The Super Abrasive Market is expected to register a CAGR of 6% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by material (cubic boron nitride, diamond). The report further presents analysis based on end-use industry (aerospace, automotive, medical, electronics, oil and gas, wood, metal working, others). Global analysis is further broken-down at regional level and major countries. In terms of geography, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). The report offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Super Abrasive 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.
Super Abrasive Market Segmentation
Material- Cubic Boron Nitride
- Diamond
- Aerospace
- Automotive
- Medical
- Electronics
- Oil and Gas
- Wood
- Metal Working
Strategic Insights
Super Abrasive Market Growth Drivers- Rising Demand in Automotive and Aerospace Industries: The super abrasive market is driven by the increasing demand for high-precision machining in the automotive and aerospace sectors. Super abrasives like cubic boron nitride (CBN) and diamond are crucial for manufacturing components with stringent tolerances, ensuring enhanced performance and durability in these industries.
- Technological Advancements in Manufacturing: The continuous advancements in manufacturing technologies, such as computer numerical control (CNC) machines, are driving the demand for super abrasives. These materials are essential for achieving superior surface finishes and high precision in industries like metalworking, electronics, and tool manufacturing, boosting the growth of the super abrasive market.
- Growth in Metalworking and Machinery Industry: The expanding metalworking and machinery sectors contribute significantly to the super abrasive market. With the increasing need for cutting, grinding, and polishing metals and hard materials, super abrasives like diamond and CBN are essential for achieving high-performance and efficient machining, driving market demand.
- Shift Towards Green and Sustainable Abrasives: There is a growing trend in the super abrasive market toward environmentally friendly and sustainable materials. Manufacturers are focusing on developing abrasives that produce less dust, reduce waste, and are made from recyclable materials, aligning with global sustainability goals and reducing environmental impact.
- Increased Demand for Precision Grinding: As industries require more precise and intricate machining, the demand for super abrasives is rising. Applications in aerospace, automotive, and electronics are driving the need for abrasives that provide exceptional precision, smooth finishes, and high efficiency in grinding, polishing, and cutting applications.
- Advancements in Nanotechnology and Super Abrasives: The integration of nanotechnology with super abrasives is emerging as a key trend. By improving the performance and efficiency of super abrasives, nanotechnology is enabling more precise cutting and grinding, offering better results in the manufacturing of advanced materials and micro-components, driving innovation in the market.
- Expansion in Emerging Economies: The super abrasive market presents growth opportunities in emerging economies, where industrialization and manufacturing are rapidly advancing. Increased demand for high-performance materials in sectors such as automotive, aerospace, and construction provides an expanding market for super abrasives, particularly in regions like Asia-Pacific and Latin America.
- Demand for Electric Vehicle (EV) Components: The rise of electric vehicles offers an opportunity for super abrasives in the production of high-precision components like motors, batteries, and gears. Super abrasives are essential for manufacturing parts with strict tolerances and smooth surfaces, meeting the growing demand for advanced EV technology.
- Advancements in Medical Device Manufacturing: Super abrasives offer opportunities in the growing medical device sector. With the demand for highly precise and intricate medical instruments increasing, super abrasives are vital in producing components with tight tolerances, fine finishes, and high durability, supporting the expansion of advanced healthcare technologies and medical devices.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Super Abrasive 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 Super Abrasive 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
This text is related
to country scope.
Frequently Asked Questions
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Based on geography, North America held the largest share of the super abrasive market.
Super abrasives provide the necessary durability, sharpness, and consistency for cutting and shaping hard materials to tight tolerances, driving their adoption.
On the basis of geography, the super abrasive market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
3M Company, Action SuperAbrasive, Asahi Diamond Industrial Europe S.A.S., Eagles Superabrasives, Hongtuo Superhard, Krebs and Riedel, Kure Grinding Wheel, Mirka Ltd., Saint Gobain Super Abrasives are the key players operating in the super abrasive market.
The Super Abrasive Market is estimated to witness a CAGR of 6% from 2023 to 2031
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Super Abrasive Market - By Material Type
1.3.2Super Abrasive Market - By End-user Industry
1.3.3Super Abrasive Market - By Application
1.3.4Super Abrasive Market - By Region
1.3.4.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.SUPER ABRASIVE 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.EXPERT OPINIONS
5.SUPER ABRASIVE 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.SUPER ABRASIVE MARKET - GLOBAL MARKET ANALYSIS
6.1.SUPER ABRASIVE - GLOBAL MARKET OVERVIEW
6.2.SUPER ABRASIVE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.SUPER ABRASIVE MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL TYPE
7.1.OVERVIEW
7.2.MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
7.3.DIAMOND
7.3.1.Overview
7.3.2.Diamond Market Forecast and Analysis
7.4.CUBIC BORON NITRIDE (CBN)
7.4.1.Overview
7.4.2.Cubic Boron Nitride (CBN) Market Forecast and Analysis
8.SUPER ABRASIVE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
8.1.OVERVIEW
8.2.END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3.CONSTRUCTION
8.3.1.Overview
8.3.2.Construction Market Forecast and Analysis
8.4.TRANSPORTATION
8.4.1.Overview
8.4.2.Transportation Market Forecast and Analysis
8.5.OIL AND GAS
8.5.1.Overview
8.5.2.Oil and gas Market Forecast and Analysis
8.6.ELECTRICAL AND ELECTRONICS
8.6.1.Overview
8.6.2.Electrical and electronics Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.SUPER ABRASIVE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.POWERTRAIN
9.3.1.Overview
9.3.2.Powertrain Market Forecast and Analysis
9.4.BEARING
9.4.1.Overview
9.4.2.Bearing Market Forecast and Analysis
9.5.GEAR
9.5.1.Overview
9.5.2.Gear Market Forecast and Analysis
9.6.TOOL GRINDING
9.6.1.Overview
9.6.2.Tool Grinding Market Forecast and Analysis
9.7.TURBINE
9.7.1.Overview
9.7.2.Turbine Market Forecast and Analysis
9.8.OTHER APPLICATIONS
9.8.1.Overview
9.8.2.Other Applications Market Forecast and Analysis
10.SUPER ABRASIVE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Super Abrasive Market Overview
10.1.2North America Super Abrasive Market Forecasts and Analysis
10.1.3North America Super Abrasive Market Forecasts and Analysis - By Material Type
10.1.4North America Super Abrasive Market Forecasts and Analysis - By End-user Industry
10.1.5North America Super Abrasive Market Forecasts and Analysis - By Application
10.1.6North America Super Abrasive Market Forecasts and Analysis - By Countries
10.1.6.1United States Super Abrasive Market
10.1.6.1.1United States Super Abrasive Market by Material Type
10.1.6.1.2United States Super Abrasive Market by End-user Industry
10.1.6.1.3United States Super Abrasive Market by Application
10.1.6.2Canada Super Abrasive Market
10.1.6.2.1Canada Super Abrasive Market by Material Type
10.1.6.2.2Canada Super Abrasive Market by End-user Industry
10.1.6.2.3Canada Super Abrasive Market by Application
10.1.6.3Mexico Super Abrasive Market
10.1.6.3.1Mexico Super Abrasive Market by Material Type
10.1.6.3.2Mexico Super Abrasive Market by End-user Industry
10.1.6.3.3Mexico Super Abrasive Market by Application
10.2.EUROPE
10.2.1Europe Super Abrasive Market Overview
10.2.2Europe Super Abrasive Market Forecasts and Analysis
10.2.3Europe Super Abrasive Market Forecasts and Analysis - By Material Type
10.2.4Europe Super Abrasive Market Forecasts and Analysis - By End-user Industry
10.2.5Europe Super Abrasive Market Forecasts and Analysis - By Application
10.2.6Europe Super Abrasive Market Forecasts and Analysis - By Countries
10.2.6.1Germany Super Abrasive Market
10.2.6.1.1Germany Super Abrasive Market by Material Type
10.2.6.1.2Germany Super Abrasive Market by End-user Industry
10.2.6.1.3Germany Super Abrasive Market by Application
10.2.6.2France Super Abrasive Market
10.2.6.2.1France Super Abrasive Market by Material Type
10.2.6.2.2France Super Abrasive Market by End-user Industry
10.2.6.2.3France Super Abrasive Market by Application
10.2.6.3Italy Super Abrasive Market
10.2.6.3.1Italy Super Abrasive Market by Material Type
10.2.6.3.2Italy Super Abrasive Market by End-user Industry
10.2.6.3.3Italy Super Abrasive Market by Application
10.2.6.4United Kingdom Super Abrasive Market
10.2.6.4.1United Kingdom Super Abrasive Market by Material Type
10.2.6.4.2United Kingdom Super Abrasive Market by End-user Industry
10.2.6.4.3United Kingdom Super Abrasive Market by Application
10.2.6.5Russia Super Abrasive Market
10.2.6.5.1Russia Super Abrasive Market by Material Type
10.2.6.5.2Russia Super Abrasive Market by End-user Industry
10.2.6.5.3Russia Super Abrasive Market by Application
10.2.6.6Rest of Europe Super Abrasive Market
10.2.6.6.1Rest of Europe Super Abrasive Market by Material Type
10.2.6.6.2Rest of Europe Super Abrasive Market by End-user Industry
10.2.6.6.3Rest of Europe Super Abrasive Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Super Abrasive Market Overview
10.3.2Asia-Pacific Super Abrasive Market Forecasts and Analysis
10.3.3Asia-Pacific Super Abrasive Market Forecasts and Analysis - By Material Type
10.3.4Asia-Pacific Super Abrasive Market Forecasts and Analysis - By End-user Industry
10.3.5Asia-Pacific Super Abrasive Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Super Abrasive Market Forecasts and Analysis - By Countries
10.3.6.1Australia Super Abrasive Market
10.3.6.1.1Australia Super Abrasive Market by Material Type
10.3.6.1.2Australia Super Abrasive Market by End-user Industry
10.3.6.1.3Australia Super Abrasive Market by Application
10.3.6.2China Super Abrasive Market
10.3.6.2.1China Super Abrasive Market by Material Type
10.3.6.2.2China Super Abrasive Market by End-user Industry
10.3.6.2.3China Super Abrasive Market by Application
10.3.6.3India Super Abrasive Market
10.3.6.3.1India Super Abrasive Market by Material Type
10.3.6.3.2India Super Abrasive Market by End-user Industry
10.3.6.3.3India Super Abrasive Market by Application
10.3.6.4Japan Super Abrasive Market
10.3.6.4.1Japan Super Abrasive Market by Material Type
10.3.6.4.2Japan Super Abrasive Market by End-user Industry
10.3.6.4.3Japan Super Abrasive Market by Application
10.3.6.5South Korea Super Abrasive Market
10.3.6.5.1South Korea Super Abrasive Market by Material Type
10.3.6.5.2South Korea Super Abrasive Market by End-user Industry
10.3.6.5.3South Korea Super Abrasive Market by Application
10.3.6.6Rest of Asia-Pacific Super Abrasive Market
10.3.6.6.1Rest of Asia-Pacific Super Abrasive Market by Material Type
10.3.6.6.2Rest of Asia-Pacific Super Abrasive Market by End-user Industry
10.3.6.6.3Rest of Asia-Pacific Super Abrasive Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Super Abrasive Market Overview
10.4.2Middle East and Africa Super Abrasive Market Forecasts and Analysis
10.4.3Middle East and Africa Super Abrasive Market Forecasts and Analysis - By Material Type
10.4.4Middle East and Africa Super Abrasive Market Forecasts and Analysis - By End-user Industry
10.4.5Middle East and Africa Super Abrasive Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Super Abrasive Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Super Abrasive Market
10.4.6.1.1South Africa Super Abrasive Market by Material Type
10.4.6.1.2South Africa Super Abrasive Market by End-user Industry
10.4.6.1.3South Africa Super Abrasive Market by Application
10.4.6.2Saudi Arabia Super Abrasive Market
10.4.6.2.1Saudi Arabia Super Abrasive Market by Material Type
10.4.6.2.2Saudi Arabia Super Abrasive Market by End-user Industry
10.4.6.2.3Saudi Arabia Super Abrasive Market by Application
10.4.6.3U.A.E Super Abrasive Market
10.4.6.3.1U.A.E Super Abrasive Market by Material Type
10.4.6.3.2U.A.E Super Abrasive Market by End-user Industry
10.4.6.3.3U.A.E Super Abrasive Market by Application
10.4.6.4Rest of Middle East and Africa Super Abrasive Market
10.4.6.4.1Rest of Middle East and Africa Super Abrasive Market by Material Type
10.4.6.4.2Rest of Middle East and Africa Super Abrasive Market by End-user Industry
10.4.6.4.3Rest of Middle East and Africa Super Abrasive Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Super Abrasive Market Overview
10.5.2South and Central America Super Abrasive Market Forecasts and Analysis
10.5.3South and Central America Super Abrasive Market Forecasts and Analysis - By Material Type
10.5.4South and Central America Super Abrasive Market Forecasts and Analysis - By End-user Industry
10.5.5South and Central America Super Abrasive Market Forecasts and Analysis - By Application
10.5.6South and Central America Super Abrasive Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Super Abrasive Market
10.5.6.1.1Brazil Super Abrasive Market by Material Type
10.5.6.1.2Brazil Super Abrasive Market by End-user Industry
10.5.6.1.3Brazil Super Abrasive Market by Application
10.5.6.2Argentina Super Abrasive Market
10.5.6.2.1Argentina Super Abrasive Market by Material Type
10.5.6.2.2Argentina Super Abrasive Market by End-user Industry
10.5.6.2.3Argentina Super Abrasive Market by Application
10.5.6.3Rest of South and Central America Super Abrasive Market
10.5.6.3.1Rest of South and Central America Super Abrasive Market by Material Type
10.5.6.3.2Rest of South and Central America Super Abrasive Market by End-user Industry
10.5.6.3.3Rest of South and Central America Super Abrasive 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.SUPER ABRASIVE MARKET, KEY COMPANY PROFILES
12.1.3M 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.ACTION SUPERABRASIVE
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.ASAHI DIAMOND INDUSTRIAL EUROPE S.A.S.
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.EAGLES SUPERABRASIVES
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.HONGTUO SUPERHARD
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.KREBS AND RIEDEL
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.KURE GRINDING WHEEL
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.MIRKA LTD.
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.SAINT GOBAIN
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.SUPER ABRASIVES
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. 3M Company2. Action SuperAbrasive3. Asahi Diamond Industrial Europe S.A.S.4. Eagles Superabrasives5. Hongtuo Superhard6. Krebs and Riedel7. Kure Grinding Wheel8. Mirka Ltd.9. Saint Gobain10. Super Abrasives
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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