The abrasive wheels market is expected to grow from US$ 10,280.8 million in 2017 to US$ 16,400.0 million by 2025 growing at a CAGR of 6.1% from 2018 to 2025.
The Abrasive Wheels Market is at its growing phase in many developing countries owing to its applications in wide range of industries. The market is further expected to flourish in North America and Europe with the growing demand and production of automotive in this regions. One of the key factor propelling the market growth for abrasive wheels is the rapid growth in automotive industry and increase in the demand for higher finished parts. Further, increase in research & development activities is fostering the growth of the market.
The abrasive wheels market report focuses on in-depth segmentation of this market based by product, material type, and regions. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By product, bonded abrasive wheels accounted for the largest share of the abrasive wheels market in 2017, whereas Europe region is expected to grow at the highest CAGR during the forecast period.
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Abrasive Wheels Market: Strategic Insights
Market Size Value in US$ 10,280.8 Million in 2017 Market Size Value by US$ 16,400.0 Million by 2025 Growth rate CAGR of 6.1% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Abrasive Wheels Market: Strategic Insights
| Market Size Value in | US$ 10,280.8 Million in 2017 |
| Market Size Value by | US$ 16,400.0 Million by 2025 |
| Growth rate | CAGR of 6.1% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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The abrasive wheels market report aims to provide an overview of global abrasive wheels market with detailed market segmentation. Also, it analyzes the current abrasive wheels market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide PEST along with the SWOT analysis for all company profiled in the abrasive wheels market report.
Asia-Pacific is one of the prominent regions in abrasive wheels market which is contributing highest revenue globally due to rapid growth in industrial sector, increase in urbanization, and availability of economical labor. Substantial growth in vehicle production in Europe and presence of wide range of companies is also propelling the market for abrasive wheels market. Also, Europe region is expected to grow with highest CAGR during the forecast period, with Germany contributing the major share,
Some of the major players operating in the abrasive wheels market include 3M Company, Saint-Gobain, Super Abrasives, Noritake, Klingspor Abrasives, DSA Products Ltd., Andre Abrasive Articles, Deerfos, Camel Grinding Wheels, and Tyrolit Group.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product , and Material Type
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
TABLE OF CONTENTS
1 Table of Contents 2
1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Scope of the Study
2.2 The Insight Partners Research Report Guidance
3 Key Takeaways
4 Abrasive Wheels Market Landscape
4.1 Market Overview
4.2 Market Segmentation
4.2.1 Global Abrasive Wheels Market – By Product
4.2.2 Global Abrasive Wheels Market – By Material Type
4.2.3 Global Abrasive Wheels Market – By Geography
4.3 PEST Analysis
4.3.1 North America PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 Asia Pacific PEST Analysis
4.3.4 Middle East & Africa PEST Analysis
4.3.5 South America PEST Analysis
5 Global Abrasive Wheels Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Significant Growth in Automotive Industry
5.1.2 Rise in Popularity of Centerless Grinders Leads to New Abrasive Developments
5.2 Key Market Restraints
5.2.1 Challenges in Grinding Operations
5.3 Key Market Opporunities
5.3.1 Increase in Research & Development Activities
5.4 Future Trends
5.4.1 Advancement in Abrasive Technology
5.5 Impact Analysis of Drivers and Restraints
6 Abrasive Wheels Market – Global
6.1 Global Abrasive Wheels Market Overview
6.2 Global Abrasive Wheels Market Forecast and Analysis
7 Global Abrasive Wheels Market Analysis – By Product
7.1 Overview
7.2 Bonded Wheels
7.2.1 Overview
7.2.2 Global Bonded Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
7.2.2.1 Vitrified Wheels
7.2.2.1.1 Overview
7.2.2.1.2 Global Vitrified Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
7.3 Super Abrasive Wheels
7.3.1 Overview
7.3.2 Global Super Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
8 Global Abrasive Wheels Market Analysis – By Material Type
8.1 Overview
8.2 Aluminum Oxide
8.2.1 Overview
8.2.2 Global Aluminum Oxide Market Revenue and Forecasts to 2025 (US$ Mn)
8.3 Zirconia Alumina
8.3.1 Overview
8.3.2 Global Zirconia Alumina Market Revenue and Forecasts to 2025 (US$ Mn)
8.4 Silicon Carbide
8.4.1 Overview
8.4.2 Global Silicon Carbide Market Revenue and Forecasts to 2025 (US$ Mn)
8.5 Ceramic Aluminum Oxide
8.5.1 Overview
8.5.2 Global Ceramic Aluminum Oxide Market Revenue and Forecasts to 2025 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Global Others Market Revenue and Forecasts to 2025 (US$ Mn)
9 Global Abrasive Wheels Market – Geographical Analysis
9.1 Overview
9.2 North America Abrasive Wheels Market Revenue and Forecasts to 2025
9.2.1 Overview
9.2.2 North America Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.3 North America Abrasive Wheels Market Breakdown by Key Countries
9.2.3.1 U.S. Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.3.2 Canada Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.3.3 Mexico Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.4 North America Abrasive Wheels Market Breakdown by Product
9.2.4.1 North America Abrasive Wheels Market Breakdown by Bonded Wheels
9.2.5 North America Abrasive Wheels Market Breakdown by Material Type
9.3 Europe Abrasive Wheels Market Revenue and Forecasts to 2025
9.3.1 Overview
9.3.2 Europe Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3 Europe Abrasive Wheels Market Breakdown by Countries
9.3.3.1 France Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.2 Germany Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.3 Italy Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.4 Spain Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.5 U.K. Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.4 Europe Abrasive Wheels Market Breakdown by Product
9.3.4.1 Europe Abrasive Wheels Market Breakdown by Bonded Wheels
9.3.5 Europe Abrasive Wheels Market Breakdown by Material Type
9.4 Asia Pacific (APAC) Abrasive Wheels Market Revenue and Forecasts to 2025
9.4.1 Overview
9.4.2 Asia Pacific Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3 Asia Pacific Abrasive Wheels Market Breakdown by Countries
9.4.3.1 Australia Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3.2 China Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3.3 India Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3.4 Japan Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.4 Asia Pacific Abrasive Wheels Market Breakdown by Product
9.4.4.1 Asia Pacific Abrasive Wheels Market Breakdown by Bonded Wheels
9.4.5 Asia Pacific Abrasive Wheels Market Breakdown by Material Type
9.5 Middle East & Africa (MEA) Abrasive Wheels Market Revenue and Forecasts to 2025
9.5.1 Overview
9.5.2 Middle East & Africa Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.3 Middle East & Africa Abrasive Wheels Market Breakdown by Countries
9.5.3.1 Saudi Arabia Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.3.2 UAE Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.3.3 South Africa Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.4 Middle East & Africa Abrasive Wheels Market Breakdown by Product
9.5.4.1 Middle East & Africa Abrasive Wheels Market Breakdown by Bonded Wheels
9.5.5 Middle East & Africa Abrasive Wheels Market Breakdown by Material Type
9.6 South America (SAM) Abrasive Wheels Market Revenue and Forecasts to 2025
9.6.1 Overview
9.6.2 South America Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.6.3 South America Abrasive Wheels Market Breakdown by Countries
9.6.3.1 Brazil Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.6.4 South America Abrasive Wheels Market Breakdown by Product
9.6.4.1 South America Abrasive Wheels Market Breakdown by Bonded Wheels
9.6.5 South America Abrasive Wheels Market Breakdown by Material Type
10 Industry Landscape
10.1 Market Initiative
11 Competitive Landscape
11.1 Competitive Product Mapping
11.2 Market positioning
12 Global Abrasive Wheels Market – Key Company Profiles
12.1 3M Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 SuperAbrasives Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 Saint-Gobain
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 NORITAKE CO., LIMITED
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 KLINGSPOR Abrasives, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 DSA Products Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 Andre Abrasive Articles
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 DEERFOS
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 Camel Grinding Wheels Works Sarid LTD
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.1 TYROLIT Group
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
13 Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
13.3 Methodology
13.3.1 Coverage
13.3.2 Secondary Research
13.3.3 Primary Research
13.4 Contact Us
13.5 Disclaimer
LIST OF TABLES
Table 1: Global Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Table 2: Global Abrasive Wheels Market Breakdown Revenue and Forecasts to 2025 – By Bonded Wheels (US$ Mn)
Table 3: North America Abrasive Wheels Market Revenue and Forecasts to 2025 – By Product (US$ Mn)
Table 4: North America Abrasive Wheels Market Revenue and Forecasts to 2025 – By Bonded Wheels (US$ Mn)
Table 5: North America Abrasive Wheels Market Revenue and Forecasts to 2025 – By Material Type (US$ Mn)
Table 6: Europe Abrasive Wheels Market Revenue and Forecasts to 2025 – By Product (US$ Mn)
Table 7: Europe Abrasive Wheels Market Revenue and Forecasts to 2025 – By Bonded Wheels (US$ Mn)
Table 8: Europe Abrasive Wheels Market Revenue and Forecasts to 2025 – By Material Type (US$ Mn)
Table 9: Asia Pacific Abrasive Wheels Market Revenue and Forecasts to 2025 – By Product (US$ Mn)
Table 10: Asia Pacific Abrasive Wheels Market Revenue and Forecasts to 2025 – By Bonded Wheels (US$ Mn)
Table 11: Asia Pacific Abrasive Wheels Market Revenue and Forecasts to 2025 – By Material Type (US$ Mn)
Table 12: Middle East & Africa Abrasive Wheels Market Revenue and Forecasts to 2025 – By Product (US$ Mn)
Table 13: Middle East & Africa Abrasive Wheels Market Revenue and Forecasts to 2025 – By Bonded Wheels (US$ Mn)
Table 14: Middle East & Africa Abrasive Wheels Market Revenue and Forecasts to 2025 – By Material Type (US$ Mn)
Table 15: South America Abrasive Wheels Market Revenue and Forecasts to 2025 – By Product (US$ Mn)
Table 16: South America Abrasive Wheels Market Revenue and Forecasts to 2025 – By Bonded Wheels (US$ Mn)
Table 17: South America Abrasive Wheels Market Revenue and Forecasts to 2025 – By Material Type (US$ Mn)
Table 12: Glossary of Terms, Abrasive Wheels Market 143
LIST OF FIGURES
Figure 1: Asia-Pacific Abrasive Wheels Market, Revenue (US$ Mn), by Geography 2017 & 2025
Figure 2: Abrasive Wheels Market By Product, Market Share (%), 2017
Figure 3: Global Abrasive Wheels Market by, Material Types, Market Share (%), 2017
Figure 4: Abrasive Wheels Market Segmentation
Figure 5: Abrasive Wheels Market Segmentation
Figure 6: North America PEST Analysis
Figure 7: Europe PEST Analysis
Figure 8: APAC PEST Analysis
Figure 9: Middle East & Africa (MEA) PEST Analysis
Figure 10: South America (SAM) PEST Analysis
Figure 11: Abrasive Wheels Market Impact Analysis of Driver and Restraints 37
Figure 12: Global Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn) 39
Figure 13: Global Abrasive Wheels Market Breakdown By Product, 2017 & 2025 (%)
Figure 14: Global Bonded Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 15: Global Abrasive Wheels Market Breakdown By Bonded Wheels, 2017 & 2025 (%)
Figure 16: Global Vitrified Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 17: Global Super Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 18: Global Abrasive Wheels Market Breakdown By Material Type, 2017 & 2025 (%)
Figure 19: Global Aluminum Oxide Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 20: Global Zirconia Alumina Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 21: Global Silicon Carbide Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 22: Global Ceramic Aluminum Oxide Market Revenue and Forecasts to 2025 (US$ Mn) 50
Figure 23: Global Others Market Revenue and Forecasts to 2025 (US$ Mn) 51
Figure 24: Abrasive Wheels Market, Global Breakdown by Region, 2017 & 2025 (%)
Figure 25: North America Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 26: North America Abrasive Wheels Market Breakdown by Key Countries, 2017 & 2025 (%)
Figure 27: U.S. Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 28: Canada Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 29: Mexico Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 30: North America Abrasive Wheels Market Breakdown By Product, 2017 & 2025 (%)
Figure 31: North America Abrasive Wheels Market Breakdown By Bonded Wheels, 2017 & 2025 (%)
Figure 32: North America Abrasive Wheels Market Breakdown by Material Type, 2017 & 2025 (%)
Figure 33: Europe Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 34: Europe Abrasive Wheels Market Breakdown By Key Countries, 2017 & 2025 (%)
Figure 35: France Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 36: Germany Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 37: Italy Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 38: Spain Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 39: U.K. Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 40: Europe Abrasive Wheels Market Breakdown By Product, 2017 & 2025 (%)
Figure 41: Europe Abrasive Wheels Market Breakdown By Bonded Wheels, 2017 & 2025 (%)
Figure 42: Europe Abrasive Wheels Market Breakdown By Material Type, 2017 & 2025 (%)
Figure 43: Asia Pacific Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 44: Asia Pacific Abrasive Wheels Market Breakdown by Key Countries, 2017 & 2025 (%)
Figure 45: Australia Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 46: China Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 47: India Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 48: Japan Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 49: Asia Pacific Abrasive Wheels Market Breakdown By Product, 2017 & 2025 (%)
Figure 50: Asia Pacific Abrasive Wheels Market Breakdown By Bonded Wheels, 2017 & 2025 (%)
Figure 51: Asia Pacific Abrasive Wheels Market Breakdown by Material Type, 2017 & 2025 (%)
Figure 52: MEA Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 53: Middle East & Africa Abrasive Wheels Market Breakdown by Key Countries, 2017 & 2025 (%) 88
Figure 54: Saudi Arabia Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 55: UAE Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 56: South Africa Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 57: Middle East & Africa Abrasive Wheels Market Breakdown By Product, 2017 & 2025 (%)
Figure 58: Middle East & Africa Abrasive Wheels Market Breakdown By Bonded Wheels, 2017 & 2025 (%) 93
Figure 59: Middle East & Africa Abrasive Wheels Market Breakdown By Material Type, 2017 & 2025 (%)
Figure 60: South America Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 61: South America Abrasive Wheels Market Breakdown by Key Countries, 2017 & 2025 (%)
Figure 62: Brazil Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 63: South America Abrasive Wheels Market Breakdown By Product, 2017 & 2025 (%)
Figure 64: South America Abrasive Wheels Market Breakdown By Bonded Wheels, 2017 & 2025 (%) 101
Figure 65: South America Abrasive Wheels Market Breakdown By Material Type, 2017 & 2025 (%)
Figure 66: Global Abrasive Wheels Market Positioning 2017
The List of Companies - Abrasive Wheels Market
1. 3M Company
2. SuperAbrasives Inc.
3. Saint-Gobain
4. NORITAKE Co., Limited
5. KLINGSPOR Abrasives, Inc.
6. DSA Products Ltd.
7. Andre Abrasive Articles
8. DEERFOS
9. Camel Grinding Wheels Works Sarid LTD
10. TYROLIT Group
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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