Shotcrete Market SWOT and PEST Analysis 2021-2031
The Shotcrete Market is expected to register a CAGR of 7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
Shotcrete Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis By Process (Wet Mix and Dry Mix), System (Manual Spraying and Robotic Spraying), and Application (Construction, Protective Coatings, Water Retaining Structures, and Others), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Factors such as advancements in shotcrete technology, sustainable materials, rising demand in construction, and the use of sprayed concrete in various structures contribute to the expansion of the shotcrete market. The market is further driven by changing consumer preferences and lifestyles, leading to increased construction activities like dams, subways, highways, bridges, tunnels, and infrastructure projects.
Purpose of the ReportThe report Shotcrete 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.
Shotcrete Market Segmentation
Process- Wet Mix and Dry Mix
- Manual Spraying and Robotic Spraying
- Construction
- Protective Coatings
- Water Retaining Structures
- 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
Shotcrete Market Growth Drivers- Advancement of Infrastructure Development: Further thrust within the newly developing countries for improved infrastructure development projects increases the requirement for shotcrete in tunnel, bridge, and foundation related works. Because of its significantly rapid forming of durable surfaces, shotcrete is particularly adopted for large-scale urban and rural infrastructural works that further boost the market.
- Increased Application in Mining and Underground Projects: Shotcrete has found wide applications in the mining sections from tunneling and slope support applications. With the escalation of underground-mining and infrastructure projects around the globe, the demand for shotcrete solutions also rises. Because it has high tensile strength and rapid set properties, it is very much applicable for stabilizing rock surfaces in mines and tunnels, thus contributing to its increasing market adoption.
- Sustainability and Durability: Shotcrete is significantly superior in durability and longevity when compared to traditional concrete, hence it becomes one of the effective sustainable building solutions. The construction fraternity becomes increasingly focused on long-term, eco-friendly materials that lead to reduced maintenance costs. Such usage of shotcrete in efficient and robust solutions serves as a primary boom for increased usage in all sectors.
- The Future Development of Increasing Use of Green and Sustainable Shotcrete Mixes: Future shots, cuts, and other applications will be included even more with sustainable materials, such as recycled aggregates and supplementary cementitious materials, into their shotcrete formulization. With the growing demand for green construction materials, these eco-friendly shotrete mixes are expected to offer an avenue for emissions reduction toward carbon neutrality, without infringing on efforts by the industry to maintain sustainable and eco-conscious building practices.
- Technology Developments of Shotcrete Materials for High-Performance Applications: Future trends will further look at improving the properties required for high-performance shotcrete for instance, its tensile strength, curing time, as it pertains to the respective rigorous environmental conditions. These innovations will meet the demand that has emerged to use specialized applications, for example, in extreme weather conditions, seismically active regions, and high-traffic infrastructure.
- Shotcrete Expansion in Tunnel Rehabilitation Projects: As the years pass, the existing infrastructure continues to be aged, and as a result, so will the tunnel rehabilitation projects which also increase the demand for shotcrete. Shotcrete is the one most fitted in restoring structural integrity for tunnels and underground facilities. The growing trend of repair and strengthening of aging tunnels through shotcrete will advance momentously in market growth across the next years.
- Growth Opportunities in Emerging Economies: The Asia-Pacific region, the Middle East, and Africa present good, expanding markets for the shotcrete industry. With large investments in infrastructure such as tunnels, bridges, and highways, the demand for shotcrete will be very likely to increase in these areas. This modernization of infrastructure makes ways for the many applications of shotcrete in different parts of construction.
- Shotcrete for Sustainable Water Infrastructure Projects: Water management systems today are being developed to meet an increasing demand for efficiency in their performance. Consequently, it will enable shotcrete to be used for such water infrastructures as reservoirs, canals, and dams. Offering the potential to produce long-lasting and waterproof structures, shotcrete is ideally suited for applications where these two factors are vital, creating a new niche market for this material.
- Using It in Landscaping and Swimming Pool Construction: Shotcrete has bright potential in landscape architecture and pool construction thanks to its versatility and custom-mold capabilities. With the double advent of luxury and personalized residential projects, shotcrete presents the opportunity to serve the growing market for decorative and practical outdoor spaces.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Shotcrete 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 Shotcrete Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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
The Shotcrete Market is estimated to witness a CAGR of 7% from 2023 to 2031
Growing infrastructure projects is a key driver in the market
Sika AG, ACS Group, BASF SE, Heidelberg Cement, GCP Applied Technologies, US Concrete, Cemex S.A.B. De C.V., Lafarge Holcim Ltd, The Euclid Chemical Company, and Lkab Berg and Betong AB are some of the key players in the market.
The wet mix process segment accounted for the largest market share in 2023
The Asia Pacific market is expected to account for the highest CAGR during the forecast period, owing to the growing infrastructure developments industry in the region.
Rising tunnel construction is an emerging trend in the market.
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 Shotcrete Market - By Technique
1.3.2 Shotcrete Market - By Application
1.3.3 Shotcrete Market - By System
1.3.4 Shotcrete Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SHOTCRETE 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. EXPERT OPINIONS
5. SHOTCRETE 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. SHOTCRETE MARKET - GLOBAL MARKET ANALYSIS
6.1. SHOTCRETE - GLOBAL MARKET OVERVIEW
6.2. SHOTCRETE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SHOTCRETE MARKET - REVENUE AND FORECASTS TO 2028 - TECHNIQUE
7.1. OVERVIEW
7.2. TECHNIQUE MARKET FORECASTS AND ANALYSIS
7.3. WET MIX
7.3.1. Overview
7.3.2. Wet Mix Market Forecast and Analysis
7.4. DRY MIX
7.4.1. Overview
7.4.2. Dry Mix Market Forecast and Analysis
8. SHOTCRETE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. WATER SOLUBLE
8.3.1. Overview
8.3.2. Water Soluble Market Forecast and Analysis
8.4. OIL SOLUBLE
8.4.1. Overview
8.4.2. Oil Soluble Market Forecast and Analysis
9. SHOTCRETE MARKET - REVENUE AND FORECASTS TO 2028 - SYSTEM
9.1. OVERVIEW
9.2. SYSTEM MARKET FORECASTS AND ANALYSIS
9.3. MANUAL SPRAYING
9.3.1. Overview
9.3.2. Manual Spraying Market Forecast and Analysis
9.4. ROBOTIC SPRAYING
9.4.1. Overview
9.4.2. Robotic Spraying Market Forecast and Analysis
10. SHOTCRETE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Shotcrete Market Overview
10.1.2 North America Shotcrete Market Forecasts and Analysis
10.1.3 North America Shotcrete Market Forecasts and Analysis - By Technique
10.1.4 North America Shotcrete Market Forecasts and Analysis - By Application
10.1.5 North America Shotcrete Market Forecasts and Analysis - By System
10.1.6 North America Shotcrete Market Forecasts and Analysis - By Countries
10.1.6.1 United States Shotcrete Market
10.1.6.1.1 United States Shotcrete Market by Technique
10.1.6.1.2 United States Shotcrete Market by Application
10.1.6.1.3 United States Shotcrete Market by System
10.1.6.2 Canada Shotcrete Market
10.1.6.2.1 Canada Shotcrete Market by Technique
10.1.6.2.2 Canada Shotcrete Market by Application
10.1.6.2.3 Canada Shotcrete Market by System
10.1.6.3 Mexico Shotcrete Market
10.1.6.3.1 Mexico Shotcrete Market by Technique
10.1.6.3.2 Mexico Shotcrete Market by Application
10.1.6.3.3 Mexico Shotcrete Market by System
10.2. EUROPE
10.2.1 Europe Shotcrete Market Overview
10.2.2 Europe Shotcrete Market Forecasts and Analysis
10.2.3 Europe Shotcrete Market Forecasts and Analysis - By Technique
10.2.4 Europe Shotcrete Market Forecasts and Analysis - By Application
10.2.5 Europe Shotcrete Market Forecasts and Analysis - By System
10.2.6 Europe Shotcrete Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Shotcrete Market
10.2.6.1.1 Germany Shotcrete Market by Technique
10.2.6.1.2 Germany Shotcrete Market by Application
10.2.6.1.3 Germany Shotcrete Market by System
10.2.6.2 France Shotcrete Market
10.2.6.2.1 France Shotcrete Market by Technique
10.2.6.2.2 France Shotcrete Market by Application
10.2.6.2.3 France Shotcrete Market by System
10.2.6.3 Italy Shotcrete Market
10.2.6.3.1 Italy Shotcrete Market by Technique
10.2.6.3.2 Italy Shotcrete Market by Application
10.2.6.3.3 Italy Shotcrete Market by System
10.2.6.4 United Kingdom Shotcrete Market
10.2.6.4.1 United Kingdom Shotcrete Market by Technique
10.2.6.4.2 United Kingdom Shotcrete Market by Application
10.2.6.4.3 United Kingdom Shotcrete Market by System
10.2.6.5 Rest of Europe Shotcrete Market
10.2.6.5.1 Rest of Europe Shotcrete Market by Technique
10.2.6.5.2 Rest of Europe Shotcrete Market by Application
10.2.6.5.3 Rest of Europe Shotcrete Market by System
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Shotcrete Market Overview
10.3.2 Asia-Pacific Shotcrete Market Forecasts and Analysis
10.3.3 Asia-Pacific Shotcrete Market Forecasts and Analysis - By Technique
10.3.4 Asia-Pacific Shotcrete Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Shotcrete Market Forecasts and Analysis - By System
10.3.6 Asia-Pacific Shotcrete Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Shotcrete Market
10.3.6.1.1 Australia Shotcrete Market by Technique
10.3.6.1.2 Australia Shotcrete Market by Application
10.3.6.1.3 Australia Shotcrete Market by System
10.3.6.2 China Shotcrete Market
10.3.6.2.1 China Shotcrete Market by Technique
10.3.6.2.2 China Shotcrete Market by Application
10.3.6.2.3 China Shotcrete Market by System
10.3.6.3 India Shotcrete Market
10.3.6.3.1 India Shotcrete Market by Technique
10.3.6.3.2 India Shotcrete Market by Application
10.3.6.3.3 India Shotcrete Market by System
10.3.6.4 Japan Shotcrete Market
10.3.6.4.1 Japan Shotcrete Market by Technique
10.3.6.4.2 Japan Shotcrete Market by Application
10.3.6.4.3 Japan Shotcrete Market by System
10.3.6.5 South Korea Shotcrete Market
10.3.6.5.1 South Korea Shotcrete Market by Technique
10.3.6.5.2 South Korea Shotcrete Market by Application
10.3.6.5.3 South Korea Shotcrete Market by System
10.3.6.6 Rest of Asia-Pacific Shotcrete Market
10.3.6.6.1 Rest of Asia-Pacific Shotcrete Market by Technique
10.3.6.6.2 Rest of Asia-Pacific Shotcrete Market by Application
10.3.6.6.3 Rest of Asia-Pacific Shotcrete Market by System
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Shotcrete Market Overview
10.4.2 Middle East and Africa Shotcrete Market Forecasts and Analysis
10.4.3 Middle East and Africa Shotcrete Market Forecasts and Analysis - By Technique
10.4.4 Middle East and Africa Shotcrete Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Shotcrete Market Forecasts and Analysis - By System
10.4.6 Middle East and Africa Shotcrete Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Shotcrete Market
10.4.6.1.1 South Africa Shotcrete Market by Technique
10.4.6.1.2 South Africa Shotcrete Market by Application
10.4.6.1.3 South Africa Shotcrete Market by System
10.4.6.2 Saudi Arabia Shotcrete Market
10.4.6.2.1 Saudi Arabia Shotcrete Market by Technique
10.4.6.2.2 Saudi Arabia Shotcrete Market by Application
10.4.6.2.3 Saudi Arabia Shotcrete Market by System
10.4.6.3 U.A.E Shotcrete Market
10.4.6.3.1 U.A.E Shotcrete Market by Technique
10.4.6.3.2 U.A.E Shotcrete Market by Application
10.4.6.3.3 U.A.E Shotcrete Market by System
10.4.6.4 Rest of Middle East and Africa Shotcrete Market
10.4.6.4.1 Rest of Middle East and Africa Shotcrete Market by Technique
10.4.6.4.2 Rest of Middle East and Africa Shotcrete Market by Application
10.4.6.4.3 Rest of Middle East and Africa Shotcrete Market by System
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Shotcrete Market Overview
10.5.2 South and Central America Shotcrete Market Forecasts and Analysis
10.5.3 South and Central America Shotcrete Market Forecasts and Analysis - By Technique
10.5.4 South and Central America Shotcrete Market Forecasts and Analysis - By Application
10.5.5 South and Central America Shotcrete Market Forecasts and Analysis - By System
10.5.6 South and Central America Shotcrete Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Shotcrete Market
10.5.6.1.1 Brazil Shotcrete Market by Technique
10.5.6.1.2 Brazil Shotcrete Market by Application
10.5.6.1.3 Brazil Shotcrete Market by System
10.5.6.2 Argentina Shotcrete Market
10.5.6.2.1 Argentina Shotcrete Market by Technique
10.5.6.2.2 Argentina Shotcrete Market by Application
10.5.6.2.3 Argentina Shotcrete Market by System
10.5.6.3 Rest of South and Central America Shotcrete Market
10.5.6.3.1 Rest of South and Central America Shotcrete Market by Technique
10.5.6.3.2 Rest of South and Central America Shotcrete Market by Application
10.5.6.3.3 Rest of South and Central America Shotcrete Market by System
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. SHOTCRETE MARKET, KEY COMPANY PROFILES
12.1. ACS GROUP
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. BASF SE
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. CEMEX S.A.B. DE C.V.
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. GCP APPLIED TECHNOLOGIES INC.
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. HEIDELBERGCEMENT AG
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. LAFARGEHOLCIM
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. MAPEI S.P.A.
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. NORMET
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. SIKA 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. U.S. CONCRETE, INC.
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
The List of Companies
1. ACS Group
2. BASF SE
3. CEMEX S.A.B. de C.V.
4. GCP Applied Technologies Inc.
5. HeidelbergCement AG
6. LafargeHolcim
7. MAPEI S.p.A.
8. Normet
9. Sika AG
10. U.S. Concrete, Inc.
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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