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Marine Lubricants Market by Product, Application and Marine Channel- Global Industry Analysis and Forecast to 2023
Published On : February 2018 Pages : 115 Category: Bulk Chemicals Report Code : CM03630
SEGMENTS & REGIONS:
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Industry Outlook and Trend Analysis
The Marine Lubricants Market was worth USD billion in 2017 and is expected to reach approximately USD billion by 2023, while registering itself at a compound annual growth rate (CAGR) of % during the forecast period. Positive outlook towards development in shipbuilding industry is foreseen to drive marine lubricants market. Solid application potential attributable to high movies quality which brings about consumption protection and enhanced hardware dependability is probably going to boost the demand of the product in shipbuilding industry. Growth in seaborne exchange over the world is expected to goad business in future. All around, more than % of exchange is done through seaways as it is the most practical medium when contrasted with aviation routes and roadways. Dry bulk shipment comprises of bulk commodities which incorporates iron ore, crude oil products and grains. Expanding tourism exercises combined with recreational sports and cruising exercises will likewise bolster marine ointments market development.
Product Outlook and Trend Analysis
Marine lubricants market from mineral oil is anticipated to be the leading section by the end of the forecast period. Solid application scope in engines, turbines and stern tubes attributable to simple accessibility and being cost effective compared to others is foreseen to boost mineral oil demand. These products are performance improving and reflect smooth movements in ship parts. Synthetic oil based marine ointments market size will witness development significantly in the following years. They offer advantages like better resistance at high temperatures.
Application Outlook and Trend Analysis
Marine lubricants market size from motor oil applications is anticipated to grow tremendously in the following years. These products are very effective for engines with four strokes and two strokes of large ships, for example, cruise and cargo. Expanding shipping tourism alongside rising extra cash basically in India, and China should support engine oil demand.
Marine Channel Outlook and Trend Analysis
Transport boats may encounter tremendous development attributable to development popular for customer products and bulk commodities. Development in foreign trade activities favouring from different bilateral treaties along ports and infrastructure advancement and better route offices may go about as a major contributing variable for the development of the market. Tankers are critical fragment for transportation ships and may observe significant additions. These are trader vessels which are required to transport chemicals, gasses and fluids in mass. Expanding petrochemical derived products demand in huge amounts attributable to fast industrialization and development in vitality needs ought to fortify marine greases interest for tanker ships.
Regional Outlook and Trend Analysis
Europe marine lubricants market, driven by Netherland, Germany and UK, is foreseen to witness significant growth in the upcoming years. Developing seaborne exchange because of bilateral agreements in countries alongside rising ventures and should drive local industry development. Increment in the production of natural gas & crude oil alongside rising seaward investigation may go about as another contributing component towards product demand. China marine lubricants market estimate is fuelled by shipbuilding industry as the administration has furnished four state-possessed administrators with scrap and build subsidy.
Competitive Insights
The leading players in the market are Castrol India, Total S.A, Lubricon, Quepet Lubricants LLC, Gulf Oil India Ltd, Sinopec, ExxonMobil, Lukoil, Royal Dutch Shell and Synforce Lubricants. 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 Marine Lubricants Market is segmented as follows-
By Product:
- Bio based marine lubricants
- Mineral Oil
- Synthetic Oil
By Application:
- Grease Oil
- Engine Oil
- Hydraulic Oil
- Others
By Marine Channel:
- Industrial
- Recreational
- Transport
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- United Arab Emirates
- Others
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
· Marine Lubricants Market, By Product , Estimates and Forecast, 2014-2023($Billion)
o Bio based marine lubricants
o Mineral Oil
o Synthetic Oil
· Marine Lubricants Market, By Application , Estimates and Forecast, 2014-2023($Billion)
o Grease Oil
o Engine Oil
o Hydraulic Oil
o Others
· Marine Lubricants Market, By Marine Channel , Estimates and Forecast, 2014-2023($Billion)
o Industrial
o Recreational
o Transport
· Marine Lubricants Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Marine Lubricants Market, By Country
§ North America Marine Lubricants Market, By Product
§ North America Marine Lubricants Market, By Application
§ North America Marine Lubricants Market, By Marine Channel
o U.S. Marine Lubricants Market, By Product
o U.S. Marine Lubricants Market, By Application
o U.S. Marine Lubricants Market, By Marine Channel
o Canada Marine Lubricants Market, By Product
o Canada Marine Lubricants Market, By Application
o Canada Marine Lubricants Market, By Marine Channel
o Mexico Marine Lubricants Market, By Product
o Mexico Marine Lubricants Market, By Application
o Mexico Marine Lubricants Market, By Marine Channel
o Europe
§ Europe Marine Lubricants Market, By Country
§ Europe Marine Lubricants Market, By Product
§ Europe Marine Lubricants Market, By Application
§ Europe Marine Lubricants Market, By Marine Channel
o Germany Marine Lubricants Market, By Product
o Germany Marine Lubricants Market, By Application
o Germany Marine Lubricants Market, By Marine Channel
o France Marine Lubricants Market, By Product
o France Marine Lubricants Market, By Application
o France Marine Lubricants Market, By Marine Channel
o UK Marine Lubricants Market, By Product
o UK Marine Lubricants Market, By Application
o UK Marine Lubricants Market, By Marine Channel
o Italy Marine Lubricants Market, By Product
o Italy Marine Lubricants Market, By Application
o Italy Marine Lubricants Market, By Marine Channel
o Spain Marine Lubricants Market, By Product
o Spain Marine Lubricants Market, By Application
o Spain Marine Lubricants Market, By Marine Channel
o Rest of Europe Marine Lubricants Market, By Product
o Rest of Europe Marine Lubricants Market, By Application
o Rest of Europe Marine Lubricants Market, By Marine Channel
o Asia-Pacific
§ Asia-Pacific Marine Lubricants Market, By Country
§ Asia-Pacific Marine Lubricants Market, By Product
§ Asia-Pacific Marine Lubricants Market, By Application
§ Asia-Pacific Marine Lubricants Market, By Marine Channel
o Japan Marine Lubricants Market, By Product
o Japan Marine Lubricants Market, By Application
o Japan Marine Lubricants Market, By Marine Channel
o Australia Marine Lubricants Market, By Product
o Australia Marine Lubricants Market, By Application
o Australia Marine Lubricants Market, By Marine Channel
o India Marine Lubricants Market, By Product
o India Marine Lubricants Market, By Application
o India Marine Lubricants Market, By Marine Channel
o South Korea Marine Lubricants Market, By Product
o South Korea Marine Lubricants Market, By Application
o South Korea Marine Lubricants Market, By Marine Channel
o Rest of Asia-Pacific Marine Lubricants Market, By Product
o Rest of Asia-Pacific Marine Lubricants Market, By Application
o Rest of Asia-Pacific Marine Lubricants Market, By Marine Channel
o Rest of the World
§ Rest of the World Marine Lubricants Market, By Country
§ Rest of the World Marine Lubricants Market, By Product
§ Rest of the World Marine Lubricants Market, By Application
§ Rest of the World Marine Lubricants Market, By Marine Channel
o Brazil Marine Lubricants Market, By Product
o Brazil Marine Lubricants Market, By Application
o Brazil Marine Lubricants Market, By Marine Channel
o South Africa Marine Lubricants Market, By Product
o South Africa Marine Lubricants Market, By Application
o South Africa Marine Lubricants Market, By Marine Channel
o Saudi Arabia Marine Lubricants Market, By Product
o Saudi Arabia Marine Lubricants Market, By Application
o Saudi Arabia Marine Lubricants Market, By Marine Channel
o Turkey Marine Lubricants Market, By Product
o Turkey Marine Lubricants Market, By Application
o Turkey Marine Lubricants Market, By Marine Channel
o United Arab Emirates Marine Lubricants Market, By Product
o United Arab Emirates Marine Lubricants Market, By Application
o United Arab Emirates Marine Lubricants Market, By Marine Channel
o Others Marine Lubricants Market, By Product
o Others Marine Lubricants Market, By Application
o Others Marine Lubricants Market, By Marine Channel
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. Positive outlook towards development in shipbuilding industry
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Countries to Offer Lucrative Growth Opportunities
4. Marine Lubricants Market, By Product
4.1. Introduction
4.2. Global Marine Lubricants Sales, Revenue and Market Share By Product (2017-2017)
4.2.1. Global Marine Lubricants Sales and Sales Share By Product (2017-2017)
4.2.2. Global Marine Lubricants Revenue and Revenue Share By Product (2017-2017)
4.3. Marine Lubricants Market Assessment and Forecast, By Product , 2017-2023
4.4. Bio based marine lubricants
4.4.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
4.5. Mineral Oil
4.5.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
4.6. Synthetic Oil
4.6.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
5. Marine Lubricants Market, By Application
5.1. Introduction
5.2. Global Marine Lubricants Sales, Revenue and Market Share By Application (2017-2017)
5.2.1. Global Marine Lubricants Sales and Sales Share By Application (2017-2017)
5.2.2. Global Marine Lubricants Revenue and Revenue Share By Application (2017-2017)
5.3. Marine Lubricants Market Assessment and Forecast, By Application , 2017-2023
5.4. Grease Oil
5.4.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
5.5. Engine Oil
5.5.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
5.6. Hydraulic Oil
5.6.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
5.7. Others
5.7.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
6. Marine Lubricants Market, By Marine Channel
6.1. Introduction
6.2. Global Marine Lubricants Sales, Revenue and Market Share By Marine Channel (2017-2017)
6.2.1. Global Marine Lubricants Sales and Sales Share By Marine Channel (2017-2017)
6.2.2. Global Marine Lubricants Revenue and Revenue Share By Marine Channel (2017-2017)
6.3. Marine Lubricants Market Assessment and Forecast, By Marine Channel , 2017-2023($Billion)
6.4. Industrial
6.4.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
6.5. Recreational
6.5.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
6.6. Transport
6.6.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
7. Marine Lubricants Market, By Region
7.1. Introduction
7.2. Marine Lubricants Market Assessment and Forecast, By Region, 2017-2023($Billion)
7.3. Global Marine Lubricants Sales, Revenue and Market Share by Regions
7.3.1. Global Marine Lubricants Sales by Regions (2017-2017)
7.3.2. Global Marine Lubricants Revenue by Regions (2017-2017)
7.4. North America
7.4.1. North America Marine Lubricants Sales and Growth Rate (2017-2017)
7.4.2. Market Assessment and Forecast, By Country, 2017-2023($Billion)
7.4.3. Market Assessment and Forecast, By Application , 2017-2023($Billion)
7.4.4. Market Assessment and Forecast, By Product , 2017-2023($Billion)
7.4.5. Market Assessment and Forecast, By Marine Channel , 2017-2023($Billion)
7.4.6. U.S.
7.4.6.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
7.4.6.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
7.4.6.3. Market Assessment and Forecast, By Marine Channel , 2017-2023($Billion)
7.4.7. Canada
7.4.7.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
7.4.7.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
7.4.7.3. Market Assessment and Forecast, By Marine Channel , 2017-2023($Billion)
7.4.8. Mexico
7.4.8.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
7.4.8.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
7.4.8.3. Market Assessment and Forecast, By Marine Channel , 2017-2023($Billion)
7.5. Europe
7.5.1. Europe Marine Lubricants Sales and Growth Rate (2017-2017)
7.5.2. Market Assessment and Forecast, By Country, 2017-2023($Billion)
7.5.3. Market Assessment and Forecast, By Application , 2017-2023($Billion)
7.5.4. Market Assessment and Forecast, By Marine Channel , 2017-2023($Billion)
7.5.5. Market Assessment and Forecast, By Marine Channel , 2017-2023($Billion)
7.5.6. Germany
7.5.6.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
7.5.6.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
7.5.6.3. Market Assessment and Forecast, By Marine Channel , 2017-2023($Billion)
7.5.7. France
7.5.7.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
7.5.7.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
7.5.7.3. Market Assessment and Forecast, By Marine Channel , 2017-2023($Billion)
7.5.8. UK
7.5.8.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
7.5.8.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
7.5.8.3. Market Assessment and Forecast, By Marine Channel , 2017-2023($Billion)
7.5.9. Italy
7.5.9.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
7.5.9.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
7.5.9.3. Market Assessment and Forecast, By Marine Channel , 2017-2023($Billion)
7.5.10. Spain
7.5.10.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
7.5.10.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
7.5.10.3. Market Assessment and Forecast, By Marine Channel , 2017-2023($Billion)
7.5.11. Rest of Europe
7.5.11.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
7.5.11.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
7.5.11.3. Market Assessment and Forecast, By Marine Channel , 2017-2023($Billion)
8. Asia-Pacific
8.1.1. Asia-Pacific Marine Lubricants Sales and Growth Rate (2017-2017)
8.1.2. Market Assessment and Forecast, By Country, 2017-2023($Billion)
8.1.3. Market Assessment and Forecast, By Application , 2017-2023($Billion)
8.1.4. Market Assessment and Forecast, By Product , 2017-2023($Billion)
8.1.5. Market Assessment and Forecast, By Marine Channel ,2017-2023($Billion)
8.1.5.1. Japan
8.1.5.2. Market Assessment and Forecast, By Application , 2017-2023($Billion)
8.1.5.3. Market Assessment and Forecast, By Product , 2017-2023($Billion)
8.1.5.4. Market Assessment and Forecast, By Marine Channel ,2017-2023($Billion)
8.1.6. China
8.1.6.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
8.1.6.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
8.1.6.3. Market Assessment and Forecast, By Marine Channel ,2017-2023($Billion)
8.1.7. Australia
8.1.7.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
8.1.7.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
8.1.7.3. Market Assessment and Forecast, By Marine Channel ,2017-2023($Billion)
8.1.8. India
8.1.8.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
8.1.8.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
8.1.8.3. Market Assessment and Forecast, By Marine Channel ,2017-2023($Billion)
8.1.9. South Korea
8.1.9.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
8.1.9.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
8.1.9.3. Market Assessment and Forecast, By Marine Channel ,2017-2023($Billion)
8.1.10. Rest of Asia-Pacific
8.1.10.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
8.1.10.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
8.1.10.3. Market Assessment and Forecast, By Marine Channel ,2017-2023($Billion)
9. Rest of the World
9.1.1. Rest of the World Marine Lubricants Sales and Growth Rate (2017-2017)
9.1.2. Market Assessment and Forecast, By Country, 2017-2023($Billion)
9.1.3. Market Assessment and Forecast, By Application , 2017-2023($Billion)
9.1.4. Market Assessment and Forecast, By Marine Channel ,2017-2023($Billion)
9.1.5. Market Assessment and Forecast, By Marine Channel ,2017-2023($Billion)
9.1.6. Brazil
9.1.6.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
9.1.6.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
9.1.6.3. Market Assessment and Forecast, By Marine Channel ,2017-2023($Billion)
9.1.7. Turkey
9.1.7.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
9.1.7.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
9.1.7.3. Market Assessment and Forecast, By Marine Channel ,2017-2023($Billion)
9.1.8. Saudi Arabia
9.1.8.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
9.1.8.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
9.1.8.3. Market Assessment and Forecast, By Marine Channel ,2017-2023($Billion)
9.1.9. South Africa
9.1.9.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
9.1.9.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
9.1.9.3. Market Assessment and Forecast, By Marine Channel ,2017-2023($Billion)
9.1.10. United Arab Emirates
9.1.10.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
9.1.10.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
9.1.10.3. Market Assessment and Forecast, By Marine Channel ,2017-2023($Billion)
9.1.11. Others
9.1.11.1. Market Assessment and Forecast, By Application , 2017-2023($Billion)
9.1.11.2. Market Assessment and Forecast, By Product , 2017-2023($Billion)
9.1.11.3. Market Assessment and Forecast, By Marine Channel ,2017-2023($Billion)
10. Company Profiles
10.1. Castrol India
10.1.1. Business Overview
10.1.2. Product Portfolio
10.1.3. Strategic Developments
10.1.4. Marine Lubricants Sales, Revenue and Market Share
10.2. Total S.A
10.2.1. Business Overview
10.2.2. Product Portfolio
10.2.3. Strategic Developments
10.2.4. Marine Lubricants Sales, Revenue and Market Share
10.3. Lubricon
10.3.1. Business Overview
10.3.2. Product Portfolio
10.3.3. Strategic Developments
10.3.4. Marine Lubricants Sales, Revenue and Market Share
10.4. Quepet Lubricants LLC
10.4.1. Business Overview
10.4.2. Product Portfolio
10.4.3. Strategic Developments
10.4.4. Marine Lubricants Sales, Revenue and Market Share
10.5. Gulf Oil India Ltd
10.5.1. Business Overview
10.5.2. Product Portfolio
10.5.3. Strategic Developments
10.5.4. Marine Lubricants Sales, Revenue and Market Share
10.6. Sinopec
10.6.1. Business Overview
10.6.2. Product Portfolio
10.6.3. Strategic Developments
10.6.4. Marine Lubricants Sales, Revenue and Market Share
10.7. ExxonMobil
10.7.1. Business Overview
10.7.2. Product Portfolio
10.7.3. Strategic Developments
10.7.4. Marine Lubricants Sales, Revenue and Market Share
10.8. Lukoil
10.8.1. Business Overview
10.8.2. Product Portfolio
10.8.3. Strategic Developments
10.8.4. Marine Lubricants Sales, Revenue and Market Share
10.9. Royal Dutch Shell
10.9.1. Business Overview
10.9.2. Product Portfolio
10.9.3. Strategic Developments
10.9.4. Marine Lubricants Sales, Revenue and Market Share
10.10.Synforce Lubricants
10.10.1. Business Overview
10.10.2. Product Portfolio
10.10.3. Strategic Developments
10.10.4. Marine Lubricants Sales, Revenue and Market Share
11. Global Marine Lubricants Market Competition, by Manufacturer
11.1. Global Marine Lubricants Sales and Market Share by Manufacturer (2017-2017)
11.2. Global Marine Lubricants Revenue and Market Share by Manufacturer (2017-2017)
11.3. Top 5 Marine Lubricants Manufacturer Market Share
11.4. Market Competition Trend
List of Tables and Figures
You can glance through the list of Tables and Figures when you view the sample copy of Marine Lubricants 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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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.
- 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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