Contract Logistics Market Growth, Trends & Global Forecast 2025-2031
Contract Logistics Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Outsourcing, Insourcing), Service Type (Warehousing and Distribution, Transportation Management, Aftermarket Logistics, Others), End-Users (Retail and E-commerce, Automotive, Industrial and Manufacturing, Pharma and Healthcare, Consumer Goods and Electronics, Aerospace and Defense, Others), and Geography
- Report Date : Aug 2025
- Report Code : TIPEL00002034
- Category : Automotive and Transportation
- Status : Published
- Available Report Formats :
- No. of Pages : 213
The Contract Logistics Market size is expected to reach US$ 525.29 billion by 2031 from US$ 327.09 billion in 2024. The market is anticipated to register a CAGR of 7.2% during 2025–2031.
Contract Logistics Market Analysis
The contract logistics market is propelled by several key drivers, including the rapid growth of e-commerce, increasing demand for efficient supply chain solutions, and globalization of trade, which necessitates sophisticated logistics networks. Technological advancements, such as automation, IoT, and AI, enable greater visibility, speed, and accuracy in logistics operations, creating significant growth opportunities. Additionally, businesses increasingly focus on sustainability, prompting logistics providers to adopt green initiatives and expand market potential.
Contract Logistics Market Overview
Contract Logistics refers to outsourcing logistics and supply chain management services to third-party providers who manage warehousing, transportation, inventory control, and distribution on behalf of their clients. This arrangement allows businesses to focus on their core competencies while benefiting from cost efficiencies, improved scalability, and access to advanced logistics technologies and expertise. Common applications of contract logistics include order fulfillment, freight forwarding, reverse logistics, and inventory management across retail, manufacturing, automotive, pharmaceuticals, and e-commerce. Types of contract logistics services vary from simple transportation and warehousing solutions to integrated end-to-end supply chain management, including value-added services such as packaging, assembly, and customized distribution.
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Contract Logistics Market: Strategic Insights
Market Size Value in US$ 203,938.8 Million in 2017 Market Size Value by US$ 298,822.0 Million by 2025 Growth rate CAGR of 5.0% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Contract Logistics Market Drivers and Opportunities
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Contract Logistics Market: Strategic Insights
| Market Size Value in | US$ 203,938.8 Million in 2017 |
| Market Size Value by | US$ 298,822.0 Million by 2025 |
| Growth rate | CAGR of 5.0% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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Market Drivers:
Surging Demand from the e-Commerce Sector:
The rapid expansion of e-commerce is significantly fueling the growth of the contract logistics market. As more consumers shift to online shopping, businesses are facing rising demands for faster, more efficient delivery and fulfillment services. This surge has pushed companies to outsource their logistics operations to third-party providers that specialize in managing supply chains, warehousing, transportation, and last-mile delivery. The e-commerce expansion across the globe. For example, in 2023, the Indian e-commerce landscape witnessed significant developments. The Open Network for Digital Commerce (ONDC) recorded nearly 1.2 million transactions during Diwali week in November, reflecting a surge in digital commerce activities. By December 2023, ONDC achieved 5.5 million transactions in a month, with 2.1 million in the retail category, indicating a growing adoption of digital platforms.
Increasing Globalization Of Supply Chains:
The expanding globalization of supply chains is a key factor fueling the growth of the contract logistics market. As companies increasingly source raw materials and manufacture products across multiple countries, the complexity of managing these dispersed operations rises significantly. This growing interconnection between global markets demands more efficient, flexible, and specialized logistics solutions. Contract logistics providers play a critical role in helping businesses navigate the challenges associated with international transportation, customs regulations, and diverse distribution networks. In June 2023, the US Department of Commerce initiated its Advisory Committee on Supply Chain Competitiveness (ACSCC), bringing together officials and industry leaders to discuss coordination on cross-border logistics, diversification of sourcing, and infrastructure gaps—all critical factors amplifying reliance on outsourced logistics capacity.
Market Opportunities:
Sustainability and Green Logistics:
Sustainability and green logistics create significant opportunities in the contract logistics market by aligning supply chain operations with environmental and social governance (ESG) objectives. As companies worldwide face increasing pressure to lower their carbon footprints and adopt environmentally responsible practices, contract logistics providers create innovative solutions that enhance operational efficiency while reducing environmental impact. These green logistics strategies focus on minimizing emissions, streamlining transportation routes, improving warehouse energy efficiency, and integrating renewable energy sources. By embracing these practices, businesses contribute to global sustainability goals and strengthen their long-term resilience and competitiveness.
Contract Logistics Market Report Segmentation Analysis
The contract logistics market is categorized into distinct segments to provide a comprehensive understanding of its structure, growth prospects, and emerging trends. Below is the standard segmentation approach used in most industry reports:
By Type:
Outsourcing:
Outsourcing in contract logistics refers to companies delegating their supply chain and logistics operations, such as warehousing, transportation, inventory management, and order fulfilment, to third-party logistics (3PL) providers. This segment held the largest contract logistics market share in 2024.Insourcing:
Insourcing in contract logistics involves shifting previously outsourced logistics operations back in-house to improve control, efficiency, and service customization. This trend is gaining traction as companies seek greater flexibility amid global supply chain disruptions.
By Service Type:
Warehousing and Distribution:
Warehousing and distribution are core components of contract logistics, enabling businesses to streamline their supply chains through efficient inventory management and timely product movement. This segment held the largest contract logistics market share in 2024.
Transportation Management:
Transportation Management is a core component of contract logistics, ensuring the efficient, timely, and cost-effective movement of goods across supply chains. It involves route planning, carrier selection, freight auditing, shipment tracking, and performance optimization.Aftermarket Logistics:
Aftermarket Logistics in contract logistics focuses on the movement, management, and value addition involved with spare parts, returns, repairs, recycling, or refurbishment after initial product sale.Others:
In the contract logistics market, the other service category encompasses critical value-added solutions such as packaging, labelling, and freight forwarding.
By Industry Vertical:
- Retail & E-commerce
- Automotive
- Healthcare & Pharmaceutical
- Consumer Goods & Electronics
- Industrial & Manufcaturing
- Aerospace & Defense
- Others
By Geography:
- North America
- Europe
- Asia Pacific
- South & Central America
- Middle East & Africa
The contract logistics market in Asia Pacific is expected to witness the fastest growth. The expanding cross-border e-commerce sector primarily drives this growth.
Contract Logistics Market Report ScopeContract Logistics Market Share Analysis by Geography
Asia Pacific is expected to grow the fastest in the next few years. Emerging markets in South & Central America, the Middle East & Africa also have many untapped opportunities for contract logistics providers to expand.
The contract logistics market grows differently in each region owing to the rise of the e-commerce industry and the growing trade between various countries. Below is a summary of market share and trends by region:
1. North America
Market Share:
Holds a significant portion of the global marketKey Drivers:
- Rapid online retail expansion is demanding efficient fulfillment and last-mile logistics.
- Integration of automation, robotics, and warehouse management systems.
- Companies are increasingly outsourcing logistics to focus on core business operations.
Trends:
Rise of 3PL & 4PL partnerships for end-to-end supply chain visibility and agility.
2. Europe
Market Share:
Substantial share owing to early, stringent EU regulationsKey Drivers:
- High demand for coordinated and compliant logistics across multiple countries.
- Pressure to reduce emissions and adopt green logistics solutions.
- Strong demand for specialized logistics services.
Trends:
Electrification of transport fleets and use of sustainable packaging in warehousing.
3. Asia Pacific
Market Share:
Fastest-growing region with dominant market shareKey Drivers:
- High production volumes require scalable logistics solutions.
- Growing E-commerce Ecosystem, particularly in India, China, and Southeast Asia.
- Major investments in ports, highways, and logistics parks.
Trends:
Surge in demand for omni-channel logistics to support hybrid retail models.
4. Middle East and Africa
Market Share:
Although small, it is growing quicklyKey Drivers:
- Increased logistics demand from non-oil sectors such as retail and healthcare.
- Growth of regional hubs such as the UAE, Saudi Arabia, and Egypt.
- Simplified regulations to attract global logistics players.
Trends:
Emergence of logistics hubs aligned with mega-projects (e.g., NEOM, DP World expansions).
5. South & Central America
Market Share:
Growing Market with steady progressKey Drivers:
- Increased intra-regional commerce in Mercosur and Pacific Alliance countries.
- Demand for Cold Chain Logistics.
- Urbanization and Retail Growth.
Trends:
Increased digitalization of logistics through mobile platforms and fleet tracking systems.
Contract Logistics Market Players Density: Understanding Its Impact on Business Dynamics
High Market Density and Competition
Competition is intense due to the presence of major global players such as DHL Supply Chain, XPO Logistics, DB Schenker, and Kuehne + Nagel. Additionally, regional and specialized providers such as FedEx (North America), CEVA Logistics (France), and Nippon Express (Japan) further diversify the competitive landscape.
This high level of competition urges companies to stand out by offering:
- Integrated supply chain solutions (e.g., warehousing, last-mile delivery, inventory management)
- Investments in automation and robotics for warehouse operations
- Development of sector-specific expertise (e.g., pharmaceuticals, automotive, e-commerce)
- Deployment of advanced technologies such as IoT, AI, and real-time visibility platforms.
Opportunities and Strategic Moves
- Implementing AI, IoT, and automation in warehousing and inventory management improves efficiency and reduces human error.
- Data analytics and machine learning are leveraged for demand forecasting, network optimization, and predictive maintenance.
Major Companies operating in the Contract Logistics Market are:
- Deutsche Post AG (Germany)
- FedEx Corp (US)
- GXO Logistics Inc. (US)
- United Parcel Service Inc (US)
- Nippon Express Co Ltd (Japan)
- GEODIS SA (France)
- Ryder System Inc (US)
- CMA CGM SA (France)
- DSV AS (Denmark)
- Kuehne + Nagel International AG (Switzerland)
Disclaimer: The companies listed above are not ranked in any particular order.
Other companies analysed during the course of research:
- Expeditors International
- C.H. Robinson Worldwide
- Rhenus Logistics
- Penske Logistics
- Fiege Logistik
- Toll Global Logistics
- APL Logistics
- GAC (Gulf Agency Company)
- Yusen Logistics
- Bolloré Logistics
- SF Holding (SF Express)
- Dachser
- Raben Group
- cargo-partner
- Andreani Grupo
- Warehouse Services Inc.
- NFI
- Lineage Logistics
- TVS Supply Chain Solutions
- Aramex
- Toll Group
- Delhivery
- GlobalTranz
- Gebrüder Weiss
- CMA CGM (contract logistics arm)
- MSC (Mediterranean Shipping Company)
- Wincanton plc
- CJ Logistics
Contract Logistics Market News and Recent Developments
DHL Group has signed a Memorandum of Understanding (MoU) with Temu, April 2025 -
DHL Group has signed a Memorandum of Understanding (MoU) with the e-commerce marketplace Temu to deepen their cooperation and to expand their successful partnership. The agreement aims to enhance collaboration to better support local small and medium-sized enterprises (SMEs) in established markets as well as in growth markets, such as Eastern Europe and the Middle East.GXO Logistics, Inc. Expands its partnership with Revelyst, April 2025 -
GXO Logistics, Inc.(NYSE: GXO), the world's largest pure-play contract logistics provider, announced the renewal and expansion of its partnership with Revelyst, a collective of brands that design and manufacture performance gear and precision technologies to fuel outdoor experiences. GXO will continue managing B2B and B2C logistics services, including picking, packing, and managing returns from its Eindhoven warehouse.
Contract Logistics Market Report Coverage and Deliverables
The "Contract Logistics Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Contract logistics market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Contract logistics market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Contract logistics market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the contract logistics market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Services ; and End-user
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
Top trends include:
1. Integration with AI and Machine Learning
2. Digitalization and Automation
3. E-commerce Fulfillment Focus
4. Sustainability and Green Logistics
5. Integrated Supply Chain Services
Major players include Deutsche Post AG, FedEx Corp, GXO Logistics Inc., United Parcel Service Inc., Nippon Express Co Ltd., GEODIS SA, Ryder System Inc., CMA CGM SA, and DSV AS, among others.
AI and ML are revolutionizing contract logistics by:
1. Predictive Demand and Inventory Management: AI and ML algorithms analyze historical data, market trends, and real-time demand signals to accurately forecast inventory needs. This reduces overstocking, minimizes stockouts, and optimizes warehouse space—leading to better customer satisfaction and cost control.
2. Route Optimization and Fleet Management: AI-driven route optimization tools help logistics providers determine the most efficient delivery paths by analyzing traffic patterns, weather conditions, fuel costs, and delivery schedules. This leads to faster deliveries, lower fuel consumption, and fewer delays—key advantages in last-mile logistics.
While Asia-Pacific and Europe currently dominate, North America, Middle East & Africa, and parts of the South & Central America are expected to witness rapid growth due to increasing e-commerce, globalization of supply chains, demand for cost efficiency, technological advancements, and the need for scalable, flexible logistics solutions across various industries.
As of 2024, the global contract logistics market is valued at approximately USD 327.08 billion. It is projected to reach USD 525.29 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.2% during the forecast period from 2025 to 2031.
Challenges include:
1. Variable Transportation Expenses: Fluctuating transportation costs are significantly restraining the growth of the contract logistics market by increasing operational uncertainties and reducing profit margins. Transportation forms a core component of contract logistics, involving the movement of goods across various stages of the supply chain.
The Retail & E-commerce segment is experiencing significant growth due to driven by rapid growth in online shopping and evolving consumer expectations. Efficient supply chain management, including warehousing, inventory control, and last-mile delivery, is essential to meet demand fluctuations and ensure timely product availability. Contract logistics providers in this sector focus on flexible, technology-enabled solutions such as automated sorting, real-time tracking, and advanced warehouse management systems to enhance operational efficiency and customer satisfaction.
The market is primarily driven by:
1. Surging Demand from the e-Commerce Sector: The rapid expansion of e-commerce is significantly fueling the growth of the contract logistics market. As more consumers shift to online shopping, businesses are facing rising demands for faster, more efficient delivery and fulfillment services.
2. Increasing Globalization of Supply Chains: The expanding globalization of supply chains is a key factor fueling the growth of the contract logistics market. As companies increasingly source raw materials and manufacture products across multiple countries, the complexity of managing these dispersed operations rises significantly.
1. Introduction
1.1 Scope of the Study
1.2 Market Definition
1.2.1 Currency Conversion
1.2.2 Study Period – Historic Year, Base Year, and Forecast Year
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.3 Market Estimation Approach
3.3.1 Supply Side Analysis
3.3.2 Demand Side Analysis
3.4 Macro and Micro-economic Indicators
3.5 Research Assumptions and Limitations
4. Contract Logistics Market Landscape
4.1 Overview
4.2 Value Chain Analysis
4.3 Supply Chain Analysis
4.4 PEST Analysis
4.5 Regulatory Framework
5. Contract Logistics 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. Contract Logistics Market - Global Market Analysis
6.1 Contract Logistics - Global Market Overview
6.2 Contract Logistics - Global Market and Forecast to 2031
7. Contract Logistics Market – Revenue Analysis (USD Million) – By Type, 2021-2031
7.1 Overview
7.2 Outsourcing
7.3 Insourcing
8. Contract Logistics Market – Revenue Analysis (USD Million) – By Service Type, 2021-2031
8.1 Overview
8.2 Warehousing and Distribution
8.3 Transportation Management
8.4 Aftermarket Logistics
8.5 Others
9. Contract Logistics Market – Revenue Analysis (USD Million) – By End-Users, 2021-2031
9.1 Overview
9.2 Retail and E-commerce
9.3 Automotive
9.4 Industrial and Manufacturing
9.5 Pharma and Healthcare
9.6 Consumer Goods and Electronics
9.7 Aerospace and Defense
9.8 Others
10. Contract Logistics Market - Revenue Analysis (USD Million), 2021-2031 – Geographical Analysis
10.1 North America
10.1.1 North America Contract Logistics Market Overview
10.1.2 North America Contract Logistics Market Revenue and Forecasts to 2031
10.1.3 North America Contract Logistics Market Revenue and Forecasts and Analysis - By Type
10.1.4 North America Contract Logistics Market Revenue and Forecasts and Analysis - By Service Type
10.1.5 North America Contract Logistics Market Revenue and Forecasts and Analysis - By End-Users
10.1.6 North America Contract Logistics Market Revenue and Forecasts and Analysis - By Countries
10.1.6.1 United States Contract Logistics Market
10.1.6.1.1 United States Contract Logistics Market, by Type
10.1.6.1.2 United States Contract Logistics Market, by Service Type
10.1.6.1.3 United States Contract Logistics Market, by End-Users
10.1.6.2 Canada Contract Logistics Market
10.1.6.2.1 Canada Contract Logistics Market, by Type
10.1.6.2.2 Canada Contract Logistics Market, by Service Type
10.1.6.2.3 Canada Contract Logistics Market, by End-Users
10.1.6.3 Mexico Contract Logistics Market
10.1.6.3.1 Mexico Contract Logistics Market, by Type
10.1.6.3.2 Mexico Contract Logistics Market, by Service Type
10.1.6.3.3 Mexico Contract Logistics Market, by End-Users
Note - Similar analysis would be provided for below mentioned regions/countries
10.2 Europe
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 United Kingdom
10.2.5 Russia
10.2.6 Poland
10.2.7 Rest of Europe
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Middle East and Africa
10.4.1 South Africa
10.4.2 Saudi Arabia
10.4.3 U.A.E
10.4.4 Rest of Middle East and Africa
10.5 South and Central America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South and Central America
11. Strategic Initiatives by Key Players
11.1 Mergers and Acquisitions
11.2 Agreements, Collaborations, Joint Ventures
11.3 New Product Launches
11.4 Expansions and Other Strategic Developments
12. Competitive Landscape
12.1 Company Benchmarking of Key Players
12.1.1 By Type
12.1.2 By Service Type
12.1.3 By End-Users
12.2 Company Market Share Analysis, 2024
12.3 Market Concentration
13. Contract Logistics Market - Key Company Profiles
13.1 Deutsche Post AG
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Market Initiatives/Developments
Note - Similar information would be provided for below list of companies
13.2 FedEx Corp
13.3 GXO Logistics Inc
13.4 United Parcel Service Inc
13.5 Nippon Express Co Ltd
13.6 GEODIS SA
13.7 Ryder System Inc
13.8 CMA CGM SA
13.9 DSV AS
13.10 Kuehne + Nagel International AG
14. Appendix
14.1 Glossary
14.2 About The Insight Partners
14.3 Market Intelligence Cloud
The List of Companies - Contract Logistics Market
- Deutsche Post AG
- FedEx Corp
- GXO Logistics Inc
- United Parcel Service Inc
- Nippon Express Co Ltd
- GEODIS SA
- Ryder System Inc
- CMA CGM SA
- DSV AS
- Kuehne + Nagel International 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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