Electric Scooter Market By Product, Battery And Voltage - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 197 Category: Automotive & Transportations Report Code : AT06861
Industry Outlook and Trend Analysis
The Electric Scooters Market has observed substantial growth in the recent years and is foreseen to grow significantly over the forecast period. Electronic transportation is turning into an eco-accommodating option with expanding strain to constrain the carbon impressions. The expansion in the fuel costs and the upkeep of fuel-controlled vehicles are relied upon to have positive effect on the business growth. The extending non-money related and budgetary motivators are demonstrating successful reception of electric bikes. The need to modernize the transportation foundation and supportable urban versatility are giving footing to progress from traditional to electric transportation. Electric scooters are relied upon to have positive ramifications for air quality, unsafe discharges and vitality security that will encourage the expansion in sustainable energy share in the power division.
Product Outlook and Trend Analysis
On the basis of product the market is segmented into Retro, Standing/Self-balancing and Folding. Standing/Self-balancing and folding segment is expected to show highest share over the forecast period. The recreational and tourism utilization of Segway is turning into a cult prompting its expanded appropriation. Additionally, the cost of float sheets is diminishing, in this way decreasing the general customer cost. The interest for e-bikes has prompted a central move in the current vehicle scene in the zones of plan, improvement, dispersion and power framework. The part of legislatures of different economies, for example, India, China and Japan in setting up guidelines and controls for vehicle charging stations are relied upon to positively affect the local development.
Battery Outlook and Trend Analysis
On the basis of battery the market is segmented into sealed lead acid, NiMH and Li-Ion. The sealed lead acid segment will represent the highest share in the upcoming years owing to the low cost in compare to other alternatives. However, the selection of these batteries is relied upon to decay over the coming years especially in China, as the nation is rapidly progressing towards all the more earth conductive and high performing batteries, for example, Li-Particle and NiMH.
Voltage Outlook and Trend Analysis
On the basis of voltage the market is segmented into 24V, 36V, 48V and others. 48V segment is expected to show highest growth over the forecast period. The high voltage levels of batteries offer savvy open doors for hybridization of vehicles. The interest for high voltage batteries is lifting to lessen the carbon dioxide discharges by methods for start-stop and recovery highlights.
Regional Outlook and Trend Analysis
North America is the most astounding and the speediest developing area and is anticipated to grow tremendously over the following years. The objective of achieving 1.5 million zero emanation vehicles by the legislative leader of California by 2027 is adding to the territorial request.
Competitive Insights
The major players in the market are Gogoro Inc., Terra Motors Corporation, Mahindra GenZe, Vmoto Limited, Jiangsu Xinri Electric Vehicle Co. Ltd and BMW Motorrad International and others. The business is competitive because of the existence of both nearby and worldwide players. The wide accessibility of these products and online stages, for example, web based business, represent a huge rivalry to real market sellers.
The Electric Scooters Market is segmented as follows-
By Product:
- Retro
- Standing/Self-balancing
- Folding
By Battery:
- Sealed lead acid
- NiMH
- Li-Ion
By Voltage:
- 24V
- 36V
- 48V
- Others
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
· Electric Scooter Market, By Product, Estimates and Forecast, 2014-2023($Billion)
o Folding
o Retro
o Standing/Self-balancing
· Electric Scooter Market, By Battery, Estimates and Forecast, 2014-2023($Billion)
o Li-Ion
o Sealed lead acid
o NiMH
· Electric Scooter Market, By Voltage, Estimates and Forecast, 2014-2023($Billion)
o 24V
o 36V
o 48V
o Others
· Electric Scooter Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Electric Scooter Market, By Country
o U.S. Electric Scooter Market
o Canada Electric Scooter Market
o Mexico Electric Scooter Market
o Europe
§ Europe Electric Scooter Market, By Country
o Germany Electric Scooter Market
o UK Electric Scooter Market
o France Electric Scooter Market
o Russia Electric Scooter Market
o Italy Electric Scooter Market
o Rest of Europe Electric Scooter Market
o Asia-Pacific
§ Asia-Pacific Electric Scooter Market, By Country
o China Electric Scooter Market
o Japan Electric Scooter Market
o South Korea Electric Scooter Market
o India Electric Scooter Market
o Southeast Asia Electric Scooter Market
o Rest of Asia-Pacific Electric Scooter Market
o South America
§ South America Electric Scooter Market
o Brazil Electric Scooter Market
o Argentina Electric Scooter Market
o Columbia Electric Scooter Market
o South Africa Electric Scooter Market
o Rest of South America Electric Scooter Market
o Middle East and Africa
§ Middle East and Africa Electric Scooter Market
o Saudi Arabia Electric Scooter Market
o UAE Electric Scooter Market
o Egypt Electric Scooter Market
o Nigeria Electric Scooter Market
o South Africa Electric Scooter Market
o Rest of MEA Electric Scooter 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
3.2.2. Restraints
3.2.3. 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. Electric Scooter Market, By Product
5.1. Introduction
5.2. Global Electric Scooter Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Electric Scooter Sales and Sales Share by Product (2017-2027)
5.2.2. Global Electric Scooter Revenue and Revenue Share by Product (2017-2027)
5.3. Folding
5.3.1. Global Folding Sales and Growth Rate (2017-2027)
5.4. Retro
5.4.1. Global Retro Sales and Growth Rate (2017-2027)
5.5. Standing/Self-balancing
5.5.1. Global Standing/Self-balancing Sales and Growth Rate (2017-2027)
6. Electric Scooter Market, By Battery
6.1. Introduction
6.2. Global Electric Scooter Sales, Revenue and Market Share by Battery (2017-2027)
6.2.1. Global Electric Scooter Sales and Sales Share by Battery (2017-2027)
6.2.2. Global Electric Scooter Revenue and Revenue Share by Battery (2017-2027)
6.3. Li-Ion
6.3.1. Global Li-Ion Sales and Growth Rate (2017-2027)
6.4. Sealed lead acid
6.4.1. Global Sealed lead acid Sales and Growth Rate (2017-2027)
6.5. NiMH
6.5.1. Global NiMH Sales and Growth Rate (2017-2027)
7. Electric Scooter Market, By Voltage
7.1. Introduction
7.2. Global Electric Scooter Sales, Revenue and Market Share by Voltage (2017-2027)
7.2.1. Global Electric Scooter Sales and Sales Share by Voltage (2017-2027)
7.2.2. Global Electric Scooter Revenue and Revenue Share by Voltage (2017-2027)
7.3. 24V
7.3.1. Global 24V Sales and Growth Rate (2017-2027)
7.4. 36V
7.4.1. Global 36V Sales and Growth Rate (2017-2027)
7.5. 48V
7.5.1. Global 48V Sales and Growth Rate (2017-2027)
7.6. Others
7.6.1. Global Others Sales and Growth Rate (2017-2027)
8. Electric Scooter Market, By Region
8.1. Introduction
8.2. Global Electric Scooter Sales, Revenue and Market Share by Regions
8.2.1. Global Electric Scooter Sales by Regions (2017-2027)
8.2.2. Global Electric Scooter Revenue by Regions (2017-2027)
8.3. North America Electric Scooter by Countries
8.3.1. North America Electric Scooter Sales and Growth Rate (2017-2027)
8.3.2. North America Electric Scooter Revenue and Growth Rate (2017-2027)
8.3.3. North America Electric Scooter Sales by Countries (2017-2027)
8.3.4. North America Electric Scooter Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States Electric Scooter Sales and Growth Rate (2017-2027)
8.3.5.2. United States Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada Electric Scooter Sales and Growth Rate (2017-2027)
8.3.6.2. Canada Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico Electric Scooter Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Electric Scooter by Countries
8.4.1. Europe Electric Scooter Sales and Growth Rate (2017-2027)
8.4.2. Europe Electric Scooter Revenue and Growth Rate (2017-2027)
8.4.3. Europe Electric Scooter Sales by Countries (2017-2027)
8.4.4. Europe Electric Scooter Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany Electric Scooter Sales and Growth Rate (2017-2027)
8.4.5.2. Germany Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK Electric Scooter Sales and Growth Rate (2017-2027)
8.4.6.2. UK Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France Electric Scooter Sales and Growth Rate (2017-2027)
8.4.7.2. France Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia Electric Scooter Sales and Growth Rate (2017-2027)
8.4.8.2. Russia Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy Electric Scooter Sales and Growth Rate (2017-2027)
8.4.9.2. Italy Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe Electric Scooter Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Electric Scooter Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Electric Scooter Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific Electric Scooter Sales by Countries (2017-2027)
8.5.4. Asia-Pacific Electric Scooter Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China Electric Scooter Sales and Growth Rate (2017-2027)
8.5.5.2. China Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan Electric Scooter Sales and Growth Rate (2017-2027)
8.5.6.2. Japan Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6.3.
8.5.7. Korea
8.5.7.1. Korea Electric Scooter Sales and Growth Rate (2017-2027)
8.5.7.2. Korea Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India Electric Scooter Sales and Growth Rate (2017-2027)
8.5.8.2. India Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia Electric Scooter Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific Electric Scooter Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Electric Scooter Sales and Growth Rate (2017-2027)
8.6.2. South America Electric Scooter Revenue and Growth Rate (2017-2027)
8.6.3. South America Electric Scooter Sales by Countries (2017-2027)
8.6.4. South America Electric Scooter Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil Electric Scooter Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina Electric Scooter Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia Electric Scooter Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America Electric Scooter Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Electric Scooter Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Electric Scooter Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa Electric Scooter Sales by Countries (2017-2027)
8.7.4. Middle East and Africa Electric Scooter Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia Electric Scooter Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates Electric Scooter Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt Electric Scooter Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria Electric Scooter Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa Electric Scooter Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.10. Rest of Middle East and Africa
8.7.10.1. Rest of Middle East and Africa Electric Scooter Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa Electric Scooter Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. BOXX Corporation
9.1.1. Business Overview
9.1.2. Product Portfolio
9.1.3. Strategic Developments
9.1.4. Sales, Revenue and Market Share
9.2. AllCell Technologies, LLC
9.2.1. Business Overview
9.2.2. Product Portfolio
9.2.3. Strategic Developments
9.2.4. Sales, Revenue and Market Share
9.3. BMW Motorrad International
9.3.1. Business Overview
9.3.2. Product Portfolio
9.3.3. Strategic Developments
9.3.4. Sales, Revenue and Market Share
9.4. Gogoro, Inc.
9.4.1. Business Overview
9.4.2. Product Portfolio
9.4.3. Strategic Developments
9.4.4. Sales, Revenue and Market Share
9.5. Brammo, Inc.
9.5.1. Business Overview
9.5.2. Product Portfolio
9.5.3. Strategic Developments
9.5.4. Sales, Revenue and Market Share
9.6. Green Energy Motors Corp.
9.6.1. Business Overview
9.6.2. Product Portfolio
9.6.3. Strategic Developments
9.6.4. Sales, Revenue and Market Share
9.7. Honda Motor Co. Ltd.
9.7.1. Business Overview
9.7.2. Product Portfolio
9.7.3. Strategic Developments
9.7.4. Sales, Revenue and Market Share
9.8. Greenwit Technologies Inc.
9.8.1. Business Overview
9.8.2. Product Portfolio
9.8.3. Strategic Developments
9.8.4. Sales, Revenue and Market Share
9.9. Yamaha Motor Company Limited
9.9.1. Business Overview
9.9.2. Product Portfolio
9.9.3. Strategic Developments
9.9.4. Sales, Revenue and Market Share
9.10. Vmoto Limited
9.10.1. Business Overview
9.10.2. Product Portfolio
9.10.3. Strategic Developments
9.10.4. Sales, Revenue and Market Share
9.11. Suzuki Motor Corporation
9.11.1. Business Overview
9.11.2. Product Portfolio
9.11.3. Strategic Developments
9.11.4. Sales, Revenue and Market Share
9.12. Jiangsu Xinri E-Vehicle Co. Ltd.
9.12.1. Business Overview
9.12.2. Product Portfolio
9.12.3. Strategic Developments
9.12.4. Sales, Revenue and Market Share
9.13. KTM AG
9.13.1. Business Overview
9.13.2. Product Portfolio
9.13.3. Strategic Developments
9.13.4. Sales, Revenue and Market Share
10. Global Electric Scooter Market Competition, by Manufacturer
10.1. Global Electric Scooter Sales and Market Share by Manufacturer (2017-2017)
10.2. Global Electric Scooter Revenue and Market Share by Manufacturer (2017-2017)
10.3. Global Electric Scooter Price by Region (2017-2017)
10.4. Top 5 Electric Scooter Manufacturer Market Share
10.5. Market Competition Trend
11. Electric Scooter Market Forecast (2027-2023)
11.1. Global Electric Scooter Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Electric Scooter Market Forecast by Regions (2027-2023)
11.2.1. North America Electric Scooter Market Forecast (2027-2023)
11.2.1.1. United States Electric Scooter Market Forecast (2027-2023)
11.2.1.2. Canada Electric Scooter Market Forecast (2027-2023)
11.2.1.3. Mexico Electric Scooter Market Forecast (2027-2023)
11.2.2. Europe Electric Scooter Market Forecast (2027-2023)
11.2.2.1. Germany Electric Scooter Market Forecast (2027-2023)
11.2.2.2. United Kingdom Electric Scooters Market Forecast (2027-2023)
11.2.2.3. France Electric Scooter Market Forecast (2027-2023)
11.2.2.4. Russia Electric Scooter Market Forecast (2027-2023)
11.2.2.5. Italy Electric Scooter Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Electric Scooter Market Forecast (2027-2023)
11.2.3. Asia-Pacific Electric Scooter Market Forecast (2027-2023)
11.2.3.1. China Electric Scooter Market Forecast (2027-2023)
11.2.3.2. Japan Electric Scooter Market Forecast (2027-2023)
11.2.3.3. Korea Electric Scooter Market Forecast (2027-2023)
11.2.3.4. India Electric Scooter Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Electric Scooter Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Electric Scooter Market Forecast (2027-2023)
11.2.4. South America Electric Scooter Market Forecast (2027-2023)
11.2.4.1. Brazil Electric Scooter Market Forecast (2027-2023)
11.2.4.2. Argentina Electric Scooter Market Forecast (2027-2023)
11.2.4.3. Columbia Electric Scooter Market Forecast (2027-2023)
11.2.4.4. Rest of South America Electric Scooter Market Forecast (2027-2023)
11.2.5. Middle East and Africa Electric Scooter Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Electric Scooter Market Forecast (2027-2023)
11.2.5.2. UAE Electric Scooter Market Forecast (2027-2023)
11.2.5.3. Egypt Electric Scooter Market Forecast (2027-2023)
11.2.5.4. Nigeria Electric Scooter Market Forecast (2027-2023)
11.2.5.5. South Africa Electric Scooter Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Electric Scooter Market Forecast (2027-2023)
11.3. Electric Scooter Market Forecast by Product (2027-2023)
11.3.1. Global Electric Scooter Sales Forecast by Product (2027-2023)
11.3.2. Global Electric Scooter Sales Market Share Forecast by Product (2027-2023)
11.4. Electric Scooter Market Forecast by Battery (2027-2023)
11.4.1. Global Electric Scooter Sales Forecast by Battery (2027-2023)
11.4.2. Global Electric Scooter Sales Market Share Forecast by Battery (2027-2023)
11.5. Electric Scooter Market Forecast by Voltage (2027-2023)
11.5.1. Global Electric Scooter Sales Forecast by Voltage (2027-2023)
11.5.2. Global Electric Scooter Sales Market Share Forecast by Voltage (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Electric Scooter 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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