Water Activity Meter 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: CR0207186
  • Format: Electronic (PDF)
  • Number of Pages: 186
  • Author(s): Joshi, Madhavi

Report Overview

The Water Activity Meter Market size was estimated at USD 120 million in 2023 and is projected to reach USD 220 million by 2030, exhibiting a compound annual growth rate (CAGR) of 9.00% during the forecast period (2024-2030).

Water Activity Meter Market

(Market Size)
$120 million
$220 million
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.00%
2023 Market Size USD 120 million
2030 Market Size USD 220 million
Key Players Meter Group, Novasina, Rotronic, Decagon Devices, Aqualab

Market Summary

The water activity meter market is a specialized segment within the machinery and equipment industry, focusing on instruments that measure the water activity in substances, which is critical for determining product stability, safety, and shelf life. These devices are essential across various sectors, including food and beverages, pharmaceuticals, cosmetics, and agriculture, where controlling moisture content is vital for quality assurance and regulatory compliance. Water activity meters help in preventing microbial growth, ensuring product consistency, and extending the longevity of perishable goods. The market is characterized by continuous technological advancements, with manufacturers developing more accurate, user-friendly, and faster devices to meet the evolving demands of industries. The adoption of these meters is driven by stringent food safety regulations and the growing emphasis on quality control in production processes. Companies operating in this market range from established global players to niche specialists, all competing on innovation, reliability, and service support. The market is also influenced by trends such as automation and integration with IoT for real-time monitoring, which enhance operational efficiency. As industries worldwide prioritize safety and quality, the demand for precise water activity measurement tools is expected to remain robust, supporting steady growth in this niche market.

Key Highlights

The water activity meter market stands out due to its critical role in ensuring product safety and compliance with international standards, such as those set by the FDA and USDA. Key highlights include the development of portable and benchtop meters that offer high accuracy and rapid results, catering to both laboratory and in-field applications. Leading companies like Meter Group, Novasina, and Rotronic have introduced advanced features, including digital interfaces, data logging, and connectivity options for seamless integration into quality management systems. The market is also witnessing a surge in demand from emerging economies, where industrialization and stricter regulatory frameworks are driving adoption. Additionally, the focus on sustainability and reducing food waste has heightened the importance of water activity control, as it directly impacts preservation and spoilage prevention. Innovations such as non-destructive testing and multi-parameter measurement capabilities are further enhancing the value proposition of these devices. The competitive landscape is marked by strategic partnerships, mergers, and acquisitions aimed at expanding product portfolios and geographic reach. Overall, the water activity meter market is poised for sustained growth, supported by its indispensable role in modern industrial processes.

Drivers, Opportunities & Restraints

The growth of the water activity meter market is primarily driven by stringent regulatory requirements in the food and pharmaceutical industries, mandating precise moisture control to ensure product safety and quality. Increasing consumer awareness about foodborne illnesses and product authenticity further fuels demand for reliable measurement tools. Opportunities abound in expanding applications beyond traditional sectors, such as in cannabis testing, pet food production, and research institutions, where water activity measurement is gaining traction. The rise of smart manufacturing and Industry 4.0 also presents opportunities for integrating these meters with automated systems for real-time monitoring and data analytics. However, the market faces restraints, including the high cost of advanced meters, which can be prohibitive for small and medium-sized enterprises. Additionally, the need for regular calibration and maintenance poses operational challenges. Economic fluctuations and supply chain disruptions, as seen during global events like the pandemic, can also impact market stability. Despite these challenges, ongoing technological innovations and the growing emphasis on quality assurance across industries provide a positive outlook for market expansion.

Concentration Insights

The water activity meter market is moderately concentrated, with a mix of global leaders and specialized regional players dominating the landscape. Key companies such as Meter Group, Novasina, Rotronic, and AquaLab hold significant market shares due to their extensive product portfolios, strong R&D capabilities, and established distribution networks. These players focus on continuous innovation, introducing features like wireless connectivity, enhanced accuracy, and user-friendly software to maintain competitive advantage. The market also includes smaller firms that cater to niche segments or offer cost-effective solutions, particularly in emerging regions. Geographic concentration is evident, with North America and Europe being mature markets due to strict regulatory environments and high adoption in food and pharmaceuticals. In contrast, Asia-Pacific is emerging as a high-growth region, driven by industrialization, increasing foreign investments, and rising quality standards. Collaboration between manufacturers and end-users is common, aimed at developing customized solutions for specific applications. This concentration dynamics encourage healthy competition, fostering advancements that benefit end-users across various industries.

Type Insights

Water activity meters are primarily categorized into benchtop and portable types, each serving distinct needs within industrial and field applications. Benchtop meters are favored in laboratory settings for their high precision, stability, and advanced features such as temperature control and data management capabilities. They are commonly used in quality control labs of food processing plants, pharmaceutical companies, and research institutions where accuracy is paramount. Portable meters, on the other hand, offer flexibility and convenience for on-site testing in production areas, warehouses, and during transportation. These devices are compact, battery-operated, and designed for quick measurements, making them ideal for industries requiring immediate feedback, such as agriculture and cosmetics. Recent advancements include hybrid models that combine portability with laboratory-grade accuracy, as well as devices with Bluetooth and cloud connectivity for seamless data transfer. The choice between types depends on factors like application requirements, budget constraints, and operational environment, with both segments experiencing innovation driven by demand for faster, more reliable, and user-friendly solutions.

Application Insights

Water activity meters find diverse applications across multiple industries, with the food and beverage sector being the largest end-user due to the critical need for moisture control in preventing spoilage and ensuring compliance with safety standards. In this sector, meters are used for testing products like baked goods, dairy, meats, and snacks to maintain quality and extend shelf life. The pharmaceutical industry relies on these devices to ensure the stability and efficacy of drugs, vaccines, and raw materials, where even slight moisture variations can compromise product integrity. In cosmetics, water activity measurement helps in formulating stable creams, lotions, and powders to prevent microbial growth and maintain consistency. Additionally, applications are expanding into agriculture for testing soil and grains, and into research institutions for studying material properties. The pet food industry is also adopting these meters to enhance product safety. Each application demands specific features, such as rapid testing for production lines or high accuracy for R&D, driving manufacturers to develop tailored solutions that address unique industry challenges.

Regional Insights

The water activity meter market exhibits distinct regional dynamics, influenced by varying regulatory frameworks, industrialization levels, and end-user demand. North America holds a significant share, driven by strict food and drug safety regulations in the United States and Canada, coupled with high adoption in well-established food processing and pharmaceutical industries. Europe follows closely, with countries like Germany, the UK, and France emphasizing quality control and sustainability, supporting demand for advanced measurement tools. The Asia-Pacific region is experiencing rapid growth, fueled by industrialization, increasing foreign investments, and rising consumer awareness about product quality in countries such as China, India, and Japan. Latin America and the Middle East & Africa are emerging markets, where growth is spurred by expanding food processing sectors and gradual implementation of stricter regulations. Regional differences also affect competitive strategies, with global players focusing on partnerships and localization to tap into growth opportunities. Overall, while developed regions remain key revenue contributors, emerging economies offer substantial growth potential due to evolving industrial landscapes.

Company Insights

Prominent companies in the water activity meter market include Meter Group, Novasina, Rotronic, AquaLab, and Decagon Devices, among others. Meter Group is renowned for its comprehensive range of precision instruments and strong global presence, often leading innovation with features like automated calibration and cloud-based data management. Novasina specializes in high-accuracy meters with a focus on pharmaceutical and food applications, leveraging Swiss engineering for reliability. Rotronic offers versatile solutions with emphasis on humidity and climate measurement integration, catering to diverse industrial needs. AquaLab, a part of Meter Group, is known for its user-friendly devices and rapid measurement capabilities, particularly in the food sector. Decagon Devices, also under Meter Group, emphasizes research-grade instruments for scientific applications. These companies compete through continuous R&D, strategic acquisitions, and expanding their service networks to enhance customer support. Smaller players and regional manufacturers often focus on cost-effective solutions or niche markets, contributing to a dynamic competitive environment. Collaboration with end-users for customized products and after-sales services is a common strategy to build loyalty and drive adoption.

Recent Developments

Recent developments in the water activity meter market highlight a trend towards digitalization and enhanced connectivity. Major players have launched new products with IoT capabilities, allowing real-time data monitoring and integration with enterprise resource planning systems. For instance, advancements include Bluetooth-enabled portable meters that sync with mobile apps for effortless data recording and analysis. There has also been a focus on improving measurement speed and accuracy, with some devices now offering results in under five minutes, catering to high-throughput environments. Strategic acquisitions and partnerships have been notable, such as Meter Group's consolidation of brands to streamline offerings and expand market reach. Additionally, companies are investing in sustainability initiatives, developing energy-efficient meters and promoting practices that reduce environmental impact. The COVID-19 pandemic accelerated the adoption of contactless and automated solutions, influencing product designs to minimize human intervention. These developments reflect the market's responsiveness to technological trends and end-user needs, ensuring that water activity meters remain indispensable tools for quality assurance across industries.

Report Segmentation

The water activity meter market report is segmented based on type, application, and region to provide a comprehensive analysis. By type, the market is divided into benchtop and portable meters, each addressing specific user requirements for precision and mobility. Benchtop segments cater to laboratory settings, while portable segments focus on field and production line applications. Application-wise, segmentation covers food and beverages, pharmaceuticals, cosmetics, agriculture, and others, reflecting the diverse industries reliant on water activity measurement. Each application segment analyzes unique demand drivers, such as regulatory compliance in food and pharmaceuticals or quality control in cosmetics. Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa, with each region examined for growth trends, key players, and market dynamics. This segmentation enables stakeholders to identify opportunities, understand competitive landscapes, and make informed decisions based on targeted insights into product and regional performance.

FAQs

What is a water activity meter used for? A water activity meter is used to measure the water activity in substances, which helps determine microbial growth potential, product stability, and shelf life, primarily in industries like food, pharmaceuticals, and cosmetics.

How does a water activity meter work? It works by measuring the equilibrium relative humidity of a sample in a sealed chamber, using sensors to detect water vapor pressure, providing a value that indicates how much water is available for microbial activity.

What is the difference between water activity and moisture content? Water activity measures the free water available for microbial growth, while moisture content refers to the total amount of water in a product, including bound water that is not accessible.

Why is water activity important in food safety? It is crucial because it predicts the risk of spoilage and pathogen growth; lower water activity levels inhibit microorganisms, ensuring food safety and extending shelf life.

Can water activity meters be used in pharmaceuticals? Yes, they are essential in pharmaceuticals to ensure drug stability, prevent degradation, and comply with regulatory standards for product quality and efficacy.

What are the maintenance requirements for these meters? Regular calibration using standard solutions, cleaning of sensors, and proper storage are necessary to maintain accuracy and prolong the device's lifespan.

Citius Research has developed a research report titled “Water Activity Meter 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

• Water Activity Meter 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 Water Activity Meter 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.

Water Activity Meter Market Segmentation

Market Segmentation

Regions Covered

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

Water Activity Meter Market Analysis

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

• Overview of Water Activity Meter Market
• Research Methodology
• Executive Summary
• Market Dynamics of Water Activity Meter 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 Water Activity Meter Market
• Cost and Gross Margin Analysis of Water Activity Meter Market
• Water Activity Meter 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 “Water Activity Meter 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.

Water Activity Meter Market Key Stakeholders

Below are the key stakeholders for the Water Activity Meter Market:

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

Water Activity Meter 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 Water Activity Meter 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 Water Activity Meter 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 Water Activity Meter 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 Water Activity Meter 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 Water Activity Meter 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 Water Activity Meter 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 Water Activity Meter 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 Water Activity Meter 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 Water Activity Meter 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 Water Activity Meter 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 Water Activity Meter 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 Water Activity Meter 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 Water Activity Meter 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 Water Activity Meter 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 Water Activity Meter 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 Water Activity Meter 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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