Facial Epilator 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: CR0193652
  • Format: Electronic (PDF)
  • Number of Pages: 186
  • Author(s): Joshi, Madhavi

Report Overview

The Facial Epilator Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2.4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.80% during the forecast period (2024-2030).

Facial Epilator Market

(Market Size)
$1.2 billion
$2.4 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 10.80%
2023 Market Size USD 1.2 billion
2030 Market Size USD 2.4 billion
Key Players Braun, Philips, Panasonic, Remington, Emjoi

Market Summary

The facial epilator market represents a specialized segment within the broader personal care appliance industry, catering to the demand for at-home hair removal solutions. These devices are designed for precision, targeting unwanted facial hair on areas such as the upper lip, chin, cheeks, and eyebrows. The market is characterized by continuous innovation, with manufacturers focusing on enhancing user comfort through features like adjustable speed settings, cordless operation, and hypoallergenic materials. The consumer base is predominantly female, though products are increasingly marketed towards men for grooming purposes. The proliferation of e-commerce platforms has significantly expanded the reach of these products, allowing brands to directly engage with a global audience. The competitive environment is intense, with both established electronics giants and niche beauty brands vying for market share through technological superiority and aggressive marketing strategies. The market's trajectory is closely tied to beauty trends, disposable income levels, and the growing consumer preference for convenient, long-term hair removal methods over traditional salon visits or temporary solutions like waxing and shaving.

Key Highlights

The facial epilator market is distinguished by several key highlights that underscore its dynamism and potential. A primary highlight is the rapid technological evolution, with leading companies integrating advanced features such as LED lights for precision, wet and dry functionality for versatility, and smart sensors that adapt to skin tone and hair density. Sustainability has emerged as a critical differentiator, with brands like Braun and Philips promoting energy-efficient devices and recyclable packaging to appeal to environmentally conscious consumers. The influence of social media and beauty influencers cannot be overstated; their endorsements and tutorials have been instrumental in demystifying at-home epilation and driving product trials. Another significant highlight is the strategic expansion into emerging economies, where rising middle-class populations and increasing exposure to global beauty standards are creating substantial new demand. The market also benefits from a high rate of product replacement and upgrades, as consumers seek newer models with improved pain reduction technology and faster operation, ensuring consistent revenue streams for manufacturers.

Drivers, Opportunities & Restraints

The growth of the facial epilator market is propelled by several powerful drivers. A major driver is the increasing desire for personal grooming and well-being, fueled by societal pressure and the influence of digital media promoting flawless appearance. The convenience and cost-effectiveness of these devices compared to recurring professional salon treatments present a strong value proposition, encouraging consumer adoption. Furthermore, technological advancements that minimize discomfort during use are effectively breaking down a significant barrier to entry for new users. The market presents substantial opportunities, particularly in the development of devices tailored for sensitive skin and specific demographic groups, such as teenagers and men. The untapped potential in developing regions across Asia-Pacific and Latin America offers a fertile ground for expansion. However, the market is not without its restraints. A primary challenge is the presence of alternative hair removal methods, including DIY waxing kits, depilatory creams, and the increasing affordability of professional laser treatments. Economic downturns can also restrain growth, as these devices are often considered discretionary purchases. Additionally, concerns regarding skin irritation and the technical learning curve associated with effective use can deter potential customers.

Concentration Insights

The competitive concentration in the facial epilator market is notably high, indicating an oligopolistic structure dominated by a few key international players. Companies such as Procter & Gamble (Braun), Koninklijke Philips N.V., and Panasonic Corporation hold commanding market shares due to their extensive research and development capabilities, strong brand equity, and global distribution networks. These incumbents compete fiercely on the basis of technology, brand reputation, and product features, creating high barriers to entry for new participants. Despite this concentration, the market also supports a segment of smaller, niche brands that compete by targeting specific consumer needs, such as ultra-portable designs or devices using specific technology like IPL (Intense Pulsed Light). The concentration is further evidenced by strategic activities, including mergers and acquisitions, where larger entities absorb innovative startups to bolster their technology portfolios and expand their customer base. This high level of concentration ensures that innovation remains a constant, but it also means that pricing and marketing strategies are intensely competitive.

Type Insights

The facial epilator market is segmented by product type, primarily into rotary and tweezer epilators, with a growing segment dedicated to light-based devices. Rotary epilators utilize multiple rotating discs to grasp and remove hairs, often favored for their efficiency on finer facial hair. Tweezer epilators employ a series of tiny tweezers that open and close to pull hairs from the root, generally recognized for their precision on smaller areas like the eyebrows. A significant and rapidly advancing category is that of light-based epilators, which use technologies like Intense Pulsed Light (IPL) or laser to target the hair follicle and inhibit future growth, offering a more permanent solution. The choice between these types is largely influenced by consumer priorities; some prioritize speed and area coverage, while others seek precision and long-term results. Manufacturers are increasingly developing hybrid devices that combine epilation with other functions, such as cleansing or massaging, to enhance product value and appeal. The innovation in this segment is continuous, focusing on improving efficacy while simultaneously enhancing user comfort.

Application Insights

In terms of application, facial epilators are utilized for hair removal on various specific areas of the face, each with its own product design considerations. The upper lip is one of the most common application areas, leading to the design of compact, precision-focused heads. Chin and jawline hair removal requires devices that can navigate contours effectively, often featuring flexible heads or multiple attachment options. Eyebrow shaping is a sophisticated application that demands extreme precision, resulting in epilators with very narrow, targeted heads and often integrated trimmers for defining shape. Furthermore, there is a growing application for overall facial grooming, aimed at removing fine peach fuzz (vellus hair) across the cheeks and forehead, which is believed to promote smoother makeup application and better skin product absorption. The segmentation by application drives product diversification, as manufacturers develop specialized attachments and settings tailored to each specific use case, ensuring safety and effectiveness on different facial zones.

Regional Insights

The demand for facial epilators exhibits distinct regional patterns influenced by cultural beauty norms, economic development, and consumer awareness. North America and Europe are established, mature markets characterized by high consumer awareness, strong disposable income, and a well-developed retail infrastructure. In these regions, demand is driven by a preference for convenience and advanced technology. The Asia-Pacific region is the fastest-growing market, propelled by a massive population, rapidly expanding middle class, and increasing influence of Western beauty ideals. Countries like China, Japan, and South Korea are particularly significant, with consumers who are highly engaged with beauty technology and skincare. Latin America and the Middle East & Africa represent emerging markets with growing potential, as economic development increases access to consumer electronics and international brands expand their distribution channels. Regional preferences also vary; for instance, certain cultures have stronger traditions of facial hair removal, which directly influences market penetration and growth rates in those specific areas.

Company Insights

The facial epilator market features a blend of multinational conglomerates and specialized beauty brands, each employing distinct strategies to capture value. Procter & Gamble, through its Braun brand, is a market leader renowned for its Silk-?pil series, which emphasizes clinical efficacy and user-friendly design. Koninklijke Philips N.V. competes strongly with its Lumea line of IPL devices, focusing on the premium segment with technology that promises long-term hair reduction. Panasonic Corporation is another key player, known for its durable and versatile devices that often feature wet and dry operation. Beyond these giants, companies like Remington and Iluminage Beauty play significant roles, often competing on price or specialized technology. The competitive strategies revolve around continuous investment in R&D to improve pain management and efficiency, extensive marketing campaigns often featuring dermatological endorsements, and portfolio diversification to cover various price points and consumer segments, from budget-conscious buyers to those seeking luxury beauty gadgets.

Recent Developments

The facial epilator market has witnessed a series of impactful recent developments reflecting its innovative nature. A prominent trend is the integration of smart technology and connectivity, with new devices offering Bluetooth pairing to mobile applications. These apps provide users with personalized treatment plans, progress tracking, and reminders, enhancing the overall user experience. There has been a notable surge in the development and marketing of devices utilizing Intense Pulsed Light (IPL) technology, as brands push towards positioning their products as offering semi-permanent hair reduction solutions. Sustainability has moved to the forefront, with leading companies announcing initiatives to reduce plastic in packaging, increase energy efficiency of devices, and utilize more recyclable materials. Furthermore, strategic collaborations between epilator brands and skincare companies or dermatologists are increasing, aiming to validate product safety and efficacy through professional endorsements. These developments indicate a market that is rapidly evolving beyond basic hair removal to become a connected, personalized, and conscientious part of the beauty regimen.

Report Segmentation

This comprehensive market report on facial epilators provides a detailed segmentation analysis to offer granular insights into the industry dynamics. The report is meticulously segmented by product type, distinguishing between rotary epilators, tweezer epilators, and light-based epilators to analyze the adoption and growth trends of each technology. It further breaks down the market by application, providing dedicated analysis for upper lip, chin, eyebrow, and full-face grooming, highlighting the specific demands and innovation drivers for each area. A crucial segmentation by distribution channel is included, covering offline retail (specialty stores, hypermarkets) and online platforms (e-commerce websites, brand-owned sites), examining the shifting patterns of consumer purchasing behavior. Geographically, the report offers a thorough regional analysis across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, identifying key growth markets and regional peculiarities. This multi-faceted segmentation allows stakeholders to identify precise opportunities, understand competitive landscapes in niche segments, and formulate targeted strategies for growth and investment.

FAQs

What is a facial epilator? A facial epilator is a small electrical device designed to remove unwanted facial hair by mechanically grasping multiple hairs simultaneously and pulling them out from the root. It offers an alternative to waxing, tweezing, or shaving for areas like the upper lip, chin, and eyebrows.

How does a facial epilator work? It works using a head equipped with either rotating discs (rotary) or tiny tweezers that open and close. As the device glides over the skin, these mechanisms grab hairs and pluck them out. Some advanced models use light (IPL) to target the melanin in the hair follicle to reduce future growth.

Does using a facial epilator hurt? There can be discomfort, especially for first-time users, as it involves pulling hair from the root. However, most modern devices are designed with features to minimize pain, such as massage rollers, cooling technology, adjustable speed settings, and ergonomic designs. Sensitivity decreases with regular use.

What is the difference between an epilator and IPL? A traditional epilator is a mechanical device that physically removes hair. IPL (Intense Pulsed Light) devices use broad-spectrum light to target the hair follicle to impair its growth function, aiming for longer-term reduction rather than immediate removal. Some devices combine both technologies.

How long do the results from a facial epilator last? Because hair is removed from the root, results typically last longer than shaving. Regrowth can become visible in about two to four weeks. The regrown hair is often finer and softer. Consistent use over time can lead to sparser regrowth.

Can you use a facial epilator on sensitive skin? Many facial epilators are designed with sensitive skin in mind, featuring hypoallergenic materials, special comfort heads, and settings for gentle operation. It is always recommended to perform a patch test 24 hours before full use and to ensure the skin is clean, dry, and taught during epilation.

Citius Research has developed a research report titled “Facial Epilator 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

• Facial Epilator 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 Facial Epilator 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.

Facial Epilator Market Segmentation

Market Segmentation

Regions Covered

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

Facial Epilator Market Analysis

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

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

Facial Epilator Market Key Stakeholders

Below are the key stakeholders for the Facial Epilator Market:

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

Facial Epilator 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 Facial Epilator 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 Facial Epilator 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 Facial Epilator 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 Facial Epilator 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 Facial Epilator 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 Facial Epilator 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 Facial Epilator 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 Facial Epilator 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 Facial Epilator 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 Facial Epilator 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 Facial Epilator 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 Facial Epilator 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 Facial Epilator 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 Facial Epilator 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 Facial Epilator 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 Facial Epilator 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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