Agricultural Tractor Market

Agricultural Tractor Market Size & Overview – Key Insights & Forecast

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12824
  • Published Date: Jul, 2022
  • Pages: 235
  • Category: Machinery & Equipment
  • Format: PDF
Buy @ $4700.00 Request Sample PDF

Market Dynamics

Drivers

  • The introduction of driverless agricultural tractors:

An upsurge in tractor registrations in developed countries associated with increased spending by farmers worldwide propels the market growth. Moreover, the increase in the penetration of the self-driving tractors, the rapid adoption of mechanization in the agriculture initiative, and the constant proliferation of the agricultural sector in the nation are also helping to drive the market growth. Further, progresses in the Indian agriculture sector with new revolutionary farming machinery such as tractors also propel the market growth. In addition, the rise in demand for tractors due to higher ploughing, Kharif sowing, and plating application in agricultural activities are also helping to propel the market growth during the forecast period.

Restraints

  • The highly thriving rental industry:

The highly thriving rental enterprise is the restraining factor of market growth. Further, the harvesters and tractors, for instance, constitute a significant investment in agricultural activities and are responsible for a considerable portion of the worldwide rental business. The price of the machinery available to farmers reflects all the processes implicated in distributing, designing, and producing the equipment. Further, the farm equipment penetration in emerging nations is low due to small farmers' incapability to invest a large sum of money. Farmers hire farm machinery to raise output and turnaround time, which stimulates overall profitability & efficiency. In addition, renting farm equipment is more cost-effective when compared to buying agricultural equipment with a conventional loan from a financial organization. These factors are the restraining factor of the market growth.

Opportunities

  • The rise in technological progress:

The increasing adoption of advanced & new technology in the agriculture sector to increase productivity worldwide is one of the driving factors of the market growth. Furthermore, farm labor expenses directly relate to the percentage of the nation's total population employed in agriculture, growing adoption of precision farming, simple demand-supply economics, and labor movement from urban to rural areas impacting the agricultural tractors market. Moreover, the government initiatives for funding and helping farmers with lower interest rates are also helping to drive the market growth during the forecast period. Also, the growing farm cash receipt, i.e., revenue & profit generated from farming, promotes market growth during the forecast period.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Horse Powers
          4.3.2. Market Attractiveness Analysis By Drive
          4.3.3. Market Attractiveness Analysis By Application
          4.3.4. Market Attractiveness Analysis By Tractor Type
          4.3.5. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The increasing demand for food crops is associated with a proliferation of advanced agriculture machinery
          5.2.2. The increase in penetration of sales in low-end passenger vehicles
          5.2.3. The rising number of farm training programs
    5.3. Restraints
          5.3.1. The high operational price
          5.3.2. The massive cost of agriculture tractors
    5.4. Opportunities
          5.4.1. A government enterprise for helping and delivering subsidies to farmers with low-interest rates

1. Global Agricultural Tractor Market Analysis and Forecast, By Horse Powers
    1.1. Segment Overview
    1.2. More than 150 HP
    1.3. 100 HP to 150 HP
    1.4. 41 HP to 99 HP
    1.5. Below 40 HP

2. Global Agricultural Tractor Market Analysis and Forecast, By Drive
    2.1. Segment Overview
    2.2. 2 Wheel Drive (2WD)
    2.3. 4 Wheel Drive (4WD)

3. Global Agricultural Tractor Market Analysis and Forecast, By Application
    3.1. Segment Overview
    3.2. Seed Sowing
    3.3. Harvesting
    3.4. Irrigation

4. Global Agricultural Tractor Market Analysis and Forecast, By Tractor Type
    5.5. Segment Overview
    5.6. Row-crop Tractors
    5.7. Pedestrian Tractors
    5.8. Wheeled Tractors
    5.9. Orchard Tractors

5. Global Agricultural Tractor Market Analysis and Forecast, By Regional Analysis
    5.1. Segment Overview
    5.2. North America
          5.2.1. U.S.
          5.2.2. Canada
          5.2.3. Mexico
    5.3. Europe
          5.3.1. Germany
          5.3.2. France
          5.3.3. U.K.
          5.3.4. Italy
          5.3.5. Spain
    5.4. Asia-Pacific
          5.4.1. Japan
          5.4.2. China
          5.4.3. India
    5.5. South America
          5.5.1. Brazil
    5.6. Middle East and Africa
          5.6.1. UAE
          5.6.2. South Africa

6. Global Agricultural Tractor Market-Competitive Landscape
    6.1. Overview
    6.2. Market Share of Key Players in Global Agricultural Tractor Market
          6.2.1. Global Company Market Share
          6.2.2. North America Company Market Share
          6.2.3. Europe Company Market Share
          6.2.4. APAC Company Market Share
    6.3. Competitive Situations and Trends
          6.3.1. Product Launches and Developments
          6.3.2. Partnerships, Collaborations, and Agreements
          6.3.3. Mergers & Acquisitions
          6.3.4. Expansions

7. Company Profiles
    7.1. Mahindra Group
          7.1.1. Business Overview
          7.1.2. Company Snapshot
          7.1.3. Company Market Share Analysis
          7.1.4. Company Product Portfolio
          7.1.5. Recent Developments
          7.1.6. SWOT Analysis
    7.2. Deere & Company
          7.2.1. Business Overview
          7.2.2. Company Snapshot
          7.2.3. Company Market Share Analysis
          7.2.4. Company Product Portfolio
          7.2.5. Recent Developments
          7.2.6. SWOT Analysis
    7.3. Yanmar
          7.3.1. Business Overview
          7.3.2. Company Snapshot
          7.3.3. Company Market Share Analysis
          7.3.4. Company Product Portfolio
          7.3.5. Recent Developments
          7.3.6. SWOT Analysis
    7.4. Kutoba Corporation
          7.4.1. Business Overview
          7.4.2. Company Snapshot
          7.4.3. Company Market Share Analysis
          7.4.4. Company Product Portfolio
          7.4.5. Recent Developments
          7.4.6. SWOT Analysis
    7.5. Dongfeng
          7.5.1. Business Overview
          7.5.2. Company Snapshot
          7.5.3. Company Market Share Analysis
          7.5.4. Company Product Portfolio
          7.5.5. Recent Developments
          7.5.6. SWOT Analysis
    7.6. Massey Ferguson
          7.6.1. Business Overview
          7.6.2. Company Snapshot
          7.6.3. Company Market Share Analysis
          7.6.4. Company Product Portfolio
          7.6.5. Recent Developments
          7.6.6. SWOT Analysis
    7.7. SDF Group
          7.7.1. Business Overview
          7.7.2. Company Snapshot
          7.7.3. Company Market Share Analysis
          7.7.4. Company Product Portfolio
          7.7.5. Recent Developments
          7.7.6. SWOT Analysis
    7.8. Farmtac
          7.8.1. Business Overview
          7.8.2. Company Snapshot
          7.8.3. Company Market Share Analysis
          7.8.4. Company Product Portfolio
          7.8.5. Recent Developments
          7.8.6. SWOT Analysis
    7.9. New Holland
          7.9.1. Business Overview
          7.9.2. Company Snapshot
          7.9.3. Company Market Share Analysis
          7.9.4. Company Product Portfolio
          7.9.5. Recent Developments
          7.9.6. SWOT Analysis
    7.10. Kioti Tractor
          7.10.1. Business Overview
          7.10.2. Company Snapshot
          7.10.3. Company Market Share Analysis
          7.10.4. Company Product Portfolio
          7.10.5. Recent Developments
          7.10.6. SWOT Analysis
    7.11. Argo Tractors S.p.A.
          7.11.1. Business Overview
          7.11.2. Company Snapshot
          7.11.3. Company Market Share Analysis
          7.11.4. Company Product Portfolio
          7.11.5. Recent Developments
          7.11.6. SWOT Analysis
    7.12. Valtra Tractor
          7.12.1. Business Overview
          7.12.2. Company Snapshot
          7.12.3. Company Market Share Analysis
          7.12.4. Company Product Portfolio
          7.12.5. Recent Developments
          7.12.6. SWOT Analysis
    7.13. CNH Industrial N.V.
          7.13.1. Business Overview
          7.13.2. Company Snapshot
          7.13.3. Company Market Share Analysis
          7.13.4. Company Product Portfolio
          7.13.5. Recent Developments
          7.13.6. SWOT Analysis
 

List of Table

1. Global Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

2. Global More than 150 HP, Agricultural Tractor Market, By Region, 2019-2030 (USD Billion) 

3. Global 100 HP to 150 HP, Agricultural Tractor Market, By Region, 2019-2030 (USD Billion)

4. Global 41 HP to 99 HP, Agricultural Tractor Market, By Region, 2019-2030 (USD Billion)

5. Global Below 40 HP, Agricultural Tractor Market, By Region, 2019-2030 (USD Billion)

6. Global Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

7. Global 2 Wheel Drive (2WD), Agricultural Tractor Market, By Region, 2019-2030 (USD Billion)

8. Global 4 Wheel Drive (4WD), Agricultural Tractor Market, By Region, 2019-2030 (USD Billion)

9. Global Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

10. Global Seed Sowing, Agricultural Tractor Market, By Region, 2019-2030 (USD Billion)

11. Global Harvesting, Agricultural Tractor Market, By Region, 2019-2030 (USD Billion)

12. Global Irrigation, Agricultural Tractor Market, By Region, 2019-2030 (USD Billion)

13. Global Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

14. Global Row-crop Tractors, Agricultural Tractor Market, By Region, 2019-2030 (USD Billion)

15. Global Pedestrian Tractors, Agricultural Tractor Market, By Region, 2019-2030 (USD Billion)

16. Global Wheeled Tractors, Agricultural Tractor Market, By Region, 2019-2030 (USD Billion)

17. Global Orchard Tractors, Agricultural Tractor Market, By Region, 2019-2030 (USD Billion)

18. North America Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

19. North America Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

20. North America Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

21. North America Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

22. U.S. Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

23. U.S. Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

24. U.S. Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

25. U.S. Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

26. Canada Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

27. Canada Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

28. Canada Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

29. Canada Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

30. Mexico Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

31. Mexico Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

32. Mexico Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

33. Mexico Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

34. Europe Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

35. Europe Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

36. Europe Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

37. Europe Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

38. Germany Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

39. Germany Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

40. Germany Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

41. Germany Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

42. France Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

43. France Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

44. France Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

45. France Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

46. U.K. Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

47. U.K. Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

48. U.K. Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

49. U.K. Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

50. Italy Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

51. Italy Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

52. Italy Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

53. Italy Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

54. Spain Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

55. Spain Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

56. Spain Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

57. Spain Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

58. Asia Pacific Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

59. Asia Pacific Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

60. Asia Pacific Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

61. Asia Pacific Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

62. Japan Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

63. Japan Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

64. Japan Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

65. Japan Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

66. China Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

67. China Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

68. China Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

69. China Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

70. India Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

71. India Agricultural Tractor  Market, By Drive, 2019-2030 (USD Billion)

72. India Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

73. India Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

74. South America Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

75. South America Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

76. South America Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

77. South America Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

78. Brazil Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

79. Brazil Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

80. Brazil Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

81. Brazil Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

82. Middle East and Africa Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

83. Middle East and Africa Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

84. Middle East and Africa Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

85. Middle East and Africa Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

86. UAE Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

87. UAE Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

88. UAE Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

89. UAE Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

90. South Africa Agricultural Tractor Market, By Horse Powers, 2019-2030 (USD Billion)

91. South Africa Agricultural Tractor Market, By Drive, 2019-2030 (USD Billion)

92. South Africa Agricultural Tractor Market, By Application, 2019-2030 (USD Billion)

93. South Africa Agricultural Tractor Market, By Tractor Type, 2019-2030 (USD Billion)

List of Figures 

1. Global Agricultural Tractor  Market Segmentation

2. Global Agricultural Tractor  Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Agricultural Tractor Market Attractiveness Analysis By Horse Powers

9. Global Agricultural Tractor Market Attractiveness Analysis By Drive

10. Global Agricultural Tractor Market Attractiveness Analysis By Application

11. Global Agricultural Tractor Market Attractiveness Analysis By Tractor Type

12. Global Agricultural Tractor Market Attractiveness Analysis By Region

13. Global Agricultural Tractor Market: Dynamics

14. Global Agricultural Tractor Market Share By Horse Powers (2022 & 2030)

15. Global Agricultural Tractor Market Share By Drive (2022 & 2030)

16. Global Agricultural Tractor Market Share By Application (2022 & 2030)

17. Global Agricultural Tractor Market Share By Tractor Type (2022 & 2030)

18. Global Agricultural Tractor Market Share By Regions (2022 & 2030)

19. Global Agricultural Tractor Market Share By Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global agricultural tractor based on below mentioned segments:

Global Agricultural Tractor Market by Horse Powers:

  • More than 150 HP
  • 100 HP to 150 HP
  • 41 HP to 99 HP
  • Below 40 HP

Global Agricultural Tractor Market by Drive:

  • 2 Wheel Drive (2WD)
  • 4 Wheel Drive (4WD)

Global Agricultural Tractor Market by Application:

  • Seed Sowing
  • Harvesting
  • Irrigation

Global Agricultural Tractor Market by Tractor Type:

  • Row-crop Tractors
  • Pedestrian Tractors
  • Wheeled Tractors
  • Orchard Tractors

 Global Agricultural Tractor by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

Some Facts About The Brainy Insights

50%

Free Customization

300+

Fortune 500 Clients

1

Free Yearly Update On Purchase Of Multi/Corporate License

900+

Companies Served Till Date