Handheld DC Torque Tools 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: CR0207588
  • Format: Electronic (PDF)
  • Number of Pages: 193
  • Author(s): Joshi, Madhavi

Report Overview

The Handheld DC Torque Tools Market size was estimated at USD 1.8 billion in 2023 and is projected to reach USD 3.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.00% during the forecast period (2024-2030).

Handheld DC Torque Tools Market

(Market Size)
$1.8 billion
$3.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 10.00%
2023 Market Size USD 1.8 billion
2030 Market Size USD 3.5 billion
Key Players Atlas Copco, Stanley Black & Decker, Bosch, Makita, Hilti

Market Summary

The handheld DC torque tools market is a specialized segment within the broader power tools industry, primarily serving the manufacturing and construction sectors. These tools are essential for applying precise torque to fasteners, ensuring the integrity and safety of assembled products and structures. The market is characterized by the widespread adoption of cordless, battery-operated tools that offer enhanced portability and efficiency on job sites and production floors. Key industries driving demand include automotive assembly, aerospace, industrial machinery, and building construction, where accurate torque application is critical for quality control and compliance with stringent standards. Technological advancements are focusing on improving battery life, integrating smart features like digital torque readouts and data logging, and enhancing ergonomics to reduce operator fatigue. The competitive landscape includes both established multinational corporations and specialized tool manufacturers, all striving to innovate and capture market share by addressing the specific needs of professional users.

Key Highlights

The handheld DC torque tools market is distinguished by several key factors that underscore its importance and growth trajectory. A primary highlight is the irreversible industry shift from traditional pneumatic and AC-powered tools towards advanced, brushless DC motor technology, which offers superior efficiency, durability, and control. The integration of Industry 4.0 principles is another significant trend, with tools increasingly featuring Bluetooth connectivity for real-time data transfer to assembly monitoring systems, enabling traceability and process validation. Furthermore, the emphasis on operator-centric design has led to the development of lighter, more balanced tools that minimize the risk of repetitive strain injuries, a critical consideration for large-scale manufacturing operations. The market is also witnessing a consolidation trend, with major players engaging in strategic acquisitions to broaden their product portfolios and technological capabilities, thereby strengthening their global market positions and service offerings to a diverse industrial clientele.

Drivers, Opportunities & Restraints

Market growth is propelled by several powerful drivers. The relentless pursuit of operational efficiency and quality assurance in manufacturing and construction is a fundamental driver, as precise torque application directly impacts product reliability and safety, reducing warranty claims and failure rates. The global infrastructure development boom, particularly in emerging economies, creates sustained demand for these tools in construction applications. A significant opportunity lies in the expansion of the electric vehicle (EV) manufacturing sector, which requires specialized assembly tools for battery packs and electric drivetrains, presenting a new and lucrative application avenue. However, the market faces notable restraints. The high initial investment cost for advanced digital torque tools can be a barrier to adoption for small and medium-sized enterprises. Furthermore, the need for specialized technical knowledge to operate and maintain these sophisticated tools can pose a challenge, necessitating ongoing training and support from manufacturers to ensure widespread and effective utilization across various end-user segments.

Concentration Insights

The market exhibits a moderately concentrated structure, with a handful of globally recognized players holding significant shares. Prominent companies such as Snap-on Incorporated, Stanley Black & Decker, and Atlas Copco have established strong brand loyalty and extensive distribution networks, giving them a competitive edge. These leaders compete on factors including technological innovation, product reliability, and comprehensive after-sales service and calibration support. Alongside these giants, there is a vibrant ecosystem of specialized and regional manufacturers that cater to niche applications or offer cost-competitive alternatives. This concentration means that technological breakthroughs and major strategic moves, such as mergers and acquisitions or the launch of a new product platform by a leading company, can have a substantial impact on overall market dynamics, influencing pricing, technology adoption rates, and competitive strategies across the entire industry landscape.

Type Insights

The handheld DC torque tools market is segmented by product type, primarily into nut runners, screwdrivers, and wrenches, each designed for specific fastening tasks. Nut runners are powerful tools used for high-torque applications, such as tightening lug nuts in automotive assembly or large bolts in structural steelwork. Screwdrivers are designed for precision fastening at lower torque ranges, crucial in electronics assembly and delicate machinery. Wrenches offer a versatile solution for a broad range of torque requirements. A critical technological distinction exists between brushless and brushed DC motors. Brushless motors are increasingly becoming the standard due to their higher efficiency, longer lifespan, reduced maintenance needs, and ability to provide more consistent torque output. Furthermore, tools are differentiated by their control mechanisms, ranging from simple shut-off clutch systems to advanced transducers that provide real-time digital feedback and data recording capabilities for quality assurance protocols.

Application Insights

Application insights reveal the diverse industrial reliance on handheld DC torque tools. In the manufacturing sector, the automotive industry is a paramount end-user, utilizing these tools extensively on assembly lines for engine, transmission, and interior component installation to ensure precise clamping forces. The aerospace and defense sector demands exceptionally high precision and documentation for every fastened joint, driving the adoption of advanced data-logging tools. General industrial manufacturing employs them for machinery assembly and maintenance. Within construction, these tools are indispensable for structural steel erection, securing rebar, and installing Mechanical, Electrical, and Plumbing (MEP) systems, where the integrity of connections is vital for safety. The distinction between applications often dictates the required torque capacity, accuracy class, and data functionality, with heavy industrial applications favoring high-power tools and precision assembly requiring sensitive, digitally-enabled instruments.

Regional Insights

Regional demand patterns for handheld DC torque tools are closely tied to industrial and construction activity. North America and Europe represent mature markets characterized by high adoption rates of advanced, connected tools. Demand in these regions is driven by a strong automotive and aerospace manufacturing base, a robust construction sector focusing on renovation and infrastructure upgrades, and strict adherence to quality and safety standards that mandate the use of calibrated torque equipment. The Asia-Pacific region is identified as the fastest-growing market, fueled by massive investments in infrastructure development, the expansion of manufacturing capabilities?particularly in automotive and electronics in countries like China, India, and South Korea?and the gradual modernization of industrial practices. Latin America and the Middle East & Africa show promising growth potential, linked to ongoing industrialization and construction projects, though market penetration of high-end tools may be slower compared to more developed economies.

Company Insights

The competitive landscape features a mix of diversified industrial tool giants and specialized precision tool manufacturers. Leading players such as Snap-on Incorporated, Bosch Power Tools, and Makita are renowned for their extensive product portfolios, strong brand recognition, and global service networks. Companies like Atlas Copco and Ingersoll Rand have a formidable presence, particularly in industrial assembly solutions, offering sophisticated pneumatic and DC electric tools integrated with tightening systems. Specialized firms such as Mountz Inc. and Norbar Torque Tools focus exclusively on torque measurement and control, providing high-accuracy instruments for critical applications. Competition is intense and based on multiple factors including product innovation, particularly in battery technology and software integration; durability and reliability; the availability of calibration and repair services; and the ability to provide tailored solutions for specific industry challenges, forcing continuous investment in research and development.

Recent Developments

The handheld DC torque tools market is dynamic, with recent developments centered on technological enhancement and strategic expansion. A dominant trend is the launch of new tools featuring advanced brushless motor technology, which offers users extended runtime, higher power density, and significantly reduced maintenance requirements. Connectivity remains a key focus area, with manufacturers introducing new models equipped with enhanced wireless protocols for seamless integration into factory IoT ecosystems, allowing for real-time production monitoring and data analytics. On the strategic front, there has been a noticeable uptick in partnerships between tool manufacturers and software companies to develop integrated assembly management platforms. Additionally, market players are expanding their production capacities and strengthening their distribution channels in high-growth regions, particularly across Asia-Pacific, to capitalize on the increasing demand from the expanding manufacturing and infrastructure sectors in those areas.

Report Segmentation

This comprehensive market report on handheld DC torque tools provides a detailed analysis segmented across multiple dimensions to offer a granular view of the industry. The segmentation includes a thorough breakdown by tool type, such as nut runners, screwdrivers, and wrenches, detailing the specific characteristics and market share of each category. The analysis further distinguishes between brushed and brushless motor technologies, highlighting the shifting preferences and performance benchmarks. Application segmentation is critical, covering key sectors including automotive manufacturing, aerospace, industrial machinery, and construction, with insights into the unique demands and growth prospects of each vertical. The report also provides a meticulous regional analysis, covering North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, examining regional market dynamics, growth drivers, and competitive landscapes. This multi-faceted segmentation allows stakeholders to identify precise opportunities and tailor their strategies accordingly.

FAQs

What are handheld DC torque tools used for?

Handheld DC torque tools are used to apply a specific, measurable torque to a fastener, such as a nut or bolt. This ensures the fastener is tightened to a precise specification, which is critical for maintaining the integrity, safety, and performance of assembled products in manufacturing and construction projects.

What is the difference between AC and DC torque tools?

The primary difference is their power source. AC tools are powered by alternating current from a wall outlet, which often limits mobility with cords. DC tools are powered by direct current from batteries, offering complete cordless portability, making them ideal for use on vast production floors or remote construction sites where outlet access is limited.

How do brushless motors benefit torque tools?

Brushless motors offer several significant benefits over traditional brushed motors. They are more efficient, converting more battery power into torque and providing longer run times per charge. They also generate less heat, have a longer lifespan due to fewer wearing parts, and require less maintenance, making them a superior choice for professional, high-use environments.

What industries rely most on these tools?

The automotive and aerospace industries are among the largest and most demanding users due to their critical need for precision and documentation in assembly. The general manufacturing sector for machinery and equipment, as well as the construction industry for structural and MEP applications, are also major relying industries.

Why is torque accuracy important?

Torque accuracy is paramount because under-torquing can lead to loose fasteners, causing joint failure, vibrations, and equipment damage. Over-torquing can stretch bolts, strip threads, or damage components, leading to catastrophic failures. Accurate torque ensures joint reliability, product safety, and compliance with engineering specifications and industry standards.

Can these tools be connected to data systems?

Yes, many modern advanced handheld DC torque tools are equipped with wireless connectivity options like Bluetooth. This allows them to transmit torque data in real-time to assembly monitoring software or a centralized database. This enables traceability, process control, quality assurance, and the creation of audit trails for compliance purposes.

Citius Research has developed a research report titled “Handheld DC Torque Tools 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

• Handheld DC Torque Tools 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 Handheld DC Torque Tools 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.

Handheld DC Torque Tools Market Segmentation

Market Segmentation

Regions Covered

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

Handheld DC Torque Tools Market Analysis

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

• Overview of Handheld DC Torque Tools Market
• Research Methodology
• Executive Summary
• Market Dynamics of Handheld DC Torque Tools 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 Handheld DC Torque Tools Market
• Cost and Gross Margin Analysis of Handheld DC Torque Tools Market
• Handheld DC Torque Tools 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 “Handheld DC Torque Tools 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.

Handheld DC Torque Tools Market Key Stakeholders

Below are the key stakeholders for the Handheld DC Torque Tools Market:

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

Handheld DC Torque Tools 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 Handheld DC Torque Tools 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 Handheld DC Torque Tools 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 Handheld DC Torque Tools 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 Handheld DC Torque Tools 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 Handheld DC Torque Tools 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 Handheld DC Torque Tools 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 Handheld DC Torque Tools 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 Handheld DC Torque Tools 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 Handheld DC Torque Tools 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 Handheld DC Torque Tools 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 Handheld DC Torque Tools 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 Handheld DC Torque Tools 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 Handheld DC Torque Tools 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 Handheld DC Torque Tools 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 Handheld DC Torque Tools 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 Handheld DC Torque Tools 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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