Superalloys Market Strategies and Share 2031
Superalloys are also known as high-temperature alloys that maintain their strength and toughness at elevated temperatures. These alloys have great mechanical strength, creep resistance, significant surface stability, and high temperature corrosion and oxidation resistance. Superalloys are a class of nickel, iron-nickel, cobalt, molybdenum, titanium-based alloys that are widely employed as structural materials in the aviation, aerospace, and energy industries.
MARKET SCOPE
The "Global Superalloys Market Analysis to 2031" is a specialized and in-depth study of the chemicals & materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the superalloys market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading superalloys market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type, the market is segmented into nickel-based, iron-based, titanium-based, molybdenum-based, others.
- On the basis of application, the market is segmented into aerospace, marine turbines, industrial gas turbines, chemical processing, others.
MARKET DYNAMICS
Drivers:
- The use of superalloys has increased in the aviation and automotive industries, owing to their greater operational efficiency and lower environmental pollutants. As a result, these alloys are being used more frequently in gas turbines and oil and gas equipment. This factor is driving the market growth
- The rising demand for specialty materials in industries such as energy, defence, and marine is expected to boost demand for the alloy, benefiting the market throughout the forcast period.
Restraints:
- The high cost of base materials needed to develop superalloys, on the other hand, limits market expansion.
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 superalloys 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 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 affecting the superalloys market in these regions.
IMPACT OF COVID-19 ON SUPERALLOYS 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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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 superalloys 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 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 affecting the superalloys market in these regions.
IMPACT OF COVID-19 ON SUPERALLOYS 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.
MARKET PLAYERS
The report covers key developments in the superalloys market as 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 superalloys market are anticipated to lucrative growth opportunities in the future with the rising demand for superalloys in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the superalloys 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.
- AMG Advanced Metallurgical Group NV
- Doncasters Group
- ATI
- Aperam
- HAYNES INTERNATIONAL
- Nippon Yakin Kogyo Co., Ltd.
- Precision Castparts Corp.
- Danyang City Kaixin Alloy Material Co., Ltd.
- CRS Holdings Inc.
- Special Quality Alloys Ltd.
- Arconic, Inc.
- Forged Solutions Group
- Chromalloy Gas Turbine LLC
- SSS SUPER ALLOYS LTD
- Advanced Alloy Services Limited
- IHI Corporation
- Treibacher Industrie AG
- Western Australian Specialty Alloys
- Cannon Muskegon
- Super Alloys & Castings
- 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 Superalloys Market - By Type
1.3.2 Superalloys Market - By Application
1.3.3 Superalloys Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SUPERALLOYS 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. SUPERALLOYS 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. SUPERALLOYS MARKET - GLOBAL MARKET ANALYSIS
6.1. SUPERALLOYS - GLOBAL MARKET OVERVIEW
6.2. SUPERALLOYS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SUPERALLOYS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. NICKEL BASED
7.3.1. Overview
7.3.2. Nickel Based Market Forecast and Analysis
7.4. IRON BASED
7.4.1. Overview
7.4.2. Iron Based Market Forecast and Analysis
7.5. TITANIUM BASED
7.5.1. Overview
7.5.2. Titanium Based Market Forecast and Analysis
7.6. MOLYBDENUM BASED
7.6.1. Overview
7.6.2. Molybdenum Based Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SUPERALLOYS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AEROSPACE
8.3.1. Overview
8.3.2. Aerospace Market Forecast and Analysis
8.4. MARINE TURBINES
8.4.1. Overview
8.4.2. Marine Turbines Market Forecast and Analysis
8.5. INDUSTRIAL GAS TURBINES
8.5.1. Overview
8.5.2. Industrial Gas Turbines Market Forecast and Analysis
8.6. CHEMICAL PROCESSING
8.6.1. Overview
8.6.2. Chemical Processing Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. SUPERALLOYS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Superalloys Market Overview
9.1.2 North America Superalloys Market Forecasts and Analysis
9.1.3 North America Superalloys Market Forecasts and Analysis - By Type
9.1.4 North America Superalloys Market Forecasts and Analysis - By Application
9.1.5 North America Superalloys Market Forecasts and Analysis - By Countries
9.1.5.1 United States Superalloys Market
9.1.5.1.1 United States Superalloys Market by Type
9.1.5.1.2 United States Superalloys Market by Application
9.1.5.2 Canada Superalloys Market
9.1.5.2.1 Canada Superalloys Market by Type
9.1.5.2.2 Canada Superalloys Market by Application
9.1.5.3 Mexico Superalloys Market
9.1.5.3.1 Mexico Superalloys Market by Type
9.1.5.3.2 Mexico Superalloys Market by Application
9.2. EUROPE
9.2.1 Europe Superalloys Market Overview
9.2.2 Europe Superalloys Market Forecasts and Analysis
9.2.3 Europe Superalloys Market Forecasts and Analysis - By Type
9.2.4 Europe Superalloys Market Forecasts and Analysis - By Application
9.2.5 Europe Superalloys Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Superalloys Market
9.2.5.1.1 Germany Superalloys Market by Type
9.2.5.1.2 Germany Superalloys Market by Application
9.2.5.2 France Superalloys Market
9.2.5.2.1 France Superalloys Market by Type
9.2.5.2.2 France Superalloys Market by Application
9.2.5.3 Italy Superalloys Market
9.2.5.3.1 Italy Superalloys Market by Type
9.2.5.3.2 Italy Superalloys Market by Application
9.2.5.4 United Kingdom Superalloys Market
9.2.5.4.1 United Kingdom Superalloys Market by Type
9.2.5.4.2 United Kingdom Superalloys Market by Application
9.2.5.5 Russia Superalloys Market
9.2.5.5.1 Russia Superalloys Market by Type
9.2.5.5.2 Russia Superalloys Market by Application
9.2.5.6 Rest of Europe Superalloys Market
9.2.5.6.1 Rest of Europe Superalloys Market by Type
9.2.5.6.2 Rest of Europe Superalloys Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Superalloys Market Overview
9.3.2 Asia-Pacific Superalloys Market Forecasts and Analysis
9.3.3 Asia-Pacific Superalloys Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Superalloys Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Superalloys Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Superalloys Market
9.3.5.1.1 Australia Superalloys Market by Type
9.3.5.1.2 Australia Superalloys Market by Application
9.3.5.2 China Superalloys Market
9.3.5.2.1 China Superalloys Market by Type
9.3.5.2.2 China Superalloys Market by Application
9.3.5.3 India Superalloys Market
9.3.5.3.1 India Superalloys Market by Type
9.3.5.3.2 India Superalloys Market by Application
9.3.5.4 Japan Superalloys Market
9.3.5.4.1 Japan Superalloys Market by Type
9.3.5.4.2 Japan Superalloys Market by Application
9.3.5.5 South Korea Superalloys Market
9.3.5.5.1 South Korea Superalloys Market by Type
9.3.5.5.2 South Korea Superalloys Market by Application
9.3.5.6 Rest of Asia-Pacific Superalloys Market
9.3.5.6.1 Rest of Asia-Pacific Superalloys Market by Type
9.3.5.6.2 Rest of Asia-Pacific Superalloys Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Superalloys Market Overview
9.4.2 Middle East and Africa Superalloys Market Forecasts and Analysis
9.4.3 Middle East and Africa Superalloys Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Superalloys Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Superalloys Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Superalloys Market
9.4.5.1.1 South Africa Superalloys Market by Type
9.4.5.1.2 South Africa Superalloys Market by Application
9.4.5.2 Saudi Arabia Superalloys Market
9.4.5.2.1 Saudi Arabia Superalloys Market by Type
9.4.5.2.2 Saudi Arabia Superalloys Market by Application
9.4.5.3 U.A.E Superalloys Market
9.4.5.3.1 U.A.E Superalloys Market by Type
9.4.5.3.2 U.A.E Superalloys Market by Application
9.4.5.4 Rest of Middle East and Africa Superalloys Market
9.4.5.4.1 Rest of Middle East and Africa Superalloys Market by Type
9.4.5.4.2 Rest of Middle East and Africa Superalloys Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Superalloys Market Overview
9.5.2 South and Central America Superalloys Market Forecasts and Analysis
9.5.3 South and Central America Superalloys Market Forecasts and Analysis - By Type
9.5.4 South and Central America Superalloys Market Forecasts and Analysis - By Application
9.5.5 South and Central America Superalloys Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Superalloys Market
9.5.5.1.1 Brazil Superalloys Market by Type
9.5.5.1.2 Brazil Superalloys Market by Application
9.5.5.2 Argentina Superalloys Market
9.5.5.2.1 Argentina Superalloys Market by Type
9.5.5.2.2 Argentina Superalloys Market by Application
9.5.5.3 Rest of South and Central America Superalloys Market
9.5.5.3.1 Rest of South and Central America Superalloys Market by Type
9.5.5.3.2 Rest of South and Central America Superalloys Market by Application
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. SUPERALLOYS MARKET, KEY COMPANY PROFILES
11.1. AMG ADVANCED METALLURGICAL GROUP NV
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. DONCASTERS GROUP
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. ATI
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. APERAM
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. HAYNES INTERNATIONAL
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. NIPPON YAKIN KOGYO CO., LTD
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. PRECISION CASTPARTS CORP.
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. DANYANG CITY KAIXIN ALLOY MATERIAL CO., LTD.
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. CRS HOLDINGS INC.
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. SPECIAL QUALITY ALLOYS LTD.
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
11.11. ARCONIC INC.
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
11.12. FORGED SOLUTIONS GROUP
11.12.1. Key Facts
11.12.2. Business Description
11.12.3. Products and Services
11.12.4. Financial Overview
11.12.5. SWOT Analysis
11.12.6. Key Developments
11.13. CHROMALLOY GAS TURBINE LLC
11.13.1. Key Facts
11.13.2. Business Description
11.13.3. Products and Services
11.13.4. Financial Overview
11.13.5. SWOT Analysis
11.13.6. Key Developments
11.14. SSS SUPER ALLOYS LTD
11.14.1. Key Facts
11.14.2. Business Description
11.14.3. Products and Services
11.14.4. Financial Overview
11.14.5. SWOT Analysis
11.14.6. Key Developments
11.15. ADVANCED ALLOY SERVICES LIMITED
11.15.1. Key Facts
11.15.2. Business Description
11.15.3. Products and Services
11.15.4. Financial Overview
11.15.5. SWOT Analysis
11.15.6. Key Developments
11.16. IHI CORPORATION
11.16.1. Key Facts
11.16.2. Business Description
11.16.3. Products and Services
11.16.4. Financial Overview
11.16.5. SWOT Analysis
11.16.6. Key Developments
11.17. TREIBACHER INDUSTRIE AG
11.17.1. Key Facts
11.17.2. Business Description
11.17.3. Products and Services
11.17.4. Financial Overview
11.17.5. SWOT Analysis
11.17.6. Key Developments
11.18. WESTERN AUSTRALIAN SPECIALTY ALLOYS
11.18.1. Key Facts
11.18.2. Business Description
11.18.3. Products and Services
11.18.4. Financial Overview
11.18.5. SWOT Analysis
11.18.6. Key Developments
11.19. CANNON MUSKEGON
11.19.1. Key Facts
11.19.2. Business Description
11.19.3. Products and Services
11.19.4. Financial Overview
11.19.5. SWOT Analysis
11.19.6. Key Developments
11.20. SUPER ALLOYS AND CASTINGS
11.20.1. Key Facts
11.20.2. Business Description
11.20.3. Products and Services
11.20.4. Financial Overview
11.20.5. SWOT Analysis
11.20.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AMG Advanced Metallurgical Group NV
2. Doncasters Group
3. ATI
4. Aperam
5. HAYNES INTERNATIONAL
6. Nippon Yakin Kogyo Co., Ltd
7. Precision Castparts Corp.
8. Danyang City Kaixin Alloy Material Co., Ltd.
9. CRS Holdings Inc.
10. Special Quality Alloys Ltd.
11. Arconic Inc.
12. Forged Solutions Group
13. Chromalloy Gas Turbine LLC
14. SSS SUPER ALLOYS LTD
15. Advanced Alloy Services Limited
16. IHI Corporation
17. Treibacher Industrie AG
18. Western Australian Specialty Alloys
19. Cannon Muskegon
20.Super Alloys and Castings
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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