Hip shield 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: CR0193707
  • Format: Electronic (PDF)
  • Number of Pages: 190
  • Author(s): Joshi, Madhavi

Report Overview

The Hip shield Market size was estimated at USD 280 million in 2023 and is projected to reach USD 550 million by 2030, exhibiting a compound annual growth rate (CAGR) of 10.00% during the forecast period (2024-2030).

Hip shield Market

(Market Size)
$280 million
$550 million
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 10.00%
2023 Market Size USD 280 million
2030 Market Size USD 550 million
Key Players D3O, POC, G-Form, Xion, Forcefield

Market Summary

The hip shield market represents a specialized segment within the consumer goods industry, focusing primarily on protective gear designed to prevent and mitigate hip injuries. These products are integral across various demographics, particularly among the elderly population prone to falls and athletes engaged in high-impact sports. The market is characterized by continuous innovation in materials and design, aiming to enhance comfort, discretion, and protective efficacy. Manufacturers are increasingly integrating advanced polymers and smart textiles to create lightweight yet highly durable shields that can be worn under clothing without restriction. The growing emphasis on active aging and the importance of injury prevention in sports are fundamental trends propelling this niche market forward. Distribution channels are diverse, spanning online retail, medical supply stores, and sporting goods outlets, ensuring wide accessibility to end-users. The competitive landscape is dynamic, with both established medical device companies and agile startups striving to capture market share through technological differentiation and strategic partnerships.

Key Highlights

A pivotal highlight of the hip shield market is the critical role of technological advancement in product development. Leading companies are investing heavily in research to create shields that offer superior impact absorption, often utilizing proprietary materials like non-Newtonian polymers that remain flexible during normal movement but harden instantly upon impact. Another significant highlight is the strong alignment with global healthcare initiatives aimed at reducing the societal and economic burdens associated with hip fractures, particularly in aging societies. The market has also seen a surge in consumer awareness campaigns, educating the public on the importance of proactive protection, which directly fuels demand. Furthermore, the diversification of product offerings to cater to specific applications, from clinical use for osteoporosis patients to performance wear for professional athletes, underscores the market's adaptability and growth potential. The integration of wearable technology for fall detection and impact monitoring is emerging as a key innovation frontier, adding a layer of functionality beyond mere physical protection.

Drivers, Opportunities & Restraints

The primary driver for the hip shield market is the demographic shift towards an older global population, which inherently increases the population at risk for fall-related hip injuries. This is compounded by rising healthcare costs associated with treating such injuries, making preventive solutions like hip shields economically attractive for consumers and healthcare providers alike. Concurrently, increasing participation in adventure and contact sports among all age groups is expanding the consumer base, driving demand for high-performance protective gear. A significant opportunity lies in the untapped potential of emerging economies, where growing health consciousness and disposable incomes present fertile ground for market expansion. Additionally, the convergence of smart technology with personal protective equipment opens new avenues for product innovation and premiumization. However, the market faces notable restraints, including consumer reluctance due to aesthetic concerns and discomfort associated with wearing protective gear. High product costs can also be a barrier to adoption, particularly in price-sensitive markets. Regulatory hurdles and the need for clinical validation for medical-grade claims can also slow down time-to-market for new innovations.

Concentration Insights

The hip shield market exhibits a concentration of key players and innovation in regions with advanced healthcare systems and strong sporting cultures, notably North America and Europe. These regions are home to prominent manufacturers such as HipSaver, Tytex, and SafeHip, which have established strong brand recognition and distribution networks. The market concentration is also evident in the technological expertise required for material science and product design, creating a moderately high barrier to entry for new participants. While a few major players hold significant market share, the landscape also includes numerous smaller, niche companies focusing on specific applications or demographic segments, such as products tailored for children or for specific sports like mountain biking or ice hockey. This creates a competitive environment that is both consolidated at the top and fragmented at the specialty level, driving continuous innovation as companies strive to differentiate their offerings and capture specific consumer needs.

Type Insights

Hip shields are primarily categorized based on their construction and the type of protection they offer. The main types include soft shell protectors and hard shell protectors. Soft shell protectors are typically made from padded fabrics or advanced foam materials that are designed to be comfortable and discreet under clothing. They are often preferred for everyday use by the elderly, as they prioritize comfort and ease of wear. Hard shell protectors, in contrast, feature a rigid plastic outer layer designed to deflect and distribute impact force more effectively. These are commonly used in high-impact sports environments where the risk of a direct, forceful hit is greater. A growing segment involves hybrid designs that combine elements of both, aiming to offer the comfort of soft shells with the superior protection of hard shells. Furthermore, products are differentiated by their form factor, including integrated shorts, adjustable belts, and single-sided protectors, allowing consumers to choose based on their specific activity level and protection requirements.

Application Insights

The application of hip shields spans two major domains: medical and sports. In the medical application, the primary user group is the elderly population, particularly those with conditions like osteoporosis or those recovering from previous falls. Here, hip shields are a critical component of fall management programs in hospitals, nursing homes, and for individuals living independently. The focus is on prevention, aiming to reduce the incidence of hip fractures which can lead to severe complications. In the sports application, the user base is vastly different, encompassing professional athletes, amateur sports enthusiasts, and children. Sports such as football, hockey, skiing, skateboarding, and equestrian activities drive demand for high-performance hip protection. The requirements here emphasize impact resistance, mobility, moisture-wicking properties, and integration with other sportswear. The distinction between these applications dictates material choice, design philosophy, marketing strategies, and distribution channels for manufacturers.

Regional Insights

Geographically, the demand for hip shields is strongest in developed regions. North America holds a significant share of the market, driven by a high awareness of preventive healthcare, a robust sports industry, and a well-established network of distributors and retailers. The presence of leading market players and a high adoption rate of advanced protective gear contribute to its dominance. Europe follows closely, with its aging population and strong government focus on reducing healthcare burdens through preventive measures acting as key growth factors. Countries like Germany, the UK, and the Nordic countries are particularly prominent markets. The Asia Pacific region is identified as a high-growth market, fueled by its rapidly aging population in countries like Japan and South Korea, increasing health expenditure, and a growing middle class adopting active and sporting lifestyles. However, market penetration in many parts of Asia, Africa, and Latin America remains low, representing long-term growth opportunities as awareness increases and economic conditions improve.

Company Insights

The competitive landscape of the hip shield market features a mix of specialized protective gear companies and larger medical device manufacturers. Key players include HipSaver, a company renowned for its focus on fall prevention for the elderly with a wide range of clinically tested products. Tytex is another significant participant, known for its expertise in technical textiles and manufacturing protectors for both medical and sports applications. Companies like SafeHip and Shield Manufacturing also have a strong presence, often focusing on innovative designs and materials. In the sports segment, brands such as POC, D3O, and G-Form are influential, leveraging their expertise in impact protection technology across various sports equipment. These companies compete on factors including material innovation, product efficacy proven through testing, comfort, brand reputation, and the ability to secure partnerships with healthcare providers, senior care facilities, and sports teams. The strategies often involve continuous product development, geographic expansion, and educational marketing to build consumer trust.

Recent Developments

The hip shield market has witnessed several noteworthy recent developments centered on innovation and strategic growth. A prominent trend is the increased integration of smart technology, where companies are developing connected hip protectors equipped with sensors that can detect falls and automatically alert emergency contacts or medical services. This adds a crucial layer of safety and responsiveness. Material science continues to evolve, with a focus on developing thinner, lighter, and more breathable materials that do not compromise on protection, enhancing user compliance. Furthermore, there has been a surge in collaborations between hip shield manufacturers and apparel brands to create stylish, integrated clothing lines that conceal protective gear, directly addressing aesthetic concerns. On the corporate front, key players have been engaging in strategic acquisitions to broaden their product portfolios and expand their geographic footprint, particularly into high-growth Asian markets. These developments collectively indicate a market that is rapidly advancing to meet sophisticated and diverse consumer demands.

Report Segmentation

This comprehensive market research report on the hip shield market provides a detailed analysis segmented across multiple dimensions to offer granular insights. The segmentation allows for a thorough understanding of specific market dynamics. The report is segmented by type, distinguishing between soft shell hip protectors and hard shell hip protectors, analyzing the adoption trends, material innovations, and consumer preferences associated with each. It is further segmented by application, providing a deep dive into the distinct drivers, challenges, and growth patterns within the medical and sports sectors. Geographically, the report offers a regional breakdown, covering North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, highlighting regional trends, key countries, and growth opportunities. An additional segmentation may focus on distribution channel, examining the performance of online versus offline retail, and specialty stores versus mass merchandisers. This multi-faceted segmentation equips businesses and investors with the precise data needed to identify target segments, assess competition, and formulate effective market entry or expansion strategies.

FAQs

What materials are commonly used in hip shields? Hip shields are typically constructed from advanced polymer foams, such as closed-cell ethylene-vinyl acetate (EVA) foam, or non-Newtonian materials like D3O, which remain flexible until subjected to a sudden impact, at which point they harden to absorb and dissipate energy. Some designs also incorporate hard thermoplastics or carbon fiber for shells in high-impact sports applications.

Who are the main manufacturers of hip protection products? The market includes specialized companies like HipSaver and SafeHip that focus on medical-grade protection for the elderly. For sports applications, leading manufacturers include POC, D3O, and G-Form, which are known for integrating advanced protective technology into sportswear and equipment.

How does a hip protector prevent fractures? A hip protector works by absorbing and dispersing the kinetic energy from a fall impact away from the greater trochanter of the femur (the hip bone). This prevents the full force of the impact from concentrating on the bone, thereby significantly reducing the risk of a fracture.

What is the difference between hard and soft shell hip protectors? Hard shell protectors use a rigid plastic cap to deflect impact force and are often favored for high-risk activities and sports. Soft shell protectors use dense, energy-absorbing foam and are designed for everyday comfort and discretion, making them popular for elderly use under clothing.

Which regions have the highest demand for hip shields? The highest demand currently comes from North America and Europe, driven by aging populations, high healthcare awareness, and strong sports cultures. The Asia Pacific region is rapidly emerging as a high-growth market due to similar demographic trends and increasing health consciousness.

Are there hip shields designed for specific sports? Yes, many manufacturers offer hip shields tailored for specific sports such as ice hockey, football, mountain biking, skiing, and equestrian activities. These are designed to integrate seamlessly with other protective gear and sport-specific apparel, offering targeted protection without hindering performance.

Citius Research has developed a research report titled “Hip shield 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

• Hip shield 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 Hip shield 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.

Hip shield Market Segmentation

Market Segmentation

Regions Covered

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

Hip shield Market Analysis

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

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

Hip shield Market Key Stakeholders

Below are the key stakeholders for the Hip shield Market:

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

Hip shield 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 Hip shield 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 Hip shield 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 Hip shield 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 Hip shield 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 Hip shield 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 Hip shield 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 Hip shield 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 Hip shield 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 Hip shield 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 Hip shield 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 Hip shield 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 Hip shield 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 Hip shield 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 Hip shield 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 Hip shield 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 Hip shield 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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