Fluid Transfer System Market

Fluid Transfer System Market Size by Product Type (Air Suspension Lines, Fuel Lines, Brake Lines, AC Lines, Diesel Particulate Filter (DPF) Lines, Selective Catalytic Reduction (SCR) Lines, and Others), By Battery Cooling Application (BEV, PHEV, and Mild hybrid), Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-13077
  • Published Date: Nov, 2022
  • Pages: 235
  • Category: Automotive & Transportation
  • Format: PDF
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The fluid transfer system market was estimated at around USD 17.5 billion in 2021, growing at a CAGR of nearly 4.1% during 2022-2030. The market is projected to reach approximately USD 25 billion by 2030.

Fluid Transfer System Market: Overview

The efficient and secure loading and offloading capabilities of the fluid transfer systems are applicable to both onshore and offshore applications. Flexible pipes are used in this system to transport crude oil and other kinds of substances into sophisticated applications that comprise tools for setting up, handling, and removing flexible pipes as well as utility and control equipment. There are various regional, national, and international organic and inorganic growth strategies in the fluid transfer systems market. The market for fluid transfer systems is also being driven by the trend toward lighter cars. The worldwide automobile sector is seeing a growth in lightweight car materials. The market is expanding because to the rising global demand for lightweight automobiles. Lightweight materials are frequently employed to enhance the vehicle's overall performance and protection.

The rising use of SCRs (selective catalytic reduction), which operate by pumping a urea-based reduction agent through a catalyst into a diesel engine's exhaust system to minimize emissions. The market is expanding due to the rising demand for luxury cars from both developing and developed countries. Electric car usage and adoption are growing, which is supporting the market.

Fluid Transfer System Market Size

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Fluid transfer system Market: COVID – 19 Impact Analysis

Despite the fact that numerous OEMs have resumed manufacturing, the market for fluid transfer systems saw a sharp decline in 2020. Several automakers are continuing focusing on improvements in various fluid transfer system technologies despite the COVID-19 decree stopping the production of ICE vehicles. Additionally, a number of collaborations and supply agreements have been created as a result of the stability in the global automotive industry, which is optimistic for the fluid transfer system market in the approaching years.

The rising popularity of electric vehicles is anticipated to have a favorable effect on the fluid transfer system business post pandemic. The rising focus on electric and hybrid vehicles as a result of tighter emission regulations and higher fuel economy standards is anticipated to have a sizable effect on the worldwide fluid transfer system market.

Fluid Transfer System Market: Growth Drivers

Engine downsizing and advance engine to accelerate the market’s growth

By 2030, the International Energy Agency (IEA) wants to cut world emissions on average by 50%. A approach that gives hope for reducing the emissions and fuel consumption of internal combustion engines is engine downsizing. Because of the increased emphasis on fuel efficiency and the implementation of strict pollution standards in the automotive industry, smaller engines with equal or greater power have replaced larger ones. Through the use of variable valve timing (VVT), direct fuel injection, and sophisticated exhaust gas recirculation, engine downsizing improves performance (EGR). Therefore, a small, light, and highly sophisticated fluid transfer system is needed for thermal control in the updated and downsized engines. Demand would be driven by new engine technology utilized to reduce emissions, particularly for the DPF and SCR lines in the fluid transfer system. The introduction of emission standards like Euro 6 and China 6a and 6b is anticipated to increase demand for smaller engines. For instance, thanks to Euro 6, the amount of NOx emitted by diesel vehicles has decreased from 180 mg/km to merely 80 mg/km. Compact engines therefore demand more air and fluid processing. During the projection period, this will contribute to increasing demand for innovative fluid transfer systems.

Trend toward lighter vehicles

The market for fluid transfer systems is also being driven by the trend toward lighter cars. The worldwide automobile sector is seeing a growth in lightweight car materials. The market is expanding because to the rising global demand for lightweight automobiles. Lightweight materials are frequently employed to enhance the vehicle's overall performance and protection. To boost fuel efficiency while maintaining performance and safety, modern cars need cutting-edge materials. Lightweight materials have enormous promise for increasing vehicle efficiency since accelerating a lighter object uses less energy than accelerating a heavy one. With a 10% reduction in vehicle weight, fuel economy can rise by 6% to 8%. Cars can carry more advanced safety gear, electronic systems, and pollution control equipment owning to the use of lightweight structural materials that don't add to the vehicle's overall weight. Despite the fact that lightweight materials can be used in any vehicle, electric, plug-in hybrid, and hybrid vehicles rely on them the most. The use of lightweight components in vehicles can reduce the weight of the electric motors and batteries, improving efficiency and extending the all-electric range.

Fluid Transfer System Market: Segmentation Analysis

The fluid transfer system market is segmented into the product type, and battery cooling application. Based on product type, the market for air suspension lines segment is estimated to lead the market during the forecast period. Instead of the conventional metal springs operated by an air pump or compressor, air suspension uses compressed air to suspend the car. The manufacture of air suspension lines uses thermoplastic materials. The materials are thermoformed to reduce losses because air leaks in suspension lines are a possibility. Air suspensions are in high demand and are appropriate for large vehicles like trucks and buses because they have various advantages over spring coils.

By battery cooling application, the BEV (battery electric vehicles) segment is anticipated to dominant the fluid transfer system market during the forecast period. Since BEVs only have an electric motor and rely only on their battery pack for electricity, they always provide zero-emission driving. Attractive government initiatives and incentives for zero-emission automobiles all over the world also promote this demand.

Report Scope

Attribute Description
Base Year 2021
Forecast period 2022-2030
Report Coverage Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends
Regional scope North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Market Size(unit) USD Billion
Fluid transfer system Market CAGR 4.1%
Segments Covered

By Product Type
By Battery Cooling Application

Key Insights:

  • Based on product type segmentation, the air suspension lines segment is estimated to hold the largest market share during the forecast period.
  • Based on battery cooling application segmentation, the BEV (battery electric vehicles) segment is the leading revenue-generating category during the forecast period.
  • On the basis of geography/region, the Asia Pacific region was the leading revenue generator in 2021.

Recent Development

  • May 2020: Coupling & Accessories Inc., a US-based manufacturer of line connections and fittings, was acquired by Puck Enterprises, a firm that makes liquid transfer equipment. With the acquisition, Puck Enterprises now has the capacity to create even more cutting-edge solutions and supply a wider range of products to its customers in the liquid transfer sector. Additionally, the acquisition grants BullDog Hose Company, a subsidiary of Puck Enterprises, better control over its product portfolio.
  • July 2019: Merlett Group's flexible hose division was acquired by CONTITECH. The result of this arrangement allowed the corporation to expand its material division in terms of high-performance thermoplastics technologies.

Regional Landscape

Throughout the projection period, Asia-Pacific is expected to continue to be one of the most alluring marketplaces, and it generates the majority of the market's revenue. The Fluid Transfer System Market is dominated by the Asia Pacific, where forthcoming emission standards are one of the key driving forces. For instance, China put China 6a into effect in January 2021 and intends to put 6b into effect in 2023. In a similar vein, India adopted BS VI standards in 2020. The desire for premium vehicles has also grown significantly at the same period. The demand for automobiles has increased, especially for high-end passenger cars and SUVs, which has intensified the need for luxurious interiors and improved air conditioning and suspension systems.

List of the prominent players in the Global Fluid transfer system market:

  • Cooper Standard
  • Kongsberg Automotive
  • Akwel
  • Gates Corporation
  • Hutchinson
  • Continental AG
  • Tristone
  • Castello Italia
  • Lander Automotive
  • TI fluid systems

The global Fluid transfer system market is segmented as follows:

By Product Type

  • Air Suspension Lines
  • Fuel Lines
  • Brake Lines
  • AC Lines
  • Diesel Particulate Filter (DPF) Lines
  • Selective Catalytic Reduction (SCR) Lines
  • Others

By Battery Cooling Application

  • BEV
  • PHEV
  • Mild hybrid

By Region/Geography

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of the Middle East & Africa
  • Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope

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 Product Type
          4.3.2. Market Attractiveness Analysis By Battery Cooling Application
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Engine downsizing and advance engine to accelerate the market’s growth
          5.2.2. Trend toward lighter vehicles
    5.3. Restrains
          5.3.1. Rising popularity of electrical vehicle would hamper the market
    5.4. Opportunities
          5.4.1. Growing demand for lightweight vehicle

6. Global Fluid Transfer System Market Analysis and Forecast, By Product Type
    6.1. Segment Overview
    6.2. Air Suspension Lines
    6.3. Fuel Lines
    6.4. Brake Lines
    6.5. AC Lines
    6.6. Diesel Particulate Filter (DPF) Lines
    6.7. Selective Catalytic Reduction (SCR) Lines
    6.8. Others

7. Global Fluid Transfer System Market Analysis and Forecast, By Battery Cooling Application
    7.1. Segment Overview
    7.2. BEV
    7.3. PHEV
    7.4. Mild hybrid

8. Global Fluid Transfer System Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
          8.3.6. Rest of Europe
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
          8.4.4. Australia
          8.4.5. South Korea
          8.4.6. Rest of Asia-Pacific
    8.5. South America
          8.5.1. Brazil
          8.5.2. Argentina
          8.5.3. Rest of South America
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa
          8.6.3. Egypt
          8.6.4. Kuwait
          8.6.5. Saudi Arabia
          8.6.6. Rest of Middle East & Africa

9. Global Fluid Transfer System Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in the Fluid Transfer System market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Type Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. Cooper Standard
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Battery Cooling Application Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Kongsberg Automotive
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Battery Cooling Application Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Akwel
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Battery Cooling Application Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Gates Corporation
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Battery Cooling Application Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Hutchinson
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Battery Cooling Application Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Continental AG
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Battery Cooling Application Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Tristone
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Battery Cooling Application Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Castello Italia
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Battery Cooling Application Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Lander Automotive
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Battery Cooling Application Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. TI fluid systems
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Battery Cooling Application Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
 

List of Table

1. Global Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

2. Global Air Suspension Lines Fluid Transfer System Market, By Region, 2022-2030(USD Billion) 

3. Global Fuel Lines Fluid Transfer System Market, By Region, 2022-2030(USD Billion) 

4. Global Brake Lines Fluid Transfer System Market, By Region, 2022-2030(USD Billion) 

5. Global AC Lines Fluid Transfer System Market, By Region, 2022-2030(USD Billion) 

6. Global Diesel Particulate Filter (DPF) Lines Fluid Transfer System Market, By Region, 2022-2030(USD Billion) 

7. Global Selective Catalytic Reduction (SCR) Lines Fluid Transfer System Market, By Region, 2022-2030(USD Billion) 

8. Global Others Fluid Transfer System Market, By Region, 2022-2030(USD Billion) 

9. Global Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

10. Global BEV Fluid Transfer System Market, By Region, 2022-2030(USD Billion) 

11. Global PHEV Fluid Transfer System Market, By Region, 2022-2030(USD Billion) 

12. Global Mild Hybrid Fluid Transfer System Market, By Region, 2022-2030(USD Billion)  

13. Global Fluid Transfer System Market, By Region, 2022-2030(USD Billion) 

14. Global Fluid Transfer System Market, By North America, 2022-2030(USD Billion) 

15. North America Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

16. North America Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

17. U.S. Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

18. U.S. Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion)  

19. Canada Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

20. Canada Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

21. Mexico Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

22. Mexico Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

23. Europe Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

24. Europe Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

25. Germany Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

26. Germany Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

27. France Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

28. France Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

29. U.K. Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

30. U.K. Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion)  

31. Italy Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

32. Italy Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

33. Spain Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

34. Spain Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion)

35. Rest of Europe Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

36. Rest of Europe Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion)

37. Asia Pacific Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

38. Asia Pacific Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

39. Japan Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

40. Japan Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

41. China Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

42. China Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

43. India Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

44. India Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

45. Australia Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

46. Australia Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

47. South Korea Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

48. South Korea Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

49. Rest of Asia-Pacific Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

50. Rest of Asia-Pacific Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

51. South America Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

52. South America Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion)  

53. Brazil Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

54. Brazil Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

55. Argentina Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

56. Argentina Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

57. Rest of Latin America Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

58. Rest of Latin America Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

59. Middle East and Africa Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

60. Middle East and Africa Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

61. UAE Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

62. UAE Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

63. South Africa Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

64. South Africa Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

65. Egypt Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

66. Egypt Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

67. Kuwait Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

68. Kuwait Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

69. Saudi Arabia Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

70. Saudi Arabia Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

71. Rest of Middle East Fluid Transfer System Market, By Product Type, 2022-2030(USD Billion) 

72. Rest of Middle East Fluid Transfer System Market, By Battery Cooling Application, 2022-2030(USD Billion) 

List of Figures 

1. Global Fluid Transfer System Market Segmentation

2. Fluid Transfer System 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 Fluid Transfer System Market Attractiveness Analysis By Product Type

9. Global Fluid Transfer System Market Attractiveness Analysis By Battery Cooling Application

10. Global Fluid Transfer System Market Attractiveness Analysis By Region

11. Global Fluid Transfer System Market: Dynamics

12. Global Fluid Transfer System Market Share By Product Type(2022 & 2030)

13. Global Fluid Transfer System Market Share By Battery Cooling Application(2022 & 2030)

14. Global Fluid Transfer System Market Share by Regions (2022 & 2030)

15. Global Fluid Transfer System Market Share by Company (2021)

By Product Type

  • Air Suspension Lines
  • Fuel Lines
  • Brake Lines
  • AC Lines
  • Diesel Particulate Filter (DPF) Lines
  • Selective Catalytic Reduction (SCR) Lines
  • Others

By Battery Cooling Application

  • BEV
  • PHEV
  • Mild hybrid

By Region/Geography

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of the Middle East & Africa
  • Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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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