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Construction Equipment Market

Construction Equipment Market Trends & Growth Analysis – Latest Insights

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-13612
  • Published Date: Sep, 2024
  • Pages: 238
  • Category: Machinery & Equipment
  • Format: PDF
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Market Dynamics

Drivers

Rising Demand for Construction Equipment in Mining Activities- The mining activities in developing and developed regions worldwide are growing in the present scenario. Increasing demand for construction equipment in mining activities is the primary factor influencing market growth and development. There existed stable economic growth in developed and developing nations, so there has been a strong demand for minerals, including gold, silver, copper, iron, aluminum and other minerals and metals. This factor has augmented the demand for construction equipment across the globe. Furthermore, the growing demand for excavators in the oil and gas and construction industries is predicted to grow surface mining equipment significantly. The mining industry has grown substantially due to the increased application of compact excavators. Furthermore, product development and research and development (R&D) operations are prospered by leading mining equipment manufacturers for underground mining applications. Thus, these factors are escalating the market growth.

Restraints

High Ownership Costs Associated- The most significant aspect of the construction equipment ownership costs is the initial capital investment required to purchase the machinery. Bulldozers, excavators, and other types of machinery are considered high-value assets that frequently necessitate a significant capital outlay. This upfront expense might be a substantial disincentive for small and medium-sized construction enterprises or contractors with limited financials. As a result, they may choose alternatives such as leasing or renting equipment, which may not always be the most feasible option in the long-term scenario. Regular maintenance is required for construction equipment to guarantee optimal performance and lifetime. Maintenance expenditures include:

  • Routine service.
  • The replacement of worn-out parts.
  • The resolution of mechanical or electrical problems that may emerge during operation.

These costs can be significant, particularly for complicated and sophisticated machinery. Furthermore, unexpected construction equipment breakdowns can lead to downtime, delaying project completion and increasing operational costs.  

Opportunities

Technological Advancements- In the present scenario, technology has become essential for organizations engaged in the construction industry as automation is continuously gaining momentum. Key players are focusing on decreasing operational costs along with equipment maintenance upkeep. Furthermore, the industry has witnessed a big-scale adoption and implementation of several technological advancements, including smart sensors, robotics & automation, and other technologies to enhance operational effectiveness. For instance, in January 2019, ABB Ltd. launched the Ability Smart Sensor for assessing the condition of mounted bearings to prevent downtime in mining during material handling. The demand for environmentally friendly equipment owing to sustainability is anticipated to rise exponentially. There is a persistent shift to renewable energy, which has increased the demand for minerals and thereby increased mining activities. This state of affairs has enabled companies to bolster their commercial enterprise to offer extra-effective devices with a minor environmental impact. For instance, the advanced control technologies in the Autonomous Haulage System (AHS) of Komatsu Ltd. reduce fuel consumption, tire wear and emission. Thus these factors are anticipated to provide lucrative growth opportunities in the forthcoming years.

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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 Type
          4.3.2. Market Attractiveness Analysis by Application
          4.3.3. Market Attractiveness Analysis by Distribution Channel
          4.3.4. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rising Demand for Construction Equipment in Mining Activities
    5.3. Restraints
          5.3.1. Lack of Skilled Workforce
    5.4. Opportunities
          5.4.1. Technological Advancements

6. Global Construction Equipment Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Earth Moving Machinery
    6.3. Material Handling Machinery
    6.4. Concrete & Road Construction Machinery
    6.5. Others

7. Global Construction Equipment Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Industrial
    7.3. Residential
    7.4. Commercial

8. Global Construction Equipment Market Analysis and Forecast, By Distribution Channel
    8.1. Segment Overview
    8.2. OEM
    8.3. Aftermarket

9. Global Construction Equipment Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
          9.4.4. South Korea
          9.4.5. Australia
    9.5. South America
          9.5.1. Brazil
          9.5.2. Argentina
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa
          9.6.3. Saudi Arabia

10. Global Construction Equipment Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Construction Equipment Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Type Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. AB Volvo
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Type Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Deere & Company
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Type Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Komatsu Ltd.
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Type Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Hitachi Construction Machinery Co. Ltd.
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Type Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Sany Group
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Type Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. XCMG
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Type Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. JCB
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Type Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Liebherr Group
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Type Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Zoomlion Heavy Industry Science & Technology Co. Ltd.
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Type Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Doosan Infracore Co. Ltd.
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Type Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. Caterpillar Inc.
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Type Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. Terex Corporation
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Type Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis
    11.13. CNH Industrial
          11.13.1. Business Overview
          11.13.2. Company Snapshot
          11.13.3. Company Market Share Analysis
          11.13.4. Company Type Portfolio
          11.13.5. Recent Developments
          11.13.6. SWOT Analysis
    11.14. Kobelco Construction Machinery Co.
          11.14.1. Business Overview
          11.14.2. Company Snapshot
          11.14.3. Company Market Share Analysis
          11.14.4. Company Type Portfolio
          11.14.5. Recent Developments
          11.14.6. SWOT Analysis

List of Table

1. Global Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

2. Global Earth Moving Machinery Construction Equipment Market, By Region, 2020-2033 (USD Billion) 

3. Global Material Handling Machinery Construction Equipment Market, By Region, 2020-2033 (USD Billion) 

4. Global Concrete & Road Construction Machinery Construction Equipment Market, By Region, 2020-2033 (USD Billion) 

5. Global Others Construction Equipment Market, By Region, 2020-2033 (USD Billion) 

6. Global Construction Equipment Market, By Application, 2020-2033 (USD Billion) 

7. Global Industrial Construction Equipment Market, By Region, 2020-2033 (USD Billion) 

8. Global Residential Construction Equipment Market, By Region, 2020-2033 (USD Billion)

9. Global Commercial Construction Equipment Market, By Region, 2020-2033 (USD Billion)

10. Global Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

11. Global OEM Construction Equipment Market, By Region, 2020-2033 (USD Billion) 

12. Global Aftermarket Construction Equipment Market, By Region, 2020-2033 (USD Billion) 

13. Global Construction Equipment Market, By Region, 2020-2033 (USD Billion) 

14. North America Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

15. North America Construction Equipment Market, By Application, 2020-2033 (USD Billion)

16. North America Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

17. U.S. Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

18. U.S. Construction Equipment Market, By Application, 2020-2033 (USD Billion)

19. U.S. Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

20. Canada Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

21. Canada Construction Equipment Market, By Application, 2020-2033 (USD Billion)

22. Canada Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

23. Mexico Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

24. Mexico Construction Equipment Market, By Application, 2020-2033 (USD Billion)

25. Mexico Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

26. Europe Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

27. Europe Construction Equipment Market, By Application, 2020-2033 (USD Billion)

28. Europe Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

29. Germany Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

30. Germany Construction Equipment Market, By Application, 2020-2033 (USD Billion)

31. Germany Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

32. France Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

33. France Construction Equipment Market, By Application, 2020-2033 (USD Billion)

34. France Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

35. U.K. Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

36. U.K. Construction Equipment Market, By Application, 2020-2033 (USD Billion)

37. U.K. Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

38. Italy Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

39. Italy Construction Equipment Market, By Application, 2020-2033 (USD Billion)

40. Italy Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

41. Italy Construction Equipment Market, By Application, 2020-2033 (USD Billion)

42. Spain Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

43. Spain Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

44. Spain Construction Equipment Market, By Application, 2020-2033 (USD Billion)

45. Asia Pacific Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

46. Asia Pacific Construction Equipment Market, By Application, 2020-2033 (USD Billion)

47. Asia Pacific Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

48. Japan Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

49. Japan Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

50. Japan Construction Equipment Market, By Application, 2020-2033 (USD Billion)

51. China Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

52. China Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

53. China Construction Equipment Market, By Application, 2020-2033 (USD Billion)

54. India Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

55. India Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

56. India Construction Equipment Market, By Application, 2020-2033 (USD Billion)

57. South Korea Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

58. South Korea Construction Equipment Market, By Application, 2020-2033 (USD Billion)

59. South Korea Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion)

60. Australia Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

61. Australia Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion)

62. Australia Construction Equipment Market, By Application, 2020-2033 (USD Billion)

63. South America Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

64. South America Construction Equipment Market, By Application, 2020-2033 (USD Billion)

65. South America Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

66. Brazil Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

67. Brazil Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

68. Brazil Construction Equipment Market, By Application, 2020-2033 (USD Billion)

69. Argentina Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

70. Argentina Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion)

71. Argentina Construction Equipment Market, By Application, 2020-2033 (USD Billion)

72. Middle East and Africa Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

73. Middle East and Africa Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

74. Middle East and Africa Construction Equipment Market, By Application, 2020-2033 (USD Billion)

75. UAE Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

76. UAE Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

77. UAE Construction Equipment Market, By Application, 2020-2033 (USD Billion)

78. South Africa Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

79. South Africa Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion) 

80. South Africa Construction Equipment Market, By Application, 2020-2033 (USD Billion)

81. Saudi Arabia Construction Equipment Market, By Type, 2020-2033 (USD Billion) 

82. Saudi Arabia Construction Equipment Market, By Distribution Channel, 2020-2033 (USD Billion)

83. Saudi Arabia Construction Equipment Market, By Application, 2020-2033 (USD Billion)

List of Figures 

1. Global Construction Equipment Market Segmentation

2. Construction Equipment 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 Construction Equipment Market Attractiveness Analysis by Type 

9. Global Construction Equipment Market Attractiveness Analysis by Application 

10. Global Construction Equipment Market Attractiveness Analysis by Distribution Channel

11. Global Construction Equipment Market Attractiveness Analysis by Region

12. Global Construction Equipment Market: Dynamics

13. Global Construction Equipment Market Share By Type (2023 & 2033)

14. Global Construction Equipment Market Share by Application (2023 & 2033)

15. Global Construction Equipment Market Share by Distribution Channel (2023 & 2033)

16. Global Construction Equipment Market Share by Regions (2023 & 2033)

17. Global Construction Equipment Market Share by Company (2023)

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global construction equipment market based on below mentioned segments:

Global Construction Equipment Market by Type:

  • Earth Moving Machinery
  • Material Handling Machinery
  • Concrete & Road Construction Machinery
  • Others

Global Construction Equipment Market by Application:

  • Residential
  • Commercial
  • Industrial

Global Construction Equipment Market by Distribution Channel:

  • OEM
  • Aftermarket

Global Construction Equipment 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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