[Research Report] The mosquito traps market size is expected to grow from US$ 364.62 million in 2022 to US$ 597.48 million by 2030; it is estimated to register a CAGR of 6.4% from 2022 to 2030.
Market Insights and Analyst View:
Mosquito traps are devices designed to attract and capture/kill mosquitos, offering a more environmentally friendly and targeted approach to mosquito control compared to traditional chemical insecticides. The market’s growth is primarily driven by increasing awareness of mosquito-borne diseases such as malaria, dengue, Zika virus, and chikungunya, which spurred the demand for effective mosquito control solutions. Additionally, concerns over the environmental impact of chemical insecticides have led consumers and governments to seek alternative solutions such as mosquito traps. Furthermore, advancements in technology and research have led to the development of more sophisticated and efficient mosquito traps, with features such as attractants mimicking human body odors and carbon dioxide to lure mosquitoes. This factor is significantly driving the global mosquito traps market growth.
Growth Drivers and Challenges:
Governments and public health organizations across the world are recognizing the significance of mosquito control to combat mosquito-borne diseases and protect public health. The initiatives by government and public health organizations include implementing mosquito control strategies, promoting the use of effective mosquito traps, and creating awareness regarding mosquito control methods. Governments of many countries have announced mosquito surveillance programs, with goals to monitor mosquito population and assess disease transmission risks. Furthermore, according to the World Health Organization, over 700 thousand deaths were recorded worldwide as of March 2020 due to diseases such as malaria, dengue, schistosomiasis, human African trypanosomiasis, leishmaniasis, Chagas disease, yellow fever, Japanese encephalitis, and onchocerciasis, generally spread by mosquitoes. The prevalence of mosquito-borne diseases differs as per the geographic location due to climate change, public health interventions, and vector control efforts. However, The availability of a wide range of alternatives or substitutes to mosquito traps offers customers a range of mosquito control options based on preferences and specific requirements. Chemical insecticides are available in various forms, such as sprays, coils, lotions, and repellents. Mosquito repellents generally contain active ingredients such as DEET (i.e., N, N-diethyl-meta-toluamide), picaridin, or natural oils—such as citronella, lemongrass, or eucalyptus. Larvicides are chemicals that target mosquito larvae to control mosquito breeding in stagnant water bodies. This factor hinders the demand for mosquito traps.
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Mosquito Traps Market: Strategic Insights
Market Size Value in US$ 364.62 million in 2022 Market Size Value by US$ 597.48 million by 2030 Growth rate CAGR of 6.4% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Mosquito Traps Market: Strategic Insights
| Market Size Value in | US$ 364.62 million in 2022 |
| Market Size Value by | US$ 597.48 million by 2030 |
| Growth rate | CAGR of 6.4% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Report Segmentation and Scope:
The “Global Mosquito Traps Market” is segmented on the basis of product type, category, and distribution channel. Based on product type, the mosquito traps market is segmented into electric shock mosquito killer, photocatalytic mosquito killer, and sticky trap mosquito killer. By category, the mosquito traps market is segmented into outdoor and indoor. Based on distribution channel, the mosquito traps market is segmented into direct sales (direct offline sales and direct online sales) and retail sales (supermarkets & hypermarkets, specialty stores, online retail, and others). Geographically, the market is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
Segmental Analysis:
Based on product type, the mosquito traps market is segmented into electric shock mosquito killer, photocatalytic mosquito killer, and sticky trap mosquito killer. The electric shock mosquito killer segment held the largest market share in 2022. Electric shock mosquito killer consists of an ultraviolet source or attraction mechanism, fan or suction mechanism, electric grid, collection tray, and safety features. Mosquitoes are zapped by electric charge resulting in immediate elimination in the electric grid trap. Electric shock mosquito traps are chemical-free, nontoxic, and long-lasting mosquito control option. Electric shock mosquito killer offers large coverage areas and can be installed in outdoor spaces and gardens. By category, the mosquito traps market is segmented into outdoor and indoor. The mosquito traps market share for the indoor segment was the largest in 2022. Mosquito traps are designed to capture and eliminate mosquitoes in indoor spaces, including residential buildings, offices, company corridors, public organizations, healthcare facilities, and educational institutes. The traps are safe and nontoxic alternative to chemical insecticides or repellents. Based on distribution channel, the mosquito traps market is segmented into direct sales (direct offline sales and direct online sales) and retail sales (supermarkets & hypermarkets, specialty stores, online retail, and others). The mosquito traps market share for the retail sales segment was the largest in 2022. Supermarkets and hypermarkets are large retail establishments that sell a wide range of products, including groceries, personal care, and household products. Smart arrangement and display of products in supermarkets and hypermarkets allow shoppers to find the right product quickly.
Regional Analysis:
Geographically, the mosquito traps market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. Asia Pacific dominated the global mosquito traps market share and accounted for over US$ 120 million in 2022. Asia Pacific is a major contributor to the global market. South & Central America is expected to register a considerable CAGR of around 4% from 2022 to 2030. The mosquito traps market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America. One of the major factors bolstering the market growth in this region is the increasing mosquito-borne diseases. Brazil has the highest number of dengue cases globally, with 3.2 million cases and 800 deaths reported during 2009–2014. The country has also been severely affected by outbreaks of Zika virus and chikungunya in the last few years. Thus, the increase in mosquito-borne diseases is expected to expand the mosquito trap market in the coming years. The Europe mosquito traps market is expected to reach over US$ 150 million by 2030.
Industry Developments and Future Opportunities:
Various initiatives taken by the key players operating in the mosquito traps market are listed below:
- In March 2023, COKIT introduced the latest toxin-free UV Light Insect Trap. The company is renowned for leveraging cutting-edge technology and the finest quality materials to produce state-of-the-art pest traps.
Mosquito Traps Market Report Scope
COVID-19 Impact:
The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the chemicals & materials industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies reported delays in product deliveries and a slump in their product sales in 2020. Due to the pandemic-induced economic recession, consumers became cautious and selective in purchasing decisions. Consumers significantly reduced nonessential purchases due to lower incomes and uncertain earning prospects, especially in developing regions. Many manufacturers of mosquito traps faced declining profits due to reduced consumer demand during the initial phase of the pandemic. However, by the end of 2021, many countries were fully vaccinated, and governments announced relaxation in certain regulations, including lockdowns and travel bans. People started traveling to different places, which increased the demand for mosquito traps. All these factors positively impacted the growth of the mosquito trap market across different regions.
Competitive Landscape and Key Companies:
Woodstream Corp, Inzecto Corp, TNT Mosquito LLC, Novelty Manufacturing Co, Milo Enterprises Inc, Armatron International Inc, Kensizer Inc, Awoco, Shenzhen Tesenni Industrial Co Ltd, and Biogents AG are among the prominent players operating in the global mosquito traps market. These players offer high-quality mosquito traps and cater to many consumers in the global market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Category, Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Asia Pacific accounted for the largest share of the global mosquito traps market. Asia Pacific is one of the most significant regions for the mosquito traps market owing to drastic increase in the mosquito-borne diseases in the region.
Based on the category, indoor segment is projected to grow at the fastest CAGR over the forecast period. Mosquito traps are majorly used inside spaces or indoors to keep the space mosquito free. Mosquito traps are designed to capture and eliminate mosquitoes in indoor spaces, including residential buildings, offices, company corridors, public organizations, healthcare facilities, and educational institutes.
Based on product type, electric shock mosquito killer segment mainly has the largest revenue share. The growth of the segment is attributed to the excellent properties of the electric shock mosquito killer. Electric shock mosquito killer consists of an ultraviolet source or attraction mechanism, fan or suction mechanism, electric grid, collection tray, and safety features. Mosquitoes are zapped by electric charge resulting in immediate elimination in the electric grid trap.
Governments and public health organizations across the world are recognizing the significance of mosquito control to combat mosquito-borne diseases and protect public health. The initiatives by government and public health organizations include implementing mosquito control strategies, promoting the use of effective mosquito traps, and creating awareness regarding mosquito control methods. Governments of many countries have announced mosquito surveillance programs, with goals to monitor mosquito population and assess disease transmission risks.
The major players operating in the global mosquito traps market are Woodstream Corp, Inzecto Corp, TNT Mosquito LLC, Novelty Manufacturing Co, Milo Enterprises Inc, Armatron International Inc, Kensizer Inc, Awoco, Shenzhen Tesenni Industrial Co Ltd, and Biogents AG.
Online channels such as e-commerce sites, online marketplace, and social media are major platforms for consumers seeking a wide range of mosquito control solutions. Customers can browse and buy mosquito traps through e-commerce websites conveniently. Online channels enable manufacturers and retailers to reach a global customer base and expand market reach. E-commerce websites ensure the provision of technical information to customers by offering detailed product information, specifications, and installation guide for mosquito traps.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. Global Mosquito Traps Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End-Users
4.3.5 List of Vendors in the Value Chain
5. Global Mosquito Traps Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Government Initiatives and Awareness Campaigns
5.1.2 Rising Preference for Environment-Friendly Mosquito Control Method
5.2 Market Restraints
5.2.1 Availability of Alternative Mosquito Control Methods
5.3 Market Opportunity
5.3.1 Convenience Driven by E-Commerce and Online Sales Channel
5.4 Future Trends
5.4.1 Strategic Product Launches and Innovations in Mosquito Traps Market
5.5 Impact Analysis
6. Mosquito Traps Market - Global Market Analysis
6.1 Global Mosquito Traps Market Revenue (US$ Million)
6.2 Global Mosquito Traps Market Forecast and Analysis
7. Global Mosquito Traps Market Analysis - Product Type
7.1 Electric Shock Mosquito Killer
7.1.1 Overview
7.1.2 Electric Shock Mosquito Killer Market Revenue and Forecast to 2030 (US$ Million)
7.2 Photocatalytic Mosquito Killer
7.2.1 Overview
7.2.2 Photocatalytic Mosquito Killer Market Revenue and Forecast to 2030 (US$ Million)
7.3 Sticky Trap Mosquito Killer
7.3.1 Overview
7.3.2 Sticky Trap Mosquito Killer Market Revenue and Forecast to 2030 (US$ Million)
8. Global Mosquito Traps Market Analysis - Category
8.1 Outdoor
8.1.1 Overview
8.2 Indoor
8.2.1 Overview
9. Global Mosquito Traps Market Analysis – Distribution Channel
9.1 Direct Sales
9.2 Direct Offline Sales
9.2.1 Overview
9.2.2 Direct Offline Sales Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Direct Online Sales
9.3.1 Overview
9.3.2 Direct Online Sales Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Retail Sales
9.4.1 Retail Sales Market Revenue and Forecast to 2030 (US$ Million)
9.5 Supermarkets and Hypermarkets
9.5.1 Overview
9.5.2 Supermarkets and Hypermarkets Market Revenue and Forecast to 2030 (US$ Million)
9.6 Specialty Stores
9.6.1 Overview
9.6.2 Specialty Stores Market Revenue and Forecast to 2030 (US$ Million)
9.7 Online Retail
9.7.1 Overview
9.7.2 Online Retail Market Revenue and Forecast to 2030 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others Market Revenue and Forecast to 2030 (US$ Million)
10. Global Mosquito Traps Market - Geographical Analysis
10.1 North America
10.1.1 North America Mosquito Traps Market Overview
10.1.2 North America Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.1.3 North America Mosquito Traps Market Breakdown by Product Type
10.1.3.1 North America Mosquito Traps Market Revenue and Forecasts and Analysis - By Product Type
10.1.4 North America Mosquito Traps Market Breakdown by Category
10.1.4.1 North America Mosquito Traps Market Revenue and Forecasts and Analysis - By Category
10.1.5 North America Mosquito Traps Market Breakdown by Distribution Channel
10.1.5.1 North America Mosquito Traps Market Revenue and Forecasts and Analysis - By Distribution Channel
10.1.6 North America Mosquito Traps Market Revenue and Forecasts and Analysis - By Countries
10.1.6.1 Mosquito Traps Market Breakdown by Country
10.1.6.2 US Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.1.6.2.1 US Mosquito Traps Market Breakdown by Product Type
10.1.6.2.2 US Mosquito Traps Market Breakdown by Category
10.1.6.2.3 US Mosquito Traps Market Breakdown by Distribution Channel
10.1.6.3 Canada Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.1.6.3.1 Canada Mosquito Traps Market Breakdown by Product Type
10.1.6.3.2 Canada Mosquito Traps Market Breakdown by Category
10.1.6.3.3 Canada Mosquito Traps Market Breakdown by Distribution Channel
10.1.6.4 Mexico Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.1.6.4.1 Mexico Mosquito Traps Market Breakdown by Product Type
10.1.6.4.2 Mexico Mosquito Traps Market Breakdown by Category
10.1.6.4.3 Mexico Mosquito Traps Market Breakdown by Distribution Channel
10.2 Europe
10.2.1 Europe Mosquito Traps Market Overview
10.2.2 Europe Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.2.3 Europe Mosquito Traps Market Breakdown by Product Type
10.2.3.1 Europe Mosquito Traps Market Revenue and Forecasts and Analysis - By Product Type
10.2.4 Europe Mosquito Traps Market Breakdown by Category
10.2.4.1 Europe Mosquito Traps Market Revenue and Forecasts and Analysis - By Category
10.2.5 Europe Mosquito Traps Market Breakdown by Distribution Channel
10.2.5.1 Europe Mosquito Traps Market Revenue and Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Mosquito Traps Market Revenue and Forecasts and Analysis - By Countries
10.2.6.1 Mosquito Traps Market Breakdown by Country
10.2.6.2 Germany Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.2.1 Germany Mosquito Traps Market Breakdown by Product Type
10.2.6.2.2 Germany Mosquito Traps Market Breakdown by Category
10.2.6.2.3 Germany Mosquito Traps Market Breakdown by Distribution Channel
10.2.6.3 France Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.3.1 France Mosquito Traps Market Breakdown by Product Type
10.2.6.3.2 France Mosquito Traps Market Breakdown by Category
10.2.6.3.3 France Mosquito Traps Market Breakdown by Distribution Channel
10.2.6.4 Italy Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.4.1 Italy Mosquito Traps Market Breakdown by Product Type
10.2.6.4.2 Italy Mosquito Traps Market Breakdown by Category
10.2.6.4.3 Italy Mosquito Traps Market Breakdown by Distribution Channel
10.2.6.5 UK Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.5.1 UK Mosquito Traps Market Breakdown by Product Type
10.2.6.5.2 UK Mosquito Traps Market Breakdown by Category
10.2.6.5.3 UK Mosquito Traps Market Breakdown by Distribution Channel
10.2.6.6 Russia Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.6.1 Russia Mosquito Traps Market Breakdown by Product Type
10.2.6.6.2 Russia Mosquito Traps Market Breakdown by Category
10.2.6.6.3 Russia Mosquito Traps Market Breakdown by Distribution Channel
10.2.6.7 Rest of Europe Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.7.1 Rest of Europe Mosquito Traps Market Breakdown by Product Type
10.2.6.7.2 Rest of Europe Mosquito Traps Market Breakdown by Category
10.2.6.7.3 Rest of Europe Mosquito Traps Market Breakdown by Distribution Channel
10.3 Asia Pacific
10.3.1 Overview
10.3.2 Asia Pacific Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
10.3.3 Asia Pacific Mosquito Traps Market Breakdown by Product Type
10.3.3.1 Asia Pacific Mosquito Traps Market Revenue and Forecasts and Analysis - By Product Type
10.3.4 Asia Pacific Mosquito Traps Market Breakdown by Category
10.3.4.1 Asia Pacific Mosquito Traps Market Revenue and Forecasts and Analysis - By Category
10.3.5 Asia Pacific Mosquito Traps Market Breakdown by Distribution Channel
10.3.5.1 Asia Pacific Mosquito Traps Market Revenue and Forecasts and Analysis - By Distribution Channel
10.3.6 Asia Pacific Mosquito Traps Market Breakdown by Country
10.3.6.1 Mosquito Traps Market Breakdown by Country
10.3.6.2 Australia Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
10.3.6.2.1 Australia Mosquito Traps Market Breakdown by Product Type
10.3.6.2.2 Australia Mosquito Traps Market Breakdown by Category
10.3.6.2.3 Australia Mosquito Traps Market Breakdown by Distribution Channel
10.3.6.3 China Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
10.3.6.3.1 China Mosquito Traps Market Breakdown by Product Type
10.3.6.3.2 China Mosquito Traps Market Breakdown by Category
10.3.6.3.3 China Mosquito Traps Market Breakdown by Distribution Channel
10.3.6.4 India Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
10.3.6.4.1 India Mosquito Traps Market Breakdown by Product Type
10.3.6.4.2 India Mosquito Traps Market Breakdown by Category
10.3.6.4.3 India Mosquito Traps Market Breakdown by Distribution Channel
10.3.6.5 Japan Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
10.3.6.5.1 Japan Mosquito Traps Market Breakdown by Product Type
10.3.6.5.2 Japan Mosquito Traps Market Breakdown by Category
10.3.6.5.3 Japan Mosquito Traps Market Breakdown by Distribution Channel
10.3.6.6 South Korea Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
10.3.6.6.1 South Korea Mosquito Traps Market Breakdown by Product Type
10.3.6.6.2 South Korea Mosquito Traps Market Breakdown by Category
10.3.6.6.3 South Korea Mosquito Traps Market Breakdown by Distribution Channel
10.3.6.7 Rest of Asia Pacific Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
10.3.6.7.1 Rest of Asia Pacific Mosquito Traps Market Breakdown by Product Type
10.3.6.7.2 Rest of Asia Pacific Mosquito Traps Market Breakdown by Category
10.3.6.7.3 Rest of Asia Pacific Mosquito Traps Market Breakdown by Distribution Channel
10.4 Middle East & Africa
10.4.1 Middle East & Africa Mosquito Traps Market Overview
10.4.2 Middle East & Africa Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.4.3 Middle East & Africa Mosquito Traps Market Breakdown by Product Type
10.4.3.1 Middle East & Africa Mosquito Traps Market and Forecasts and Analysis - By Product Type
10.4.4 Middle East & Africa Mosquito Traps Market Breakdown by Category
10.4.4.1 Middle East & Africa Mosquito Traps Market and Forecasts and Analysis - By Category
10.4.5 Middle East & Africa Mosquito Traps Market Breakdown by Distribution Channel
10.4.5.1 Middle East & Africa Mosquito Traps Market and Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East & Africa Mosquito Traps Market Revenue and Forecasts and Analysis - By Countries
10.4.6.1 Mosquito Traps Market Breakdown by Country
10.4.6.2 South Africa Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.2.1 South Africa Mosquito Traps Market Breakdown by Product Type
10.4.6.2.2 South Africa Mosquito Traps Market Breakdown by Category
10.4.6.2.3 South Africa Mosquito Traps Market Breakdown by Distribution Channel
10.4.6.3 Saudi Arabia Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.3.1 Saudi Arabia Mosquito Traps Market Breakdown by Product Type
10.4.6.3.2 Saudi Arabia Mosquito Traps Market Breakdown by Category
10.4.6.3.3 Saudi Arabia Mosquito Traps Market Breakdown by Distribution Channel
10.4.6.4 UAE Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.4.1 UAE Mosquito Traps Market Breakdown by Product Type
10.4.6.4.2 UAE Mosquito Traps Market Breakdown by Category
10.4.6.4.3 UAE Mosquito Traps Market Breakdown by Distribution Channel
10.4.6.5 Rest of Middle East & Africa Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.5.1 Rest of Middle East & Africa Mosquito Traps Market Breakdown by Product Type
10.4.6.5.2 Rest of Middle East & Africa Mosquito Traps Market Breakdown by Category
10.4.6.5.3 Rest of Middle East & Africa Mosquito Traps Market Breakdown by Distribution Channel
10.5 South & Central America
10.5.1 South & Central America Mosquito Traps Market Overview
10.5.2 South & Central America Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.5.3 South & Central America Mosquito Traps Market Breakdown by Product Type
10.5.3.1 South & Central America Mosquito Traps Market and Forecasts and Analysis - By Product Type
10.5.4 South & Central America Mosquito Traps Market Breakdown by Category
10.5.4.1 South & Central America Mosquito Traps Market Revenue and Forecasts and Analysis - By Category
10.5.5 South & Central America Mosquito Traps Market Breakdown by Distribution Channel
10.5.5.1 South & Central America Mosquito Traps Market Revenue and Forecasts and Analysis - By Distribution Channel
10.5.6 South & Central America Mosquito Traps Market Revenue and Forecasts and Analysis - By Countries
10.5.6.1 Mosquito Traps Market Breakdown by Country
10.5.6.2 Brazil Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.5.6.2.1 Brazil Mosquito Traps Market Breakdown by Product Type
10.5.6.2.2 Brazil Mosquito Traps Market Breakdown by Category
10.5.6.2.3 Brazil Mosquito Traps Market Breakdown by Distribution Channel
10.5.6.3 Argentina Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.5.6.3.1 Argentina Mosquito Traps Market Breakdown by Product Type
10.5.6.3.2 Argentina Mosquito Traps Market Breakdown by Category
10.5.6.3.3 Argentina Mosquito Traps Market Breakdown by Distribution Channel
10.5.6.4 Rest of South & Central America Mosquito Traps Market Revenue and Forecasts to 2030 (US$ Million)
10.5.6.4.1 Rest of South & Central America Mosquito Traps Market Breakdown by Product Type
10.5.6.4.2 Rest of South & Central America Mosquito Traps Market Breakdown by Category
10.5.6.4.3 Rest of South & Central America Mosquito Traps Market Breakdown by Distribution Channel
11. Mosquito Traps Market - Impact of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 New Product Development
12.3 Merger and Acquisition
13. Competitive Landscape
13.1 Heat Map Analysis By Key Players
13.2 Company Positioning & Concentration
14. Company Profiles
14.1 Woodstream Corp
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Inzecto Corp
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 TNT Mosquito LLC
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Novelty Manufacturing Co
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Milo Enterprises Inc
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Armatron International Inc
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Kensizer Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Awoco
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Shenzhen Tesenni Industrial Co Ltd
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Biogents AG
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
List of Tables
Table 1. Global Mosquito Traps Market Segmentation
Table 2. Global Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Global Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 4. Global Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 5. Global Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 6. North America Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 7. North America Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 8. North America Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 9. US Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 10. US Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 11. US Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 12. Canada Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 13. Canada Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 14. Canada Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 15. Mexico Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 16. Mexico Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 17. Mexico Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 18. Europe Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 19. Europe Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 20. Europe Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 21. Germany Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 22. Germany Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 23. Germany Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 24. France Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 25. France Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 26. France Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 27. Italy Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 28. Italy Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 29. Italy Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 30. UK Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 31. UK Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 32. UK Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 33. Russia Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 34. Russia Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 35. Russia Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 36. Rest of Europe Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 37. Rest of Europe Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 38. Rest of Europe Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 39. Asia Pacific Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 40. Asia Pacific Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 41. Asia Pacific Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 42. Australia Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 43. Australia Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 44. Australia Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 45. China Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 46. China Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 47. China Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 48. India Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 49. India Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 50. India Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 51. Japan Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 52. Japan Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 53. Japan Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 54. South Korea Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 55. South Korea Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 56. South Korea Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 57. Rest of Asia Pacific Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 58. Rest of Asia Pacific Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 59. Rest of Asia Pacific Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 60. Middle East & Africa Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 61. Middle East & Africa Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 62. Middle East & Africa Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 63. South Africa Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 64. South Africa Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 65. South Africa Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 66. Saudi Arabia Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 67. Saudi Arabia Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 68. Saudi Arabia Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 69. UAE Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 70. UAE Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 71. UAE Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 72. Rest of Middle East & Africa Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Table 73. Rest of Middle East & Africa Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 74. Rest of Middle East & Africa Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 75. Rest of Middle East & Africa Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 76. South & Central America Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 77. South & Central America Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 78. South & Central America Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 79. Brazil Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 80. Brazil Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 81. Brazil Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 82. Argentina Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 83. Argentina Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 84. Argentina Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 85. Rest of South & Central America Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 86. Rest of South & Central America Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 87. Rest of South & Central America Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 88. Company Positioning & Concentration
List of Figures
Figure 1. Global Mosquito Traps Market Segmentation, By Geography
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem Analysis: Mosquito Traps Market
Figure 4. Mosquito Traps Market - Key Industry Dynamics
Figure 5. Global Mosquito Traps Market Impact Analysis of Drivers and Restraints
Figure 6. Global Mosquito Traps Market Revenue (US$ Million), 2020 – 2030
Figure 7. Global Mosquito Traps Market Share (%) – Product Type, 2022 and 2030
Figure 8. Electric Shock Mosquito Killer Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Photocatalytic Mosquito Killer Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Sticky Trap Mosquito Killer Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Global Mosquito Traps Market Share (%) –Category, 2022 and 2030
Figure 12. Outdoor Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Indoor Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Global Mosquito Traps Market Share (%) – Distribution Channel, 2022 and 2030
Figure 15. Direct Sales Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Direct Offline Sales Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Direct Online Sales Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Retail Sales Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Supermarkets and Hypermarkets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Specialty Stores Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Online Retail Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Global Mosquito Traps Market Breakdown by Geography, 2022 and 2030 (%)
Figure 24. Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. Mosquito Traps Market Breakdown by Product Type (2022 and 2030)
Figure 26. Mosquito Traps Market Breakdown by Category (2022 and 2030)
Figure 27. Mosquito Traps Market Breakdown by Distribution Channel (2022 and 2030)
Figure 28. Mosquito Traps Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 29. US Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 30. Canada Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 31. Mexico Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 32. Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 33. Mosquito Traps Market Breakdown by Product Type (2022 and 2030)
Figure 34. Mosquito Traps Market Breakdown by Category (2022 and 2030)
Figure 35. Mosquito Traps Market Breakdown by Distribution Channel (2022 and 2030)
Figure 36. Mosquito Traps Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 37. Germany Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 38. France Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 39. Italy Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 40. UK Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 41. Russia Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 42. Rest of Europe Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 43. Asia Pacific Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 44. Asia Pacific Mosquito Traps Market Breakdown by Product Type (2022 and 2023)
Figure 45. Asia Pacific Mosquito Traps Market Breakdown by Category (2022 and 2023)
Figure 46. Asia Pacific Mosquito Traps Market Breakdown by Distribution Channel (2022 and 2023)
Figure 47. Asia Pacific Mosquito Traps Market Breakdown By Key Countries, 2022 And 2030 (%)
Figure 48. Australia Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 49. China Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 50. India Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 51. Japan Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 52. South Korea Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 53. Rest of Asia Pacific Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 54. Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 55. Middle East & Africa Mosquito Traps Market Breakdown by Product Type (2022 and 2023)
Figure 56. Middle East & Africa Mosquito Traps Market Breakdown by Category (2022 and 2023)
Figure 57. Middle East & Africa Mosquito Traps Market Breakdown by Distribution Channel (2022 and 2023)
Figure 58. Mosquito Traps Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 59. South Africa Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 60. Saudi Arabia Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 61. UAE Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 62. Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 63. South & Central America Mosquito Traps Market Breakdown by Product Type (2022 and 2023)
Figure 64. South & Central America Mosquito Traps Market Breakdown by Category (2022 and 2023)
Figure 65. South & Central America Mosquito Traps Market Breakdown by Distribution Channel (2022 and 2023)
Figure 66. Mosquito Traps Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 67. Brazil Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 68. Argentina Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 69. Rest of South & Central America Mosquito Traps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 70. Pre & Post Covid-19 Impact
Figure 71. Heat Map Analysis By Key Players
The List of Companies - Mosquito Traps Market
- Woodstream Corp
- Inzecto Corp
- TNT Mosquito LLC
- Novelty Manufacturing Co
- Milo Enterprises Inc
- Armatron International Inc
- Kensizer Inc
- Awoco
- Shenzhen Tesenni Industrial Co Ltd
- Biogents AG
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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