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Slaughtering Equipment Market

Slaughtering Equipment Market Size By Product Type (Killing, Stunning, Cut-up, Evisceration, Deboning & Skinning), Livestock (Swine, Poultry, Bovine, Seafood), Automation (Fully Automated, Semi-automated), Regions, Global Industry Analysis, By End-user, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12908
  • Published Date: Sep, 2022
  • Pages: 239
  • Category: Food & Beverages
  • Format: PDF
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The global slaughtering equipment market is expected to reach USD 12.09 billion by 2030, at a CAGR of 5.3% from 2022 to 2030. The need for slaughtering equipment has been increasing owing to the increasing demand for processed and hygienic meat. Furthermore, the growing export of meat also propels the market's growth during the forecast period.

Market Overview:

Animal slaughter is the process of killing domestic livestock for food purposes. In many cases, they are also killed when they suffer from any deadly disease or are unsuitable for consumption. The machines and equipment used for killing livestock are called slaughtering equipment. There are several types of slaughtering equipment depending upon the purpose. Some of the uses of slaughtering equipment include killing, stunning, cut-up, evisceration, deboning & skinning. Furthermore, the slaughtering equipment improves the quality of the end product along with its appearance and marketability. Clean and hygienic items are received when the meat is cut using slaughtering equipment. The tremendous increase of fast-food and restaurant chains, increasing demand for processed food, technological advancements in automation, and lax trade regulations related to meat export drive the market's growth. Moreover, the growing partnership between meat processing firms and slaughtering equipment manufacturers is expected to provide lucrative growth opportunities for the market. These machines can enable more precise and faster cutting of meat to meet the rising demand for meat and meat-based products.

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Market Dynamics

Drivers:
  • Increasing awareness about the importance of meat

The increasing awareness about the importance of consuming food rich in high protein is boosting the demand for protein-rich foods such as duck, chicken, seafood, etc. The increasing sale of meat and protein-rich food such as duck, chicken, and seafood increases the demand for slaughtering equipment. Furthermore, the easy availability of protein-rich food such as chicken also increases the need for slaughtering equipment. Additionally, increasing demand for organic meat also propels the market's growth.

Restraints:
  • Shifting preference for vegetarian food

These days people are animal conscious and are changing their food habits. The increasing preference for vegetarian and vegan food is expected to restrain the market's growth. Furthermore, the growing health hazards due to the over-consumption of meat hinder the market's growth. Moreover, consumers' lack of awareness regarding the slaughtering equipment to cut meat over conventionally-cut meat are factors expected to hamper the market's growth.

Opportunities:
  • Technological advancements

Rapid technological advancements in various slaughtering equipment machinery, including chicken pluckers and meat mincers, are expected to provide lucrative growth opportunities for the market. Furthermore, the improvements in automated slaughter machines and equipment, sterilization equipment, standard fillet size, and identical cut-up size are likely to fuel the growth of the slaughtering equipment market during the forecast period. Moreover, the upgradation of slaughterhouses with advanced slaughtering equipment will help boost the market growth over the forecast period.

Challenges:
  • Stringent government regulations

Stringent regulations regarding slaughtering equipment are expected to challenge the market's growth. There are also stringent regulations on commercializing slaughtering equipment and its illegal use. In several countries, killing some domestic animals is banned, which also challenges the market's growth. Trade regulations for importing and exporting slaughtering equipment also affect the market's growth.

Segmentation Analysis:

The global slaughtering equipment market has been segmented based on product type, livestock, automation, and region.

  • The product type segment is divided into killing, stunning, cut-up, evisceration, deboning & skinning. The killing segment dominated the market, with a market share of around 27% in 2021. Killing is the first and most common step for livestock slaughtering, which drives the segment's growth.
  • The livestock segment is divided into swine, poultry, bovine, and seafood. Over the forecast period, the poultry segment is expected to grow at the fastest CAGR of 6.1%. The increasing consumption of poultry animals, such as chickens, quail, turkeys, ducks, geese, etc., globally drives the segment's growth. The growing demand for poultry items has increased the demand for slaughtering equipment such as killing, cut-up, deboning & skinning, and evisceration equipment.
  • The automation segment is divided into fully automated and semi-automated. In 2021, the semi-automated segment dominated the market, accounting for around 73% of global revenue. Semi-automated slaughtering equipment enables faster cutting and accuracy, enhances quality, offers hygienic products, and improves the marketability of the products, which drives the market's growth in the segment. Furthermore, semi-automated slaughtering equipment is cheaper when compared to automated slaughtering equipment.
Regional Segmentation Analysis:

The regions analyzed for the slaughtering equipment market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global slaughtering equipment market, with a 33% market revenue share in 2021.

North America currently dominates slaughtering equipment with a 33% market revenue share in 2021. The market's growth in this region can be attributed to the increasing demand for processed meat and well-established food retail chains. Furthermore, the growing demand for high protein food in the colder countries of the region propels the market's growth. The ever-increasing urbanization and growth of fast food chains add impetus to the market's growth. Various market players in the region have innovated various slaughtering equipment such as deboning & skinning and stunners equipment.

North America Region Slaughtering Equipment Market Share in 2021 - 33%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new Industries, product innovations, mergers & acquisitions, joint ventures, alliances, and partnerships to improve their market position in the global slaughtering equipment market.

List of Key Market Players:

  • BADDER Group
  • Dhopeshwar Engineering Private Limited
  • Jarvis Equipment
  • Meatek Food Machineries
  • Riopel Industries
  • Brower Equipment
  • Marel
  • Best & Donovan
  • Blasau
  • Prime Equipment Group

Key Target Audience

  • Market Players
  • Investors
  • End-Users
  • Government Authorities
  • Consulting And Research Firm
  • Venture capitalists
  • Third-party knowledge providers
  • Value-Added Resellers (VARs)

Report Description:

  • Global Slaughtering Equipment Market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered the base year of the report. 2019 and 2020 are considered as the historic years and 2022 to 2030 are the forecast years. The global slaughtering equipment market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each of the segments, regions, and countries catering to the global slaughtering equipment market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of slaughtering equipment based on product type, livestock, automation, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to the global slaughtering equipment market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers a detailed study for the company profiles of key organizations operating in the global slaughtering equipment market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of porter’s five forces analysis coupled with SWOT analysis to provide business-related data and information. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company's growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market-related driving factors, growth limitations (restraints), potential industry opportunities, significant trends, and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market-related i.e., global slaughtering equipment market) are covered to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the slaughtering equipment market was valued at USD 7.6 billion in 2021 to USD 12.09 billion by 2030.

The global slaughtering equipment market is growing at a CAGR of 5.3% during the forecast period 2022-2030.

The North America emerged as the largest market for slaughtering equipment.

Shifting preference for vegetarian food could hamper the market growth.

Technological advancements will provide considerable opportunities to the market.

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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
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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 Product Type
          4.3.2. Market Attractiveness Analysis By Livestock
          4.3.3. Market Attractiveness Analysis By Automation
          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. Increasing awareness about the importance of meat
    5.3. Restraints
          5.3.1. Shifting preference for vegetarian food
    5.4. Opportunities
          5.4.1. Technological advancements
    5.5. Challenges
          5.5.1. Stringent government regulations

6. Global Slaughtering Equipment Market Analysis and Forecast, By Product Type
    6.1. Segment Overview
    6.2. Killing
    6.3. Stunning
    6.4. Cut-up
    6.5. Evisceration
    6.6. Deboning & Skinning

7. Global Slaughtering Equipment Market Analysis and Forecast, By Livestock
    7.1. Segment Overview
    7.2. Swine
    7.3. Poultry
    7.4. Bovine
    7.5. Seafood

8. Global Slaughtering Equipment Market Analysis and Forecast, By Automation
    8.1. Segment Overview
    8.2. Fully Automated
    8.3. Semi-automated

9. Global Slaughtering 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
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Slaughtering Equipment Market-Competitive Landscape
    10.1. Overview
          10.1.1. Market Share of Key Players in the Slaughtering Equipment Market
          10.1.2. Global Company Market Share
          10.1.3. North America Company Market Share
          10.1.4. Europe Company Market Share
          10.1.5. APAC Company Market Share
    10.2. Competitive Situations and Trends
          10.2.1. Product Launches and Developments
          10.2.2. Partnerships, Collaborations, and Agreements
          10.2.3. Mergers & Acquisitions
          10.2.4. Expansions

11. Company Profiles
    11.1. BADDER Group
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Component Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Dhopeshwar Engineering Private Limited
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Component Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Jarvis Equipment
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Component Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Meatek Food Machineries
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Component Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Riopel Industries
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Component Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Brower Equipment
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Component Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Marel
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Component Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Best & Donovan
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Component Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Blasau
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Component Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Prime Equipment Group
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Component Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
 

List of Table

1. Global Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

2. Global Killing Slaughtering Equipment Market, By Region, 2019-2030 (USD Billion) 

3. Global Stunning Slaughtering Equipment Market, By Region, 2019-2030 (USD Billion)

4. Global Cut-Up Slaughtering Equipment Market, By Region, 2019-2030 (USD Billion)

5. Global Evisceration Slaughtering Equipment Market, By Region, 2019-2030 (USD Billion)

6. Global Deboning & Skinning Slaughtering Equipment Market, By Region, 2019-2030 (USD Billion)

7. Global Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

8. Global Swine Slaughtering Equipment Market, By Region, 2019-2030 (USD Billion) 

9. Global Poultry Slaughtering Equipment Market, By Region, 2019-2030 (USD Billion)

10. Global Bovine Slaughtering Equipment Market, By Region, 2019-2030 (USD Billion)

11. Global Seafood Slaughtering Equipment Market, By Region, 2019-2030 (USD Billion)

12. Global Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

13. Global Fully Automated Slaughtering Equipment Market, By Region, 2019-2030 (USD Billion) 

14. Global Semi-Automated Slaughtering Equipment Market, By Region, 2019-2030 (USD Billion)

15. Global  Slaughtering Equipment Market, By Region, 2019-2030 (USD Billion)

16. North America Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

17. North America Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

18. North America Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

19. U.S. Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

20. U.S. Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

21. U.S. Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

22. Canada Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

23. Canada Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

24. Canada Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

25. Mexico Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

26. Mexico Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

27. Mexico Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

28. Europe Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

29. Europe Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

30. Europe Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

31. Germany Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

32. Germany Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

33. Germany Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

34. France Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

35. France Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

36. France Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

37. U.K. Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

38. U.K. Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

39. U.K. Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

40. Italy Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

41. Italy Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

42. Italy Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

43. Spain Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

44. Spain Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

45. Spain Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

46. Asia Pacific Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

47. Asia Pacific Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

48. Asia Pacific Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

49. Japan Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

50. Japan Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

51. Japan Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

52. China Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

53. China Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

54. China Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

55. India Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

56. India Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

57. India Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

58. South America Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

59. South America Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

60. South America Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

61. Brazil Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

62. Brazil Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

63. Brazil Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

64. The Middle East and Africa Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

65. The Middle East and Africa Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

66. The Middle East and Africa Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

67. UAE Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

68. UAE Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

69. UAE Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

70. South Africa Slaughtering Equipment Market, By Product Type, 2019-2030 (USD Billion) 

71. South Africa Slaughtering Equipment Market, By Livestock, 2019-2030 (USD Billion) 

72. South Africa Slaughtering Equipment Market, By Automation, 2019-2030 (USD Billion) 

List of Figures 

1. Global Slaughtering Equipment Market Segmentation

2. Slaughtering 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 Slaughtering Equipment Market Attractiveness Analysis By Product Type

9. Global Slaughtering Equipment Market Attractiveness Analysis By Livestock

10. Global Slaughtering Equipment Market Attractiveness Analysis By Automation

11. Global Slaughtering Equipment Market Attractiveness Analysis By Region

12. Global Slaughtering Equipment Market: Dynamics

13. Global Slaughtering Equipment Market Share by Product Type (2022 & 2030)

14. Global Slaughtering Equipment Market Share By Livestock (2022 & 2030)

15. Global Slaughtering Equipment Market Share by Automation (2022 & 2030)

16. Global Slaughtering Equipment Market Share by Regions (2022 & 2030)

17. Global Slaughtering Equipment Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Brainy Insights has segmented the global slaughtering equipment market based on the below-mentioned segments:

Global Slaughtering Equipment Market by Product Type: 

  • Killing
  • Stunning
  • Cut-up
  • Evisceration
  • Deboning & Skinning

Global Slaughtering Equipment Market by Livestock:

  • Swine
  • Poultry
  • Bovine
  • Seafood

Global Slaughtering Equipment Market by Automation:

  • Fully Automated
  • Semi-automated

Global Slaughtering 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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