Carbide Tools Market Size & Overview – Key Insights & Forecast

Base Year: 2022 Historical Data: 2020-21

Report ID: TBI-13222
Published Date: Jan, 2023
Pages: 235
Category: Machinery & Equipment
Format: PDF

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Market Introduction

The global carbide tools market is expected to grow from USD 10.67 billion in 2022 to USD 16.38 billion by 2030, at a CAGR of 5.50% during the forecast period 2022-2030. The North American region is expected to dominate the market in 2022.

Carbide tools are widely used cutting tools used for shaping metal to be used in different applications. These tools provide high durability and precision grinding for rigid materials. Carbide tools are widely used for machining and shaping metals. These tools have extensive applications in automotive, electrical, automotive, aerospace, electronics, etc. Carbide tools have several benefits, including wear and tear resistance, high speed, reduced cycle time, durability, and operability at high temperatures. There are various applications of carbide tools in the manufacturing industry. Carbide powder and tungsten powder are used for the manufacturing of carbide tools. With the help of these carbide tools, specially shaped-metal can be produced faster. Several unique capabilities are associated with such tools, making them favourable to be used in heavy-duty machines.

Carbide Tools Market Size

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Recent Development

In February 2021, a significant player, Mitsubishi Materials, acquired a 30 per cent stake in Chile-based Mantoverde Copper Mine. The deal was closed for USD 275 million. The objective of this acquisition was to improve Mitsubishi Material’s product portfolio of carbide tools.

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Further segmentation of the market on the basis of type, application, end use, product, technology, method, process and any other segment depending on the market
Segmentation on the basis of any specific country or region
Any segment can be classified on the basis of application
Application segment can be further divided on the basis of companies
The companies profiled are not limited, we can incorporate additional companies of your choice
We can split the company market share on the basis of product, application and region
Report can be prepared for any specific country/region/segment
Customers can be added on the basis of regions and countries

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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 Operating Mode
          4.3.2. Market Attractiveness Analysis By Product
          4.3.3. Market Attractiveness Analysis By Material Type
          4.3.4. Market Attractiveness Analysis By Coating
          4.3.5. Market Attractiveness Analysis By End-user
          4.3.6. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing demand for carbide tools in different applications
    5.3. Restraints
          5.3.1. Fluctuating cost of raw materials
    5.4. Opportunities
          5.4.1. Increasing investment in construction industry
    5.5. Challenges
          5.5.1. Availability of substitutes

6. Global Carbide Tools Market Analysis and Forecast, By Operating Mode
    6.1. Segment Overview
    6.2. Manual
    6.3. Automatic

7. Global Carbide Tools Market Analysis and Forecast, By Product
    7.1. Segment Overview
    7.2. Milling Tools
    7.3. Drilling Tools
    7.4. Turning Tools
    7.5. Reamers
    7.6. Taps and Dies
    7.7. Others

8. Global Carbide Tools Market Analysis and Forecast, By Material Type
    8.1. Segment Overview
    8.2. Calcium Carbide
    8.3. Aluminum Carbide
    8.4. Silicon Carbide
    8.5. Iron Carbide
    8.6. Tungsten Carbide

9. Global Carbide Tools Market Analysis and Forecast, By Coating
    9.1. Segment Overview
    9.2. Coated
    9.3. Non-Coated

10. Global Carbide Tools Market Analysis and Forecast, By End-user
    10.1. Segment Overview
    10.2. Construction
    10.3. Automotive
    10.4. Aerospace
    10.5. Electronics and Electrical
    10.6. Mining
    10.7. Metal Fabrication
    10.8. Oil and Gas
    10.9. Others

11. Global Carbide Tools Market Analysis and Forecast, By Regional Analysis
    11.1. Segment Overview
    11.2. North America
          11.2.1. U.S.
          11.2.2. Canada
          11.2.3. Mexico
    11.3. Europe
          11.3.1. Germany
          11.3.2. France
          11.3.3. U.K.
          11.3.4. Italy
          11.3.5. Spain
    11.4. Asia-Pacific
          11.4.1. Japan
          11.4.2. China
          11.4.3. India
    11.5. South America
          11.5.1. Brazil
    11.6. Middle East and Africa
          11.6.1. UAE
          11.6.2. South Africa

12. Global Carbide Tools Market-Competitive Landscape
    12.1. Overview
    12.2. Market Share of Key Players in the Carbide Tools Market
          12.2.1. Global Company Market Share
          12.2.2. North America Company Market Share
          12.2.3. Europe Company Market Share
          12.2.4. APAC Company Market Share
    12.3. Competitive Situations and Trends
          12.3.1. Product Launches and Developments
          12.3.2. Partnerships, Collaborations, and Agreements
          12.3.3. Mergers & Acquisitions
          12.3.4. Expansions

13. Company Profiles
    13.1. Best Carbide Cutting Tools, Inc.
          13.1.1. Business Overview
          13.1.2. Company Snapshot
          13.1.3. Company Market Share Analysis
          13.1.4. Company Product Portfolio
          13.1.5. Recent Developments
          13.1.6. SWOT Analysis
    13.2. Advent Tool & Manufacturing, Inc.
          13.2.1. Business Overview
          13.2.2. Company Snapshot
          13.2.3. Company Market Share Analysis
          13.2.4. Company Product Portfolio
          13.2.5. Recent Developments
          13.2.6. SWOT Analysis
    13.3. Garr Tool Company
          13.3.1. Business Overview
          13.3.2. Company Snapshot
          13.3.3. Company Market Share Analysis
          13.3.4. Company Product Portfolio
          13.3.5. Recent Developments
          13.3.6. SWOT Analysis
    13.4. Ingersoll Cutting Tool Company
          13.4.1. Business Overview
          13.4.2. Company Snapshot
          13.4.3. Company Market Share Analysis
          13.4.4. Company Product Portfolio
          13.4.5. Recent Developments
          13.4.6. SWOT Analysis
    13.5. Mitsubishi Materials Corporation
          13.5.1. Business Overview
          13.5.2. Company Snapshot
          13.5.3. Company Market Share Analysis
          13.5.4. Company Product Portfolio
          13.5.5. Recent Developments
          13.5.6. SWOT Analysis
    13.6. VHF Camfacture AG
          13.6.1. Business Overview
          13.6.2. Company Snapshot
          13.6.3. Company Market Share Analysis
          13.6.4. Company Product Portfolio
          13.6.5. Recent Developments
          13.6.6. SWOT Analysis
    13.7. CERATIZIT S.A.
          13.7.1. Business Overview
          13.7.2. Company Snapshot
          13.7.3. Company Market Share Analysis
          13.7.4. Company Product Portfolio
          13.7.5. Recent Developments
          13.7.6. SWOT Analysis
    13.8. Rock River Tool, Inc.
          13.8.1. Business Overview
          13.8.2. Company Snapshot
          13.8.3. Company Market Share Analysis
          13.8.4. Company Product Portfolio
          13.8.5. Recent Developments
          13.8.6. SWOT Analysis
    13.9. Vora Industries
          13.9.1. Business Overview
          13.9.2. Company Snapshot
          13.9.3. Company Market Share Analysis
          13.9.4. Company Product Portfolio
          13.9.5. Recent Developments
          13.9.6. SWOT Analysis
    13.10. SGS Tool Company
          13.10.1. Business Overview
          13.10.2. Company Snapshot
          13.10.3. Company Market Share Analysis
          13.10.4. Company Product Portfolio
          13.10.5. Recent Developments
          13.10.6. SWOT Analysis
    13.11. Tunco Manufacturing Inc.
          13.11.1. Business Overview
          13.11.2. Company Snapshot
          13.11.3. Company Market Share Analysis
          13.11.4. Company Product Portfolio
          13.11.5. Recent Developments
          13.11.6. SWOT Analysis
    13.12. PROMAX Tools
          13.12.1. Business Overview
          13.12.2. Company Snapshot
          13.12.3. Company Market Share Analysis
          13.12.4. Company Product Portfolio
          13.12.5. Recent Developments
          13.12.6. SWOT Analysis
    13.13. Global Excel Tools Manufacturing Sdn
          13.13.1. Business Overview
          13.13.2. Company Snapshot
          13.13.3. Company Market Share Analysis
          13.13.4. Company Product Portfolio
          13.13.5. Recent Developments
          13.13.6. SWOT Analysis
    13.14. OSG Corporation
          13.14.1. Business Overview
          13.14.2. Company Snapshot
          13.14.3. Company Market Share Analysis
          13.14.4. Company Product Portfolio
          13.14.5. Recent Developments
          13.14.6. SWOT Analysis
    13.15. Sandvik AB
          13.15.1. Business Overview
          13.15.2. Company Snapshot
          13.15.3. Company Market Share Analysis
          13.15.4. Company Product Portfolio
          13.15.5. Recent Developments
          13.15.6. SWOT Analysis
    13.16. Plansee Group
          13.16.1. Business Overview
          13.16.2. Company Snapshot
          13.16.3. Company Market Share Analysis
          13.16.4. Company Product Portfolio
          13.16.5. Recent Developments
          13.16.6. SWOT Analysis
    13.17. Sumitomo Electric Corporation
          13.17.1. Business Overview
          13.17.2. Company Snapshot
          13.17.3. Company Market Share Analysis
          13.17.4. Company Product Portfolio
          13.17.5. Recent Developments
          13.17.6. SWOT Analysis
    13.18. Guhring Ltd.
          13.18.1. Business Overview
          13.18.2. Company Snapshot
          13.18.3. Company Market Share Analysis
          13.18.4. Company Product Portfolio
          13.18.5. Recent Developments
          13.18.6. SWOT Analysis
    13.19. Allied Machine and Engineering Corp
          13.19.1. Business Overview
          13.19.2. Company Snapshot
          13.19.3. Company Market Share Analysis
          13.19.4. Company Product Portfolio
          13.19.5. Recent Developments
          13.19.6. SWOT Analysis

List of Table

1. Global Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

2. Global Manual, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

3. Global Automatic, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

4. Global Carbide Tools Market, By Product, 2019-2030 (USD Billion)

5. Global Milling Tools, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

6. Global Drilling Tools, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

7. Global Turning Tools, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

8. Global Reamers, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

9. Global Taps and Dies, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

10. Global Others, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

11. Global Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

12. Global Calcium Carbide, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

13. Global Aluminum Carbide, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

14. Global Silicon Carbide, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

15. Global Iron Carbide, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

16. Global Tungsten Carbide, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

17. Global Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

18. Global Coated, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

19. Global Non-Coated, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

20. Global Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

21. Global Construction, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

22. Global Automotive, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

23. Global Aerospace, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

24. Global Electronics and Electrical, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

25. Global Mining, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

26. Global Metal Fabrication, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

27. Global Oil and Gas, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

28. Global Others, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

29. Global Carbide Tools Market, By Region, 2019-2030 (USD Billion)

30. North America Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

31. North America Carbide Tools Market, By Product, 2019-2030 (USD Billion)

32. North America Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

33. North America Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

34. North America Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

35. U.S. Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

36. U.S. Carbide Tools Market, By Product, 2019-2030 (USD Billion)

37. U.S. Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

38. U.S. Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

39. U.S. Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

40. Canada Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

41. Canada Carbide Tools Market, By Product, 2019-2030 (USD Billion)

42. Canada Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

43. Canada Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

44. Canada Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

45. Mexico Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

46. Mexico Carbide Tools Market, By Product, 2019-2030 (USD Billion)

47. Mexico Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

48. Mexico Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

49. Mexico Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

50. Europe Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

51. Europe Carbide Tools Market, By Product, 2019-2030 (USD Billion)

52. Europe Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

53. Europe Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

54. Europe Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

55. Germany Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

56. Germany Carbide Tools Market, By Product, 2019-2030 (USD Billion)

57. Germany Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

58. Germany Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

59. Germany Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

60. France Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

61. France Carbide Tools Market, By Product, 2019-2030 (USD Billion)

62. France Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

63. France Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

64. France Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

65. U.K. Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

66. U.K. Carbide Tools Market, By Product, 2019-2030 (USD Billion)

67. U.K. Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

68. U.K. Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

69. U.K. Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

70. Italy Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

71. Italy Carbide Tools Market, By Product, 2019-2030 (USD Billion)

72. Italy Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

73. Italy Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

74. Italy Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

75. Spain Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

76. Spain Carbide Tools Market, By Product, 2019-2030 (USD Billion)

77. Spain Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

78. Spain Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

79. Spain Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

80. Asia Pacific Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

81. Asia Pacific Carbide Tools Market, By Product, 2019-2030 (USD Billion)

82. Asia Pacific Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

83. Asia Pacific Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

84. Asia Pacific Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

85. Japan Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

86. Japan Carbide Tools Market, By Product, 2019-2030 (USD Billion)

87. Japan Carbide Tools Market, By Material Type 2019-2030 (USD Billion)

88. Japan Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

89. Japan Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

90. China Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

91. China Carbide Tools Market, By Product, 2019-2030 (USD Billion)

92. China Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

93. China Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

94. China Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

95. India Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

96. India Carbide Tools Market, By Product, 2019-2030 (USD Billion)

97. India Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

98. India Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

99. India Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

100. South America Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

101. South America Carbide Tools Market, By Product, 2019-2030 (USD Billion)

102. South America Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

103. South America Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

104. South America Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

105. Brazil Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

106. Brazil Carbide Tools Market, By Product, 2019-2030 (USD Billion)

107. Brazil Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

108. Brazil Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

109. Brazil Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

110. Middle East and Africa Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

111. Middle East and Africa Carbide Tools Market, By Product, 2019-2030 (USD Billion)

112. Middle East and Africa Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

113. Middle East and Africa Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

114. Middle East and Africa Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

115. UAE Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

116. UAE Carbide Tools Market, By Product, 2019-2030 (USD Billion)

117. UAE Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

118. UAE Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

119. UAE Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

120. South Africa Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion)

121. South Africa Carbide Tools Market, By Product, 2019-2030 (USD Billion)

122. South Africa Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

123. South Africa Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

124. South Africa Carbide Tools Market, By End-user, 2019-2030 (USD Billion)

List of Figures

1. Global Carbide Tools Market Segmentation

2. Carbide Tools 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 Carbide Tools Market Attractiveness Analysis By Operating Mode

9. Global Carbide Tools Market Attractiveness Analysis By Product

10. Global Carbide Tools Market Attractiveness Analysis By Material Type

11. Global Carbide Tools Market Attractiveness Analysis By Coating

12. Global Carbide Tools Market Attractiveness Analysis By End-user

13. Global Carbide Tools Market Attractiveness Analysis By Region

14. Global Carbide Tools Market: Dynamics

15. Global Carbide Tools Market Share by Operating Mode (2022 & 2030)

16. Global Carbide Tools Market Share by Product (2022 & 2030)

17. Global Carbide Tools Market Share by Material Type (2022 & 2030)

18. Global Carbide Tools Market Share by Coating (2022 & 2030)

19. Global Carbide Tools Market Share by End-user (2022 & 2030)

20. Global Carbide Tools Market Share by Regions (2022 & 2030)

21. Global Carbide Tools 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 carbide tools market based on below mentioned segments:

Global Carbide Tools Market by Operating Mode:

Manual
Automatic

Global Carbide Tools Market by Product:

Milling Tools
Drilling Tools
Turning Tools
Reamers
Taps and Dies
Others

Global Carbide Tools Market by Material Type:

Calcium Carbide
Aluminum Carbide
Silicon Carbide
Iron Carbide
Tungsten Carbide

Global Carbide Tools Market by Coating:

Coated
Non-Coated

Global Carbide Tools Market by End-user:

Construction
Automotive
Aerospace
Electronics and Electrical
Mining
Metal Fabrication
Oil and Gas
Others

Global Carbide Tools Market 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.

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ProactiveWe manage our resources 24/7 to identify issues and address them before they become problems

Quality & ReliabilityWe are committed to providing reliable and highly accurate data with an excellent quality control system

Global Outreach6 Major regions and 40+ countries level analysis accomplished

Competitive PricingOur pricing strategy is highly competitive in the market, without compensating on the quality and the timeline of project delivery

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