Palm Oil Market By Product And Application - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Personal Care & Cosmetics Report Code : CG06934
Industry Outlook and Trend Analysis
The Palm Oil Market has encountered significant development in the recent years and is anticipated to grow tremendously over the forecast period. Many government activities concerning blending of customary fuel with that of bio-based and additionally quickly developing use of products as bio-based diesel have been increasing worldwide acknowledgment over recent years. Buyers all around know about bio-based lubricants, surfactants, and cosmetics, which has additionally incited the market. Several multinationals in this field are constantly putting resources into their R&D division to ad lib their product portfolio accordingly catering a more extensive application base and manage in the market. Technological improvisation combined with high remote interests in the field for manageable methods for generation is assessed to make sufficient open doors for industry members over the globe.
Product Outlook and Trend Analysis
Crude palm is a broadly used as eatable oil with a market volume share of 77%, is probably going to remain a vital part of consumer diets, in spite of prohibition on its inclusion in dairy products in specific nations. Raw red oil is a standout amongst the most generally consumed products over the world and is probably going to remain a prevailing segment. Kernel products are still broadly used to make cosmetics, detergents, and soaps in end-use ventures. It has particular applications in confectionery fats and different divisions under bakery sector.
Application Outlook and Trend Analysis
Consumable oil is one of the overwhelming application scopes which are developing at a CAGR of 10.2% all inclusive. Rising costs have impacted food consumption in many developing economies over the globe. Diminishing arable land and rising cost of oilseeds has additionally created food-security concerns. The product is in this manner being used to address the developing food requirements of shoppers in a few developing economies, particularly notwithstanding lessening natural reserves and the opposition from different enterprises for vegetable oils. Strong customer certainty combined with high fashion & beauty awareness, additionally supported by media presentation and western impacts positively affect the beauty care products industry on a worldwide level.
Regional Outlook and Trend Analysis
In Europe, high customer income and developing impact of social media have driven the interest for top of the line makeup and individual care products. Men are quickly adjusting to new patterns in the purchaser beauty care products market, by using products such a beard and hair grooming products. Asia Pacific is home to many developing markets, including Thailand, India, Vietnam, Malaysia and Indonesia, the vast majority of which are huge makers and exporters. A large portion of these nations are likewise dedicated to an abnormal state of sustainability, with advancements in accomplishing higher essential proficiency and boosting development in the production and market.
Competitive Insights
The leading players in the market are Golden Agri-Resources, Astra Agro Lestari, Cargill India Private Limited, IOI Group, Wilmar International, Sime Darby, Godrej Agrovet and United Palm Oil Industry Public Co Ltd. 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 Palm Oil Market is segmented as follows-
By Product:
- Palm kernel oil
- Crude palm oil
- Palm kernel cake
- Others
By Application:
- Cosmetics
- Lubricants
- Edible oil
- Bio-diesel
- Surfactants
- 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
· Palm Oil Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
· Crude palm oil
· Palm kernel oil
· Palm kernel cake
· Other Products
· Palm Oil Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Edible oil
· Cosmetics
· Bio-diesel
· Lubricants
· Surfactants
· Other Applications
· Palm Oil Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Palm Oil Market, By Country
o U.S. Palm Oil Market
o Canada Palm Oil Market
o Mexico Palm Oil Market
· Europe
§ Europe Palm Oil Market, By Country
o Germany Palm Oil Market
o UK Palm Oil Market
o France Palm Oil Market
o Russia Palm Oil Market
o Italy Palm Oil Market
o Rest of Europe Palm Oil Market
· Asia-Pacific
§ Asia-Pacific Palm Oil Market, By Country
o China Palm Oil Market
o Japan Palm Oil Market
o South Korea Palm Oil Market
o India Palm Oil Market
o Southeast Asia Palm Oil Market
o Rest of Asia-Pacific Palm Oil Market
· South America
§ South America Palm Oil Market
o Brazil Palm Oil Market
o Argentina Palm Oil Market
o Columbia Palm Oil Market
o South Africa Palm Oil Market
o Rest of South America Palm Oil Market
· Middle East and Africa
§ Middle East and Africa Palm Oil Market
o Saudi Arabia Palm Oil Market
o UAE Palm Oil Market
o Egypt Palm Oil Market
o Nigeria Palm Oil Market
o South Africa Palm Oil Market
o Rest of MEA Palm Oil 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
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Palm Oil Market, By Product
5.1. Introduction
5.2. Global Palm Oil Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Palm Oil Sales and Sales Share by Product (2017-2027)
5.2.2. Global Palm Oil Revenue and Revenue Share by Product (2017-2027)
5.3. Crude Palm Oil
5.3.1. Global Crude Palm Oil Sales and Growth Rate (2017-2027)
5.4. Palm Kernel Oil
5.4.1. Global Palm Kernel Oil Sales and Growth Rate (2017-2027)
5.5. Palm Kernel Cake
5.5.1. Global Palm Kernel Cake Sales and Growth Rate (2017-2027)
5.6. Other Products
5.6.1. Global Other Products Sales and Growth Rate (2017-2027)
6. Palm Oil Market, By Application
6.1. Introduction
6.2. Global Palm Oil Sales, Revenue and Market Share by Application (2017-2027)
6.2.1. Global Palm Oil Sales and Sales Share by Application (2017-2027)
6.2.2. Global Palm Oil Revenue and Revenue Share by Application (2017-2027)
6.3. Edible Oil
6.3.1. Global Edible Oil Sales and Growth Rate (2017-2027)
6.4. Cosmetics
6.4.1. Global Cosmetics Sales and Growth Rate (2017-2027)
6.5. Bio-diesel
6.5.1. Global Bio-diesel Sales and Growth Rate (2017-2027)
6.6. Lubricants
6.6.1. Global Lubricants Sales and Growth Rate (2017-2027)
6.7. Surfactants
6.7.1. Global Surfactants Sales and Growth Rate (2017-2027)
6.8. Other Applications
6.8.1. Global Other Applications Sales and Growth Rate (2017-2027)
7. Palm Oil Market, By Region
7.1. Introduction
7.2. Global Palm Oil Sales, Revenue and Market Share by Regions
7.2.1. Global Palm Oil Sales by Regions (2017-2027)
7.2.2. Global Palm Oil Revenue by Regions (2017-2027)
7.3. North America Palm Oil by Countries
7.3.1. North America Palm Oil Sales and Growth Rate (2017-2027)
7.3.2. North America Palm Oil Revenue and Growth Rate (2017-2027)
7.3.3. North America Palm Oil Sales by Countries (2017-2027)
7.3.4. North America Palm Oil Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Palm Oil Sales and Growth Rate (2017-2027)
7.3.5.2. United States Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Palm Oil Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Palm Oil Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Palm Oil Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Palm Oil by Countries
7.4.1. Europe Palm Oil Sales and Growth Rate (2017-2027)
7.4.2. Europe Palm Oil Revenue and Growth Rate (2017-2027)
7.4.3. Europe Palm Oil Sales by Countries (2017-2027)
7.4.4. Europe Palm Oil Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Palm Oil Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Palm Oil Sales and Growth Rate (2017-2027)
7.4.6.2. UK Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Palm Oil Sales and Growth Rate (2017-2027)
7.4.7.2. France Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Palm Oil Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Palm Oil Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Palm Oil Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Palm Oil Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Palm Oil Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Palm Oil Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Palm Oil Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Palm Oil Sales and Growth Rate (2017-2027)
7.5.5.2. China Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Palm Oil Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Palm Oil Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Palm Oil Sales and Growth Rate (2017-2027)
7.5.8.2. India Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Palm Oil Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Palm Oil Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Palm Oil Sales and Growth Rate (2017-2027)
7.6.2. South America Palm Oil Revenue and Growth Rate (2017-2027)
7.6.3. South America Palm Oil Sales by Countries (2017-2027)
7.6.4. South America Palm Oil Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Palm Oil Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Palm Oil Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Palm Oil Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Palm Oil Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Palm Oil Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Palm Oil Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Palm Oil Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Palm Oil Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Palm Oil Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Palm Oil Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Palm Oil Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Palm Oil Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Palm Oil Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.10. Rest of Middle East and Africa
7.7.10.1. Rest of Middle East and Africa Palm Oil Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Palm Oil Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Cargill Inc.
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. United Palm Oil Industry Public Company Limited
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Wilmar International Ltd.
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Sime Darby
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. Golden Agri-Resources Ltd.
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. Godrej Agrovet Ltd.
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. PT Astra Agro Lestari Tbk
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. IOI Corp.
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
8.9. London Sumatra
8.9.1. Business Overview
8.9.2. Product Portfolio
8.9.3. Strategic Developments
8.9.4. Sales, Revenue and Market Share
8.10. Kulin Bhd
8.10.1. Business Overview
8.10.2. Product Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
9. Global Palm Oil Market Competition, by Manufacturer
9.1. Global Palm Oil Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Palm Oil Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Palm Oil Price by Manufacturer (2017-2017)
9.4. Top 5 Palm Oil Manufacturer Market Share
9.5. Market Competition Trend
10. Palm Oil Market Forecast (2027-2023)
10.1. Global Palm Oil Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Palm Oil Market Forecast by Regions (2027-2023)
10.2.1. North America Palm Oil Market Forecast (2027-2023)
10.2.1.1. United States Palm Oil Market Forecast (2027-2023)
10.2.1.2. Canada Palm Oil Market Forecast (2027-2023)
10.2.1.3. Mexico Palm Oil Market Forecast (2027-2023)
10.2.2. Europe Palm Oil Market Forecast (2027-2023)
10.2.2.1. Germany Palm Oil Market Forecast (2027-2023)
10.2.2.2. United Kingdom Palm Oil Market Forecast (2027-2023)
10.2.2.3. France Palm Oil Market Forecast (2027-2023)
10.2.2.4. Russia Palm Oil Market Forecast (2027-2023)
10.2.2.5. Italy Palm Oil Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Palm Oil Market Forecast (2027-2023)
10.2.3. Asia-Pacific Palm Oil Market Forecast (2027-2023)
10.2.3.1. China Palm Oil Market Forecast (2027-2023)
10.2.3.2. Japan Palm Oil Market Forecast (2027-2023)
10.2.3.3. Korea Palm Oil Market Forecast (2027-2023)
10.2.3.4. India Palm Oil Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Palm Oil Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Palm Oil Market Forecast (2027-2023)
10.2.4. South America Palm Oil Market Forecast (2027-2023)
10.2.4.1. Brazil Palm Oil Market Forecast (2027-2023)
10.2.4.2. Argentina Palm Oil Market Forecast (2027-2023)
10.2.4.3. Columbia Palm Oil Market Forecast (2027-2023)
10.2.4.4. Rest of South America Palm Oil Market Forecast (2027-2023)
10.2.5. Middle East and Africa Palm Oil Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Palm Oil Market Forecast (2027-2023)
10.2.5.2. UAE Palm Oil Market Forecast (2027-2023)
10.2.5.3. Egypt Palm Oil Market Forecast (2027-2023)
10.2.5.4. Nigeria Palm Oil Market Forecast (2027-2023)
10.2.5.5. South Africa Palm Oil Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Palm Oil Market Forecast (2027-2023)
10.3. Palm Oil Market Forecast by Product (2027-2023)
10.3.1. Global Palm Oil Sales Forecast by Product (2027-2023)
10.3.2. Global Palm Oil Sales Market Share Forecast by Product (2027-2023)
10.4. Palm Oil Market Forecast by Application (2027-2023)
10.4.1. Global Palm Oil Sales Forecast by Application (2027-2023)
10.4.2. Global Palm Oil Sales Market Share Forecast by Application (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Palm Oil 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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