Automated Laundromat Services Market
Automated Laundromat Services Market Forecasts to 2028 – Global Analysis By Service Type (Washing, Drying, Heat Roll and Folding), Clothing Type, Generation, Operation (Card Operated, Coin Operated, Hybrid), and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $15.63 BN |
|
Projected Year Value (2028) |
US $19.22 BN |
|
CAGR (2021 - 2028) |
3.0% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Automated Laundromat Services Market is accounted for $15.63 billion in 2021 and is expected to reach $19.22 billion by 2028 growing at a CAGR of 3.0% during the forecast period. An automated laundromat service is a facility where garments are washed and depleted absent a lot of customized proficient guide. While the vast majority are purchasing washers and dryers for home uses, laundromats are progressively famous with numerous condo inhabitants and the individuals who don't have their own clothes washers. A few group possessing clothes washers will generally involve laundromat administrations for huge sheet material and things that customary private machines can't oblige.
Market Dynamics:
Driver:
Availability of laundromat services on smartphone applications
The availability of laundromat services on smartphone applications has boosted online demand for laundry services. With the increasing convenience of balancing a stressful work-life balance, individuals are increasingly opting for on-demand services that can be scheduled quickly via smartphones. Major competitors in the U.K. market are speeding up their efforts to produce laundry mobile applications with a wide range of features. In the near future, this is anticipated to draw additional customers to the automated laundromat services market.
Restraint:
High Initial Cost
The disadvantages of owning laundromats are primarily high initial investment costs. It costs a tremendous amount of money. It is very capital-intensive; the machines are very expensive plus you need to do expensive construction work for the installation of the laundry equipment.
Opportunity:
Changing clothing preferences in emerging regions
People's clothing preferences are evolving, and their schedules are getting busier, hence automated laundromats are becoming more popular. In the automated laundromat services sector, card or coin operated laundry services are regarded a more efficient and cost-effective solution. By providing self-serve washers and dryers at their facilities, dry-cleaning companies can earn revenue from migrants such as professionals and students who do not have proper clothing that requires dry-cleaning. During the forecast period, this aspect is expected to boost the automated laundromat market. Makers of washing machines have experimented with various wash movements and technologies in order to provide the best alternatives based on fabric requirements. One such technology is 6-Motion DD, which provides an optimal motion combination for each type of fabric. Tumble, stepping, filtering, and other wash movements can all be replicated with the 6-Motion technology. Customers are more comfortable while washing laundry as a result of these advances, which contributes to the overall growth of the automated laundromat services market.
Threat:
Competition
It is a competitive business, there are lots of laundromats. One need to find the requirement of a laundromat in the area selected for laundry services and if the user town does not have one, then that is probably a good time to build one from scratch.
The dress segment is expected to be the largest during the forecast period
The dress segment is estimated to have a lucrative growth. People of today are very particular about their dress material, furnishing, and linen, especially during public appearances. People prefer to wear and use expensive, well cleaned and ironed dress materials. A automated laundromat services will help in cleaning including any kind of laundry that are brought to the laundry business be it from shirts dresses.
The washing segment is expected to have the highest CAGR during the forecast period
The washing segment is anticipated to witness the fastest CAGR growth during the forecast period due to the rising disposable income will likely increase the inclination for wash-and-fold services purchased by renters and homeowners further cutting into industry revenue.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to the increasing number of automated laundromat services players operating across the region. Japan is relied upon to enlist a high development rate followed by China in the locale's computerized laundromat administrations market in the years ahead. In Japan, laundromat administrations are utilized by the people who don't have their own clothes washer or to clean huge pieces, for example, duvets or bed and couch sheets, which, thusly, powers the robotized laundromat administrations market in Japan.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period. The UK automated laundromat market has seen an increase in demand from the commercial, residential, and industrial sectors in the past few years. Furthermore, the increased demand for automated laundry services has been fueled by the rise of end-use sectors such as healthcare and hotels. In addition, the hotel industry in the U.K. is predicted to see more franchising opportunities and technical developments, which is likely to assist in the expansion of the UK automated laundromat market.
Key players in the market:
Some of the key players profiled in the Automated Laundromat Services Market include Huntington Cleaners & Shirt Laundry, CSC ServiceWorks, EVI Industries Inc., DhobiLite, CLEANLY, FlyCleaners, PML Solutions Pvt. Ltd., Broomfield Launderette, Laundrapp, Laundryheap, Karl Chehade Dry-Cleaning, and Lapels.
Key Developments:
In November 2015, The Huntington Company, LLC (the "Huntington Company"), a multi-concept franchisor located in Berkley, Mich., announced a new and diversified business model for Martinizing International, LLC, d/b/a Martinizing Dry Cleaning, the largest U.S. based franchise dry cleaning brand, that includes the rebranding of 1-800-DryClean, Pressed4Time and Dry Cleaning Station, at the company's first International Convention in Detroit.
Service Types Covered:
• Washing
• Drying
• Heat Roll and Folding
Clothing Types Covered:
• Top Wear
• Trousers
• Suits
• Dresses
• Bedding
• Bottom Wear
• Other Clothing Types
Generations Covered:
• Millennial
• GenX
• Baby Boomers
• Post Millennial
Operations Covered:
• Card Operated
• Coin Operated
• Hybrid
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automated Laundromat Services Market, By Service Type
5.1 Introduction
5.2 Washing
5.3 Drying
5.4 Heat Roll and Folding
6 Global Automated Laundromat Services Market, By Clothing Type
6.1 Introduction
6.2 Top Wear
6.3 Trousers
6.4 Suits
6.5 Dresses
6.6 Bedding
6.7 Bottom Wear
6.8 Other Clothing Types
7 Global Automated Laundromat Services Market, By Generation
7.1 Introduction
7.2 Millennial
7.3 GenX
7.4 Baby Boomers
7.5 Post Millennial
8 Global Automated Laundromat Services Market, By Operation
8.1 Introduction
8.2 Card Operated
8.3 Coin Operated
8.4 Hybrid
9 Global Automated Laundromat Services Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Huntington Cleaners & Shirt Laundry
11.2 CSC ServiceWorks
11.3 EVI Industries Inc.
11.4 DhobiLite
11.5 CLEANLY
11.6 FlyCleaners
11.7 PML Solutions Pvt. Ltd.
11.8 Broomfield Launderette
11.9 Laundrapp
11.10 Laundryheap
11.11 Karl Chehade Dry-Cleaning
11.12 Lapels
List of Tables
1 Global Automated Laundromat Services Market Outlook, By Region (2019-2028) ($MN)
2 Global Automated Laundromat Services Market Outlook, By Service Type (2019-2028) ($MN)
3 Global Automated Laundromat Services Market Outlook, By Washing (2019-2028) ($MN)
4 Global Automated Laundromat Services Market Outlook, By Drying (2019-2028) ($MN)
5 Global Automated Laundromat Services Market Outlook, By Heat Roll and Folding (2019-2028) ($MN)
6 Global Automated Laundromat Services Market Outlook, By Clothing Type (2019-2028) ($MN)
7 Global Automated Laundromat Services Market Outlook, By Top Wear (2019-2028) ($MN)
8 Global Automated Laundromat Services Market Outlook, By Trousers (2019-2028) ($MN)
9 Global Automated Laundromat Services Market Outlook, By Suits (2019-2028) ($MN)
10 Global Automated Laundromat Services Market Outlook, By Dresses (2019-2028) ($MN)
11 Global Automated Laundromat Services Market Outlook, By Bedding (2019-2028) ($MN)
12 Global Automated Laundromat Services Market Outlook, By Bottom Wear (2019-2028) ($MN)
13 Global Automated Laundromat Services Market Outlook, By Other Clothing Types (2019-2028) ($MN)
14 Global Automated Laundromat Services Market Outlook, By Generation (2019-2028) ($MN)
15 Global Automated Laundromat Services Market Outlook, By Millennial (2019-2028) ($MN)
16 Global Automated Laundromat Services Market Outlook, By GenX (2019-2028) ($MN)
17 Global Automated Laundromat Services Market Outlook, By Baby Boomers (2019-2028) ($MN)
18 Global Automated Laundromat Services Market Outlook, By Post Millennial (2019-2028) ($MN)
19 Global Automated Laundromat Services Market Outlook, By Operation (2019-2028) ($MN)
20 Global Automated Laundromat Services Market Outlook, By Card Operated (2019-2028) ($MN)
21 Global Automated Laundromat Services Market Outlook, By Coin Operated (2019-2028) ($MN)
22 Global Automated Laundromat Services Market Outlook, By Hybrid (2019-2028) ($MN)
23 North America Automated Laundromat Services Market Outlook, By Country (2019-2028) ($MN)
24 North America Automated Laundromat Services Market Outlook, By Service Type (2019-2028) ($MN)
25 North America Automated Laundromat Services Market Outlook, By Washing (2019-2028) ($MN)
26 North America Automated Laundromat Services Market Outlook, By Drying (2019-2028) ($MN)
27 North America Automated Laundromat Services Market Outlook, By Heat Roll and Folding (2019-2028) ($MN)
28 North America Automated Laundromat Services Market Outlook, By Clothing Type (2019-2028) ($MN)
29 North America Automated Laundromat Services Market Outlook, By Top Wear (2019-2028) ($MN)
30 North America Automated Laundromat Services Market Outlook, By Trousers (2019-2028) ($MN)
31 North America Automated Laundromat Services Market Outlook, By Suits (2019-2028) ($MN)
32 North America Automated Laundromat Services Market Outlook, By Dresses (2019-2028) ($MN)
33 North America Automated Laundromat Services Market Outlook, By Bedding (2019-2028) ($MN)
34 North America Automated Laundromat Services Market Outlook, By Bottom Wear (2019-2028) ($MN)
35 North America Automated Laundromat Services Market Outlook, By Other Clothing Types (2019-2028) ($MN)
36 North America Automated Laundromat Services Market Outlook, By Generation (2019-2028) ($MN)
37 North America Automated Laundromat Services Market Outlook, By Millennial (2019-2028) ($MN)
38 North America Automated Laundromat Services Market Outlook, By GenX (2019-2028) ($MN)
39 North America Automated Laundromat Services Market Outlook, By Baby Boomers (2019-2028) ($MN)
40 North America Automated Laundromat Services Market Outlook, By Post Millennial (2019-2028) ($MN)
41 North America Automated Laundromat Services Market Outlook, By Operation (2019-2028) ($MN)
42 North America Automated Laundromat Services Market Outlook, By Card Operated (2019-2028) ($MN)
43 North America Automated Laundromat Services Market Outlook, By Coin Operated (2019-2028) ($MN)
44 North America Automated Laundromat Services Market Outlook, By Hybrid (2019-2028) ($MN)
45 Europe Automated Laundromat Services Market Outlook, By Country (2019-2028) ($MN)
46 Europe Automated Laundromat Services Market Outlook, By Service Type (2019-2028) ($MN)
47 Europe Automated Laundromat Services Market Outlook, By Washing (2019-2028) ($MN)
48 Europe Automated Laundromat Services Market Outlook, By Drying (2019-2028) ($MN)
49 Europe Automated Laundromat Services Market Outlook, By Heat Roll and Folding (2019-2028) ($MN)
50 Europe Automated Laundromat Services Market Outlook, By Clothing Type (2019-2028) ($MN)
51 Europe Automated Laundromat Services Market Outlook, By Top Wear (2019-2028) ($MN)
52 Europe Automated Laundromat Services Market Outlook, By Trousers (2019-2028) ($MN)
53 Europe Automated Laundromat Services Market Outlook, By Suits (2019-2028) ($MN)
54 Europe Automated Laundromat Services Market Outlook, By Dresses (2019-2028) ($MN)
55 Europe Automated Laundromat Services Market Outlook, By Bedding (2019-2028) ($MN)
56 Europe Automated Laundromat Services Market Outlook, By Bottom Wear (2019-2028) ($MN)
57 Europe Automated Laundromat Services Market Outlook, By Other Clothing Types (2019-2028) ($MN)
58 Europe Automated Laundromat Services Market Outlook, By Generation (2019-2028) ($MN)
59 Europe Automated Laundromat Services Market Outlook, By Millennial (2019-2028) ($MN)
60 Europe Automated Laundromat Services Market Outlook, By GenX (2019-2028) ($MN)
61 Europe Automated Laundromat Services Market Outlook, By Baby Boomers (2019-2028) ($MN)
62 Europe Automated Laundromat Services Market Outlook, By Post Millennial (2019-2028) ($MN)
63 Europe Automated Laundromat Services Market Outlook, By Operation (2019-2028) ($MN)
64 Europe Automated Laundromat Services Market Outlook, By Card Operated (2019-2028) ($MN)
65 Europe Automated Laundromat Services Market Outlook, By Coin Operated (2019-2028) ($MN)
66 Europe Automated Laundromat Services Market Outlook, By Hybrid (2019-2028) ($MN)
67 Asia Pacific Automated Laundromat Services Market Outlook, By Country (2019-2028) ($MN)
68 Asia Pacific Automated Laundromat Services Market Outlook, By Service Type (2019-2028) ($MN)
69 Asia Pacific Automated Laundromat Services Market Outlook, By Washing (2019-2028) ($MN)
70 Asia Pacific Automated Laundromat Services Market Outlook, By Drying (2019-2028) ($MN)
71 Asia Pacific Automated Laundromat Services Market Outlook, By Heat Roll and Folding (2019-2028) ($MN)
72 Asia Pacific Automated Laundromat Services Market Outlook, By Clothing Type (2019-2028) ($MN)
73 Asia Pacific Automated Laundromat Services Market Outlook, By Top Wear (2019-2028) ($MN)
74 Asia Pacific Automated Laundromat Services Market Outlook, By Trousers (2019-2028) ($MN)
75 Asia Pacific Automated Laundromat Services Market Outlook, By Suits (2019-2028) ($MN)
76 Asia Pacific Automated Laundromat Services Market Outlook, By Dresses (2019-2028) ($MN)
77 Asia Pacific Automated Laundromat Services Market Outlook, By Bedding (2019-2028) ($MN)
78 Asia Pacific Automated Laundromat Services Market Outlook, By Bottom Wear (2019-2028) ($MN)
79 Asia Pacific Automated Laundromat Services Market Outlook, By Other Clothing Types (2019-2028) ($MN)
80 Asia Pacific Automated Laundromat Services Market Outlook, By Generation (2019-2028) ($MN)
81 Asia Pacific Automated Laundromat Services Market Outlook, By Millennial (2019-2028) ($MN)
82 Asia Pacific Automated Laundromat Services Market Outlook, By GenX (2019-2028) ($MN)
83 Asia Pacific Automated Laundromat Services Market Outlook, By Baby Boomers (2019-2028) ($MN)
84 Asia Pacific Automated Laundromat Services Market Outlook, By Post Millennial (2019-2028) ($MN)
85 Asia Pacific Automated Laundromat Services Market Outlook, By Operation (2019-2028) ($MN)
86 Asia Pacific Automated Laundromat Services Market Outlook, By Card Operated (2019-2028) ($MN)
87 Asia Pacific Automated Laundromat Services Market Outlook, By Coin Operated (2019-2028) ($MN)
88 Asia Pacific Automated Laundromat Services Market Outlook, By Hybrid (2019-2028) ($MN)
89 South America Automated Laundromat Services Market Outlook, By Country (2019-2028) ($MN)
90 South America Automated Laundromat Services Market Outlook, By Service Type (2019-2028) ($MN)
91 South America Automated Laundromat Services Market Outlook, By Washing (2019-2028) ($MN)
92 South America Automated Laundromat Services Market Outlook, By Drying (2019-2028) ($MN)
93 South America Automated Laundromat Services Market Outlook, By Heat Roll and Folding (2019-2028) ($MN)
94 South America Automated Laundromat Services Market Outlook, By Clothing Type (2019-2028) ($MN)
95 South America Automated Laundromat Services Market Outlook, By Top Wear (2019-2028) ($MN)
96 South America Automated Laundromat Services Market Outlook, By Trousers (2019-2028) ($MN)
97 South America Automated Laundromat Services Market Outlook, By Suits (2019-2028) ($MN)
98 South America Automated Laundromat Services Market Outlook, By Dresses (2019-2028) ($MN)
99 South America Automated Laundromat Services Market Outlook, By Bedding (2019-2028) ($MN)
100 South America Automated Laundromat Services Market Outlook, By Bottom Wear (2019-2028) ($MN)
101 South America Automated Laundromat Services Market Outlook, By Other Clothing Types (2019-2028) ($MN)
102 South America Automated Laundromat Services Market Outlook, By Generation (2019-2028) ($MN)
103 South America Automated Laundromat Services Market Outlook, By Millennial (2019-2028) ($MN)
104 South America Automated Laundromat Services Market Outlook, By GenX (2019-2028) ($MN)
105 South America Automated Laundromat Services Market Outlook, By Baby Boomers (2019-2028) ($MN)
106 South America Automated Laundromat Services Market Outlook, By Post Millennial (2019-2028) ($MN)
107 South America Automated Laundromat Services Market Outlook, By Operation (2019-2028) ($MN)
108 South America Automated Laundromat Services Market Outlook, By Card Operated (2019-2028) ($MN)
109 South America Automated Laundromat Services Market Outlook, By Coin Operated (2019-2028) ($MN)
110 South America Automated Laundromat Services Market Outlook, By Hybrid (2019-2028) ($MN)
111 Middle East & Africa Automated Laundromat Services Market Outlook, By Country (2019-2028) ($MN)
112 Middle East & Africa Automated Laundromat Services Market Outlook, By Service Type (2019-2028) ($MN)
113 Middle East & Africa Automated Laundromat Services Market Outlook, By Washing (2019-2028) ($MN)
114 Middle East & Africa Automated Laundromat Services Market Outlook, By Drying (2019-2028) ($MN)
115 Middle East & Africa Automated Laundromat Services Market Outlook, By Heat Roll and Folding (2019-2028) ($MN)
116 Middle East & Africa Automated Laundromat Services Market Outlook, By Clothing Type (2019-2028) ($MN)
117 Middle East & Africa Automated Laundromat Services Market Outlook, By Top Wear (2019-2028) ($MN)
118 Middle East & Africa Automated Laundromat Services Market Outlook, By Trousers (2019-2028) ($MN)
119 Middle East & Africa Automated Laundromat Services Market Outlook, By Suits (2019-2028) ($MN)
120 Middle East & Africa Automated Laundromat Services Market Outlook, By Dresses (2019-2028) ($MN)
121 Middle East & Africa Automated Laundromat Services Market Outlook, By Bedding (2019-2028) ($MN)
122 Middle East & Africa Automated Laundromat Services Market Outlook, By Bottom Wear (2019-2028) ($MN)
123 Middle East & Africa Automated Laundromat Services Market Outlook, By Other Clothing Types (2019-2028) ($MN)
124 Middle East & Africa Automated Laundromat Services Market Outlook, By Generation (2019-2028) ($MN)
125 Middle East & Africa Automated Laundromat Services Market Outlook, By Millennial (2019-2028) ($MN)
126 Middle East & Africa Automated Laundromat Services Market Outlook, By GenX (2019-2028) ($MN)
127 Middle East & Africa Automated Laundromat Services Market Outlook, By Baby Boomers (2019-2028) ($MN)
128 Middle East & Africa Automated Laundromat Services Market Outlook, By Post Millennial (2019-2028) ($MN)
129 Middle East & Africa Automated Laundromat Services Market Outlook, By Operation (2019-2028) ($MN)
130 Middle East & Africa Automated Laundromat Services Market Outlook, By Card Operated (2019-2028) ($MN)
131 Middle East & Africa Automated Laundromat Services Market Outlook, By Coin Operated (2019-2028) ($MN)
132 Middle East & Africa Automated Laundromat Services Market Outlook, By Hybrid (2019-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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