Motorcycle Airbag 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: CR0187163
  • Format: Electronic (PDF)
  • Number of Pages: 211
  • Author(s): Joshi, Madhavi

Report Overview

The Motorcycle Airbag Market size was estimated at USD 650 million in 2023 and is projected to reach USD 2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 18.00% during the forecast period (2024-2030).

Motorcycle Airbag Market

(Market Size)
$650 million
$2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 18.00%
2023 Market Size USD 650 million
2030 Market Size USD 2 billion
Key Players Dainese, Alpinestars, Honda, BMW Motorrad, Airbag Inside

Market Summary

The motorcycle airbag market represents a critical and evolving segment within the broader automotive safety and transportation industry. This market is dedicated to the development, manufacturing, and distribution of specialized airbag systems designed to mitigate injuries for motorcycle riders during collisions. Unlike traditional automotive airbags, these systems are integrated into rider apparel, such as jackets and vests, or are mounted directly onto the motorcycle itself. The technology relies on sophisticated sensors and algorithms to detect an imminent crash and deploy the airbag in milliseconds, providing crucial protection to the torso, neck, and back. The growing global emphasis on road safety, coupled with increasing motorcycle ownership in emerging economies, is a fundamental driver for this sector. Manufacturers are continuously innovating to improve system reliability, comfort, and integration with other smart technologies. The market is characterized by a mix of established automotive safety suppliers and specialized niche players, all competing to enhance rider safety through advanced protective solutions.

Key Highlights

Key highlights of the motorcycle airbag market include the rapid technological advancement in deployment systems, moving from tethered mechanical triggers to sophisticated electronic systems utilizing gyroscopes, accelerometers, and GPS. Another significant highlight is the increasing adoption of these systems by professional riders and its gradual trickle-down to the consumer market, driven by heightened safety awareness. The development of autonomous deployment technology, which does not require a physical tether connecting the rider to the motorcycle, represents a major innovation, offering greater freedom of movement without compromising safety. Furthermore, strategic partnerships and collaborations between airbag manufacturers and major motorcycle apparel brands, such as Alpinestars and Dainese, are expanding product availability and consumer reach. The integration of connectivity features, allowing for crash alerts and data logging, is also a notable trend, positioning motorcycle airbags as part of the broader Internet of Things ecosystem in transportation.

Drivers, Opportunities & Restraints

The primary drivers propelling the motorcycle airbag market are the increasing global focus on reducing road fatalities and the rising number of motorcycle accidents, which create a compelling need for enhanced protective gear. Stricter government regulations and safety standards in several regions are also pushing for the adoption of advanced rider safety equipment. A significant opportunity lies in the untapped potential of emerging economies in Asia-Pacific and Latin America, where motorcycle usage is exceptionally high but penetration of premium safety gear is currently low. The growing popularity of high-performance motorcycles and touring bikes, whose riders are more likely to invest in safety, presents another substantial growth avenue. However, the market faces considerable restraints, including the high cost of advanced airbag systems, which can be a barrier to mass-market adoption. Consumer awareness and perception of the technology's necessity and reliability also need to be improved. Additionally, the challenge of designing systems that are comfortable for all-day wear and suitable for various riding styles remains a key hurdle for manufacturers.

Concentration Insights

The concentration of the motorcycle airbag market reveals a landscape with a blend of global automotive safety giants and specialized niche firms. A handful of key players, who have deep expertise in sensor technology and inflator systems, hold a significant portion of the market share. These companies often leverage their existing relationships with major motorcycle OEMs to integrate airbag systems directly into new models. Concurrently, there is a strong presence of specialized manufacturers focused exclusively on the powered two-wheeler safety segment. These firms are often more agile, innovating rapidly in the apparel-integrated airbag space. The market is also seeing an influx of technology startups developing novel solutions, particularly in the software and algorithm domain for crash detection. Geographically, research, development, and high-end manufacturing are concentrated in regions with advanced technological capabilities, such as Europe and North America, while volume production is increasingly shifting to cost-effective manufacturing hubs in Asia.

Type Insights

The motorcycle airbag market is segmented primarily by the type of deployment system and integration method. The two main types are tethered (mechanical) systems and electronic (autonomous) systems. Tethered systems operate through a physical cable that connects the rider's garment to the motorcycle; a sudden separation from the bike, as in a crash, pulls a trigger to inflate the airbag. These systems are generally more affordable and have been on the market longer. In contrast, electronic systems utilize a suite of sensors, including accelerometers and gyroscopes, housed within a control unit on the garment or the bike itself. An algorithm analyzes sensor data in real-time to identify crash scenarios and initiate gas-inflator deployment without any physical tether. These autonomous systems offer greater flexibility and are perceived as more advanced, though they come at a higher cost and require battery power. Further segmentation exists based on integration, with options including airbag jackets, vests, and suits, as well as bike-mounted systems.

Application Insights

Application insights for the motorcycle airbag market show diverse usage across different rider profiles and motorcycle types. The primary application is for on-road motorcycles, encompassing a wide range from commuter bikes to high-performance sports bikes and luxury touring motorcycles. Within this segment, professional and enthusiast riders were the early adopters, but application is broadening to include casual and daily commuter riders concerned with safety. Another significant application is in the realm of motorsports, where MotoGP and other racing leagues have mandated the use of airbag suits, driving technological innovation that later benefits consumer products. There is also a growing application in the law enforcement and emergency services sector, where agencies are equipping motorcycle units with this enhanced protective gear. The application for off-road or adventure riding is a developing area, with manufacturers working on solutions that can handle the unique impacts and environments associated with that discipline.

Regional Insights

Regional insights indicate that Europe currently represents a leading market for motorcycle airbags, driven by high awareness of rider safety, the presence of key manufacturers, and a strong culture of motorcycle touring and sports riding. Stringent safety norms proposed by bodies like the European Commission also contribute to this leadership. North America follows closely, with a significant market characterized by high disposable income and a large base of cruiser and touring motorcycle owners who are investing in advanced safety gear. The Asia-Pacific region is identified as the market with the highest growth potential due to its enormous volume of motorcycle users, particularly in countries like India, Indonesia, Thailand, and Vietnam. However, market penetration here is currently limited by price sensitivity, though increasing urbanization and rising safety standards are expected to drive future adoption. Other regions, such as Latin America and the Middle East and Africa, are nascent markets but are anticipated to show gradual growth as economic conditions and safety awareness improve.

Company Insights

Company insights reveal a competitive arena featuring established automotive safety suppliers and dedicated motorcycle safety specialists. Leading companies such as Alpinestars and Dainese are prominent for their extensive range of airbag-integrated apparel and their long-standing reputation in motorsports. These companies have developed sophisticated electronic systems like the Alpinestars Tech-Air and Dainese D-Air. H?vding is known for its unique airbag collar concept. In the realm of OEM-integrated systems, companies like Airbag Inside and Point Two Air Vest supply technology. The competitive strategy revolves around continuous research and development to enhance sensor accuracy, reduce deployment times, and improve comfort. Partnerships with motorcycle manufacturers for factory-fit options are a critical strategic move for market expansion. Companies are also focusing on obtaining international safety certifications to build consumer trust and differentiate their products in a market where performance and reliability are paramount.

Recent Developments

Recent developments in the motorcycle airbag market are focused on enhancing technology and expanding market access. A major trend is the miniaturization of sensors and control units, making the systems lighter and less obtrusive for the rider. There is a significant push towards improving algorithm intelligence to better distinguish between actual crashes and minor incidents or aggressive riding, thereby reducing false deployments. The integration of connectivity is another key development, with new systems featuring Bluetooth and cellular links to send distress signals and accident data to emergency contacts or services. Furthermore, companies are expanding their product portfolios to include more options for different riding styles and climates, such as ventilated jackets for hot weather. Collaborations between airbag tech firms and mainstream apparel brands are also increasing, making the technology available through more channels and at various price points, which is crucial for driving broader adoption beyond the high-end segment.

Report Segmentation

This market research report on the motorcycle airbag market provides a detailed segmentation to offer a comprehensive analysis of the industry landscape. The report is segmented by type, categorizing the market into tethered (mechanical) airbag systems and electronic (autonomous) airbag systems, detailing the technological differences, adoption rates, and growth projections for each. It is further segmented by application, analyzing demand across different motorcycle types including sports bikes, cruisers, tourers, and commuter motorcycles, as well as specific use cases in racing and professional fields. The segmentation also extends to product form, covering airbag jackets, vests, suits, and bike-mounted systems. Geographically, the report provides a thorough regional analysis, breaking down the market into key regions and major countries within each, examining regional drivers, trends, challenges, and the competitive environment. This multi-faceted segmentation allows for a granular understanding of market dynamics and opportunities within each specific segment.

FAQs

How does a motorcycle airbag work?

Motorcycle airbags operate through a system of sensors and an inflation mechanism. Electronic systems use accelerometers and gyroscopes to monitor the bike's and rider's movements thousands of times per second. A sophisticated algorithm analyzes this data to identify a crash sequence, such as a sudden deceleration or abnormal lean angle, and triggers a gas inflator to fill the airbag within milliseconds. Mechanical systems use a physical tether connected to the motorcycle; a crash pulls the tether, mechanically activating the inflator.

Are motorcycle airbags effective?

Yes, studies and real-world data indicate that motorcycle airbags are highly effective at reducing the severity of injuries in an accident. They are designed to protect vital areas like the chest, spine, and neck by absorbing impact energy and preventing harmful whiplash motions. Their effectiveness is demonstrated in professional racing, where they have become mandatory, and is supported by a growing body of evidence from road accidents involving equipped riders.

Can you add an airbag to any motorcycle?

Apparel-based airbag systems, such as vests and jackets, are universally compatible with any motorcycle as they are not physically integrated into the bike itself. These autonomous systems function independently. Conversely, some bike-mounted airbag systems are designed as original equipment for specific motorcycle models or can be offered as aftermarket kits by certain manufacturers, but their compatibility is not universal across all bikes.

How much does a motorcycle airbag cost?

The cost of a motorcycle airbag system varies significantly based on its technology and features. Basic mechanical tethered vests can be found at a lower price point. Advanced electronic autonomous systems integrated into high-quality jackets or suits represent a more substantial investment. Prices reflect the complexity of the sensor technology, the quality of materials, brand reputation, and any additional features like connectivity.

Do MotoGP riders use airbags?

Yes, airbag use is mandatory in MotoGP and many other professional motorcycle racing leagues. The systems used are highly advanced electronic versions integrated into the riders' leather suits. Racing serves as a critical testing ground for this technology, driving innovation that eventually filters down to consumer products. The success of these systems in high-speed racing crashes validates their protective capabilities.

What is the leading motorcycle airbag jacket?

Several brands are recognized as leaders in this space, known for their proven technology and safety certifications. Alpinestars with its Tech-Air system and Dainese with its D-Air technology are often cited as market leaders, offering a range of jackets and suits with integrated autonomous airbags. The definition of "leading" can depend on specific criteria such as technology, market share, brand recognition, or professional endorsements.

Citius Research has developed a research report titled “Motorcycle Airbag 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

• Motorcycle Airbag 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 Motorcycle Airbag 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.

Motorcycle Airbag Market Segmentation

Market Segmentation

Regions Covered

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

Motorcycle Airbag Market Analysis

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

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

Motorcycle Airbag Market Key Stakeholders

Below are the key stakeholders for the Motorcycle Airbag Market:

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

Motorcycle Airbag 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 Motorcycle Airbag 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 Motorcycle Airbag 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 Motorcycle Airbag 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 Motorcycle Airbag 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 Motorcycle Airbag 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 Motorcycle Airbag 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 Motorcycle Airbag 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 Motorcycle Airbag 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 Motorcycle Airbag 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 Motorcycle Airbag 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 Motorcycle Airbag 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 Motorcycle Airbag 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 Motorcycle Airbag 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 Motorcycle Airbag 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 Motorcycle Airbag 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 Motorcycle Airbag 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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