Automated People Mover Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0186274
  • Format: Electronic (PDF)
  • Number of Pages: 188
  • Author(s): Joshi, Madhavi

Report Overview

The Automated People Mover Market size was estimated at USD 2.8 billion in 2023 and is projected to reach USD 4.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.00% during the forecast period (2024-2030).

Automated People Mover Market

(Market Size)
$2.8 billion
$4.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 7.00%
2023 Market Size USD 2.8 billion
2030 Market Size USD 4.5 billion
Key Players Bombardier, Siemens, Alstom, Mitsubishi, Doppelmayr

Market Summary

The automated people mover market represents a critical segment within the broader automotive and transportation industry, focusing on fully automated, driverless transportation systems designed for short-distance travel. These systems are predominantly deployed in high-traffic, confined environments where efficiency, reliability, and high passenger throughput are paramount. The core technology involves electrically powered vehicles operating on exclusive guideways, either at-grade, elevated, or underground, and they are integral to modern multi-modal transit solutions. The market is characterized by a strong emphasis on enhancing urban mobility, reducing traffic congestion, and providing seamless connectivity within large complexes. Key operational parameters include short headways, high frequency service, and integration with other forms of public transport, making them a preferred solution for moving large numbers of people efficiently over relatively short distances. The evolution of this market is closely tied to global urbanization trends and the growing need for sustainable and intelligent transportation infrastructure.

Key Highlights

The automated people mover market is distinguished by several key highlights that underscore its importance and trajectory. A primary feature is the high degree of automation and integration of advanced control systems, which ensure operational safety, precision, and energy efficiency. These systems are designed for maximum uptime and reliability, which is critical for their application in airports and urban centers where service interruptions are not acceptable. Another significant highlight is the growing adoption of communications-based train control (CBTC) technology, which allows for more flexible and efficient management of vehicle movements, optimizing capacity and reducing wait times. The market is also witnessing a trend towards the use of lighter, more durable materials in vehicle construction to improve energy efficiency and reduce lifecycle costs. Furthermore, the integration of passenger information systems, Wi-Fi, and other amenities enhances the user experience, making public transportation more attractive. The competitive landscape is defined by a focus on providing comprehensive solutions that include not just the vehicles but also the signaling, control systems, and long-term maintenance services.

Drivers, Opportunities & Restraints

The growth of the automated people mover market is propelled by several powerful drivers. A primary driver is the accelerating pace of urbanization worldwide, which creates immense pressure on existing transportation infrastructure and fuels the demand for high-capacity, efficient transit solutions within cities and large activity centers. Increasing investments in airport modernization and expansion projects represent another significant driver, as airports globally seek to improve passenger flow between terminals, parking facilities, and rental car areas. The global push for sustainable urban development and the reduction of greenhouse gas emissions also drives the adoption of electric-powered automated people movers as a clean alternative to vehicular traffic. Opportunities in this market are abundant, particularly in the development of smart city projects across Asia and the Middle East, where integrated transit solutions are a core component. There is also a growing opportunity in the retrofitting and upgrading of aging people mover systems in established markets to incorporate newer, more efficient technologies. However, the market faces notable restraints, including the exceptionally high capital investment and long project lead times required for the design and construction of dedicated guideways and stations. The complexity of integrating these systems into existing urban landscapes without causing major disruptions also presents a significant challenge, alongside the need for specialized operational expertise.

Concentration Insights

The competitive concentration within the automated people mover market is notably high, characterized by the dominance of a few large, established multinational corporations that possess the extensive engineering expertise, financial resources, and project management capabilities required for these complex, large-scale projects. This oligopolistic nature means that market share is concentrated among players like Alstom, Siemens Mobility, Mitsubishi Heavy Industries, and Hitachi Rail. These companies offer integrated portfolios that encompass vehicles, propulsion systems, signaling, and control technologies, often acting as main contractors for turnkey projects. Their dominance is reinforced by long-term relationships with government transit authorities and airport operators, as well as a proven track record of executing projects on a global scale. The high barriers to entry, including significant R&D investment and the necessity of adhering to stringent international safety and performance standards, effectively limit the influx of new competitors. Consequently, the market sees competition primarily through major international tenders, where these large firms compete on technological innovation, total cost of ownership, and the ability to provide reliable, long-term service and maintenance support.

Type Insights

The automated people mover market can be segmented by system type, primarily into monorails, duo-rails, and automated guideway transit systems, each with distinct technological and operational characteristics. Monorail systems operate on a single rail, either straddling it or suspended from it, and are often chosen for their minimal footprint and ability to navigate tight urban spaces with curves and gradients. They are frequently used in zoo applications, theme parks, and as tourist attractions in cities, though their application in core urban transit is more limited. Duo-rail or bi-modal systems, which operate on two standard rails, represent a more conventional and widely deployed technology, especially in airport applications and urban people mover systems. This category offers high stability and capacity. Automated guideway transit (AGT) is a broader term that encompasses systems operating on an exclusive guideway not shared with other traffic; this includes rubber-tired metros and other proprietary technologies. The choice between these types is influenced by factors such as required capacity, geographical constraints, environmental impact, and total project cost, with system suppliers offering tailored solutions to meet specific project requirements.

Application Insights

The application of automated people movers is predominantly focused on environments requiring efficient, high-frequency movement of people over short distances. The largest and most traditional application segment is airports. Here, APMs are indispensable for connecting terminals, concourses, remote gates, parking garages, and rental car facilities, directly enhancing the passenger experience by reducing walking distances and transfer times. Urban transit constitutes another critical application, where these systems serve as circulators or connectors within city centers, downtown areas, medical campuses, university grounds, and large shopping or entertainment districts. They help alleviate downtown traffic congestion and provide a link between major activity centers and primary public transportation hubs like mainline rail or metro stations. Furthermore, APMs are increasingly being deployed in large commercial and recreational complexes, such as sports stadiums, exhibition centers, and theme parks, to manage internal pedestrian flow. Each application has unique demands regarding capacity, availability, and integration with other systems, driving continuous innovation in vehicle design and system operation.

Regional Insights

The adoption and development of automated people mover systems vary significantly across different global regions, influenced by local infrastructure needs, economic development, and urbanization patterns. North America represents a mature and significant market, driven largely by extensive deployments at major airport hubs and a number of urban systems in cities seeking to enhance downtown mobility. The region has a well-established framework for procuring and operating such systems. The Asia-Pacific region is currently the most dynamic and fastest-growing market, fueled by massive investments in new airport construction, urban rail expansion, and the development of entirely new smart cities. Countries like China, India, and those in the Middle East, particularly the UAE and Saudi Arabia, are launching ambitious projects that frequently include automated people movers as a core component of their transit infrastructure. Europe maintains a steady market, focused on modernizing existing airport systems and integrating people movers into urban redevelopment projects, with a strong emphasis on sustainability and cutting-edge technology. Other regions, including Latin America and Africa, present emerging opportunities, often linked to specific large-scale events or major infrastructure projects aimed at boosting economic growth.

Company Insights

The automated people mover market is led by a consortium of globally recognized engineering and transportation giants. Alstom, a French multinational, is a formidable player, known for its innovative automated metro systems and people mover solutions that emphasize energy efficiency and passenger comfort. Siemens Mobility, a division of the German conglomerate Siemens AG, offers a comprehensive range of turnkey solutions, including its advanced Inspiro metro platform which can be configured for people mover applications, alongside its sophisticated signaling and control systems. Mitsubishi Heavy Industries from Japan has a long and storied history in the sector, providing robust and reliable automated guideway transit systems for both urban and airport applications globally. Hitachi Rail, also based in Japan, competes effectively with its advanced rolling stock and control technologies, often focusing on delivering high-capacity and reliable systems. Other notable participants include Doppelmayr Cable Car, which applies its cable propulsion expertise to people mover systems, and Hyundai Rotem, a South Korean company that manufactures vehicles for various automated transit applications. These companies compete not only on the quality and technological advancement of their hardware but also on their ability to provide full-lifecycle support, including financing, maintenance, and system upgrades.

Recent Developments

The automated people mover market is continuously evolving, with recent developments highlighting a strong trend towards technological innovation and geographic expansion. A significant area of development is the advancement of communications-based train control (CBTC) systems, which are becoming more sophisticated, allowing for greater operational flexibility, improved safety margins, and reduced energy consumption through optimized running profiles. There is a pronounced push towards the electrification of all system components and the integration of regenerative braking systems to enhance overall sustainability. Furthermore, the industry is exploring the use of digital twins and predictive analytics for maintenance, allowing operators to move from scheduled to condition-based maintenance, thereby increasing system availability and reducing lifecycle costs. In terms of projects, recent years have seen the announcement and commencement of several major APM projects at new international airports, particularly in the Asia-Pacific and Middle Eastern regions. Contract announcements often involve partnerships or consortiums, reflecting the complexity of these projects. Suppliers are also focusing on developing more modular and scalable vehicle designs to cater to a wider range of application needs and to help control project costs and timelines.

Report Segmentation

This comprehensive market research report on the automated people mover industry provides a detailed analysis structured through a methodical segmentation of the market. The segmentation offers a multi-faceted view of the industry landscape, enabling a thorough understanding of its various components and dynamics. The report is segmented by system type, categorizing the market into key technology categories such as monorail, duo-rail, and automated guideway transit systems, analyzing the adoption trends and technological nuances of each. It is further segmented by application, providing deep insights into the distinct demands and growth patterns within major end-use sectors including airports, urban transit, and commercial & recreational venues. A critical geographical segmentation breaks down the market into key regions and major countries within those regions, highlighting regional growth drivers, investment patterns, and regulatory environments. This structured approach allows stakeholders to identify specific growth pockets, understand competitive intensities in different segments, and assess potential opportunities and challenges across the entire value chain of the automated people mover ecosystem.

FAQs

What is an automated people mover?

An automated people mover is a fully automated, driverless transportation system that operates on a dedicated guideway. It is designed for short-distance travel, providing high-frequency service to move large numbers of people efficiently within confined areas like airports, urban centers, and large campuses.

How does an automated people mover work?

Automated people movers work using electrically powered vehicles that are centrally controlled by a computer system. They operate on an exclusive guideway, either at-grade, elevated, or underground, and use advanced technologies like communications-based train control for precise movement, scheduling, and safety management without human drivers.

Where are automated people movers commonly used?

They are most commonly deployed in large international airports to connect terminals and gates. They are also used in urban settings as downtown circulators, in medical and university campuses, and at large commercial or recreational venues like theme parks and sports stadiums to manage pedestrian flow.

What are the benefits of automated people movers?

Key benefits include high reliability and capacity, reduction in traffic congestion and emissions, enhanced passenger convenience and safety, and seamless integration with other transit modes. They offer a sustainable and efficient solution for short-distance, high-volume people movement.

Who are the leading companies in the automated people mover market?

The market is led by large multinational corporations with extensive expertise in rail and transit technology. Prominent companies include Alstom, Siemens Mobility, Mitsubishi Heavy Industries, and Hitachi Rail, which provide integrated systems including vehicles, control systems, and maintenance services.

What is the future of the automated people mover market?

The future is oriented towards greater technological integration, with a focus on energy efficiency, digitalization, and smart city applications. Growth is expected to be strong in emerging economies undertaking massive airport and urban infrastructure projects, driving demand for automated transit solutions.

Citius Research has developed a research report titled “Automated People Mover Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Automated People Mover Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Automated People Mover Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Automated People Mover Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Automated People Mover Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Automated People Mover Market
• Research Methodology
• Executive Summary
• Market Dynamics of Automated People Mover Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Automated People Mover Market
• Cost and Gross Margin Analysis of Automated People Mover Market
• Automated People Mover Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Automated People Mover Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Automated People Mover Market Key Stakeholders

Below are the key stakeholders for the Automated People Mover Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Automated People Mover Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Automated People Mover Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Automated People Mover Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Automated People Mover Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Automated People Mover Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Automated People Mover Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Automated People Mover Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Automated People Mover Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Automated People Mover Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Automated People Mover Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Automated People Mover Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Automated People Mover Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Automated People Mover Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Automated People Mover Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Automated People Mover Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Automated People Mover Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Automated People Mover Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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