Tensile Testing Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
Tensile testing equipment is commonly used to determine the tensile strength of a wide range of items, including rubbers, metals, fibers, and composites, among other materials, in a variety of industries, including automotive, construction, and others. Tension test machines are another name for tensile testing equipment. Elongation, ultimate tensile strength, yield strength, and modulus are all measured by tensile testers. The market's growth is being fueled mostly by a growing emphasis on product quality. It's primarily employed in material testing labs.
MARKET SCOPE
The "Global Tensile testing equipment Market Analysis to 2028" is a specialized and in-depth study of the Tensile testing equipment Market with a special focus on the global market trend analysis. The report aims to provide an overview of tensile testing equipment market with detailed market segmentation by powering mechanism, force testing range, end-users. The global tensile testing equipment market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading tensile testing equipment market player and offers key trends and opportunities in the tensile testing equipment market.
MARKET SEGMENTATION
- Based on powering mechanism the market is segmented as, hydraulic and electromechanical.
- Based on force testing range the market is segmented as, up to 100 KN, 101 to 150 KN, 151 to 200 KN, beyond 250 KN.
- Based on end-users the market is segmented as, materials and packaging, automotive, manufacturing, aerospace and defense and others.
MARKET DYNAMICS
Drivers
- Due to rising demand for tensile testing machines from the automotive and textile industries, the global tensile testing equipment market is expected to grow rapidly during the forecast period.
- Other drivers expected to drive the global tensile testing equipment market over the forecast period include rising desire to improve product reliability, quality, and stability in various industries.
- Growing demand for tensile testers across verticals is also expected to spur market growth during the forecast period.
Restraints- - However, a lack of skilled technicians to operate equipment and a low acceptance rate of tensile testing equipment by SMEs may restrict the market's growth in the coming years.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global tensile testing equipment market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The tensile testing 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 tensile testing 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 tensile testing equipment market in these regions.
IMPACT OF COVID-19 ON TENSILE TESTING 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. Naveen Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Have a question?
Speak to Analyst
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global tensile testing equipment market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The tensile testing 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 tensile testing 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 tensile testing equipment market in these regions.
IMPACT OF COVID-19 ON TENSILE TESTING 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 tensile testing 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 tensile testing equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for tensile testing equipment market. Below mentioned is the list of few companies engaged in the tensile testing equipment market.
The report also includes the profiles of key tensile testing 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.
- ADMET, Inc.
- AMETEK. Inc.
- Com-Ten Industries
- KOKUSAI CO., LTD.
- Labthink
- Mecmesin
- Qualitest International Inc
- Shimadzu Corporation
- TESTEX Textile Testing Instruments
- TestResources, Inc.
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](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
This text is related
to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
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 Tensile Testing Equipment Market - By Powering Mechanism
1.3.2 Tensile Testing Equipment Market - By Force Testing Range
1.3.3 Tensile Testing Equipment Market - By End-users
1.3.4 Tensile Testing Equipment Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TENSILE TESTING 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. TENSILE TESTING 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. TENSILE TESTING EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. TENSILE TESTING EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. TENSILE TESTING EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TENSILE TESTING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - POWERING MECHANISM
7.1. OVERVIEW
7.2. POWERING MECHANISM MARKET FORECASTS AND ANALYSIS
7.3. HYDRAULIC
7.3.1. Overview
7.3.2. Hydraulic Market Forecast and Analysis
7.4. ELECTROMECHANICAL
7.4.1. Overview
7.4.2. Electromechanical Market Forecast and Analysis
8. TENSILE TESTING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - FORCE TESTING RANGE
8.1. OVERVIEW
8.2. FORCE TESTING RANGE MARKET FORECASTS AND ANALYSIS
8.3. UP TO 100 KN
8.3.1. Overview
8.3.2. Up to 100 kN Market Forecast and Analysis
8.4. 101 TO 150 KN
8.4.1. Overview
8.4.2. 101 to 150 kN Market Forecast and Analysis
8.5. 151 TO 200 KN
8.5.1. Overview
8.5.2. 151 to 200 kN Market Forecast and Analysis
8.6. BEYOND 250 KN
8.6.1. Overview
8.6.2. Beyond 250 kN Market Forecast and Analysis
9. TENSILE TESTING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - END-USERS
9.1. OVERVIEW
9.2. END-USERS MARKET FORECASTS AND ANALYSIS
9.3. MATERIALS AND PACKAGING
9.3.1. Overview
9.3.2. Materials and Packaging Market Forecast and Analysis
9.4. AUTOMOTIVE
9.4.1. Overview
9.4.2. Automotive Market Forecast and Analysis
9.5. MANUFACTURING
9.5.1. Overview
9.5.2. Manufacturing Market Forecast and Analysis
9.6. AEROSPACE AND DEFENSE
9.6.1. Overview
9.6.2. Aerospace and Defense Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. TENSILE TESTING EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Tensile Testing Equipment Market Overview
10.1.2 North America Tensile Testing Equipment Market Forecasts and Analysis
10.1.3 North America Tensile Testing Equipment Market Forecasts and Analysis - By Powering Mechanism
10.1.4 North America Tensile Testing Equipment Market Forecasts and Analysis - By Force Testing Range
10.1.5 North America Tensile Testing Equipment Market Forecasts and Analysis - By End-users
10.1.6 North America Tensile Testing Equipment Market Forecasts and Analysis - By Countries
10.1.6.1 United States Tensile Testing Equipment Market
10.1.6.1.1 United States Tensile Testing Equipment Market by Powering Mechanism
10.1.6.1.2 United States Tensile Testing Equipment Market by Force Testing Range
10.1.6.1.3 United States Tensile Testing Equipment Market by End-users
10.1.6.2 Canada Tensile Testing Equipment Market
10.1.6.2.1 Canada Tensile Testing Equipment Market by Powering Mechanism
10.1.6.2.2 Canada Tensile Testing Equipment Market by Force Testing Range
10.1.6.2.3 Canada Tensile Testing Equipment Market by End-users
10.1.6.3 Mexico Tensile Testing Equipment Market
10.1.6.3.1 Mexico Tensile Testing Equipment Market by Powering Mechanism
10.1.6.3.2 Mexico Tensile Testing Equipment Market by Force Testing Range
10.1.6.3.3 Mexico Tensile Testing Equipment Market by End-users
10.2. EUROPE
10.2.1 Europe Tensile Testing Equipment Market Overview
10.2.2 Europe Tensile Testing Equipment Market Forecasts and Analysis
10.2.3 Europe Tensile Testing Equipment Market Forecasts and Analysis - By Powering Mechanism
10.2.4 Europe Tensile Testing Equipment Market Forecasts and Analysis - By Force Testing Range
10.2.5 Europe Tensile Testing Equipment Market Forecasts and Analysis - By End-users
10.2.6 Europe Tensile Testing Equipment Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Tensile Testing Equipment Market
10.2.6.1.1 Germany Tensile Testing Equipment Market by Powering Mechanism
10.2.6.1.2 Germany Tensile Testing Equipment Market by Force Testing Range
10.2.6.1.3 Germany Tensile Testing Equipment Market by End-users
10.2.6.2 France Tensile Testing Equipment Market
10.2.6.2.1 France Tensile Testing Equipment Market by Powering Mechanism
10.2.6.2.2 France Tensile Testing Equipment Market by Force Testing Range
10.2.6.2.3 France Tensile Testing Equipment Market by End-users
10.2.6.3 Italy Tensile Testing Equipment Market
10.2.6.3.1 Italy Tensile Testing Equipment Market by Powering Mechanism
10.2.6.3.2 Italy Tensile Testing Equipment Market by Force Testing Range
10.2.6.3.3 Italy Tensile Testing Equipment Market by End-users
10.2.6.4 United Kingdom Tensile Testing Equipment Market
10.2.6.4.1 United Kingdom Tensile Testing Equipment Market by Powering Mechanism
10.2.6.4.2 United Kingdom Tensile Testing Equipment Market by Force Testing Range
10.2.6.4.3 United Kingdom Tensile Testing Equipment Market by End-users
10.2.6.5 Russia Tensile Testing Equipment Market
10.2.6.5.1 Russia Tensile Testing Equipment Market by Powering Mechanism
10.2.6.5.2 Russia Tensile Testing Equipment Market by Force Testing Range
10.2.6.5.3 Russia Tensile Testing Equipment Market by End-users
10.2.6.6 Rest of Europe Tensile Testing Equipment Market
10.2.6.6.1 Rest of Europe Tensile Testing Equipment Market by Powering Mechanism
10.2.6.6.2 Rest of Europe Tensile Testing Equipment Market by Force Testing Range
10.2.6.6.3 Rest of Europe Tensile Testing Equipment Market by End-users
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Tensile Testing Equipment Market Overview
10.3.2 Asia-Pacific Tensile Testing Equipment Market Forecasts and Analysis
10.3.3 Asia-Pacific Tensile Testing Equipment Market Forecasts and Analysis - By Powering Mechanism
10.3.4 Asia-Pacific Tensile Testing Equipment Market Forecasts and Analysis - By Force Testing Range
10.3.5 Asia-Pacific Tensile Testing Equipment Market Forecasts and Analysis - By End-users
10.3.6 Asia-Pacific Tensile Testing Equipment Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Tensile Testing Equipment Market
10.3.6.1.1 Australia Tensile Testing Equipment Market by Powering Mechanism
10.3.6.1.2 Australia Tensile Testing Equipment Market by Force Testing Range
10.3.6.1.3 Australia Tensile Testing Equipment Market by End-users
10.3.6.2 China Tensile Testing Equipment Market
10.3.6.2.1 China Tensile Testing Equipment Market by Powering Mechanism
10.3.6.2.2 China Tensile Testing Equipment Market by Force Testing Range
10.3.6.2.3 China Tensile Testing Equipment Market by End-users
10.3.6.3 India Tensile Testing Equipment Market
10.3.6.3.1 India Tensile Testing Equipment Market by Powering Mechanism
10.3.6.3.2 India Tensile Testing Equipment Market by Force Testing Range
10.3.6.3.3 India Tensile Testing Equipment Market by End-users
10.3.6.4 Japan Tensile Testing Equipment Market
10.3.6.4.1 Japan Tensile Testing Equipment Market by Powering Mechanism
10.3.6.4.2 Japan Tensile Testing Equipment Market by Force Testing Range
10.3.6.4.3 Japan Tensile Testing Equipment Market by End-users
10.3.6.5 South Korea Tensile Testing Equipment Market
10.3.6.5.1 South Korea Tensile Testing Equipment Market by Powering Mechanism
10.3.6.5.2 South Korea Tensile Testing Equipment Market by Force Testing Range
10.3.6.5.3 South Korea Tensile Testing Equipment Market by End-users
10.3.6.6 Rest of Asia-Pacific Tensile Testing Equipment Market
10.3.6.6.1 Rest of Asia-Pacific Tensile Testing Equipment Market by Powering Mechanism
10.3.6.6.2 Rest of Asia-Pacific Tensile Testing Equipment Market by Force Testing Range
10.3.6.6.3 Rest of Asia-Pacific Tensile Testing Equipment Market by End-users
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Tensile Testing Equipment Market Overview
10.4.2 Middle East and Africa Tensile Testing Equipment Market Forecasts and Analysis
10.4.3 Middle East and Africa Tensile Testing Equipment Market Forecasts and Analysis - By Powering Mechanism
10.4.4 Middle East and Africa Tensile Testing Equipment Market Forecasts and Analysis - By Force Testing Range
10.4.5 Middle East and Africa Tensile Testing Equipment Market Forecasts and Analysis - By End-users
10.4.6 Middle East and Africa Tensile Testing Equipment Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Tensile Testing Equipment Market
10.4.6.1.1 South Africa Tensile Testing Equipment Market by Powering Mechanism
10.4.6.1.2 South Africa Tensile Testing Equipment Market by Force Testing Range
10.4.6.1.3 South Africa Tensile Testing Equipment Market by End-users
10.4.6.2 Saudi Arabia Tensile Testing Equipment Market
10.4.6.2.1 Saudi Arabia Tensile Testing Equipment Market by Powering Mechanism
10.4.6.2.2 Saudi Arabia Tensile Testing Equipment Market by Force Testing Range
10.4.6.2.3 Saudi Arabia Tensile Testing Equipment Market by End-users
10.4.6.3 U.A.E Tensile Testing Equipment Market
10.4.6.3.1 U.A.E Tensile Testing Equipment Market by Powering Mechanism
10.4.6.3.2 U.A.E Tensile Testing Equipment Market by Force Testing Range
10.4.6.3.3 U.A.E Tensile Testing Equipment Market by End-users
10.4.6.4 Rest of Middle East and Africa Tensile Testing Equipment Market
10.4.6.4.1 Rest of Middle East and Africa Tensile Testing Equipment Market by Powering Mechanism
10.4.6.4.2 Rest of Middle East and Africa Tensile Testing Equipment Market by Force Testing Range
10.4.6.4.3 Rest of Middle East and Africa Tensile Testing Equipment Market by End-users
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Tensile Testing Equipment Market Overview
10.5.2 South and Central America Tensile Testing Equipment Market Forecasts and Analysis
10.5.3 South and Central America Tensile Testing Equipment Market Forecasts and Analysis - By Powering Mechanism
10.5.4 South and Central America Tensile Testing Equipment Market Forecasts and Analysis - By Force Testing Range
10.5.5 South and Central America Tensile Testing Equipment Market Forecasts and Analysis - By End-users
10.5.6 South and Central America Tensile Testing Equipment Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Tensile Testing Equipment Market
10.5.6.1.1 Brazil Tensile Testing Equipment Market by Powering Mechanism
10.5.6.1.2 Brazil Tensile Testing Equipment Market by Force Testing Range
10.5.6.1.3 Brazil Tensile Testing Equipment Market by End-users
10.5.6.2 Argentina Tensile Testing Equipment Market
10.5.6.2.1 Argentina Tensile Testing Equipment Market by Powering Mechanism
10.5.6.2.2 Argentina Tensile Testing Equipment Market by Force Testing Range
10.5.6.2.3 Argentina Tensile Testing Equipment Market by End-users
10.5.6.3 Rest of South and Central America Tensile Testing Equipment Market
10.5.6.3.1 Rest of South and Central America Tensile Testing Equipment Market by Powering Mechanism
10.5.6.3.2 Rest of South and Central America Tensile Testing Equipment Market by Force Testing Range
10.5.6.3.3 Rest of South and Central America Tensile Testing Equipment Market by End-users
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. TENSILE TESTING EQUIPMENT MARKET, KEY COMPANY PROFILES
12.1. ADMET, INC.
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. AMETEK. INC.
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. COM-TEN INDUSTRIES
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. KOKUSAI CO., LTD.
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. LABTHINK
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. MECMESIN
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. QUALITEST INTERNATIONAL INC
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. SHIMADZU CORPORATION
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. TESTEX TEXTILE TESTING INSTRUMENTS
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. TESTRESOURCES, 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. ADMET, Inc.
2. AMETEK. Inc.
3. Com-Ten Industries
4. KOKUSAI CO., LTD.
5. Labthink
6. Mecmesin
7. Qualitest International Inc
8. Shimadzu Corporation
9. TESTEX Textile Testing Instruments
10. TestResources, 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.