Aircraft Refueling Trucks Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Aircraft Refueling Trucks Market covers analysis By Type (1000 to 5000 Gallon, 5000 to 10000 Gallon, 10000 to 15000 Gallon, Above 15000 Gallon); Application (Commercial Aviation, Military Aviation) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPAD00002477
  • Category : Automotive and Transportation
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

Aircraft refueling plays an integral part in the course of airline operations. Aircraft refueling trucks are used to fuel the aircraft tanks with aviation fuels used to provide power to the flights along with pressure control, ladder brackets, refueling system, hoses, chassis, and others. Aircraft refueling plays an integral part in the course of airline operations Emergence of aircraft manufacturers to match up with growing demand for aircrafts is considered to increase the growth of refueling tracks as well and henceforth is driving the aircraft refueling trucks market.

MARKET SCOPE

The "Global Aircraft Refueling Trucks Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of aircraft refueling trucks market with detailed market segmentation by process, aircraft type, and geography. The global aircraft refueling trucks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aircraft refueling trucks market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION

  •   Based on Type, the market is segmented into 1000-5000 Gallon, 5000-10000 Gallon, 10000-15000 Gallon, and Above 15000 Gallon.
  •   On the basis of the Application, the market can be bifurcated into Commercial Aviation and Military Aviation.


MARKET DYNAMICS
Drivers:

  •   Increasing air traffic and improved focus on aircraft modernization programs
  •   Rise in medium and long-haul flights
  •   Emergence of aircraft manufacturers to match up with growing demand for aircrafts
    Restraint -
  •   Volatile pricing of fuel in oil & gas industries


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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aircraft refueling trucks 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 market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 aircraft refueling trucks market in these regions.

IMPACT OF COVID-19 ON AIRCRAFT REFUELING TRUCKS MARKET
COVID-19 severely impacted the aviation industry by the end of 2020 as there were several travel bans and other lockdown related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the aviation and aerospace industry, including aircraft refueling trucks manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, airlines have been focusing on reducing costs and expenses, which includes cutting back on MRO spending. Due to long duration of parked aircrafts, there will be an accelerated rate of aircraft retirements and more efficient and sustainable aircrafts will be deployed. Since more maintenance is required by aircrafts as they age, the replacement of older aircrafts by new ones is further affecting the aircraft refueling trucks market.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aircraft refueling trucks 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 market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 aircraft refueling trucks market in these regions.

IMPACT OF COVID-19 ON AIRCRAFT REFUELING TRUCKS MARKET
COVID-19 severely impacted the aviation industry by the end of 2020 as there were several travel bans and other lockdown related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the aviation and aerospace industry, including aircraft refueling trucks manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, airlines have been focusing on reducing costs and expenses, which includes cutting back on MRO spending. Due to long duration of parked aircrafts, there will be an accelerated rate of aircraft retirements and more efficient and sustainable aircrafts will be deployed. Since more maintenance is required by aircrafts as they age, the replacement of older aircrafts by new ones is further affecting the aircraft refueling trucks market.

MARKET PLAYERS

The reports cover key developments in the aircraft refueling trucks 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 aircraft refueling trucks market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft refueling trucks market. Below mentioned is the list of few companies engaged in the aircraft refueling trucks market.

The report also includes the profiles of key aircraft refueling trucks 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.

  •   Omega Aviation Services Inc.
  •   Garsite LLC
  •   Skymark Airlines
  •   Fluid Transfer International
  •   General Transervice, Inc.
  •   Titan Aviation
  •   Holmwood Group
  •   Westmor Industries
  •   Engine & Accessory Manufacturing Inc.,
  •   Aviaco GSE.


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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aircraft Refueling Trucks Market - By Type
1.3.2 Aircraft Refueling Trucks Market - By Application
1.3.3 Aircraft Refueling Trucks Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. AIRCRAFT REFUELING TRUCKS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. AIRCRAFT REFUELING TRUCKS 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. AIRCRAFT REFUELING TRUCKS MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRCRAFT REFUELING TRUCKS - GLOBAL MARKET OVERVIEW
6.2. AIRCRAFT REFUELING TRUCKS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. AIRCRAFT REFUELING TRUCKS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. 1000 TO 5000 GALLON
7.3.1. Overview
7.3.2. 1000 to 5000 Gallon Market Forecast and Analysis
7.4. 5000 TO 10000 GALLON
7.4.1. Overview
7.4.2. 5000 to 10000 Gallon Market Forecast and Analysis
7.5. 10000 TO 15000 GALLON
7.5.1. Overview
7.5.2. 10000 to 15000 Gallon Market Forecast and Analysis
7.6. ABOVE 15000 GALLON
7.6.1. Overview
7.6.2. Above 15000 Gallon Market Forecast and Analysis
8. AIRCRAFT REFUELING TRUCKS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL AVIATION
8.3.1. Overview
8.3.2. Commercial Aviation Market Forecast and Analysis
8.4. MILITARY AVIATION
8.4.1. Overview
8.4.2. Military Aviation Market Forecast and Analysis

9. AIRCRAFT REFUELING TRUCKS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Aircraft Refueling Trucks Market Overview
9.1.2 North America Aircraft Refueling Trucks Market Forecasts and Analysis
9.1.3 North America Aircraft Refueling Trucks Market Forecasts and Analysis - By Type
9.1.4 North America Aircraft Refueling Trucks Market Forecasts and Analysis - By Application
9.1.5 North America Aircraft Refueling Trucks Market Forecasts and Analysis - By Countries
9.1.5.1 United States Aircraft Refueling Trucks Market
9.1.5.1.1 United States Aircraft Refueling Trucks Market by Type
9.1.5.1.2 United States Aircraft Refueling Trucks Market by Application
9.1.5.2 Canada Aircraft Refueling Trucks Market
9.1.5.2.1 Canada Aircraft Refueling Trucks Market by Type
9.1.5.2.2 Canada Aircraft Refueling Trucks Market by Application
9.1.5.3 Mexico Aircraft Refueling Trucks Market
9.1.5.3.1 Mexico Aircraft Refueling Trucks Market by Type
9.1.5.3.2 Mexico Aircraft Refueling Trucks Market by Application
9.2. EUROPE
9.2.1 Europe Aircraft Refueling Trucks Market Overview
9.2.2 Europe Aircraft Refueling Trucks Market Forecasts and Analysis
9.2.3 Europe Aircraft Refueling Trucks Market Forecasts and Analysis - By Type
9.2.4 Europe Aircraft Refueling Trucks Market Forecasts and Analysis - By Application
9.2.5 Europe Aircraft Refueling Trucks Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Aircraft Refueling Trucks Market
9.2.5.1.1 Germany Aircraft Refueling Trucks Market by Type
9.2.5.1.2 Germany Aircraft Refueling Trucks Market by Application
9.2.5.2 France Aircraft Refueling Trucks Market
9.2.5.2.1 France Aircraft Refueling Trucks Market by Type
9.2.5.2.2 France Aircraft Refueling Trucks Market by Application
9.2.5.3 Italy Aircraft Refueling Trucks Market
9.2.5.3.1 Italy Aircraft Refueling Trucks Market by Type
9.2.5.3.2 Italy Aircraft Refueling Trucks Market by Application
9.2.5.4 United Kingdom Aircraft Refueling Trucks Market
9.2.5.4.1 United Kingdom Aircraft Refueling Trucks Market by Type
9.2.5.4.2 United Kingdom Aircraft Refueling Trucks Market by Application
9.2.5.5 Russia Aircraft Refueling Trucks Market
9.2.5.5.1 Russia Aircraft Refueling Trucks Market by Type
9.2.5.5.2 Russia Aircraft Refueling Trucks Market by Application
9.2.5.6 Rest of Europe Aircraft Refueling Trucks Market
9.2.5.6.1 Rest of Europe Aircraft Refueling Trucks Market by Type
9.2.5.6.2 Rest of Europe Aircraft Refueling Trucks Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Aircraft Refueling Trucks Market Overview
9.3.2 Asia-Pacific Aircraft Refueling Trucks Market Forecasts and Analysis
9.3.3 Asia-Pacific Aircraft Refueling Trucks Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Aircraft Refueling Trucks Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Aircraft Refueling Trucks Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Aircraft Refueling Trucks Market
9.3.5.1.1 Australia Aircraft Refueling Trucks Market by Type
9.3.5.1.2 Australia Aircraft Refueling Trucks Market by Application
9.3.5.2 China Aircraft Refueling Trucks Market
9.3.5.2.1 China Aircraft Refueling Trucks Market by Type
9.3.5.2.2 China Aircraft Refueling Trucks Market by Application
9.3.5.3 India Aircraft Refueling Trucks Market
9.3.5.3.1 India Aircraft Refueling Trucks Market by Type
9.3.5.3.2 India Aircraft Refueling Trucks Market by Application
9.3.5.4 Japan Aircraft Refueling Trucks Market
9.3.5.4.1 Japan Aircraft Refueling Trucks Market by Type
9.3.5.4.2 Japan Aircraft Refueling Trucks Market by Application
9.3.5.5 South Korea Aircraft Refueling Trucks Market
9.3.5.5.1 South Korea Aircraft Refueling Trucks Market by Type
9.3.5.5.2 South Korea Aircraft Refueling Trucks Market by Application
9.3.5.6 Rest of Asia-Pacific Aircraft Refueling Trucks Market
9.3.5.6.1 Rest of Asia-Pacific Aircraft Refueling Trucks Market by Type
9.3.5.6.2 Rest of Asia-Pacific Aircraft Refueling Trucks Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Aircraft Refueling Trucks Market Overview
9.4.2 Middle East and Africa Aircraft Refueling Trucks Market Forecasts and Analysis
9.4.3 Middle East and Africa Aircraft Refueling Trucks Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Aircraft Refueling Trucks Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Aircraft Refueling Trucks Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Aircraft Refueling Trucks Market
9.4.5.1.1 South Africa Aircraft Refueling Trucks Market by Type
9.4.5.1.2 South Africa Aircraft Refueling Trucks Market by Application
9.4.5.2 Saudi Arabia Aircraft Refueling Trucks Market
9.4.5.2.1 Saudi Arabia Aircraft Refueling Trucks Market by Type
9.4.5.2.2 Saudi Arabia Aircraft Refueling Trucks Market by Application
9.4.5.3 U.A.E Aircraft Refueling Trucks Market
9.4.5.3.1 U.A.E Aircraft Refueling Trucks Market by Type
9.4.5.3.2 U.A.E Aircraft Refueling Trucks Market by Application
9.4.5.4 Rest of Middle East and Africa Aircraft Refueling Trucks Market
9.4.5.4.1 Rest of Middle East and Africa Aircraft Refueling Trucks Market by Type
9.4.5.4.2 Rest of Middle East and Africa Aircraft Refueling Trucks Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Aircraft Refueling Trucks Market Overview
9.5.2 South and Central America Aircraft Refueling Trucks Market Forecasts and Analysis
9.5.3 South and Central America Aircraft Refueling Trucks Market Forecasts and Analysis - By Type
9.5.4 South and Central America Aircraft Refueling Trucks Market Forecasts and Analysis - By Application
9.5.5 South and Central America Aircraft Refueling Trucks Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Aircraft Refueling Trucks Market
9.5.5.1.1 Brazil Aircraft Refueling Trucks Market by Type
9.5.5.1.2 Brazil Aircraft Refueling Trucks Market by Application
9.5.5.2 Argentina Aircraft Refueling Trucks Market
9.5.5.2.1 Argentina Aircraft Refueling Trucks Market by Type
9.5.5.2.2 Argentina Aircraft Refueling Trucks Market by Application
9.5.5.3 Rest of South and Central America Aircraft Refueling Trucks Market
9.5.5.3.1 Rest of South and Central America Aircraft Refueling Trucks Market by Type
9.5.5.3.2 Rest of South and Central America Aircraft Refueling Trucks Market by Application

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. AIRCRAFT REFUELING TRUCKS MARKET, KEY COMPANY PROFILES
11.1. OMEGA AVIATION SERVICES INC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GARSITE LLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SKYMARK AIRLINES
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FLUID TRANSFER INTERNATIONAL
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GENERAL TRANSERVICE, INC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. TITAN AVIATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HOLMWOOD GROUP
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. WESTMOR INDUSTRIES
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ENGINE AND ACCESSORY MANUFACTURING INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. AVIACO GSE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS

The List of Companies

1. Omega Aviation Services Inc
2. Garsite LLC
3. Skymark Airlines
4. Fluid Transfer International
5. General Transervice, Inc
6. Titan Aviation
7. Holmwood Group
8. Westmor Industries
9. Engine and Accessory Manufacturing Inc
10. Aviaco GSE

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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