The Liquefied petroleum gas (LPG) is a clean burning, sustainable, and efficient fuel. As it is green, low-carbon, efficient, and innovative energy source, it offers benefits for consumers, industry, and the environment. The rise in demand for LPG from various industrial operations. In addition, implementation of stringent government regulations toward environmental pollution is a key factor fueling the market growth. The stringent government regulations toward environmental pollution and increasing usage of LPG as cooking fuel are the key factors driving the market growth over the projected period.
MARKET SCOPE
The "Global LPG Cylinder Market Analysis to 2028" is a specialized and in-depth study of LPG gas, its consumption, and demand factor with a special focus on the global market trend analysis. The report aims to provide an overview of the LPG cylinder market with detailed market segmentation by type, application and geography. The report provides key statistics on the market status of the leading LPG cylinder market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type the market is segmented into metal and composite
- On the basis of application the market is residential, industrial, commercial, and others
MARKET DYNAMICS
Drivers:
- -
o Stringent government regulations toward environmental pollution
o The increasing usage of LPG as cooking fuel
- -
o Development of the renewable energy sector and inconsistent domestic supply of LPG restraints the market growth
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). The LPG cylinder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the LPG cylinder market in these regions.
IMPACT OF COVID-19 ON LPG CYLINDER MARKET
The emergence of the COVID-19 has severely impacted the LPG cylinder market, which resulted decline in the market growth in the year 2020. The pandemic severely impacted the LPG cylinder market owing to decline in LPG demand. The outbreak of the COVID-19 pandemic had imposed temporary ban on import & export and manufacturing & processing activities across various industries, which decreased the demand for LPG from these consumers. Thus, such downfall in demand in market growth in the second, third, and fourth quarters of 2020 had significantly hamepered the market growth over the projected period. However, the LPG cylinder market is expected to recover by the first quarter of 2021 as COVID-19 vaccination has started in various economies across the globe, which is expected to improve the global economy.
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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 global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). The LPG cylinder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the LPG cylinder market in these regions.
IMPACT OF COVID-19 ON LPG CYLINDER MARKET
The emergence of the COVID-19 has severely impacted the LPG cylinder market, which resulted decline in the market growth in the year 2020. The pandemic severely impacted the LPG cylinder market owing to decline in LPG demand. The outbreak of the COVID-19 pandemic had imposed temporary ban on import & export and manufacturing & processing activities across various industries, which decreased the demand for LPG from these consumers. Thus, such downfall in demand in market growth in the second, third, and fourth quarters of 2020 had significantly hamepered the market growth over the projected period. However, the LPG cylinder market is expected to recover by the first quarter of 2021 as COVID-19 vaccination has started in various economies across the globe, which is expected to improve the global economy.
MARKET PLAYERS
The report covers key developments in the LPG cylinder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources 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 players in the LPG cylinder market are anticipated to provide lucrative growth opportunities in the future owing to growing demand from consumer end.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the LPG cylinder 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.
- Aburi Group
- Chemet S.A.
- Hebei Baigong High pressure Vessel Co. Ltd.
- Hexagon Composites ASA
- Luxfer Holdings PLC
- Mauria Udyog Ltd.
- Shandong Huanri Group Co., Ltd.
- Metal Mate Company Limited
- Sahamitr Pressure Container Plc.
- Supreme Industries limited
- 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 Liquefied Petroleum Gas (LPG) Cylinder Market - By Type
1.3.2 Liquefied Petroleum Gas (LPG) Cylinder Market - By Application
1.3.3 Liquefied Petroleum Gas (LPG) Cylinder Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LIQUEFIED PETROLEUM GAS (LPG) CYLINDER 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. LIQUEFIED PETROLEUM GAS (LPG) CYLINDER 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. LIQUEFIED PETROLEUM GAS (LPG) CYLINDER MARKET - GLOBAL MARKET ANALYSIS
6.1. LIQUEFIED PETROLEUM GAS (LPG) CYLINDER - GLOBAL MARKET OVERVIEW
6.2. LIQUEFIED PETROLEUM GAS (LPG) CYLINDER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. LIQUEFIED PETROLEUM GAS (LPG) CYLINDER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. METAL
7.3.1. Overview
7.3.2. Metal Market Forecast and Analysis
7.4. COMPOSITE
7.4.1. Overview
7.4.2. Composite Market Forecast and Analysis
8. LIQUEFIED PETROLEUM GAS (LPG) CYLINDER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. INDUSTRIAL
8.4.1. Overview
8.4.2. Industrial Market Forecast and Analysis
8.5. COMMERCIAL
8.5.1. Overview
8.5.2. Commercial Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. LIQUEFIED PETROLEUM GAS (LPG) CYLINDER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Liquefied Petroleum Gas (LPG) Cylinder Market Overview
9.1.2 North America Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis
9.1.3 North America Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis - By Type
9.1.4 North America Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis - By Application
9.1.5 North America Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis - By Countries
9.1.5.1 United States Liquefied Petroleum Gas (LPG) Cylinder Market
9.1.5.1.1 United States Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.1.5.1.2 United States Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.1.5.2 Canada Liquefied Petroleum Gas (LPG) Cylinder Market
9.1.5.2.1 Canada Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.1.5.2.2 Canada Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.1.5.3 Mexico Liquefied Petroleum Gas (LPG) Cylinder Market
9.1.5.3.1 Mexico Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.1.5.3.2 Mexico Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.2. EUROPE
9.2.1 Europe Liquefied Petroleum Gas (LPG) Cylinder Market Overview
9.2.2 Europe Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis
9.2.3 Europe Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis - By Type
9.2.4 Europe Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis - By Application
9.2.5 Europe Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Liquefied Petroleum Gas (LPG) Cylinder Market
9.2.5.1.1 Germany Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.2.5.1.2 Germany Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.2.5.2 France Liquefied Petroleum Gas (LPG) Cylinder Market
9.2.5.2.1 France Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.2.5.2.2 France Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.2.5.3 Italy Liquefied Petroleum Gas (LPG) Cylinder Market
9.2.5.3.1 Italy Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.2.5.3.2 Italy Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.2.5.4 United Kingdom Liquefied Petroleum Gas (LPG) Cylinder Market
9.2.5.4.1 United Kingdom Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.2.5.4.2 United Kingdom Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.2.5.5 Russia Liquefied Petroleum Gas (LPG) Cylinder Market
9.2.5.5.1 Russia Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.2.5.5.2 Russia Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.2.5.6 Rest of Europe Liquefied Petroleum Gas (LPG) Cylinder Market
9.2.5.6.1 Rest of Europe Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.2.5.6.2 Rest of Europe Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Liquefied Petroleum Gas (LPG) Cylinder Market Overview
9.3.2 Asia-Pacific Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis
9.3.3 Asia-Pacific Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Liquefied Petroleum Gas (LPG) Cylinder Market
9.3.5.1.1 Australia Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.3.5.1.2 Australia Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.3.5.2 China Liquefied Petroleum Gas (LPG) Cylinder Market
9.3.5.2.1 China Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.3.5.2.2 China Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.3.5.3 India Liquefied Petroleum Gas (LPG) Cylinder Market
9.3.5.3.1 India Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.3.5.3.2 India Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.3.5.4 Japan Liquefied Petroleum Gas (LPG) Cylinder Market
9.3.5.4.1 Japan Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.3.5.4.2 Japan Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.3.5.5 South Korea Liquefied Petroleum Gas (LPG) Cylinder Market
9.3.5.5.1 South Korea Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.3.5.5.2 South Korea Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.3.5.6 Rest of Asia-Pacific Liquefied Petroleum Gas (LPG) Cylinder Market
9.3.5.6.1 Rest of Asia-Pacific Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.3.5.6.2 Rest of Asia-Pacific Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Liquefied Petroleum Gas (LPG) Cylinder Market Overview
9.4.2 Middle East and Africa Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis
9.4.3 Middle East and Africa Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Liquefied Petroleum Gas (LPG) Cylinder Market
9.4.5.1.1 South Africa Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.4.5.1.2 South Africa Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.4.5.2 Saudi Arabia Liquefied Petroleum Gas (LPG) Cylinder Market
9.4.5.2.1 Saudi Arabia Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.4.5.2.2 Saudi Arabia Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.4.5.3 U.A.E Liquefied Petroleum Gas (LPG) Cylinder Market
9.4.5.3.1 U.A.E Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.4.5.3.2 U.A.E Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.4.5.4 Rest of Middle East and Africa Liquefied Petroleum Gas (LPG) Cylinder Market
9.4.5.4.1 Rest of Middle East and Africa Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.4.5.4.2 Rest of Middle East and Africa Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Liquefied Petroleum Gas (LPG) Cylinder Market Overview
9.5.2 South and Central America Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis
9.5.3 South and Central America Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis - By Type
9.5.4 South and Central America Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis - By Application
9.5.5 South and Central America Liquefied Petroleum Gas (LPG) Cylinder Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Liquefied Petroleum Gas (LPG) Cylinder Market
9.5.5.1.1 Brazil Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.5.5.1.2 Brazil Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.5.5.2 Argentina Liquefied Petroleum Gas (LPG) Cylinder Market
9.5.5.2.1 Argentina Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.5.5.2.2 Argentina Liquefied Petroleum Gas (LPG) Cylinder Market by Application
9.5.5.3 Rest of South and Central America Liquefied Petroleum Gas (LPG) Cylinder Market
9.5.5.3.1 Rest of South and Central America Liquefied Petroleum Gas (LPG) Cylinder Market by Type
9.5.5.3.2 Rest of South and Central America Liquefied Petroleum Gas (LPG) Cylinder Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LIQUEFIED PETROLEUM GAS (LPG) CYLINDER MARKET, KEY COMPANY PROFILES
11.1. ABURI GROUP
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CHEMET S.A.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HEBEI BAIGONG HIGH PRESSURE VESSEL CO. LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HEXAGON COMPOSITES ASA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LUXFER HOLDINGS PLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MAURIA UDYOG LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHANDONG HUANRI GROUP CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. METAL MATE COMPANY LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SAHAMITR PRESSURE CONTAINER PLC,
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SUPREME INDUSTRIES LIMITED
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Aburi Group
2.Chemet S.A.
3.Hebei Baigong High Pressure Vessel Co. Ltd.
4.Hexagon Composites ASA
5.Luxfer Holdings PLC
6.Mauria Udyog Ltd.
7.Shandong Huanri Group Co., Ltd.
8.Metal Mate Company Limited
9.Sahamitr Pressure Container Plc,
10.Supreme Industries limited
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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