Diesel Particulate Filter 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: CR0186538
  • Format: Electronic (PDF)
  • Number of Pages: 216
  • Author(s): Joshi, Madhavi

Report Overview

The Diesel Particulate Filter Market size was estimated at USD 12.5 billion in 2023 and is projected to reach USD 19.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2024-2030).

Diesel Particulate Filter Market

(Market Size)
$12.5 billion
$19.2 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 12.5 billion
2030 Market Size USD 19.2 billion
Key Players BASF, Johnson Matthey, Umicore, Tenneco, Faurecia

Market Summary

The diesel particulate filter market is a critical segment within the automotive and transportation industry, focused on emission control technologies designed to reduce particulate matter emissions from diesel engines. These filters are integral components in modern exhaust aftertreatment systems, capturing and storing soot to prevent its release into the atmosphere. The market is characterized by stringent global emission regulations, such as Euro 6 and EPA standards, which mandate the use of advanced filtration technologies. Key industries utilizing these systems include automotive, construction, agriculture, and marine, reflecting the widespread application of diesel engines. Technological advancements continue to drive innovation, with developments in filter materials, regeneration processes, and integration with other aftertreatment components like selective catalytic reduction systems. The market is highly competitive, with numerous players offering a range of products tailored to various vehicle types and operational requirements. As environmental concerns and regulatory pressures intensify, the demand for efficient and durable diesel particulate filters is expected to remain strong, supporting ongoing research and development efforts aimed at enhancing performance and reducing costs.

Key Highlights

The diesel particulate filter market is distinguished by several key highlights that underscore its importance and dynamics. A primary highlight is the critical role these filters play in meeting increasingly strict emission standards worldwide, which has propelled their adoption across multiple sectors. Another significant aspect is the continuous innovation in filter technology, including the development of cordierite and silicon carbide filters, which offer high filtration efficiency and thermal durability. The integration of diesel particulate filters with advanced engine management systems for automatic regeneration processes is also a notable feature, ensuring optimal performance and minimizing downtime. Additionally, the market is witnessing a trend towards the development of retrofit solutions, allowing older diesel vehicles to comply with modern emission norms. The growing emphasis on sustainability and corporate responsibility further drives investments in emission control technologies. Key industry players are engaged in strategic partnerships and collaborations to enhance their product portfolios and expand their geographic presence, reflecting the competitive and evolving nature of the market.

Drivers, Opportunities & Restraints

The diesel particulate filter market is influenced by a combination of drivers, opportunities, and restraints that shape its growth trajectory. A major driver is the stringent government regulations aimed at reducing vehicular emissions, which compel manufacturers to incorporate advanced filtration systems in diesel engines. Increasing environmental awareness and the global push towards cleaner air also fuel demand for these technologies. Opportunities abound in the development of next-generation filters with improved efficiency and lower back pressure, as well as in the expanding market for retrofit applications in existing vehicle fleets. The rise of hybrid and electric vehicles presents a nuanced opportunity, as diesel engines continue to dominate in heavy-duty and off-road applications where electrification is challenging. However, the market faces restraints such as high costs associated with advanced filter systems and their maintenance, including periodic cleaning and replacement. Technical challenges related to filter regeneration in low-load operations and the potential for clogging also pose hurdles. Additionally, economic fluctuations and variations in regulatory enforcement across regions can impact market consistency and growth rates.

Concentration Insights

The concentration of the diesel particulate filter market reveals a landscape with significant presence of established players and emerging participants, contributing to a competitive and fragmented environment. Geographically, regions with strict emission norms, such as North America and Europe, exhibit high market concentration due to early adoption and continuous regulatory updates. In terms of industry verticals, the automotive sector holds a substantial share, driven by passenger and commercial vehicle production, while off-highway applications in construction and agriculture also represent concentrated demand areas. The market is characterized by the dominance of a few key manufacturers who leverage extensive R&D capabilities and global distribution networks to maintain their positions. However, regional players and specialized suppliers are gaining traction by offering cost-effective solutions and tailored products for specific applications. Strategic mergers, acquisitions, and partnerships are common, aimed at enhancing technological expertise and market reach. This concentration dynamic encourages innovation and competitive pricing, benefiting end-users through improved product offerings and service options.

Type Insights

Diesel particulate filters are available in various types, each designed to meet specific operational requirements and performance criteria. The most common types include cordierite filters, known for their low thermal expansion and cost-effectiveness, making them suitable for light-duty vehicles. Silicon carbide filters offer superior thermal durability and higher soot capacity, ideal for heavy-duty applications where temperatures can be extreme. Another variant is the sintered metal filter, which provides excellent mechanical strength and resistance to thermal shock, often used in specialized industrial and marine engines. Additionally, there are active and passive regeneration filters; passive systems utilize exhaust heat for soot burning, while active systems employ external heat sources or fuel injectors to initiate regeneration. Each type has distinct advantages in terms of filtration efficiency, pressure drop, and longevity, influencing their adoption across different vehicle segments and industries. Ongoing research focuses on developing hybrid filters and nanomaterials to enhance performance further, addressing challenges such as ash accumulation and regeneration efficiency in diverse operating conditions.

Application Insights

The application of diesel particulate filters spans a wide range of sectors within the automotive and transportation industry, highlighting their versatility and critical role in emission control. In the automotive sector, these filters are essential for passenger cars, light commercial vehicles, and heavy-duty trucks, ensuring compliance with emission standards and reducing environmental impact. The construction industry relies on diesel particulate filters for equipment such as excavators, loaders, and bulldozers, where diesel engines are prevalent and emission regulations are increasingly enforced. Agricultural machinery, including tractors and harvesters, also incorporates these filters to minimize particulate emissions during farming operations. Additionally, the marine and railway sectors utilize diesel particulate filters in engines for ships and locomotives, addressing emission concerns in transportation and logistics. Off-highway applications further extend to mining and industrial equipment, where durable and efficient filtration is paramount. The diversity in applications drives continuous innovation, with filters being customized to meet the specific demands of each sector, including varying engine sizes, operational cycles, and environmental conditions.

Regional Insights

The diesel particulate filter market exhibits distinct regional characteristics influenced by regulatory frameworks, economic conditions, and industrial activities. North America is a significant market, driven by stringent Environmental Protection Agency regulations and a high adoption rate in the automotive and off-highway sectors. Europe follows closely, with robust emission standards like Euro 6 fostering demand, particularly in countries with strong automotive manufacturing bases such as Germany and France. The Asia-Pacific region is experiencing rapid growth, fueled by increasing vehicle production, urbanization, and rising environmental awareness in countries like China and India, where governments are implementing stricter emission norms. Latin America and the Middle East & Africa are emerging markets, with growth potential linked to economic development and gradual regulatory advancements. Each region presents unique opportunities and challenges; for instance, developed markets focus on technological upgrades and replacement demand, while emerging regions prioritize cost-effective solutions and new installations. Regional insights underscore the importance of tailored strategies for market players to address diverse customer needs and regulatory landscapes effectively.

Company Insights

The competitive landscape of the diesel particulate filter market includes several key players who dominate through technological expertise and extensive product portfolios. Leading companies such as Tenneco Inc., Bosch Automotive Service Solutions Inc., and Dinex A/S are at the forefront, offering advanced filter solutions for various applications. These players invest significantly in research and development to enhance filter efficiency, durability, and integration with other emission control systems. Other notable participants include Donaldson Company, Inc., NGK Insulators Ltd., and MANN+HUMMEL, each contributing to market dynamics through innovation and strategic expansions. The market also features specialized firms focusing on niche segments, such as retrofit solutions or filters for specific industrial uses. Competitive strategies often involve partnerships with automotive manufacturers, acquisitions to broaden technological capabilities, and geographic expansion to tap into emerging markets. The presence of these companies ensures a continuous flow of innovative products, catering to the evolving demands of regulatory compliance and environmental sustainability in the diesel engine ecosystem.

Recent Developments

Recent developments in the diesel particulate filter market reflect ongoing innovation and strategic movements aimed at addressing emission challenges and enhancing market position. Technological advancements have led to the introduction of filters with improved soot burning capabilities and reduced pressure drop, enhancing engine performance and fuel efficiency. Companies are increasingly focusing on developing integrated aftertreatment systems that combine diesel particulate filters with selective catalytic reduction units for comprehensive emission control. There is a growing trend towards the use of advanced materials, such as composite ceramics and metals, to extend filter life and withstand higher operating temperatures. Strategic collaborations and partnerships between filter manufacturers and automotive OEMs are common, facilitating co-development of customized solutions for new vehicle models. Additionally, expansions in production capacities and establishment of new facilities in high-growth regions like Asia-Pacific are key developments, enabling companies to meet rising demand efficiently. These initiatives underscore the market's responsiveness to regulatory pressures and the commitment to advancing emission control technologies for a sustainable future.

Report Segmentation

The diesel particulate filter market report is segmented to provide a detailed analysis across various dimensions, enabling a comprehensive understanding of market dynamics. Segmentation by type includes categories such as cordierite, silicon carbide, and sintered metal filters, each analyzed for their market share, growth potential, and application suitability. By application, the market is divided into automotive, construction, agriculture, marine, and others, highlighting demand patterns and sector-specific trends. Geographic segmentation covers regions like North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa, offering insights into regional regulatory impacts, adoption rates, and growth opportunities. Additionally, the report may segment by vehicle type, such as passenger cars, light commercial vehicles, and heavy-duty trucks, to address specific needs and performance requirements. Each segment is evaluated based on factors like technological advancements, competitive landscape, and future prospects, providing stakeholders with actionable intelligence for strategic decision-making. This structured approach ensures a thorough examination of the market, catering to the diverse interests of investors, manufacturers, and policymakers.

FAQs

What is a diesel particulate filter? A diesel particulate filter is an aftertreatment device designed to capture and store particulate matter from diesel engine exhaust, reducing emissions and complying with environmental regulations.

How does a diesel particulate filter work? It works by trapping soot particles in a porous substrate, which are periodically burned off through a process called regeneration, either passively using exhaust heat or actively with external energy sources.

What are the common issues with diesel particulate filters? Common issues include clogging due to inadequate regeneration, ash accumulation over time, and increased back pressure affecting engine performance, necessitating maintenance or replacement.

How often should a diesel particulate filter be cleaned? Cleaning frequency depends on usage and operating conditions, typically ranging from every 100,000 to 300,000 miles for vehicles, but more often in severe duty cycles.

Can diesel particulate filters be retrofitted? Yes, retrofit options are available for older diesel vehicles to meet modern emission standards, involving installation of aftermarket filters designed for specific engine types.

What is the future of diesel particulate filters? The future involves advancements in materials and integration with hybrid systems, focusing on higher efficiency, lower cost, and compatibility with evolving emission regulations and alternative fuels.

Citius Research has developed a research report titled “Diesel Particulate Filter 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

• Diesel Particulate Filter 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 Diesel Particulate Filter 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.

Diesel Particulate Filter Market Segmentation

Market Segmentation

Regions Covered

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

Diesel Particulate Filter Market Analysis

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

• Overview of Diesel Particulate Filter Market
• Research Methodology
• Executive Summary
• Market Dynamics of Diesel Particulate Filter 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 Diesel Particulate Filter Market
• Cost and Gross Margin Analysis of Diesel Particulate Filter Market
• Diesel Particulate Filter 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 “Diesel Particulate Filter 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.

Diesel Particulate Filter Market Key Stakeholders

Below are the key stakeholders for the Diesel Particulate Filter Market:

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

Diesel Particulate Filter 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 Diesel Particulate Filter 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 Diesel Particulate Filter 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 Diesel Particulate Filter 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 Diesel Particulate Filter 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 Diesel Particulate Filter 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 Diesel Particulate Filter 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 Diesel Particulate Filter 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 Diesel Particulate Filter 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 Diesel Particulate Filter 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 Diesel Particulate Filter 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 Diesel Particulate Filter 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 Diesel Particulate Filter 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 Diesel Particulate Filter 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 Diesel Particulate Filter 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 Diesel Particulate Filter 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 Diesel Particulate Filter 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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