Gas Ranges 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: CR0193680
  • Format: Electronic (PDF)
  • Number of Pages: 188
  • Author(s): Joshi, Madhavi

Report Overview

The Gas Ranges Market size was estimated at USD 12 billion in 2023 and is projected to reach USD 20 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024-2030).

Gas Ranges Market

(Market Size)
$12 billion
$20 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.00%
2023 Market Size USD 12 billion
2030 Market Size USD 20 billion
Key Players GE Appliances, Whirlpool, Samsung, LG, Frigidaire

Market Summary

The gas ranges market is a significant segment within the consumer goods industry, characterized by steady demand driven by residential and commercial cooking applications. These appliances, which utilize natural gas or propane as fuel, are preferred for their precise temperature control, instant heat, and lower operating costs compared to electric alternatives. The market encompasses a variety of products including freestanding, slide-in, drop-in, and built-in models, catering to diverse consumer preferences and kitchen configurations. Key players in the industry continuously innovate to enhance energy efficiency, safety features, and aesthetic appeal, integrating advanced technologies such as electronic ignition, convection baking, and smart connectivity. The market is influenced by factors such as urbanization, rising disposable incomes, and the growth of the hospitality sector. Regional dynamics vary, with developed regions showing demand for premium and smart appliances, while emerging economies witness growth due to increasing gas infrastructure and household penetration. The competitive landscape includes established brands and emerging manufacturers focusing on product differentiation and strategic partnerships to capture market share.

Key Highlights

The gas ranges market is distinguished by several key highlights that underscore its dynamics and evolution. Energy efficiency remains a critical focus, with manufacturers developing models that minimize gas consumption and reduce environmental impact. Safety features have seen significant advancements, including automatic shut-off valves, flame failure devices, and child lock systems, enhancing consumer confidence. Design innovation is prominent, with stainless steel finishes, customizable knobs, and seamless integration into modern kitchen aesthetics being major selling points. The integration of smart technology is a growing trend, allowing users to control cooking settings via smartphones and voice assistants, and receive maintenance alerts. The market also benefits from the robustness of gas as a reliable energy source, particularly in regions with stable gas supply networks. Additionally, the after-sales service and warranty offerings provided by leading companies play a crucial role in brand loyalty and customer retention. These highlights collectively drive consumer preference and market growth, reinforcing the position of gas ranges as essential household and commercial appliances.

Drivers, Opportunities & Restraints

The gas ranges market is propelled by several drivers, including the increasing adoption of natural gas as a cost-effective and efficient energy source for cooking. The growth in residential construction and renovation activities, particularly in urban areas, boosts demand for modern kitchen appliances. Rising consumer awareness regarding energy efficiency and environmental sustainability encourages the purchase of advanced gas range models that offer better fuel utilization. Opportunities abound in the development of smart and connected appliances, which cater to the tech-savvy consumer segment seeking convenience and integration with smart home ecosystems. Expansion into emerging markets, where gas infrastructure is improving, presents significant growth potential for manufacturers. However, the market faces restraints such as the availability and cost of natural gas in certain regions, which can limit adoption. Competition from electric and induction cooktops, which are perceived as safer and easier to clean, also poses a challenge. Regulatory standards and safety certifications required for gas appliances can increase production costs and time-to-market. Additionally, economic fluctuations and supply chain disruptions impact raw material availability and pricing, affecting overall market stability.

Concentration Insights

The gas ranges market exhibits a concentrated competitive landscape with a few dominant players holding significant market share. Companies such as Whirlpool Corporation, GE Appliances, LG Electronics, Samsung Electronics, and Electrolux are key influencers, leveraging their extensive distribution networks and strong brand recognition. These established players focus on continuous innovation, extensive product portfolios, and strategic mergers and acquisitions to strengthen their market position. Regional players also contribute to market dynamics, often catering to local preferences and offering competitive pricing. The market concentration is higher in developed regions like North America and Europe, where consumer preference for premium brands is pronounced. In contrast, emerging markets in Asia-Pacific and Latin America show a more fragmented landscape with numerous local manufacturers. The concentration insights reveal that while large corporations lead in technological advancements and global reach, niche players and new entrants find opportunities through specialized products and cost-effective solutions. Collaboration with retailers and online platforms is a common strategy to enhance market penetration and consumer engagement.

Type Insights

Gas ranges are categorized into various types based on design and installation methods, each catering to specific consumer needs. Freestanding ranges are the most common, offering flexibility and ease of installation, making them popular in residential settings. Slide-in ranges provide a built-in look without requiring custom cabinetry, appealing to homeowners seeking a seamless kitchen aesthetic. Drop-in ranges are designed to fit into existing countertops and are often used in kitchen islands or specific layouts. Built-in ranges include separate cooktops and wall ovens, allowing for customized kitchen designs and are preferred in high-end applications. Each type varies in features such as burner capacity, oven size, and control options. Freestanding models typically include back guards and storage drawers, while slide-in and drop-in types focus on flush installation. Built-in configurations offer greater flexibility in kitchen planning but require professional installation. Consumer preferences influence the demand for each type, with freestanding ranges dominating volume sales due to their affordability and versatility, while built-in and slide-in models gain traction in premium segments.

Application Insights

Gas ranges find applications across residential and commercial sectors, each with distinct requirements and usage patterns. In residential settings, gas ranges are essential kitchen appliances used for daily cooking tasks, with demand driven by homeownership trends, kitchen remodeling, and consumer preferences for gas cooking due to its responsiveness and control. Households vary in their needs, from basic models for budget-conscious consumers to high-end ranges with advanced features for luxury homes. The commercial application includes restaurants, hotels, catering services, and institutional kitchens where gas ranges are valued for their durability, high heat output, and ability to handle heavy usage. Commercial models often feature multiple burners, larger oven capacities, and robust construction to withstand rigorous environments. The hospitality industry's growth, particularly in emerging economies, significantly boosts commercial demand. Additionally, outdoor gas ranges for patios and outdoor kitchens represent a niche segment. Understanding these application insights helps manufacturers tailor products to specific user needs, ensuring functionality, safety, and efficiency in both residential and commercial contexts.

Regional Insights

The gas ranges market demonstrates varied regional dynamics influenced by economic conditions, energy infrastructure, and cultural preferences. North America is a mature market characterized by high household penetration of gas ranges, with demand driven by replacement purchases and kitchen upgrades. The United States leads in consumption, with consumers favoring large, feature-rich models. Europe shows steady demand, particularly in countries with well-established natural gas networks like Germany and the UK, where energy efficiency standards shape product offerings. The Asia-Pacific region is the fastest-growing market, fueled by urbanization, rising disposable incomes, and expanding gas distribution in countries such as China and India. Cultural affinity for gas cooking in many Asian countries further propels adoption. Latin America and the Middle East & Africa exhibit growth potential, though hampered by inconsistent gas availability in some areas. Regional insights highlight the importance of adapting marketing strategies and product features to local preferences, such as compact designs in space-constrained urban Asia or robust models for commercial use in growing hospitality sectors globally.

Company Insights

Leading companies in the gas ranges market include Whirlpool Corporation, known for its KitchenAid and Maytag brands offering durable and innovative models. GE Appliances, a Haier company, emphasizes smart technology and energy efficiency in its product lineup. LG Electronics and Samsung Electronics integrate advanced features like smart connectivity and sleek designs, catering to modern consumers. Electrolux, through its Frigidaire and Electrolux brands, focuses on reliability and user-friendly interfaces. Bosch is recognized for its premium built-in ranges with precision engineering. These companies invest heavily in research and development to introduce features such as voice control, air frying capabilities, and improved safety mechanisms. Market strategies include expanding distribution channels, enhancing online presence, and offering extended warranties to build consumer trust. Regional players like Haier in Asia and Mabe in Latin America also hold significant market share by addressing local needs and competitive pricing. Company insights reveal a competitive environment where innovation, brand reputation, and after-sales service are critical differentiators in capturing and retaining market share.

Recent Developments

Recent developments in the gas ranges market reflect a focus on technological integration and sustainability. Manufacturers have introduced models with Wi-Fi connectivity, allowing users to monitor and control cooking via mobile apps, and compatibility with voice assistants like Amazon Alexa and Google Assistant. Energy efficiency improvements are evident through the adoption of advanced burner designs that reduce gas consumption while maintaining high performance. Safety enhancements include more reliable flame failure devices and automatic shut-off features to prevent gas leaks. Design trends show a shift towards minimalist aesthetics with easy-to-clean surfaces and customizable control panels. Companies are also expanding their product lines to include dual-fuel ranges, combining gas cooktops with electric ovens for versatile cooking options. Partnerships with kitchen designers and retailers have increased to enhance consumer engagement and drive sales. Additionally, there is a growing emphasis on environmentally friendly manufacturing processes and the use of recyclable materials. These developments indicate a market evolving towards smarter, safer, and more sustainable appliances, aligning with consumer expectations and regulatory requirements.

Report Segmentation

This report on the gas ranges market provides a detailed segmentation to offer comprehensive insights into various aspects of the industry. The segmentation is based on type, application, and region. By type, the market is divided into freestanding ranges, slide-in ranges, drop-in ranges, and built-in ranges, each analyzed for their market share, growth potential, and consumer adoption trends. Application segmentation covers residential and commercial sectors, examining usage patterns, demand drivers, and specific requirements for each segment. Regional segmentation includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, highlighting regional market size, growth rates, and key influencing factors. Each segment is evaluated through qualitative and quantitative analysis, providing stakeholders with a clear understanding of market dynamics. The report also considers factors such as pricing analysis, distribution channels, and competitive landscape within each segment. This structured approach enables businesses to identify opportunities, assess risks, and make informed decisions based on granular market data and trends.

FAQs

What are the advantages of gas ranges over electric ranges? Gas ranges offer instant heat control, lower operating costs, and better temperature precision, making them preferred for cooking techniques that require quick adjustments. They also remain functional during power outages, unlike electric models.

How do I maintain and clean a gas range? Regular maintenance includes wiping surfaces after use, cleaning burners and grates with mild detergent, and checking for clogs in burner ports. For deep cleaning, use appropriate cleaners for stainless steel or enamel surfaces and ensure gas lines are inspected periodically by professionals.

Are gas ranges safe to use? Modern gas ranges incorporate safety features such as flame failure devices, which cut off gas supply if the flame extinguishes, and automatic ignition systems that eliminate the need for constant pilot lights. Proper installation and ventilation are crucial to ensure safe operation.

What should I consider when buying a gas range? Key considerations include the size and layout of your kitchen, the number and type of burners needed, oven capacity, energy efficiency ratings, additional features like convection baking or smart controls, and budget constraints.

Can gas ranges be used with natural gas and propane? Many gas ranges are designed to be convertible between natural gas and propane, often requiring a conversion kit that includes different orifices and regulators. It is essential to follow manufacturer instructions or seek professional assistance for conversion.

What are the latest trends in gas ranges? Current trends include the integration of smart technology for remote control and monitoring, dual-fuel options combining gas cooktops with electric ovens, designs with streamlined aesthetics for modern kitchens, and enhancements in energy efficiency and safety features.

Citius Research has developed a research report titled “Gas Ranges 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

• Gas Ranges 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 Gas Ranges 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.

Gas Ranges Market Segmentation

Market Segmentation

Regions Covered

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

Gas Ranges Market Analysis

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

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

Gas Ranges Market Key Stakeholders

Below are the key stakeholders for the Gas Ranges Market:

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

Gas Ranges 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 Gas Ranges 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 Gas Ranges 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 Gas Ranges 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 Gas Ranges 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 Gas Ranges 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 Gas Ranges 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 Gas Ranges 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 Gas Ranges 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 Gas Ranges 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 Gas Ranges 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 Gas Ranges 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 Gas Ranges 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 Gas Ranges 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 Gas Ranges 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 Gas Ranges 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 Gas Ranges 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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