A moving walkway, also known as an auto walk, a moving pavement, a moving sidewalk, a people-mover, a travellator or a traveler, is a slow-moving conveyor mechanism that carries people across a horizontal or inclined plane over a short to medium distance. Moving walkways can be used either by standing or walking on them. Moving walkways are commonly used in larger airports, as passengers - often with heavy luggage in tow - usually need to walk long distances. There are several uses of airport moving walkways such as passageways between concourses and the terminal, within particularly long concourses, as a connector between terminals, or, as access to a parking facility. There are generally two types of walkways which are used in airport i.e. belt type and pallet type. More advancement in moving walkways regarding the size and speed are expected to drive the market during forecast period.
MARKET SCOPE
The "Global Airport Moving Walkways 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 airport moving walkways market with detailed market segmentation by type, inclination angle, speed, and geography. The report provides key statistics on the market status of the leading airport moving walkways market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type, the market is segmented as belt type and pallet type
- Based on inclination angle, market is segmented into the horizontal and inclined.
- Based on speed, market is segmented as constant moving walkways, and accelerating moving walkways.
MARKET DYNAMICS
Drivers:
- Growing air passengers traffic all over the world
- Increase in need for effortless commute between terminals
- rising investment for airport construction and improvement
- new airport moving walkway integrated with ultrasonic sensors for smooth automatic approach.
Restraints:
- High initial and maintenance costs
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 Airport Moving Walkway 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 market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Airport Moving Walkway market in these regions
IMPACT OF COVID-19 ON AIRPORT MOVING WALKWAY MARKET
Governments and aviation related businesses across the world are forced to take several stringent measures to contain the spread of the COVID-19 virus. Airports and air traffic around the world had come to a virtual halt in the second quarter of 2020 which led to decline in airport traffic and revenue losses in the aviation industry across all regions. Although, several countries have now started to gradually reopen many parts of the economy, many countries in different regions are again exposed to subsequent waves of infections and governments of these countries have opted for the re-imposition of partial or complete lockdowns. Since the health, safety and wellbeing of passengers and staff is aviation industry's topmost priority, airports and airlines have partnered with governments to prepare the restart of global connectivity as and when the epidemiological situation allows. It is expected that if the global vaccination efforts are successful, the number of passengers traveling by air and outside of their countries is likely to increase by the second half of 2021. Since components, such as Airport Moving Walkways, are vital for the functioning of airports and airlines, the demand for such products for air travel continues to rise with the re-opening of commercial airlines.
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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 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 Airport Moving Walkway 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 market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Airport Moving Walkway market in these regions
IMPACT OF COVID-19 ON AIRPORT MOVING WALKWAY MARKET
Governments and aviation related businesses across the world are forced to take several stringent measures to contain the spread of the COVID-19 virus. Airports and air traffic around the world had come to a virtual halt in the second quarter of 2020 which led to decline in airport traffic and revenue losses in the aviation industry across all regions. Although, several countries have now started to gradually reopen many parts of the economy, many countries in different regions are again exposed to subsequent waves of infections and governments of these countries have opted for the re-imposition of partial or complete lockdowns. Since the health, safety and wellbeing of passengers and staff is aviation industry's topmost priority, airports and airlines have partnered with governments to prepare the restart of global connectivity as and when the epidemiological situation allows. It is expected that if the global vaccination efforts are successful, the number of passengers traveling by air and outside of their countries is likely to increase by the second half of 2021. Since components, such as Airport Moving Walkways, are vital for the functioning of airports and airlines, the demand for such products for air travel continues to rise with the re-opening of commercial airlines.
MARKET PLAYERS
The report covers key developments in the Airport Moving Walkway 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 Airport Moving Walkway market are anticipated to lucrative growth opportunities in the future with the rising demand for Airport Moving Walkway in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Airport Moving Walkway 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.
- Hitachi, Ltd.
- Hyundai Elevator
- KLEEMANN
- KONE Elevator India Private Limited
- Mitsulift
- Otis Elevator Company
- Stannah
- The Schindler Group
- thyssenkrupp Elevator AG
- TOSHIBA JOHNSON ELEVATORS (INDIA) PVT. LTD.
- 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
1.3.1 Airport Moving Walkways Market - By Type
1.3.2 Airport Moving Walkways Market - By Inclination Angle
1.3.3 Airport Moving Walkways Market - By Speed
1.3.4 Airport Moving Walkways Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AIRPORT MOVING WALKWAYS 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. AIRPORT MOVING WALKWAYS 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. AIRPORT MOVING WALKWAYS MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRPORT MOVING WALKWAYS - GLOBAL MARKET OVERVIEW
6.2. AIRPORT MOVING WALKWAYS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AIRPORT MOVING WALKWAYS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BELT TYPE
7.3.1. Overview
7.3.2. Belt Type Market Forecast and Analysis
7.4. PALLET TYPE
7.4.1. Overview
7.4.2. Pallet Type Market Forecast and Analysis
8. AIRPORT MOVING WALKWAYS MARKET - REVENUE AND FORECASTS TO 2028 - INCLINATION ANGLE
8.1. OVERVIEW
8.2. INCLINATION ANGLE MARKET FORECASTS AND ANALYSIS
8.3. HORIZONTAL
8.3.1. Overview
8.3.2. Horizontal Market Forecast and Analysis
8.4. INCLINED
8.4.1. Overview
8.4.2. Inclined Market Forecast and Analysis
9. AIRPORT MOVING WALKWAYS MARKET - REVENUE AND FORECASTS TO 2028 - SPEED
9.1. OVERVIEW
9.2. SPEED MARKET FORECASTS AND ANALYSIS
9.3. CONSTANT MOVING WALKWAYS
9.3.1. Overview
9.3.2. Constant Moving Walkways Market Forecast and Analysis
9.4. ACCELERATING MOVING WALKWAYS
9.4.1. Overview
9.4.2. Accelerating Moving Walkways Market Forecast and Analysis
10. AIRPORT MOVING WALKWAYS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Airport Moving Walkways Market Overview
10.1.2 North America Airport Moving Walkways Market Forecasts and Analysis
10.1.3 North America Airport Moving Walkways Market Forecasts and Analysis - By Type
10.1.4 North America Airport Moving Walkways Market Forecasts and Analysis - By Inclination Angle
10.1.5 North America Airport Moving Walkways Market Forecasts and Analysis - By Speed
10.1.6 North America Airport Moving Walkways Market Forecasts and Analysis - By Countries
10.1.6.1 United States Airport Moving Walkways Market
10.1.6.1.1 United States Airport Moving Walkways Market by Type
10.1.6.1.2 United States Airport Moving Walkways Market by Inclination Angle
10.1.6.1.3 United States Airport Moving Walkways Market by Speed
10.1.6.2 Canada Airport Moving Walkways Market
10.1.6.2.1 Canada Airport Moving Walkways Market by Type
10.1.6.2.2 Canada Airport Moving Walkways Market by Inclination Angle
10.1.6.2.3 Canada Airport Moving Walkways Market by Speed
10.1.6.3 Mexico Airport Moving Walkways Market
10.1.6.3.1 Mexico Airport Moving Walkways Market by Type
10.1.6.3.2 Mexico Airport Moving Walkways Market by Inclination Angle
10.1.6.3.3 Mexico Airport Moving Walkways Market by Speed
10.2. EUROPE
10.2.1 Europe Airport Moving Walkways Market Overview
10.2.2 Europe Airport Moving Walkways Market Forecasts and Analysis
10.2.3 Europe Airport Moving Walkways Market Forecasts and Analysis - By Type
10.2.4 Europe Airport Moving Walkways Market Forecasts and Analysis - By Inclination Angle
10.2.5 Europe Airport Moving Walkways Market Forecasts and Analysis - By Speed
10.2.6 Europe Airport Moving Walkways Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Airport Moving Walkways Market
10.2.6.1.1 Germany Airport Moving Walkways Market by Type
10.2.6.1.2 Germany Airport Moving Walkways Market by Inclination Angle
10.2.6.1.3 Germany Airport Moving Walkways Market by Speed
10.2.6.2 France Airport Moving Walkways Market
10.2.6.2.1 France Airport Moving Walkways Market by Type
10.2.6.2.2 France Airport Moving Walkways Market by Inclination Angle
10.2.6.2.3 France Airport Moving Walkways Market by Speed
10.2.6.3 Italy Airport Moving Walkways Market
10.2.6.3.1 Italy Airport Moving Walkways Market by Type
10.2.6.3.2 Italy Airport Moving Walkways Market by Inclination Angle
10.2.6.3.3 Italy Airport Moving Walkways Market by Speed
10.2.6.4 United Kingdom Airport Moving Walkways Market
10.2.6.4.1 United Kingdom Airport Moving Walkways Market by Type
10.2.6.4.2 United Kingdom Airport Moving Walkways Market by Inclination Angle
10.2.6.4.3 United Kingdom Airport Moving Walkways Market by Speed
10.2.6.5 Russia Airport Moving Walkways Market
10.2.6.5.1 Russia Airport Moving Walkways Market by Type
10.2.6.5.2 Russia Airport Moving Walkways Market by Inclination Angle
10.2.6.5.3 Russia Airport Moving Walkways Market by Speed
10.2.6.6 Rest of Europe Airport Moving Walkways Market
10.2.6.6.1 Rest of Europe Airport Moving Walkways Market by Type
10.2.6.6.2 Rest of Europe Airport Moving Walkways Market by Inclination Angle
10.2.6.6.3 Rest of Europe Airport Moving Walkways Market by Speed
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Airport Moving Walkways Market Overview
10.3.2 Asia-Pacific Airport Moving Walkways Market Forecasts and Analysis
10.3.3 Asia-Pacific Airport Moving Walkways Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Airport Moving Walkways Market Forecasts and Analysis - By Inclination Angle
10.3.5 Asia-Pacific Airport Moving Walkways Market Forecasts and Analysis - By Speed
10.3.6 Asia-Pacific Airport Moving Walkways Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Airport Moving Walkways Market
10.3.6.1.1 Australia Airport Moving Walkways Market by Type
10.3.6.1.2 Australia Airport Moving Walkways Market by Inclination Angle
10.3.6.1.3 Australia Airport Moving Walkways Market by Speed
10.3.6.2 China Airport Moving Walkways Market
10.3.6.2.1 China Airport Moving Walkways Market by Type
10.3.6.2.2 China Airport Moving Walkways Market by Inclination Angle
10.3.6.2.3 China Airport Moving Walkways Market by Speed
10.3.6.3 India Airport Moving Walkways Market
10.3.6.3.1 India Airport Moving Walkways Market by Type
10.3.6.3.2 India Airport Moving Walkways Market by Inclination Angle
10.3.6.3.3 India Airport Moving Walkways Market by Speed
10.3.6.4 Japan Airport Moving Walkways Market
10.3.6.4.1 Japan Airport Moving Walkways Market by Type
10.3.6.4.2 Japan Airport Moving Walkways Market by Inclination Angle
10.3.6.4.3 Japan Airport Moving Walkways Market by Speed
10.3.6.5 South Korea Airport Moving Walkways Market
10.3.6.5.1 South Korea Airport Moving Walkways Market by Type
10.3.6.5.2 South Korea Airport Moving Walkways Market by Inclination Angle
10.3.6.5.3 South Korea Airport Moving Walkways Market by Speed
10.3.6.6 Rest of Asia-Pacific Airport Moving Walkways Market
10.3.6.6.1 Rest of Asia-Pacific Airport Moving Walkways Market by Type
10.3.6.6.2 Rest of Asia-Pacific Airport Moving Walkways Market by Inclination Angle
10.3.6.6.3 Rest of Asia-Pacific Airport Moving Walkways Market by Speed
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Airport Moving Walkways Market Overview
10.4.2 Middle East and Africa Airport Moving Walkways Market Forecasts and Analysis
10.4.3 Middle East and Africa Airport Moving Walkways Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Airport Moving Walkways Market Forecasts and Analysis - By Inclination Angle
10.4.5 Middle East and Africa Airport Moving Walkways Market Forecasts and Analysis - By Speed
10.4.6 Middle East and Africa Airport Moving Walkways Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Airport Moving Walkways Market
10.4.6.1.1 South Africa Airport Moving Walkways Market by Type
10.4.6.1.2 South Africa Airport Moving Walkways Market by Inclination Angle
10.4.6.1.3 South Africa Airport Moving Walkways Market by Speed
10.4.6.2 Saudi Arabia Airport Moving Walkways Market
10.4.6.2.1 Saudi Arabia Airport Moving Walkways Market by Type
10.4.6.2.2 Saudi Arabia Airport Moving Walkways Market by Inclination Angle
10.4.6.2.3 Saudi Arabia Airport Moving Walkways Market by Speed
10.4.6.3 U.A.E Airport Moving Walkways Market
10.4.6.3.1 U.A.E Airport Moving Walkways Market by Type
10.4.6.3.2 U.A.E Airport Moving Walkways Market by Inclination Angle
10.4.6.3.3 U.A.E Airport Moving Walkways Market by Speed
10.4.6.4 Rest of Middle East and Africa Airport Moving Walkways Market
10.4.6.4.1 Rest of Middle East and Africa Airport Moving Walkways Market by Type
10.4.6.4.2 Rest of Middle East and Africa Airport Moving Walkways Market by Inclination Angle
10.4.6.4.3 Rest of Middle East and Africa Airport Moving Walkways Market by Speed
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Airport Moving Walkways Market Overview
10.5.2 South and Central America Airport Moving Walkways Market Forecasts and Analysis
10.5.3 South and Central America Airport Moving Walkways Market Forecasts and Analysis - By Type
10.5.4 South and Central America Airport Moving Walkways Market Forecasts and Analysis - By Inclination Angle
10.5.5 South and Central America Airport Moving Walkways Market Forecasts and Analysis - By Speed
10.5.6 South and Central America Airport Moving Walkways Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Airport Moving Walkways Market
10.5.6.1.1 Brazil Airport Moving Walkways Market by Type
10.5.6.1.2 Brazil Airport Moving Walkways Market by Inclination Angle
10.5.6.1.3 Brazil Airport Moving Walkways Market by Speed
10.5.6.2 Rest of South and Central America Airport Moving Walkways Market
10.5.6.2.1 Rest of South and Central America Airport Moving Walkways Market by Type
10.5.6.2.2 Rest of South and Central America Airport Moving Walkways Market by Inclination Angle
10.5.6.2.3 Rest of South and Central America Airport Moving Walkways Market by Speed
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. AIRPORT MOVING WALKWAYS MARKET, KEY COMPANY PROFILES
12.1. HITACHI, LTD.
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. HYUNDAI ELEVATOR
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. KLEEMANN
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. KONE ELEVATOR INDIA PRIVATE LIMITED
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. MITSULIFT
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. OTIS ELEVATOR COMPANY
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. STANNAH
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. THE SCHINDLER GROUP
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. THYSSENKRUPP ELEVATOR AG
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. TOSHIBA JOHNSON ELEVATORS (INDIA) PVT. LTD.
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. Hitachi, Ltd.
2. Hyundai Elevator
3. KLEEMANN
4. KONE Elevator India Private Limited
5. Mitsulift
6. Otis Elevator Company
7. Stannah
8. The Schindler Group
9. thyssenkrupp Elevator AG
10. TOSHIBA JOHNSON ELEVATORS (INDIA) PVT. LTD.
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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