Deck Boat Market
Deck Boat Market Forecasts to 2030 - Global Analysis By Product Type (Double Decked Boat, Single Decked Boat and Other Product Types), Engine horsepower (HP), Size, Power Source, Application, and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $3.0 BN |
|
Projected Year Value (2030) |
US $5.8 BN |
|
CAGR (2023 - 2030) |
9.6% |
|
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 Deck Boat Market is accounted for $3.0 billion in 2023 and is expected to reach $5.8 billion by 2030 growing at a CAGR of 9.6% during the forecast period. A deck boat is a type of watercraft designed for recreational boating. It typically features a spacious, open deck layout, making it ideal for socializing, fishing, and water sports. Deck boats offer ample seating and storage, making them ideal for leisurely cruises, fishing trips, watersports, and social gatherings. They often come equipped with amenities such as swim platforms, ski tows, and onboard lavatories, catering to various boating preferences.
Market Dynamics:
Driver:
Increase in government policies
Governments worldwide recognize the economic and social benefits of boating, leading to the implementation of policies that promote the industry's development and accessibility. One crucial aspect of supportive government policies is investment in recreational boating infrastructure, including marinas, boat ramps, docking facilities, and navigational aids. Furthermore, regulatory frameworks focused on safety standards, environmental conservation, and boater education contributes to propelling market growth.
Restraint:
High operational costs
Deck boats typically have larger engines and higher horsepower, which results in increased fuel consumption. This can be a significant expense for boat owners, especially when considering the rising fuel prices in recent years. Additionally, maintenance and repair costs for deck boats can be higher compared to smaller watercraft. The cost of regular servicing, engine maintenance, hull repairs, and other necessary services can also hinder this market's overall growth.
Opportunity:
Tourism growth
Deck boats offer an ideal platform for tourists to explore picturesque coastlines and winding rivers, providing a unique and immersive way to discover natural wonders and cultural attractions. Local economies benefit from tourism-driven boating activities and hospitality establishments. Thus, as destinations promote their recreational boating offerings to tourists through marketing campaigns, partnerships, and events, the visibility and appeal of deck boats increase, driving demand and expanding the market.
Threat:
Increase in government policies
Governments worldwide recognize the economic and social benefits of boating, leading to the implementation of policies that promote the industry's development and accessibility. One crucial aspect of supportive government policies is investment in recreational boating infrastructure, including marinas, boat ramps, docking facilities, and navigational aids. Furthermore, regulatory frameworks focused on safety standards, environmental conservation, and boater education contributes to propelling market growth.
Covid-19 Impact
The COVID-19 pandemic has had several negative impacts on the deck boat market. Restrictions on travel and social gatherings imposed to curb the spread of the virus led to a decline in leisure boating activities, as people were unable or hesitant to engage in recreational pursuits. Moreover, disruptions in the supply chain caused by factory closures, labor shortages, and logistical challenges hindered the production and distribution of deck boats.
The double decked boat segment is expected to be the largest during the forecast period
The double-decked boat segment is estimated to hold the largest share due to a specialized niche catering to boaters seeking enhanced space and functionality. These boats feature two levels of deck space, offering increased capacity for passengers and amenities compared to traditional single-level deck boats. Moreover, they offer enhanced performance capabilities, including more powerful engines and advanced hull designs for smoother rides and better handling, which is propelling this segment’s growth.
The internal combustion engine segment is expected to have the highest CAGR during the forecast period
The internal combustion engine segment is anticipated to have highest CAGR during the forecast period. These engines typically range in size and configuration, offering varying levels of horsepower to meet the performance needs of different deck boat models and their intended uses. They remain a popular choice among deck boat enthusiasts due to their familiarity, widespread availability, and proven reliability, contributing to their appeal for recreational boaters, which is driving this segment’s expansion.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period, owing to a growing interest in recreational boating activities. Countries such as China, Japan, and South Korea are key players, both as manufacturers and consumers, with their diverse coastlines, numerous lakes, and picturesque waterways. In addition, urbanization and lifestyle changes are driving the adoption of recreational boating among affluent populations in this region.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period, owing to a combination of technological innovation, changing consumer preferences, and evolving regulatory landscapes. Some of the major key players, including Yamaha Motors, Tahoe Boats, and Polaris, are driving the adoption of cleaner and more efficient propulsion systems. Furthermore, evolving regulations and standards governing recreational boating safety and emissions are influencing the design and features of deck boats in Europe.
Key players in the market
Some of the key players in the Deck Boat Market include Marine products Corporation, Malibu Boats Inc., Polaris, Brunswick Corporation, Yamaha Motors, Tahoe Boats, Crownline Boats, Sea Ray, Glastron and Southwind Boats.
Key Developments:
In January 2024, Polaris Inc. announced Executive Vice President (EVP) of Global Operations and Chief Technology Officer (CTO) Ken Pucel has announced his intention to retire in April, following a notable nine-year career with Polaris.
In January 2023, Yamaha Motor Corporation, USA is announcing the remainder of its 2024 street motorcycle lineup including the Supersport, Sport Heritage, Scooter, Hyper Naked and Sport Touring model families.
Product Types Covered:
• Double Decked Boat
• Single Decked Boat
• Other Product Types
Engine horsepower (HP) Covered:
• 100 HP
• 100 HP to 200 HP
• 200 HP to 300 HP
• 300 HP to 400 HP
• >400 HP
Size Covered:
• Small (below 20 ft)
• Medium (20 ft to 24 ft)
• Large (above 24 ft)
Power Sources Covered:
• Electric
• Internal Combustion Engine
Application Covered:
• Fishing
• Wakesurfing
• Wakeboard
• Other Applications
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 2021, 2022, 2023, 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 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 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 Deck Boat Market, By Product Type
5.1 Introduction
5.2 Double Decked Boat
5.3 Single Decked Boat
5.4 Other Product Types
6 Global Deck Boat Market, By Engine horsepower (HP)
6.1 Introduction
6.2 100 HP
6.3 100 HP to 200 HP
6.4 200 HP to 300 HP
6.5 300 HP to 400 HP
6.6 >400 HP
7 Global Deck Boat Market, By Size
7.1 Introduction
7.2 Small (below 20 ft)
7.3 Medium (20 ft to 24 ft)
7.4 Large (above 24 ft)
8 Global Deck Boat Market, By Power Source
8.1 Introduction
8.2 Electric
8.3 Internal Combustion Engine
9 Global Deck Boat Market, By Application
9.1 Introduction
9.2 Fishing
9.3 Wakesurfing
9.4 Wakeboard
9.5 Other Applications
10 Global Deck Boat Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Marine products Corporation
12.2 Malibu Boats Inc.
12.3 Polaris
12.4 Brunswick Corporation
12.5 Yamaha Motors
12.6 Tahoe Boats
12.7 Crownline Boats
12.8 Sea Ray
12.9 Glastron
12.10 Southwind Boats
List of Tables
1 Global Deck Boat Market Outlook, By Region (2021-2030) ($MN)
2 Global Deck Boat Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Deck Boat Market Outlook, By Double Decked Boat (2021-2030) ($MN)
4 Global Deck Boat Market Outlook, By Single Decked Boat (2021-2030) ($MN)
5 Global Deck Boat Market Outlook, By Other Product Types (2021-2030) ($MN)
6 Global Deck Boat Market Outlook, By Engine horsepower (HP) (2021-2030) ($MN)
7 Global Deck Boat Market Outlook, By 100 HP (2021-2030) ($MN)
8 Global Deck Boat Market Outlook, By 100 HP to 200 HP (2021-2030) ($MN)
9 Global Deck Boat Market Outlook, By 200 HP to 300 HP (2021-2030) ($MN)
10 Global Deck Boat Market Outlook, By 300 HP to 400 HP (2021-2030) ($MN)
11 Global Deck Boat Market Outlook, By >400 HP (2021-2030) ($MN)
12 Global Deck Boat Market Outlook, By Size (2021-2030) ($MN)
13 Global Deck Boat Market Outlook, By Small (below 20 ft) (2021-2030) ($MN)
14 Global Deck Boat Market Outlook, By Medium (20 ft to 24 ft) (2021-2030) ($MN)
15 Global Deck Boat Market Outlook, By Large (above 24 ft) (2021-2030) ($MN)
16 Global Deck Boat Market Outlook, By Power Source (2021-2030) ($MN)
17 Global Deck Boat Market Outlook, By Electric (2021-2030) ($MN)
18 Global Deck Boat Market Outlook, By Internal Combustion Engine (2021-2030) ($MN)
19 Global Deck Boat Market Outlook, By Application (2021-2030) ($MN)
20 Global Deck Boat Market Outlook, By Fishing (2021-2030) ($MN)
21 Global Deck Boat Market Outlook, By Wakesurfing (2021-2030) ($MN)
22 Global Deck Boat Market Outlook, By Wakeboard (2021-2030) ($MN)
23 Global Deck Boat Market Outlook, By Other Applications (2021-2030) ($MN)
24 North America Deck Boat Market Outlook, By Country (2021-2030) ($MN)
25 North America Deck Boat Market Outlook, By Product Type (2021-2030) ($MN)
26 North America Deck Boat Market Outlook, By Double Decked Boat (2021-2030) ($MN)
27 North America Deck Boat Market Outlook, By Single Decked Boat (2021-2030) ($MN)
28 North America Deck Boat Market Outlook, By Other Product Types (2021-2030) ($MN)
29 North America Deck Boat Market Outlook, By Engine horsepower (HP) (2021-2030) ($MN)
30 North America Deck Boat Market Outlook, By 100 HP (2021-2030) ($MN)
31 North America Deck Boat Market Outlook, By 100 HP to 200 HP (2021-2030) ($MN)
32 North America Deck Boat Market Outlook, By 200 HP to 300 HP (2021-2030) ($MN)
33 North America Deck Boat Market Outlook, By 300 HP to 400 HP (2021-2030) ($MN)
34 North America Deck Boat Market Outlook, By >400 HP (2021-2030) ($MN)
35 North America Deck Boat Market Outlook, By Size (2021-2030) ($MN)
36 North America Deck Boat Market Outlook, By Small (below 20 ft) (2021-2030) ($MN)
37 North America Deck Boat Market Outlook, By Medium (20 ft to 24 ft) (2021-2030) ($MN)
38 North America Deck Boat Market Outlook, By Large (above 24 ft) (2021-2030) ($MN)
39 North America Deck Boat Market Outlook, By Power Source (2021-2030) ($MN)
40 North America Deck Boat Market Outlook, By Electric (2021-2030) ($MN)
41 North America Deck Boat Market Outlook, By Internal Combustion Engine (2021-2030) ($MN)
42 North America Deck Boat Market Outlook, By Application (2021-2030) ($MN)
43 North America Deck Boat Market Outlook, By Fishing (2021-2030) ($MN)
44 North America Deck Boat Market Outlook, By Wakesurfing (2021-2030) ($MN)
45 North America Deck Boat Market Outlook, By Wakeboard (2021-2030) ($MN)
46 North America Deck Boat Market Outlook, By Other Applications (2021-2030) ($MN)
47 Europe Deck Boat Market Outlook, By Country (2021-2030) ($MN)
48 Europe Deck Boat Market Outlook, By Product Type (2021-2030) ($MN)
49 Europe Deck Boat Market Outlook, By Double Decked Boat (2021-2030) ($MN)
50 Europe Deck Boat Market Outlook, By Single Decked Boat (2021-2030) ($MN)
51 Europe Deck Boat Market Outlook, By Other Product Types (2021-2030) ($MN)
52 Europe Deck Boat Market Outlook, By Engine horsepower (HP) (2021-2030) ($MN)
53 Europe Deck Boat Market Outlook, By 100 HP (2021-2030) ($MN)
54 Europe Deck Boat Market Outlook, By 100 HP to 200 HP (2021-2030) ($MN)
55 Europe Deck Boat Market Outlook, By 200 HP to 300 HP (2021-2030) ($MN)
56 Europe Deck Boat Market Outlook, By 300 HP to 400 HP (2021-2030) ($MN)
57 Europe Deck Boat Market Outlook, By >400 HP (2021-2030) ($MN)
58 Europe Deck Boat Market Outlook, By Size (2021-2030) ($MN)
59 Europe Deck Boat Market Outlook, By Small (below 20 ft) (2021-2030) ($MN)
60 Europe Deck Boat Market Outlook, By Medium (20 ft to 24 ft) (2021-2030) ($MN)
61 Europe Deck Boat Market Outlook, By Large (above 24 ft) (2021-2030) ($MN)
62 Europe Deck Boat Market Outlook, By Power Source (2021-2030) ($MN)
63 Europe Deck Boat Market Outlook, By Electric (2021-2030) ($MN)
64 Europe Deck Boat Market Outlook, By Internal Combustion Engine (2021-2030) ($MN)
65 Europe Deck Boat Market Outlook, By Application (2021-2030) ($MN)
66 Europe Deck Boat Market Outlook, By Fishing (2021-2030) ($MN)
67 Europe Deck Boat Market Outlook, By Wakesurfing (2021-2030) ($MN)
68 Europe Deck Boat Market Outlook, By Wakeboard (2021-2030) ($MN)
69 Europe Deck Boat Market Outlook, By Other Applications (2021-2030) ($MN)
70 Asia Pacific Deck Boat Market Outlook, By Country (2021-2030) ($MN)
71 Asia Pacific Deck Boat Market Outlook, By Product Type (2021-2030) ($MN)
72 Asia Pacific Deck Boat Market Outlook, By Double Decked Boat (2021-2030) ($MN)
73 Asia Pacific Deck Boat Market Outlook, By Single Decked Boat (2021-2030) ($MN)
74 Asia Pacific Deck Boat Market Outlook, By Other Product Types (2021-2030) ($MN)
75 Asia Pacific Deck Boat Market Outlook, By Engine horsepower (HP) (2021-2030) ($MN)
76 Asia Pacific Deck Boat Market Outlook, By 100 HP (2021-2030) ($MN)
77 Asia Pacific Deck Boat Market Outlook, By 100 HP to 200 HP (2021-2030) ($MN)
78 Asia Pacific Deck Boat Market Outlook, By 200 HP to 300 HP (2021-2030) ($MN)
79 Asia Pacific Deck Boat Market Outlook, By 300 HP to 400 HP (2021-2030) ($MN)
80 Asia Pacific Deck Boat Market Outlook, By >400 HP (2021-2030) ($MN)
81 Asia Pacific Deck Boat Market Outlook, By Size (2021-2030) ($MN)
82 Asia Pacific Deck Boat Market Outlook, By Small (below 20 ft) (2021-2030) ($MN)
83 Asia Pacific Deck Boat Market Outlook, By Medium (20 ft to 24 ft) (2021-2030) ($MN)
84 Asia Pacific Deck Boat Market Outlook, By Large (above 24 ft) (2021-2030) ($MN)
85 Asia Pacific Deck Boat Market Outlook, By Power Source (2021-2030) ($MN)
86 Asia Pacific Deck Boat Market Outlook, By Electric (2021-2030) ($MN)
87 Asia Pacific Deck Boat Market Outlook, By Internal Combustion Engine (2021-2030) ($MN)
88 Asia Pacific Deck Boat Market Outlook, By Application (2021-2030) ($MN)
89 Asia Pacific Deck Boat Market Outlook, By Fishing (2021-2030) ($MN)
90 Asia Pacific Deck Boat Market Outlook, By Wakesurfing (2021-2030) ($MN)
91 Asia Pacific Deck Boat Market Outlook, By Wakeboard (2021-2030) ($MN)
92 Asia Pacific Deck Boat Market Outlook, By Other Applications (2021-2030) ($MN)
93 South America Deck Boat Market Outlook, By Country (2021-2030) ($MN)
94 South America Deck Boat Market Outlook, By Product Type (2021-2030) ($MN)
95 South America Deck Boat Market Outlook, By Double Decked Boat (2021-2030) ($MN)
96 South America Deck Boat Market Outlook, By Single Decked Boat (2021-2030) ($MN)
97 South America Deck Boat Market Outlook, By Other Product Types (2021-2030) ($MN)
98 South America Deck Boat Market Outlook, By Engine horsepower (HP) (2021-2030) ($MN)
99 South America Deck Boat Market Outlook, By 100 HP (2021-2030) ($MN)
100 South America Deck Boat Market Outlook, By 100 HP to 200 HP (2021-2030) ($MN)
101 South America Deck Boat Market Outlook, By 200 HP to 300 HP (2021-2030) ($MN)
102 South America Deck Boat Market Outlook, By 300 HP to 400 HP (2021-2030) ($MN)
103 South America Deck Boat Market Outlook, By >400 HP (2021-2030) ($MN)
104 South America Deck Boat Market Outlook, By Size (2021-2030) ($MN)
105 South America Deck Boat Market Outlook, By Small (below 20 ft) (2021-2030) ($MN)
106 South America Deck Boat Market Outlook, By Medium (20 ft to 24 ft) (2021-2030) ($MN)
107 South America Deck Boat Market Outlook, By Large (above 24 ft) (2021-2030) ($MN)
108 South America Deck Boat Market Outlook, By Power Source (2021-2030) ($MN)
109 South America Deck Boat Market Outlook, By Electric (2021-2030) ($MN)
110 South America Deck Boat Market Outlook, By Internal Combustion Engine (2021-2030) ($MN)
111 South America Deck Boat Market Outlook, By Application (2021-2030) ($MN)
112 South America Deck Boat Market Outlook, By Fishing (2021-2030) ($MN)
113 South America Deck Boat Market Outlook, By Wakesurfing (2021-2030) ($MN)
114 South America Deck Boat Market Outlook, By Wakeboard (2021-2030) ($MN)
115 South America Deck Boat Market Outlook, By Other Applications (2021-2030) ($MN)
116 Middle East & Africa Deck Boat Market Outlook, By Country (2021-2030) ($MN)
117 Middle East & Africa Deck Boat Market Outlook, By Product Type (2021-2030) ($MN)
118 Middle East & Africa Deck Boat Market Outlook, By Double Decked Boat (2021-2030) ($MN)
119 Middle East & Africa Deck Boat Market Outlook, By Single Decked Boat (2021-2030) ($MN)
120 Middle East & Africa Deck Boat Market Outlook, By Other Product Types (2021-2030) ($MN)
121 Middle East & Africa Deck Boat Market Outlook, By Engine horsepower (HP) (2021-2030) ($MN)
122 Middle East & Africa Deck Boat Market Outlook, By 100 HP (2021-2030) ($MN)
123 Middle East & Africa Deck Boat Market Outlook, By 100 HP to 200 HP (2021-2030) ($MN)
124 Middle East & Africa Deck Boat Market Outlook, By 200 HP to 300 HP (2021-2030) ($MN)
125 Middle East & Africa Deck Boat Market Outlook, By 300 HP to 400 HP (2021-2030) ($MN)
126 Middle East & Africa Deck Boat Market Outlook, By >400 HP (2021-2030) ($MN)
127 Middle East & Africa Deck Boat Market Outlook, By Size (2021-2030) ($MN)
128 Middle East & Africa Deck Boat Market Outlook, By Small (below 20 ft) (2021-2030) ($MN)
129 Middle East & Africa Deck Boat Market Outlook, By Medium (20 ft to 24 ft) (2021-2030) ($MN)
130 Middle East & Africa Deck Boat Market Outlook, By Large (above 24 ft) (2021-2030) ($MN)
131 Middle East & Africa Deck Boat Market Outlook, By Power Source (2021-2030) ($MN)
132 Middle East & Africa Deck Boat Market Outlook, By Electric (2021-2030) ($MN)
133 Middle East & Africa Deck Boat Market Outlook, By Internal Combustion Engine (2021-2030) ($MN)
134 Middle East & Africa Deck Boat Market Outlook, By Application (2021-2030) ($MN)
135 Middle East & Africa Deck Boat Market Outlook, By Fishing (2021-2030) ($MN)
136 Middle East & Africa Deck Boat Market Outlook, By Wakesurfing (2021-2030) ($MN)
137 Middle East & Africa Deck Boat Market Outlook, By Wakeboard (2021-2030) ($MN)
138 Middle East & Africa Deck Boat Market Outlook, By Other Applications (2021-2030) ($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.
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