The electric vehicle range extender is an auxiliary power unit, used to improve the vehicle range. The government creates norms to control emission, significantly electric vehicle range extenders reduce vehicle emission; hence, it used in electric vehicles. The increasing trend of electric vehicles and the increasing purchasing power of people demand electric vehicles, which raise the demand for electric vehicle range extender market. Increasing demand for long-range traveling of electric vehicle raises demand for the electric vehicle range extender market
MARKET DYNAMICS
The major factor driving the electric vehicle range extender is rising air pollution, increasing government regulation, and increasing demand for long range-ability of the electric vehicle. The automotive industry and battery industry players are continuously working on increasing battery efficiency to meet the requirement for the electric vehicle. The range extender allow reduction in battery size, cost and related weight. This factor is driving the electric vehicle range extender market. The adoption of electric vehicle is facilitating the electric vehicle range extender market player to innovate advanced technologies, which is creating a lucrative opportunity for the electric vehicle range extender market players
MARKET SCOPE
The "Global Electric Vehicle Range Extender Market Analysis to 2031 is a specialized and in-depth study of the electric vehicle range extender market with a special focus on the global market trend analysis. The report aims to provide an overview of electric vehicle range extender market with detailed market segmentation by type, vehicle type, component. The global electric vehicle range extender market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric vehicle range extender market players and offers key trends and opportunities in the electric vehicle range extender market.
MARKET SEGMENTATION
The global electric vehicle range extender market is segmented on the basis of type, vehicle type, component. On the basis of type, the market is segmented as ice range extender, fuel cell range extender, others. On the basis of vehicle type, the market is segmented as passenger, commercial. On the basis of component, the market is segmented as battery pack, generator, power converter electric motor
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electric vehicle range extender market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electric vehicle range extender market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting electric vehicle range extender market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the electric vehicle range extender market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electric vehicle range extender market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electric vehicle range extender market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting electric vehicle range extender market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the electric vehicle range extender market in these regions.
MARKET PLAYERS
The reports cover key developments in the electric vehicle range extender market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from electric vehicle range extender market are anticipated to lucrative growth opportunities in the future with the rising demand for electric vehicle range extender market. Below mentioned is the list of few companies engaged in the electric vehicle range extender market.
The report also includes the profiles of key electric vehicle range extender market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AVL
- Ballard Power Systems.
- BMW
- Emoss Mobile Systems BV
- FEV Group GmbH
- Magna International Inc.
- MAHLE GmbH
- Nissan
- Plug Power Inc
- Rheinmetall Automotive AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Electric Vehicle Range Extender Market - By Type
1.3.2Electric Vehicle Range Extender Market - By Vehicle Type
1.3.3Electric Vehicle Range Extender Market - By Component
1.3.4Electric Vehicle Range Extender Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.ELECTRIC VEHICLE RANGE EXTENDER MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.ELECTRIC VEHICLE RANGE EXTENDER 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.ELECTRIC VEHICLE RANGE EXTENDER MARKET - GLOBAL MARKET ANALYSIS
6.1.ELECTRIC VEHICLE RANGE EXTENDER - GLOBAL MARKET OVERVIEW
6.2.ELECTRIC VEHICLE RANGE EXTENDER - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.ELECTRIC VEHICLE RANGE EXTENDER MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.ICE RANGE EXTENDER
7.3.1.Overview
7.3.2.ICE Range Extender Market Forecast and Analysis
7.4.FUEL CELL RANGE EXTENDER
7.4.1.Overview
7.4.2.Fuel Cell Range Extender Market Forecast and Analysis
7.5.OTHERS
7.5.1.Overview
7.5.2.Others Market Forecast and Analysis
8.ELECTRIC VEHICLE RANGE EXTENDER MARKET - REVENUE AND FORECASTS TO 2028 " VEHICLE TYPE
8.1.OVERVIEW
8.2.VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3.PASSENGER
8.3.1.Overview
8.3.2.Passenger Market Forecast and Analysis
8.4.COMMERCIAL
8.4.1.Overview
8.4.2.Commercial Market Forecast and Analysis
9.ELECTRIC VEHICLE RANGE EXTENDER MARKET - REVENUE AND FORECASTS TO 2028 " COMPONENT
9.1.OVERVIEW
9.2.COMPONENT MARKET FORECASTS AND ANALYSIS
9.3.BATTERY PACK
9.3.1.Overview
9.3.2.Battery Pack Market Forecast and Analysis
9.4.GENERATOR
9.4.1.Overview
9.4.2.Generator Market Forecast and Analysis
9.5.POWER CONVERTER
9.5.1.Overview
9.5.2.Power Converter Market Forecast and Analysis
9.6.ELECTRIC MOTOR
9.6.1.Overview
9.6.2.Electric Motor Market Forecast and Analysis
10.ELECTRIC VEHICLE RANGE EXTENDER MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Electric Vehicle Range Extender Market Overview
10.1.2North America Electric Vehicle Range Extender Market Forecasts and Analysis
10.1.3North America Electric Vehicle Range Extender Market Forecasts and Analysis - By Type
10.1.4North America Electric Vehicle Range Extender Market Forecasts and Analysis - By Vehicle Type
10.1.5North America Electric Vehicle Range Extender Market Forecasts and Analysis - By Component
10.1.6North America Electric Vehicle Range Extender Market Forecasts and Analysis - By Countries
10.1.6.1Canada Electric Vehicle Range Extender Market
10.1.6.1.1Canada Electric Vehicle Range Extender Market by Type
10.1.6.1.2Canada Electric Vehicle Range Extender Market by Vehicle Type
10.1.6.1.3Canada Electric Vehicle Range Extender Market by Component
10.1.6.2Mexico Electric Vehicle Range Extender Market
10.1.6.2.1Mexico Electric Vehicle Range Extender Market by Type
10.1.6.2.2Mexico Electric Vehicle Range Extender Market by Vehicle Type
10.1.6.2.3Mexico Electric Vehicle Range Extender Market by Component
10.1.6.3US Electric Vehicle Range Extender Market
10.1.6.3.1US Electric Vehicle Range Extender Market by Type
10.1.6.3.2US Electric Vehicle Range Extender Market by Vehicle Type
10.1.6.3.3US Electric Vehicle Range Extender Market by Component
10.2.EUROPE
10.2.1Europe Electric Vehicle Range Extender Market Overview
10.2.2Europe Electric Vehicle Range Extender Market Forecasts and Analysis
10.2.3Europe Electric Vehicle Range Extender Market Forecasts and Analysis - By Type
10.2.4Europe Electric Vehicle Range Extender Market Forecasts and Analysis - By Vehicle Type
10.2.5Europe Electric Vehicle Range Extender Market Forecasts and Analysis - By Component
10.2.6Europe Electric Vehicle Range Extender Market Forecasts and Analysis - By Countries
10.2.6.1Germany Electric Vehicle Range Extender Market
10.2.6.1.1Germany Electric Vehicle Range Extender Market by Type
10.2.6.1.2Germany Electric Vehicle Range Extender Market by Vehicle Type
10.2.6.1.3Germany Electric Vehicle Range Extender Market by Component
10.2.6.2France Electric Vehicle Range Extender Market
10.2.6.2.1France Electric Vehicle Range Extender Market by Type
10.2.6.2.2France Electric Vehicle Range Extender Market by Vehicle Type
10.2.6.2.3France Electric Vehicle Range Extender Market by Component
10.2.6.3Italy Electric Vehicle Range Extender Market
10.2.6.3.1Italy Electric Vehicle Range Extender Market by Type
10.2.6.3.2Italy Electric Vehicle Range Extender Market by Vehicle Type
10.2.6.3.3Italy Electric Vehicle Range Extender Market by Component
10.2.6.4United Kingdom Electric Vehicle Range Extender Market
10.2.6.4.1United Kingdom Electric Vehicle Range Extender Market by Type
10.2.6.4.2United Kingdom Electric Vehicle Range Extender Market by Vehicle Type
10.2.6.4.3United Kingdom Electric Vehicle Range Extender Market by Component
10.2.6.5Russia Electric Vehicle Range Extender Market
10.2.6.5.1Russia Electric Vehicle Range Extender Market by Type
10.2.6.5.2Russia Electric Vehicle Range Extender Market by Vehicle Type
10.2.6.5.3Russia Electric Vehicle Range Extender Market by Component
10.2.6.6Rest of Europe Electric Vehicle Range Extender Market
10.2.6.6.1Rest of Europe Electric Vehicle Range Extender Market by Type
10.2.6.6.2Rest of Europe Electric Vehicle Range Extender Market by Vehicle Type
10.2.6.6.3Rest of Europe Electric Vehicle Range Extender Market by Component
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Electric Vehicle Range Extender Market Overview
10.3.2Asia-Pacific Electric Vehicle Range Extender Market Forecasts and Analysis
10.3.3Asia-Pacific Electric Vehicle Range Extender Market Forecasts and Analysis - By Type
10.3.4Asia-Pacific Electric Vehicle Range Extender Market Forecasts and Analysis - By Vehicle Type
10.3.5Asia-Pacific Electric Vehicle Range Extender Market Forecasts and Analysis - By Component
10.3.6Asia-Pacific Electric Vehicle Range Extender Market Forecasts and Analysis - By Countries
10.3.6.1Australia Electric Vehicle Range Extender Market
10.3.6.1.1Australia Electric Vehicle Range Extender Market by Type
10.3.6.1.2Australia Electric Vehicle Range Extender Market by Vehicle Type
10.3.6.1.3Australia Electric Vehicle Range Extender Market by Component
10.3.6.2China Electric Vehicle Range Extender Market
10.3.6.2.1China Electric Vehicle Range Extender Market by Type
10.3.6.2.2China Electric Vehicle Range Extender Market by Vehicle Type
10.3.6.2.3China Electric Vehicle Range Extender Market by Component
10.3.6.3India Electric Vehicle Range Extender Market
10.3.6.3.1India Electric Vehicle Range Extender Market by Type
10.3.6.3.2India Electric Vehicle Range Extender Market by Vehicle Type
10.3.6.3.3India Electric Vehicle Range Extender Market by Component
10.3.6.4Japan Electric Vehicle Range Extender Market
10.3.6.4.1Japan Electric Vehicle Range Extender Market by Type
10.3.6.4.2Japan Electric Vehicle Range Extender Market by Vehicle Type
10.3.6.4.3Japan Electric Vehicle Range Extender Market by Component
10.3.6.5South Korea Electric Vehicle Range Extender Market
10.3.6.5.1South Korea Electric Vehicle Range Extender Market by Type
10.3.6.5.2South Korea Electric Vehicle Range Extender Market by Vehicle Type
10.3.6.5.3South Korea Electric Vehicle Range Extender Market by Component
10.3.6.6Rest of Asia-Pacific Electric Vehicle Range Extender Market
10.3.6.6.1Rest of Asia-Pacific Electric Vehicle Range Extender Market by Type
10.3.6.6.2Rest of Asia-Pacific Electric Vehicle Range Extender Market by Vehicle Type
10.3.6.6.3Rest of Asia-Pacific Electric Vehicle Range Extender Market by Component
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Electric Vehicle Range Extender Market Overview
10.4.2Middle East and Africa Electric Vehicle Range Extender Market Forecasts and Analysis
10.4.3Middle East and Africa Electric Vehicle Range Extender Market Forecasts and Analysis - By Type
10.4.4Middle East and Africa Electric Vehicle Range Extender Market Forecasts and Analysis - By Vehicle Type
10.4.5Middle East and Africa Electric Vehicle Range Extender Market Forecasts and Analysis - By Component
10.4.6Middle East and Africa Electric Vehicle Range Extender Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Electric Vehicle Range Extender Market
10.4.6.1.1South Africa Electric Vehicle Range Extender Market by Type
10.4.6.1.2South Africa Electric Vehicle Range Extender Market by Vehicle Type
10.4.6.1.3South Africa Electric Vehicle Range Extender Market by Component
10.4.6.2Saudi Arabia Electric Vehicle Range Extender Market
10.4.6.2.1Saudi Arabia Electric Vehicle Range Extender Market by Type
10.4.6.2.2Saudi Arabia Electric Vehicle Range Extender Market by Vehicle Type
10.4.6.2.3Saudi Arabia Electric Vehicle Range Extender Market by Component
10.4.6.3U.A.E Electric Vehicle Range Extender Market
10.4.6.3.1U.A.E Electric Vehicle Range Extender Market by Type
10.4.6.3.2U.A.E Electric Vehicle Range Extender Market by Vehicle Type
10.4.6.3.3U.A.E Electric Vehicle Range Extender Market by Component
10.4.6.4Rest of Middle East and Africa Electric Vehicle Range Extender Market
10.4.6.4.1Rest of Middle East and Africa Electric Vehicle Range Extender Market by Type
10.4.6.4.2Rest of Middle East and Africa Electric Vehicle Range Extender Market by Vehicle Type
10.4.6.4.3Rest of Middle East and Africa Electric Vehicle Range Extender Market by Component
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Electric Vehicle Range Extender Market Overview
10.5.2South and Central America Electric Vehicle Range Extender Market Forecasts and Analysis
10.5.3South and Central America Electric Vehicle Range Extender Market Forecasts and Analysis - By Type
10.5.4South and Central America Electric Vehicle Range Extender Market Forecasts and Analysis - By Vehicle Type
10.5.5South and Central America Electric Vehicle Range Extender Market Forecasts and Analysis - By Component
10.5.6South and Central America Electric Vehicle Range Extender Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Electric Vehicle Range Extender Market
10.5.6.1.1Brazil Electric Vehicle Range Extender Market by Type
10.5.6.1.2Brazil Electric Vehicle Range Extender Market by Vehicle Type
10.5.6.1.3Brazil Electric Vehicle Range Extender Market by Component
10.5.6.2Argentina Electric Vehicle Range Extender Market
10.5.6.2.1Argentina Electric Vehicle Range Extender Market by Type
10.5.6.2.2Argentina Electric Vehicle Range Extender Market by Vehicle Type
10.5.6.2.3Argentina Electric Vehicle Range Extender Market by Component
10.5.6.3Rest of South and Central America Electric Vehicle Range Extender Market
10.5.6.3.1Rest of South and Central America Electric Vehicle Range Extender Market by Type
10.5.6.3.2Rest of South and Central America Electric Vehicle Range Extender Market by Vehicle Type
10.5.6.3.3Rest of South and Central America Electric Vehicle Range Extender Market by Component
11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12.ELECTRIC VEHICLE RANGE EXTENDER MARKET, KEY COMPANY PROFILES
12.1.AVL
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.BALLARD POWER SYSTEMS.
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.BMW
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.EMOSS MOBILE SYSTEMS BV
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.FEV GROUP GMBH
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.MAGNA INTERNATIONAL INC.
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.MAHLE GMBH
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.NISSAN
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.PLUG POWER INC
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.RHEINMETALL AUTOMOTIVE AG
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
1.AVL
2.Ballard Power Systems.
3.BMW
4.Emoss Mobile Systems BV
5.FEV Group GmbH
6.Magna International Inc.
7.MAHLE GmbH
8.Nissan
9.Plug Power Inc
10.Rheinmetall Automotive 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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