The Europe commercial aircraft maintenance tooling market is expected to grow from US$ 424.10 million in 2021 to US$ 601.97 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028.
The aviation industry is highly regulated and requires precise monitoring for safer operations. The airlines and commercial aircraft OEMs require continuous inspection and checking of aircraft for maintaining the guidelines made by aviation authorities. The modern aircraft models require regular check & maintenance of parts and different components to preserve the life span as long as possible along with safer and efficient operations. Also, different commercial aircraft components require common maintenance tools and specific tools to perform maintenance, repair, and overhaul operations. Therefore, the maintenance tools play an important role in retaining the life span of an aircraft and support the airlines, aircraft OEMs, and MRO service providers to retain efficient operations that also lead to better aircraft performance. Moreover, the rising awareness for predictive aircraft maintenance is one of the major trends propelling the demand for aircraft maintenance worldwide across the aviation sector. In addition, the deployment of new technologies in commercial aircraft and demand for refurbishment of old generation commercial aircraft fleet are expected to drive the demand for commercial aircraft maintenance tooling in the near future. The European commercial aviation stakeholders experienced havoc tremors from the COVID-19 pandemic. Several aircraft maintenance tooling market players experienced cancellation of previous orders, which reflected a downturn in their revenues, thereby negatively impacting the market. Nonetheless, as the airlines are bringing back their fleets into service, the demand for maintenance tooling is rising at a decent rate, which is a positive growth factor for the commercial aircraft maintenance tooling market players. The need for maintenance tooling is growing in Europe at a fair pace in the current scenario, as the stored aircraft fleet requires intense maintenance. On the other hand, from an aircraft production and delivery perspective, Airbus, the largest commercial aircraft manufacturer, experienced a significant decline in production volumes in 2020. However, as domestic and international aviation is picking up, the aircraft manufacture intends to scale up its production of the A320 fleet. Thus, with the increase in the newer fleet, the adoption rate of different maintenance tools is expected to rise in the coming years.
With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe commercial aircraft maintenance tooling market. The commercial aviation industry had been witnessing a significant growth rate prior to the outbreak of COVID-19. However, the concerns related to vibrations on aircraft engines and airframes are among the most critical aspects for MRO service providers and airline operators with in-house MRO facility looks upon. This is due to the fact that more than any other industry, each component in the aviation industry is mission-critical as a single defect has the potential of causing costly or catastrophic consequences. Therefore, engine and airframe vibration analysis are of utmost importance for the aircraft operators and MRO service providers, which is propelling the demand for vibration meters in the MRO industry stakeholders, bolstering the commercial aircraft maintenance tooling market.
Europe Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
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Europe Commercial Aircraft Maintenance Tooling Market Segmentation
Europe Commercial Aircraft Maintenance Tooling Market – By Tool Type
- Speed Handle
- Wrenches
- Safety Wire Pliers
- Vibration Meters
- Metal Working Tools
- NDT Tools
- Others
Europe Commercial Aircraft Maintenance Tooling Market – By Users
- MRO Service Providers
- Airline Operator
Europe Commercial Aircraft Maintenance Tooling Market – By Application
- Engine
- Airframe
- Landing Gear
- Line Maintenance
- Others
Europe Commercial Aircraft Maintenance Tooling Market – By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
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.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Data Sources:
4. Europe Commercial Aircraft Maintenance Tooling Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Premium Insights
4.4.1 Commercial Aircraft Maintenance Specialty Tools, by Airbus and Boeing
4.4.2 Licensed Manufacturers of Airbus and Boeing Tools
4.4.3 Airbus and Boeing Maintenance Tools – Distributors
5. Commercial Aircraft Maintenance Tooling – Market Dynamics
5.1 Market Drivers
5.1.1 Rise in the Number of Aircraft MRO Hangars
5.1.2 Incrementing Demand for Vibration Meters
5.2 Market Restraints
5.2.1 Lack of Skilled Laborers
5.3 Market Opportunities
5.3.1 Delivery of New Aircraft Fleets
5.4 Future Trends
5.4.1 Heightening Demand for Tools for Engine and Line Maintenance
5.5 Impact Analysis of Drivers and Restraints
6. Commercial Aircraft Maintenance Tooling Market – Europe Analysis
6.1 Europe Commercial Aircraft Maintenance Tooling Market Overview
6.2 Europe Commercial Aircraft Maintenance Tooling Market Revenue Forecast and Analysis
7. Europe Commercial Aircraft Maintenance Tooling Market Analysis – By Tool Type
7.1 Overview
7.2 Commercial Aircraft Maintenance Tooling Market Breakdown, By Tool Type (2020 and 2028)
7.3 Speed Handle
7.3.1 Overview
7.3.2 Speed Handle: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
7.4 Wrenches
7.4.1 Overview
7.4.2 Wrenches: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
7.5 Safety Wire Pliers
7.5.1 Overview
7.5.2 Safety Wire Pliers: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
7.6 Vibration Meter
7.6.1 Overview
7.6.2 Vibration Meter: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
7.7 Metalworking Tools
7.7.1 Overview
7.7.2 Metalworking Tools: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
7.8 NDT Tools
7.8.1 Overview
7.8.2 NDT Tools: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.2 Others: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
8. Europe Commercial Aircraft Maintenance Tooling Market Analysis – By Users
8.1 Overview
8.2 Commercial Aircraft Maintenance Tooling Market Breakdown, By Users (2020 and 2028)
8.3 MRO Service Providers
8.3.1 Overview
8.3.2 MRO Service Providers: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
8.4 Airline Operators
8.4.1 Overview
8.4.2 Airline Operators: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Commercial Aircraft Maintenance Tooling Market Analysis – By Application
9.1 Overview
9.2 Commercial Aircraft Maintenance Tooling Market Breakdown, By Application (2020 and 2028)
9.3 Engine
9.3.1 Overview
9.3.2 Engine: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
9.4 Airframe
9.4.1 Overview
9.4.2 Airframe: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
9.5 Landing Gear
9.5.1 Overview
9.5.2 Landing Gear: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
9.6 Line Maintenance
9.6.1 Overview
9.6.2 Line Maintenance: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
10. Europe Commercial Aircraft Maintenance Tooling Market – Country Analysis
10.1 Europe: Commercial Aircraft Maintenance Tooling Market
10.1.1 Europe: Commercial Aircraft Maintenance Tooling Market, By Country
10.1.1.1 Germany: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Commercial Aircraft Maintenance Tooling Market, By Tool Type
10.1.1.1.2 Germany: Commercial Aircraft Maintenance Tooling Market, By User
10.1.1.1.3 Germany: Commercial Aircraft Maintenance Tooling Market, By Application
10.1.1.2 France: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Commercial Aircraft Maintenance Tooling Market, By Tool Type
10.1.1.2.2 France: Commercial Aircraft Maintenance Tooling Market, By User
10.1.1.2.3 France: Commercial Aircraft Maintenance Tooling Market, By Application
10.1.1.3 Italy: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Commercial Aircraft Maintenance Tooling Market, By Tool Type
10.1.1.3.2 Italy: Commercial Aircraft Maintenance Tooling Market, By User
10.1.1.3.3 Italy: Commercial Aircraft Maintenance Tooling Market, By Application
10.1.1.4 UK: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Commercial Aircraft Maintenance Tooling Market, By Tool Type
10.1.1.4.2 UK: Commercial Aircraft Maintenance Tooling Market, By User
10.1.1.4.3 UK: Commercial Aircraft Maintenance Tooling Market, By Application
10.1.1.5 Russia: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Commercial Aircraft Maintenance Tooling Market, By Tool Type
10.1.1.5.2 Russia: Commercial Aircraft Maintenance Tooling Market, By User
10.1.1.5.3 Russia: Commercial Aircraft Maintenance Tooling Market, By Application
10.1.1.6 Rest of Europe: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Commercial Aircraft Maintenance Tooling Market, By Tool Type
10.1.1.6.2 Rest of Europe: Commercial Aircraft Maintenance Tooling Market, By User
10.1.1.6.3 Rest of Europe: Commercial Aircraft Maintenance Tooling Market, By Application
11. Europe Commercial Aircraft Maintenance Tooling Market - COVID-19 Impact Analysis
11.1 Overview
11.2 Europe: Impact Assessment of COVID-19 Pandemic
12. Europe Commercial Aircraft Maintenance Tooling Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Launch
12.4 Merger and Acquisition
13. Company Profiles
13.1 HYDRO SYSTEMS KG
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Red Box Aviation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Stanley Black & Decker, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 STAHLWILLE Eduard Wille GmbH & Co. KG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Field International Group Limited
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Henchman Products
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Dedienne Aerospace
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Franke Aerotec GmbH
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Tronair Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Snap-On Incorporated
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Commercial Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Commercial Aircraft Maintenance Tooling Market, By User – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Commercial Aircraft Maintenance Tooling Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. France Commercial Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. France Commercial Aircraft Maintenance Tooling Market, By User – Revenue and Forecast to 2028 (US$ Million)
Table 7. France Commercial Aircraft Maintenance Tooling Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy Commercial Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy Commercial Aircraft Maintenance Tooling Market, By User – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy Commercial Aircraft Maintenance Tooling Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. UK Commercial Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2028 (US$ Million)
Table 12. UK Commercial Aircraft Maintenance Tooling Market, By User– Revenue and Forecast to 2028 (US$ Million)
Table 13. UK Commercial Aircraft Maintenance Tooling Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia Commercial Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia Commercial Aircraft Maintenance Tooling Market, By User – Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia Commercial Aircraft Maintenance Tooling Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe Commercial Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe Commercial Aircraft Maintenance Tooling Market, By User – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe Commercial Aircraft Maintenance Tooling Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Commercial Aircraft Maintenance Tooling Market Segmentation
Figure 2. Commercial Aircraft Maintenance Tooling Market Segmentation – By Country
Figure 3. Europe Commercial Aircraft Maintenance Tooling Market Overview
Figure 4. Commercial Aircraft Maintenance Tooling Market, by Tool Type
Figure 5. Commercial Aircraft Maintenance Tooling Market, by Application
Figure 6. Commercial Aircraft Maintenance Tooling Market, By Country
Figure 7. Commercial Aircraft Maintenance Tooling Market– Porter’s Analysis
Figure 8. Ecosystem Analysis
Figure 9. Aircraft Delivery by Airbus and Boeing in 2019, 2020, and 2021 (Till Q2)
Figure 10. Commercial Aircraft Maintenance Tooling Market: Impact Analysis of Drivers and Restraints
Figure 11. Europe Commercial Aircraft Maintenance Tooling Market Revenue Forecast and Analysis (US$ Million)
Figure 12. Commercial Aircraft Maintenance Tooling Market Breakdown, By Tool Type (2020 and 2028)
Figure 13. Speed Handle: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Wrenches: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Safety Wire Pliers: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Vibration Meter: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Metalworking Tools: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. NDT Tools: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Commercial Aircraft Maintenance Tooling Market Breakdown, By Users (2020 and 2028)
Figure 21. MRO Service Providers: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Airline Operators: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Commercial Aircraft Maintenance Tooling Market Breakdown, By Application (2020 and 2028)
Figure 24. Engine: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Airframe: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Landing Gear: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Line Maintenance: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Others: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Europe: Commercial Aircraft Maintenance tooling Market, by Key Country – Revenue (2020) (USD Million)
Figure 30. Europe: Commercial Aircraft Maintenance Tooling Market Revenue Share, By Country (2020 and 2028)
Figure 31. Germany: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. France: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Italy: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. UK: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Russia: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of Europe: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Impact of COVID-19 Pandemic in Europe Country Markets
- HYDRO SYSTEMS KG
- Red Box Aviation
- Stanley Black & Decker, Inc.
- STAHLWILLE Eduard Wille GmbH & Co. KG
- Field International Group Limited
- Henchman Products
- Dedienne Aerospace
- Franke Aerotec GmbH
- Tronair Inc.
- Snap-On Incorporated
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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