Poles 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: CR0193246
  • Format: Electronic (PDF)
  • Number of Pages: 209
  • Author(s): Joshi, Madhavi

Report Overview

The Poles Market size was estimated at USD 1.8 billion in 2023 and is projected to reach USD 3.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.30% during the forecast period (2024-2030).

Poles Market

(Market Size)
$1.8 billion
$3.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.30%
2023 Market Size USD 1.8 billion
2030 Market Size USD 3.2 billion
Key Players Black Diamond, Leki, Komperdell, Gabel, Masters

Market Summary

The poles market within the consumer goods industry encompasses a diverse range of products primarily used for support, safety, and recreational activities. This market includes items such as trekking poles, tent poles, utility poles for domestic use, and poles for sports like pole vaulting and skiing. The demand is driven by a confluence of factors including growth in outdoor recreational activities, increased focus on fitness and adventure sports, and the need for reliable support systems in various applications. Manufacturers are continuously innovating with materials like carbon fiber and aluminum to offer lightweight, durable, and high-performance products that cater to both amateur enthusiasts and professional athletes. The market is characterized by a global supply chain with significant manufacturing hubs in Asia, particularly China and Taiwan, which supply both raw materials and finished goods to brands worldwide. Distribution channels are evolving with a strong shift towards e-commerce, allowing specialized brands to reach a global audience directly. The competitive landscape is fragmented, featuring a mix of large multinational corporations and smaller niche players focusing on specific product categories or regional markets.

Key Highlights

The poles market is defined by several key trends that underscore its current dynamism. A significant highlight is the technological advancement in material science, leading to the proliferation of carbon fiber composites that offer an exceptional strength-to-weight ratio, enhancing user experience in activities like hiking and climbing. Another prominent trend is the increasing customization and modularity of products, allowing consumers to adjust length, grip, and tip type based on their specific needs. Sustainability is also becoming a crucial differentiator, with companies investing in recyclable materials and environmentally conscious manufacturing processes to appeal to the eco-aware consumer. The market has also seen a surge in demand driven by the post-pandemic emphasis on health, wellness, and outdoor pursuits, which has expanded the consumer base beyond traditional demographics. Furthermore, safety standards and certifications, particularly for products used in construction and utility applications, are becoming more stringent, influencing manufacturing practices and consumer trust. The integration of smart technology, such as sensors in fitness poles to track activity, represents an emerging frontier that is expected to gain traction.

Drivers, Opportunities & Restraints

Market growth is propelled by several powerful drivers. The rising global participation in outdoor recreational activities such as hiking, camping, and mountaineering is a primary force, creating sustained demand for high-quality equipment. Increased health consciousness and government initiatives promoting sports and fitness further stimulate the market. Growth in the construction and telecommunication sectors also drives demand for specialized poles used in scaffolding, signage, and antenna support. Significant opportunities lie in product innovation, particularly in developing smart poles with integrated technology for data collection and user feedback. The expansion into emerging economies with a growing middle class presents a substantial untapped market for both basic and premium pole products. However, the market faces notable restraints. Fluctuations in the prices of raw materials like aluminum and carbon fiber can impact manufacturing costs and profit margins. Intense competition often leads to price wars, pressuring smaller players. Furthermore, the market is susceptible to economic downturns, which can reduce discretionary spending on recreational goods. Stringent environmental regulations concerning material sourcing and production also pose challenges for manufacturers.

Concentration Insights

The competitive concentration in the poles market is relatively fragmented, featuring a blend of established global players and numerous specialized regional manufacturers. Key international companies such as Leki, Black Diamond Equipment, and Komperdell command significant market share through strong brand recognition, extensive distribution networks, and continuous investment in research and development. These leaders often compete on the basis of technological innovation, brand prestige, and a comprehensive product portfolio that spans multiple categories. Alongside them, a dense ecosystem of smaller companies and private label manufacturers thrives by focusing on niche segments, offering cost-effective solutions, or catering to specific geographic markets, particularly in Asia. This fragmentation ensures a high level of competition, which benefits consumers through a wide variety of choices and price points. The concentration is also influenced by distribution channels, with online marketplaces enabling smaller brands to compete effectively with giants by reaching a global audience without a massive physical retail presence.

Type Insights

The market is segmented by type, primarily distinguished by material and intended use. The major material categories include aluminum alloys, carbon fiber, and fiberglass. Aluminum poles are renowned for their durability, affordability, and reliability, making them a popular choice for general-purpose and heavy-duty applications like trekking and utility work. Carbon fiber poles represent the premium segment, prized for their extreme lightness and vibration damping properties, which are critical for performance-oriented activities such as trail running and elite mountaineering. Fiberglass poles offer a middle ground, providing good strength and flexibility at a moderate cost, often used in temporary structures and certain sporting goods. Beyond materials, types are also defined by design, such as telescopic poles that are adjustable for versatile use, and fixed-length poles that offer superior stability. Each type caters to distinct consumer needs, from the casual walker seeking basic support to the professional athlete requiring optimized performance equipment.

Application Insights

Application is a critical dimension for understanding the poles market, with demand spanning sports, recreation, and industrial uses. The trekking and hiking segment constitutes a substantial portion of the market, driven by global tourism and adventure sports. Within this, sub-applications like Nordic walking have carved out a dedicated niche. The camping segment relies heavily on tent poles, with demand linked to the popularity of outdoor adventures and festivals. In sports, poles are essential for activities such as pole vaulting, skiing, and hockey, each requiring highly specialized designs governed by strict sporting regulations. The industrial and commercial application segment includes poles for construction (e.g., scaffolding), gardening (e.g., for plants and fencing), and telecommunications (e.g., antenna masts). There is also a growing application in the fitness sector, with poles used in new workout routines like pole dancing for fitness, which has transitioned into a mainstream exercise form. Each application dictates specific material, strength, and design requirements, creating diverse sub-markets within the broader industry.

Regional Insights

Geographically, the demand for poles is global but varies significantly by region based on economic development, cultural trends, and climatic conditions. North America and Europe are mature markets characterized by high consumer spending on outdoor recreational activities and a strong presence of leading brands. These regions exhibit a demand for high-performance, premium products, particularly in the trekking and sports segments. The Asia-Pacific region is the fastest-growing market, fueled by a rising middle class, increasing disposable incomes, and growing enthusiasm for outdoor sports in countries like China, India, and Japan. This region is also a major global manufacturing hub, supplying products to the rest of the world. Latin America and the Middle East & Africa present emerging opportunities, with growth potential linked to economic development, urbanization, and the gradual expansion of retail and e-commerce networks that make these products more accessible to a broader population.

Company Insights

The competitive landscape features companies that compete on innovation, brand strength, and global reach. Prominent players include Leki, a German manufacturer known for its high-performance trekking and skiing poles, and Black Diamond Equipment, a US-based company respected in the climbing and mountaineering community. Komperdell, an Austrian brand, is another key player specializing in Nordic walking and trekking poles. Cascade Design, Inc., the maker of MSR gear, is notable for its tent poles and reliable outdoor equipment. In the industrial and utility segment, companies like Werner Co. are significant for their ladders and support poles. These established players invest heavily in marketing, athlete sponsorships, and patent-protected technologies to maintain their market positions. They are challenged by agile smaller brands and OEM manufacturers, particularly from Asia, that compete effectively on price and by quickly adapting to new trends, such as the demand for collapsible and ultra-lightweight designs.

Recent Developments

The poles market has been active with strategic movements aimed at capturing growth and enhancing market position. Recent developments have been characterized by a wave of product launches featuring advanced materials and designs. Companies are introducing new poles with improved locking mechanisms, enhanced ergonomic grips, and interchangeable components to boost versatility. Sustainability has moved to the forefront, with several leading brands announcing initiatives to incorporate recycled materials into their products and reduce their overall carbon footprint. There has also been a noticeable increase in mergers and acquisitions as larger entities seek to consolidate market share and acquire innovative technologies or brands with a loyal customer base. Furthermore, the expansion of direct-to-consumer sales channels through enhanced e-commerce platforms and brand websites is a key strategic focus, allowing companies to gather valuable customer data and improve profit margins by circumventing traditional retail markups.

Report Segmentation

This comprehensive market research report on the poles market provides a detailed analysis segmented across multiple dimensions to offer granular insights. The segmentation is primarily based on type, categorizing the market into key product categories such as trekking poles, tent poles, sporting poles, and utility poles. It is further broken down by material, analyzing segments for aluminum, carbon fiber, fiberglass, and other composites. The application segmentation delves into the various end-uses, including trekking and hiking, camping, sports, and industrial applications. Geographically, the report provides a thorough regional analysis covering North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This multi-faceted segmentation allows for a precise understanding of market dynamics, identifying growth pockets, consumer preferences, and competitive intensity within each specific segment, thereby providing stakeholders with actionable intelligence for strategic decision-making.

FAQs

What are the different types of poles available in the market? The market offers a wide variety of poles, primarily categorized by use, including trekking poles, tent poles, poles for sports like skiing and pole vaulting, and utility poles for support in construction and gardening. They are further differentiated by material, such as aluminum, carbon fiber, and fiberglass.

Which material is best for trekking poles? The best material depends on the user's priority. Aluminum poles are favored for their durability and cost-effectiveness, making them ideal for rough terrain. Carbon fiber poles are lighter and absorb vibration better, preferred for long-distance hiking and speed, though they can be more expensive and less impact-resistant than aluminum.

What are the key factors driving the growth of the poles market? Key growth drivers include the rising popularity of outdoor recreational activities, increased health and fitness consciousness, growth in adventure tourism, and technological advancements in materials that make products lighter and stronger. Demand from industrial sectors also contributes significantly.

How do I choose the right pole for my needs? Choosing the right pole involves considering the primary activity (e.g., trekking, tent setup), desired features (adjustability, weight, grip comfort), material preference for balance between strength and weight, and your budget. It is also important to consider the locking mechanism's reliability and the tip's suitability for the terrain.

What are the latest trends in pole design and technology? Current trends include the use of advanced carbon fiber composites, modular designs with interchangeable parts, the integration of smart technology for fitness tracking, and a strong focus on sustainability through the use of recycled materials. Ergonomic improvements in grips and anti-shock systems are also prominent.

Which regions show the highest demand for poles? North America and Europe are traditionally high-demand regions due to established outdoor cultures and high disposable income. However, the Asia-Pacific region is experiencing the fastest growth in demand, driven by economic development, urbanization, and a growing interest in fitness and outdoor activities.

Citius Research has developed a research report titled “Poles 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

• Poles 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 Poles 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.

Poles Market Segmentation

Market Segmentation

Regions Covered

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

Poles Market Analysis

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

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

Poles Market Key Stakeholders

Below are the key stakeholders for the Poles Market:

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

Poles 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 Poles 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 Poles 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 Poles 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 Poles 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 Poles 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 Poles 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 Poles 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 Poles 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 Poles 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 Poles 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 Poles 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 Poles 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 Poles 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 Poles 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 Poles 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 Poles 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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