Ship Anchor Market Insights and Growth by 2031
An anchor is a component of ship which is typically made of non-corrosive alloy which is used to connect the ship to the bed of the water body in order to prevent the vessel from drifting away from the desired location due wind or water current. Ships are equipped with one or more anchors which may can of different weights and designs. The anchor achieves the withstanding power by hooking into bed of the water or a mass or combination of both.
MARKET SCOPE
The "Ship anchor Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation with a special focus on the global market trend analysis. The report aims to provide an overview of ship anchor market with detailed market segmentation by type, size, application, and geography. The report provides key statistics on the market status of the leading ship anchor market players and offers key trends and opportunities in the ship anchor market.
MARKET SEGMENTATION
- The global ship anchor market is segmented on the basis of type, size, and application.
- On the basis of type, the market is segmented as with stockless anchors, kedge anchors, mushroom anchors, pool anchors, and others.
- On the basis of size, the market is segmented as with upto 3500 lbs, 3500 - 10000 lbs, and above 10000 lbs.
- Similarly, on the basis of application, the market is segmented as below cruise ship, cargo ship, fishing ship, defense, and other.
MARKET DYNAMICS
Drivers:
- Rising demand for economical product and safety.
Restraints:
- Inclination of shipments towards second hand ship anchors.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 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), the Middle East and Africa (MEA), and South America. The Ship anchor 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 the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 America after evaluating political, economic, social and technological factors affecting the Ship anchor market in these regions.
IMPACT OF COVID-19 ON SHIP ANCHOR MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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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 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), the Middle East and Africa (MEA), and South America. The Ship anchor 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 the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 America after evaluating political, economic, social and technological factors affecting the Ship anchor market in these regions.
IMPACT OF COVID-19 ON SHIP ANCHOR MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Ship anchor market 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Ship anchor market market are anticipated to lucrative growth opportunities in the future with the rising demand for Ship anchor market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Ship anchor market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Blue Ocean Marine Equipment
- Damen Shipyards Group
- DCL MOORING & RIGGING.
- FenderCare
- JinTan Lead Marine Equipment Co.,Ltd.
- MEP Deck Solutions Pte Ltd.
- POSIDONIA SRL
- SCHOELLHORN-ALBRECHT MACHINE CO., INC.
- Suncor Stainless, Inc.
- Tie Down Manufacturing Ingenuity
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 Ship Anchor Market - By Type
1.3.2 Ship Anchor Market - By Size
1.3.3 Ship Anchor Market - By Application
1.3.4 Ship Anchor Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SHIP ANCHOR 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. SHIP ANCHOR 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. SHIP ANCHOR MARKET - GLOBAL MARKET ANALYSIS
6.1. SHIP ANCHOR - GLOBAL MARKET OVERVIEW
6.2. SHIP ANCHOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SHIP ANCHOR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STOCKLESS ANCHORS
7.3.1. Overview
7.3.2. Stockless Anchors Market Forecast and Analysis
7.4. KEDGE ANCHORS
7.4.1. Overview
7.4.2. Kedge Anchors Market Forecast and Analysis
7.5. MUSHROOM ANCHORS
7.5.1. Overview
7.5.2. Mushroom Anchors Market Forecast and Analysis
7.6. POOL ANCHORS
7.6.1. Overview
7.6.2. Pool Anchors Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SHIP ANCHOR MARKET - REVENUE AND FORECASTS TO 2028 - SIZE
8.1. OVERVIEW
8.2. SIZE MARKET FORECASTS AND ANALYSIS
8.3. UPTO 3500 LBS
8.3.1. Overview
8.3.2. Upto 3500 lbs Market Forecast and Analysis
8.4. 3500 - 10000 LBS
8.4.1. Overview
8.4.2. 3500 - 10000 lbs Market Forecast and Analysis
8.5. ABOVE 10000 LBS
8.5.1. Overview
8.5.2. Above 10000 lbs Market Forecast and Analysis
9. SHIP ANCHOR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. CRUISE SHIP
9.3.1. Overview
9.3.2. Cruise Ship Market Forecast and Analysis
9.4. CARGO SHIP
9.4.1. Overview
9.4.2. Cargo Ship Market Forecast and Analysis
9.5. FISHING BOATS
9.5.1. Overview
9.5.2. Fishing Boats Market Forecast and Analysis
9.6. DEFENSE
9.6.1. Overview
9.6.2. Defense Market Forecast and Analysis
9.7. OTHER
9.7.1. Overview
9.7.2. Other Market Forecast and Analysis
10. SHIP ANCHOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Ship Anchor Market Overview
10.1.2 North America Ship Anchor Market Forecasts and Analysis
10.1.3 North America Ship Anchor Market Forecasts and Analysis - By Type
10.1.4 North America Ship Anchor Market Forecasts and Analysis - By Size
10.1.5 North America Ship Anchor Market Forecasts and Analysis - By Application
10.1.6 North America Ship Anchor Market Forecasts and Analysis - By Countries
10.1.6.1 United States Ship Anchor Market
10.1.6.1.1 United States Ship Anchor Market by Type
10.1.6.1.2 United States Ship Anchor Market by Size
10.1.6.1.3 United States Ship Anchor Market by Application
10.1.6.2 Canada Ship Anchor Market
10.1.6.2.1 Canada Ship Anchor Market by Type
10.1.6.2.2 Canada Ship Anchor Market by Size
10.1.6.2.3 Canada Ship Anchor Market by Application
10.1.6.3 Mexico Ship Anchor Market
10.1.6.3.1 Mexico Ship Anchor Market by Type
10.1.6.3.2 Mexico Ship Anchor Market by Size
10.1.6.3.3 Mexico Ship Anchor Market by Application
10.2. EUROPE
10.2.1 Europe Ship Anchor Market Overview
10.2.2 Europe Ship Anchor Market Forecasts and Analysis
10.2.3 Europe Ship Anchor Market Forecasts and Analysis - By Type
10.2.4 Europe Ship Anchor Market Forecasts and Analysis - By Size
10.2.5 Europe Ship Anchor Market Forecasts and Analysis - By Application
10.2.6 Europe Ship Anchor Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Ship Anchor Market
10.2.6.1.1 Germany Ship Anchor Market by Type
10.2.6.1.2 Germany Ship Anchor Market by Size
10.2.6.1.3 Germany Ship Anchor Market by Application
10.2.6.2 France Ship Anchor Market
10.2.6.2.1 France Ship Anchor Market by Type
10.2.6.2.2 France Ship Anchor Market by Size
10.2.6.2.3 France Ship Anchor Market by Application
10.2.6.3 Italy Ship Anchor Market
10.2.6.3.1 Italy Ship Anchor Market by Type
10.2.6.3.2 Italy Ship Anchor Market by Size
10.2.6.3.3 Italy Ship Anchor Market by Application
10.2.6.4 United Kingdom Ship Anchor Market
10.2.6.4.1 United Kingdom Ship Anchor Market by Type
10.2.6.4.2 United Kingdom Ship Anchor Market by Size
10.2.6.4.3 United Kingdom Ship Anchor Market by Application
10.2.6.5 Russia Ship Anchor Market
10.2.6.5.1 Russia Ship Anchor Market by Type
10.2.6.5.2 Russia Ship Anchor Market by Size
10.2.6.5.3 Russia Ship Anchor Market by Application
10.2.6.6 Rest of Europe Ship Anchor Market
10.2.6.6.1 Rest of Europe Ship Anchor Market by Type
10.2.6.6.2 Rest of Europe Ship Anchor Market by Size
10.2.6.6.3 Rest of Europe Ship Anchor Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Ship Anchor Market Overview
10.3.2 Asia-Pacific Ship Anchor Market Forecasts and Analysis
10.3.3 Asia-Pacific Ship Anchor Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Ship Anchor Market Forecasts and Analysis - By Size
10.3.5 Asia-Pacific Ship Anchor Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Ship Anchor Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Ship Anchor Market
10.3.6.1.1 Australia Ship Anchor Market by Type
10.3.6.1.2 Australia Ship Anchor Market by Size
10.3.6.1.3 Australia Ship Anchor Market by Application
10.3.6.2 China Ship Anchor Market
10.3.6.2.1 China Ship Anchor Market by Type
10.3.6.2.2 China Ship Anchor Market by Size
10.3.6.2.3 China Ship Anchor Market by Application
10.3.6.3 India Ship Anchor Market
10.3.6.3.1 India Ship Anchor Market by Type
10.3.6.3.2 India Ship Anchor Market by Size
10.3.6.3.3 India Ship Anchor Market by Application
10.3.6.4 Japan Ship Anchor Market
10.3.6.4.1 Japan Ship Anchor Market by Type
10.3.6.4.2 Japan Ship Anchor Market by Size
10.3.6.4.3 Japan Ship Anchor Market by Application
10.3.6.5 South Korea Ship Anchor Market
10.3.6.5.1 South Korea Ship Anchor Market by Type
10.3.6.5.2 South Korea Ship Anchor Market by Size
10.3.6.5.3 South Korea Ship Anchor Market by Application
10.3.6.6 Rest of Asia-Pacific Ship Anchor Market
10.3.6.6.1 Rest of Asia-Pacific Ship Anchor Market by Type
10.3.6.6.2 Rest of Asia-Pacific Ship Anchor Market by Size
10.3.6.6.3 Rest of Asia-Pacific Ship Anchor Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Ship Anchor Market Overview
10.4.2 Middle East and Africa Ship Anchor Market Forecasts and Analysis
10.4.3 Middle East and Africa Ship Anchor Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Ship Anchor Market Forecasts and Analysis - By Size
10.4.5 Middle East and Africa Ship Anchor Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Ship Anchor Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Ship Anchor Market
10.4.6.1.1 South Africa Ship Anchor Market by Type
10.4.6.1.2 South Africa Ship Anchor Market by Size
10.4.6.1.3 South Africa Ship Anchor Market by Application
10.4.6.2 Saudi Arabia Ship Anchor Market
10.4.6.2.1 Saudi Arabia Ship Anchor Market by Type
10.4.6.2.2 Saudi Arabia Ship Anchor Market by Size
10.4.6.2.3 Saudi Arabia Ship Anchor Market by Application
10.4.6.3 U.A.E Ship Anchor Market
10.4.6.3.1 U.A.E Ship Anchor Market by Type
10.4.6.3.2 U.A.E Ship Anchor Market by Size
10.4.6.3.3 U.A.E Ship Anchor Market by Application
10.4.6.4 Rest of Middle East and Africa Ship Anchor Market
10.4.6.4.1 Rest of Middle East and Africa Ship Anchor Market by Type
10.4.6.4.2 Rest of Middle East and Africa Ship Anchor Market by Size
10.4.6.4.3 Rest of Middle East and Africa Ship Anchor Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Ship Anchor Market Overview
10.5.2 South and Central America Ship Anchor Market Forecasts and Analysis
10.5.3 South and Central America Ship Anchor Market Forecasts and Analysis - By Type
10.5.4 South and Central America Ship Anchor Market Forecasts and Analysis - By Size
10.5.5 South and Central America Ship Anchor Market Forecasts and Analysis - By Application
10.5.6 South and Central America Ship Anchor Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Ship Anchor Market
10.5.6.1.1 Brazil Ship Anchor Market by Type
10.5.6.1.2 Brazil Ship Anchor Market by Size
10.5.6.1.3 Brazil Ship Anchor Market by Application
10.5.6.2 Argentina Ship Anchor Market
10.5.6.2.1 Argentina Ship Anchor Market by Type
10.5.6.2.2 Argentina Ship Anchor Market by Size
10.5.6.2.3 Argentina Ship Anchor Market by Application
10.5.6.3 Rest of South and Central America Ship Anchor Market
10.5.6.3.1 Rest of South and Central America Ship Anchor Market by Type
10.5.6.3.2 Rest of South and Central America Ship Anchor Market by Size
10.5.6.3.3 Rest of South and Central America Ship Anchor 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. SHIP ANCHOR MARKET, KEY COMPANY PROFILES
12.1. BLUE OCEAN MARINE EQUIPMENT
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. DAMEN SHIPYARDS GROUP
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. DCL MOORING AND RIGGING.
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. FENDERCARE
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. JINTAN LEAD MARINE EQUIPMENT CO.,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. MEP DECK SOLUTIONS PTE LTD.
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. POSIDONIA SRL
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. SCHOELLHORN-ALBRECHT MACHINE CO., INC.
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. SUNCOR STAINLESS, INC.
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. TIE DOWN MANUFACTURING INGENUITY
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.Blue Ocean Marine Equipment
2.Damen Shipyards Group
3.DCL MOORING and RIGGING.
4.FenderCare
5.JinTan Lead Marine Equipment Co.,Ltd.
6.MEP Deck Solutions Pte Ltd.
7.POSIDONIA SRL
8.SCHOELLHORN-ALBRECHT MACHINE CO., INC.
9.Suncor Stainless, Inc.
10.Tie Down Manufacturing Ingenuity
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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