Neck Pillows 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: CR0193784
  • Format: Electronic (PDF)
  • Number of Pages: 196
  • Author(s): Joshi, Madhavi

Report Overview

The Neck Pillows Market size was estimated at USD 1.1 billion in 2023 and is projected to reach USD 2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.90% during the forecast period (2024-2030).

Neck Pillows Market

(Market Size)
$1.1 billion
$2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.90%
2023 Market Size USD 1.1 billion
2030 Market Size USD 2 billion
Key Players Cabeau, Tempur-Pedic, Samsonite, Travelrest, Core Products

Market Summary

The neck pillows market is a dynamic segment within the consumer goods industry, characterized by increasing consumer awareness regarding sleep quality, travel comfort, and ergonomic support. These products are designed to provide cervical support, alleviate neck pain, and enhance overall comfort during various activities such as long-haul travel, office work, and home relaxation. The market caters to a diverse consumer base, including frequent travelers, office professionals, and individuals with specific health conditions requiring orthopedic support. Innovation in materials and design is a key trend, with manufacturers focusing on memory foam, cooling gels, and adjustable features to meet evolving consumer preferences. The rise in global travel and the growing emphasis on wellness and self-care are significant factors propelling market expansion. Additionally, the proliferation of e-commerce platforms has made these products more accessible to a wider audience, further driving sales. The competitive landscape is marked by the presence of both established brands and emerging players, all striving to capture market share through product differentiation and strategic marketing. Sustainability is also becoming a consideration, with some companies exploring eco-friendly materials and production processes to appeal to environmentally conscious consumers.

Key Highlights

The neck pillows market is distinguished by several key highlights that underscore its growth and evolution. One notable aspect is the integration of advanced technologies, such as temperature-regulating materials and smart sensors, which enhance user comfort and functionality. The demand for multifunctional products that serve purposes beyond neck support, such as lumbar cushions or full-body pillows, is increasing, reflecting consumer desire for versatility. Brand positioning and marketing strategies heavily emphasize health benefits, often supported by endorsements from medical professionals or influencers in the travel and wellness sectors. The market also benefits from seasonal peaks, particularly during holiday travel periods, which drive targeted promotional activities. Customization options, including personalized firmness and design, are becoming more prevalent, allowing brands to cater to individual preferences. Furthermore, the shift towards online retail has enabled companies to gather valuable consumer data, facilitating more informed product development and customer engagement strategies. These highlights collectively indicate a market that is responsive to consumer trends and technological advancements, ensuring continued innovation and growth.

Drivers, Opportunities & Restraints

Several drivers are fueling the growth of the neck pillows market. The increasing frequency of air travel and long commutes has created a sustained demand for travel-friendly comfort products. Growing health consciousness among consumers, particularly regarding posture-related issues and sleep disorders, is another significant driver, as neck pillows are often recommended for alleviating discomfort. The expansion of e-commerce platforms has made these products more accessible, enabling consumers to compare options and read reviews before purchasing. Opportunities abound in the development of innovative materials, such as biodegradable foams or hypoallergenic fabrics, which can attract environmentally and health-conscious buyers. Emerging markets in Asia-Pacific and Latin America present untapped potential due to rising disposable incomes and urbanization. However, the market faces restraints, including intense competition that can lead to price wars and margin pressures. Counterfeit products and low-quality imitations also pose challenges, potentially undermining consumer trust. Additionally, economic downturns may reduce discretionary spending on non-essential items like premium neck pillows. Navigating these drivers, opportunities, and restraints requires strategic planning and adaptability from market participants.

Concentration Insights

The neck pillows market exhibits a concentration of key players in regions with strong consumer goods manufacturing capabilities and high demand. North America and Europe are prominent markets, driven by high travel rates and health awareness. Companies such as Tempur-Pedic, Cabeau, and Samsonite have established significant market presence through extensive distribution networks and brand recognition. The market is moderately fragmented, with numerous small and medium-sized enterprises competing alongside larger corporations. These smaller players often focus on niche segments, such as organic materials or customized designs, to differentiate themselves. Geographically, manufacturing is concentrated in Asia, particularly China and India, due to cost advantages and supply chain efficiencies. This concentration influences pricing strategies and product availability globally. Strategic partnerships with airlines, hotels, and retail chains are common, helping brands enhance visibility and credibility. The competitive landscape is dynamic, with mergers and acquisitions occasionally occurring as companies seek to expand their product portfolios and geographic reach. Understanding these concentration insights is crucial for stakeholders aiming to optimize their market positioning and growth strategies.

Type Insights

The neck pillows market is segmented by type, with memory foam pillows leading in popularity due to their superior contouring and support properties. These pillows adapt to the shape of the neck and head, providing personalized comfort and pressure relief. Inflatable neck pillows are another significant category, valued for their portability and compact storage, making them ideal for travelers. Microbead pillows, filled with small polystyrene beads, offer flexibility and are often used for their lightweight and malleable characteristics. Additionally, cooling gel pillows are gaining traction, especially in warmer climates, as they help regulate temperature and enhance comfort during use. Some products combine multiple materials, such as memory foam with cooling gel layers, to address diverse consumer needs. The choice of type often depends on specific use cases, such as travel, office, or home use, with consumers prioritizing factors like support level, durability, and ease of maintenance. Innovations continue to emerge, including adjustable pillows that allow users to modify firmness, reflecting the market's focus on customization and user-centric design.

Application Insights

Neck pillows find applications across various scenarios, with travel being the dominant segment. Air travelers frequently use these pillows to prevent stiffness and discomfort during long flights, driving demand for compact and easy-to-carry designs. The office segment is also significant, as professionals seek ergonomic solutions to mitigate neck strain caused by prolonged sitting and computer use. Home use applications include sleeping and relaxation, where consumers prioritize comfort and support for nightly sleep or leisure activities like reading or watching television. Specialty applications exist in healthcare, where orthopedic neck pillows are recommended for patients recovering from injuries or managing chronic conditions such as arthritis. The versatility of neck pillows extends to children and infants, with products designed for car seats and strollers to ensure safety and comfort during travel. The growing trend of remote work and increased home-based activities has further expanded the application scope, prompting manufacturers to develop products tailored to these environments. Understanding these diverse applications helps companies target specific consumer needs and optimize their product offerings.

Regional Insights

The neck pillows market demonstrates distinct regional dynamics influenced by consumer behavior, economic factors, and cultural preferences. North America holds a substantial share, driven by high travel frequency, health awareness, and robust retail infrastructure. The United States is a key contributor, with consumers favoring innovative and premium products. Europe follows closely, with countries like Germany and the United Kingdom showing strong demand due to busy lifestyles and emphasis on ergonomic solutions. The Asia-Pacific region is emerging as a high-growth market, fueled by rising disposable incomes, increasing air travel, and growing health consciousness. China and India are particularly promising, with expanding e-commerce platforms making neck pillows more accessible. Latin America and the Middle East & Africa are also witnessing gradual growth, though market penetration remains lower compared to other regions. Regional preferences vary; for example, cooling gel pillows are popular in hotter climates, while memory foam dominates in regions with colder weather. Companies must adapt their strategies to local trends and distribution channels to capitalize on regional opportunities effectively.

Company Insights

The neck pillows market features a competitive landscape with several prominent companies and emerging players. Tempur-Pedic is a leading name, renowned for its high-quality memory foam products and strong brand loyalty. Cabeau specializes in travel pillows, often incorporating innovative features like built-in hoods and compression sacks for portability. Samsonite leverages its expertise in travel goods to offer durable and functional neck pillows aligned with its broader product portfolio. Other notable players include Travelrest, known for its ergonomic designs, and PharMeDoc, which focuses on affordable and versatile options. These companies invest heavily in research and development to introduce advanced materials and designs, such as adjustable firmness and eco-friendly components. Marketing strategies often involve collaborations with airlines, influencers, and health professionals to enhance credibility and reach. Smaller brands and startups frequently enter the market with niche offerings, such as organic or customizable pillows, challenging established players. The competitive intensity necessitates continuous innovation and customer engagement to maintain and grow market share, making company insights vital for understanding market dynamics.

Recent Developments

Recent developments in the neck pillows market highlight a trend towards technological integration and sustainability. Many companies have launched products with smart features, such as embedded sensors that monitor sleep patterns or provide posture feedback, appealing to tech-savvy consumers. The use of sustainable materials, including recycled fabrics and biodegradable foams, has gained momentum as brands respond to growing environmental concerns. Collaborations with health and wellness influencers have become a common marketing tactic, helping to educate consumers and build trust. Additionally, there has been an increase in direct-to-consumer sales models, bypassing traditional retail channels to offer competitive pricing and personalized customer experiences. Some brands have expanded their product lines to include complementary items like eye masks or travel blankets, creating bundled offerings that enhance value. The COVID-19 pandemic initially disrupted supply chains but later accelerated online sales, prompting companies to strengthen their e-commerce capabilities. These developments reflect a market that is adapting to changing consumer preferences and external challenges, ensuring continued relevance and growth.

Report Segmentation

The neck pillows market report is segmented to provide detailed analysis and insights across various dimensions. By type, the market is categorized into memory foam, inflatable, microbead, cooling gel, and others, each offering distinct features and benefits. The application segmentation covers travel, office use, home use, healthcare, and other specialized uses, reflecting the diverse scenarios where neck pillows are utilized. Geographically, the report examines regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, highlighting regional trends and opportunities. Additionally, the segmentation includes distribution channels, such as online retail, offline stores, and specialty shops, which influence product accessibility and consumer purchasing behavior. The report also analyzes consumer demographics, including age, gender, and income levels, to identify target audiences and tailor marketing strategies. This comprehensive segmentation enables stakeholders to understand market dynamics at a granular level, facilitating informed decision-making and strategic planning. The insights derived from these segments help identify growth areas, competitive pressures, and emerging trends, making the report a valuable tool for industry participants.

FAQs

What materials are commonly used in neck pillows? Neck pillows are typically made from memory foam, which offers contouring support; inflatable materials for portability; microbeads for flexibility; and cooling gel for temperature regulation. Some advanced options include hybrid materials combining these features for enhanced comfort.

How do neck pillows help with neck pain? Neck pillows provide ergonomic support by aligning the spine and reducing strain on neck muscles during sleep or travel. They help maintain proper posture, alleviate pressure points, and can prevent stiffness and discomfort associated with prolonged sitting or resting.

Are neck pillows suitable for all types of travel? Yes, neck pillows are designed for various travel modes, including air, car, and train travel. Inflatable and compact models are ideal for air travel, while larger designs may be used for road trips or extended journeys.

Can neck pillows be washed? Many neck pillows come with removable and machine-washable covers for easy cleaning. However, care instructions vary by material; for example, memory foam pillows should not be submerged in water, while inflatable ones can be wiped clean.

What should I look for when buying a neck pillow? Key factors include the level of support, material comfort, portability, and intended use. Additionally, consider features like adjustable firmness, hypoallergenic properties, and durability to ensure the pillow meets your specific needs.

Are there neck pillows designed for specific sleep positions? Yes, some neck pillows are tailored for side, back, or stomach sleepers, offering varying shapes and support levels to accommodate different sleeping preferences and promote spinal alignment.

Citius Research has developed a research report titled “Neck Pillows 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

• Neck Pillows 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 Neck Pillows 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.

Neck Pillows Market Segmentation

Market Segmentation

Regions Covered

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

Neck Pillows Market Analysis

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

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

Neck Pillows Market Key Stakeholders

Below are the key stakeholders for the Neck Pillows Market:

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

Neck Pillows 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 Neck Pillows 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 Neck Pillows 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 Neck Pillows 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 Neck Pillows 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 Neck Pillows 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 Neck Pillows 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 Neck Pillows 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 Neck Pillows 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 Neck Pillows 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 Neck Pillows 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 Neck Pillows 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 Neck Pillows 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 Neck Pillows 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 Neck Pillows 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 Neck Pillows 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 Neck Pillows 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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