Pedestrian Access Control 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: CR0207800
  • Format: Electronic (PDF)
  • Number of Pages: 185
  • Author(s): Joshi, Madhavi

Report Overview

The Pedestrian Access Control System Market size was estimated at USD 720 million in 2023 and is projected to reach USD 1.25 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.40% during the forecast period (2024-2030).

Pedestrian Access Control System Market

(Market Size)
$720 million
$1.25 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.40%
2023 Market Size USD 720 million
2030 Market Size USD 1.25 billion
Key Players Boon Edam, Gunnebo, Dormakaba, Alvarado, Automatic Systems

Market Summary

The pedestrian access control system market is an integral segment within the security and infrastructure domain, primarily serving the manufacturing and construction industries by regulating and monitoring the movement of individuals through secured entry and exit points. These systems are designed to enhance safety, prevent unauthorized access, and ensure operational efficiency within facilities such as factories, construction sites, corporate buildings, and industrial plants. The market encompasses a variety of technologies including turnstiles, gates, biometric scanners, and electronic locks, which are deployed to create controlled environments. The increasing emphasis on workplace safety regulations and the need to protect sensitive areas from intrusions are significant factors driving adoption. Companies are increasingly investing in advanced access control solutions to mitigate risks associated with theft, vandalism, and unauthorized entry, thereby safeguarding assets and personnel. The integration of these systems with broader security infrastructure and building management systems is becoming more prevalent, offering seamless operation and centralized control. As industries continue to prioritize security and efficiency, the demand for robust pedestrian access control systems is expected to rise, supported by technological advancements and the growing complexity of security threats.

Key Highlights

The pedestrian access control system market is characterized by several key highlights that underscore its importance and growth trajectory. Technological innovation is a major driver, with systems increasingly incorporating biometric authentication, mobile access, and IoT connectivity to offer enhanced security and user convenience. Leading companies such as Boon Edam, dormakaba Group, and Gunnebo AB are at the forefront, developing solutions that integrate with smart building ecosystems. The market is also witnessing a shift towards cloud-based management platforms, allowing for remote monitoring and real-time updates, which is particularly valuable for large-scale manufacturing and construction sites. Another highlight is the growing adoption of touchless access systems, accelerated by health and safety concerns, which use technologies like facial recognition or QR codes to minimize physical contact. Additionally, regulatory compliance and standards related to safety and data protection are influencing product development and deployment strategies. The emphasis on sustainability is leading to the creation of energy-efficient systems, aligning with corporate environmental goals. These highlights reflect a dynamic market focused on innovation, integration, and adaptability to meet evolving industry needs.

Drivers, Opportunities & Restraints

The pedestrian access control system market is propelled by several drivers, including heightened security concerns across manufacturing and construction sectors, where protecting intellectual property, machinery, and personnel is paramount. Stringent government regulations regarding workplace safety and access control are compelling organizations to adopt advanced systems to avoid penalties and ensure compliance. The rise of smart cities and intelligent infrastructure projects presents significant opportunities, as these initiatives require sophisticated access solutions for public and private spaces. Additionally, the integration of artificial intelligence and machine learning offers opportunities for predictive analytics and enhanced threat detection, improving overall system efficacy. However, the market faces restraints such as high initial installation and maintenance costs, which can be prohibitive for small and medium-sized enterprises. Technical challenges related to system integration with existing infrastructure and concerns over data privacy and cybersecurity also pose hurdles. Economic fluctuations and budget constraints in the construction industry may slow down investments in new security systems. Despite these restraints, the ongoing digital transformation and the need for scalable security solutions continue to drive market growth.

Concentration Insights

The pedestrian access control system market exhibits a concentrated competitive landscape with a few major players dominating the industry. Companies such as ASSA ABLOY, Boon Edam, dormakaba Group, Gunnebo AB, and PERCo hold significant market shares, leveraging their extensive product portfolios and global presence. These established players focus on innovation, mergers, and acquisitions to strengthen their positions and expand into emerging markets. There is also a presence of regional and specialized manufacturers that cater to niche segments, offering customized solutions for specific applications within the manufacturing and construction sectors. The market concentration is influenced by factors such as technological expertise, brand reputation, and the ability to provide integrated solutions that meet diverse customer requirements. Partnerships with security consultants and system integrators are common strategies to enhance market penetration and address local needs. While competition is intense, collaboration among players for technology development and standard-setting is also observed, contributing to market evolution. This concentration ensures a high level of product quality and reliability but may limit options for end-users in terms of pricing and innovation from smaller entrants.

Type Insights

Pedestrian access control systems are categorized into various types based on technology and functionality, each serving distinct security needs within the manufacturing and construction industries. Turnstiles are widely used for high-traffic areas, offering robust physical barriers and options like optical turnstiles for a more aesthetic appeal. Gates and barriers provide controlled entry points for vehicles and pedestrians, often integrated with authentication methods. Biometric systems, including fingerprint, iris, and facial recognition scanners, are gaining traction for their high security and accuracy, minimizing the risk of unauthorized access through stolen credentials. Electronic locks and keypads are common for interior doors and restricted zones, offering simplicity and cost-effectiveness. Emerging types include mobile access systems that use smartphones for entry, and touchless solutions that prioritize hygiene and convenience. The choice of system type depends on factors such as security level required, user volume, integration capabilities, and budget. Advances in technology are blurring the lines between these types, with hybrid systems that combine multiple authentication methods for enhanced security. Understanding these variations helps businesses select the most appropriate solutions for their specific operational environments.

Application Insights

In the manufacturing and construction industries, pedestrian access control systems are applied across various scenarios to ensure security and operational efficiency. In manufacturing plants, these systems secure production areas, storage facilities, and research labs, preventing unauthorized access to sensitive machinery and proprietary information. They are also used to enforce safety protocols by restricting entry to hazardous zones without proper authorization. Construction sites utilize access control to manage worker and visitor entry, track attendance, and protect equipment from theft or vandalism. Temporary access solutions are often deployed during project phases, adaptable to changing site layouts. Corporate offices within these industries use these systems to safeguard executive areas, data centers, and other critical infrastructure. Additionally, integrated applications include time and attendance tracking, where access systems double as tools for monitoring employee hours and productivity. The versatility of these systems allows for customization based on risk assessment and specific site requirements, making them indispensable for modern industrial operations. As industries embrace automation and IoT, access control applications are expanding to include real-time monitoring and analytics for proactive security management.

Regional Insights

The adoption of pedestrian access control systems varies across regions, influenced by economic development, regulatory frameworks, and industrial activities. North America and Europe are mature markets, characterized by high awareness of security issues and stringent regulations, driving demand for advanced systems in manufacturing and construction sectors. The presence of major market players and technological innovators in these regions further stimulates growth. The Asia-Pacific region is experiencing rapid expansion due to urbanization, industrialization, and increasing investments in infrastructure projects, particularly in countries like China and India. Government initiatives towards smart city development and enhanced public safety are key drivers here. Latin America and the Middle East & Africa are emerging markets, where growth is fueled by rising security concerns and economic development, though adoption may be slower due to budgetary constraints. Regional differences also exist in terms of preferred technologies; for instance, biometric systems are more prevalent in high-security areas of developed regions, while cost-effective solutions like turnstiles are popular in developing economies. Understanding these regional dynamics is crucial for businesses aiming to enter or expand in specific markets.

Company Insights

Leading companies in the pedestrian access control system market include globally recognized names such as ASSA ABLOY, Boon Edam, dormakaba Group, Gunnebo AB, and PERCo. ASSA ABLOY offers a comprehensive range of products including automatic doors and secure entry solutions, leveraging its extensive distribution network. Boon Edam specializes in security entrances like turnstiles and revolving doors, focusing on innovation and sustainability. dormakaba Group provides integrated access control systems, combining mechanical and electronic solutions for seamless operation. Gunnebo AB is known for its security products including gates and barriers, catering to high-risk environments. PERCo emphasizes customizable turnstiles and access control software for various industrial applications. These companies invest heavily in research and development to introduce features like IoT connectivity, biometric integration, and cloud-based management. Strategies such as acquisitions, partnerships, and geographic expansion are common to enhance market presence and offer end-to-end solutions. The competitive landscape is marked by a focus on providing reliable, scalable, and user-friendly systems that address the evolving needs of the manufacturing and construction industries, ensuring long-term customer relationships and industry leadership.

Recent Developments

Recent developments in the pedestrian access control system market reflect ongoing innovation and strategic moves by key players. Companies are increasingly launching products with touchless technology, such as facial recognition and mobile-based access, in response to health concerns post-pandemic. For instance, new biometric systems with enhanced accuracy and speed have been introduced to reduce waiting times and improve user experience. Integration with building management systems and IoT platforms is a focus, allowing for centralized control and data analytics. mergers and acquisitions have been notable, with larger firms acquiring smaller tech companies to bolster their offerings in software and cloud services. Partnerships with cybersecurity firms are also emerging to address vulnerabilities and ensure data protection. Additionally, there is a trend towards sustainable products, with manufacturers developing energy-efficient systems that align with corporate green initiatives. These developments indicate a market that is rapidly adapting to technological advancements and changing customer preferences, ensuring that pedestrian access control systems remain relevant and effective in securing modern industrial environments.

Report Segmentation

This report on the pedestrian access control system market is segmented to provide detailed analysis and insights across multiple dimensions. The segmentation includes by type, covering categories such as turnstiles, gates, biometric systems, and electronic locks, each analyzed for their market presence and growth potential. Application segmentation focuses on uses within manufacturing plants, construction sites, corporate offices, and others, highlighting specific needs and adoption trends. Regional segmentation breaks down the market into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa, examining regional dynamics, key players, and growth drivers. Additionally, the report may segment by technology, such as traditional versus advanced systems, and by end-user size, including large enterprises and small to medium-sized businesses. This structured approach allows for a comprehensive understanding of market nuances, enabling stakeholders to identify opportunities and make informed decisions based on granular data and trends specific to each segment.

FAQs

What are the main types of pedestrian access control systems? The main types include turnstiles, gates, biometric systems, electronic locks, and mobile access solutions, each offering different levels of security and suitability for various environments.

Which industries use pedestrian access control systems the most? Industries such as manufacturing, construction, corporate sectors, healthcare, and transportation are major users, leveraging these systems for security and efficiency.

How do biometric systems enhance access control? Biometric systems use unique biological traits like fingerprints or facial features for authentication, providing high security by reducing the risk of unauthorized access through lost or stolen credentials.

What are the benefits of integrating access control with IoT? Integration with IoT enables real-time monitoring, remote management, data analytics, and enhanced responsiveness to security incidents, improving overall system intelligence.

Are there touchless options available in access control systems? Yes, touchless options such as facial recognition, QR code scanners, and mobile-based access are available, addressing hygiene concerns and offering convenience.

What factors should be considered when choosing an access control system? Factors include security requirements, user volume, integration capabilities with existing systems, budget, and compliance with regulatory standards.

Citius Research has developed a research report titled “Pedestrian Access Control 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

• Pedestrian Access Control 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 Pedestrian Access Control 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.

Pedestrian Access Control System Market Segmentation

Market Segmentation

Regions Covered

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

Pedestrian Access Control System Market Analysis

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

• Overview of Pedestrian Access Control System Market
• Research Methodology
• Executive Summary
• Market Dynamics of Pedestrian Access Control 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 Pedestrian Access Control System Market
• Cost and Gross Margin Analysis of Pedestrian Access Control System Market
• Pedestrian Access Control 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 “Pedestrian Access Control 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.

Pedestrian Access Control System Market Key Stakeholders

Below are the key stakeholders for the Pedestrian Access Control System Market:

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

Pedestrian Access Control 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 Pedestrian Access Control 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 Pedestrian Access Control 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 Pedestrian Access Control 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 Pedestrian Access Control 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 Pedestrian Access Control 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 Pedestrian Access Control 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 Pedestrian Access Control 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 Pedestrian Access Control 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 Pedestrian Access Control 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 Pedestrian Access Control 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 Pedestrian Access Control 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 Pedestrian Access Control 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 Pedestrian Access Control 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 Pedestrian Access Control 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 Pedestrian Access Control 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 Pedestrian Access Control 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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