Rolling Stock Market By Product, Type And Train Type- Global Industry Analysis And Forecast To 2023
Published On : May 2022 Pages : 100 Category: Automotive & Transportations Report Code : AT05769
Industry Outlook and Trend Analysis
The Rolling Stock Market was worth USD 43.56 billion in 2017 and is expected to reach approximately USD 59.68 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 3.56% during the forecast period. Rolling stock has encouraged convenient transportation with advantages, for example, reliability, comfort, and cost-effectiveness. Therefore, the demand for rolling stock has been on a consistent rise in the course of recent years and this pattern will proceed over the estimate time frame. Developing concentration of populace in urban territories is anticipated to expand demand for rail vehicles, for example, local trains, passenger rails, and trams. As of late, passengers have been showing interest for high-speed trains over the customary kind attributable to quicker transportation and more comfort. In this manner, governments around the globe are putting resources into tramways and commuter trains to upgrade the selection of passenger rails.
Product Outlook and Trend Analysis
The rapid transit vehicle portion is anticipated to witness solid development over the conjecture time frame inferable from fast and improved comfort offered by these vehicles. Additionally, demand for computerized trains and magnetic levitation trains for open transportation are anticipated to ascend over the figure time frame.
Type Outlook and Trend Analysis
Diesel vehicles are usually used for transportation of heavy goods in many areas. They are broadly used in ventures, for example, mining, manufacturing, and oil and gas for transportation of products attributable to their highlights, for example, high-torque engines and cost-effectiveness. Electric vehicles are anticipated to shape the quickest developing portion in the rolling stock market inferable from advantages, for example, diminished contamination and improved proficiency of vehicles.
Train Type Outlook and Trend Analysis
The demand for traveller rails has been increasing globally. Additionally, passenger rails are mass transit systems and consequently, more cost-effective in comparison to roadways. Metros, trams, and high-speed trains are the most favoured passenger rails, attributable to their quicker transportation service.
Regional Outlook and Trend Analysis
The Asia Pacific district is evaluated to command the market for rolling stock over the figure time frame attributable to huge scale selection of rail vehicles for transporting passengers and goods. The development of the regional market can likewise be ascribed to increment in interests in metro and electric trains in nations, for example, Taiwan, India, and China. MEA is foreseen to be the quickest developing area over the conjecture time frame attributable to expanding usage of rolling stock in the oil and gas and mining businesses for transportation of goods.
Competitive Insights
The leading players in the market are Alstom Transport, Stadler Rail, The Greenbrier Companies, Bombardier Transportation, CRRC, Hitachi Rail Systems, Hyundai Rotem, GE Transportation, Siemens Mobility and Trinity Rail Group LLC. 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 Rolling Stock Market is segmented as follows-
By Product:
- Rapid Transit Vehicle
- Locomotive
- Wagon
By Type:
- Electric
- Diesel
By Train Type:
- Passenger Rail
- Rail Freight
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
· Rolling Stock Market, By Product, Estimates and Forecast, 2014-2023($Billion)
o Locomotive
o Rapid Transit vehicle
o Wagon
· Rolling Stock Market, By Train Type, Estimates and Forecast, 2014-2023($Billion)
o Rail Freight
o Passenger Rail
· Rolling Stock Market, By Type, Estimates and Forecast, 2014-2023($Billion)
o Diesel
o Electric
· Rolling Stock Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Rolling Stock Market, By Country
o U.S. Rolling Stock Market
o Canada Rolling Stock Market
o Mexico Rolling Stock Market
o Europe
§ Europe Rolling Stock Market, By Country
o Germany Rolling Stock Market
o UK Rolling Stock Market
o France Rolling Stock Market
o Russia Rolling Stock Market
o Italy Rolling Stock Market
o Rest of Europe Rolling Stock Market
o Asia-Pacific
§ Asia-Pacific Rolling Stock Market, By Country
o China Rolling Stock Market
o Japan Rolling Stock Market
o South Korea Rolling Stock Market
o India Rolling Stock Market
o Southeast Asia Rolling Stock Market
o Rest of Asia-Pacific Rolling Stock Market
o South America
§ South America Rolling Stock Market
o Brazil Rolling Stock Market
o Argentina Rolling Stock Market
o Columbia Rolling Stock Market
o South Africa Rolling Stock Market
o Rest of South America Rolling Stock Market
o Middle East and Africa
§ Middle East and Africa Rolling Stock Market
o Saudi Arabia Rolling Stock Market
o UAE Rolling Stock Market
o Egypt Rolling Stock Market
o Nigeria Rolling Stock Market
o South Africa Rolling Stock Market
o Rest of MEA Rolling Stock 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. Increasing Demand for Public Rail Transport
3.2.1.2. Proliferation of Energy-Efficient Rail Vehicles
3.2.2. Restraints
3.2.2.1. High Capital Investment
3.2.3. Opportunities
3.2.3.1. Emerging Countries 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. Rolling Stock Market, By Product
5.1. Introduction
5.2. Global Rolling Stock Sales, Revenue and Market Share by Product (2017-2017)
5.2.1. Global Rolling Stock Sales and Sales Share by Product (2017-2017)
5.2.2. Global Rolling Stock Revenue and Revenue Share by Product (2017-2017)
5.3. Rolling Stock Market Assessment and Forecast, By Product, 2017-2023
5.4. Locomotive
5.4.1. Global Locomotive Sales and Growth Rate (2017-2027)
5.5. Rapid Transit vehicle
5.5.1. Global Rapid Transit vehicle Sales and Growth Rate (2017-2027)
5.6. Wagon
5.6.1. Global Wagon Sales and Growth Rate (2017-2027)
6. Rolling Stock Market, By Train Type
6.1. Introduction
6.2. Global Rolling Stock Sales, Revenue and Market Share by Train Type (2017-2017)
6.2.1. Global Rolling Stock Sales and Sales Share by Train Type (2017-2017)
6.2.2. Global Rolling Stock Revenue and Revenue Share by Train Type (2017-2017)
6.3. Rolling Stock Market Assessment and Forecast, By Train Type, 2017-2023
6.4. Rail Freight
6.4.1. Global Rail Freight Sales and Growth Rate (2017-2027)
6.5. Passenger Rail
6.5.1. Global Passenger Rail Sales and Growth Rate (2017-2027)
7. Rolling Stock Market, By Type
7.1. Introduction
7.2. Global Rolling Stock Sales, Revenue and Market Share by Type (2017-2017)
7.2.1. Global Rolling Stock Sales and Sales Share by Type (2017-2017)
7.2.2. Global Rolling Stock Revenue and Revenue Share by Type (2017-2017)
7.3. Rolling Stock Market Assessment and Forecast, By Type, 2017-2023($Billion)
7.4. Diesel
7.4.1. Global Diesel Sales and Growth Rate (2017-2027)
7.5. Electric
7.5.1. Global Electric Sales and Growth Rate (2017-2027)
8. Rolling Stock Market, By Region
8.1. Introduction
8.2. Global Rolling Stock Sales, Revenue and Market Share by Regions
8.2.1. Global Rolling Stock Sales by Regions (2017-2027)
8.2.2. Global Rolling Stock Revenue by Regions (2017-2027)
8.3. North America Rolling Stock by Countries
8.3.1. North America Rolling Stock Sales and Growth Rate (2017-2027)
8.3.2. North America Rolling Stock Revenue and Growth Rate (2017-2027)
8.3.3. North America Rolling Stock Sales by Countries (2017-2027)
8.3.4. North America Rolling Stock Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States Rolling Stock Sales and Growth Rate (2017-2027)
8.3.5.2. United States Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada Rolling Stock Sales and Growth Rate (2017-2027)
8.3.6.2. Canada Rolling Stock Sales (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico Rolling Stock Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Rolling Stock by Countries
8.4.1. Europe Rolling Stock Sales and Growth Rate (2017-2027)
8.4.2. Europe Rolling Stock Revenue and Growth Rate (2017-2027)
8.4.3. Europe Rolling Stock Sales by Countries (2017-2027)
8.4.4. Europe Rolling Stock Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany Rolling Stock Sales and Growth Rate (2017-2027)
8.4.5.2. Germany Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK Rolling Stock Sales and Growth Rate (2017-2027)
8.4.6.2. UK Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France Rolling Stock Sales and Growth Rate (2017-2027)
8.4.7.2. France Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia Rolling Stock Sales and Growth Rate (2017-2027)
8.4.8.2. Russia Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy Rolling Stock Sales and Growth Rate (2017-2027)
8.4.9.2. Italy Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe Rolling Stock Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Rolling Stock Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Rolling Stock Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific Rolling Stock Sales by Countries (2017-2027)
8.5.4. Asia-Pacific Rolling Stock Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China Rolling Stock Sales and Growth Rate (2017-2027)
8.5.5.2. China Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan Rolling Stock Sales and Growth Rate (2017-2027)
8.5.6.2. Japan Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6.3.
8.5.7. Korea
8.5.7.1. Korea Rolling Stock Sales and Growth Rate (2017-2027)
8.5.7.2. Korea Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India Rolling Stock Sales and Growth Rate (2017-2027)
8.5.8.2. India Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia Rolling Stock Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific Rolling Stock Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Rolling Stock Sales and Growth Rate (2017-2027)
8.6.2. South America Rolling Stock Revenue and Growth Rate (2017-2027)
8.6.3. South America Rolling Stock Sales by Countries (2017-2027)
8.6.4. South America Rolling Stock Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil Rolling Stock Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina Rolling Stock Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia Rolling Stock Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America Rolling Stock Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Rolling Stock Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Rolling Stock Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa Rolling Stock Sales by Countries (2017-2027)
8.7.4. Middle East and Africa Rolling Stock Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia Rolling Stock Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates Rolling Stock Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt Rolling Stock Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria Rolling Stock Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa Rolling Stock Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa Rolling Stock 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 Rolling Stock Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa Rolling Stock Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. CRRC Corporation Limited
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. Bombardier Transportation
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. Trinity Rail Group, LLC
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. Alstom Transport
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. GE Transportation
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. Siemens Mobility
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. Stadler Rail AG
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. Hitachi Rail Systems
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. The Greenbrier Co.
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. Hyundai Rotem
9.10.1. Business Overview
9.10.2. Product Portfolio
9.10.3. Strategic Developments
9.10.4. Sales, Revenue and Market Share
10. Global Rolling Stock Market Competition, by Manufacturer
10.1. Global Rolling Stock Sales and Market Share by Manufacturer (2017-2017)
10.2. Global Rolling Stock Revenue and Market Share by Manufacturer (2017-2017)
10.3. Global Rolling Stock Price by Manufacturer (2017-2017)
10.4. Top 5 Rolling Stock Manufacturer Market Share
10.5. Market Competition Trend
11. Rolling Stock Market Forecast (2027-2023)
11.1. Global Rolling Stock Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Rolling Stock Market Forecast by Regions (2027-2023)
11.2.1. North America Rolling Stock Market Forecast (2027-2023)
11.2.1.1. United States Rolling Stock Market Forecast (2027-2023)
11.2.1.2. Canada Rolling Stock Market Forecast (2027-2023)
11.2.1.3. Mexico Rolling Stock Market Forecast (2027-2023)
11.2.2. Europe Rolling Stock Market Forecast (2027-2023)
11.2.2.1. Germany Rolling Stock Market Forecast (2027-2023)
11.2.2.2. United Kingdom Rolling Stocks Market Forecast (2027-2023)
11.2.2.3. France Rolling Stock Market Forecast (2027-2023)
11.2.2.4. Russia Rolling Stock Market Forecast (2027-2023)
11.2.2.5. Italy Rolling Stock Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Rolling Stock Market Forecast (2027-2023)
11.2.3. Asia-Pacific Rolling Stock Market Forecast (2027-2023)
11.2.3.1. China Rolling Stock Market Forecast (2027-2023)
11.2.3.2. Japan Rolling Stock Market Forecast (2027-2023)
11.2.3.3. Korea Rolling Stock Market Forecast (2027-2023)
11.2.3.4. India Rolling Stock Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Rolling Stock Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Rolling Stock Market Forecast (2027-2023)
11.2.4. South America Rolling Stock Market Forecast (2027-2023)
11.2.4.1. Brazil Rolling Stock Market Forecast (2027-2023)
11.2.4.2. Argentina Rolling Stock Market Forecast (2027-2023)
11.2.4.3. Columbia Rolling Stock Market Forecast (2027-2023)
11.2.4.4. Rest of South America Rolling Stock Market Forecast (2027-2023)
11.2.5. Middle East and Africa Rolling Stock Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Rolling Stock Market Forecast (2027-2023)
11.2.5.2. UAE Rolling Stock Market Forecast (2027-2023)
11.2.5.3. Egypt Rolling Stock Market Forecast (2027-2023)
11.2.5.4. Nigeria Rolling Stock Market Forecast (2027-2023)
11.2.5.5. South Africa Rolling Stock Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Rolling Stock Market Forecast (2027-2023)
11.3. Rolling Stock Market Forecast by Product (2027-2023)
11.3.1. Global Rolling Stock Sales Forecast by Product (2027-2023)
11.3.2. Global Rolling Stock Sales Market Share Forecast by Product (2027-2023)
11.4. Rolling Stock Market Forecast by Train Type (2027-2023)
11.4.1. Global Rolling Stock Sales Forecast by Train Type (2027-2023)
11.4.2. Global Rolling Stock Sales Market Share Forecast by Train Type (2027-2023)
11.5. Rolling Stock Market Forecast by Type (2027-2023)
11.5.1. Global Rolling Stock Sales Forecast by Type (2027-2023)
11.5.2. Global Rolling Stock Sales Market Share Forecast by Type (2027-2023)
List of Tables and Figures
You can glance through the list of Tables and Figures when you view the sample copy of Rolling Stock Market.
List of Tables
You can glance through the list of Tables and Figures when you view the sample copy of Rolling Stock 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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