Travel Irons 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: CR0192560
  • Format: Electronic (PDF)
  • Number of Pages: 215
  • Author(s): Joshi, Madhavi

Report Overview

The Travel Irons Market size was estimated at USD 850 million in 2023 and is projected to reach USD 1.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2024-2030).

Travel Irons Market

(Market Size)
$850 million
$1.6 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.50%
2023 Market Size USD 850 million
2030 Market Size USD 1.6 billion
Key Players Rowenta, Black+Decker, Conair, Steamfast, Sunbeam

Market Summary

The travel irons market is a specialized segment within the consumer goods industry, catering to the needs of travelers and professionals who require portable garment care solutions. This market is characterized by compact, lightweight, and often cordless designs that prioritize convenience and efficiency. Products in this category are engineered to meet the demands of mobile consumers, offering features such as dual voltage compatibility, rapid heat-up times, and compact storage. The market serves a global audience, with demand driven by both leisure and business travel sectors. Key manufacturers focus on innovation, incorporating advanced materials and safety features to enhance user experience. The competitive landscape includes established consumer electronics brands and specialized travel accessory companies, all vying for market share through product differentiation and strategic distribution. The market's evolution is closely tied to travel trends, technological advancements, and consumer preferences for well-maintained apparel while on the move.

Key Highlights

The travel irons market is distinguished by several key attributes that underscore its unique position in the consumer goods sector. Products are designed with portability as a core feature, often featuring foldable handles, compact bodies, and travel pouches for easy packing. Many models offer dual voltage capabilities, allowing for international use without converters, which is a critical selling point for global travelers. Safety innovations include automatic shut-off functions, steam burst technologies, and non-stick soleplates to prevent fabric damage. The market also sees integration with other travel essentials, such as combination units that include garment steamers or mini dryers. Sustainability is emerging as a focus, with energy-efficient designs and durable materials reducing environmental impact. Brands like Philips, Panasonic, and Conair lead with robust R&D, while newer entrants emphasize aesthetic design and multifunctionality to capture niche segments.

Drivers, Opportunities & Restraints

Growth in the travel irons market is primarily driven by increasing global travel activity, both for business and leisure, which heightens demand for portable grooming appliances. The rise of remote work and digital nomadism further amplifies this trend, as professionals seek to maintain a polished appearance while mobile. Opportunities abound in technological advancements, such as the development of cordless, battery-operated irons with improved heat retention, and smart features like IoT connectivity for personalized settings. Expansion into emerging markets, where travel is becoming more accessible, presents significant growth potential. However, restraints include intense competition from garment steamers, which are perceived as more versatile and less likely to cause fabric damage. Economic fluctuations can dampen discretionary spending on travel accessories, while stringent safety regulations across regions may increase compliance costs for manufacturers. Additionally, the trend towards wrinkle-resistant fabrics in apparel could marginally reduce long-term demand for irons.

Concentration Insights

The travel irons market exhibits a moderate level of concentration, with a mix of large multinational corporations and smaller specialized firms. Leading players such as Philips, Panasonic, Conair, and Rowenta dominate through extensive distribution networks, strong brand recognition, and continuous innovation. These companies often leverage their broader consumer electronics portfolios to cross-promote travel irons, enhancing market penetration. Regional players, particularly in Asia-Pacific, focus on cost-effective manufacturing and local market customization, creating a competitive environment. The market is also seeing a surge in online sales channels, which allows niche brands to reach global audiences without traditional retail overhead. Concentration is higher in developed regions like North America and Europe, where brand loyalty and premium product preferences prevail, while emerging markets display more fragmentation with numerous local brands competing on price.

Type Insights

Travel irons are categorized primarily by their power source and design features. Corded models are common, offering consistent power but limited mobility, and often include dual voltage options for international travel. Cordless travel irons represent a growing segment, utilizing rechargeable batteries or butane cartridges for ultimate portability, though they may have shorter usage times per charge. Steam irons with water tanks are popular for their effectiveness on wrinkles, while dry irons, which lack steam functions, are lighter and simpler. Miniature irons with compact soleplates target precise touch-ups on collars and cuffs. Recent innovations include hybrid devices that combine steaming and ironing functions, catering to consumers seeking multifunctional solutions. Material advancements in non-stick soleplates, such as ceramic or titanium coatings, enhance glide and prevent fabric scorching, appealing to quality-conscious buyers.

Application Insights

Travel irons are predominantly used by individual consumers for personal garment care during travel, including business trips, vacations, and extended stays. The business travel segment is a significant application area, where professionals require well-pressed attire for meetings and presentations. Leisure travelers also contribute to demand, especially those attending events like weddings or conferences where formal wear is necessary. Additionally, the market serves niche applications such as use in dormitories, RVs, and by flight crews who need compact solutions for uniform maintenance. Some hospitality providers, like hotels and cruise lines, incorporate travel irons into guest amenities or purchase them for housekeeping use. The application scope is expanding with the growing gig economy and remote work trends, as more people work from varied locations and prioritize portable lifestyle products.

Regional Insights

The travel irons market demonstrates distinct regional dynamics influenced by travel patterns, economic conditions, and consumer preferences. North America and Europe are mature markets with high penetration, driven by frequent business travel and strong consumer awareness of grooming products. These regions favor premium, feature-rich models from brands like Philips and Rowenta. The Asia-Pacific region is the fastest-growing market, fueled by rising disposable incomes, increasing travel activity, and urbanization. Countries like China, India, and Japan see robust demand, with local brands competing aggressively on price and functionality. Latin America and the Middle East & Africa present emerging opportunities, though market growth is tempered by economic volatility and lower travel frequency in some areas. Regional regulatory standards, such as safety certifications and voltage requirements, also shape product offerings and distribution strategies.

Company Insights

Key companies in the travel irons market include globally recognized brands such as Philips, which emphasizes innovation with features like automatic shut-off and ceramic soleplates. Panasonic leverages its electronics expertise to produce lightweight, efficient models with steam technology. Conair, through its BaByliss and Conair brands, offers a range of affordable and stylish options targeting frequent travelers. Rowenta focuses on precision and durability, often incorporating advanced steam systems. Other notable players include Sunbeam Products, with its Oster brand, and Helen of Troy, which markets under the Revlon name. Smaller specialists like Steamfast and PurSteam cater to niche segments with compact and multifunctional designs. These companies compete on product features, brand reputation, pricing, and distribution reach, with ongoing investments in R&D to enhance portability, safety, and user convenience.

Recent Developments

Recent developments in the travel irons market reflect a focus on technological innovation and sustainability. Leading brands have introduced cordless models with improved battery life and fast heating capabilities, addressing consumer demands for greater mobility. Smart features, such as mobile app connectivity for customized temperature settings, are emerging in premium segments. There is also a push towards eco-friendly designs, using recyclable materials and energy-efficient components to reduce environmental impact. Partnerships with travel influencers and hospitality providers have become common marketing strategies to enhance brand visibility. Additionally, companies are expanding their online presence through e-commerce platforms and social media campaigns to reach a broader audience. Regulatory advancements, particularly in safety standards across regions, continue to shape product development, ensuring compliance and consumer protection.

Report Segmentation

The travel irons market report is segmented to provide detailed analysis across multiple dimensions. By type, segmentation includes corded travel irons, cordless travel irons, and combination units integrating steamers or other functions. Application segmentation covers individual consumers, business travelers, hospitality sector use, and other niche applications like military or flight crew usage. Regional segmentation divides the market into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with country-level analysis for key markets. Additional segmentation may consider power capacity, soleplate material, price range, and distribution channel, such as online retail, specialty stores, and supermarkets. This comprehensive segmentation enables stakeholders to identify growth opportunities, understand competitive dynamics, and tailor strategies to specific market segments.

FAQs

What are the different types of travel irons available? Travel irons are primarily available as corded models, which require an electrical outlet, and cordless models, which operate on rechargeable batteries or butane. There are also steam irons with water tanks and dry irons without steam functions, alongside hybrid devices that combine ironing and steaming capabilities.

Which materials are commonly used in travel iron soleplates? Common soleplate materials include stainless steel, ceramic, and titanium. Ceramic and titanium coatings are popular for their non-stick properties, even heat distribution, and ability to prevent fabric scorching, enhancing durability and performance.

What safety features should I look for in a travel iron? Key safety features include automatic shut-off that activates when the iron is left idle, dual voltage compatibility for safe international use, heat-resistant handles, and non-slip bases to prevent accidents during operation.

How do travel irons differ from regular irons? Travel irons are compact, lightweight, and designed for portability, often featuring foldable handles and travel cases. They typically have smaller soleplates and water tanks, and may offer dual voltage support, unlike regular irons which are larger and intended for home use.

Can travel irons be used on all fabrics? Most travel irons are suitable for common fabrics like cotton, linen, and wool, but it is essential to check temperature settings. Delicate fabrics such as silk or synthetic blends may require lower heat or a pressing cloth to avoid damage.

What are some leading brands in the travel irons market? Leading brands include Philips, Panasonic, Conair, Rowenta, Sunbeam, and Helen of Troy. These companies are recognized for their innovation, reliability, and extensive product ranges catering to diverse consumer needs.

Citius Research has developed a research report titled “Travel Irons 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

• Travel Irons 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 Travel Irons 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.

Travel Irons Market Segmentation

Market Segmentation

Regions Covered

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

Travel Irons Market Analysis

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

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

Travel Irons Market Key Stakeholders

Below are the key stakeholders for the Travel Irons Market:

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

Travel Irons 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 Travel Irons 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 Travel Irons 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 Travel Irons 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 Travel Irons 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 Travel Irons 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 Travel Irons 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 Travel Irons 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 Travel Irons 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 Travel Irons 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 Travel Irons 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 Travel Irons 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 Travel Irons 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 Travel Irons 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 Travel Irons 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 Travel Irons 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 Travel Irons 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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