Weight Lifting Belts Market Key Players Analysis 2031
Gym goers and professional weight lifters use weight lifting belts to support their abdominal muscles, back muscles, and spine while lifting weights or doing deadlifts. Weight lifting belts are becoming increasingly popular, and they are now readily available for a variety of fitness disciplines and sports, including powerlifting and weightlifting competitions. Wrestlers can use these belts to protect their backs and abs when wrestling.
MARKET DYNAMICS
The market for weight lifting belts is expanding. The raw material utilized to create such belts are durable and require minimum maintenance. These durable materials guarantee that users can use a weight lifting belt for more than a year without experiencing any adverse side effects. This aspect is assisting in increasing total market demand for weight lifting belts. Due to urbanization, an increase in home gyms, physical workout training sessions at home, and high demand due to the rise in global championships and tournaments taking place in different parts of the world, the market is expected to grow.
MARKET SCOPE
The "Global Weight Lifting Belts Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the weight lifting belts market with detailed market segmentation based on product type, material and distribution channel. The global weight lifting belts market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading weight lifting belts market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global weight lifting belts market is segmented into type and distribution channel. By product type, the weight lifting belts market is segmented into buckle, velcro and others. By material, the weight lifting belts market is segmented into leather, nylon and others. By distribution channel, the weight lifting belts market is classified into supermarkets and hypermarkets, specialty stores, online retail, 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 weight lifting belts market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The weight lifting belts 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 weight lifting belts market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 weight lifting belts 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 weight lifting belts market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The weight lifting belts 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 weight lifting belts market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 weight lifting belts in these regions.
MARKET PLAYERS
The report covers vital developments in the weight lifting belts 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 partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the weight lifting belts are anticipated to lucrative growth opportunities in the future with the rising demand for weight lifting belts in the global market. Below mentioned is the list of few companies engaged in the weight lifting belts market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the weight lifting belts market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Gifafi Industries
- Rogue Fitness
- Harbinger Fitness
- Inzer Advance Designs
- Dark Iron Fitness
- Elevate Equipment
- Gunsmith Fitness
- Evo Fitness
- Maxx
- Alpha Designs
- 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
1.3.1Weight Lifting Belts Market - By Product Type
1.3.2Weight Lifting Belts Market - By Material
1.3.3Weight Lifting Belts Market - By Distribution Channel
1.3.4Weight Lifting Belts Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.WEIGHT LIFTING BELTS 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.WEIGHT LIFTING BELTS 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.WEIGHT LIFTING BELTS MARKET - GLOBAL MARKET ANALYSIS
6.1.WEIGHT LIFTING BELTS - GLOBAL MARKET OVERVIEW
6.2.WEIGHT LIFTING BELTS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.WEIGHT LIFTING BELTS MARKET - REVENUE AND FORECASTS TO 2028 â" PRODUCT TYPE
7.1.OVERVIEW
7.2.PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3.BUCKLE
7.3.1.Overview
7.3.2.Buckle Market Forecast and Analysis
7.4.VELCRO
7.4.1.Overview
7.4.2.Velcro Market Forecast and Analysis
7.5.OTHERS
7.5.1.Overview
7.5.2.Others Market Forecast and Analysis
8.WEIGHT LIFTING BELTS MARKET - REVENUE AND FORECASTS TO 2028 â" MATERIAL
8.1.OVERVIEW
8.2.MATERIAL MARKET FORECASTS AND ANALYSIS
8.3.LEATHER
8.3.1.Overview
8.3.2.Leather Market Forecast and Analysis
8.4.NYLON
8.4.1.Overview
8.4.2.Nylon Market Forecast and Analysis
8.5.OTHERS
8.5.1.Overview
8.5.2.Others Market Forecast and Analysis
9.WEIGHT LIFTING BELTS MARKET - REVENUE AND FORECASTS TO 2028 â" DISTRIBUTION CHANNEL
9.1.OVERVIEW
9.2.DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3.SUPERMARKETS AND HYPERMARKETS
9.3.1.Overview
9.3.2.Supermarkets and Hypermarkets Market Forecast and Analysis
9.4.SPECIALTY STORES
9.4.1.Overview
9.4.2.Specialty Stores Market Forecast and Analysis
9.5.ONLINE RETAIL
9.5.1.Overview
9.5.2.Online Retail Market Forecast and Analysis
9.6.OTHERS
9.6.1.Overview
9.6.2.Others Market Forecast and Analysis
10.WEIGHT LIFTING BELTS MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Weight Lifting Belts Market Overview
10.1.2North America Weight Lifting Belts Market Forecasts and Analysis
10.1.3North America Weight Lifting Belts Market Forecasts and Analysis - By Product Type
10.1.4North America Weight Lifting Belts Market Forecasts and Analysis - By Material
10.1.5North America Weight Lifting Belts Market Forecasts and Analysis - By Distribution Channel
10.1.6North America Weight Lifting Belts Market Forecasts and Analysis - By Countries
10.1.6.1United States Weight Lifting Belts Market
10.1.6.1.1United States Weight Lifting Belts Market by Product Type
10.1.6.1.2United States Weight Lifting Belts Market by Material
10.1.6.1.3United States Weight Lifting Belts Market by Distribution Channel
10.1.6.2Canada Weight Lifting Belts Market
10.1.6.2.1Canada Weight Lifting Belts Market by Product Type
10.1.6.2.2Canada Weight Lifting Belts Market by Material
10.1.6.2.3Canada Weight Lifting Belts Market by Distribution Channel
10.1.6.3Mexico Weight Lifting Belts Market
10.1.6.3.1Mexico Weight Lifting Belts Market by Product Type
10.1.6.3.2Mexico Weight Lifting Belts Market by Material
10.1.6.3.3Mexico Weight Lifting Belts Market by Distribution Channel
10.2.EUROPE
10.2.1Europe Weight Lifting Belts Market Overview
10.2.2Europe Weight Lifting Belts Market Forecasts and Analysis
10.2.3Europe Weight Lifting Belts Market Forecasts and Analysis - By Product Type
10.2.4Europe Weight Lifting Belts Market Forecasts and Analysis - By Material
10.2.5Europe Weight Lifting Belts Market Forecasts and Analysis - By Distribution Channel
10.2.6Europe Weight Lifting Belts Market Forecasts and Analysis - By Countries
10.2.6.1Germany Weight Lifting Belts Market
10.2.6.1.1Germany Weight Lifting Belts Market by Product Type
10.2.6.1.2Germany Weight Lifting Belts Market by Material
10.2.6.1.3Germany Weight Lifting Belts Market by Distribution Channel
10.2.6.2France Weight Lifting Belts Market
10.2.6.2.1France Weight Lifting Belts Market by Product Type
10.2.6.2.2France Weight Lifting Belts Market by Material
10.2.6.2.3France Weight Lifting Belts Market by Distribution Channel
10.2.6.3Italy Weight Lifting Belts Market
10.2.6.3.1Italy Weight Lifting Belts Market by Product Type
10.2.6.3.2Italy Weight Lifting Belts Market by Material
10.2.6.3.3Italy Weight Lifting Belts Market by Distribution Channel
10.2.6.4United Kingdom Weight Lifting Belts Market
10.2.6.4.1United Kingdom Weight Lifting Belts Market by Product Type
10.2.6.4.2United Kingdom Weight Lifting Belts Market by Material
10.2.6.4.3United Kingdom Weight Lifting Belts Market by Distribution Channel
10.2.6.5Russia Weight Lifting Belts Market
10.2.6.5.1Russia Weight Lifting Belts Market by Product Type
10.2.6.5.2Russia Weight Lifting Belts Market by Material
10.2.6.5.3Russia Weight Lifting Belts Market by Distribution Channel
10.2.6.6Rest of Europe Weight Lifting Belts Market
10.2.6.6.1Rest of Europe Weight Lifting Belts Market by Product Type
10.2.6.6.2Rest of Europe Weight Lifting Belts Market by Material
10.2.6.6.3Rest of Europe Weight Lifting Belts Market by Distribution Channel
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Weight Lifting Belts Market Overview
10.3.2Asia-Pacific Weight Lifting Belts Market Forecasts and Analysis
10.3.3Asia-Pacific Weight Lifting Belts Market Forecasts and Analysis - By Product Type
10.3.4Asia-Pacific Weight Lifting Belts Market Forecasts and Analysis - By Material
10.3.5Asia-Pacific Weight Lifting Belts Market Forecasts and Analysis - By Distribution Channel
10.3.6Asia-Pacific Weight Lifting Belts Market Forecasts and Analysis - By Countries
10.3.6.1Australia Weight Lifting Belts Market
10.3.6.1.1Australia Weight Lifting Belts Market by Product Type
10.3.6.1.2Australia Weight Lifting Belts Market by Material
10.3.6.1.3Australia Weight Lifting Belts Market by Distribution Channel
10.3.6.2China Weight Lifting Belts Market
10.3.6.2.1China Weight Lifting Belts Market by Product Type
10.3.6.2.2China Weight Lifting Belts Market by Material
10.3.6.2.3China Weight Lifting Belts Market by Distribution Channel
10.3.6.3India Weight Lifting Belts Market
10.3.6.3.1India Weight Lifting Belts Market by Product Type
10.3.6.3.2India Weight Lifting Belts Market by Material
10.3.6.3.3India Weight Lifting Belts Market by Distribution Channel
10.3.6.4Japan Weight Lifting Belts Market
10.3.6.4.1Japan Weight Lifting Belts Market by Product Type
10.3.6.4.2Japan Weight Lifting Belts Market by Material
10.3.6.4.3Japan Weight Lifting Belts Market by Distribution Channel
10.3.6.5South Korea Weight Lifting Belts Market
10.3.6.5.1South Korea Weight Lifting Belts Market by Product Type
10.3.6.5.2South Korea Weight Lifting Belts Market by Material
10.3.6.5.3South Korea Weight Lifting Belts Market by Distribution Channel
10.3.6.6Rest of Asia-Pacific Weight Lifting Belts Market
10.3.6.6.1Rest of Asia-Pacific Weight Lifting Belts Market by Product Type
10.3.6.6.2Rest of Asia-Pacific Weight Lifting Belts Market by Material
10.3.6.6.3Rest of Asia-Pacific Weight Lifting Belts Market by Distribution Channel
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Weight Lifting Belts Market Overview
10.4.2Middle East and Africa Weight Lifting Belts Market Forecasts and Analysis
10.4.3Middle East and Africa Weight Lifting Belts Market Forecasts and Analysis - By Product Type
10.4.4Middle East and Africa Weight Lifting Belts Market Forecasts and Analysis - By Material
10.4.5Middle East and Africa Weight Lifting Belts Market Forecasts and Analysis - By Distribution Channel
10.4.6Middle East and Africa Weight Lifting Belts Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Weight Lifting Belts Market
10.4.6.1.1South Africa Weight Lifting Belts Market by Product Type
10.4.6.1.2South Africa Weight Lifting Belts Market by Material
10.4.6.1.3South Africa Weight Lifting Belts Market by Distribution Channel
10.4.6.2Saudi Arabia Weight Lifting Belts Market
10.4.6.2.1Saudi Arabia Weight Lifting Belts Market by Product Type
10.4.6.2.2Saudi Arabia Weight Lifting Belts Market by Material
10.4.6.2.3Saudi Arabia Weight Lifting Belts Market by Distribution Channel
10.4.6.3U.A.E Weight Lifting Belts Market
10.4.6.3.1U.A.E Weight Lifting Belts Market by Product Type
10.4.6.3.2U.A.E Weight Lifting Belts Market by Material
10.4.6.3.3U.A.E Weight Lifting Belts Market by Distribution Channel
10.4.6.4Rest of Middle East and Africa Weight Lifting Belts Market
10.4.6.4.1Rest of Middle East and Africa Weight Lifting Belts Market by Product Type
10.4.6.4.2Rest of Middle East and Africa Weight Lifting Belts Market by Material
10.4.6.4.3Rest of Middle East and Africa Weight Lifting Belts Market by Distribution Channel
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Weight Lifting Belts Market Overview
10.5.2South and Central America Weight Lifting Belts Market Forecasts and Analysis
10.5.3South and Central America Weight Lifting Belts Market Forecasts and Analysis - By Product Type
10.5.4South and Central America Weight Lifting Belts Market Forecasts and Analysis - By Material
10.5.5South and Central America Weight Lifting Belts Market Forecasts and Analysis - By Distribution Channel
10.5.6South and Central America Weight Lifting Belts Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Weight Lifting Belts Market
10.5.6.1.1Brazil Weight Lifting Belts Market by Product Type
10.5.6.1.2Brazil Weight Lifting Belts Market by Material
10.5.6.1.3Brazil Weight Lifting Belts Market by Distribution Channel
10.5.6.2Argentina Weight Lifting Belts Market
10.5.6.2.1Argentina Weight Lifting Belts Market by Product Type
10.5.6.2.2Argentina Weight Lifting Belts Market by Material
10.5.6.2.3Argentina Weight Lifting Belts Market by Distribution Channel
10.5.6.3Rest of South and Central America Weight Lifting Belts Market
10.5.6.3.1Rest of South and Central America Weight Lifting Belts Market by Product Type
10.5.6.3.2Rest of South and Central America Weight Lifting Belts Market by Material
10.5.6.3.3Rest of South and Central America Weight Lifting Belts Market by Distribution Channel
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.WEIGHT LIFTING BELTS MARKET, KEY COMPANY PROFILES
12.1.GIFAFI INDUSTRIES
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.ROGUE FITNESS
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.HARBINGER FITNESS
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.INZER ADVANCE DESIGNS
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.DARK IRON FITNESS
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.ELEVATE EQUIPMENT
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.GUNSMITH FITNESS
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.EVO FITNESS
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.MAXX
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.ALPHA DESIGNS
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.Gifafi Industries
2.Rogue Fitness
3.Harbinger Fitness
4.Inzer Advance Designs
5.Dark Iron Fitness
6.Elevate Equipment
7.Gunsmith Fitness
8.Evo Fitness
9.Maxx
10.Alpha Designs
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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