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

Coverage: Excavator Market covers analysis by Type (Compact Excavator (<13, 227 lbs) , Medium Excavator (13, 227 - 22, 046 lbs) , Standard Excavator (22, 046 - 198, 416 lbs) , Heavy Excavator (>198, 416 lbs) ) ; Operating Mechanism (Electric, Hydraulic, Hybrid) ; End-User (Construction, Mining, Forestry and Agriculture, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00005807
  • Category : Manufacturing and Construction
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION
The excavators are heavy machinery used in the excavation of soils in various applications such as trench digging, material handling, forestry work, demolition, and others. The digging machine is driven usually by hydraulic, electric, or hybrid power mounted on crawler tracks. The type of excavators used for a particular job may vary in terms of its bucket size, length of the boom, operation speed, as well as arm length. Moreover, there are various types of excavators differentiated based on weight loading capacity. These are widely used in construction activities for commercial, residential, and industrial purposes.

MARKET DYNAMICS
The excavator market is anticipated to grow during the forecast period owing to drivers such as increasing investments in construction and infrastructure in developing countries. Moreover, high demands from the mining and oil & gas construction sectors are further expected to fuel the growth of the excavator market. However, strict emission norms may restrict the growth of the excavator market. Nonetheless, the market is likely to showcase substantial growth opportunities on account of rapid urbanization and industrialization in the emerging economies during the forecast period.

MARKET SCOPE
The "Global Excavator Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of excavator market with detailed market segmentation by type, operating mechanism, end-user and geography. The global excavator market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading excavator market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The global excavator market is segmented on the basis of type, operating mechanism, and end-user. Based on type, the market is segmented as compact excavator (<13,227 lbs), medium excavator (13,227 - 22,046 lbs), standard excavator(22,046 - 198,416 lbs), and heavy excavator(>198,416 lbs). On the basis of the operating mechanism, the market is segmented as electric, hydraulic, and hybrid. The market on the basis of the end-user is classified as construction, mining, forestry & agriculture, 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 excavator 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 excavator 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 excavator 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 all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the excavator market in these regions.


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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 excavator 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 excavator 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 excavator 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 all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the excavator market in these regions.


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

The report also includes the profiles of key excavator 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 developments in the past five years.
  • AB Volvo
  • Caterpillar
  • Deere & Company
  • Doosan Corporation
  • Hitachi Construction Machinery Co., Ltd.
  • J C Bamford Excavators Ltd
  • Kobelco Construction Machinery Co., Ltd.
  • Komatsu Ltd.
  • KUBOTA Corporation
  • SANY Group
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.

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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 Excavator Market - By Type
1.3.2 Excavator Market - By Operating Mechanism
1.3.3 Excavator Market - By End-User
1.3.4 Excavator Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. EXCAVATOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. EXCAVATOR 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6. EXCAVATOR MARKET - GLOBAL MARKET ANALYSIS
6.1. EXCAVATOR - GLOBAL MARKET OVERVIEW
6.2. EXCAVATOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. EXCAVATOR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. COMPACT EXCAVATOR (<13
7.3.1. Overview
7.3.2. Compact Excavator (<13 Market Forecast and Analysis
7.4. 227 LBS)
7.4.1. Overview
7.4.2. 227 lbs) Market Forecast and Analysis
7.5. MEDIUM EXCAVATOR (13
7.5.1. Overview
7.5.2. Medium Excavator (13 Market Forecast and Analysis
7.6. 227 - 22
7.6.1. Overview
7.6.2. 227 - 22 Market Forecast and Analysis
7.7. 046 LBS)
7.7.1. Overview
7.7.2. 046 lbs) Market Forecast and Analysis
7.8. STANDARD EXCAVATOR(22
7.8.1. Overview
7.8.2. Standard Excavator(22 Market Forecast and Analysis
7.9. 046 - 198
7.9.1. Overview
7.9.2. 046 - 198 Market Forecast and Analysis
7.10. 416 LBS)
7.10.1. Overview
7.10.2. 416 lbs) Market Forecast and Analysis
7.11. HEAVY EXCAVATOR(>198
7.11.1. Overview
7.11.2. Heavy Excavator(>198 Market Forecast and Analysis
7.12. 416 LBS)
7.12.1. Overview
7.12.2. 416 lbs) Market Forecast and Analysis

8. EXCAVATOR MARKET - REVENUE AND FORECASTS TO 2028 - OPERATING MECHANISM
8.1. OVERVIEW
8.2. OPERATING MECHANISM MARKET FORECASTS AND ANALYSIS
8.3. ELECTRIC
8.3.1. Overview
8.3.2. Electric Market Forecast and Analysis
8.4. HYDRAULIC
8.4.1. Overview
8.4.2. Hydraulic Market Forecast and Analysis
8.5. HYBRID
8.5.1. Overview
8.5.2. Hybrid Market Forecast and Analysis

9. EXCAVATOR MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. CONSTRUCTION
9.3.1. Overview
9.3.2. Construction Market Forecast and Analysis
9.4. MINING
9.4.1. Overview
9.4.2. Mining Market Forecast and Analysis
9.5. FORESTRY AND AGRICULTURE
9.5.1. Overview
9.5.2. Forestry and Agriculture Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis

10. EXCAVATOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Excavator Market Overview
10.1.2 North America Excavator Market Forecasts and Analysis
10.1.3 North America Excavator Market Forecasts and Analysis - By Type
10.1.4 North America Excavator Market Forecasts and Analysis - By Operating Mechanism
10.1.5 North America Excavator Market Forecasts and Analysis - By End-User
10.1.6 North America Excavator Market Forecasts and Analysis - By Countries
10.1.6.1 United States Excavator Market
10.1.6.1.1 United States Excavator Market by Type
10.1.6.1.2 United States Excavator Market by Operating Mechanism
10.1.6.1.3 United States Excavator Market by End-User
10.1.6.2 Canada Excavator Market
10.1.6.2.1 Canada Excavator Market by Type
10.1.6.2.2 Canada Excavator Market by Operating Mechanism
10.1.6.2.3 Canada Excavator Market by End-User
10.1.6.3 Mexico Excavator Market
10.1.6.3.1 Mexico Excavator Market by Type
10.1.6.3.2 Mexico Excavator Market by Operating Mechanism
10.1.6.3.3 Mexico Excavator Market by End-User
10.2. EUROPE
10.2.1 Europe Excavator Market Overview
10.2.2 Europe Excavator Market Forecasts and Analysis
10.2.3 Europe Excavator Market Forecasts and Analysis - By Type
10.2.4 Europe Excavator Market Forecasts and Analysis - By Operating Mechanism
10.2.5 Europe Excavator Market Forecasts and Analysis - By End-User
10.2.6 Europe Excavator Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Excavator Market
10.2.6.1.1 Germany Excavator Market by Type
10.2.6.1.2 Germany Excavator Market by Operating Mechanism
10.2.6.1.3 Germany Excavator Market by End-User
10.2.6.2 France Excavator Market
10.2.6.2.1 France Excavator Market by Type
10.2.6.2.2 France Excavator Market by Operating Mechanism
10.2.6.2.3 France Excavator Market by End-User
10.2.6.3 Italy Excavator Market
10.2.6.3.1 Italy Excavator Market by Type
10.2.6.3.2 Italy Excavator Market by Operating Mechanism
10.2.6.3.3 Italy Excavator Market by End-User
10.2.6.4 United Kingdom Excavator Market
10.2.6.4.1 United Kingdom Excavator Market by Type
10.2.6.4.2 United Kingdom Excavator Market by Operating Mechanism
10.2.6.4.3 United Kingdom Excavator Market by End-User
10.2.6.5 Russia Excavator Market
10.2.6.5.1 Russia Excavator Market by Type
10.2.6.5.2 Russia Excavator Market by Operating Mechanism
10.2.6.5.3 Russia Excavator Market by End-User
10.2.6.6 Rest of Europe Excavator Market
10.2.6.6.1 Rest of Europe Excavator Market by Type
10.2.6.6.2 Rest of Europe Excavator Market by Operating Mechanism
10.2.6.6.3 Rest of Europe Excavator Market by End-User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Excavator Market Overview
10.3.2 Asia-Pacific Excavator Market Forecasts and Analysis
10.3.3 Asia-Pacific Excavator Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Excavator Market Forecasts and Analysis - By Operating Mechanism
10.3.5 Asia-Pacific Excavator Market Forecasts and Analysis - By End-User
10.3.6 Asia-Pacific Excavator Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Excavator Market
10.3.6.1.1 Australia Excavator Market by Type
10.3.6.1.2 Australia Excavator Market by Operating Mechanism
10.3.6.1.3 Australia Excavator Market by End-User
10.3.6.2 China Excavator Market
10.3.6.2.1 China Excavator Market by Type
10.3.6.2.2 China Excavator Market by Operating Mechanism
10.3.6.2.3 China Excavator Market by End-User
10.3.6.3 India Excavator Market
10.3.6.3.1 India Excavator Market by Type
10.3.6.3.2 India Excavator Market by Operating Mechanism
10.3.6.3.3 India Excavator Market by End-User
10.3.6.4 Japan Excavator Market
10.3.6.4.1 Japan Excavator Market by Type
10.3.6.4.2 Japan Excavator Market by Operating Mechanism
10.3.6.4.3 Japan Excavator Market by End-User
10.3.6.5 South Korea Excavator Market
10.3.6.5.1 South Korea Excavator Market by Type
10.3.6.5.2 South Korea Excavator Market by Operating Mechanism
10.3.6.5.3 South Korea Excavator Market by End-User
10.3.6.6 Rest of Asia-Pacific Excavator Market
10.3.6.6.1 Rest of Asia-Pacific Excavator Market by Type
10.3.6.6.2 Rest of Asia-Pacific Excavator Market by Operating Mechanism
10.3.6.6.3 Rest of Asia-Pacific Excavator Market by End-User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Excavator Market Overview
10.4.2 Middle East and Africa Excavator Market Forecasts and Analysis
10.4.3 Middle East and Africa Excavator Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Excavator Market Forecasts and Analysis - By Operating Mechanism
10.4.5 Middle East and Africa Excavator Market Forecasts and Analysis - By End-User
10.4.6 Middle East and Africa Excavator Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Excavator Market
10.4.6.1.1 South Africa Excavator Market by Type
10.4.6.1.2 South Africa Excavator Market by Operating Mechanism
10.4.6.1.3 South Africa Excavator Market by End-User
10.4.6.2 Saudi Arabia Excavator Market
10.4.6.2.1 Saudi Arabia Excavator Market by Type
10.4.6.2.2 Saudi Arabia Excavator Market by Operating Mechanism
10.4.6.2.3 Saudi Arabia Excavator Market by End-User
10.4.6.3 U.A.E Excavator Market
10.4.6.3.1 U.A.E Excavator Market by Type
10.4.6.3.2 U.A.E Excavator Market by Operating Mechanism
10.4.6.3.3 U.A.E Excavator Market by End-User
10.4.6.4 Rest of Middle East and Africa Excavator Market
10.4.6.4.1 Rest of Middle East and Africa Excavator Market by Type
10.4.6.4.2 Rest of Middle East and Africa Excavator Market by Operating Mechanism
10.4.6.4.3 Rest of Middle East and Africa Excavator Market by End-User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Excavator Market Overview
10.5.2 South and Central America Excavator Market Forecasts and Analysis
10.5.3 South and Central America Excavator Market Forecasts and Analysis - By Type
10.5.4 South and Central America Excavator Market Forecasts and Analysis - By Operating Mechanism
10.5.5 South and Central America Excavator Market Forecasts and Analysis - By End-User
10.5.6 South and Central America Excavator Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Excavator Market
10.5.6.1.1 Brazil Excavator Market by Type
10.5.6.1.2 Brazil Excavator Market by Operating Mechanism
10.5.6.1.3 Brazil Excavator Market by End-User
10.5.6.2 Argentina Excavator Market
10.5.6.2.1 Argentina Excavator Market by Type
10.5.6.2.2 Argentina Excavator Market by Operating Mechanism
10.5.6.2.3 Argentina Excavator Market by End-User
10.5.6.3 Rest of South and Central America Excavator Market
10.5.6.3.1 Rest of South and Central America Excavator Market by Type
10.5.6.3.2 Rest of South and Central America Excavator Market by Operating Mechanism
10.5.6.3.3 Rest of South and Central America Excavator Market by End-User

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. EXCAVATOR MARKET, KEY COMPANY PROFILES
12.1. AB VOLVO
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. CATERPILLAR
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. DEERE AND COMPANY
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. DOOSAN CORPORATION
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. HITACHI CONSTRUCTION MACHINERY CO., LTD.
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. J C BAMFORD EXCAVATORS LTD
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. KOBELCO CONSTRUCTION MACHINERY CO., LTD.
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. KOMATSU LTD.
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. KUBOTA CORPORATION
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. SANY GROUP
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
The List of Companies

1.AB Volvo2.Caterpillar3.Deere and Company4.Doosan Corporation5.Hitachi Construction Machinery Co., Ltd.6.J C Bamford Excavators Ltd7.Kobelco Construction Machinery Co., Ltd.8.Komatsu Ltd.9.KUBOTA Corporation10.SANY Group

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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