Waterproof bags are necessary for any person who likes to spend their time outdoors without worrying about the next rainy onslaught. These bags protect items that must be kept dry, like mobile phones, GPS devices, and cameras from the rain, as well as making sure that your precious dry clothes and food supplies remain dry. These bags are made of different materials like silicone elastomers, polyurethane, Polyvinylchloride (PVC), rubber, and wax.
MARKET DYNAMICS
The waterproof bags market has witnessed significant growth due to increasing interest of people in water sports, such as river rafting, is aligning them to use waterproof bags for their devices. Moreover, the increasing market of gadgets and devices is leading to the rise in demand for their protective covers and bags provide a huge market opportunity for the key players operating in the waterproof bags market. However, these materials cannot be decomposed easily, thus creating environmental concerns among the consumers are projected to hamper the overall growth of the waterproof bags market.
MARKET SCOPE
The "Global Waterproof Bags Market Analysis to 2031 is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the waterproof bags market with detailed market segmentation material used, application, end user and geography. The global waterproof bags market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading waterproof bags market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global waterproof bags market is segmented on the basis of material used, application and end user. On the basis of material used, the global waterproof bags market is divided into silicone elastomers, polyurethane, Polyvinylchloride (PVC), rubber, and wax. On the basis of application, the global waterproof bags market is divided into packing products, river rafting, laptop bags, school bags, trekking, mobile bags, camera bags, and others. On the basis of end user, the market is divided into marine, defense, packaging, electronics, and others.
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 waterproof bags 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), Middle East and Africa (MEA) and South America. The waterproof bags 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 waterproof bags 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 waterproof bags 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 an overview and forecast of the global waterproof bags 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), Middle East and Africa (MEA) and South America. The waterproof bags 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 waterproof bags 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 waterproof bags market in these regions.
MARKET PLAYERS
The reports cover key developments in the waterproof bags 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 the expansion of business and customer base of market players. The market players from waterproof bags market is anticipated to lucrative growth opportunities in the future with the rising demand for waterproof bags in the global market. Below mentioned is the list of few companies engaged in the waterproof bags market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the waterproof bags 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.
- 4U Sporting Goods Co., Ltd
- Guangzhou JQX Industrial Co., Limited
- Huian Mingzhou Light Industry Bags Co., Ltd
- Jinjiang Jiaxing Company
- Maysky Bags Co. Ltd
- Ningbo Clover Textile Co. Ltd.
- Quanzhou Hoosam Bags Co. Ltd
- Sealock Outdoor Gear Co. Ltd
- Shenzhen Socoole Technology Co. Ltd
- Yiwu Global Bag Co., Ltd
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
1.3.1Waterproof Bags Market - By Material Used
1.3.2Waterproof Bags Market - By Application
1.3.3Waterproof Bags Market - By End User
1.3.4Waterproof Bags Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.WATERPROOF BAGS 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.WATERPROOF BAGS 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.WATERPROOF BAGS MARKET - GLOBAL MARKET ANALYSIS
6.1.WATERPROOF BAGS - GLOBAL MARKET OVERVIEW
6.2.WATERPROOF BAGS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.WATERPROOF BAGS MARKET - REVENUE AND FORECASTS TO 2028 " MATERIAL USED
7.1.OVERVIEW
7.2.MATERIAL USED MARKET FORECASTS AND ANALYSIS
7.3.SILICONE ELASTOMERS
7.3.1.Overview
7.3.2.Silicone elastomers Market Forecast and Analysis
7.4.POLYURETHANE
7.4.1.Overview
7.4.2.Polyurethane Market Forecast and Analysis
7.5.POLYVINYLCHLORIDE (PVC)
7.5.1.Overview
7.5.2.Polyvinylchloride (PVC) Market Forecast and Analysis
7.6.RUBBER
7.6.1.Overview
7.6.2.Rubber Market Forecast and Analysis
7.7.AND WAX
7.7.1.Overview
7.7.2.and Wax Market Forecast and Analysis
8.WATERPROOF BAGS MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.PACKING PRODUCTS
8.3.1.Overview
8.3.2.Packing products Market Forecast and Analysis
8.4.RIVER RAFTING
8.4.1.Overview
8.4.2.River rafting Market Forecast and Analysis
8.5.LAPTOP BAGS
8.5.1.Overview
8.5.2.Laptop bags Market Forecast and Analysis
8.6.SCHOOL BAGS
8.6.1.Overview
8.6.2.School bags Market Forecast and Analysis
8.7.TREKKING
8.7.1.Overview
8.7.2.Trekking Market Forecast and Analysis
8.8.MOBILE BAGS
8.8.1.Overview
8.8.2.mobile bags Market Forecast and Analysis
8.9.CAMERA BAGS
8.9.1.Overview
8.9.2.Camera bags Market Forecast and Analysis
8.10.AND OTHERS
8.10.1.Overview
8.10.2.and Others Market Forecast and Analysis
9.WATERPROOF BAGS MARKET - REVENUE AND FORECASTS TO 2028 " END USER
9.1.OVERVIEW
9.2.END USER MARKET FORECASTS AND ANALYSIS
9.3.MARINE
9.3.1.Overview
9.3.2.Marine Market Forecast and Analysis
9.4.DEFENSE
9.4.1.Overview
9.4.2.Defense Market Forecast and Analysis
9.5.PACKAGING
9.5.1.Overview
9.5.2.Packaging Market Forecast and Analysis
9.6.ELECTRONICS
9.6.1.Overview
9.6.2.Electronics Market Forecast and Analysis
9.7.AND OTHERS
9.7.1.Overview
9.7.2.and Others Market Forecast and Analysis
10.WATERPROOF BAGS MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Waterproof Bags Market Overview
10.1.2North America Waterproof Bags Market Forecasts and Analysis
10.1.3North America Waterproof Bags Market Forecasts and Analysis - By Material Used
10.1.4North America Waterproof Bags Market Forecasts and Analysis - By Application
10.1.5North America Waterproof Bags Market Forecasts and Analysis - By End User
10.1.6North America Waterproof Bags Market Forecasts and Analysis - By Countries
10.1.6.1United States Waterproof Bags Market
10.1.6.1.1United States Waterproof Bags Market by Material Used
10.1.6.1.2United States Waterproof Bags Market by Application
10.1.6.1.3United States Waterproof Bags Market by End User
10.1.6.2Canada Waterproof Bags Market
10.1.6.2.1Canada Waterproof Bags Market by Material Used
10.1.6.2.2Canada Waterproof Bags Market by Application
10.1.6.2.3Canada Waterproof Bags Market by End User
10.1.6.3Mexico Waterproof Bags Market
10.1.6.3.1Mexico Waterproof Bags Market by Material Used
10.1.6.3.2Mexico Waterproof Bags Market by Application
10.1.6.3.3Mexico Waterproof Bags Market by End User
10.2.EUROPE
10.2.1Europe Waterproof Bags Market Overview
10.2.2Europe Waterproof Bags Market Forecasts and Analysis
10.2.3Europe Waterproof Bags Market Forecasts and Analysis - By Material Used
10.2.4Europe Waterproof Bags Market Forecasts and Analysis - By Application
10.2.5Europe Waterproof Bags Market Forecasts and Analysis - By End User
10.2.6Europe Waterproof Bags Market Forecasts and Analysis - By Countries
10.2.6.1Germany Waterproof Bags Market
10.2.6.1.1Germany Waterproof Bags Market by Material Used
10.2.6.1.2Germany Waterproof Bags Market by Application
10.2.6.1.3Germany Waterproof Bags Market by End User
10.2.6.2France Waterproof Bags Market
10.2.6.2.1France Waterproof Bags Market by Material Used
10.2.6.2.2France Waterproof Bags Market by Application
10.2.6.2.3France Waterproof Bags Market by End User
10.2.6.3Italy Waterproof Bags Market
10.2.6.3.1Italy Waterproof Bags Market by Material Used
10.2.6.3.2Italy Waterproof Bags Market by Application
10.2.6.3.3Italy Waterproof Bags Market by End User
10.2.6.4United Kingdom Waterproof Bags Market
10.2.6.4.1United Kingdom Waterproof Bags Market by Material Used
10.2.6.4.2United Kingdom Waterproof Bags Market by Application
10.2.6.4.3United Kingdom Waterproof Bags Market by End User
10.2.6.5Russia Waterproof Bags Market
10.2.6.5.1Russia Waterproof Bags Market by Material Used
10.2.6.5.2Russia Waterproof Bags Market by Application
10.2.6.5.3Russia Waterproof Bags Market by End User
10.2.6.6Rest of Europe Waterproof Bags Market
10.2.6.6.1Rest of Europe Waterproof Bags Market by Material Used
10.2.6.6.2Rest of Europe Waterproof Bags Market by Application
10.2.6.6.3Rest of Europe Waterproof Bags Market by End User
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Waterproof Bags Market Overview
10.3.2Asia-Pacific Waterproof Bags Market Forecasts and Analysis
10.3.3Asia-Pacific Waterproof Bags Market Forecasts and Analysis - By Material Used
10.3.4Asia-Pacific Waterproof Bags Market Forecasts and Analysis - By Application
10.3.5Asia-Pacific Waterproof Bags Market Forecasts and Analysis - By End User
10.3.6Asia-Pacific Waterproof Bags Market Forecasts and Analysis - By Countries
10.3.6.1Australia Waterproof Bags Market
10.3.6.1.1Australia Waterproof Bags Market by Material Used
10.3.6.1.2Australia Waterproof Bags Market by Application
10.3.6.1.3Australia Waterproof Bags Market by End User
10.3.6.2China Waterproof Bags Market
10.3.6.2.1China Waterproof Bags Market by Material Used
10.3.6.2.2China Waterproof Bags Market by Application
10.3.6.2.3China Waterproof Bags Market by End User
10.3.6.3India Waterproof Bags Market
10.3.6.3.1India Waterproof Bags Market by Material Used
10.3.6.3.2India Waterproof Bags Market by Application
10.3.6.3.3India Waterproof Bags Market by End User
10.3.6.4Japan Waterproof Bags Market
10.3.6.4.1Japan Waterproof Bags Market by Material Used
10.3.6.4.2Japan Waterproof Bags Market by Application
10.3.6.4.3Japan Waterproof Bags Market by End User
10.3.6.5South Korea Waterproof Bags Market
10.3.6.5.1South Korea Waterproof Bags Market by Material Used
10.3.6.5.2South Korea Waterproof Bags Market by Application
10.3.6.5.3South Korea Waterproof Bags Market by End User
10.3.6.6Rest of Asia-Pacific Waterproof Bags Market
10.3.6.6.1Rest of Asia-Pacific Waterproof Bags Market by Material Used
10.3.6.6.2Rest of Asia-Pacific Waterproof Bags Market by Application
10.3.6.6.3Rest of Asia-Pacific Waterproof Bags Market by End User
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Waterproof Bags Market Overview
10.4.2Middle East and Africa Waterproof Bags Market Forecasts and Analysis
10.4.3Middle East and Africa Waterproof Bags Market Forecasts and Analysis - By Material Used
10.4.4Middle East and Africa Waterproof Bags Market Forecasts and Analysis - By Application
10.4.5Middle East and Africa Waterproof Bags Market Forecasts and Analysis - By End User
10.4.6Middle East and Africa Waterproof Bags Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Waterproof Bags Market
10.4.6.1.1South Africa Waterproof Bags Market by Material Used
10.4.6.1.2South Africa Waterproof Bags Market by Application
10.4.6.1.3South Africa Waterproof Bags Market by End User
10.4.6.2Saudi Arabia Waterproof Bags Market
10.4.6.2.1Saudi Arabia Waterproof Bags Market by Material Used
10.4.6.2.2Saudi Arabia Waterproof Bags Market by Application
10.4.6.2.3Saudi Arabia Waterproof Bags Market by End User
10.4.6.3U.A.E Waterproof Bags Market
10.4.6.3.1U.A.E Waterproof Bags Market by Material Used
10.4.6.3.2U.A.E Waterproof Bags Market by Application
10.4.6.3.3U.A.E Waterproof Bags Market by End User
10.4.6.4Rest of Middle East and Africa Waterproof Bags Market
10.4.6.4.1Rest of Middle East and Africa Waterproof Bags Market by Material Used
10.4.6.4.2Rest of Middle East and Africa Waterproof Bags Market by Application
10.4.6.4.3Rest of Middle East and Africa Waterproof Bags Market by End User
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Waterproof Bags Market Overview
10.5.2South and Central America Waterproof Bags Market Forecasts and Analysis
10.5.3South and Central America Waterproof Bags Market Forecasts and Analysis - By Material Used
10.5.4South and Central America Waterproof Bags Market Forecasts and Analysis - By Application
10.5.5South and Central America Waterproof Bags Market Forecasts and Analysis - By End User
10.5.6South and Central America Waterproof Bags Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Waterproof Bags Market
10.5.6.1.1Brazil Waterproof Bags Market by Material Used
10.5.6.1.2Brazil Waterproof Bags Market by Application
10.5.6.1.3Brazil Waterproof Bags Market by End User
10.5.6.2Argentina Waterproof Bags Market
10.5.6.2.1Argentina Waterproof Bags Market by Material Used
10.5.6.2.2Argentina Waterproof Bags Market by Application
10.5.6.2.3Argentina Waterproof Bags Market by End User
10.5.6.3Rest of South and Central America Waterproof Bags Market
10.5.6.3.1Rest of South and Central America Waterproof Bags Market by Material Used
10.5.6.3.2Rest of South and Central America Waterproof Bags Market by Application
10.5.6.3.3Rest of South and Central America Waterproof Bags Market by End User
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.WATERPROOF BAGS MARKET, KEY COMPANY PROFILES
12.1.4U SPORTING GOODS CO., LTD
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.GUANGZHOU JQX INDUSTRIAL CO., LIMITED
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.HUIAN MINGZHOU LIGHT INDUSTRY BAGS CO., LTD
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.JINJIANG JIAXING COMPANY
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.MAYSKY BAGS CO. LTD
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.NINGBO CLOVER TEXTILE CO. LTD.
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.QUANZHOU HOOSAM BAGS CO. LTD
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.SEALOCK OUTDOOR GEAR 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.SHENZHEN SOCOOLE TECHNOLOGY CO. LTD
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.YIWU GLOBAL BAG CO., LTD
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
1.4U Sporting Goods Co., Ltd
2.Guangzhou JQX Industrial Co., Limited
3.Huian Mingzhou Light Industry Bags Co., Ltd
4.Jinjiang Jiaxing Company
5.Maysky Bags Co. Ltd
6.Ningbo Clover Textile Co. Ltd.
7.Quanzhou Hoosam Bags Co. Ltd
8.Sealock Outdoor Gear Co. Ltd
9.Shenzhen Socoole Technology Co. Ltd
10.Yiwu Global Bag Co., Ltd
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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