type
9.2.5.4.2 United Kingdom Scratch-Resistant Glass Market by Industry Vertical
9.2.5.5 Russia Scratch-Resistant Glass Market
9.2.5.5.1 Russia Scratch-Resistant Glass Market by Product Type
9.2.5.5.2 Russia Scratch-Resistant Glass Market by Industry Vertical
9.2.5.6 Rest of Europe Scratch-Resistant Glass Market
9.2.5.6.1 Rest of Europe Scratch-Resistant Glass Market by Product Type
9.2.5.6.2 Rest of Europe Scratch-Resistant Glass Market by Industry Vertical
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Scratch-Resistant Glass Market Overview
9.3.2 Asia-Pacific Scratch-Resistant Glass Market Forecasts and Analysis
9.3.3 Asia-Pacific Scratch-Resistant Glass Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Scratch-Resistant Glass Market Forecasts and Analysis - By Industry Vertical
9.3.5 Asia-Pacific Scratch-Resistant Glass Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Scratch-Resistant Glass Market
9.3.5.1.1 Australia Scratch-Resistant Glass Market by Product Type
9.3.5.1.2 Australia Scratch-Resistant Glass Market by Industry Vertical
9.3.5.2 China Scratch-Resistant Glass Market
9.3.5.2.1 China Scratch-Resistant Glass Market by Product Type
9.3.5.2.2 China Scratch-Resistant Glass Market by Industry Vertical
9.3.5.3 India Scratch-Resistant Glass Market
9.3.5.3.1 India Scratch-Resistant Glass Market by Product Type
9.3.5.3.2 India Scratch-Resistant Glass Market by Industry Vertical
9.3.5.4 Japan Scratch-Resistant Glass Market
9.3.5.4.1 Japan Scratch-Resistant Glass Market by Product Type
9.3.5.4.2 Japan Scratch-Resistant Glass Market by Industry Vertical
9.3.5.5 South Korea Scratch-Resistant Glass Market
9.3.5.5.1 South Korea Scratch-Resistant Glass Market by Product Type
9.3.5.5.2 South Korea Scratch-Resistant Glass Market by Industry Vertical
9.3.5.6 Rest of Asia-Pacific Scratch-Resistant Glass Market
9.3.5.6.1 Rest of Asia-Pacific Scratch-Resistant Glass Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Scratch-Resistant Glass Market by Industry Vertical
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Scratch-Resistant Glass Market Overview
9.4.2 Middle East and Africa Scratch-Resistant Glass Market Forecasts and Analysis
9.4.3 Middle East and Africa Scratch-Resistant Glass Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Scratch-Resistant Glass Market Forecasts and Analysis - By Industry Vertical
9.4.5 Middle East and Africa Scratch-Resistant Glass Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Scratch-Resistant Glass Market
9.4.5.1.1 South Africa Scratch-Resistant Glass Market by Product Type
9.4.5.1.2 South Africa Scratch-Resistant Glass Market by Industry Vertical
9.4.5.2 Saudi Arabia Scratch-Resistant Glass Market
9.4.5.2.1 Saudi Arabia Scratch-Resistant Glass Market by Product Type
9.4.5.2.2 Saudi Arabia Scratch-Resistant Glass Market by Industry Vertical
9.4.5.3 U.A.E Scratch-Resistant Glass Market
9.4.5.3.1 U.A.E Scratch-Resistant Glass Market by Product Type
9.4.5.3.2 U.A.E Scratch-Resistant Glass Market by Industry Vertical
9.4.5.4 Rest of Middle East and Africa Scratch-Resistant Glass Market
9.4.5.4.1 Rest of Middle East and Africa Scratch-Resistant Glass Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Scratch-Resistant Glass Market by Industry Vertical
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Scratch-Resistant Glass Market Overview
9.5.2 South and Central America Scratch-Resistant Glass Market Forecasts and Analysis
9.5.3 South and Central America Scratch-Resistant Glass Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Scratch-Resistant Glass Market Forecasts and Analysis - By Industry Vertical
9.5.5 South and Central America Scratch-Resistant Glass Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Scratch-Resistant Glass Market
9.5.5.1.1 Brazil Scratch-Resistant Glass Market by Product Type
9.5.5.1.2 Brazil Scratch-Resistant Glass Market by Industry Vertical
9.5.5.2 Argentina Scratch-Resistant Glass Market
9.5.5.2.1 Argentina Scratch-Resistant Glass Market by Product Type
9.5.5.2.2 Argentina Scratch-Resistant Glass Market by Industry Vertical
9.5.5.3 Rest of South and Central America Scratch-Resistant Glass Market
9.5.5.3.1 Rest of South and Central America Scratch-Resistant Glass Market by Product Type
9.5.5.3.2 Rest of South and Central America Scratch-Resistant Glass Market by Industry Vertical
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SCRATCH-RESISTANT GLASS MARKET, KEY COMPANY PROFILES
11.1. AGC INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CORNING INCORPORATED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CRYSTALWISE TECHNOLOGY INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. EDMUND OPTICS INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GUARDIAN GLASS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KYOCERA CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MONOCRYSTAL (ENERGOMERA GROUP)
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NIPPON ELECTRIC GLASS CO., LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RUBICON TECHNOLOGY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SCHOTT AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. AGC Inc.
2. Corning Incorporated
3. Crystalwise Technology Inc.
4. Edmund Optics Inc.
5. Guardian Glass
6. KYOCERA Corporation
7. Monocrystal (Energomera Group)
8. Nippon Electric Glass Co., Ltd.
9. Rubicon Technology
10. SCHOTT AG
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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