Published On : December 2017 Pages : 101 Category: Medical Devices Report Code : HC12434
Industry Outlook and Trend Analysis
The Exoskeleton Market was worth USD 98.67 million in the year of 2017 and is expected to reach approximately USD 2859 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 45.36% during the forecast period. The high development is foreseen by virtue of expanding interest for these systems in military, industrial and healthcare applications. A portion of the developing applications incorporate the usage of exoskeletons in heavy assembling parts, for example, transport building and framework projects. The fast development of elderly populace combined with critical increment of the focused on disease conditions is a key factor boosting the rates of usage. As indicated by gauges distributed by United Nations in 2017, worldwide aged populace was almost 809.4 million and is foreseen to come to an expected populace of more than 2.0 billion. Vast populace over 60 years combined with expanding predominance of paralysis and strokes are foreseen to impel the usage rates.
Type Outlook and Trend Analysis
The market is sectioned on the premise of sort of technology: mobile and stationary. The versatile and stationary exoskeletons are additionally sectioned as passive and active systems. In 2017 mobile exoskeletons held a greater part of the market with a share of the overall industry of more than 63 percent. In mobile, active systems accounted for the most extreme offer of 69 percent. Nonetheless, stationary exoskeletons market is anticipated to develop at a lucrative rate, attributable to the expanding predominance of SCIs, which is driving the usage of stationary systems in the rehabilitation facilities. In the stationary class, the portable systems held a prevailing offer of 59.4 percent.
Technology Outlook and Trend Analysis
On the basis of technology drive system, the market is fragmented as electric servo, pneumatic actuator, shape memory alloy actuator, electric actuator, hydraulic, fuel cell, and fully mechanical. Electric actuator held a huge part of the market in 2017, with an offer of more than 32 percent. The existence of substantial number of popularized products with electric actuators is one of the key elements for the high share of the overall industry. Nonetheless, power device market is anticipated to develop with the most elevated CAGR. Key variables adding to its quick development incorporate expanding awareness about the advantages of power devices over electric actuators. In addition, the executions of a few undertakings in North America, which are gone for giving continuous supply of power devices, are anticipated to decidedly fortify the portions development over the figure time frame.
End User Outlook and Trend Analysis
Social insurance represented the larger part income offer of 54.1 percent in 2017, inferable from the popularity from assisted living, rehabilitation, and elderly care benefits over Canada, United States, Germany, Japan and France. However, mechanical section is anticipated to develop as the quickest developing section over the figure time frame. The development in average age of work force combined with developing business related SCIs is anticipated to decidedly fortify the exoskeleton market development over the gauge time frame.
Regional Outlook and Trend Analysis
In 2017, North America represented the most extreme income share of 49.8 percent and is trailed by Europe. The United States is the most critical market and records for larger part offer of the North American market. In the United States offices, for example, National Aeronautics and Space Administration (NASA), the Defense Advanced Research Projects Agency (DARPA), and the National Institute of Health have altogether contributed on the basis of research financing, technology improvement, and commercialization of the devices. Asia Pacific is anticipated to develop as the quickest developing district over the estimate time frame. Japan is one of the main countries with solid mechanical advancement and higher usage of medicinal and service robots for different applications.
Competitive Insights
The leading companies in the market are Cyberdene, ReWalk, Ekso Bionics and Lockheed Martin. These organizations, owing to high R&D investment and intellectual property rights, have accomplished the advantage of being the first movers in this market. Some of the other leading players are Panasonic ActiveLink, Hocoma, Parker Hannifin Corporation and Rex Bionics.
The Exoskeleton Market is segmented as follows-
By Type:
By Technology:
By End User:
By Region
Some of the key questions answered by the report are:
Market Classification
Exoskeleton Market By Type, Estimates and Forecast, 2014-2023 ($Million)
Exoskeleton Market By Technology, Estimates and Forecast, 2014-2023 ($Million)
Exoskeleton Market By End User, Estimates and Forecast, 2014-2023 ($Million)
Exoskeleton Market By Region, Estimates and Forecast, 2014-2023 ($Million)
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. Rising prevalence of spinal cord injuries and strokes resulting in disabilities
3.2.1.2. Increasing aged population
3.2.2. Restraints
3.2.3. High costs of the exoskeleton devices restraints the adoption of home use
3.3. Opportunities
4. Exoskeleton Market, By Type
4.1. Introduction
4.2. Exoskeleton Market Assessment and Forecast, By Type, 2017-2023
4.3. Stationary
4.3.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.4. Mobile
4.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5. Exoskeleton Market, By Technology
5.1. Introduction
5.2. Exoskeleton Market Assessment and Forecast, By Technology, 2017-2023
5.3. Electric Servo
5.3.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.4. Fully Mechanical
5.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.5. Pneumatic Actuator
5.5.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.6. Electric Actuator
5.6.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.7. Fuel Cell
5.7.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.8. Hydraulic Actuator
5.8.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.9. Shape Memory Alloy Actuator
5.9.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6. Exoskeleton Market, By End User
6.1. Introduction
6.2. Exoskeleton Market Assessment and Forecast, By Technology, 2017-2023
6.3. Healthcare
6.3.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6.4. Industrial
6.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6.5. Military
6.5.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
7. Exoskeleton Market, By Region
7.1. Introduction
7.2. Exoskeleton Market Assessment and Forecast, By Region, 2017-2023 ($Million)
7.3. North America
7.3.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
7.3.2. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.3.3. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.3.4. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.3.5. U.S.
7.3.5.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.3.5.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.3.5.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.3.6. Canada
7.3.6.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.3.6.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.3.6.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.3.7. Mexico
7.3.7.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.3.7.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.3.7.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.4. Europe
7.4.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
7.4.2. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.4.3. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.4.4. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.4.5. Germany
7.4.5.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.4.5.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.4.5.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.4.6. France
7.4.6.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.4.6.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.4.6.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.4.7. UK
7.4.7.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.4.7.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.4.7.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.4.8. Italy
7.4.8.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.4.8.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.4.8.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.4.9. Spain
7.4.9.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.4.9.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.4.9.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.4.10. Rest of Europe
7.4.10.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.4.10.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.4.10.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.5. Asia-Pacific
7.5.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
7.5.2. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.5.3. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.5.4. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.5.5. Japan
7.5.5.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.5.5.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.5.5.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.5.6. China
7.5.6.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.5.6.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.5.6.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.5.7. Australia
7.5.7.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.5.7.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.5.7.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.5.8. India
7.5.8.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.5.8.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.5.8.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.5.9. South Korea
7.5.9.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.5.9.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.5.9.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.5.10.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.5.10.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.6. Rest of the World
7.6.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
7.6.2. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.6.3. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.6.4. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.6.5. Brazil
7.6.5.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.6.5.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.6.5.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.6.6. Turkey
7.6.6.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.6.6.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.6.6.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.6.7. Saudi Arabia
7.6.7.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.6.7.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.6.7.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.6.8. South Africa
7.6.8.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.6.8.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.6.8.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.6.9. United Arab Emirates
7.6.9.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.6.9.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.6.9.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.6.10. Others
7.6.10.1. Market Assessment and Forecast, By Type, 2017-2023 ($Million)
7.6.10.2. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.6.10.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
8. Company Profiles
8.1. Lockheed Martin
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.2. ReWalk
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.3. Cyberdene
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.4. Ekso Bionics
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
List of Tables
Table 1.Exoskeleton Market, By Type ($Million), 2017-2023
Table 2.Stationary Market, By Region ($Million), 2017-2023
Table 3.Mobile By Region ($Million), 2017-2023
Table 5.ups and Lids Market, By Technology ($Million), 2017-2023
Table 6.Pneumatic Actuator Market, By Region ($Million), 2017-2023
Table 7.Electric Servo Market, By Region ($Million), 2017-2023
Table 8.Fully Mechanical Market, By Region ($Million), 2017-2023
Table 9. Hydraulic Actuator Market, By Region ($Million), 2017-2023
Table 10.Shape Memory Alloy Actuator Market, By Region ($Million), 2017-2023
Table 11.Electric Actuator Market, By Region ($Million), 2017-2023
Table 12. Fuel Cell Market, By Region ($Million), 2017-2023
Table 13.Other Technology Market, By Region ($Million), 2017-2023
Table 14.Exoskeleton Market, By End User ($Million), 2017-2023
Table 15. Healthcare Market, By Region ($Million), 2017-2023
Table 16. Industrial Market, By Region ($Million), 2017-2023
Table 17. Military Market, By Region ($Million), 2017-2023
Table 18.Other End User Market, By Region ($Million), 2017-2023
Table 19.Exoskeleton Market, By Region ($Million), 2017-2023
Table 20.North America Exoskeleton Market, By Country, 2017-2023 ($Million)
Table 21.North America Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 22.North America Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 23.North America Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 24.U.S. Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 25.U.S. Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 26.U.S. Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 27.Canada Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 28.Canada Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 29.Canada Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 30.Mexico Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 31.Mexico Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 32.Mexico Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 33.Europe Exoskeleton Market, By Country, 2017-2023 ($Million)
Table 34.Europe Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 35.Europe Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 36.Europe Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 37.Germany Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 38.Germany Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 39.Germany Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 40.France Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 41.France Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 42.France Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 43.UK Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 44.UK Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 45.UK Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 46.Italy Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 47.Italy Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 48.Italy Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 49.Spain Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 50.Spain Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 51.Spain Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 52.Rest of Europe Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 53.Rest of Europe Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 54.Rest of Europe Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 55.Asia-Pacific Exoskeleton Market, By Country, 2017-2023 ($Million)
Table 56.Asia-Pacific Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 57.Asia-Pacific Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 58.Asia-Pacific Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 59.Japan Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 60.Japan Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 61.Japan Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 62.China Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 63.China Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 64.China Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 65.Australia Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 66.Australia Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 67.Australia Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 68.India Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 69.India Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 70.India Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 71.South Korea Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 72.South Korea Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 73.South Korea Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 74.Rest of Asia-Pacific Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 75.Rest of Asia-Pacific Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 76.Rest of Asia-Pacific Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 77.Rest of the World Exoskeleton Market, By Country, 2017-2023 ($Million)
Table 78.Rest of the World Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 79.Rest of the World Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 80.Rest of the World Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 81.Brazil Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 82.Brazil Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 83.Brazil Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 84.Turkey Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 85.Turkey Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 86.Turkey Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 87.Saudi Arabia Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 88.Saudi Arabia Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 89.Saudi Arabia Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 90.South Africa Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 91.South Africa Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 92.South Africa Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 93.United Arab Emirates Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 94.United Arab Emirates Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 95.United Arab Emirates Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 96.Others Exoskeleton Market, By Type, 2017-2023 ($Million)
Table 97.Others Exoskeleton Market, By Technology, 2017-2023 ($Million)
Table 98.Others Exoskeleton Market, By End User, 2017-2023 ($Million)
Table 99.ReWalk: Key Strategic Developments, 2017-2017
Table 100.Cyberdene: Key Strategic Developments, 2017-2017
Table 101.Lockheed Martin Key Strategic Developments, 2017-2017
Table 102.Ekso Bionics: Key Strategic Developments, 2017-2017
List of Figures
Figure 1.Exoskeleton Market Share, By Type, 2017 & 2023 ($Million)
Figure 2.Exoskeleton Market, By Technology, 2017 & 2023 ($Million)
Figure 3.Exoskeleton Market, By End User, 2017 & 2023 ($Million)
Figure 5.Exoskeleton Market, By Region, 2017, ($Million)
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
Data Collection Matrix |
Supply Side |
Demand Side |
Primary Data Sources |
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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.
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
Qualitative Data |
Quantitative Data (2017-2025) |
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