Snorkeling Equipment Market Share, Size, Trends, and Forecast by 2031

Coverage: Snorkeling Equipment Market covers analysis By Product (Snorkels, Snorkeling Masks, Snorkeling Fins); Distribution Channel (Sports and Specialty Stores, Online, Rentals, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00010636
  • Category : Manufacturing and Construction
  • No. of Pages : 150
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MARKET INTRODUCTION

Snorkeling is similar to swimming, except it requires the use of special equipment to breathe underwater. A snorkel (a curved plastic tube used for breathing), a mask (to protect the nose and face from water), and diving fins are the three fundamental pieces of snorkeling equipment (wear on the feet to swim deep levels). Snorkeling requires less gear than scuba diving. It is swimming on the water's surface, with its head and nose submerged. Divers can take a variety of training courses to learn about snorkeling equipment and swimming techniques. Snorkeling is a popular activity in areas with clean, warm waters.

MARKET SCOPE

The "Global snorkeling equipment Market Analysis to 2031" is a specialized and in-depth study of the snorkeling equipment Market with a special focus on the global market trend analysis. The report aims to provide an overview of snorkeling equipment market with detailed market segmentation by product and distribution channel. The global snorkeling equipment market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading snorkeling equipment market player and offers key trends and opportunities in the snorkeling equipment market.

MARKET SEGMENTATION

  •   Based on product the market is segmented as, snorkels, snorkeling masks, snorkeling fins.
  •   Further, based on distribution channel the market is segmented as, sports and specialty stores, online, rentals, others.

    MARKET DYNAMICS

    Drivers

    •   Increasing water sports activities, rising disposable incomes and growth in coastal tourism are all expected to boost market growth during the forecast period.
    •   Wide range of availability for advanced equipment.
    •   High demand for water activities like, scuba, snorkeling, swimming are likely to fuel market growth during the forecast period.

    Restraints

    •   Snorkeling activities are not done on all coastal areas which is likely to hinder market growth along with rising pollution in ocean is expected to restrain market growth during the forecast period.

    REGIONAL FRAMEWORK

    The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global snorkeling equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The snorkeling equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

    The report analyzes factors affecting snorkeling equipment Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the snorkeling equipment market in these regions.

    IMPACT OF COVID-19 ON SNORKELING EQUIPMENT 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.

    World Geography

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    MARKET PLAYERS


    The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global snorkeling equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The snorkeling equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

    The report analyzes factors affecting snorkeling equipment Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the snorkeling equipment market in these regions.

    IMPACT OF COVID-19 ON SNORKELING EQUIPMENT 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 reports cover key developments in the snorkeling equipment 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 market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from snorkeling equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for snorkeling equipment market. Below mentioned is the list of few companies engaged in the snorkeling equipment market.

    The report also includes the profiles of key snorkeling equipment market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

    •   Apollo Sports
    •   Aqua Lung International
    •   Beuchat International
    •   Cressi
    •   H2Odyssey
    •   Johnson Outdoors Inc.
    •   Mares S.p.A
    •   Poseidon Diving Systems AB
    •   Poseidon Diving Systems AB
    •   Sherwood Scuba

    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
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    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 Snorkeling Equipment Market - By Product
    1.3.2 Snorkeling Equipment Market - By Distribution Channel
    1.3.3 Snorkeling Equipment Market - By Region
    1.3.3.1 By Country

    2. KEY TAKEAWAYS

    3. RESEARCH METHODOLOGY

    4. SNORKELING EQUIPMENT 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. SNORKELING EQUIPMENT 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. SNORKELING EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
    6.1. SNORKELING EQUIPMENT - GLOBAL MARKET OVERVIEW
    6.2. SNORKELING EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
    6.3. MARKET POSITIONING/MARKET SHARE

    7. SNORKELING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
    7.1. OVERVIEW
    7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
    7.3. SNORKELS
    7.3.1. Overview
    7.3.2. Snorkels Market Forecast and Analysis
    7.4. SNORKELING MASKS
    7.4.1. Overview
    7.4.2. Snorkeling Masks Market Forecast and Analysis
    7.5. SNORKELING FINS
    7.5.1. Overview
    7.5.2. Snorkeling Fins Market Forecast and Analysis
    8. SNORKELING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
    8.1. OVERVIEW
    8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
    8.3. SPORTS AND SPECIALTY STORES
    8.3.1. Overview
    8.3.2. Sports and Specialty Stores Market Forecast and Analysis
    8.4. ONLINE
    8.4.1. Overview
    8.4.2. Online Market Forecast and Analysis
    8.5. RENTALS
    8.5.1. Overview
    8.5.2. Rentals Market Forecast and Analysis
    8.6. OTHERS
    8.6.1. Overview
    8.6.2. Others Market Forecast and Analysis

    9. SNORKELING EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
    9.1. NORTH AMERICA
    9.1.1 North America Snorkeling Equipment Market Overview
    9.1.2 North America Snorkeling Equipment Market Forecasts and Analysis
    9.1.3 North America Snorkeling Equipment Market Forecasts and Analysis - By Product
    9.1.4 North America Snorkeling Equipment Market Forecasts and Analysis - By Distribution Channel
    9.1.5 North America Snorkeling Equipment Market Forecasts and Analysis - By Countries
    9.1.5.1 United States Snorkeling Equipment Market
    9.1.5.1.1 United States Snorkeling Equipment Market by Product
    9.1.5.1.2 United States Snorkeling Equipment Market by Distribution Channel
    9.1.5.2 Canada Snorkeling Equipment Market
    9.1.5.2.1 Canada Snorkeling Equipment Market by Product
    9.1.5.2.2 Canada Snorkeling Equipment Market by Distribution Channel
    9.1.5.3 Mexico Snorkeling Equipment Market
    9.1.5.3.1 Mexico Snorkeling Equipment Market by Product
    9.1.5.3.2 Mexico Snorkeling Equipment Market by Distribution Channel
    9.2. EUROPE
    9.2.1 Europe Snorkeling Equipment Market Overview
    9.2.2 Europe Snorkeling Equipment Market Forecasts and Analysis
    9.2.3 Europe Snorkeling Equipment Market Forecasts and Analysis - By Product
    9.2.4 Europe Snorkeling Equipment Market Forecasts and Analysis - By Distribution Channel
    9.2.5 Europe Snorkeling Equipment Market Forecasts and Analysis - By Countries
    9.2.5.1 Germany Snorkeling Equipment Market
    9.2.5.1.1 Germany Snorkeling Equipment Market by Product
    9.2.5.1.2 Germany Snorkeling Equipment Market by Distribution Channel
    9.2.5.2 France Snorkeling Equipment Market
    9.2.5.2.1 France Snorkeling Equipment Market by Product
    9.2.5.2.2 France Snorkeling Equipment Market by Distribution Channel
    9.2.5.3 Italy Snorkeling Equipment Market
    9.2.5.3.1 Italy Snorkeling Equipment Market by Product
    9.2.5.3.2 Italy Snorkeling Equipment Market by Distribution Channel
    9.2.5.4 United Kingdom Snorkeling Equipment Market
    9.2.5.4.1 United Kingdom Snorkeling Equipment Market by Product
    9.2.5.4.2 United Kingdom Snorkeling Equipment Market by Distribution Channel
    9.2.5.5 Russia Snorkeling Equipment Market
    9.2.5.5.1 Russia Snorkeling Equipment Market by Product
    9.2.5.5.2 Russia Snorkeling Equipment Market by Distribution Channel
    9.2.5.6 Rest of Europe Snorkeling Equipment Market
    9.2.5.6.1 Rest of Europe Snorkeling Equipment Market by Product
    9.2.5.6.2 Rest of Europe Snorkeling Equipment Market by Distribution Channel
    9.3. ASIA-PACIFIC
    9.3.1 Asia-Pacific Snorkeling Equipment Market Overview
    9.3.2 Asia-Pacific Snorkeling Equipment Market Forecasts and Analysis
    9.3.3 Asia-Pacific Snorkeling Equipment Market Forecasts and Analysis - By Product
    9.3.4 Asia-Pacific Snorkeling Equipment Market Forecasts and Analysis - By Distribution Channel
    9.3.5 Asia-Pacific Snorkeling Equipment Market Forecasts and Analysis - By Countries
    9.3.5.1 Australia Snorkeling Equipment Market
    9.3.5.1.1 Australia Snorkeling Equipment Market by Product
    9.3.5.1.2 Australia Snorkeling Equipment Market by Distribution Channel
    9.3.5.2 China Snorkeling Equipment Market
    9.3.5.2.1 China Snorkeling Equipment Market by Product
    9.3.5.2.2 China Snorkeling Equipment Market by Distribution Channel
    9.3.5.3 India Snorkeling Equipment Market
    9.3.5.3.1 India Snorkeling Equipment Market by Product
    9.3.5.3.2 India Snorkeling Equipment Market by Distribution Channel
    9.3.5.4 Japan Snorkeling Equipment Market
    9.3.5.4.1 Japan Snorkeling Equipment Market by Product
    9.3.5.4.2 Japan Snorkeling Equipment Market by Distribution Channel
    9.3.5.5 South Korea Snorkeling Equipment Market
    9.3.5.5.1 South Korea Snorkeling Equipment Market by Product
    9.3.5.5.2 South Korea Snorkeling Equipment Market by Distribution Channel
    9.3.5.6 Rest of Asia-Pacific Snorkeling Equipment Market
    9.3.5.6.1 Rest of Asia-Pacific Snorkeling Equipment Market by Product
    9.3.5.6.2 Rest of Asia-Pacific Snorkeling Equipment Market by Distribution Channel
    9.4. MIDDLE EAST AND AFRICA
    9.4.1 Middle East and Africa Snorkeling Equipment Market Overview
    9.4.2 Middle East and Africa Snorkeling Equipment Market Forecasts and Analysis
    9.4.3 Middle East and Africa Snorkeling Equipment Market Forecasts and Analysis - By Product
    9.4.4 Middle East and Africa Snorkeling Equipment Market Forecasts and Analysis - By Distribution Channel
    9.4.5 Middle East and Africa Snorkeling Equipment Market Forecasts and Analysis - By Countries
    9.4.5.1 South Africa Snorkeling Equipment Market
    9.4.5.1.1 South Africa Snorkeling Equipment Market by Product
    9.4.5.1.2 South Africa Snorkeling Equipment Market by Distribution Channel
    9.4.5.2 Saudi Arabia Snorkeling Equipment Market
    9.4.5.2.1 Saudi Arabia Snorkeling Equipment Market by Product
    9.4.5.2.2 Saudi Arabia Snorkeling Equipment Market by Distribution Channel
    9.4.5.3 U.A.E Snorkeling Equipment Market
    9.4.5.3.1 U.A.E Snorkeling Equipment Market by Product
    9.4.5.3.2 U.A.E Snorkeling Equipment Market by Distribution Channel
    9.4.5.4 Rest of Middle East and Africa Snorkeling Equipment Market
    9.4.5.4.1 Rest of Middle East and Africa Snorkeling Equipment Market by Product
    9.4.5.4.2 Rest of Middle East and Africa Snorkeling Equipment Market by Distribution Channel
    9.5. SOUTH AND CENTRAL AMERICA
    9.5.1 South and Central America Snorkeling Equipment Market Overview
    9.5.2 South and Central America Snorkeling Equipment Market Forecasts and Analysis
    9.5.3 South and Central America Snorkeling Equipment Market Forecasts and Analysis - By Product
    9.5.4 South and Central America Snorkeling Equipment Market Forecasts and Analysis - By Distribution Channel
    9.5.5 South and Central America Snorkeling Equipment Market Forecasts and Analysis - By Countries
    9.5.5.1 Brazil Snorkeling Equipment Market
    9.5.5.1.1 Brazil Snorkeling Equipment Market by Product
    9.5.5.1.2 Brazil Snorkeling Equipment Market by Distribution Channel
    9.5.5.2 Argentina Snorkeling Equipment Market
    9.5.5.2.1 Argentina Snorkeling Equipment Market by Product
    9.5.5.2.2 Argentina Snorkeling Equipment Market by Distribution Channel
    9.5.5.3 Rest of South and Central America Snorkeling Equipment Market
    9.5.5.3.1 Rest of South and Central America Snorkeling Equipment Market by Product
    9.5.5.3.2 Rest of South and Central America Snorkeling Equipment Market by Distribution Channel

    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. SNORKELING EQUIPMENT MARKET , KEY COMPANY PROFILES
    11.1. APOLLO SPORTS
    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. AQUA LUNG INTERNATIONAL
    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. BEUCHAT INTERNATIONAL
    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. CRESSI
    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. H2ODYSSEY
    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. JOHNSON OUTDOORS INC.
    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. MARES S.P.A
    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. POSEIDON DIVING SYSTEMS AB
    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. SEAVENGER
    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. SHERWOOD SCUBA
    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. Apollo Sports
    2. Aqua Lung International
    3. Beuchat International
    4. Cressi
    5. H2Odyssey
    6. Johnson Outdoors Inc.
    7. Mares S.p.A
    8. Poseidon Diving Systems AB
    9. Seavenger
    10. Sherwood Scuba

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. 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.

    1. 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:

    Research Methodology

    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.

    1. 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.

    1. 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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