Mold refers to a hollow container, in which a soft substance or any liquid is poured to get it cooed or hardened into the shape of the container. Fiberglass is a fiber reinforced plastic made up of glass fiber. Fiberglass molding is a process by which fiberglass reinforced resin plastics are transformed into useful shapes. Under this process, the mold is prepared in the first place and the mold is used to make the fiberglass component. Fiberglass molds are mostly used in manufacturing wind composite wind blades. They also provide lightweight, dimensionally accurate and strong composite materials.
MARKET DYNAMICS
The rapid increase in the use of fiberglass molds to meet the demand for modern composites together with dimensional accuracy drives the growth of the fiberglass molds market. An upsurge in the application of lightweight materials to manufacture electric vehicles is another factor driving market growth. However, the availability of varied alternatives and fluctuation in the prices of raw materials hampers the fruitful development of the fiberglass mold market. Increase in the installation of wind energy and the adoption of 3d printing in the manufacture of fiberglass mold is anticipated to bolster the growth of the fiberglass mold market in the near future.
MARKET SCOPE
The "Global fiberglass mold Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the fiberglass mold market with detailed market segmentation by type, composite type, application and geography. The global fiberglass mold market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fiberglass mold market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global fiberglass mold market is segmented on the basis of type, composite type, application and geography. On the basis of type the market classify into epoxy resin, vinyl resin and polyester resin. As per composite type the market is divided into matrix and composite phase. The market in terms of application is bifurcated into wind energy, marine, aerospace & defence, automotive & transportation, construction and others.
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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 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 America. The fiberglass mold 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 fiberglass mold 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 America after evaluating political, economic, social and technological factors affecting the fiberglass mold market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the 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 America. The fiberglass mold 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 fiberglass mold 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 America after evaluating political, economic, social and technological factors affecting the fiberglass mold market in these regions.
MARKET PLAYERS
The reports cover key developments in the fiberglass mold 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 fiberglass mold market are anticipated to lucrative growth opportunities in the future with the rising demand for fiberglass mold market in the global market. Below mentioned is the list of few companies engaged in the fiberglass mold market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fiberglass mold 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.
- Dongguan Aokexing Composite Product Co. Ltd.
- Gurit Holding AG
- Hebei Shengwei Jiye Frp Group Co. Ltd.
- Janicki Industries
- Molded Fiber Glass Companies
- Schütz Werke
- Shandong Shaungyi Technology Co. Ltd.
- Shijiazhuang JHR Import & Export Co. Ltd.
- Taizhou City Huangyan Beiwei Mould Industry Co. Ltd.
- Zhengzhou Lya Machinery Co. Ltd.
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
1.3.1 Fiberglass Mold Market - By Type
1.3.2 Fiberglass Mold Market - By Composite Type
1.3.3 Fiberglass Mold Market - By Application
1.3.4 Fiberglass Mold Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FIBERGLASS MOLD 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. EXPERT OPINIONS
5. FIBERGLASS MOLD 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. FIBERGLASS MOLD MARKET - GLOBAL MARKET ANALYSIS
6.1. FIBERGLASS MOLD - GLOBAL MARKET OVERVIEW
6.2. FIBERGLASS MOLD - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FIBERGLASS MOLD MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. EPOXY RESIN
7.3.1. Overview
7.3.2. Epoxy Resin Market Forecast and Analysis
7.4. VINYL RESIN
7.4.1. Overview
7.4.2. Vinyl Resin Market Forecast and Analysis
7.5. POLYESTER RESIN
7.5.1. Overview
7.5.2. Polyester Resin Market Forecast and Analysis
8. FIBERGLASS MOLD MARKET - REVENUE AND FORECASTS TO 2028 - COMPOSITE TYPE
8.1. OVERVIEW
8.2. COMPOSITE TYPE MARKET FORECASTS AND ANALYSIS
8.3. MATRIX
8.3.1. Overview
8.3.2. Matrix Market Forecast and Analysis
8.4. CONTINUOUS PHASE
8.4.1. Overview
8.4.2. Continuous Phase Market Forecast and Analysis
9. FIBERGLASS MOLD MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. WIND ENERGY
9.3.1. Overview
9.3.2. Wind Energy Market Forecast and Analysis
9.4. MARINE
9.4.1. Overview
9.4.2. Marine Market Forecast and Analysis
9.5. AEROSPACE AND DEFENCE
9.5.1. Overview
9.5.2. Aerospace and Defence Market Forecast and Analysis
9.6. AUTOMOTIVE AND TRANSPORTATION
9.6.1. Overview
9.6.2. Automotive and Transportation Market Forecast and Analysis
9.7. CONSTRUCTION
9.7.1. Overview
9.7.2. Construction Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. FIBERGLASS MOLD MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Fiberglass Mold Market Overview
10.1.2 North America Fiberglass Mold Market Forecasts and Analysis
10.1.3 North America Fiberglass Mold Market Forecasts and Analysis - By Type
10.1.4 North America Fiberglass Mold Market Forecasts and Analysis - By Composite Type
10.1.5 North America Fiberglass Mold Market Forecasts and Analysis - By Application
10.1.6 North America Fiberglass Mold Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Fiberglass Mold Market
10.1.6.1.1 Canada Fiberglass Mold Market by Type
10.1.6.1.2 Canada Fiberglass Mold Market by Composite Type
10.1.6.1.3 Canada Fiberglass Mold Market by Application
10.1.6.2 Mexico Fiberglass Mold Market
10.1.6.2.1 Mexico Fiberglass Mold Market by Type
10.1.6.2.2 Mexico Fiberglass Mold Market by Composite Type
10.1.6.2.3 Mexico Fiberglass Mold Market by Application
10.1.6.3 US Fiberglass Mold Market
10.1.6.3.1 US Fiberglass Mold Market by Type
10.1.6.3.2 US Fiberglass Mold Market by Composite Type
10.1.6.3.3 US Fiberglass Mold Market by Application
10.2. EUROPE
10.2.1 Europe Fiberglass Mold Market Overview
10.2.2 Europe Fiberglass Mold Market Forecasts and Analysis
10.2.3 Europe Fiberglass Mold Market Forecasts and Analysis - By Type
10.2.4 Europe Fiberglass Mold Market Forecasts and Analysis - By Composite Type
10.2.5 Europe Fiberglass Mold Market Forecasts and Analysis - By Application
10.2.6 Europe Fiberglass Mold Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Fiberglass Mold Market
10.2.6.1.1 Germany Fiberglass Mold Market by Type
10.2.6.1.2 Germany Fiberglass Mold Market by Composite Type
10.2.6.1.3 Germany Fiberglass Mold Market by Application
10.2.6.2 France Fiberglass Mold Market
10.2.6.2.1 France Fiberglass Mold Market by Type
10.2.6.2.2 France Fiberglass Mold Market by Composite Type
10.2.6.2.3 France Fiberglass Mold Market by Application
10.2.6.3 Italy Fiberglass Mold Market
10.2.6.3.1 Italy Fiberglass Mold Market by Type
10.2.6.3.2 Italy Fiberglass Mold Market by Composite Type
10.2.6.3.3 Italy Fiberglass Mold Market by Application
10.2.6.4 United Kingdom Fiberglass Mold Market
10.2.6.4.1 United Kingdom Fiberglass Mold Market by Type
10.2.6.4.2 United Kingdom Fiberglass Mold Market by Composite Type
10.2.6.4.3 United Kingdom Fiberglass Mold Market by Application
10.2.6.5 Russia Fiberglass Mold Market
10.2.6.5.1 Russia Fiberglass Mold Market by Type
10.2.6.5.2 Russia Fiberglass Mold Market by Composite Type
10.2.6.5.3 Russia Fiberglass Mold Market by Application
10.2.6.6 Rest of Europe Fiberglass Mold Market
10.2.6.6.1 Rest of Europe Fiberglass Mold Market by Type
10.2.6.6.2 Rest of Europe Fiberglass Mold Market by Composite Type
10.2.6.6.3 Rest of Europe Fiberglass Mold Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Fiberglass Mold Market Overview
10.3.2 Asia-Pacific Fiberglass Mold Market Forecasts and Analysis
10.3.3 Asia-Pacific Fiberglass Mold Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Fiberglass Mold Market Forecasts and Analysis - By Composite Type
10.3.5 Asia-Pacific Fiberglass Mold Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Fiberglass Mold Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Fiberglass Mold Market
10.3.6.1.1 Australia Fiberglass Mold Market by Type
10.3.6.1.2 Australia Fiberglass Mold Market by Composite Type
10.3.6.1.3 Australia Fiberglass Mold Market by Application
10.3.6.2 China Fiberglass Mold Market
10.3.6.2.1 China Fiberglass Mold Market by Type
10.3.6.2.2 China Fiberglass Mold Market by Composite Type
10.3.6.2.3 China Fiberglass Mold Market by Application
10.3.6.3 India Fiberglass Mold Market
10.3.6.3.1 India Fiberglass Mold Market by Type
10.3.6.3.2 India Fiberglass Mold Market by Composite Type
10.3.6.3.3 India Fiberglass Mold Market by Application
10.3.6.4 Japan Fiberglass Mold Market
10.3.6.4.1 Japan Fiberglass Mold Market by Type
10.3.6.4.2 Japan Fiberglass Mold Market by Composite Type
10.3.6.4.3 Japan Fiberglass Mold Market by Application
10.3.6.5 South Korea Fiberglass Mold Market
10.3.6.5.1 South Korea Fiberglass Mold Market by Type
10.3.6.5.2 South Korea Fiberglass Mold Market by Composite Type
10.3.6.5.3 South Korea Fiberglass Mold Market by Application
10.3.6.6 Rest of Asia-Pacific Fiberglass Mold Market
10.3.6.6.1 Rest of Asia-Pacific Fiberglass Mold Market by Type
10.3.6.6.2 Rest of Asia-Pacific Fiberglass Mold Market by Composite Type
10.3.6.6.3 Rest of Asia-Pacific Fiberglass Mold Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Fiberglass Mold Market Overview
10.4.2 Middle East and Africa Fiberglass Mold Market Forecasts and Analysis
10.4.3 Middle East and Africa Fiberglass Mold Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Fiberglass Mold Market Forecasts and Analysis - By Composite Type
10.4.5 Middle East and Africa Fiberglass Mold Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Fiberglass Mold Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Fiberglass Mold Market
10.4.6.1.1 South Africa Fiberglass Mold Market by Type
10.4.6.1.2 South Africa Fiberglass Mold Market by Composite Type
10.4.6.1.3 South Africa Fiberglass Mold Market by Application
10.4.6.2 Saudi Arabia Fiberglass Mold Market
10.4.6.2.1 Saudi Arabia Fiberglass Mold Market by Type
10.4.6.2.2 Saudi Arabia Fiberglass Mold Market by Composite Type
10.4.6.2.3 Saudi Arabia Fiberglass Mold Market by Application
10.4.6.3 U.A.E Fiberglass Mold Market
10.4.6.3.1 U.A.E Fiberglass Mold Market by Type
10.4.6.3.2 U.A.E Fiberglass Mold Market by Composite Type
10.4.6.3.3 U.A.E Fiberglass Mold Market by Application
10.4.6.4 Rest of Middle East and Africa Fiberglass Mold Market
10.4.6.4.1 Rest of Middle East and Africa Fiberglass Mold Market by Type
10.4.6.4.2 Rest of Middle East and Africa Fiberglass Mold Market by Composite Type
10.4.6.4.3 Rest of Middle East and Africa Fiberglass Mold Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Fiberglass Mold Market Overview
10.5.2 South and Central America Fiberglass Mold Market Forecasts and Analysis
10.5.3 South and Central America Fiberglass Mold Market Forecasts and Analysis - By Type
10.5.4 South and Central America Fiberglass Mold Market Forecasts and Analysis - By Composite Type
10.5.5 South and Central America Fiberglass Mold Market Forecasts and Analysis - By Application
10.5.6 South and Central America Fiberglass Mold Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Fiberglass Mold Market
10.5.6.1.1 Brazil Fiberglass Mold Market by Type
10.5.6.1.2 Brazil Fiberglass Mold Market by Composite Type
10.5.6.1.3 Brazil Fiberglass Mold Market by Application
10.5.6.2 Argentina Fiberglass Mold Market
10.5.6.2.1 Argentina Fiberglass Mold Market by Type
10.5.6.2.2 Argentina Fiberglass Mold Market by Composite Type
10.5.6.2.3 Argentina Fiberglass Mold Market by Application
10.5.6.3 Rest of South and Central America Fiberglass Mold Market
10.5.6.3.1 Rest of South and Central America Fiberglass Mold Market by Type
10.5.6.3.2 Rest of South and Central America Fiberglass Mold Market by Composite Type
10.5.6.3.3 Rest of South and Central America Fiberglass Mold Market by Application
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. FIBERGLASS MOLD MARKET, KEY COMPANY PROFILES
12.1. DONGGUAN AOKEXING COMPOSITE PRODUCT CO. 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. GURIT HOLDING AG
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. HEBEI SHENGWEI JIYE FRP GROUP 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. JANICKI INDUSTRIES
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. MOLDED FIBER GLASS COMPANIES
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. SCHüTZ WERKE
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. SHANDONG SHAUNGYI TECHNOLOGY 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. SHIJIAZHUANG JHR IMPORT AND EXPORT CO. 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. TAIZHOU CITY HUANGYAN BEIWEI MOULD INDUSTRY CO. LTD.
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. ZHENGZHOU LYA MACHINERY CO. 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.Dongguan Aokexing Composite Product Co. Ltd.2.Gurit Holding AG3.Hebei Shengwei Jiye Frp Group Co. Ltd.4.Janicki Industries5.Molded Fiber Glass Companies6.Schütz Werke7.Shandong Shaungyi Technology Co. Ltd.8.Shijiazhuang JHR Import and Export Co. Ltd.9.Taizhou City Huangyan Beiwei Mould Industry Co. Ltd.10.Zhengzhou Lya Machinery Co. 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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