Brushed Dc Motors Market
Brushed DC Motors Market Forecasts to 2030 - Global Analysis By Type (Permanent Magnet Brush DC Motors, Compound Wound Brush DC Motors and Shunt Wound Brush DC Motors), Voltage (Less than 75 kV, Between 75 kV - 375 kV and Higher than 375 kV), Sales Channel, End User and By Geography
According to Stratistics MRC, the Global Brushed DC Motors Market is accounted for $6.62 billion in 2024 and is expected to reach $10.33 billion by 2030 growing at a CAGR of 7.7% during the forecast period. Brushed DC motors are electromechanical devices that convert electrical energy into mechanical motion. They consist of a stator with permanent magnets and a rotor with windings, separated by a commutator and brushes. When current flows through the rotor windings, it interacts with the magnetic field, causing the rotor to rotate. The commutator reverses the direction of current flow at specific intervals, ensuring continuous rotation.
Market Dynamics:
Driver:
Consumer electronics
Consumer electronics, such as handheld power tools, electric toothbrushes, and small appliances, are a significant driver of the Brushed DC Motors market. These motors are favored for their simplicity, cost-effectiveness, and ability to provide high torque at low speeds, making them ideal for applications requiring precise control and compact designs. In consumer electronics, where size, efficiency, and cost are paramount, Brushed DC Motors offers a balance of performance and affordability, powering everything from kitchen gadgets to personal grooming devices. Additionally, their ease of integration and familiarity with manufacturing processes further solidify their position in this market segment.
Restraint:
Brush wear and maintenance
Brush wear and maintenance present significant restraints in the brushed DC motor market. Brushes in these motors wear over time due to friction, leading to decreased performance and efficiency. Regular maintenance is necessary to replace worn brushes, which adds to operational costs and downtime. Additionally, brush debris can accumulate, causing motor malfunctions and requiring frequent cleaning. These factors contribute to increased maintenance expenses and reduced reliability, making brushed DC motors less attractive compared to brushless alternatives in many applications.
Opportunity:
Renewable energy
Renewable energy presents a promising opportunity for the Brushed DC Motors market due to its efficiency and compatibility with various renewable energy sources. These motors can be utilized in wind turbines, hydroelectric generators, and solar tracking systems, enabling the efficient conversion of renewable resources into electrical energy. Their simplicity in design and reliable operation make them suitable for decentralized energy generation, especially in remote areas. Additionally, brushed DC motors offer cost-effectiveness and easy maintenance, further enhancing their appeal in renewable energy applications.
Threat:
Obsolescence
The threat of obsolescence looms over the Brushed DC Motors market due to advancements in motor technology. Brushed DC motors, while reliable, face challenges such as limited efficiency, higher maintenance requirements, and a shorter lifespan compared to newer alternatives like brushless DC motors. As industries strive for increased efficiency and sustainability, there's a growing shift towards brushless technology, rendering brushed DC motors less desirable. Additionally, the evolving landscape of automation and robotics demands motors with higher precision and control, further marginalizing brushed DC motors.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the Brushed DC Motors market. Supply chain disruptions, labor shortages, and reduced manufacturing capacities led to a slowdown in the production and distribution of these motors. With industries like automotive, consumer electronics, and manufacturing experiencing downturns, the demand for brushed DC motors declined. However, sectors such as healthcare and automation witnessed increased demand for medical devices and robotics, which partially offset the overall decline.
The Permanent Magnet Brush DC Motors segment is expected to be the largest during the forecast period
The Permanent Magnet Brush DC Motors segment is experiencing significant growth within the Brushed DC Motors market due to several factors. Permanent magnet brush DC motors offer higher efficiency and power density compared to other brushed motor types, making them increasingly desirable for various applications such as automotive, industrial automation, and consumer electronics. Additionally, advancements in magnet technology have led to the production of more powerful and compact permanent magnets, driving the adoption of these motors. Moreover, the demand for energy-efficient solutions and the increasing focus on reducing carbon footprints are fueling the growth of permanent magnet brush DC motors.
The Automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment within the Brushed DC Motors market is experiencing robust growth due to several factors. The rising demand for electric vehicles (EVs) and hybrid vehicles is driving the adoption of brushed DC motors in various automotive applications such as power windows, windshield wipers, and seat adjustment systems. Additionally, the automotive industry's focus on lightweight and compact components favors the use of brushed DC motors due to their simplicity and efficiency. Furthermore, advancements in motor design and manufacturing technologies have improved the performance and reliability of brushed DC motors, making them increasingly attractive to automotive manufacturers.
Region with largest share:
The growth of the Brushed DC Motors market in North America can be attributed to several factors. Increasing automation and industrialization across various sectors such as automotive, aerospace, and manufacturing have led to a rising demand for these motors in machinery and equipment. The growing emphasis on energy efficiency and sustainability has prompted the adoption of brushed DC motors due to their relatively simpler design and lower cost compared to alternatives. Furthermore, favourable government initiatives and investments in infrastructure development have further propelled market growth, particularly in sectors like renewable energy and transportation.
Region with highest CAGR:
The Asia Pacific region has experienced significant growth in the Brushed DC Motors market due to several factors. The expanding industrial sector across countries like China, India, and Japan has propelled the demand for these motors in various applications such as manufacturing, automotive, and electronics. Additionally, the rise in infrastructure development projects in emerging economies has boosted the need for Brushed DC Motors in construction equipment and machinery. Furthermore, advancements in technology and increased investments in research and development have led to the introduction of more efficient and reliable brushed DC motor solutions.
Key players in the market
Some of the key players in Brushed DC Motors market include ABB, Allied Motion Technologies Inc, AMETEK, Inc., Anaheim Automation, Arc System Works, Brook Crompton, Electromate Inc., Franklin Electric, GE Industrial Motors, Hansen Corporation, Johnson Electric Holdings Limited, Kollmorgen Corporation, Maxon Motor AG, MinebeaMitsumi, Moog Inc., Nidec Motor Corporation, OMRON Corporation, Siemens AG, Toshiba Corp. and WEG Electric Corp.
Key Developments:
In May 2024, Franklin Electric Co., Inc., known for its water and energy systems, has announced the appointment of Joe Ruzynski as its new Chief Executive Officer, starting July 1, 2024. Ruzynski will also join the company's Board of Directors. The incumbent CEO, Gregg Sengstack, who has been at the helm since 2014 and Chairperson since 2015, will take on the role of Executive Chairperson. Ruzynski, 49, comes to Franklin Electric from nVent Electric plc, where he served as President of the Enclosures Segment.
In February 2024, OMRON Corporation has been listed within “Best Japan Brands 2024” on the globally recognized Interbrand Japan, for seventh consecutive year. OMRON has claimed 43rd rank in the ""Best Japan Brands 2024"" brand value ranking, among the top 100 Japanese brands evaluated. This year, OMRON's brand value amounted to 1.25 billion US dollars (approximately 188 billion yen*), a continued increase of 9% over the previous year.
Types Covered:
• Permanent Magnet Brush DC Motors
• Compound Wound Brush DC Motors
• Series Wound Brush DC Motors
• Shunt Wound Brush DC Motors
Voltages Covered:
• Less than 75 kV
• Between 75 kV - 375 kV
• Higher than 375 kV
Sales Channels Covered:
• Aftermarket
• Original Equipment Manufacturers
End Users Covered:
• Commercial
• Residential
• Automotive
• Industrial
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 2022, 2023, 2024, 2026, and 2030
- 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
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 End User Analysis
3.7 Emerging Markets
3.8 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 Brushed DC Motors Market, By Type
5.1 Introduction
5.2 Permanent Magnet Brush DC Motors
5.3 Compound Wound Brush DC Motors
5.4 Series Wound Brush DC Motors
5.5 Shunt Wound Brush DC Motors
6 Global Brushed DC Motors Market, By Voltage
6.1 Introduction
6.2 Less than 75 kV
6.3 Between 75 kV - 375 kV
6.4 Higher than 375 kV
7 Global Brushed DC Motors Market, By Sales Channel
7.1 Introduction
7.2 Aftermarket
7.3 Original Equipment Manufacturers
8 Global Brushed DC Motors Market, By End User
8.1 Introduction
8.2 Commercial
8.3 Residential
8.4 Automotive
8.5 Industrial
8.5.1 Process industry
8.5.2 Discrete industry
9 Global Brushed DC Motors 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 ABB
11.2 Allied Motion Technologies Inc
11.3 AMETEK, Inc.
11.4 Anaheim Automation
11.5 Arc System Works
11.6 Brook Crompton
11.7 Electromate Inc.
11.8 Franklin Electric
11.9 GE Industrial Motors
11.10 Hansen Corporation
11.11 Johnson Electric Holdings Limited
11.12 Kollmorgen Corporation
11.13 Maxon Motor AG
11.14 MinebeaMitsumi
11.15 Moog Inc.
11.16 Nidec Motor Corporation
11.17 OMRON Corporation
11.18 Siemens AG
11.19 Toshiba Corp.
11.20 WEG Electric Corp
List of Tables
1 Global Brushed DC Motors Market Outlook, By Region (2022-2030) ($MN)
2 Global Brushed DC Motors Market Outlook, By Type (2022-2030) ($MN)
3 Global Brushed DC Motors Market Outlook, By Permanent Magnet Brush DC Motors (2022-2030) ($MN)
4 Global Brushed DC Motors Market Outlook, By Compound Wound Brush DC Motors (2022-2030) ($MN)
5 Global Brushed DC Motors Market Outlook, By Series Wound Brush DC Motors (2022-2030) ($MN)
6 Global Brushed DC Motors Market Outlook, By Shunt Wound Brush DC Motors (2022-2030) ($MN)
7 Global Brushed DC Motors Market Outlook, By Voltage (2022-2030) ($MN)
8 Global Brushed DC Motors Market Outlook, By Less than 75 kV (2022-2030) ($MN)
9 Global Brushed DC Motors Market Outlook, By Between 75 kV - 375 kV (2022-2030) ($MN)
10 Global Brushed DC Motors Market Outlook, By Higher than 375 kV (2022-2030) ($MN)
11 Global Brushed DC Motors Market Outlook, By Sales Channel (2022-2030) ($MN)
12 Global Brushed DC Motors Market Outlook, By Aftermarket (2022-2030) ($MN)
13 Global Brushed DC Motors Market Outlook, By Original Equipment Manufacturers (2022-2030) ($MN)
14 Global Brushed DC Motors Market Outlook, By End User (2022-2030) ($MN)
15 Global Brushed DC Motors Market Outlook, By Commercial (2022-2030) ($MN)
16 Global Brushed DC Motors Market Outlook, By Residential (2022-2030) ($MN)
17 Global Brushed DC Motors Market Outlook, By Automotive (2022-2030) ($MN)
18 Global Brushed DC Motors Market Outlook, By Industrial (2022-2030) ($MN)
19 Global Brushed DC Motors Market Outlook, By Process industry (2022-2030) ($MN)
20 Global Brushed DC Motors Market Outlook, By Discrete industry (2022-2030) ($MN)
21 North America Brushed DC Motors Market Outlook, By Country (2022-2030) ($MN)
22 North America Brushed DC Motors Market Outlook, By Type (2022-2030) ($MN)
23 North America Brushed DC Motors Market Outlook, By Permanent Magnet Brush DC Motors (2022-2030) ($MN)
24 North America Brushed DC Motors Market Outlook, By Compound Wound Brush DC Motors (2022-2030) ($MN)
25 North America Brushed DC Motors Market Outlook, By Series Wound Brush DC Motors (2022-2030) ($MN)
26 North America Brushed DC Motors Market Outlook, By Shunt Wound Brush DC Motors (2022-2030) ($MN)
27 North America Brushed DC Motors Market Outlook, By Voltage (2022-2030) ($MN)
28 North America Brushed DC Motors Market Outlook, By Less than 75 kV (2022-2030) ($MN)
29 North America Brushed DC Motors Market Outlook, By Between 75 kV - 375 kV (2022-2030) ($MN)
30 North America Brushed DC Motors Market Outlook, By Higher than 375 kV (2022-2030) ($MN)
31 North America Brushed DC Motors Market Outlook, By Sales Channel (2022-2030) ($MN)
32 North America Brushed DC Motors Market Outlook, By Aftermarket (2022-2030) ($MN)
33 North America Brushed DC Motors Market Outlook, By Original Equipment Manufacturers (2022-2030) ($MN)
34 North America Brushed DC Motors Market Outlook, By End User (2022-2030) ($MN)
35 North America Brushed DC Motors Market Outlook, By Commercial (2022-2030) ($MN)
36 North America Brushed DC Motors Market Outlook, By Residential (2022-2030) ($MN)
37 North America Brushed DC Motors Market Outlook, By Automotive (2022-2030) ($MN)
38 North America Brushed DC Motors Market Outlook, By Industrial (2022-2030) ($MN)
39 North America Brushed DC Motors Market Outlook, By Process industry (2022-2030) ($MN)
40 North America Brushed DC Motors Market Outlook, By Discrete industry (2022-2030) ($MN)
41 Europe Brushed DC Motors Market Outlook, By Country (2022-2030) ($MN)
42 Europe Brushed DC Motors Market Outlook, By Type (2022-2030) ($MN)
43 Europe Brushed DC Motors Market Outlook, By Permanent Magnet Brush DC Motors (2022-2030) ($MN)
44 Europe Brushed DC Motors Market Outlook, By Compound Wound Brush DC Motors (2022-2030) ($MN)
45 Europe Brushed DC Motors Market Outlook, By Series Wound Brush DC Motors (2022-2030) ($MN)
46 Europe Brushed DC Motors Market Outlook, By Shunt Wound Brush DC Motors (2022-2030) ($MN)
47 Europe Brushed DC Motors Market Outlook, By Voltage (2022-2030) ($MN)
48 Europe Brushed DC Motors Market Outlook, By Less than 75 kV (2022-2030) ($MN)
49 Europe Brushed DC Motors Market Outlook, By Between 75 kV - 375 kV (2022-2030) ($MN)
50 Europe Brushed DC Motors Market Outlook, By Higher than 375 kV (2022-2030) ($MN)
51 Europe Brushed DC Motors Market Outlook, By Sales Channel (2022-2030) ($MN)
52 Europe Brushed DC Motors Market Outlook, By Aftermarket (2022-2030) ($MN)
53 Europe Brushed DC Motors Market Outlook, By Original Equipment Manufacturers (2022-2030) ($MN)
54 Europe Brushed DC Motors Market Outlook, By End User (2022-2030) ($MN)
55 Europe Brushed DC Motors Market Outlook, By Commercial (2022-2030) ($MN)
56 Europe Brushed DC Motors Market Outlook, By Residential (2022-2030) ($MN)
57 Europe Brushed DC Motors Market Outlook, By Automotive (2022-2030) ($MN)
58 Europe Brushed DC Motors Market Outlook, By Industrial (2022-2030) ($MN)
59 Europe Brushed DC Motors Market Outlook, By Process industry (2022-2030) ($MN)
60 Europe Brushed DC Motors Market Outlook, By Discrete industry (2022-2030) ($MN)
61 Asia Pacific Brushed DC Motors Market Outlook, By Country (2022-2030) ($MN)
62 Asia Pacific Brushed DC Motors Market Outlook, By Type (2022-2030) ($MN)
63 Asia Pacific Brushed DC Motors Market Outlook, By Permanent Magnet Brush DC Motors (2022-2030) ($MN)
64 Asia Pacific Brushed DC Motors Market Outlook, By Compound Wound Brush DC Motors (2022-2030) ($MN)
65 Asia Pacific Brushed DC Motors Market Outlook, By Series Wound Brush DC Motors (2022-2030) ($MN)
66 Asia Pacific Brushed DC Motors Market Outlook, By Shunt Wound Brush DC Motors (2022-2030) ($MN)
67 Asia Pacific Brushed DC Motors Market Outlook, By Voltage (2022-2030) ($MN)
68 Asia Pacific Brushed DC Motors Market Outlook, By Less than 75 kV (2022-2030) ($MN)
69 Asia Pacific Brushed DC Motors Market Outlook, By Between 75 kV - 375 kV (2022-2030) ($MN)
70 Asia Pacific Brushed DC Motors Market Outlook, By Higher than 375 kV (2022-2030) ($MN)
71 Asia Pacific Brushed DC Motors Market Outlook, By Sales Channel (2022-2030) ($MN)
72 Asia Pacific Brushed DC Motors Market Outlook, By Aftermarket (2022-2030) ($MN)
73 Asia Pacific Brushed DC Motors Market Outlook, By Original Equipment Manufacturers (2022-2030) ($MN)
74 Asia Pacific Brushed DC Motors Market Outlook, By End User (2022-2030) ($MN)
75 Asia Pacific Brushed DC Motors Market Outlook, By Commercial (2022-2030) ($MN)
76 Asia Pacific Brushed DC Motors Market Outlook, By Residential (2022-2030) ($MN)
77 Asia Pacific Brushed DC Motors Market Outlook, By Automotive (2022-2030) ($MN)
78 Asia Pacific Brushed DC Motors Market Outlook, By Industrial (2022-2030) ($MN)
79 Asia Pacific Brushed DC Motors Market Outlook, By Process industry (2022-2030) ($MN)
80 Asia Pacific Brushed DC Motors Market Outlook, By Discrete industry (2022-2030) ($MN)
81 South America Brushed DC Motors Market Outlook, By Country (2022-2030) ($MN)
82 South America Brushed DC Motors Market Outlook, By Type (2022-2030) ($MN)
83 South America Brushed DC Motors Market Outlook, By Permanent Magnet Brush DC Motors (2022-2030) ($MN)
84 South America Brushed DC Motors Market Outlook, By Compound Wound Brush DC Motors (2022-2030) ($MN)
85 South America Brushed DC Motors Market Outlook, By Series Wound Brush DC Motors (2022-2030) ($MN)
86 South America Brushed DC Motors Market Outlook, By Shunt Wound Brush DC Motors (2022-2030) ($MN)
87 South America Brushed DC Motors Market Outlook, By Voltage (2022-2030) ($MN)
88 South America Brushed DC Motors Market Outlook, By Less than 75 kV (2022-2030) ($MN)
89 South America Brushed DC Motors Market Outlook, By Between 75 kV - 375 kV (2022-2030) ($MN)
90 South America Brushed DC Motors Market Outlook, By Higher than 375 kV (2022-2030) ($MN)
91 South America Brushed DC Motors Market Outlook, By Sales Channel (2022-2030) ($MN)
92 South America Brushed DC Motors Market Outlook, By Aftermarket (2022-2030) ($MN)
93 South America Brushed DC Motors Market Outlook, By Original Equipment Manufacturers (2022-2030) ($MN)
94 South America Brushed DC Motors Market Outlook, By End User (2022-2030) ($MN)
95 South America Brushed DC Motors Market Outlook, By Commercial (2022-2030) ($MN)
96 South America Brushed DC Motors Market Outlook, By Residential (2022-2030) ($MN)
97 South America Brushed DC Motors Market Outlook, By Automotive (2022-2030) ($MN)
98 South America Brushed DC Motors Market Outlook, By Industrial (2022-2030) ($MN)
99 South America Brushed DC Motors Market Outlook, By Process industry (2022-2030) ($MN)
100 South America Brushed DC Motors Market Outlook, By Discrete industry (2022-2030) ($MN)
101 Middle East & Africa Brushed DC Motors Market Outlook, By Country (2022-2030) ($MN)
102 Middle East & Africa Brushed DC Motors Market Outlook, By Type (2022-2030) ($MN)
103 Middle East & Africa Brushed DC Motors Market Outlook, By Permanent Magnet Brush DC Motors (2022-2030) ($MN)
104 Middle East & Africa Brushed DC Motors Market Outlook, By Compound Wound Brush DC Motors (2022-2030) ($MN)
105 Middle East & Africa Brushed DC Motors Market Outlook, By Series Wound Brush DC Motors (2022-2030) ($MN)
106 Middle East & Africa Brushed DC Motors Market Outlook, By Shunt Wound Brush DC Motors (2022-2030) ($MN)
107 Middle East & Africa Brushed DC Motors Market Outlook, By Voltage (2022-2030) ($MN)
108 Middle East & Africa Brushed DC Motors Market Outlook, By Less than 75 kV (2022-2030) ($MN)
109 Middle East & Africa Brushed DC Motors Market Outlook, By Between 75 kV - 375 kV (2022-2030) ($MN)
110 Middle East & Africa Brushed DC Motors Market Outlook, By Higher than 375 kV (2022-2030) ($MN)
111 Middle East & Africa Brushed DC Motors Market Outlook, By Sales Channel (2022-2030) ($MN)
112 Middle East & Africa Brushed DC Motors Market Outlook, By Aftermarket (2022-2030) ($MN)
113 Middle East & Africa Brushed DC Motors Market Outlook, By Original Equipment Manufacturers (2022-2030) ($MN)
114 Middle East & Africa Brushed DC Motors Market Outlook, By End User (2022-2030) ($MN)
115 Middle East & Africa Brushed DC Motors Market Outlook, By Commercial (2022-2030) ($MN)
116 Middle East & Africa Brushed DC Motors Market Outlook, By Residential (2022-2030) ($MN)
117 Middle East & Africa Brushed DC Motors Market Outlook, By Automotive (2022-2030) ($MN)
118 Middle East & Africa Brushed DC Motors Market Outlook, By Industrial (2022-2030) ($MN)
119 Middle East & Africa Brushed DC Motors Market Outlook, By Process industry (2022-2030) ($MN)
120 Middle East & Africa Brushed DC Motors Market Outlook, By Discrete industry (2022-2030) ($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.
For more details about research methodology, kindly write to us at info@strategymrc.com
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