The all-terrain vehicle (ATV) and utility task vehicle (UTV) are increasingly gaining popularity among various commercial as well as personal applications among the users of prominent economies. Furthermore, the emerging countries are also witnessing the swift adoption of these vehicles across numerous commercial, leisure and personal applications. Subsequently, the increase in production of these vehicles is fueling the lucrative growth of the ATV and UTV tire market and is anticipated to provide several lucrative profitable business opportunities for the market players during the coming year.
MARKET DYNAMICS
Factors such as rising popularity of ATV in adventure automotive sports and increase in adoption of UTV vehicles are propelling the demand for their accessories and components including tires. In addition, the surge in popularity of automotive based adventure sports along with their increase in adoption among the military forces is also projected to contribute substantially in the market's growth during the forecast period.
MARKET SCOPE
The "Global ATV and UTV Tire Market Analysis to 2028" is a specialized and in-depth study of the ATV and UTV tire industry with a special focus on the global market trend analysis. The report aims to provide an overview of ATV and UTV tire market with detailed market segmentation by type, rim size, compound size and geography. The global ATV and UTV tire market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ATV and UTV tire market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ATV and UTV tire market is segmented on the basis of type, rim size and compound size. Based on type, the ATV and UTV tire market is segmented tube and tubeless. On the basis of image rim size, the market is segmented as less than 15 inches, 16 to 18 inches, 18 to 20 inches and 21 inches & above. Whereas, based on compound type the market is divided into sand tires, all-terrain, mud 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 ATV and UTV tire market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The ATV and UTV tire market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of various countries globally along with the current trend and opportunities prevailing in the region.
`The report analyzes factors affecting ATV and UTV tire 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 the ATV and UTV tire market for each region.
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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 ATV and UTV tire market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The ATV and UTV tire market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of various countries globally along with the current trend and opportunities prevailing in the region.
`The report analyzes factors affecting ATV and UTV tire 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 the ATV and UTV tire market for each region.
MARKET PLAYERS
The reports cover key developments in the ATV and UTV tire 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 the way for the expansion of business and customer base of market players. The market payers from ATV and UTV tire market are anticipated to lucrative growth opportunities in the future with the rising demand for ATV and UTV tire in the global market. Below mentioned is the list of few companies engaged in the ATV and UTV tire market.
The report also includes the profiles of key 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 the last three years, key development in the past five years.
- Bridgestone Corporation
- Carlisle (The Carlstar Group LLC)
- Duro (Hwa Fong Rubber Ind. Co., Ltd.)
- Kenda Tire
- Maxxis International
- Michelin
- Sedona Tire and Wheel
- The Goodyear Tire and Rubber Company
- Titan International, Inc.
- TOYO TIRE CORPORATION
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1ATV And UTV Tire Market - By Type
1.3.2ATV And UTV Tire Market - By Rim Size
1.3.3ATV And UTV Tire Market - By Compund Type
1.3.4ATV And UTV Tire Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.ATV AND UTV TIRE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.ATV AND UTV TIRE 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.ATV AND UTV TIRE MARKET - GLOBAL MARKET ANALYSIS
6.1.ATV AND UTV TIRE - GLOBAL MARKET OVERVIEW
6.2.ATV AND UTV TIRE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.ATV AND UTV TIRE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.TUBE
7.3.1.Overview
7.3.2.Tube Market Forecast and Analysis
7.4.TUBELESS
7.4.1.Overview
7.4.2.Tubeless Market Forecast and Analysis
8.ATV AND UTV TIRE MARKET - REVENUE AND FORECASTS TO 2028 - RIM SIZE
8.1.OVERVIEW
8.2.RIM SIZE MARKET FORECASTS AND ANALYSIS
8.3.LESS THAN 15 INCHES
8.3.1.Overview
8.3.2.Less than 15 inches Market Forecast and Analysis
8.4.16 TO 18 INCHES
8.4.1.Overview
8.4.2.16 to 18 inches Market Forecast and Analysis
8.5.18 TO 20 INCHES
8.5.1.Overview
8.5.2.18 to 20 inches Market Forecast and Analysis
8.6.21 AND ABOVE
8.6.1.Overview
8.6.2.21 and above Market Forecast and Analysis
9.ATV AND UTV TIRE MARKET - REVENUE AND FORECASTS TO 2028 - COMPUND TYPE
9.1.OVERVIEW
9.2.COMPUND TYPE MARKET FORECASTS AND ANALYSIS
9.3.SAND TIRES
9.3.1.Overview
9.3.2.Sand Tires Market Forecast and Analysis
9.4.ALL-TERRAIN
9.4.1.Overview
9.4.2.All-terrain Market Forecast and Analysis
9.5.MUD
9.5.1.Overview
9.5.2.Mud Market Forecast and Analysis
9.6.OTHERS
9.6.1.Overview
9.6.2.Others Market Forecast and Analysis
10.ATV AND UTV TIRE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America ATV And UTV Tire Market Overview
10.1.2North America ATV And UTV Tire Market Forecasts and Analysis
10.1.3North America ATV And UTV Tire Market Forecasts and Analysis - By Type
10.1.4North America ATV And UTV Tire Market Forecasts and Analysis - By Rim Size
10.1.5North America ATV And UTV Tire Market Forecasts and Analysis - By Compund Type
10.1.6North America ATV And UTV Tire Market Forecasts and Analysis - By Countries
10.1.6.1United States ATV And UTV Tire Market
10.1.6.1.1United States ATV And UTV Tire Market by Type
10.1.6.1.2United States ATV And UTV Tire Market by Rim Size
10.1.6.1.3United States ATV And UTV Tire Market by Compund Type
10.1.6.2Canada ATV And UTV Tire Market
10.1.6.2.1Canada ATV And UTV Tire Market by Type
10.1.6.2.2Canada ATV And UTV Tire Market by Rim Size
10.1.6.2.3Canada ATV And UTV Tire Market by Compund Type
10.1.6.3Mexico ATV And UTV Tire Market
10.1.6.3.1Mexico ATV And UTV Tire Market by Type
10.1.6.3.2Mexico ATV And UTV Tire Market by Rim Size
10.1.6.3.3Mexico ATV And UTV Tire Market by Compund Type
10.2.EUROPE
10.2.1Europe ATV And UTV Tire Market Overview
10.2.2Europe ATV And UTV Tire Market Forecasts and Analysis
10.2.3Europe ATV And UTV Tire Market Forecasts and Analysis - By Type
10.2.4Europe ATV And UTV Tire Market Forecasts and Analysis - By Rim Size
10.2.5Europe ATV And UTV Tire Market Forecasts and Analysis - By Compund Type
10.2.6Europe ATV And UTV Tire Market Forecasts and Analysis - By Countries
10.2.6.1Germany ATV And UTV Tire Market
10.2.6.1.1Germany ATV And UTV Tire Market by Type
10.2.6.1.2Germany ATV And UTV Tire Market by Rim Size
10.2.6.1.3Germany ATV And UTV Tire Market by Compund Type
10.2.6.2France ATV And UTV Tire Market
10.2.6.2.1France ATV And UTV Tire Market by Type
10.2.6.2.2France ATV And UTV Tire Market by Rim Size
10.2.6.2.3France ATV And UTV Tire Market by Compund Type
10.2.6.3Italy ATV And UTV Tire Market
10.2.6.3.1Italy ATV And UTV Tire Market by Type
10.2.6.3.2Italy ATV And UTV Tire Market by Rim Size
10.2.6.3.3Italy ATV And UTV Tire Market by Compund Type
10.2.6.4United Kingdom ATV And UTV Tire Market
10.2.6.4.1United Kingdom ATV And UTV Tire Market by Type
10.2.6.4.2United Kingdom ATV And UTV Tire Market by Rim Size
10.2.6.4.3United Kingdom ATV And UTV Tire Market by Compund Type
10.2.6.5Russia ATV And UTV Tire Market
10.2.6.5.1Russia ATV And UTV Tire Market by Type
10.2.6.5.2Russia ATV And UTV Tire Market by Rim Size
10.2.6.5.3Russia ATV And UTV Tire Market by Compund Type
10.2.6.6Rest of Europe ATV And UTV Tire Market
10.2.6.6.1Rest of Europe ATV And UTV Tire Market by Type
10.2.6.6.2Rest of Europe ATV And UTV Tire Market by Rim Size
10.2.6.6.3Rest of Europe ATV And UTV Tire Market by Compund Type
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific ATV And UTV Tire Market Overview
10.3.2Asia-Pacific ATV And UTV Tire Market Forecasts and Analysis
10.3.3Asia-Pacific ATV And UTV Tire Market Forecasts and Analysis - By Type
10.3.4Asia-Pacific ATV And UTV Tire Market Forecasts and Analysis - By Rim Size
10.3.5Asia-Pacific ATV And UTV Tire Market Forecasts and Analysis - By Compund Type
10.3.6Asia-Pacific ATV And UTV Tire Market Forecasts and Analysis - By Countries
10.3.6.1Australia ATV And UTV Tire Market
10.3.6.1.1Australia ATV And UTV Tire Market by Type
10.3.6.1.2Australia ATV And UTV Tire Market by Rim Size
10.3.6.1.3Australia ATV And UTV Tire Market by Compund Type
10.3.6.2China ATV And UTV Tire Market
10.3.6.2.1China ATV And UTV Tire Market by Type
10.3.6.2.2China ATV And UTV Tire Market by Rim Size
10.3.6.2.3China ATV And UTV Tire Market by Compund Type
10.3.6.3India ATV And UTV Tire Market
10.3.6.3.1India ATV And UTV Tire Market by Type
10.3.6.3.2India ATV And UTV Tire Market by Rim Size
10.3.6.3.3India ATV And UTV Tire Market by Compund Type
10.3.6.4Japan ATV And UTV Tire Market
10.3.6.4.1Japan ATV And UTV Tire Market by Type
10.3.6.4.2Japan ATV And UTV Tire Market by Rim Size
10.3.6.4.3Japan ATV And UTV Tire Market by Compund Type
10.3.6.5South Korea ATV And UTV Tire Market
10.3.6.5.1South Korea ATV And UTV Tire Market by Type
10.3.6.5.2South Korea ATV And UTV Tire Market by Rim Size
10.3.6.5.3South Korea ATV And UTV Tire Market by Compund Type
10.3.6.6Rest of Asia-Pacific ATV And UTV Tire Market
10.3.6.6.1Rest of Asia-Pacific ATV And UTV Tire Market by Type
10.3.6.6.2Rest of Asia-Pacific ATV And UTV Tire Market by Rim Size
10.3.6.6.3Rest of Asia-Pacific ATV And UTV Tire Market by Compund Type
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa ATV And UTV Tire Market Overview
10.4.2Middle East and Africa ATV And UTV Tire Market Forecasts and Analysis
10.4.3Middle East and Africa ATV And UTV Tire Market Forecasts and Analysis - By Type
10.4.4Middle East and Africa ATV And UTV Tire Market Forecasts and Analysis - By Rim Size
10.4.5Middle East and Africa ATV And UTV Tire Market Forecasts and Analysis - By Compund Type
10.4.6Middle East and Africa ATV And UTV Tire Market Forecasts and Analysis - By Countries
10.4.6.1South Africa ATV And UTV Tire Market
10.4.6.1.1South Africa ATV And UTV Tire Market by Type
10.4.6.1.2South Africa ATV And UTV Tire Market by Rim Size
10.4.6.1.3South Africa ATV And UTV Tire Market by Compund Type
10.4.6.2Saudi Arabia ATV And UTV Tire Market
10.4.6.2.1Saudi Arabia ATV And UTV Tire Market by Type
10.4.6.2.2Saudi Arabia ATV And UTV Tire Market by Rim Size
10.4.6.2.3Saudi Arabia ATV And UTV Tire Market by Compund Type
10.4.6.3U.A.E ATV And UTV Tire Market
10.4.6.3.1U.A.E ATV And UTV Tire Market by Type
10.4.6.3.2U.A.E ATV And UTV Tire Market by Rim Size
10.4.6.3.3U.A.E ATV And UTV Tire Market by Compund Type
10.4.6.4Rest of Middle East and Africa ATV And UTV Tire Market
10.4.6.4.1Rest of Middle East and Africa ATV And UTV Tire Market by Type
10.4.6.4.2Rest of Middle East and Africa ATV And UTV Tire Market by Rim Size
10.4.6.4.3Rest of Middle East and Africa ATV And UTV Tire Market by Compund Type
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America ATV And UTV Tire Market Overview
10.5.2South and Central America ATV And UTV Tire Market Forecasts and Analysis
10.5.3South and Central America ATV And UTV Tire Market Forecasts and Analysis - By Type
10.5.4South and Central America ATV And UTV Tire Market Forecasts and Analysis - By Rim Size
10.5.5South and Central America ATV And UTV Tire Market Forecasts and Analysis - By Compund Type
10.5.6South and Central America ATV And UTV Tire Market Forecasts and Analysis - By Countries
10.5.6.1Brazil ATV And UTV Tire Market
10.5.6.1.1Brazil ATV And UTV Tire Market by Type
10.5.6.1.2Brazil ATV And UTV Tire Market by Rim Size
10.5.6.1.3Brazil ATV And UTV Tire Market by Compund Type
10.5.6.2Argentina ATV And UTV Tire Market
10.5.6.2.1Argentina ATV And UTV Tire Market by Type
10.5.6.2.2Argentina ATV And UTV Tire Market by Rim Size
10.5.6.2.3Argentina ATV And UTV Tire Market by Compund Type
10.5.6.3Rest of South and Central America ATV And UTV Tire Market
10.5.6.3.1Rest of South and Central America ATV And UTV Tire Market by Type
10.5.6.3.2Rest of South and Central America ATV And UTV Tire Market by Rim Size
10.5.6.3.3Rest of South and Central America ATV And UTV Tire Market by Compund Type
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.ATV AND UTV TIRE MARKET, KEY COMPANY PROFILES
12.1.BRIDGESTONE CORPORATION
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.CARLISLE (THE CARLSTAR GROUP LLC)
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.DURO (HWA FONG RUBBER IND. CO., LTD.)
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.KENDA TIRE
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.MAXXIS INTERNATIONAL
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.MICHELIN
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.SEDONA TIRE AND WHEEL
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 GOODYEAR TIRE AND RUBBER COMPANY
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.TITAN INTERNATIONAL, INC.
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.TOYO TIRE CORPORATION
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. Bridgestone Corporation
2. Carlisle (The Carlstar Group LLC)
3. Duro (Hwa Fong Rubber Ind. Co., Ltd.)
4. Kenda Tire
5. Maxxis International
6. Michelin
7. Sedona Tire and Wheel
8. The Goodyear Tire and Rubber Company
9. Titan International, Inc.
10. TOYO TIRE CORPORATION
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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