Automotive Heat Shield Market By Product And Type - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Automotive & Transportations Report Code : AT06839
Industry Outlook and Trend Analysis
The Automotive Heat Shield Market was worth USD 9.73 billion in 2017 and is expected to reach approximately USD 19.03 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.74% during the forecast period. There are several parts inside an automotive that create heat while functioning. Protection of different parts from this heat is fundamental for the security and longer life expectancy of a vehicle. This can be accomplished by means of heat shields particularly made for automobiles, for example, header wrap and exhaust, turbo heat shields, and heat and heat shield sleeving. As the automotive sector touches new pinnacles, particularly in developing economies because of expanded discretionary income of urban populaces – the market for automotive heat shield is thriving.
Product Outlook and Trend Analysis
Based on product, exhaust heat shield insulation section had the most extreme request, which mirrored an income of US$2,965.9 million in 2022. Exhaust heat shield insulation expands the fumes temperature and exhaust flow, which enables work to control in vehicles. The primary function of exhaust heat shield insulation is to decrease under-hood temperatures and keep up more sizzling fumes gas inside the fumes framework for more drive. It is widely used as a part of mufflers, exhaust tubing, catalytic converters and for headers.
Type Outlook and Trend Analysis
In 2022, the rigid heat shield section constituted for over 34% of the aggregate request and is prepared to keep up its situation of direct strength all through the estimate time frame. Rigid heat shields give sufficient thermal protection and act as a shield against stone impingement and track junk. Produced using aluminium and strong steel, these heat shields can be effectively fitted with grommets and rivets.
Regional Outlook and Trend Analysis
On the basis of revenue, Asia Pacific ruled the worldwide automotive heat shield market, trailed by North America, Europe, and Rest of the World. The APAC automotive heat shield market is evaluated grow tremendously over the forecast period. Financial reforms combined with development in the automotive division are vigorously affecting the development of the worldwide automotive heat shield market. Financial changes have prompted an ascent in the discretionary income of people and development in car division has driven the production of vehicles. This has by implication driven the development of the automotive heat shield market over the globe.
Competitive Insights
The leading players in the market are Dana Incorporated, UGN Inc, HAPPICH GmbH, Federal-Mogul, Progress-Werk Oberkirch, Autoneum, ElringKlinger and Lydall Inc. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Automotive Heat Shield Market is segmented as follows-
By Product:
- Thermal and Heat Shield Sleeving
- Exhaust Heat Shield Insulation
- Spark Plug Boot Heat Shields
- Exhaust and Header Wrap
- Turbo Heat Shields
- Heat Shield and Thermal Barriers
- Others
By Type:
- Flexible Heat Shield
- Textile Heat Shield
- Rigid Heat Shield
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Automotive Heat Shield Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
· Exhaust and Header Wrap
· Thermal and Heat Shield Sleeving
· Turbo Heat Shields
· Exhaust Heat Shield Insulation
· Heat Shield and Thermal Barriers
· Spark Plug Boot Heat Shields
· Other Products
· Automotive Heat Shield Market, By Type, Estimates and Forecast, 2014-2023 ($Million)
· Rigid Heat Shield
· Flexible Heat Shield
· Textile Heat Shield
· Automotive Heat Shield Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Automotive Heat Shield Market, By Country
o U.S. Automotive Heat Shield Market
o Canada Automotive Heat Shield Market
o Mexico Automotive Heat Shield Market
· Europe
§ Europe Automotive Heat Shield Market, By Country
o Germany Automotive Heat Shield Market
o UK Automotive Heat Shield Market
o France Automotive Heat Shield Market
o Russia Automotive Heat Shield Market
o Italy Automotive Heat Shield Market
o Rest of Europe Automotive Heat Shield Market
· Asia-Pacific
§ Asia-Pacific Automotive Heat Shield Market, By Country
o China Automotive Heat Shield Market
o Japan Automotive Heat Shield Market
o South Korea Automotive Heat Shield Market
o India Automotive Heat Shield Market
o Southeast Asia Automotive Heat Shield Market
o Rest of Asia-Pacific Automotive Heat Shield Market
· South America
§ South America Automotive Heat Shield Market
o Brazil Automotive Heat Shield Market
o Argentina Automotive Heat Shield Market
o Columbia Automotive Heat Shield Market
o South Africa Automotive Heat Shield Market
o Rest of South America Automotive Heat Shield Market
· Middle East and Africa
§ Middle East and Africa Automotive Heat Shield Market
o Saudi Arabia Automotive Heat Shield Market
o UAE Automotive Heat Shield Market
o Egypt Automotive Heat Shield Market
o Nigeria Automotive Heat Shield Market
o South Africa Automotive Heat Shield Market
o Rest of MEA Automotive Heat Shield Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Advent of New Segment of Vehicles (electric and hybrid vehicles)
3.2.1.2. Increasing Production of Vehicles
3.2.2. Restraints
3.2.2.1. Increase in Price of Raw Material
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Automotive Heat Shield Market, By Product
5.1. Introduction
5.2. Global Automotive Heat Shield Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Automotive Heat Shield Sales and Sales Share by Product (2017-2027)
5.2.2. Global Automotive Heat Shield Revenue and Revenue Share by Product (2017-2027)
5.3. Exhaust and Header Wrap
5.3.1. Global Exhaust and Header Wrap Sales and Growth Rate (2017-2027)
5.4. Thermal and Heat Shield Sleeving
5.4.1. Global Thermal and Heat Shield Sleeving Sales and Growth Rate (2017-2027)
5.5. Turbo Heat Shields
5.5.1. Global Turbo Heat Shields Sales and Growth Rate (2017-2027)
5.6. Exhaust Heat Shield Insulation
5.6.1. Global Exhaust Heat Shield Insulation Sales and Growth Rate (2017-2027)
5.7. Heat Shield and Thermal Barriers
5.7.1. Global Heat Shield and Thermal Barriers Sales and Growth Rate (2017-2027)
5.8. Spark Plug Boot Heat Shields
5.8.1. Global Spark Plug Boot Heat Shields Sales and Growth Rate (2017-2027)
5.9. Other Products
5.9.1. Global Other Products Sales and Growth Rate (2017-2027)
6. Automotive Heat Shield Market, By Type
6.1. Introduction
6.2. Global Automotive Heat Shield Sales, Revenue and Market Share by Type (2017-2027)
6.2.1. Global Automotive Heat Shield Sales and Sales Share by Type (2017-2027)
6.2.2. Global Automotive Heat Shield Revenue and Revenue Share by Type (2017-2027)
6.3. Rigid Heat Shield
6.3.1. Global Rigid Heat Shield Sales and Growth Rate (2017-2027)
6.4. Flexible Heat Shield
6.4.1. Global Flexible Heat Shield Sales and Growth Rate (2017-2027)
6.5. Textile Heat Shield
6.5.1. Global Textile Heat Shield Sales and Growth Rate (2017-2027)
7. Automotive Heat Shield Market, By Region
7.1. Introduction
7.2. Global Automotive Heat Shield Sales, Revenue and Market Share by Regions
7.2.1. Global Automotive Heat Shield Sales by Regions (2017-2027)
7.2.2. Global Automotive Heat Shield Revenue by Regions (2017-2027)
7.3. North America Automotive Heat Shield by Countries
7.3.1. North America Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.3.2. North America Automotive Heat Shield Revenue and Growth Rate (2017-2027)
7.3.3. North America Automotive Heat Shield Sales by Countries (2017-2027)
7.3.4. North America Automotive Heat Shield Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.3.5.2. United States Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Automotive Heat Shield Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Automotive Heat Shield by Countries
7.4.1. Europe Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.4.2. Europe Automotive Heat Shield Revenue and Growth Rate (2017-2027)
7.4.3. Europe Automotive Heat Shield Sales by Countries (2017-2027)
7.4.4. Europe Automotive Heat Shield Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.4.6.2. UK Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.4.7.2. France Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Automotive Heat Shield Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Automotive Heat Shield Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Automotive Heat Shield Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.5.5.2. China Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.5.8.2. India Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.6.2. South America Automotive Heat Shield Revenue and Growth Rate (2017-2027)
7.6.3. South America Automotive Heat Shield Sales by Countries (2017-2027)
7.6.4. South America Automotive Heat Shield Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Automotive Heat Shield Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Automotive Heat Shield Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Automotive Heat Shield Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.10. Rest of Middle East and Africa
7.7.10.1. Rest of Middle East and Africa Automotive Heat Shield Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Automotive Heat Shield Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Federal Mogul Holdings Corporation
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. Autoneum Holding AG
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Dana Holding Corporation
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Lyndall Inc.
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. UGN Inc.
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. Happich GmbH
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. Elringklinger AG
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Progress-Werk Oberkirch AG
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
9. Global Automotive Heat Shield Market Competition, by Manufacturer
9.1. Global Automotive Heat Shield Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Automotive Heat Shield Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Automotive Heat Shield Price by Manufacturer (2017-2017)
9.4. Top 5 Automotive Heat Shield Manufacturer Market Share
9.5. Market Competition Trend
10. Automotive Heat Shield Market Forecast (2027-2023)
10.1. Global Automotive Heat Shield Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Automotive Heat Shield Market Forecast by Regions (2027-2023)
10.2.1. North America Automotive Heat Shield Market Forecast (2027-2023)
10.2.1.1. United States Automotive Heat Shield Market Forecast (2027-2023)
10.2.1.2. Canada Automotive Heat Shield Market Forecast (2027-2023)
10.2.1.3. Mexico Automotive Heat Shield Market Forecast (2027-2023)
10.2.2. Europe Automotive Heat Shield Market Forecast (2027-2023)
10.2.2.1. Germany Automotive Heat Shield Market Forecast (2027-2023)
10.2.2.2. United Kingdom Automotive Heat Shield Market Forecast (2027-2023)
10.2.2.3. France Automotive Heat Shield Market Forecast (2027-2023)
10.2.2.4. Russia Automotive Heat Shield Market Forecast (2027-2023)
10.2.2.5. Italy Automotive Heat Shield Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Automotive Heat Shield Market Forecast (2027-2023)
10.2.3. Asia-Pacific Automotive Heat Shield Market Forecast (2027-2023)
10.2.3.1. China Automotive Heat Shield Market Forecast (2027-2023)
10.2.3.2. Japan Automotive Heat Shield Market Forecast (2027-2023)
10.2.3.3. Korea Automotive Heat Shield Market Forecast (2027-2023)
10.2.3.4. India Automotive Heat Shield Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Automotive Heat Shield Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Automotive Heat Shield Market Forecast (2027-2023)
10.2.4. South America Automotive Heat Shield Market Forecast (2027-2023)
10.2.4.1. Brazil Automotive Heat Shield Market Forecast (2027-2023)
10.2.4.2. Argentina Automotive Heat Shield Market Forecast (2027-2023)
10.2.4.3. Columbia Automotive Heat Shield Market Forecast (2027-2023)
10.2.4.4. Rest of South America Automotive Heat Shield Market Forecast (2027-2023)
10.2.5. Middle East and Africa Automotive Heat Shield Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Automotive Heat Shield Market Forecast (2027-2023)
10.2.5.2. UAE Automotive Heat Shield Market Forecast (2027-2023)
10.2.5.3. Egypt Automotive Heat Shield Market Forecast (2027-2023)
10.2.5.4. Nigeria Automotive Heat Shield Market Forecast (2027-2023)
10.2.5.5. South Africa Automotive Heat Shield Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Automotive Heat Shield Market Forecast (2027-2023)
10.3. Automotive Heat Shield Market Forecast by Product (2027-2023)
10.3.1. Global Automotive Heat Shield Sales Forecast by Product (2027-2023)
10.3.2. Global Automotive Heat Shield Sales Market Share Forecast by Product (2027-2023)
10.4. Automotive Heat Shield Market Forecast by Type (2027-2023)
10.4.1. Global Automotive Heat Shield Sales Forecast by Type (2027-2023)
10.4.2. Global Automotive Heat Shield Sales Market Share Forecast by Type (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Automotive Heat Shield Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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