Fire Hydrant System 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: CR0207550
  • Format: Electronic (PDF)
  • Number of Pages: 185
  • Author(s): Joshi, Madhavi

Report Overview

The Fire Hydrant System Market size was estimated at USD 2.5 billion in 2023 and is projected to reach USD 4.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2024-2030).

Fire Hydrant System Market

(Market Size)
$2.5 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) 9.50%
2023 Market Size USD 2.5 billion
2030 Market Size USD 4.5 billion
Key Players Mueller Water Products, Smith-Cooper International, AVK, McWane, Pentair

Market Summary

The fire hydrant system market is a critical segment within the broader fire protection industry, primarily serving the manufacturing and construction sectors. These systems are essential infrastructure components designed to provide a reliable water supply for firefighting operations in industrial plants, commercial buildings, and residential complexes. The market encompasses a range of products including hydrants, valves, pipes, and associated accessories, alongside installation, maintenance, and inspection services. Demand is largely driven by stringent government regulations and safety standards mandating the installation of fire hydrant systems in new constructions and existing facilities. The market is characterized by continuous innovation, with manufacturers focusing on developing more efficient, durable, and corrosion-resistant systems to enhance performance and longevity. Key end-users include industrial facilities, warehouses, high-rise buildings, and public infrastructure projects, all prioritizing safety and compliance. The competitive landscape features both global players and regional manufacturers, each striving to offer advanced solutions tailored to specific environmental and operational requirements.

Key Highlights

The fire hydrant system market is defined by several key highlights that underscore its importance and evolution. A significant trend is the integration of smart technologies, such as IoT-enabled monitoring systems that provide real-time data on water pressure, flow rates, and system integrity, enabling proactive maintenance and reducing downtime. Another highlight is the growing emphasis on environmental sustainability, leading to the development of water-efficient hydrant systems and the use of eco-friendly materials in manufacturing. The market also sees increased adoption of underground fire hydrant systems in urban areas to save space and maintain aesthetic appeal, while above-ground systems remain prevalent in industrial zones for easy accessibility. Regulatory compliance remains a cornerstone, with standards like NFPA and local building codes heavily influencing product design and installation practices. Additionally, the rise in public-private partnerships for urban infrastructure development is creating new avenues for market growth, particularly in emerging economies where urbanization and industrialization are accelerating.

Drivers, Opportunities & Restraints

Several drivers propel the fire hydrant system market forward, with the foremost being stringent government regulations and safety standards that mandate the installation of these systems across various sectors. Rapid urbanization and industrialization, especially in developing regions, are increasing the construction of commercial and industrial facilities, thereby boosting demand. The growing awareness of fire safety among businesses and the public further drives adoption, as organizations seek to mitigate risks and protect assets. Opportunities abound in the development of smart cities and infrastructure projects, where advanced fire hydrant systems with remote monitoring capabilities are increasingly integrated. The retrofitting of existing buildings with modern fire protection systems also presents a significant growth avenue. However, the market faces restraints such as high installation and maintenance costs, which can be prohibitive for small enterprises. Additionally, technical challenges related to water supply reliability and pressure management in certain regions can hinder system effectiveness. Economic fluctuations and budget constraints in the construction industry may also impact market growth, though the essential nature of fire safety often prioritizes these investments.

Concentration Insights

The fire hydrant system market exhibits a varied concentration of players and demand across different regions and segments. Geographically, developed regions like North America and Europe have a high concentration of established manufacturers and stringent regulatory frameworks, leading to mature markets with a focus on technological upgrades and replacements. In contrast, Asia-Pacific shows a rapidly growing concentration due to extensive industrialization and urbanization, with countries like China and India becoming key demand centers. The market is also concentrated in terms of application, with industrial and commercial sectors accounting for the largest share due to mandatory safety requirements. Manufacturer concentration is notable, with a mix of large multinational corporations and specialized regional players dominating the landscape. Companies such as Johnson Controls, Minimax, and Akron Brass hold significant market shares, leveraging extensive distribution networks and robust R&D capabilities. However, regional manufacturers often cater to local standards and cost sensitivities, creating a fragmented yet competitive environment. This concentration dynamic encourages innovation and strategic partnerships to capture emerging opportunities.

Type Insights

Fire hydrant systems are categorized into several types based on design and installation, each serving specific applications and environments. The primary types include dry barrel and wet barrel hydrants, with dry barrel systems being prevalent in colder climates to prevent freezing, while wet barrel systems are used in temperate regions for their simplicity and reliability. Another classification is between underground and above-ground systems; underground hydrants are common in urban settings for space efficiency and aesthetic reasons, whereas above-ground systems are favored in industrial areas for easy access and maintenance. Additionally, there are specialized types such as flush hydrants, which are installed level with the ground to avoid obstructions, and high-pressure hydrants designed for areas with demanding firefighting requirements. Materials used in construction also vary, with ductile iron, steel, and bronze being popular choices for their durability and corrosion resistance. The selection of hydrant type depends on factors like climate, water supply conditions, regulatory standards, and specific end-user needs, driving manufacturers to offer a diverse product portfolio.

Application Insights

Fire hydrant systems find applications across a broad spectrum of sectors, primarily within the manufacturing and construction industries. In industrial settings, such as manufacturing plants, chemical facilities, and warehouses, these systems are critical for protecting high-value assets and ensuring worker safety, often integrated with automated fire suppression systems. The commercial sector, including office buildings, shopping malls, and hotels, relies on hydrant systems to comply with building codes and safeguard occupants. Residential applications are growing, particularly in high-rise apartments and housing complexes, where fire safety regulations are becoming increasingly stringent. Public infrastructure projects, such as airports, hospitals, and schools, also represent significant application areas, emphasizing the need for reliable and accessible water sources for firefighting. Additionally, the oil and gas industry utilizes specialized hydrant systems in refineries and storage facilities to address unique fire risks. Each application demands tailored solutions based on risk assessment, water availability, and regulatory requirements, influencing product design and installation practices.

Regional Insights

The fire hydrant system market demonstrates distinct regional characteristics influenced by economic development, regulatory frameworks, and infrastructure growth. North America holds a substantial market share, driven by strict fire safety regulations, well-established infrastructure, and high awareness levels, with the United States and Canada being key contributors. Europe follows a similar pattern, with countries like Germany, the UK, and France emphasizing advanced fire protection systems in both historic and new constructions. The Asia-Pacific region is experiencing rapid growth due to accelerating urbanization, industrial expansion, and increasing government focus on safety standards, particularly in China, India, and Southeast Asian nations. Latin America and the Middle East & Africa are emerging markets, where economic development and rising investments in construction projects are fostering demand, though challenges like water scarcity and inconsistent regulations persist. Each region presents unique opportunities and challenges, prompting manufacturers to adapt their strategies to local conditions and preferences.

Company Insights

The competitive landscape of the fire hydrant system market features a mix of global leaders and regional specialists, each contributing to innovation and market expansion. Prominent companies such as Johnson Controls International plc, Tyco International, and Minimax GmbH & Co. KG are recognized for their comprehensive product portfolios, extensive R&D investments, and strong global presence. These players often focus on integrating smart technologies and sustainable materials into their systems to meet evolving customer needs. Regional manufacturers like Akron Brass Company in the United States and Grundfos Holding A/S in Europe also hold significant market shares, catering to local standards and offering cost-effective solutions. Other key participants include Viking Group Inc., Pentair plc, and NAFFCO FZCO, which specialize in various aspects of fire protection and hydrant systems. The market is characterized by strategic initiatives such as mergers, acquisitions, and partnerships, aimed at enhancing technological capabilities and expanding geographic reach. Companies compete on factors like product reliability, compliance with standards, after-sales service, and customization options to address diverse application requirements.

Recent Developments

Recent developments in the fire hydrant system market reflect a strong focus on technological advancement and regulatory adaptation. Many manufacturers are introducing IoT-based smart hydrants equipped with sensors for real-time monitoring of water pressure, flow, and leakage, enabling predictive maintenance and improved efficiency. There is also a growing trend towards the use of corrosion-resistant materials like composite polymers and coated metals to enhance durability and reduce life-cycle costs. Regulatory updates, such as revisions to NFPA standards and local building codes, are prompting companies to redesign products for better compliance and performance. Additionally, strategic collaborations between fire protection firms and technology providers are accelerating innovation, particularly in the development of integrated fire safety solutions. Market players are expanding their production capacities and distribution networks in high-growth regions like Asia-Pacific to capitalize on increasing demand. Sustainability initiatives are gaining traction, with efforts to reduce water waste and incorporate recyclable materials in system components, aligning with global environmental goals.

Report Segmentation

This report on the fire hydrant system market provides a detailed segmentation to offer comprehensive insights into various aspects of the industry. The market is segmented by type, including dry barrel hydrants, wet barrel hydrants, and specialized variants such as flush and high-pressure hydrants, each analyzed for their characteristics and adoption trends. Application segmentation covers industrial, commercial, residential, and public infrastructure sectors, highlighting specific demand drivers and requirements in each area. Geographically, the report divides the market into key regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, examining regional dynamics, growth patterns, and regulatory influences. Additionally, the segmentation includes an analysis of components such as hydrants, valves, pipes, and accessories, as well as services like installation, maintenance, and inspection. This structured approach enables a thorough understanding of market opportunities, challenges, and competitive landscapes across different segments, aiding stakeholders in strategic decision-making.

FAQs

What are the main components of a fire hydrant system? A fire hydrant system typically consists of hydrants, valves, pipes, water storage tanks, pumps, and associated accessories like hoses and nozzles, all designed to provide a reliable water supply for firefighting.

How does a dry barrel fire hydrant differ from a wet barrel hydrant? Dry barrel hydrants are designed for cold climates to prevent freezing, with water stored below ground, while wet barrel hydrants are used in temperate regions where water remains in the above-ground barrel, allowing for immediate use.

What factors influence the cost of installing a fire hydrant system? Installation costs depend on system type, materials, project complexity, water source availability, labor rates, and compliance with local regulations and standards.

Why are fire hydrant systems mandatory in commercial buildings? They are mandated by building codes and safety regulations to ensure adequate water supply for firefighting, protecting lives, property, and ensuring business continuity in emergency situations.

How often should fire hydrant systems be inspected and maintained? Regular inspections, typically annually or semi-annually, are recommended to check for functionality, leaks, and corrosion, with maintenance performed as needed to comply with safety standards.

What are the emerging trends in fire hydrant system technology? Key trends include the integration of IoT for real-time monitoring, use of durable corrosion-resistant materials, and development of water-efficient systems to enhance sustainability and performance.

Citius Research has developed a research report titled “Fire Hydrant System 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

• Fire Hydrant System 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 Fire Hydrant System 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.

Fire Hydrant System Market Segmentation

Market Segmentation

Regions Covered

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

Fire Hydrant System Market Analysis

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

• Overview of Fire Hydrant System Market
• Research Methodology
• Executive Summary
• Market Dynamics of Fire Hydrant System 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 Fire Hydrant System Market
• Cost and Gross Margin Analysis of Fire Hydrant System Market
• Fire Hydrant System 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 “Fire Hydrant System 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.

Fire Hydrant System Market Key Stakeholders

Below are the key stakeholders for the Fire Hydrant System Market:

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

Fire Hydrant System 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 Fire Hydrant System 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 Fire Hydrant System 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 Fire Hydrant System 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 Fire Hydrant System 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 Fire Hydrant System 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 Fire Hydrant System 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 Fire Hydrant System 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 Fire Hydrant System 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 Fire Hydrant System 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 Fire Hydrant System 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 Fire Hydrant System 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 Fire Hydrant System 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 Fire Hydrant System 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 Fire Hydrant System 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 Fire Hydrant System 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 Fire Hydrant System 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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