The Automotive Gas Shock Absorbers Market is expected to register a CAGR of 4.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Product Design (Twin Tube Shock Absorbers, Mono Tube Shock Absorbers); End User (Commercial Vehicle, Passenger Vehicle, Electric Vehicle). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Automotive Gas Shock Absorbers Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Automotive Gas Shock Absorbers Market Segmentation
Product Design- Twin Tube Shock Absorbers
- Mono Tube Shock Absorbers
- Commercial Vehicle
- Passenger Vehicle
- Electric Vehicle
Strategic Insights
Automotive Gas Shock Absorbers Market Growth Drivers- Rising Demand for Enhanced Vehicle Comfort and Safety: Consumers' increased demand for comfort and safety in vehicles will spur on the demand of superior suspension systems, which includes gas shock absorbers. Gas shock absorbers are generally associated with enhancing vehicle handling and stability, mainly on rough roads, thereby improving the ride quality of a vehicle.The market expansion for automotive gas shock absorbers is being accelerated by rising consumer demand for better vehicle ride quality and dynamic performance. Smooth driving, less vibration, and improved vehicle stability on a variety of road conditions are top priorities for modern consumers. The development of sophisticated gas shock absorber technologies by manufacturers is propelling ongoing innovation and technological sophistication in suspension systems by offering better damping characteristics, increased comfort, and improved handling precision.
- Technological Advancements in Suspension Systems: The high-tech methods provide better dampening characteristics with improved response while having a longer service life. Since the manufacturers employ these high-tech suspension technologies to augment performance, the market for gas shock absorbers goes ahead. In the market for automobile gas shock absorbers, ongoing technological advancements in suspension system design are creating substantial prospects. More responsive, adaptable, and effective shock absorber technologies are being made possible by advanced materials, complex production processes, and the integration of electronic control systems. Intelligent suspension systems that offer real-time performance modifications, better vehicle dynamics, and more safety features are being developed by manufacturers.
- Growing Automotive Production and Aftermarket Replacement Demand: The continuous expansion of global automotive production and increasing vehicle age are propelling automotive gas shock absorber market growth. Rising vehicle ownership, longer vehicle lifecycle, and frequent maintenance requirements create substantial demand for high-quality shock absorber replacements. Emerging markets' rapid automotive infrastructure development and increasing vehicle penetration are further contributing to market expansion across different vehicle segments and price ranges.
- Active and Adaptive Suspension Technologies: The automotive industry is experiencing a transformative trend towards active and adaptive suspension technologies. Advanced gas shock absorbers incorporating electronic control mechanisms, sensors, and intelligent damping algorithms are enabling real-time suspension adjustments. These technologies provide dynamic performance optimization, improved vehicle stability, and personalized driving experiences across different road conditions and driving modes.
- Lightweight and Sustainable Shock Absorber Design: Increasing emphasis on vehicle weight reduction and sustainability is driving innovative shock absorber design approaches. Manufacturers are developing lightweight materials, advanced composite technologies, and more efficient manufacturing processes to create high-performance, environmentally conscious shock absorber solutions. This trend supports automotive manufacturers' goals of improving fuel efficiency, reducing emissions, and enhancing overall vehicle performance.
- Lightweight materials in automobiles: The automobile industry has undergone considerable changes within the recent years, with emphasis on the vehicles' weight to enhance fuel efficiencies and performance. This shifts the market scenario of gas shock absorbers also, wherein the manufacturers would seek lighter materials such as aluminum and advanced composites for shock absorber structures.
- Electric and Autonomous Vehicle Suspension Innovations: The rapid transition towards electric and autonomous vehicle platforms creates substantial opportunities for advanced gas shock absorber technologies. These emerging vehicle architectures require specialized suspension solutions that support unique weight distributions, performance characteristics, and comfort requirements. Manufacturers can develop innovative shock absorber technologies specifically designed for electric and autonomous vehicle platforms.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Automotive Gas Shock Absorbers Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Automotive Gas Shock Absorbers Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The leading players operating in the Automotive Gas Shock Absorbers Market include Gabriel India Limited, Hitachi Automotive Systems Ltd, KYB Corporation, Magneti Marelli, Meritor Inc, Samvardhana Motherson Group SMG, Showa Corporation, Tenneco Inc, ThyssenKrupp AG
The Automotive Gas Shock Absorbers Market is estimated to witness a CAGR of 4.5% from 2023 to 2031
Lightweight materials in automobiles is the key future trend of the Automotive Gas Shock Absorbers Market
The major factors driving the Automotive Gas Shock Absorbers Market are:Rising Demand for Enhanced Vehicle Comfort and Safety#Technological Advancements in Suspension Systems
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Gas Shock Absorbers Market - By Product Design
1.3.2 Automotive Gas Shock Absorbers Market - By End User
1.3.3 Automotive Gas Shock Absorbers Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE GAS SHOCK ABSORBERS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMOTIVE GAS SHOCK ABSORBERS 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. AUTOMOTIVE GAS SHOCK ABSORBERS MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE GAS SHOCK ABSORBERS - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE GAS SHOCK ABSORBERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE GAS SHOCK ABSORBERS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT DESIGN
7.1. OVERVIEW
7.2. PRODUCT DESIGN MARKET FORECASTS AND ANALYSIS
7.3. TWIN TUBE SHOCK ABSORBERS
7.3.1. Overview
7.3.2. Twin Tube Shock Absorbers Market Forecast and Analysis
7.4. MONO TUBE SHOCK ABSORBERS
7.4.1. Overview
7.4.2. Mono Tube Shock Absorbers Market Forecast and Analysis
8. AUTOMOTIVE GAS SHOCK ABSORBERS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL VEHICLE
8.3.1. Overview
8.3.2. Commercial Vehicle Market Forecast and Analysis
8.4. PASSENGER VEHICLE
8.4.1. Overview
8.4.2. Passenger Vehicle Market Forecast and Analysis
8.5. ELECTRIC VEHICLE
8.5.1. Overview
8.5.2. Electric Vehicle Market Forecast and Analysis
8.6.
8.6.1. Overview
8.6.2. Market Forecast and Analysis
9. AUTOMOTIVE GAS SHOCK ABSORBERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automotive Gas Shock Absorbers Market Overview
9.1.2 North America Automotive Gas Shock Absorbers Market Forecasts and Analysis
9.1.3 North America Automotive Gas Shock Absorbers Market Forecasts and Analysis - By Product Design
9.1.4 North America Automotive Gas Shock Absorbers Market Forecasts and Analysis - By End User
9.1.5 North America Automotive Gas Shock Absorbers Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automotive Gas Shock Absorbers Market
9.1.5.1.1 United States Automotive Gas Shock Absorbers Market by Product Design
9.1.5.1.2 United States Automotive Gas Shock Absorbers Market by End User
9.1.5.2 Canada Automotive Gas Shock Absorbers Market
9.1.5.2.1 Canada Automotive Gas Shock Absorbers Market by Product Design
9.1.5.2.2 Canada Automotive Gas Shock Absorbers Market by End User
9.1.5.3 Mexico Automotive Gas Shock Absorbers Market
9.1.5.3.1 Mexico Automotive Gas Shock Absorbers Market by Product Design
9.1.5.3.2 Mexico Automotive Gas Shock Absorbers Market by End User
9.2. EUROPE
9.2.1 Europe Automotive Gas Shock Absorbers Market Overview
9.2.2 Europe Automotive Gas Shock Absorbers Market Forecasts and Analysis
9.2.3 Europe Automotive Gas Shock Absorbers Market Forecasts and Analysis - By Product Design
9.2.4 Europe Automotive Gas Shock Absorbers Market Forecasts and Analysis - By End User
9.2.5 Europe Automotive Gas Shock Absorbers Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automotive Gas Shock Absorbers Market
9.2.5.1.1 Germany Automotive Gas Shock Absorbers Market by Product Design
9.2.5.1.2 Germany Automotive Gas Shock Absorbers Market by End User
9.2.5.2 France Automotive Gas Shock Absorbers Market
9.2.5.2.1 France Automotive Gas Shock Absorbers Market by Product Design
9.2.5.2.2 France Automotive Gas Shock Absorbers Market by End User
9.2.5.3 Italy Automotive Gas Shock Absorbers Market
9.2.5.3.1 Italy Automotive Gas Shock Absorbers Market by Product Design
9.2.5.3.2 Italy Automotive Gas Shock Absorbers Market by End User
9.2.5.4 United Kingdom Automotive Gas Shock Absorbers Market
9.2.5.4.1 United Kingdom Automotive Gas Shock Absorbers Market by Product Design
9.2.5.4.2 United Kingdom Automotive Gas Shock Absorbers Market by End User
9.2.5.5 Russia Automotive Gas Shock Absorbers Market
9.2.5.5.1 Russia Automotive Gas Shock Absorbers Market by Product Design
9.2.5.5.2 Russia Automotive Gas Shock Absorbers Market by End User
9.2.5.6 Rest of Europe Automotive Gas Shock Absorbers Market
9.2.5.6.1 Rest of Europe Automotive Gas Shock Absorbers Market by Product Design
9.2.5.6.2 Rest of Europe Automotive Gas Shock Absorbers Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automotive Gas Shock Absorbers Market Overview
9.3.2 Asia-Pacific Automotive Gas Shock Absorbers Market Forecasts and Analysis
9.3.3 Asia-Pacific Automotive Gas Shock Absorbers Market Forecasts and Analysis - By Product Design
9.3.4 Asia-Pacific Automotive Gas Shock Absorbers Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Automotive Gas Shock Absorbers Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automotive Gas Shock Absorbers Market
9.3.5.1.1 Australia Automotive Gas Shock Absorbers Market by Product Design
9.3.5.1.2 Australia Automotive Gas Shock Absorbers Market by End User
9.3.5.2 China Automotive Gas Shock Absorbers Market
9.3.5.2.1 China Automotive Gas Shock Absorbers Market by Product Design
9.3.5.2.2 China Automotive Gas Shock Absorbers Market by End User
9.3.5.3 India Automotive Gas Shock Absorbers Market
9.3.5.3.1 India Automotive Gas Shock Absorbers Market by Product Design
9.3.5.3.2 India Automotive Gas Shock Absorbers Market by End User
9.3.5.4 Japan Automotive Gas Shock Absorbers Market
9.3.5.4.1 Japan Automotive Gas Shock Absorbers Market by Product Design
9.3.5.4.2 Japan Automotive Gas Shock Absorbers Market by End User
9.3.5.5 South Korea Automotive Gas Shock Absorbers Market
9.3.5.5.1 South Korea Automotive Gas Shock Absorbers Market by Product Design
9.3.5.5.2 South Korea Automotive Gas Shock Absorbers Market by End User
9.3.5.6 Rest of Asia-Pacific Automotive Gas Shock Absorbers Market
9.3.5.6.1 Rest of Asia-Pacific Automotive Gas Shock Absorbers Market by Product Design
9.3.5.6.2 Rest of Asia-Pacific Automotive Gas Shock Absorbers Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automotive Gas Shock Absorbers Market Overview
9.4.2 Middle East and Africa Automotive Gas Shock Absorbers Market Forecasts and Analysis
9.4.3 Middle East and Africa Automotive Gas Shock Absorbers Market Forecasts and Analysis - By Product Design
9.4.4 Middle East and Africa Automotive Gas Shock Absorbers Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Automotive Gas Shock Absorbers Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automotive Gas Shock Absorbers Market
9.4.5.1.1 South Africa Automotive Gas Shock Absorbers Market by Product Design
9.4.5.1.2 South Africa Automotive Gas Shock Absorbers Market by End User
9.4.5.2 Saudi Arabia Automotive Gas Shock Absorbers Market
9.4.5.2.1 Saudi Arabia Automotive Gas Shock Absorbers Market by Product Design
9.4.5.2.2 Saudi Arabia Automotive Gas Shock Absorbers Market by End User
9.4.5.3 U.A.E Automotive Gas Shock Absorbers Market
9.4.5.3.1 U.A.E Automotive Gas Shock Absorbers Market by Product Design
9.4.5.3.2 U.A.E Automotive Gas Shock Absorbers Market by End User
9.4.5.4 Rest of Middle East and Africa Automotive Gas Shock Absorbers Market
9.4.5.4.1 Rest of Middle East and Africa Automotive Gas Shock Absorbers Market by Product Design
9.4.5.4.2 Rest of Middle East and Africa Automotive Gas Shock Absorbers Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automotive Gas Shock Absorbers Market Overview
9.5.2 South and Central America Automotive Gas Shock Absorbers Market Forecasts and Analysis
9.5.3 South and Central America Automotive Gas Shock Absorbers Market Forecasts and Analysis - By Product Design
9.5.4 South and Central America Automotive Gas Shock Absorbers Market Forecasts and Analysis - By End User
9.5.5 South and Central America Automotive Gas Shock Absorbers Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automotive Gas Shock Absorbers Market
9.5.5.1.1 Brazil Automotive Gas Shock Absorbers Market by Product Design
9.5.5.1.2 Brazil Automotive Gas Shock Absorbers Market by End User
9.5.5.2 Rest of South and Central America Automotive Gas Shock Absorbers Market
9.5.5.2.1 Rest of South and Central America Automotive Gas Shock Absorbers Market by Product Design
9.5.5.2.2 Rest of South and Central America Automotive Gas Shock Absorbers Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AUTOMOTIVE GAS SHOCK ABSORBERS MARKET, KEY COMPANY PROFILES
11.1. GABRIEL INDIA LIMITED
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. HITACHI AUTOMOTIVE SYSTEMS, LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. KYB CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MAGNETI MARELLI
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MERITOR, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SAMVARDHANA MOTHERSON GROUP (SMG)
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHOWA CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TENNECO INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THYSSENKRUPP AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ZF FRIEDRICHSHAFEN AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Gabriel India Limited
2.Hitachi Automotive Systems, Ltd.
3.KYB Corporation
4.Magneti Marelli
5.Meritor, Inc.
6.Samvardhana Motherson Group (SMG)
7.Showa Corporation
8.Tenneco Inc.
9.ThyssenKrupp AG
10.ZF Friedrichshafen 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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