Water purifier 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: CR0192598
  • Format: Electronic (PDF)
  • Number of Pages: 207
  • Author(s): Joshi, Madhavi

Report Overview

The Water purifier Market size was estimated at USD 45 billion in 2023 and is projected to reach USD 85 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.00% during the forecast period (2024-2030).

Water purifier Market

(Market Size)
$45 billion
$85 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.00%
2023 Market Size USD 45 billion
2030 Market Size USD 85 billion
Key Players Kent RO, Eureka Forbes, Brita, PUR, Aquasana

Market Summary

The global water purifier market represents a critical segment within the consumer goods industry, driven by increasing health awareness and the universal need for access to safe drinking water. This market encompasses a wide array of technologies and products designed to remove impurities, contaminants, and harmful substances from water, making it suitable for human consumption. The demand is consistently strong across both developed and developing economies, though the drivers can differ significantly. In mature markets, replacement demand and the adoption of advanced smart technologies are key, whereas in emerging economies, first-time purchases fueled by urbanization, rising disposable incomes, and growing concerns over waterborne diseases are the primary growth factors. The competitive landscape is characterized by the presence of multinational corporations and regional players, all competing on technology, brand reputation, price, and distribution network effectiveness. The market is also witnessing a notable shift towards eco-friendly and energy-efficient solutions, reflecting broader consumer trends towards sustainability.

Key Highlights

The water purifier market is distinguished by several key trends and developments. Technological innovation remains at the forefront, with leading companies investing heavily in research and development to introduce products with enhanced filtration capabilities, such as UV, RO, and gravity-based systems, often integrated with smart features like filter change indicators and Wi-Fi connectivity. The competitive intensity is high, with key players like Brita GmbH, Pentair plc, and Eureka Forbes Limited implementing aggressive marketing and distribution strategies to capture market share. Another significant highlight is the growing consumer preference for point-of-use water purification systems over point-of-entry systems, primarily due to their cost-effectiveness and suitability for urban dwellings. Furthermore, strategic activities such as mergers, acquisitions, and partnerships are common as companies seek to expand their geographic footprint and technological portfolios. The after-sales service segment, including filter replacements and maintenance contracts, has also emerged as a crucial and high-margin revenue stream for industry participants.

Drivers, Opportunities & Restraints

The growth of the water purifier market is propelled by several powerful drivers. Paramount among these is the rising global concern over water pollution and the deteriorating quality of municipal water supplies, which has heightened consumer awareness regarding waterborne health risks. Government initiatives and regulations in various countries aimed at providing clean drinking water also play a supportive role, often including public awareness campaigns. Furthermore, rapid urbanization, improving living standards, and increasing disposable incomes, particularly in Asia-Pacific and Latin American countries, are expanding the consumer base capable of purchasing these appliances. The market presents substantial opportunities in the form of untapped rural markets and the potential for technological advancements like IoT-enabled purifiers that offer monitoring and maintenance alerts. However, the market's expansion is not without restraints. The high initial cost of advanced purification systems, such as reverse osmosis units, can be a significant barrier to adoption in price-sensitive markets. Additionally, the availability of counterfeit products and the lack of consumer awareness in certain regions about the benefits of different technologies can hinder market growth. The environmental concerns associated with the wastewater generated by RO systems and the plastic waste from replacement filters also present challenges that the industry is actively working to address.

Concentration Insights

The global water purifier market exhibits a moderately concentrated nature, featuring a mix of well-established multinational corporations and strong regional players. A handful of major companies, including Panasonic Corporation, Honeywell International Inc., and Kent RO Systems Ltd., command significant market share due to their extensive product portfolios, robust research and development capabilities, and powerful global distribution networks. These industry leaders compete intensely on brand recognition, technological innovation, product efficacy, and pricing. Alongside these giants, numerous smaller and mid-sized companies thrive by focusing on specific regional markets or niche product categories, such as portable or gravity-based purifiers. The level of concentration varies by region; for instance, the market in North America and Europe is more consolidated, while markets in Asia-Pacific are more fragmented with a higher number of local competitors. This dynamic competitive environment fosters continuous innovation and helps in catering to the diverse needs and economic capabilities of consumers across different geographies.

Type Insights

The water purifier market is segmented by technology type, with each category addressing specific consumer needs and water quality challenges. Reverse Osmosis purifiers represent a highly popular segment, renowned for their ability to remove dissolved salts, heavy metals, and a wide spectrum of contaminants, making them ideal for areas with high Total Dissolved Solids in water. Ultraviolet purifiers utilize germicidal UV light to disinfect water by deactivating harmful microorganisms like bacteria and viruses without altering the water's taste, though they are ineffective against physical impurities. Gravity-based purifiers, which use sediment and carbon filters, are a cost-effective and non-electric solution popular in areas with unreliable power supply and for treating water that is relatively low in chemical contamination. Other prominent types include water softeners, which remove calcium and magnesium ions to combat hard water, and ultrafiltration systems that employ a hollow membrane to filter out pathogens and particles. The choice among these types is heavily influenced by local water quality, consumer budget, and specific purification requirements.

Application Insights

Water purifiers find application across residential, commercial, and industrial sectors, with the residential segment dominating global demand. Within residential applications, the market is further divided into counter-top, under-the-sink, faucet-mounted, and whole-house systems. The under-the-sink RO systems are particularly prevalent in households seeking comprehensive purification. The commercial application segment is substantial and includes offices, hotels, restaurants, hospitals, and educational institutions, where the demand is driven by the need to provide safe drinking water to employees, guests, and patients. This segment often requires high-capacity, durable systems capable of handling larger volumes of water. The industrial application, while smaller, is critical for industries such as food and beverage, pharmaceuticals, and manufacturing, where ultra-pure water is a necessary input for production processes. The specific needs of each application segment dictate the required purification technology, capacity, and features, leading to a diverse and specialized product offering from manufacturers.

Regional Insights

The demand for water purifiers exhibits distinct regional patterns shaped by economic development, water quality, and consumer awareness. The Asia-Pacific region stands as the largest and fastest-growing market, fueled by severe water pollution issues in countries like India and China, large population bases, rising health consciousness, and growing government focus on clean water access. North America and Europe represent mature markets characterized by high replacement rates and a strong consumer shift towards smart, connected, and sustainable water purification solutions. The markets in Latin America and the Middle East & Africa are emerging, with growth potential linked to improving economic conditions and increasing urbanization. However, in these regions, market penetration is often challenged by lower purchasing power and a lack of infrastructure. Each region presents a unique set of challenges and opportunities, prompting manufacturers to adopt tailored strategies concerning product design, marketing, and distribution to succeed in the global landscape.

Company Insights

The competitive arena of the water purifier market is populated by a blend of international conglomerates and specialized regional firms, all vying for market leadership. Key global players such as 3M Company, A. O. Smith Corporation, and Brita GmbH leverage their strong brand equity, extensive research and development resources, and global supply chains to maintain a competitive edge. These companies often offer a wide range of products across different technologies and price points. Prominent regional players, including Eureka Forbes Ltd. in India and Qinyuan Group Co. Ltd. in China, have deep-rooted distribution networks and a keen understanding of local consumer preferences, allowing them to hold significant market share in their home territories. The strategic focus for most companies involves continuous product innovation to enhance filtration efficiency and user convenience, expanding their geographic presence through partnerships or acquisitions, and strengthening their service networks to build long-term customer loyalty in a market where after-sales support is a critical differentiator.

Recent Developments

The water purifier industry is dynamic, with recent developments highlighting a focus on sustainability, technology integration, and strategic growth. A prominent trend is the introduction of new products featuring zero-waste or minimal wastewater technology, particularly in RO systems, addressing a major environmental concern. There has been a significant surge in the launch of smart purifiers equipped with Internet of Things capabilities, allowing users to monitor water quality and filter life remotely via smartphones. Major corporations have been actively engaged in strategic mergers and acquisitions to consolidate their market position and gain access to new technologies or regional markets. For instance, recent acquisitions have aimed at enhancing portfolios in specific purification technologies. Furthermore, companies are increasingly investing in direct-to-consumer marketing and e-commerce channels to reach a wider audience and adapt to changing purchasing behaviors, especially in the post-pandemic era where online shopping has gained considerable traction.

Report Segmentation

This comprehensive market research report on the global water purifier market provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the industry. The report is segmented by technology type, which includes Reverse Osmosis, Ultraviolet, Gravity-based, and Others, detailing the adoption trends and growth prospects for each purification method. It is further segmented by application into Residential, Commercial, and Industrial sectors, analyzing the demand drivers and specific requirements unique to each segment. Geographically, the report provides an in-depth analysis of key regions and countries, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, highlighting regional dynamics, growth patterns, and competitive landscapes. This multi-faceted segmentation allows stakeholders to identify high-growth pockets, understand competitive intensity in specific segments, and make informed strategic decisions regarding investment, product development, and market entry.

FAQs

What are the different types of water purifiers available?

The primary types of water purifiers available in the market are based on various technologies. These include Reverse Osmosis systems, which are effective against dissolved salts and metals; Ultraviolet purifiers, which kill bacteria and viruses; Gravity-based purifiers, which use non-electric filtration; and Water Softeners, designed to treat hard water. Other types include ultrafiltration and activated carbon filters.

Which water purifier is best for home use?

The best water purifier for home use is not universal and depends heavily on the quality of the incoming water supply. For water with high dissolved solids, a Reverse Osmosis system is often recommended. For water primarily contaminated with biological impurities, an Ultraviolet purifier may be sufficient. Gravity-based purifiers are a popular and economical choice for areas with relatively cleaner water or unstable electricity.

What are the top water purifier brands?

The market features several leading brands globally and regionally. Prominent international brands include Kent RO, Aquaguard, Brita, PUR, and Whirlpool. In specific regions, local leaders such as Eureka Forbes in India are also major players. The top brands are typically recognized for their technology, reliability, and extensive service networks.

How often should you replace a water purifier filter?

The frequency for replacing a water purifier filter depends on the type of filter, the technology used, the quality of the input water, and the volume of water processed. Pre-filters and sediment filters may need replacement every 3-6 months, while carbon filters and RO membranes typically last between 6 to 12 months. Manufacturers provide specific guidelines, and many modern units feature indicator lights to alert users.

What is the difference between a water filter and a water purifier?

The terms are often used interchangeably, but a technical distinction exists. A water filter generally refers to a device that reduces impurities through a physical barrier, chemical process, or biological process. A water purifier is typically held to a higher standard, implying the removal or killing of a broader range of contaminants, including harmful microorganisms like viruses and bacteria, to make water safe for drinking.

Which region has the highest demand for water purifiers?

The Asia-Pacific region currently demonstrates the highest demand for water purifiers globally. This is largely driven by countries like India and China, where rapid industrialization has led to water pollution concerns, coupled with a large population, growing health awareness, rising disposable incomes, and supportive government initiatives aimed at improving access to clean drinking water.

Citius Research has developed a research report titled “Water purifier 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

• Water purifier 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 Water purifier 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.

Water purifier Market Segmentation

Market Segmentation

Regions Covered

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

Water purifier Market Analysis

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

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

Water purifier Market Key Stakeholders

Below are the key stakeholders for the Water purifier Market:

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

Water purifier 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 Water purifier 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 Water purifier 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 Water purifier 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 Water purifier 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 Water purifier 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 Water purifier 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 Water purifier 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 Water purifier 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 Water purifier 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 Water purifier 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 Water purifier 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 Water purifier 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 Water purifier 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 Water purifier 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 Water purifier 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 Water purifier 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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