Two Wheeler Lighting Market Developments by 2031
Lighting is a crucial part of any automotive since it helps a rider to avoid pits and bumps on the road at night and also offers visibility to riders under bad weather conditions. Energy-saving bulbs and LED lights are used to lessen energy consumption; common types of two-wheeler lightings comprise LED, halogen, and xenon. The increase in demand for motorcycles, growth in disposable income, and the rise in customers spending around the globe are estimated to drive the two wheeler lighting market during the forecast period.
MARKET DYNAMICS
The growing regulatory standards are driving the growth of the two wheeler lighting market. However, the high cost may restrain the growth of the two wheeler lighting market. Furthermore, the growing automotive industry is anticipated to witness massive demand during the forecast period.
MARKET SCOPE
The "Global Two Wheeler Lighting Market Analysis to 2031" is a specialized and in-depth study of the two wheeler lighting market with a special focus on the global market trend analysis. The report aims to provide an overview of two wheeler lighting market with detailed market segmentation by type, light type, application and geography. The global two wheeler lighting market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading two wheeler lighting market players and offers key trends and opportunities in the two wheeler lighting market.
MARKET SEGMENTATION
The global two-wheeler lighting market is segmented on the basis of type, light type, and application. On the basis of type, the market is segmented as motorcycles, scooters, mopeds, electronic bikes, and others. On the basis of light type, the market is segmented Halogen, Xenon, and LED. On the basis of application, the market is segmented as headlights, indicators, and rear lights.
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 two wheeler lighting 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 two wheeler lighting 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 two wheeler lighting 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 two wheeler lighting market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global two wheeler lighting 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 two wheeler lighting 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 two wheeler lighting 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 two wheeler lighting market in these regions.
MARKET PLAYERS
The reports cover key developments in the two wheeler lighting 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 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 two wheeler lighting market are anticipated to lucrative growth opportunities in the future with the rising demand for two wheeler lighting market. Below mentioned is the list of few companies engaged in the two wheeler lighting market.
The report also includes the profiles of key two wheeler lighting 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.
- Fiem Industries Limited
- Koninklijke Philips N.V.
- Lumax Auto Technologies
- MACLITE
- Neolite ZKW
- OSRAM GmbH
- Phoenix Lamps (Suprajit)
- STANLEY ELECTRIC CO., LTD.
- UNO Minda Group
- Varroc Group
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
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 Two Wheeler Lighting Market - By Type
1.3.2 Two Wheeler Lighting Market - By Light Type
1.3.3 Two Wheeler Lighting Market - By Application
1.3.4 Two Wheeler Lighting Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TWO WHEELER LIGHTING 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. TWO WHEELER LIGHTING 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. TWO WHEELER LIGHTING MARKET - GLOBAL MARKET ANALYSIS
6.1. TWO WHEELER LIGHTING - GLOBAL MARKET OVERVIEW
6.2. TWO WHEELER LIGHTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TWO WHEELER LIGHTING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MOTORCYCLES
7.3.1. Overview
7.3.2. Motorcycles Market Forecast and Analysis
7.4. SCOOTERS
7.4.1. Overview
7.4.2. Scooters Market Forecast and Analysis
7.5. MOPEDS
7.5.1. Overview
7.5.2. Mopeds Market Forecast and Analysis
7.6. ELECTRONIC BIKES
7.6.1. Overview
7.6.2. Electronic Bikes Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. TWO WHEELER LIGHTING MARKET - REVENUE AND FORECASTS TO 2028 - LIGHT TYPE
8.1. OVERVIEW
8.2. LIGHT TYPE MARKET FORECASTS AND ANALYSIS
8.3. HALOGEN
8.3.1. Overview
8.3.2. Halogen Market Forecast and Analysis
8.4. XENON
8.4.1. Overview
8.4.2. Xenon Market Forecast and Analysis
8.5. LED
8.5.1. Overview
8.5.2. LED Market Forecast and Analysis
9. TWO WHEELER LIGHTING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. HEADLIGHTS
9.3.1. Overview
9.3.2. Headlights Market Forecast and Analysis
9.4. INDICATORS
9.4.1. Overview
9.4.2. Indicators Market Forecast and Analysis
9.5. REAR LIGHTS
9.5.1. Overview
9.5.2. Rear Lights Market Forecast and Analysis
10. TWO WHEELER LIGHTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Two Wheeler Lighting Market Overview
10.1.2 North America Two Wheeler Lighting Market Forecasts and Analysis
10.1.3 North America Two Wheeler Lighting Market Forecasts and Analysis - By Type
10.1.4 North America Two Wheeler Lighting Market Forecasts and Analysis - By Light Type
10.1.5 North America Two Wheeler Lighting Market Forecasts and Analysis - By Application
10.1.6 North America Two Wheeler Lighting Market Forecasts and Analysis - By Countries
10.1.6.1 United States Two Wheeler Lighting Market
10.1.6.1.1 United States Two Wheeler Lighting Market by Type
10.1.6.1.2 United States Two Wheeler Lighting Market by Light Type
10.1.6.1.3 United States Two Wheeler Lighting Market by Application
10.1.6.2 Canada Two Wheeler Lighting Market
10.1.6.2.1 Canada Two Wheeler Lighting Market by Type
10.1.6.2.2 Canada Two Wheeler Lighting Market by Light Type
10.1.6.2.3 Canada Two Wheeler Lighting Market by Application
10.1.6.3 Mexico Two Wheeler Lighting Market
10.1.6.3.1 Mexico Two Wheeler Lighting Market by Type
10.1.6.3.2 Mexico Two Wheeler Lighting Market by Light Type
10.1.6.3.3 Mexico Two Wheeler Lighting Market by Application
10.2. EUROPE
10.2.1 Europe Two Wheeler Lighting Market Overview
10.2.2 Europe Two Wheeler Lighting Market Forecasts and Analysis
10.2.3 Europe Two Wheeler Lighting Market Forecasts and Analysis - By Type
10.2.4 Europe Two Wheeler Lighting Market Forecasts and Analysis - By Light Type
10.2.5 Europe Two Wheeler Lighting Market Forecasts and Analysis - By Application
10.2.6 Europe Two Wheeler Lighting Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Two Wheeler Lighting Market
10.2.6.1.1 Germany Two Wheeler Lighting Market by Type
10.2.6.1.2 Germany Two Wheeler Lighting Market by Light Type
10.2.6.1.3 Germany Two Wheeler Lighting Market by Application
10.2.6.2 France Two Wheeler Lighting Market
10.2.6.2.1 France Two Wheeler Lighting Market by Type
10.2.6.2.2 France Two Wheeler Lighting Market by Light Type
10.2.6.2.3 France Two Wheeler Lighting Market by Application
10.2.6.3 Italy Two Wheeler Lighting Market
10.2.6.3.1 Italy Two Wheeler Lighting Market by Type
10.2.6.3.2 Italy Two Wheeler Lighting Market by Light Type
10.2.6.3.3 Italy Two Wheeler Lighting Market by Application
10.2.6.4 United Kingdom Two Wheeler Lighting Market
10.2.6.4.1 United Kingdom Two Wheeler Lighting Market by Type
10.2.6.4.2 United Kingdom Two Wheeler Lighting Market by Light Type
10.2.6.4.3 United Kingdom Two Wheeler Lighting Market by Application
10.2.6.5 Russia Two Wheeler Lighting Market
10.2.6.5.1 Russia Two Wheeler Lighting Market by Type
10.2.6.5.2 Russia Two Wheeler Lighting Market by Light Type
10.2.6.5.3 Russia Two Wheeler Lighting Market by Application
10.2.6.6 Rest of Europe Two Wheeler Lighting Market
10.2.6.6.1 Rest of Europe Two Wheeler Lighting Market by Type
10.2.6.6.2 Rest of Europe Two Wheeler Lighting Market by Light Type
10.2.6.6.3 Rest of Europe Two Wheeler Lighting Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Two Wheeler Lighting Market Overview
10.3.2 Asia-Pacific Two Wheeler Lighting Market Forecasts and Analysis
10.3.3 Asia-Pacific Two Wheeler Lighting Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Two Wheeler Lighting Market Forecasts and Analysis - By Light Type
10.3.5 Asia-Pacific Two Wheeler Lighting Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Two Wheeler Lighting Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Two Wheeler Lighting Market
10.3.6.1.1 Australia Two Wheeler Lighting Market by Type
10.3.6.1.2 Australia Two Wheeler Lighting Market by Light Type
10.3.6.1.3 Australia Two Wheeler Lighting Market by Application
10.3.6.2 China Two Wheeler Lighting Market
10.3.6.2.1 China Two Wheeler Lighting Market by Type
10.3.6.2.2 China Two Wheeler Lighting Market by Light Type
10.3.6.2.3 China Two Wheeler Lighting Market by Application
10.3.6.3 India Two Wheeler Lighting Market
10.3.6.3.1 India Two Wheeler Lighting Market by Type
10.3.6.3.2 India Two Wheeler Lighting Market by Light Type
10.3.6.3.3 India Two Wheeler Lighting Market by Application
10.3.6.4 Japan Two Wheeler Lighting Market
10.3.6.4.1 Japan Two Wheeler Lighting Market by Type
10.3.6.4.2 Japan Two Wheeler Lighting Market by Light Type
10.3.6.4.3 Japan Two Wheeler Lighting Market by Application
10.3.6.5 South Korea Two Wheeler Lighting Market
10.3.6.5.1 South Korea Two Wheeler Lighting Market by Type
10.3.6.5.2 South Korea Two Wheeler Lighting Market by Light Type
10.3.6.5.3 South Korea Two Wheeler Lighting Market by Application
10.3.6.6 Rest of Asia-Pacific Two Wheeler Lighting Market
10.3.6.6.1 Rest of Asia-Pacific Two Wheeler Lighting Market by Type
10.3.6.6.2 Rest of Asia-Pacific Two Wheeler Lighting Market by Light Type
10.3.6.6.3 Rest of Asia-Pacific Two Wheeler Lighting Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Two Wheeler Lighting Market Overview
10.4.2 Middle East and Africa Two Wheeler Lighting Market Forecasts and Analysis
10.4.3 Middle East and Africa Two Wheeler Lighting Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Two Wheeler Lighting Market Forecasts and Analysis - By Light Type
10.4.5 Middle East and Africa Two Wheeler Lighting Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Two Wheeler Lighting Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Two Wheeler Lighting Market
10.4.6.1.1 South Africa Two Wheeler Lighting Market by Type
10.4.6.1.2 South Africa Two Wheeler Lighting Market by Light Type
10.4.6.1.3 South Africa Two Wheeler Lighting Market by Application
10.4.6.2 Saudi Arabia Two Wheeler Lighting Market
10.4.6.2.1 Saudi Arabia Two Wheeler Lighting Market by Type
10.4.6.2.2 Saudi Arabia Two Wheeler Lighting Market by Light Type
10.4.6.2.3 Saudi Arabia Two Wheeler Lighting Market by Application
10.4.6.3 U.A.E Two Wheeler Lighting Market
10.4.6.3.1 U.A.E Two Wheeler Lighting Market by Type
10.4.6.3.2 U.A.E Two Wheeler Lighting Market by Light Type
10.4.6.3.3 U.A.E Two Wheeler Lighting Market by Application
10.4.6.4 Rest of Middle East and Africa Two Wheeler Lighting Market
10.4.6.4.1 Rest of Middle East and Africa Two Wheeler Lighting Market by Type
10.4.6.4.2 Rest of Middle East and Africa Two Wheeler Lighting Market by Light Type
10.4.6.4.3 Rest of Middle East and Africa Two Wheeler Lighting Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Two Wheeler Lighting Market Overview
10.5.2 South and Central America Two Wheeler Lighting Market Forecasts and Analysis
10.5.3 South and Central America Two Wheeler Lighting Market Forecasts and Analysis - By Type
10.5.4 South and Central America Two Wheeler Lighting Market Forecasts and Analysis - By Light Type
10.5.5 South and Central America Two Wheeler Lighting Market Forecasts and Analysis - By Application
10.5.6 South and Central America Two Wheeler Lighting Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Two Wheeler Lighting Market
10.5.6.1.1 Brazil Two Wheeler Lighting Market by Type
10.5.6.1.2 Brazil Two Wheeler Lighting Market by Light Type
10.5.6.1.3 Brazil Two Wheeler Lighting Market by Application
10.5.6.2 Argentina Two Wheeler Lighting Market
10.5.6.2.1 Argentina Two Wheeler Lighting Market by Type
10.5.6.2.2 Argentina Two Wheeler Lighting Market by Light Type
10.5.6.2.3 Argentina Two Wheeler Lighting Market by Application
10.5.6.3 Rest of South and Central America Two Wheeler Lighting Market
10.5.6.3.1 Rest of South and Central America Two Wheeler Lighting Market by Type
10.5.6.3.2 Rest of South and Central America Two Wheeler Lighting Market by Light Type
10.5.6.3.3 Rest of South and Central America Two Wheeler Lighting 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. TWO WHEELER LIGHTING MARKET, KEY COMPANY PROFILES
12.1. FIEM INDUSTRIES LIMITED
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. KONINKLIJKE PHILIPS N.V.
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. LUMAX AUTO TECHNOLOGIES
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. MACLITE
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. NEOLITE ZKW
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. OSRAM GMBH
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. PHOENIX LAMPS (SUPRAJIT)
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. STANLEY ELECTRIC CO., 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. UNO MINDA GROUP
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. VARROC GROUP
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. Fiem Industries Limited
2. Koninklijke Philips N.V.
3. Lumax Auto Technologies
4. MACLITE
5. Neolite ZKW
6. OSRAM GmbH
7. Phoenix Lamps (Suprajit)
8. STANLEY ELECTRIC CO., LTD.
9. UNO Minda Group
10. Varroc Group
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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