A major focus for some of the key players of the flooring manufacturers, textile flooring, has been the new flooring option that looks and feels soft as that of a carpet but performs like a sheet vinyl wood. The textile flooring can be made to look like carpet tile or even the broadloom carpet, with textured patterns or a unique, wall-to-wall design. Textile flooring is an adaptable material and is used in a wide variety of environments. It's a chiefly strong solution for hospitals, education facilities and gyms where clean design is needed, but heavy wear and tear is likely.
MARKET DYNAMICS
The textile flooring market has witnessed significant growth owing to the expansion of the construction industry. Moreover, the increasing demand for the plant textiles flooring is known to boost the textile flooring market in the coming years. The rising demand from the Asia Pacific region provides a vast market opportunity for the key players operating in the textile flooring market.
MARKET SCOPE
The "Global Textile Flooring Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the market with detailed market segmentation by material type, product type, technology, application, and geography. The global textile flooring market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global textile flooring market is segmented on the basis of material type, product type, technology, and application. Based on material tyep, the market is segmented into synthetic textiles, animal textiles, and plant textiles. Based on product type, it is segmented into rugs and carpet. Based on technology, the market is segmented into tufting, woven, and needlefelt. On the basis of application, the market is segmented into residential, commercial, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Textile flooring market based on various segments. It also provides market size and forecast estimates from the 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 Textile flooring market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Textile flooring market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the Textile flooring 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 an overview and forecast of the global Textile flooring market based on various segments. It also provides market size and forecast estimates from the 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 Textile flooring market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Textile flooring market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the Textile flooring market in these regions.
MARKET PLAYERS
The reports cover key developments in the Textile flooring 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 the expansion of business and customer base of market players. The market payers from Textile flooring market are anticipated to lucrative growth opportunities in the future with the rising demand for Textile flooring in the global market. Below mentioned is the list of few companies engaged in the Textile flooring market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Textile flooring market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Balta Group
- Beaulieu International Group N.V
- Forbo Holding AG
- Interface, Inc.
- J+J Flooring Group
- Mannington Mills, Inc.
- Mohawk Industries, Inc.
- Shaw Industries Group Inc.
- Tarkett SA
- Vorwerk Flooring
- 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
1.3.1Textile Flooring Market - By Material Type
1.3.2Textile Flooring Market - By Product Type
1.3.3Textile Flooring Market - By Technology
1.3.4Textile Flooring Market - By Application
1.3.5Textile Flooring Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.TEXTILE FLOORING MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.TEXTILE FLOORING 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.TEXTILE FLOORING MARKET - GLOBAL MARKET ANALYSIS
6.1.TEXTILE FLOORING - GLOBAL MARKET OVERVIEW
6.2.TEXTILE FLOORING - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.TEXTILE FLOORING MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL TYPE
7.1.OVERVIEW
7.2.MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
7.3.SYNTHETIC TEXTILES
7.3.1.Overview
7.3.2.Synthetic Textiles Market Forecast and Analysis
7.4.ANIMAL TEXTILES
7.4.1.Overview
7.4.2.Animal Textiles Market Forecast and Analysis
7.5.PLANT TEXTILES
7.5.1.Overview
7.5.2.Plant Textiles Market Forecast and Analysis
8.TEXTILE FLOORING MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
8.1.OVERVIEW
8.2.PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
8.3.RUGS
8.3.1.Overview
8.3.2.Rugs Market Forecast and Analysis
8.4.CARPET
8.4.1.Overview
8.4.2.Carpet Market Forecast and Analysis
9.TEXTILE FLOORING MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
9.1.OVERVIEW
9.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
9.3.TUFTING
9.3.1.Overview
9.3.2.Tufting Market Forecast and Analysis
9.4.WOVEN
9.4.1.Overview
9.4.2.Woven Market Forecast and Analysis
9.5.NEEDLEFELT
9.5.1.Overview
9.5.2.Needlefelt Market Forecast and Analysis
10.TEXTILE FLOORING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1.OVERVIEW
10.2.APPLICATION MARKET FORECASTS AND ANALYSIS
10.3.RESIDENTIAL
10.3.1.Overview
10.3.2.Residential Market Forecast and Analysis
10.4.COMMERCIAL
10.4.1.Overview
10.4.2.Commercial Market Forecast and Analysis
10.5.OTHERS
10.5.1.Overview
10.5.2.Others Market Forecast and Analysis
11.TEXTILE FLOORING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Textile Flooring Market Overview
11.1.2North America Textile Flooring Market Forecasts and Analysis
11.1.3North America Textile Flooring Market Forecasts and Analysis - By Material Type
11.1.4North America Textile Flooring Market Forecasts and Analysis - By Product Type
11.1.5North America Textile Flooring Market Forecasts and Analysis - By Technology
11.1.6North America Textile Flooring Market Forecasts and Analysis - By Application
11.1.7North America Textile Flooring Market Forecasts and Analysis - By Countries
11.1.7.1United States Textile Flooring Market
11.1.7.1.1United States Textile Flooring Market by Material Type
11.1.7.1.2United States Textile Flooring Market by Product Type
11.1.7.1.3United States Textile Flooring Market by Technology
11.1.7.1.4United States Textile Flooring Market by Application
11.1.7.2Canada Textile Flooring Market
11.1.7.2.1Canada Textile Flooring Market by Material Type
11.1.7.2.2Canada Textile Flooring Market by Product Type
11.1.7.2.3Canada Textile Flooring Market by Technology
11.1.7.2.4Canada Textile Flooring Market by Application
11.1.7.3Mexico Textile Flooring Market
11.1.7.3.1Mexico Textile Flooring Market by Material Type
11.1.7.3.2Mexico Textile Flooring Market by Product Type
11.1.7.3.3Mexico Textile Flooring Market by Technology
11.1.7.3.4Mexico Textile Flooring Market by Application
11.2.EUROPE
11.2.1Europe Textile Flooring Market Overview
11.2.2Europe Textile Flooring Market Forecasts and Analysis
11.2.3Europe Textile Flooring Market Forecasts and Analysis - By Material Type
11.2.4Europe Textile Flooring Market Forecasts and Analysis - By Product Type
11.2.5Europe Textile Flooring Market Forecasts and Analysis - By Technology
11.2.6Europe Textile Flooring Market Forecasts and Analysis - By Application
11.2.7Europe Textile Flooring Market Forecasts and Analysis - By Countries
11.2.7.1Germany Textile Flooring Market
11.2.7.1.1Germany Textile Flooring Market by Material Type
11.2.7.1.2Germany Textile Flooring Market by Product Type
11.2.7.1.3Germany Textile Flooring Market by Technology
11.2.7.1.4Germany Textile Flooring Market by Application
11.2.7.2France Textile Flooring Market
11.2.7.2.1France Textile Flooring Market by Material Type
11.2.7.2.2France Textile Flooring Market by Product Type
11.2.7.2.3France Textile Flooring Market by Technology
11.2.7.2.4France Textile Flooring Market by Application
11.2.7.3Italy Textile Flooring Market
11.2.7.3.1Italy Textile Flooring Market by Material Type
11.2.7.3.2Italy Textile Flooring Market by Product Type
11.2.7.3.3Italy Textile Flooring Market by Technology
11.2.7.3.4Italy Textile Flooring Market by Application
11.2.7.4United Kingdom Textile Flooring Market
11.2.7.4.1United Kingdom Textile Flooring Market by Material Type
11.2.7.4.2United Kingdom Textile Flooring Market by Product Type
11.2.7.4.3United Kingdom Textile Flooring Market by Technology
11.2.7.4.4United Kingdom Textile Flooring Market by Application
11.2.7.5Russia Textile Flooring Market
11.2.7.5.1Russia Textile Flooring Market by Material Type
11.2.7.5.2Russia Textile Flooring Market by Product Type
11.2.7.5.3Russia Textile Flooring Market by Technology
11.2.7.5.4Russia Textile Flooring Market by Application
11.2.7.6Rest of Europe Textile Flooring Market
11.2.7.6.1Rest of Europe Textile Flooring Market by Material Type
11.2.7.6.2Rest of Europe Textile Flooring Market by Product Type
11.2.7.6.3Rest of Europe Textile Flooring Market by Technology
11.2.7.6.4Rest of Europe Textile Flooring Market by Application
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Textile Flooring Market Overview
11.3.2Asia-Pacific Textile Flooring Market Forecasts and Analysis
11.3.3Asia-Pacific Textile Flooring Market Forecasts and Analysis - By Material Type
11.3.4Asia-Pacific Textile Flooring Market Forecasts and Analysis - By Product Type
11.3.5Asia-Pacific Textile Flooring Market Forecasts and Analysis - By Technology
11.3.6Asia-Pacific Textile Flooring Market Forecasts and Analysis - By Application
11.3.7Asia-Pacific Textile Flooring Market Forecasts and Analysis - By Countries
11.3.7.1Australia Textile Flooring Market
11.3.7.1.1Australia Textile Flooring Market by Material Type
11.3.7.1.2Australia Textile Flooring Market by Product Type
11.3.7.1.3Australia Textile Flooring Market by Technology
11.3.7.1.4Australia Textile Flooring Market by Application
11.3.7.2China Textile Flooring Market
11.3.7.2.1China Textile Flooring Market by Material Type
11.3.7.2.2China Textile Flooring Market by Product Type
11.3.7.2.3China Textile Flooring Market by Technology
11.3.7.2.4China Textile Flooring Market by Application
11.3.7.3India Textile Flooring Market
11.3.7.3.1India Textile Flooring Market by Material Type
11.3.7.3.2India Textile Flooring Market by Product Type
11.3.7.3.3India Textile Flooring Market by Technology
11.3.7.3.4India Textile Flooring Market by Application
11.3.7.4Japan Textile Flooring Market
11.3.7.4.1Japan Textile Flooring Market by Material Type
11.3.7.4.2Japan Textile Flooring Market by Product Type
11.3.7.4.3Japan Textile Flooring Market by Technology
11.3.7.4.4Japan Textile Flooring Market by Application
11.3.7.5South Korea Textile Flooring Market
11.3.7.5.1South Korea Textile Flooring Market by Material Type
11.3.7.5.2South Korea Textile Flooring Market by Product Type
11.3.7.5.3South Korea Textile Flooring Market by Technology
11.3.7.5.4South Korea Textile Flooring Market by Application
11.3.7.6Rest of Asia-Pacific Textile Flooring Market
11.3.7.6.1Rest of Asia-Pacific Textile Flooring Market by Material Type
11.3.7.6.2Rest of Asia-Pacific Textile Flooring Market by Product Type
11.3.7.6.3Rest of Asia-Pacific Textile Flooring Market by Technology
11.3.7.6.4Rest of Asia-Pacific Textile Flooring Market by Application
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Textile Flooring Market Overview
11.4.2Middle East and Africa Textile Flooring Market Forecasts and Analysis
11.4.3Middle East and Africa Textile Flooring Market Forecasts and Analysis - By Material Type
11.4.4Middle East and Africa Textile Flooring Market Forecasts and Analysis - By Product Type
11.4.5Middle East and Africa Textile Flooring Market Forecasts and Analysis - By Technology
11.4.6Middle East and Africa Textile Flooring Market Forecasts and Analysis - By Application
11.4.7Middle East and Africa Textile Flooring Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Textile Flooring Market
11.4.7.1.1South Africa Textile Flooring Market by Material Type
11.4.7.1.2South Africa Textile Flooring Market by Product Type
11.4.7.1.3South Africa Textile Flooring Market by Technology
11.4.7.1.4South Africa Textile Flooring Market by Application
11.4.7.2Saudi Arabia Textile Flooring Market
11.4.7.2.1Saudi Arabia Textile Flooring Market by Material Type
11.4.7.2.2Saudi Arabia Textile Flooring Market by Product Type
11.4.7.2.3Saudi Arabia Textile Flooring Market by Technology
11.4.7.2.4Saudi Arabia Textile Flooring Market by Application
11.4.7.3U.A.E Textile Flooring Market
11.4.7.3.1U.A.E Textile Flooring Market by Material Type
11.4.7.3.2U.A.E Textile Flooring Market by Product Type
11.4.7.3.3U.A.E Textile Flooring Market by Technology
11.4.7.3.4U.A.E Textile Flooring Market by Application
11.4.7.4Rest of Middle East and Africa Textile Flooring Market
11.4.7.4.1Rest of Middle East and Africa Textile Flooring Market by Material Type
11.4.7.4.2Rest of Middle East and Africa Textile Flooring Market by Product Type
11.4.7.4.3Rest of Middle East and Africa Textile Flooring Market by Technology
11.4.7.4.4Rest of Middle East and Africa Textile Flooring Market by Application
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Textile Flooring Market Overview
11.5.2South and Central America Textile Flooring Market Forecasts and Analysis
11.5.3South and Central America Textile Flooring Market Forecasts and Analysis - By Material Type
11.5.4South and Central America Textile Flooring Market Forecasts and Analysis - By Product Type
11.5.5South and Central America Textile Flooring Market Forecasts and Analysis - By Technology
11.5.6South and Central America Textile Flooring Market Forecasts and Analysis - By Application
11.5.7South and Central America Textile Flooring Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Textile Flooring Market
11.5.7.1.1Brazil Textile Flooring Market by Material Type
11.5.7.1.2Brazil Textile Flooring Market by Product Type
11.5.7.1.3Brazil Textile Flooring Market by Technology
11.5.7.1.4Brazil Textile Flooring Market by Application
11.5.7.2Argentina Textile Flooring Market
11.5.7.2.1Argentina Textile Flooring Market by Material Type
11.5.7.2.2Argentina Textile Flooring Market by Product Type
11.5.7.2.3Argentina Textile Flooring Market by Technology
11.5.7.2.4Argentina Textile Flooring Market by Application
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.TEXTILE FLOORING MARKET, KEY COMPANY PROFILES
13.1.BALTA GROUP
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 Developments
13.2.BEAULIEU INTERNATIONAL GROUP N.V
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.FORBO HOLDING AG
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.INTERFACE, INC.
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.J+J FLOORING GROUP
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.MANNINGTON MILLS, INC.
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.MOHAWK INDUSTRIES, INC.
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.SHAW INDUSTRIES GROUP INC.
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.TARKETT SA
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.VORWERK FLOORING
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1. Balta Group
2. Beaulieu International Group N.V
3. Forbo Holding AG
4. Interface, Inc.
5. J+J Flooring Group
6. Mannington Mills, Inc.
7. Mohawk Industries, Inc.
8. Shaw Industries Group Inc.
9. Tarkett SA
10. Vorwerk Flooring
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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