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

Coverage: Sea Freight Forwarding Market covers analysis By Services (Packaging and Labeling, Documentation and PO Management, Charter Services, Transportation and Warehousing, Others); Verticals (Retail and FMCG, Manufacturing, Consumer Appliances, Healthcare, Textile, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00012035
  • Category : Automotive and Transportation
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

Freight forwarding is the management and shipment of goods from one place to another. A variety of shipping modes can be utilized by a carrier to transfer these goods, such as airplanes, trucks, railroads, ships, and others. When the process involves the use of ships to transfer these shipments, it is known as sea freight forwarding.

MARKET SCOPE

The "Global Sea Freight Forwarding Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sea freight forwarding market with detailed market segmentation by services, verticals, and geography. The report provides key statistics on the market status of the leading sea freight forwarding market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION

  •   Based on services, the global Sea freight forwarding market market is segmented into packaging and labeling, documentation and PO management, charter services, transportation and warehousing, others.
  •   On the basis of verticals, the market is segmented into retail and fmcg, manufacturing, consumer appliances, healthcare, textile, others.

MARKET DYNAMICS
Drivers:

  •   The growing global cross-border e-commerce market propelling the LCL volume is one of the major factors driving the demand for sea freight forwarding in the forthcoming years.
  •   Increase in developments in infrastructure and services designed mainly for the e-commerce industry, the sea freight forwarding has appeared as a favored mode among the several end-user industries, this thereby is likely to promote the growth of sea freight forwarding during the forecast period.

Restraints

  •   Increase in reshoring and nearshoring manufacturing hinders the market growth

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 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. The sea freight forwarding 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 marketduring 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 sea freight forwarding market in these regions.

IMPACT OF COVID-19 ON SEA FREIGHT FORWARDING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

World Geography

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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 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. The sea freight forwarding 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 marketduring 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 sea freight forwarding market in these regions.

IMPACT OF COVID-19 ON SEA FREIGHT FORWARDING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the sea freight forwarding market 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Sea freight forwarding market market are anticipated to lucrative growth opportunities in the future with the rising demand for sea freight forwarding market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sea freight forwarding 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.

  •   CEVA Logistics
  •   DAMCO
  •   DB Schenker
  •   DHL International GmbH
  •   GEODIS
  •   Hellmann Worldwide Logistics SE & Co. KG
  •   Hitachi Transport System, Ltd
  •   Kuehne+Nagel
  •   PANTOS Co., Ltd
  •   YUSEN LOGISTICS 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
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 Sea Freight Forwarding Market - By Services
1.3.2 Sea Freight Forwarding Market - By Verticals
1.3.3 Sea Freight Forwarding Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. SEA FREIGHT FORWARDING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. SEA FREIGHT FORWARDING 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. SEA FREIGHT FORWARDING MARKET - GLOBAL MARKET ANALYSIS
6.1. SEA FREIGHT FORWARDING - GLOBAL MARKET OVERVIEW
6.2. SEA FREIGHT FORWARDING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. SEA FREIGHT FORWARDING MARKET - REVENUE AND FORECASTS TO 2028 - SERVICES
7.1. OVERVIEW
7.2. SERVICES MARKET FORECASTS AND ANALYSIS
7.3. PACKAGING AND LABELING
7.3.1. Overview
7.3.2. Packaging and Labeling Market Forecast and Analysis
7.4. DOCUMENTATION AND PO MANAGEMENT
7.4.1. Overview
7.4.2. Documentation and PO Management Market Forecast and Analysis
7.5. CHARTER SERVICES
7.5.1. Overview
7.5.2. Charter Services Market Forecast and Analysis
7.6. TRANSPORTATION AND WAREHOUSING
7.6.1. Overview
7.6.2. Transportation and Warehousing Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SEA FREIGHT FORWARDING MARKET - REVENUE AND FORECASTS TO 2028 - VERTICALS
8.1. OVERVIEW
8.2. VERTICALS MARKET FORECASTS AND ANALYSIS
8.3. RETAIL AND FMCG
8.3.1. Overview
8.3.2. Retail and FMCG Market Forecast and Analysis
8.4. MANUFACTURING
8.4.1. Overview
8.4.2. Manufacturing Market Forecast and Analysis
8.5. CONSUMER APPLIANCES
8.5.1. Overview
8.5.2. Consumer Appliances Market Forecast and Analysis
8.6. HEALTHCARE
8.6.1. Overview
8.6.2. Healthcare Market Forecast and Analysis
8.7. TEXTILE
8.7.1. Overview
8.7.2. Textile Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis

9. SEA FREIGHT FORWARDING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Sea Freight Forwarding Market Overview
9.1.2 North America Sea Freight Forwarding Market Forecasts and Analysis
9.1.3 North America Sea Freight Forwarding Market Forecasts and Analysis - By Services
9.1.4 North America Sea Freight Forwarding Market Forecasts and Analysis - By Verticals
9.1.5 North America Sea Freight Forwarding Market Forecasts and Analysis - By Countries
9.1.5.1 United States Sea Freight Forwarding Market
9.1.5.1.1 United States Sea Freight Forwarding Market by Services
9.1.5.1.2 United States Sea Freight Forwarding Market by Verticals
9.1.5.2 Canada Sea Freight Forwarding Market
9.1.5.2.1 Canada Sea Freight Forwarding Market by Services
9.1.5.2.2 Canada Sea Freight Forwarding Market by Verticals
9.1.5.3 Mexico Sea Freight Forwarding Market
9.1.5.3.1 Mexico Sea Freight Forwarding Market by Services
9.1.5.3.2 Mexico Sea Freight Forwarding Market by Verticals
9.2. EUROPE
9.2.1 Europe Sea Freight Forwarding Market Overview
9.2.2 Europe Sea Freight Forwarding Market Forecasts and Analysis
9.2.3 Europe Sea Freight Forwarding Market Forecasts and Analysis - By Services
9.2.4 Europe Sea Freight Forwarding Market Forecasts and Analysis - By Verticals
9.2.5 Europe Sea Freight Forwarding Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Sea Freight Forwarding Market
9.2.5.1.1 Germany Sea Freight Forwarding Market by Services
9.2.5.1.2 Germany Sea Freight Forwarding Market by Verticals
9.2.5.2 France Sea Freight Forwarding Market
9.2.5.2.1 France Sea Freight Forwarding Market by Services
9.2.5.2.2 France Sea Freight Forwarding Market by Verticals
9.2.5.3 Italy Sea Freight Forwarding Market
9.2.5.3.1 Italy Sea Freight Forwarding Market by Services
9.2.5.3.2 Italy Sea Freight Forwarding Market by Verticals
9.2.5.4 United Kingdom Sea Freight Forwarding Market
9.2.5.4.1 United Kingdom Sea Freight Forwarding Market by Services
9.2.5.4.2 United Kingdom Sea Freight Forwarding Market by Verticals
9.2.5.5 Russia Sea Freight Forwarding Market
9.2.5.5.1 Russia Sea Freight Forwarding Market by Services
9.2.5.5.2 Russia Sea Freight Forwarding Market by Verticals
9.2.5.6 Rest of Europe Sea Freight Forwarding Market
9.2.5.6.1 Rest of Europe Sea Freight Forwarding Market by Services
9.2.5.6.2 Rest of Europe Sea Freight Forwarding Market by Verticals
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Sea Freight Forwarding Market Overview
9.3.2 Asia-Pacific Sea Freight Forwarding Market Forecasts and Analysis
9.3.3 Asia-Pacific Sea Freight Forwarding Market Forecasts and Analysis - By Services
9.3.4 Asia-Pacific Sea Freight Forwarding Market Forecasts and Analysis - By Verticals
9.3.5 Asia-Pacific Sea Freight Forwarding Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Sea Freight Forwarding Market
9.3.5.1.1 Australia Sea Freight Forwarding Market by Services
9.3.5.1.2 Australia Sea Freight Forwarding Market by Verticals
9.3.5.2 China Sea Freight Forwarding Market
9.3.5.2.1 China Sea Freight Forwarding Market by Services
9.3.5.2.2 China Sea Freight Forwarding Market by Verticals
9.3.5.3 India Sea Freight Forwarding Market
9.3.5.3.1 India Sea Freight Forwarding Market by Services
9.3.5.3.2 India Sea Freight Forwarding Market by Verticals
9.3.5.4 Japan Sea Freight Forwarding Market
9.3.5.4.1 Japan Sea Freight Forwarding Market by Services
9.3.5.4.2 Japan Sea Freight Forwarding Market by Verticals
9.3.5.5 South Korea Sea Freight Forwarding Market
9.3.5.5.1 South Korea Sea Freight Forwarding Market by Services
9.3.5.5.2 South Korea Sea Freight Forwarding Market by Verticals
9.3.5.6 Rest of Asia-Pacific Sea Freight Forwarding Market
9.3.5.6.1 Rest of Asia-Pacific Sea Freight Forwarding Market by Services
9.3.5.6.2 Rest of Asia-Pacific Sea Freight Forwarding Market by Verticals
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Sea Freight Forwarding Market Overview
9.4.2 Middle East and Africa Sea Freight Forwarding Market Forecasts and Analysis
9.4.3 Middle East and Africa Sea Freight Forwarding Market Forecasts and Analysis - By Services
9.4.4 Middle East and Africa Sea Freight Forwarding Market Forecasts and Analysis - By Verticals
9.4.5 Middle East and Africa Sea Freight Forwarding Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Sea Freight Forwarding Market
9.4.5.1.1 South Africa Sea Freight Forwarding Market by Services
9.4.5.1.2 South Africa Sea Freight Forwarding Market by Verticals
9.4.5.2 Saudi Arabia Sea Freight Forwarding Market
9.4.5.2.1 Saudi Arabia Sea Freight Forwarding Market by Services
9.4.5.2.2 Saudi Arabia Sea Freight Forwarding Market by Verticals
9.4.5.3 U.A.E Sea Freight Forwarding Market
9.4.5.3.1 U.A.E Sea Freight Forwarding Market by Services
9.4.5.3.2 U.A.E Sea Freight Forwarding Market by Verticals
9.4.5.4 Rest of Middle East and Africa Sea Freight Forwarding Market
9.4.5.4.1 Rest of Middle East and Africa Sea Freight Forwarding Market by Services
9.4.5.4.2 Rest of Middle East and Africa Sea Freight Forwarding Market by Verticals
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Sea Freight Forwarding Market Overview
9.5.2 South and Central America Sea Freight Forwarding Market Forecasts and Analysis
9.5.3 South and Central America Sea Freight Forwarding Market Forecasts and Analysis - By Services
9.5.4 South and Central America Sea Freight Forwarding Market Forecasts and Analysis - By Verticals
9.5.5 South and Central America Sea Freight Forwarding Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Sea Freight Forwarding Market
9.5.5.1.1 Brazil Sea Freight Forwarding Market by Services
9.5.5.1.2 Brazil Sea Freight Forwarding Market by Verticals
9.5.5.2 Argentina Sea Freight Forwarding Market
9.5.5.2.1 Argentina Sea Freight Forwarding Market by Services
9.5.5.2.2 Argentina Sea Freight Forwarding Market by Verticals
9.5.5.3 Rest of South and Central America Sea Freight Forwarding Market
9.5.5.3.1 Rest of South and Central America Sea Freight Forwarding Market by Services
9.5.5.3.2 Rest of South and Central America Sea Freight Forwarding Market by Verticals

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. SEA FREIGHT FORWARDING MARKET, KEY COMPANY PROFILES
11.1. CEVA LOGISTICS
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. CMA CGM GROUP
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. DB SCHENKER
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. DHL INTERNATIONAL GMBH
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. GEODIS
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. HELLMANN WORLDWIDE LOGISTICS SE AND CO. KG
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. HITACHI TRANSPORT SYSTEM, 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. KUEHNE+NAGEL
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. A.P.MOLLER
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. YUSEN LOGISTICS CO., LTD.
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
The List of Companies

1. CEVA Logistics
2. CMA CGM Group
3. DB Schenker
4. DHL International GmbH
5. GEODIS
6. Hellmann Worldwide Logistics SE and Co. KG
7. Hitachi Transport System, Ltd
8. Kuehne+Nagel
9. A.P.Moller
10. YUSEN LOGISTICS CO., LTD.

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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