Semi-Trailer Market Drivers and Opportunities - 2031
The Semi-Trailer Market is expected to register a CAGR of 5.7% 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 Number of Axles (Less Than 3 Axles, 3 to 4 Axles, More Than 4 Axles); Type (Flatbed, Lowboy, Dry Van, Refrigerated, Tankers, Others); Tonnage (Below 25 Tons, 25 Tons and 50 Tons, 51 Tons and 100 Tons, Above 100 Tons). 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 Semi-Trailer 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.
Semi-Trailer Market Segmentation
Number of Axles- Less Than 3 Axles
- 3 to 4 Axles
- More Than 4 Axles
- Flatbed
- Lowboy
- Dry Van
- Refrigerated
- Tankers
- Others
- Below 25 Tons
- 25 Tons and 50 Tons
- 51 Tons and 100 Tons
- Above 100 Tons
- 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
Semi-Trailer Market Growth Drivers- Growth of Manufacturing and Logistics: Due to the growing need of operational efficiency and the growth in the global supply chain is driving the growth of Semi-Trailer Market. The material handling and modern logistics solutions are witnessing the rapid adoption in various emerging economies such as India, China, and others.
- Modern Supply Chain Management: The demand for semi-trailers is partly attributed to the supply chain’s subsequent optimization. The modern supply chain management heavily rely on efficient material handling and logistics.
- Economic Growth and Industrialization: Industrialization and the movement of raw materials and finished goods in emerging markets are boosting economic growth. As industries such as construction, manufacturing, and agriculture expand, the demand for semi-trailers to transport large volumes of goods increases, supporting the overall market growth.
- Growing Investment: Various contries are investing increasingly in infrastructures, thereby providing robust demand for heavy-duty semi-trailers that support constructions and transports, thereby driving market growth and further technological advancements in the sector.
- Customization and Innovation: There is an increasing opportunity for manufacturers to provide customized semi-trailers that cater to specific industry needs, such as refrigerated trailers for perishable goods or flatbeds for construction materials. Innovations like modular designs and automated features can attract niche markets and boost overall sales.
- Technological Advancement: The technology trend about semi-trailers is towards electric and hybrid, driven by environmental regulations and battery technologies, with the vision of making the transport sector more sustainable.
- Advancement in Telematics and IoT: Advancements in telematics and IoT technologies in semi-trailers support effective fleet management through the efficiency of the fleet in operation and increased safety while continuously feeding real-time data to support route optimisation and cost reduction.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Semi-Trailer 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 Semi-Trailer 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
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 Semi-Trailer Market include East Manufacturing Company, Fliegl Fahrzeugbau GmbH, Fontaine Trailer Company, Heil Trailer International, Hyundai Translead, Karl Kässbohrer Fahrzeugwerke GmbH, Kögel Trailer GmbH Co.KG, Roland Berger GmbH, and Schmitz Cargobull AG
Advancement in telematics and IoT is the key future trend of the Semi-Trailer Market
The Semi-Trailer Market is estimated to witness a CAGR of 5.7% from 2023 to 2031
The major factors driving the Semi-Trailer Market are: Growth of Manufacturing and Logistics#Modern Supply Chain Management
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Semi-Trailer Market - By Number of Axles
1.3.2Semi-Trailer Market - By Type
1.3.3Semi-Trailer Market - By Tonnage
1.3.4Semi-Trailer Market - By Region
1.3.4.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.SEMI-TRAILER 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.SEMI-TRAILER 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.SEMI-TRAILER MARKET - GLOBAL MARKET ANALYSIS
6.1.SEMI-TRAILER - GLOBAL MARKET OVERVIEW
6.2.SEMI-TRAILER - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.SEMI-TRAILER MARKET - REVENUE AND FORECASTS TO 2028 - NUMBER OF AXLES
7.1.OVERVIEW
7.2.NUMBER OF AXLES MARKET FORECASTS AND ANALYSIS
7.3.LESS THAN 3 AXLES
7.3.1.Overview
7.3.2.Less Than 3 Axles Market Forecast and Analysis
7.4.3 TO 4 AXLES
7.4.1.Overview
7.4.2.3 to 4 Axles Market Forecast and Analysis
7.5.MORE THAN 4 AXLES
7.5.1.Overview
7.5.2.More Than 4 Axles Market Forecast and Analysis
8.SEMI-TRAILER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1.OVERVIEW
8.2.TYPE MARKET FORECASTS AND ANALYSIS
8.3.FLATBED
8.3.1.Overview
8.3.2.Flatbed Market Forecast and Analysis
8.4.LOWBOY
8.4.1.Overview
8.4.2.Lowboy Market Forecast and Analysis
8.5.DRY VAN
8.5.1.Overview
8.5.2.Dry Van Market Forecast and Analysis
8.6.REFRIGERATED
8.6.1.Overview
8.6.2.Refrigerated Market Forecast and Analysis
8.7.TANKERS
8.7.1.Overview
8.7.2.Tankers Market Forecast and Analysis
8.8.OTHERS
8.8.1.Overview
8.8.2.Others Market Forecast and Analysis
9.SEMI-TRAILER MARKET - REVENUE AND FORECASTS TO 2028 - TONNAGE
9.1.OVERVIEW
9.2.TONNAGE MARKET FORECASTS AND ANALYSIS
9.3.BELOW 25 TONS
9.3.1.Overview
9.3.2.Below 25 Tons Market Forecast and Analysis
9.4.25 TONS AND 50 TONS
9.4.1.Overview
9.4.2.25 Tons and 50 Tons Market Forecast and Analysis
9.5.51 TONS AND 100 TONS
9.5.1.Overview
9.5.2.51 Tons and 100 Tons Market Forecast and Analysis
9.6.ABOVE 100 TONS
9.6.1.Overview
9.6.2.Above 100 Tons Market Forecast and Analysis
10.SEMI-TRAILER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Semi-Trailer Market Overview
10.1.2North America Semi-Trailer Market Forecasts and Analysis
10.1.3North America Semi-Trailer Market Forecasts and Analysis - By Number of Axles
10.1.4North America Semi-Trailer Market Forecasts and Analysis - By Type
10.1.5North America Semi-Trailer Market Forecasts and Analysis - By Tonnage
10.1.6North America Semi-Trailer Market Forecasts and Analysis - By Countries
10.1.6.1United States Semi-Trailer Market
10.1.6.1.1United States Semi-Trailer Market by Number of Axles
10.1.6.1.2United States Semi-Trailer Market by Type
10.1.6.1.3United States Semi-Trailer Market by Tonnage
10.1.6.2Canada Semi-Trailer Market
10.1.6.2.1Canada Semi-Trailer Market by Number of Axles
10.1.6.2.2Canada Semi-Trailer Market by Type
10.1.6.2.3Canada Semi-Trailer Market by Tonnage
10.1.6.3Mexico Semi-Trailer Market
10.1.6.3.1Mexico Semi-Trailer Market by Number of Axles
10.1.6.3.2Mexico Semi-Trailer Market by Type
10.1.6.3.3Mexico Semi-Trailer Market by Tonnage
10.2.EUROPE
10.2.1Europe Semi-Trailer Market Overview
10.2.2Europe Semi-Trailer Market Forecasts and Analysis
10.2.3Europe Semi-Trailer Market Forecasts and Analysis - By Number of Axles
10.2.4Europe Semi-Trailer Market Forecasts and Analysis - By Type
10.2.5Europe Semi-Trailer Market Forecasts and Analysis - By Tonnage
10.2.6Europe Semi-Trailer Market Forecasts and Analysis - By Countries
10.2.6.1Germany Semi-Trailer Market
10.2.6.1.1Germany Semi-Trailer Market by Number of Axles
10.2.6.1.2Germany Semi-Trailer Market by Type
10.2.6.1.3Germany Semi-Trailer Market by Tonnage
10.2.6.2France Semi-Trailer Market
10.2.6.2.1France Semi-Trailer Market by Number of Axles
10.2.6.2.2France Semi-Trailer Market by Type
10.2.6.2.3France Semi-Trailer Market by Tonnage
10.2.6.3Italy Semi-Trailer Market
10.2.6.3.1Italy Semi-Trailer Market by Number of Axles
10.2.6.3.2Italy Semi-Trailer Market by Type
10.2.6.3.3Italy Semi-Trailer Market by Tonnage
10.2.6.4United Kingdom Semi-Trailer Market
10.2.6.4.1United Kingdom Semi-Trailer Market by Number of Axles
10.2.6.4.2United Kingdom Semi-Trailer Market by Type
10.2.6.4.3United Kingdom Semi-Trailer Market by Tonnage
10.2.6.5Russia Semi-Trailer Market
10.2.6.5.1Russia Semi-Trailer Market by Number of Axles
10.2.6.5.2Russia Semi-Trailer Market by Type
10.2.6.5.3Russia Semi-Trailer Market by Tonnage
10.2.6.6Rest of Europe Semi-Trailer Market
10.2.6.6.1Rest of Europe Semi-Trailer Market by Number of Axles
10.2.6.6.2Rest of Europe Semi-Trailer Market by Type
10.2.6.6.3Rest of Europe Semi-Trailer Market by Tonnage
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Semi-Trailer Market Overview
10.3.2Asia-Pacific Semi-Trailer Market Forecasts and Analysis
10.3.3Asia-Pacific Semi-Trailer Market Forecasts and Analysis - By Number of Axles
10.3.4Asia-Pacific Semi-Trailer Market Forecasts and Analysis - By Type
10.3.5Asia-Pacific Semi-Trailer Market Forecasts and Analysis - By Tonnage
10.3.6Asia-Pacific Semi-Trailer Market Forecasts and Analysis - By Countries
10.3.6.1Australia Semi-Trailer Market
10.3.6.1.1Australia Semi-Trailer Market by Number of Axles
10.3.6.1.2Australia Semi-Trailer Market by Type
10.3.6.1.3Australia Semi-Trailer Market by Tonnage
10.3.6.2China Semi-Trailer Market
10.3.6.2.1China Semi-Trailer Market by Number of Axles
10.3.6.2.2China Semi-Trailer Market by Type
10.3.6.2.3China Semi-Trailer Market by Tonnage
10.3.6.3India Semi-Trailer Market
10.3.6.3.1India Semi-Trailer Market by Number of Axles
10.3.6.3.2India Semi-Trailer Market by Type
10.3.6.3.3India Semi-Trailer Market by Tonnage
10.3.6.4Japan Semi-Trailer Market
10.3.6.4.1Japan Semi-Trailer Market by Number of Axles
10.3.6.4.2Japan Semi-Trailer Market by Type
10.3.6.4.3Japan Semi-Trailer Market by Tonnage
10.3.6.5South Korea Semi-Trailer Market
10.3.6.5.1South Korea Semi-Trailer Market by Number of Axles
10.3.6.5.2South Korea Semi-Trailer Market by Type
10.3.6.5.3South Korea Semi-Trailer Market by Tonnage
10.3.6.6Rest of Asia-Pacific Semi-Trailer Market
10.3.6.6.1Rest of Asia-Pacific Semi-Trailer Market by Number of Axles
10.3.6.6.2Rest of Asia-Pacific Semi-Trailer Market by Type
10.3.6.6.3Rest of Asia-Pacific Semi-Trailer Market by Tonnage
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Semi-Trailer Market Overview
10.4.2Middle East and Africa Semi-Trailer Market Forecasts and Analysis
10.4.3Middle East and Africa Semi-Trailer Market Forecasts and Analysis - By Number of Axles
10.4.4Middle East and Africa Semi-Trailer Market Forecasts and Analysis - By Type
10.4.5Middle East and Africa Semi-Trailer Market Forecasts and Analysis - By Tonnage
10.4.6Middle East and Africa Semi-Trailer Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Semi-Trailer Market
10.4.6.1.1South Africa Semi-Trailer Market by Number of Axles
10.4.6.1.2South Africa Semi-Trailer Market by Type
10.4.6.1.3South Africa Semi-Trailer Market by Tonnage
10.4.6.2Saudi Arabia Semi-Trailer Market
10.4.6.2.1Saudi Arabia Semi-Trailer Market by Number of Axles
10.4.6.2.2Saudi Arabia Semi-Trailer Market by Type
10.4.6.2.3Saudi Arabia Semi-Trailer Market by Tonnage
10.4.6.3U.A.E Semi-Trailer Market
10.4.6.3.1U.A.E Semi-Trailer Market by Number of Axles
10.4.6.3.2U.A.E Semi-Trailer Market by Type
10.4.6.3.3U.A.E Semi-Trailer Market by Tonnage
10.4.6.4Rest of Middle East and Africa Semi-Trailer Market
10.4.6.4.1Rest of Middle East and Africa Semi-Trailer Market by Number of Axles
10.4.6.4.2Rest of Middle East and Africa Semi-Trailer Market by Type
10.4.6.4.3Rest of Middle East and Africa Semi-Trailer Market by Tonnage
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Semi-Trailer Market Overview
10.5.2South and Central America Semi-Trailer Market Forecasts and Analysis
10.5.3South and Central America Semi-Trailer Market Forecasts and Analysis - By Number of Axles
10.5.4South and Central America Semi-Trailer Market Forecasts and Analysis - By Type
10.5.5South and Central America Semi-Trailer Market Forecasts and Analysis - By Tonnage
10.5.6South and Central America Semi-Trailer Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Semi-Trailer Market
10.5.6.1.1Brazil Semi-Trailer Market by Number of Axles
10.5.6.1.2Brazil Semi-Trailer Market by Type
10.5.6.1.3Brazil Semi-Trailer Market by Tonnage
10.5.6.2Rest of South and Central America Semi-Trailer Market
10.5.6.2.1Rest of South and Central America Semi-Trailer Market by Number of Axles
10.5.6.2.2Rest of South and Central America Semi-Trailer Market by Type
10.5.6.2.3Rest of South and Central America Semi-Trailer Market by Tonnage
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.SEMI-TRAILER MARKET, KEY COMPANY PROFILES
12.1.EAST MANUFACTURING COMPANY
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.FLIEGL FAHRZEUGBAU GMBH
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.FONTAINE TRAILER 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.HEIL TRAILER INTERNATIONAL
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.HYUNDAI TRANSLEAD
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.KARL KäSSBOHRER FAHRZEUGWERKE GMBH
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.KöGEL TRAILER GMBH CO.KG
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.ROLAND BERGER GMBH
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.SCHMITZ CARGOBULL AG
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.SCHWARZMüLLER GROUP
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. East Manufacturing Company2. Fliegl Fahrzeugbau GmbH3. Fontaine Trailer Company4. Heil Trailer International5. Hyundai Translead6. Karl Kässbohrer Fahrzeugwerke GmbH7. Kögel Trailer GmbH Co.KG8. Roland Berger GmbH9. Schmitz Cargobull AG10. Schwarzmüller Group
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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