Automatic Conveyor 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: CR0208127
  • Format: Electronic (PDF)
  • Number of Pages: 208
  • Author(s): Joshi, Madhavi

Report Overview

The Automatic Conveyor Market size was estimated at USD 22.5 billion in 2023 and is projected to reach USD 33.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2024-2030).

Automatic Conveyor Market

(Market Size)
$22.5 billion
$33.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 6.00%
2023 Market Size USD 22.5 billion
2030 Market Size USD 33.5 billion
Key Players Siemens, Dematic, Interroll, Daifuku, SSI Schaefer

Market Summary

The automatic conveyor market is an integral segment within the manufacturing and construction industries, providing essential material handling solutions that enhance operational efficiency and productivity. These systems are designed to transport goods, raw materials, and components seamlessly across various stages of production, assembly, and distribution, reducing manual labor and minimizing errors. The market is characterized by a strong emphasis on automation and technological integration, driven by the need for optimized supply chain operations and just-in-time manufacturing processes. Key players continuously innovate to offer conveyors with advanced features such as IoT connectivity, energy efficiency, and modular designs that cater to diverse industrial requirements. The adoption of automatic conveyors is widespread across sectors including automotive, food and beverage, packaging, and e-commerce, where speed, accuracy, and reliability are paramount. As industries globally prioritize automation to combat labor shortages and improve safety, the demand for sophisticated conveyor systems is expected to remain robust, supporting growth and transformation in modern industrial environments.

Key Highlights

The automatic conveyor market showcases several key highlights that underscore its significance and evolution. A prominent trend is the integration of Industry 4.0 technologies, where conveyors are equipped with sensors, automation controls, and data analytics capabilities to enable real-time monitoring, predictive maintenance, and seamless integration with other smart factory systems. This technological advancement not only enhances operational efficiency but also reduces downtime and operational costs. Another highlight is the growing preference for customized and flexible conveyor solutions that can adapt to varying production needs and spatial constraints, particularly in industries like e-commerce and logistics where scalability is crucial. Sustainability is also becoming a critical focus, with manufacturers developing energy-efficient conveyors that minimize power consumption and environmental impact. Additionally, safety innovations, such as enhanced guarding systems and emergency stop mechanisms, are prioritized to protect workers and comply with stringent regulatory standards. The market is further distinguished by the rise of robotic integration, where conveyors work in tandem with autonomous mobile robots and robotic arms to create fully automated material handling workflows, revolutionizing traditional manufacturing and warehousing operations.

Drivers, Opportunities & Restraints

The automatic conveyor market is propelled by several key drivers, including the escalating demand for automation across manufacturing and construction sectors to improve efficiency, reduce labor costs, and enhance product quality. The rapid expansion of e-commerce and logistics industries necessitates advanced material handling systems to manage increasing order volumes and expedite delivery times, further fueling market growth. Opportunities abound in the development of smart, IoT-enabled conveyors that offer predictive maintenance, real-time tracking, and data-driven insights, allowing businesses to optimize their operations and reduce unplanned downtime. The push toward sustainable practices also opens avenues for energy-efficient and eco-friendly conveyor solutions that align with corporate environmental goals. However, the market faces restraints such as high initial investment and installation costs, which can be prohibitive for small and medium-sized enterprises. Additionally, the complexity of integrating conveyor systems with existing infrastructure and the need for skilled personnel to operate and maintain advanced technologies pose challenges. Economic uncertainties and fluctuations in industrial production can also impact investment decisions, potentially slowing market adoption in certain regions.

Concentration Insights

The automatic conveyor market exhibits a concentrated competitive landscape with a mix of global leaders and specialized players dominating the industry. Key companies such as Siemens AG, Daifuku Co., Ltd., Interroll Holding AG, and SSI Schaefer Group hold significant market shares due to their extensive product portfolios, technological expertise, and strong global presence. These industry giants focus on continuous innovation, strategic acquisitions, and partnerships to expand their capabilities and reinforce their market positions. The market concentration is also influenced by regional players who cater to specific local demands and offer cost-effective solutions, particularly in emerging economies. Collaboration with end-users to develop customized conveyor systems tailored to unique operational requirements is a common strategy among leading firms. Additionally, the competitive dynamics are shaped by factors such as product reliability, after-sales service, and the ability to provide integrated material handling solutions. As automation demand grows, companies are investing in research and development to introduce advanced features like AI and machine learning, further intensifying competition and driving market consolidation.

Type Insights

The automatic conveyor market encompasses a diverse range of conveyor types, each designed to meet specific operational needs across various industries. Belt conveyors are among the most widely used, ideal for transporting bulk materials and packaged goods over long distances with minimal noise and energy consumption. Roller conveyors, powered or gravity-driven, are prevalent in warehouses and distribution centers for handling pallets, cartons, and totes, offering flexibility and ease of integration. Overhead conveyors maximize floor space utilization by moving products suspended from overhead tracks, commonly used in automotive assembly lines and painting facilities. Slat and chain conveyors are favored for heavy-duty applications, such as in manufacturing plants, where durability and the ability to handle large, irregular items are critical. Additionally, modular belt conveyors provide versatility for industries like food processing and packaging, thanks to their easy cleaning and configuration changes. Recent innovations include magnetic and pneumatic conveyors, which offer contactless transportation for delicate or hazardous materials, highlighting the market's adaptation to specialized requirements and technological advancements.

Application Insights

Automatic conveyors find extensive applications across multiple industries, significantly enhancing material handling efficiency and workflow automation. In the manufacturing sector, they are indispensable for assembly lines, where they facilitate the seamless movement of components between workstations, reducing production times and minimizing human intervention. The automotive industry relies heavily on conveyors for tasks such as parts painting, assembly, and final inspection, ensuring precision and consistency. In the food and beverage industry, conveyors designed with hygiene standards in mind transport products through processing, packaging, and labeling stages, often incorporating washdown capabilities to maintain cleanliness. The e-commerce and logistics sectors utilize advanced conveyor systems in fulfillment centers to sort, route, and ship packages rapidly, meeting the demands of fast order processing and delivery. Construction applications include transporting heavy materials like aggregates and cement on sites, improving safety and efficiency. Additionally, airports employ conveyors for baggage handling, while pharmaceuticals use them for sterile product movement, underscoring the versatility and critical role of automatic conveyors in diverse operational environments.

Regional Insights

The automatic conveyor market demonstrates distinct regional dynamics influenced by industrialization levels, economic conditions, and technological adoption. North America holds a substantial market share, driven by advanced manufacturing practices, high labor costs, and the presence of major e-commerce and automotive industries that prioritize automation. The United States, in particular, is a key contributor, with investments in modernizing supply chain infrastructure and warehousing facilities. Europe follows closely, characterized by stringent regulatory standards and a strong focus on energy efficiency and sustainability, leading to the adoption of innovative conveyor solutions in countries like Germany and France. The Asia-Pacific region is experiencing rapid growth, fueled by expanding manufacturing sectors in China, India, and Japan, alongside the rise of e-commerce and infrastructure development. This region benefits from cost-effective production capabilities and increasing foreign investments in industrial automation. Latin America and the Middle East & Africa are emerging markets, where growth is spurred by industrialization initiatives and investments in construction and logistics, though adoption rates vary due to economic volatility and infrastructure challenges.

Company Insights

Leading companies in the automatic conveyor market are at the forefront of innovation and strategic expansion, shaping industry trends and competitive dynamics. Siemens AG offers comprehensive conveyor solutions integrated with digitalization and automation technologies, catering to diverse industrial needs globally. Daifuku Co., Ltd. is renowned for its advanced material handling systems, including conveyors used in automotive, airport, and warehouse applications, emphasizing reliability and efficiency. Interroll Holding AG specializes in key components and systems like rollers and drives, providing modular and energy-efficient solutions that enhance conveyor performance. SSI Schaefer Group focuses on automated storage and retrieval systems, often incorporating conveyors to create end-to-end logistics solutions. Other notable players include Bosch Rexroth AG, which delivers customized conveyor systems for manufacturing and assembly lines, and Honeywell Intelligrated, known for its automated sortation and conveyor technologies in distribution centers. These companies invest heavily in research and development to introduce smart features such as IoT connectivity and AI-driven analytics, while also engaging in mergers and acquisitions to expand their market reach and technological capabilities, ensuring they remain competitive in a rapidly evolving landscape.

Recent Developments

The automatic conveyor market has witnessed significant recent developments aimed at enhancing functionality, sustainability, and integration capabilities. A notable trend is the increased adoption of IoT and AI technologies, enabling conveyors to provide real-time data on performance, predictive maintenance alerts, and optimization insights, thereby reducing downtime and operational costs. Companies are also focusing on developing energy-efficient systems that incorporate regenerative drives and low-power components to align with global sustainability goals and reduce carbon footprints. Another key development is the expansion of flexible and modular conveyor designs that allow for easy reconfiguration and scalability, meeting the dynamic needs of industries like e-commerce and manufacturing. Strategic partnerships and acquisitions have been prevalent, such as collaborations between conveyor manufacturers and software firms to create integrated automation solutions. Additionally, there is a growing emphasis on hygiene and safety, with innovations including antimicrobial belts and enhanced safety sensors to protect workers and products. These advancements reflect the market's response to evolving industrial demands, technological progress, and the continuous pursuit of operational excellence.

Report Segmentation

This report on the automatic conveyor market provides a detailed segmentation to offer comprehensive insights into various aspects of the industry. The market is segmented by type, including belt conveyors, roller conveyors, overhead conveyors, slat and chain conveyors, and other specialized variants such as magnetic and pneumatic conveyors. Each type is analyzed based on its design, functionality, and suitability for different applications. Application segmentation covers key industries such as manufacturing, automotive, food and beverage, e-commerce and logistics, construction, airports, and pharmaceuticals, highlighting the specific requirements and adoption trends in each sector. Regional segmentation divides the market into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, examining regional growth drivers, challenges, and market dynamics. Additionally, the report includes segmentation by end-user, focusing on large enterprises and small to medium-sized businesses, and by technology, distinguishing between conventional and smart, IoT-enabled conveyor systems. This structured approach allows for a thorough understanding of market opportunities, competitive landscape, and future trends, aiding stakeholders in making informed decisions.

FAQs

What are the main types of automatic conveyors? The main types include belt conveyors, roller conveyors, overhead conveyors, slat and chain conveyors, and modular conveyors, each serving distinct material handling needs across industries.

Which industries use automatic conveyors the most? Industries such as manufacturing, automotive, food and beverage, e-commerce, logistics, and construction are major users, leveraging conveyors for efficiency and automation.

What drives the growth of the automatic conveyor market? Growth is driven by increasing automation demands, e-commerce expansion, labor cost reduction needs, and advancements in IoT and smart technologies.

How do automatic conveyors improve operational efficiency? They reduce manual handling, minimize errors, speed up processes, enable continuous operation, and integrate with automation systems for optimized workflow.

What are the key challenges in adopting automatic conveyors? High initial costs, integration complexities with existing systems, and the need for skilled maintenance personnel are primary challenges.

Are there sustainable options in automatic conveyors? Yes, manufacturers offer energy-efficient models with features like regenerative drives and low-energy components to support sustainability goals.

Citius Research has developed a research report titled “Automatic Conveyor 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

• Automatic Conveyor 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 Automatic Conveyor 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.

Automatic Conveyor Market Segmentation

Market Segmentation

Regions Covered

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

Automatic Conveyor Market Analysis

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

• Overview of Automatic Conveyor Market
• Research Methodology
• Executive Summary
• Market Dynamics of Automatic Conveyor 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 Automatic Conveyor Market
• Cost and Gross Margin Analysis of Automatic Conveyor Market
• Automatic Conveyor 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 “Automatic Conveyor 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.

Automatic Conveyor Market Key Stakeholders

Below are the key stakeholders for the Automatic Conveyor Market:

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

Automatic Conveyor 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 Automatic Conveyor 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 Automatic Conveyor 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 Automatic Conveyor 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 Automatic Conveyor 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 Automatic Conveyor 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 Automatic Conveyor 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 Automatic Conveyor 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 Automatic Conveyor 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 Automatic Conveyor 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 Automatic Conveyor 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 Automatic Conveyor 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 Automatic Conveyor 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 Automatic Conveyor 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 Automatic Conveyor 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 Automatic Conveyor 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 Automatic Conveyor 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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