Motorcycle Drive Chain Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0186641
  • Format: Electronic (PDF)
  • Number of Pages: 176
  • Author(s): Joshi, Madhavi

Report Overview

The Motorcycle Drive Chain Market size was estimated at USD 3.5 billion in 2023 and is projected to reach USD 6.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2024-2030).

Motorcycle Drive Chain Market

(Market Size)
$3.5 billion
$6.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.50%
2023 Market Size USD 3.5 billion
2030 Market Size USD 6.2 billion
Key Players RK Excel, DID, Regina, Tsubaki, Renthal

Market Summary

The motorcycle drive chain market is a critical segment within the broader automotive and transportation industry, focusing on the components responsible for transferring power from the engine to the rear wheel in motorcycles. These chains are integral to the performance, efficiency, and safety of motorcycles, making them a subject of continuous innovation and development. The market is characterized by a steady demand driven by the global motorcycle industry, encompassing various types of motorcycles from commuter bikes to high-performance sports models. Key factors influencing this market include advancements in material technology, increasing motorcycle production, and the growing aftermarket segment. Manufacturers are consistently working on enhancing chain durability, reducing weight, and improving corrosion resistance to meet the evolving demands of motorcycle enthusiasts and OEMs. The market is also influenced by regional trends, with Asia-Pacific being a significant hub due to high motorcycle usage. Overall, the motorcycle drive chain market is dynamic, with a focus on quality, reliability, and technological progress to support the ever-expanding motorcycle ecosystem.

Key Highlights

The motorcycle drive chain market showcases several key highlights that underline its importance and growth trajectory. One notable aspect is the emphasis on material innovation, with manufacturers increasingly adopting high-strength steel alloys and incorporating advanced coatings to enhance longevity and performance. Another highlight is the robust aftermarket presence, driven by the need for regular maintenance and replacement of drive chains, which ensures consistent demand. The market also benefits from the rising popularity of premium and high-performance motorcycles, which require superior quality chains capable of handling higher torque and speeds. Additionally, environmental regulations and the push for fuel efficiency are prompting developments in lighter and more efficient chain designs. Leading companies are investing in research and development to introduce products with reduced friction and noise, contributing to a better riding experience. The integration of smart technologies, such as chains with built-in wear indicators, is emerging as a trend, offering added value to consumers. These highlights collectively reflect a market that is responsive to technological advancements and consumer preferences, positioning it for sustained growth.

Drivers, Opportunities & Restraints

The motorcycle drive chain market is propelled by several drivers, including the global increase in motorcycle production and sales, particularly in emerging economies where motorcycles are a primary mode of transportation. The growing consumer inclination towards recreational biking and sports motorcycles also drives demand for high-performance drive chains. Opportunities abound in the development of eco-friendly and sustainable chain solutions, aligning with broader environmental goals, and in the expansion of the aftermarket segment through e-commerce platforms, making replacement parts more accessible. However, the market faces restraints such as the competition from alternative drive systems like belt drives and shaft drives, which offer lower maintenance requirements and longer life spans in certain applications. Economic fluctuations and raw material price volatility can impact production costs and profitability. Additionally, the need for regular maintenance and the potential for chain wear and tear pose challenges for consumer adoption in cost-sensitive markets. Despite these restraints, innovation and strategic partnerships present pathways for growth and market expansion.

Concentration Insights

The motorcycle drive chain market exhibits a concentrated landscape with a few key players dominating the global scene. Companies such as RK Excel, DID (Daido Kogyo Co., Ltd.), and Tsubakimoto Chain Co. hold significant market shares due to their extensive product portfolios, strong brand recognition, and longstanding industry presence. These leaders focus on continuous product development, quality assurance, and global distribution networks to maintain their competitive edge. The market also features several regional players and specialized manufacturers that cater to niche segments, such as off-road or racing motorcycles. Concentration is further influenced by mergers and acquisitions, where larger entities absorb smaller innovators to enhance their technological capabilities and market reach. Geographically, manufacturing and consumption are highly concentrated in Asia-Pacific, particularly in countries like Japan, India, and China, which are major hubs for motorcycle production. This concentration underscores the importance of strategic positioning and innovation for companies aiming to compete effectively in this market.

Type Insights

In the motorcycle drive chain market, products are primarily categorized based on type, with standard roller chains and O-ring chains being the most prevalent. Standard roller chains are widely used in various motorcycle applications due to their cost-effectiveness and simplicity, making them suitable for commuter and entry-level bikes. O-ring chains, which incorporate sealing rings to retain lubrication and reduce wear, are preferred for high-performance and off-road motorcycles where durability and maintenance intervals are critical. Another type includes X-ring chains, which offer improved sealing efficiency and lower friction compared to O-ring chains, catering to premium segments. Additionally, there are specialized chains designed for specific conditions, such as corrosion-resistant chains for wet environments or lightweight chains for racing applications. The choice of chain type depends on factors like motorcycle model, usage conditions, and consumer preferences for performance versus maintenance. Manufacturers continuously innovate within these types to enhance strength, reduce weight, and extend service life, addressing the diverse needs of the global motorcycle market.

Application Insights

The application of motorcycle drive chains spans across various segments, including commuter motorcycles, sports bikes, cruisers, and off-road motorcycles. Commuter motorcycles, which constitute a large portion of the market especially in Asia-Pacific and other developing regions, primarily use durable and cost-effective chains to ensure reliability for daily transportation. Sports bikes demand high-performance chains capable of handling extreme speeds and torque, often featuring advanced materials and designs like O-ring or X-ring chains for enhanced efficiency. Cruisers, known for their torque-heavy engines, require chains with high tensile strength and corrosion resistance to withstand long-distance riding conditions. Off-road motorcycles, used in rugged terrains, utilize chains with superior durability and mud-shedding capabilities. Additionally, the aftermarket segment represents a significant application area, where consumers replace chains for maintenance or upgrades. Each application has distinct requirements, driving manufacturers to develop tailored solutions that optimize performance, safety, and longevity for specific motorcycle types.

Regional Insights

The motorcycle drive chain market demonstrates distinct regional dynamics, with Asia-Pacific emerging as the dominant region due to high motorcycle production and consumption countries such as China, India, and Indonesia. This region benefits from a large population relying on motorcycles for daily commute, coupled with growing disposable incomes boosting demand for both OEM and aftermarket chains. North America and Europe show strong demand for premium and high-performance chains, driven by the popularity of sports bikes and recreational riding, with a focus on innovation and quality. Latin America and Middle East & Africa are evolving markets, where economic development and urbanization are increasing motorcycle adoption, though challenges like infrastructure and economic volatility persist. Regional insights also highlight variations in consumer preferences, with Asia-Pacific favoring cost-effective solutions, while Western markets prioritize advanced features and durability. Manufacturers adapt their strategies accordingly, focusing on regional distribution networks and product customization to capitalize on these diverse opportunities.

Company Insights

Key companies in the motorcycle drive chain market include RK Excel, DID (Daido Kogyo Co., Ltd.), Tsubakimoto Chain Co., BorgWarner Inc., and Regina Catene Calibrate S.p.A., among others. These players are renowned for their extensive research and development efforts, leading to innovations in chain design, materials, and manufacturing processes. RK Excel is known for its high-performance chains used in racing and premium motorcycles, while DID emphasizes durability and reliability across a broad product range. Tsubakimoto Chain Co. focuses on technological advancements, such as anti-corrosion coatings and lightweight designs. BorgWarner Inc. integrates chains into broader drivetrain solutions, offering comprehensive systems for automotive applications. Regina Catene Calibrate S.p.A. specializes in premium chains for various motorcycle segments. These companies compete on factors like product quality, brand reputation, and global distribution, often engaging in strategic partnerships and acquisitions to strengthen their market position. Their insights reveal a competitive landscape driven by innovation, customer focus, and adaptability to market trends.

Recent Developments

Recent developments in the motorcycle drive chain market highlight a trend towards innovation and sustainability. Leading companies have introduced chains with advanced materials, such as carbon steel alloys and diamond-like carbon coatings, to enhance strength and reduce friction. There is a growing focus on eco-friendly manufacturing processes and recyclable materials, aligning with global environmental regulations. Additionally, smart chains equipped with sensors for real-time wear monitoring are being developed, offering predictive maintenance capabilities and improving safety. Partnerships between chain manufacturers and motorcycle OEMs have intensified, leading to co-developed products tailored for specific models and performance requirements. The aftermarket segment has seen expansion through digital platforms, enabling easier access to replacement chains and related services. Furthermore, companies are investing in automation and Industry 4.0 technologies to optimize production efficiency and reduce costs. These developments reflect the market's responsiveness to technological advancements and consumer demands for higher performance and sustainability.

Report Segmentation

The motorcycle drive chain market report is segmented based on type, application, and region to provide a comprehensive analysis. By type, the segmentation includes standard roller chains, O-ring chains, X-ring chains, and others, each catering to different performance and maintenance needs. Application-wise, the market is divided into commuter motorcycles, sports bikes, cruisers, off-road motorcycles, and others, addressing the specific requirements of various motorcycle segments. Geographically, the report covers North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa, highlighting regional trends, growth patterns, and competitive landscapes. This segmentation allows for detailed insights into market dynamics, consumer behavior, and opportunities within each category. It enables stakeholders to identify niche segments, understand regional disparities, and make informed decisions regarding product development, marketing strategies, and investment priorities. The structured approach ensures a thorough examination of the market, facilitating targeted actions for businesses and professionals involved in the industry.

FAQs

What are the different types of motorcycle drive chains? Motorcycle drive chains mainly include standard roller chains, O-ring chains, X-ring chains, and specialized chains for specific applications, varying in design for performance, durability, and maintenance needs.

How often should a motorcycle drive chain be replaced? Replacement intervals depend on usage, maintenance, and chain type, but generally, chains should be inspected regularly and replaced every 20,000 to 30,000 kilometers or when signs of wear appear.

What factors affect the lifespan of a motorcycle drive chain? Lifespan is influenced by riding conditions, maintenance practices, lubrication quality, motorcycle type, and environmental factors like exposure to dirt and moisture.

Which companies are leading in the motorcycle drive chain market? Key players include RK Excel, DID, Tsubakimoto Chain Co., BorgWarner Inc., and Regina Catene Calibrate S.p.A., known for innovation and quality.

What are the advantages of O-ring chains over standard chains? O-ring chains offer better lubrication retention, reduced wear, longer service life, and lower maintenance requirements compared to standard chains, making them ideal for high-performance motorcycles.

How does regional demand vary in the motorcycle drive chain market? Asia-Pacific has high demand due to extensive motorcycle use for commuting, while North America and Europe focus on premium chains for sports and recreational biking, with other regions showing growing adoption.

Citius Research has developed a research report titled “Motorcycle Drive Chain Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Motorcycle Drive Chain Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Motorcycle Drive Chain Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Motorcycle Drive Chain Market Segmentation

Market Segmentation

Regions Covered

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

Motorcycle Drive Chain Market Analysis

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

• Overview of Motorcycle Drive Chain Market
• Research Methodology
• Executive Summary
• Market Dynamics of Motorcycle Drive Chain Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Motorcycle Drive Chain Market
• Cost and Gross Margin Analysis of Motorcycle Drive Chain Market
• Motorcycle Drive Chain Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Motorcycle Drive Chain Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Motorcycle Drive Chain Market Key Stakeholders

Below are the key stakeholders for the Motorcycle Drive Chain Market:

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

Motorcycle Drive Chain Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Motorcycle Drive Chain Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Motorcycle Drive Chain Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Motorcycle Drive Chain Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Motorcycle Drive Chain Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Motorcycle Drive Chain Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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For further details request a free sample copy of this report here.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Motorcycle Drive Chain Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Motorcycle Drive Chain Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Motorcycle Drive Chain Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Motorcycle Drive Chain Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Motorcycle Drive Chain Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Motorcycle Drive Chain Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Motorcycle Drive Chain Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Motorcycle Drive Chain Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Motorcycle Drive Chain Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Motorcycle Drive Chain Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Motorcycle Drive Chain 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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