Textile Testing, Inspection and Certification (TIC) 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: CR0212503
  • Format: Electronic (PDF)
  • Number of Pages: 180
  • Author(s): Joshi, Madhavi

Report Overview

The Textile Testing, Inspection and Certification (TIC) Market size was estimated at USD 8.5 billion in 2023 and is projected to reach USD 16.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.30% during the forecast period (2024-2030).

Textile Testing, Inspection and Certification (TIC) Market

(Market Size)
$8.5 billion
$16.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 10.30%
2023 Market Size USD 8.5 billion
2030 Market Size USD 16.5 billion
Key Players SGS, Bureau Veritas, Intertek, TUV SUD, Eurofins

Market Summary

The Textile Testing, Inspection, and Certification (TIC) market is a critical component of the global textile industry, ensuring that materials and finished products meet stringent quality, safety, and regulatory standards. In the context of the Semiconductor and Electronics industry, this market plays a vital role in verifying the performance and reliability of technical textiles used in electronic applications, such as conductive fabrics, insulating materials, and protective gear for manufacturing environments. The demand for TIC services is driven by the need for compliance with international standards and the increasing complexity of textile-based components in electronics. Companies rely on these services to mitigate risks, enhance product credibility, and gain competitive advantage in global markets. The integration of advanced technologies, including automation and digital reporting, is transforming TIC processes, making them more efficient and accessible. As the electronics sector continues to innovate, the TIC market is poised to expand, supporting the development of smarter, safer, and more sustainable textile solutions.

Key Highlights

The Textile Testing, Inspection, and Certification market is characterized by its emphasis on accuracy, reliability, and adherence to global standards such as ISO, ASTM, and AATCC. Key players like SGS, Bureau Veritas, and Intertek provide comprehensive services that include physical, chemical, and performance testing of textiles used in electronic applications. These services ensure that materials meet specific requirements for durability, flame resistance, and electrostatic properties, which are crucial in semiconductor manufacturing and electronics assembly. The market is also witnessing a shift towards sustainability, with increased focus on eco-friendly testing methods and certifications for recycled and organic textiles. Additionally, the adoption of IoT and blockchain technology in TIC processes is enhancing traceability and transparency, providing clients with real-time data and immutable records. These advancements are driving efficiency and trust in supply chains, making TIC services indispensable for quality assurance and regulatory compliance in the textile and electronics industries.

Drivers, Opportunities & Restraints

The growth of the Textile Testing, Inspection, and Certification market is primarily driven by stringent regulatory requirements and the increasing complexity of textiles used in high-tech industries like semiconductors and electronics. Governments and international bodies mandate compliance with safety and quality standards to protect consumers and ensure product reliability, compelling manufacturers to invest in TIC services. Opportunities abound in the development of smart textiles and wearable electronics, which require specialized testing for functionalities such as conductivity, biocompatibility, and integration with electronic components. The rise of e-commerce and global trade further amplifies the need for certification to build consumer trust and facilitate cross-border transactions. However, the market faces restraints including high costs associated with advanced testing equipment and the lack of standardized regulations across different regions. Additionally, the shortage of skilled professionals and the complexity of testing novel materials pose challenges to market expansion. Despite these hurdles, technological innovations and increasing awareness about quality assurance are expected to drive sustained growth.

Concentration Insights

The Textile Testing, Inspection, and Certification market is highly concentrated, with a few major players dominating the global landscape. Companies such as SGS, Bureau Veritas, Intertek, T?V S?D, and Eurofins Scientific hold significant market share due to their extensive service portfolios, global presence, and long-standing reputations for reliability. These leaders offer a wide range of testing and certification services tailored to various industries, including semiconductors and electronics, where precision and compliance are paramount. The market concentration is also evident in regional hubs, with North America and Europe being key centers for TIC activities due to their advanced regulatory frameworks and high adoption of quality standards. However, emerging economies in Asia-Pacific, particularly China and India, are rapidly expanding their TIC capabilities to cater to growing manufacturing bases. This concentration fosters competition and innovation, driving companies to enhance their service offerings and adopt cutting-edge technologies to maintain their competitive edge.

Type Insights

Textile Testing, Inspection, and Certification services can be categorized into several types, including physical testing, chemical testing, and performance testing. Physical testing involves assessing properties such as tensile strength, abrasion resistance, and colorfastness, which are essential for textiles used in electronic applications like protective clothing and insulation materials. Chemical testing focuses on detecting harmful substances, ensuring compliance with regulations such as REACH and Oeko-Tex, which is critical for consumer safety and environmental protection. Performance testing evaluates functional aspects like water resistance, UV protection, and antimicrobial properties, particularly important for technical textiles in semiconductors and electronics. Certification services provide official validation that products meet required standards, facilitating market access and enhancing brand reputation. The integration of digital tools and automation in these testing types is improving accuracy and efficiency, allowing for faster turnaround times and more comprehensive data analysis. This diversification in service types ensures that the TIC market can address the evolving needs of the textile and electronics industries.

Application Insights

In the Semiconductor and Electronics industry, Textile Testing, Inspection, and Certification services are applied to a variety of products, including conductive fabrics, electrostatic discharge (ESD) protective wear, and insulation materials. Conductive textiles are tested for electrical conductivity and durability to ensure they function effectively in wearable electronics and smart garments. ESD protective clothing undergoes rigorous testing to prevent static electricity discharge, which is crucial in semiconductor manufacturing environments to protect sensitive components. Insulation materials are evaluated for thermal resistance and flame retardancy to meet safety standards in electronic devices and wiring systems. Additionally, textiles used in filtration and packaging for electronic components are tested for performance and contamination control. The application of TIC services in these areas helps manufacturers maintain product quality, reduce failure rates, and comply with industry-specific regulations. As the electronics sector continues to innovate, the demand for specialized TIC applications is expected to grow, driven by the need for higher reliability and advanced material performance.

Regional Insights

The Textile Testing, Inspection, and Certification market exhibits distinct regional dynamics, influenced by varying regulatory environments, industrial activities, and technological adoption. North America and Europe are mature markets with well-established TIC infrastructures, driven by strict regulatory standards and high consumer awareness about product quality. These regions are hubs for innovation in technical textiles, particularly in the semiconductor and electronics sectors, where testing for safety and performance is paramount. The Asia-Pacific region is experiencing rapid growth, fueled by expanding manufacturing capabilities in countries like China, India, and Vietnam. Increasing exports and rising disposable incomes are boosting demand for TIC services to ensure compliance with international standards. Latin America and the Middle East & Africa are emerging markets, with growing investments in textile production and gradual adoption of quality assurance practices. Regional differences in regulatory frameworks and economic conditions shape the demand for TIC services, creating opportunities for market players to tailor their offerings to local needs while navigating global supply chain complexities.

Company Insights

Leading companies in the Textile Testing, Inspection, and Certification market include SGS, Bureau Veritas, Intertek, T?V S?D, Eurofins Scientific, and QIMA. These firms offer comprehensive services ranging from laboratory testing and on-site inspections to certification and supply chain auditing. SGS is renowned for its global network and expertise in consumer product testing, including textiles for electronic applications. Bureau Veritas provides tailored solutions for quality control and compliance, leveraging advanced technologies for efficient service delivery. Intertek focuses on innovation, offering specialized testing for smart textiles and sustainable materials. T?V S?D emphasizes safety and performance certifications, particularly in regulated industries like electronics. Eurofins Scientific excels in chemical and analytical testing, ensuring products meet environmental and health standards. QIMA is known for its agile and digital-first approach, providing real-time quality insights. These companies compete on the basis of accuracy, reliability, and technological advancement, continuously investing in R&D to address emerging challenges and opportunities in the textile and electronics markets.

Recent Developments

Recent developments in the Textile Testing, Inspection, and Certification market reflect a trend towards digitalization, sustainability, and expansion of service capabilities. Companies are increasingly adopting IoT and AI technologies to enhance testing accuracy and automate reporting processes, providing clients with faster and more transparent results. For instance, blockchain integration is being explored to offer immutable records of compliance and supply chain traceability. There is a growing emphasis on eco-friendly testing methods and certifications for sustainable textiles, aligning with global environmental regulations and consumer preferences. Major players are expanding their laboratory networks in emerging markets to cater to local manufacturing hubs, such as in Southeast Asia and Eastern Europe. Partnerships and acquisitions are also common, enabling firms to broaden their service portfolios and enter new segments like wearable technology and smart fabrics. These developments are driven by the need to address complex regulatory requirements and support innovation in the textile and electronics industries, ensuring that TIC services remain relevant and effective in a rapidly evolving market.

Report Segmentation

The report on the Textile Testing, Inspection, and Certification market is segmented based on service type, application, and region. Service type segmentation includes testing services, inspection services, and certification services, each addressing different aspects of quality assurance and compliance. Testing services are further divided into physical, chemical, and performance testing, catering to specific requirements of textiles used in semiconductors and electronics. Application segmentation covers various end-use sectors such as apparel, home textiles, technical textiles, and others, with technical textiles being particularly relevant for electronic applications. Regional segmentation provides insights into market dynamics across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, highlighting key trends and opportunities in each geography. This structured approach allows for a comprehensive analysis of market forces, competitive landscape, and growth prospects, enabling stakeholders to make informed decisions and identify potential areas for investment and expansion.

FAQs

What is textile testing and certification? Textile testing and certification involve evaluating textiles for quality, safety, and compliance with standards through laboratory tests and inspections, followed by issuing certificates to verify meeting requirements.

Why is textile testing important in the electronics industry? It ensures textiles used in electronics, such as conductive fabrics or protective gear, meet performance and safety standards, preventing failures and ensuring reliability.

What are the key standards for textile testing? Key standards include ISO, ASTM, AATCC, and Oeko-Tex, which set guidelines for physical, chemical, and performance properties of textiles.

How does textile inspection work? Inspection involves visual and instrumental checks at various production stages to identify defects, ensure consistency, and verify compliance with specifications.

What are the benefits of textile certification? Certification enhances market access, builds consumer trust, ensures regulatory compliance, and reduces risks of product recalls or legal issues.

Which companies lead the textile TIC market? Leading companies include SGS, Bureau Veritas, Intertek, T?V S?D, and Eurofins Scientific, known for their comprehensive services and global expertise.

Citius Research has developed a research report titled “Textile Testing, Inspection and Certification (TIC) 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

• Textile Testing, Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) 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.

Textile Testing, Inspection and Certification (TIC) Market Segmentation

Market Segmentation

Regions Covered

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

Textile Testing, Inspection and Certification (TIC) Market Analysis

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

• Overview of Textile Testing, Inspection and Certification (TIC) Market
• Research Methodology
• Executive Summary
• Market Dynamics of Textile Testing, Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) Market
• Cost and Gross Margin Analysis of Textile Testing, Inspection and Certification (TIC) Market
• Textile Testing, Inspection and Certification (TIC) 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 “Textile Testing, Inspection and Certification (TIC) 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.

Textile Testing, Inspection and Certification (TIC) Market Key Stakeholders

Below are the key stakeholders for the Textile Testing, Inspection and Certification (TIC) Market:

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

Textile Testing, Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) 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 Textile Testing Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.

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 Textile Testing, Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) 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 Textile Testing, Inspection and Certification (TIC) 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.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports