Air Freshener 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: CR0191864
  • Format: Electronic (PDF)
  • Number of Pages: 215
  • Author(s): Joshi, Madhavi

Report Overview

The Air Freshener Market size was estimated at USD 12 billion in 2023 and is projected to reach USD 17 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.50% during the forecast period (2024-2030).

Air Freshener Market

(Market Size)
$12 billion
$17 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 5.50%
2023 Market Size USD 12 billion
2030 Market Size USD 17 billion
Key Players Procter & Gamble, Reckitt Benckiser, SC Johnson, Henkel, Godrej

Market Summary

The air freshener market is a significant segment within the global consumer goods industry, characterized by a diverse range of products designed to eliminate odors and improve indoor air quality. This market caters to both household and commercial consumers, with products available in various forms such as sprays, gels, aerosols, electric diffusers, and passive delivery systems. The increasing consumer emphasis on creating pleasant and hygienic living and working environments is a primary factor driving market expansion. Additionally, rising disposable incomes, urbanization, and growing awareness regarding air quality and its impact on health contribute to sustained demand. The market is highly competitive, with numerous global and regional players continuously innovating to capture consumer interest through new fragrances, eco-friendly formulations, and advanced delivery mechanisms. Product development often focuses on natural ingredients, long-lasting effects, and aesthetic designs that complement modern home decor. The commercial segment, including offices, hotels, and automobiles, represents a substantial application area, further propelling market growth. The industry is also witnessing a shift towards smart and connected air care products, integrating technology for enhanced user control and convenience.

Key Highlights

The air freshener market is distinguished by several key factors that underscore its dynamism and potential. A prominent trend is the accelerating consumer shift towards natural and organic products, driven by heightened health and environmental consciousness. This has led manufacturers to reformulate products using essential oils and plant-based ingredients, reducing reliance on synthetic chemicals. Innovation in delivery systems is another critical highlight, with electric diffusers and smart devices gaining significant traction. These products offer features like programmable timers, adjustable intensity, and compatibility with smart home ecosystems, appealing to tech-savvy consumers. The market also benefits from robust marketing and branding strategies, where companies invest heavily in advertising campaigns that associate specific fragrances with emotions, lifestyles, and wellness. Strategic partnerships and collaborations between air freshener brands and renowned fragrance houses or designers are common, enhancing product prestige and appeal. Furthermore, the expansion of distribution channels, particularly the growth of e-commerce and organized retail, has made products more accessible to a wider audience, facilitating market penetration and growth across diverse geographic regions.

Drivers, Opportunities & Restraints

Market growth is propelled by several key drivers, including rising consumer disposable income, increasing urbanization, and a growing focus on home aesthetics and ambiance. The desire for a pleasant-smelling environment is no longer a luxury but a perceived necessity for many, supporting consistent product demand. Furthermore, heightened awareness of indoor air quality and its link to health and well-being encourages consumers to invest in air care solutions. The market presents substantial opportunities, particularly in the development of eco-friendly and sustainable products. The demand for green formulations, biodegradable materials, and refillable systems is creating a new and rapidly expanding niche. The integration of advanced technologies, such as IoT-enabled devices and app-controlled diffusers, represents another significant opportunity for innovation and premiumization. However, the market faces notable restraints. Stringent government regulations concerning volatile organic compound (VOC) emissions and the use of certain synthetic chemicals can limit product formulations and increase compliance costs. Growing consumer skepticism regarding the potential health hazards of prolonged exposure to artificial fragrances and aerosols also poses a challenge. Price sensitivity among certain consumer segments and intense market competition can pressure profit margins for manufacturers.

Concentration Insights

The global air freshener market exhibits a moderately concentrated competitive landscape, dominated by a handful of major multinational corporations that hold significant market share. These leading players, including SC Johnson & Son, Reckitt Benckiser Group plc, and Procter & Gamble, leverage their extensive distribution networks, strong brand equity, and substantial research and development capabilities to maintain a competitive edge. Their portfolios often encompass a wide array of brands catering to different price points and consumer preferences. Alongside these giants, there is a considerable presence of specialized and regional companies that compete by focusing on niche segments. These players often emphasize unique value propositions such as artisanal craftsmanship, hyper-localized fragrances, or strong commitments to sustainability and natural ingredients. The market concentration is also influenced by mergers and acquisitions, where larger entities acquire smaller, innovative brands to diversify their offerings and enter new market segments. This dynamic creates a market environment where global scale and brand recognition compete with agility, specialization, and targeted marketing strategies.

Type Insights

The air freshener market is segmented by product type, each with distinct characteristics and consumer appeal. Sprays and aerosols represent a traditional and widely used category, valued for their immediate effect and portability. Gel air fresheners and potpourri offer a more passive and continuous fragrance release, often chosen for their decorative elements and longer-lasting performance. The electric air freshener segment is experiencing rapid growth, driven by technological advancements. This category includes plug-in devices, scent diffusers, and nebulizers that provide consistent and controllable fragrance dispersion. Candle air fresheners combine ambiance with odor control, appealing to consumers seeking a multi-sensory experience. Recently, smart air fresheners have emerged as a premium category, integrating with home automation systems for customized scent schedules via smartphone applications. Each type caters to specific usage occasions, consumer preferences, and price sensitivities, with innovation continuously blurring the lines between categories through hybrid products and multi-functional designs.

Application Insights

Air freshener applications are broadly categorized into household, commercial, automotive, and other segments. The household segment is the largest, encompassing use in living rooms, bedrooms, kitchens, and bathrooms. Consumers seek products that not only mask odors but also contribute to a clean, welcoming, and personalized home environment. The commercial application segment is substantial and diverse, including offices, hotels, retail stores, healthcare facilities, and restaurants. In these settings, air fresheners are used to create a positive impression on clients and guests, enhance brand identity through signature scents, and maintain a fresh atmosphere in high-traffic areas. The automotive application is a specialized and growing niche, with products designed specifically for use in car interiors to combat confined space odors. This includes vent clips, spray cans, and built-in systems. Other applications include use in public restrooms, warehouses, and industrial settings, where the primary focus is on powerful odor neutralization rather than aesthetic fragrance delivery.

Regional Insights

The demand for air fresheners varies significantly across different geographic regions, influenced by cultural norms, economic development, and consumer lifestyles. North America and Europe are mature markets characterized by high consumer awareness, strong purchasing power, and a well-established retail infrastructure. These regions show a pronounced preference for premium, innovative, and natural products, with significant growth in the electric and smart air freshener categories. The Asia-Pacific region is identified as the fastest-growing market, driven by rapid urbanization, a expanding middle class, and increasing Western influence on domestic lifestyles. Countries like China, India, and Japan present immense growth potential, although consumer preferences can vary greatly, with a mix of demand for economical and luxury products. Latin America and the Middle East & Africa are emerging markets where growth is fueled by economic development and rising consumer expenditure on home care products. However, market penetration in these regions can be uneven, often concentrated in urban centers.

Company Insights

The competitive landscape of the air freshener market is populated by a mix of global consumer goods giants and specialized manufacturers. Key players such as SC Johnson & Son, with brands like Glade and Oust, and Reckitt Benckiser Group plc, with Air Wick, have a formidable global presence built on extensive product portfolios and massive marketing budgets. The Procter & Gamble Company competes strongly with its Febreze brand, known for its odor-eliminating technology. Henkel AG & Co. KGaA and Godrej Consumer Products Limited are also significant contenders with wide regional reach. Beyond these, companies like Newell Brands (which owns WoodWick and Chesapeake Bay Candle) and Car-Freshner Corporation (the maker of Little Trees air fresheners) dominate specific niches like candles and automotive air care, respectively. The market also features a growing number of smaller, agile companies such as Pura Scents and Aura Cacia that focus on natural, organic, and digitally-native direct-to-consumer models, challenging incumbents with innovative approaches and targeted branding.

Recent Developments

The air freshener market is continuously evolving, with recent developments highlighting trends in sustainability, technology, and product innovation. A major trend is the industry-wide push towards sustainability, leading to the launch of numerous products featuring natural ingredients, recycled packaging, and refillable systems to minimize plastic waste. Technological integration remains a key focus area, with leading companies launching new smart home-compatible devices that allow users to control fragrance intensity and scheduling via mobile apps and voice assistants. There has been a noticeable increase in collaborations between air freshener brands and well-known designers or luxury fragrance houses to create limited-edition, premium products that serve as lifestyle accessories. Furthermore, companies are expanding their research into advanced odor-neutralizing technologies that go beyond masking smells to actually breaking down odor molecules. The e-commerce channel has also seen enhanced focus, with brands developing immersive online experiences, subscription models, and personalized scent recommendations to engage consumers directly and build brand loyalty in a digital-first landscape.

Report Segmentation

This comprehensive market research report on the global air freshener market provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the industry. The report is segmented by product type, which includes sprays/aerosols, gel air fresheners, electric air fresheners, candle air fresheners, and other emerging types like smart devices. Another critical segmentation is by application, covering the key end-use sectors: household, commercial, automotive, and others. The report further breaks down the market by distribution channel, analyzing sales through hypermarkets/supermarkets, convenience stores, online retail platforms, and other specialty stores. Geographically, the report provides an in-depth regional analysis covering North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with specific insights into key countries within each region. This multi-faceted segmentation allows stakeholders to identify high-growth segments, understand regional dynamics, analyze competitive positioning, and pinpoint specific opportunities for investment and strategic planning within the global air freshener market.

FAQs

What are the key drivers of the air freshener market?

Key drivers include rising consumer disposable income, increasing urbanization, a growing emphasis on home aesthetics and ambiance, and heightened awareness of indoor air quality and its impact on health and wellness.

Which companies are the leaders in the air freshener market?

Global market leaders include SC Johnson & Son, Reckitt Benckiser Group plc, Procter & Gamble, and Henkel AG & Co. KGaA. Specialized leaders in niches include Car-Freshner Corporation in automotive air care.

What are the different types of air fresheners available?

The market offers a diverse range including sprays and aerosols, gels, electric plug-ins and diffusers, scented candles, and increasingly popular smart devices that can be controlled via smartphones.

How is the trend towards natural products affecting the market?

The demand for natural and organic products is significantly shaping the market, driving manufacturers to reformulate products using essential oils, plant-based ingredients, and sustainable packaging to meet consumer preferences for eco-friendly options.

What are the main applications for air fresheners?

The primary applications are in households, various commercial spaces like offices and hotels, and the automotive industry. Each segment has specific demands for fragrance strength, duration, and delivery systems.

Which region is growing the fastest in the air freshener market?

The Asia-Pacific region is observed to be the fastest-growing market for air fresheners, fueled by rapid economic development, urbanization, a growing middle class, and changing lifestyle patterns.

Citius Research has developed a research report titled “Air Freshener 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

• Air Freshener 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 Air Freshener 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.

Air Freshener Market Segmentation

Market Segmentation

Regions Covered

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

Air Freshener Market Analysis

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

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

Air Freshener Market Key Stakeholders

Below are the key stakeholders for the Air Freshener Market:

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

Air Freshener 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 Air Freshener 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 Air Freshener 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 Air Freshener 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 Air Freshener 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 Air Freshener 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.
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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 Air Freshener 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 Air Freshener 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 Air Freshener 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 Air Freshener 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 Air Freshener 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 Air Freshener 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 Air Freshener 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 Air Freshener 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 Air Freshener 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 Air Freshener 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 Air Freshener 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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