Digital BBQ Tongs and Thermometer 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: CR0193596
  • Format: Electronic (PDF)
  • Number of Pages: 195
  • Author(s): Joshi, Madhavi

Report Overview

The Digital BBQ Tongs and Thermometer Market size was estimated at USD 450 million in 2023 and is projected to reach USD 900 million by 2030, exhibiting a compound annual growth rate (CAGR) of 10.50% during the forecast period (2024-2030).

Digital BBQ Tongs and Thermometer Market

(Market Size)
$450 million
$900 million
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 10.50%
2023 Market Size USD 450 million
2030 Market Size USD 900 million
Key Players ThermoWorks, Weber, Maverick, Inkbird, Lavatools

Market Summary

The digital BBQ tongs and thermometer market represents a specialized segment within the consumer goods industry, specifically catering to outdoor cooking enthusiasts and professional chefs. This market focuses on technologically advanced grilling accessories that integrate digital thermometers directly into tongs or offer them as standalone precision instruments. These products are designed to enhance the grilling experience by providing accurate temperature readings, ensuring perfectly cooked food, and improving safety by reducing the need for constant manual checking. The evolution from traditional analog tools to digital, often Bluetooth or WiFi-enabled devices, signifies a broader trend of smart technology integration into household and recreational products. Key consumers include residential users for backyard barbecues and commercial entities within the foodservice sector. The market is characterized by continuous innovation, with manufacturers competing on features such as connectivity, durability, temperature range, and multi-probe capabilities. Growth is supported by a cultural emphasis on outdoor living and culinary precision, particularly in regions with strong barbecue traditions.

Key Highlights

The digital BBQ tongs and thermometer market is distinguished by several key technological advancements and consumer trends. A primary highlight is the integration of wireless connectivity, allowing users to monitor food temperatures remotely via smartphone applications, which adds a layer of convenience and precision. Many leading products now feature pre-programmed settings for various types of meat, ensuring optimal cooking results for users of all skill levels. Durability and design are also critical, with manufacturers utilizing high-grade stainless steel and heat-resistant materials to withstand rigorous outdoor use. Another significant trend is the emergence of multi-probe systems, enabling simultaneous monitoring of different foods or sections of a grill. The market also sees a convergence of functionality, with some digital tongs incorporating not only temperature sensors but also timers and ambient temperature readers. These innovations are driving product differentiation and fostering a competitive landscape where established kitchenware brands and specialized tech startups are actively participating.

Drivers, Opportunities & Restraints

The market is primarily driven by the growing consumer interest in outdoor cooking and gourmet food preparation at home. The rising popularity of barbecuing as a social and recreational activity fuels demand for tools that enhance efficiency and outcomes. Technological proliferation and the smart home trend present a significant driver, as consumers increasingly seek connected devices that offer data and control. A major opportunity lies in expanding into emerging markets where disposable incomes are rising, and outdoor cooking cultures are developing. Furthermore, opportunities exist in product diversification, such as developing specialized probes for different cooking methods like smoking or roasting. However, the market faces restraints including the relatively higher cost of digital products compared to traditional analog tools, which can limit adoption in price-sensitive consumer segments. Battery dependency and concerns over the longevity and repairability of electronic components also pose challenges. Market saturation in developed regions and the need for continuous innovation to maintain consumer interest are additional restraining factors that manufacturers must navigate.

Concentration Insights

The competitive landscape of the digital BBQ tongs and thermometer market is moderately concentrated, featuring a mix of well-established consumer electronics companies, specialized kitchenware manufacturers, and innovative startups. North America and Europe represent the core markets, housing the headquarters of many leading players such as Weber, ThermoWorks, and Maverick Housewares. These companies leverage strong brand recognition, extensive distribution networks, and robust research and development capabilities to maintain their market positions. The concentration of manufacturing is often in regions with advanced electronics production capabilities, particularly in Asia. However, the market also sees a significant number of smaller, agile companies that compete by focusing on niche applications, unique design, or direct-to-consumer sales models. This blend of large incumbents and smaller innovators creates a dynamic environment where competition is based on technological features, brand reputation, price, and distribution reach.

Type Insights

The market offerings can be broadly segmented into two primary types: integrated digital BBQ tongs and standalone digital thermometers. Integrated digital BBQ tongs combine the functionality of traditional food-handling tongs with an embedded temperature probe, often in the tip or jaw. This design allows for instant temperature reading while turning or handling food, promoting convenience and minimizing cross-contamination. Standalone digital thermometers are dedicated temperature probes that can be wired or wireless. Wireless models, which are increasingly prevalent, typically consist of a probe that remains in the food and a separate display unit or a connection to a smartphone app. These often support multiple probes for monitoring several items simultaneously and offer a wider range of features, including programmable alarms, temperature tracking graphs, and connectivity to other smart kitchen ecosystems. The choice between types often depends on the user's grilling style, desired level of precision, and preference for convenience versus specialized functionality.

Application Insights

The application of digital BBQ tongs and thermometers spans both residential and commercial sectors, each with distinct requirements. In the residential segment, these products are used by home cooks and barbecue enthusiasts to achieve restaurant-quality results in their backyards. The primary application is for grilling various meats?such as steak, poultry, pork, and fish?to a specific internal temperature, ensuring both safety and desired doneness. They are also used for smoking meats over long periods, where maintaining a consistent low temperature is critical. In the commercial application, which includes restaurants, catering services, and food trucks, these tools are essential for adhering to food safety standards and ensuring consistent product quality across high volumes. Commercial-grade devices often prioritize durability, speed of reading, and the ability to handle frequent use. The versatility of these tools also sees application in other outdoor cooking methods like campfire cooking and competitive barbecue events.

Regional Insights

The adoption and popularity of digital BBQ tongs and thermometers show distinct regional variations influenced by culinary traditions and economic factors. North America represents the largest and most mature market, driven by a deeply ingrained barbecue culture, particularly in the United States, and high consumer disposable income. Product innovation and early adoption of smart technology are prominent in this region. Europe follows closely, with strong demand in countries like Germany, the UK, and Australia, where outdoor grilling is a popular seasonal activity. The Asia Pacific region is identified as a high-growth market, fueled by rising urbanization, growing middle-class populations, and the gradual adoption of Western-style outdoor cooking in countries like China, Japan, and South Korea. Latin America and the Middle East and Africa are emerging markets where demand is growing from a smaller base, often correlated with economic development and the expansion of retail channels offering these specialized products.

Company Insights

The competitive landscape features a diverse array of companies ranging from global giants to specialized niche players. Prominent names include Weber-Stephen Products, known for its comprehensive ecosystem of grilling accessories; ThermoWorks, which is highly regarded for its professional-grade precision thermometers; and Taylor Precision Products, a established brand in temperature measurement. Other significant participants include Maverick Housewares, renowned for its wireless barbecue thermometers, and Char-Broil, which offers a range of affordable grilling tools. Companies like Inkbird and Govee have also gained traction by focusing on smart, app-connected devices. These players compete on various fronts including technological innovation?such as Bluetooth and WiFi connectivity, accuracy, and battery life?as well as brand reputation, product durability, and price point. The strategies often involve continuous product development, strategic marketing partnerships with culinary influencers, and expansion into new geographical markets through both online and offline retail channels.

Recent Developments

The market has witnessed significant recent developments centered on technological integration and enhanced user experience. A prominent trend is the deeper integration with Internet of Things (IoT) ecosystems, allowing digital thermometers to connect seamlessly with other smart kitchen devices and voice assistants for hands-free operation. Manufacturers are increasingly focusing on improving mobile application functionalities, offering features like step-by-step cooking guides, recipe integration based on temperature data, and cloud storage for cooking history. There is also a noticeable push towards improving power efficiency, with products featuring longer-lasting rechargeable batteries or low-energy Bluetooth connectivity. Furthermore, developments in sensor technology have led to probes that provide faster and more accurate readings. Sustainability has emerged as a focus area, with companies exploring the use of recycled materials in product construction and reducing packaging waste. These developments reflect the industry's response to consumer demands for convenience, precision, and environmentally conscious products.

Report Segmentation

This market research report on the digital BBQ tongs and thermometer market provides a detailed and structured analysis segmented to offer comprehensive insights. The segmentation is primarily based on product type, distinguishing between integrated digital BBQ tongs and standalone digital thermometers, with further breakdowns for connectivity options such as wired, wireless Bluetooth, and wireless WiFi. The report further segments the market by application, analyzing demand patterns across residential and commercial end-users. A significant portion of the analysis is dedicated to regional segmentation, covering key geographies including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each regional analysis delves into market trends, key players, and growth potential. Additional segmentation may include analysis by distribution channel, covering offline retail stores and online e-commerce platforms. This multi-faceted segmentation allows for a granular understanding of market dynamics, consumer preferences, and growth opportunities across different segments and regions.

FAQs

What is the advantage of a digital meat thermometer? Digital meat thermometers provide precise temperature readings, ensuring food is cooked to a safe internal temperature to eliminate harmful bacteria while achieving the desired level of doneness. They offer faster response times than analog versions and often feature programmable alarms and connectivity for remote monitoring.

How does a smart BBQ thermometer work? A smart BBQ thermometer typically consists of one or more food probes that are inserted into the meat and a transmitter unit. The transmitter sends temperature data via Bluetooth or WiFi to a paired smartphone app, allowing the user to monitor the cooking process remotely and receive alerts when target temperatures are reached.

Are wireless meat thermometers accurate? High-quality wireless meat thermometers are designed to be highly accurate, often within one degree. Their accuracy depends on the quality of the probe sensor and the calibration. It is recommended to look for models that are known for their precision and to occasionally verify their reading using a known reference, like an ice bath or boiling water.

What is the best thermometer for smoking meat? The best thermometers for smoking meat are those designed for long-term use at low temperatures and often feature multiple probes to monitor both the internal meat temperature and the ambient temperature inside the smoker simultaneously. Models with high-temperature resistant cables and reliable wireless range are particularly valued for this application.

Can you leave a meat thermometer in the oven? Yes, most digital meat thermometer probes are designed to be left in the oven during cooking. However, it is crucial to check the manufacturer's specifications for the maximum oven-safe temperature of both the probe and the cable. The base unit or transmitter, if it is a wireless model, must always remain outside the oven.

How long do digital thermometer probes last? The lifespan of a digital thermometer probe depends on its quality, frequency of use, and care. With proper maintenance?such as hand washing (unless explicitly dishwasher safe), careful storage to avoid bending the probe, and avoiding extreme physical shock?a high-quality probe can last for several years. The electronic unit itself typically has a longer lifespan.

Citius Research has developed a research report titled “Digital BBQ Tongs and Thermometer 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

• Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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.

Digital BBQ Tongs and Thermometer Market Segmentation

Market Segmentation

Regions Covered

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

Digital BBQ Tongs and Thermometer Market Analysis

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

• Overview of Digital BBQ Tongs and Thermometer Market
• Research Methodology
• Executive Summary
• Market Dynamics of Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer Market
• Cost and Gross Margin Analysis of Digital BBQ Tongs and Thermometer Market
• Digital BBQ Tongs and Thermometer 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 “Digital BBQ Tongs and Thermometer 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.

Digital BBQ Tongs and Thermometer Market Key Stakeholders

Below are the key stakeholders for the Digital BBQ Tongs and Thermometer Market:

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

Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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 Digital BBQ Tongs and Thermometer 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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