Electric Vehicle Ev Insurance Market
Electric Vehicle [EV] Insurance Market Forecasts to 2030 - Global Analysis By Propulsion Type (Battery Electric Vehicles and Hybrid Electric Vehicles), Vehicle Type (Commercial Vehicles and Passenger Cars), Coverage Type (Accidental Damage, Car Battery & Auto Parts Replacement, Theft or Malicious Damage and Other Coverage Types), Vehicle Age and By Geography
According to Stratistics MRC, the Global Electric Vehicle [EV] Insurance Market is accounted for $116.5 billion in 2024 and is expected to reach $975.7 billion by 2030 growing at a CAGR of 42.5% during the forecast period. Electric Vehicle (EV) insurance is a specialized type of auto insurance designed to cover electric vehicles, which differ from traditional gasoline-powered cars in terms of technology, repair needs, and potential risks. EV insurance policies provide coverage for damages resulting from accidents, theft, vandalism, or natural disasters, similar to standard car insurance. They may also include specific provisions related to EV components like the battery, charging equipment, and electric powertrains, which can be costly to repair or replace. Some insurers offer coverage options for home charging stations, roadside assistance for charging issues, and even extended warranties for EV-specific parts.
According to the International Energy Agency (IEA), in 2021, nearly 4.7 million BEV cars were sold worldwide, whereas the total number of hybrid cars sold was 1.9 million units.
Market Dynamics:
Driver:
Integration with telematics and usage-based insurance
The integration of telematics and usage-based insurance (UBI) is transforming Electric Vehicle (EV) insurance by offering personalized, data-driven policies that align with actual driving behavior. Telematics devices, which track data such as mileage, speed, acceleration, and braking patterns, allow insurers to tailor premiums based on real-time driving habits rather than traditional risk factors. For EVs, this is particularly advantageous, as it provides insights into how often and how efficiently the vehicle is charged, its range, and overall usage. This results in more accurate pricing that can reward safe driving with lower premiums.
Restraint:
Uncertainty of battery life and degradation
The uncertainty of battery life and degradation is a significant challenge for Electric Vehicle (EV) insurance providers. Unlike traditional internal combustion engine vehicles, EVs rely heavily on lithium-ion batteries, which degrade over time, reducing their range and efficiency. Predicting how long a battery will last or when it will fail is difficult because it depends on numerous factors, such as temperature, usage patterns, charging habits, and the specific battery chemistry. This unpredictability complicates the process of accurately assessing the risk of battery failure or deterioration, which in turn impacts insurance premiums and coverage options. Insurers may be reluctant to offer comprehensive coverage for battery-related issues, leading to higher costs for EV owners or limited options.
Opportunity:
Rise in penetration of internet & mobile devices
As more consumers adopt EVs, they are increasingly relying on digital platforms for information, comparison, and purchasing of insurance policies. Mobile apps and online tools make it easier for EV owners to access real-time data on their vehicle’s performance, track maintenance schedules, and even file claims, streamlining the insurance process. The growing use of telematics technology in EVs allows insurers to assess driving behavior more accurately, enabling customized policies based on individual usage patterns, which can result in lower premiums for safe drivers. Digital platforms also foster a more competitive insurance market, driving down costs and improving customer experience with instant policy issuance and renewals.
Threat:
Lack of charging infrastructure
The lack of widespread charging infrastructure is a significant barrier to the growth of Electric Vehicle (EV) insurance. Insurers face challenges in assessing risk due to the limited availability of charging stations, which can increase the likelihood of breakdowns or accidents in remote areas with insufficient charging access. The absence of reliable charging networks also affects the range anxiety of EV owners, leading to concerns about battery depletion in areas where charging facilities are scarce. As a result, insurers may factor in higher premiums for EVs, especially for owners in regions with limited charging infrastructure, as the potential for higher repair costs or emergency services increases.
Covid-19 Impact:
The COVID-19 pandemic had a significant impact on the electric vehicle (EV) insurance market, driven by shifts in driving behavior, regulatory changes, and the acceleration of EV adoption. With widespread lockdowns and restrictions, many people drove less, leading to a decrease in accident rates and a temporary reduction in premiums for both traditional and electric vehicles. Insurers recalibrated pricing models, factoring in the drop in claims. However, the pandemic also fast-tracked the transition to EVs, as governments pushed for greener policies and consumers sought more sustainable transportation options.
The Battery Electric Vehicles segment is expected to be the largest during the forecast period
Battery Electric Vehicles segment is expected to dominate the largest share over the estimated period. As BEVs become more popular due to environmental concerns and advancements in technology, insurance providers are adapting their policies to cater to the unique needs of these vehicles. BEVs generally require specialized coverage due to their high battery costs, advanced technologies, and unique repair requirements. Insurers are increasingly offering customized EV insurance policies that account for factors like battery life, charging infrastructure, and the potential for software-based malfunctions. Additionally, the lower maintenance costs of BEVs compared to traditional vehicles are influencing premium structures, leading to more competitive pricing.
The Passenger Cars segment is expected to have the highest CAGR during the forecast period
Passenger Cars segment is estimated to grow at a rapid pace during the forecast period, driven by the rapid adoption of electric vehicles globally. As more consumers and businesses switch from traditional internal combustion engine (ICE) cars to EVs, the demand for specialized EV insurance policies has surged. EVs come with unique features such as advanced battery technology, electric powertrains, and high-tech components, which require tailored coverage. Insurance companies are adapting by offering policies that cover these specific risks, often with incentives like discounts for eco-friendly driving habits. The expansion of EV infrastructure and government incentives further fuel the growth of the EV market, making EV insurance a crucial and dynamic segment in the broader automotive insurance industry.
Region with largest share:
Asia Pacific region is poised to hold the largest share of the market throughout the extrapolated period, due to a combination of factors including environmental awareness and the rise of EV adoption. Countries like China, Japan, and India are at the forefront of this transition, with governments offering incentives such as tax rebates and infrastructure development to boost EV sales. As EV ownership rises, the demand for specialized insurance products tailored to the unique needs of electric vehicles such as coverage for battery failure, charging equipment and technology integration is also surging. Moreover, the growing presence of both local and global insurers in the region is driving competition, resulting in more innovative and affordable insurance options.
Region with highest CAGR:
Europe region is estimated to witness the highest CAGR during the projected time frame. Green incentive programs in Europe are rapidly gaining traction, particularly in the electric vehicle (EV) insurance sector. These programs are designed to encourage eco-friendly behavior by offering financial incentives, discounts or rewards to policyholders who drive electric vehicles, use sustainable practices, or contribute to reducing their carbon footprint. Insurers are increasingly recognizing the growing demand for EVs and are aligning their offerings with environmental goals, providing lower premiums for EV owners, discounted rates for safe driving and additional perks for using green technologies. These incentives help to drive the adoption of electric vehicles, which in turn supports the broader European Union target of achieving carbon neutrality.
Key players in the market
Some of the key players in Electric Vehicle [EV] Insurance market include Allianz SE, Allstate Insurance Company, Bajaj Allianz General Insurance Company, Direct Line Insurance Group plc, Esure Group plc, Lemonade, Inc, Liberty Mutual Insurance Company, The Progressive Corporation, State Farm Mutual Automobile Insurance Company and Zurich Insurance Group.
Key Developments:
In September 2022, Aviva launched standalone insurance products for EV charging points owing to the surge in demand for EVs in the U.K. The insurance product offers Erection All Risks (EAR) and Operational All Risks (OAR) cover for EV chargers, which is aimed at targeting business customers, including car park operators, contractors, local authorities, asset managers, and forecourt operators. The policies will cover businesses against the risk of fire, flood, and malicious or accidental damage and will be available for single chargers.
In August 2022, Liberty Mutual Insurance Company, in partnership with Autonomy, an EV subscription company, launched a digital month-to-month auto insurance product for EV users. The platform partnership with Autonomy’s DigiSure will enable the users to digitally onboard, evaluate, and qualify a subscriber for month-to-month auto coverage. Furthermore, the partnership with Autonomy will create easy, seamless access to electric vehicles.
In February 2022, AXA Commercial launched a new proposition for fleet customers with electric vehicles to offer greener fleet options to businesses. The proposition includes “future-proof” policy edits, including definitions and consideration for EV accessories such as connectors and charging cables as well as cover for loss or damage to charging points.
Propulsion Types Covered:
• Battery Electric Vehicles
• Hybrid Electric Vehicles
Vehicle Types Covered:
• Commercial Vehicles
• Passenger Cars
Coverage Types Covered:
• Accidental Damage
• Car Battery & Auto Parts Replacement
• Theft or Malicious Damage
• Other Coverage Types
Vehicle Ages Covered:
• Used Vehicle
• New Vehicle
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 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 Electric Vehicle [EV] Insurance Market, By Propulsion Type
5.1 Introduction
5.2 Battery Electric Vehicles
5.3 Hybrid Electric Vehicles
6 Global Electric Vehicle [EV] Insurance Market, By Vehicle Type
6.1 Introduction
6.2 Commercial Vehicles
6.3 Passenger Cars
7 Global Electric Vehicle [EV] Insurance Market, By Coverage Type
7.1 Introduction
7.2 Accidental Damage
7.3 Car Battery & Auto Parts Replacement
7.4 Theft or Malicious Damage
7.5 Other Coverage Types
8 Global Electric Vehicle [EV] Insurance Market, By Vehicle Age
8.1 Introduction
8.2 Used Vehicle
8.3 New Vehicle
9 Global Electric Vehicle [EV] Insurance 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 Allianz SE
11.2 Allstate Insurance Company
11.3 Bajaj Allianz General Insurance Company
11.4 Direct Line Insurance Group plc
11.5 Esure Group plc
11.6 Lemonade, Inc
11.7 Liberty Mutual Insurance Company
11.8 The Progressive Corporation
11.9 State Farm Mutual Automobile Insurance Company
11.10 Zurich Insurance Group
List of Tables
1 Global Electric Vehicle [EV] Insurance Market Outlook, By Region (2022-2030) ($MN)
2 Global Electric Vehicle [EV] Insurance Market Outlook, By Propulsion Type (2022-2030) ($MN)
3 Global Electric Vehicle [EV] Insurance Market Outlook, By Battery Electric Vehicles (2022-2030) ($MN)
4 Global Electric Vehicle [EV] Insurance Market Outlook, By Hybrid Electric Vehicles (2022-2030) ($MN)
5 Global Electric Vehicle [EV] Insurance Market Outlook, By Vehicle Type (2022-2030) ($MN)
6 Global Electric Vehicle [EV] Insurance Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
7 Global Electric Vehicle [EV] Insurance Market Outlook, By Passenger Cars (2022-2030) ($MN)
8 Global Electric Vehicle [EV] Insurance Market Outlook, By Coverage Type (2022-2030) ($MN)
9 Global Electric Vehicle [EV] Insurance Market Outlook, By Accidental Damage (2022-2030) ($MN)
10 Global Electric Vehicle [EV] Insurance Market Outlook, By Car Battery & Auto Parts Replacement (2022-2030) ($MN)
11 Global Electric Vehicle [EV] Insurance Market Outlook, By Theft or Malicious Damage (2022-2030) ($MN)
12 Global Electric Vehicle [EV] Insurance Market Outlook, By Other Coverage Types (2022-2030) ($MN)
13 Global Electric Vehicle [EV] Insurance Market Outlook, By Vehicle Age (2022-2030) ($MN)
14 Global Electric Vehicle [EV] Insurance Market Outlook, By Used Vehicle (2022-2030) ($MN)
15 Global Electric Vehicle [EV] Insurance Market Outlook, By New Vehicle (2022-2030) ($MN)
16 North America Electric Vehicle [EV] Insurance Market Outlook, By Country (2022-2030) ($MN)
17 North America Electric Vehicle [EV] Insurance Market Outlook, By Propulsion Type (2022-2030) ($MN)
18 North America Electric Vehicle [EV] Insurance Market Outlook, By Battery Electric Vehicles (2022-2030) ($MN)
19 North America Electric Vehicle [EV] Insurance Market Outlook, By Hybrid Electric Vehicles (2022-2030) ($MN)
20 North America Electric Vehicle [EV] Insurance Market Outlook, By Vehicle Type (2022-2030) ($MN)
21 North America Electric Vehicle [EV] Insurance Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
22 North America Electric Vehicle [EV] Insurance Market Outlook, By Passenger Cars (2022-2030) ($MN)
23 North America Electric Vehicle [EV] Insurance Market Outlook, By Coverage Type (2022-2030) ($MN)
24 North America Electric Vehicle [EV] Insurance Market Outlook, By Accidental Damage (2022-2030) ($MN)
25 North America Electric Vehicle [EV] Insurance Market Outlook, By Car Battery & Auto Parts Replacement (2022-2030) ($MN)
26 North America Electric Vehicle [EV] Insurance Market Outlook, By Theft or Malicious Damage (2022-2030) ($MN)
27 North America Electric Vehicle [EV] Insurance Market Outlook, By Other Coverage Types (2022-2030) ($MN)
28 North America Electric Vehicle [EV] Insurance Market Outlook, By Vehicle Age (2022-2030) ($MN)
29 North America Electric Vehicle [EV] Insurance Market Outlook, By Used Vehicle (2022-2030) ($MN)
30 North America Electric Vehicle [EV] Insurance Market Outlook, By New Vehicle (2022-2030) ($MN)
31 Europe Electric Vehicle [EV] Insurance Market Outlook, By Country (2022-2030) ($MN)
32 Europe Electric Vehicle [EV] Insurance Market Outlook, By Propulsion Type (2022-2030) ($MN)
33 Europe Electric Vehicle [EV] Insurance Market Outlook, By Battery Electric Vehicles (2022-2030) ($MN)
34 Europe Electric Vehicle [EV] Insurance Market Outlook, By Hybrid Electric Vehicles (2022-2030) ($MN)
35 Europe Electric Vehicle [EV] Insurance Market Outlook, By Vehicle Type (2022-2030) ($MN)
36 Europe Electric Vehicle [EV] Insurance Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
37 Europe Electric Vehicle [EV] Insurance Market Outlook, By Passenger Cars (2022-2030) ($MN)
38 Europe Electric Vehicle [EV] Insurance Market Outlook, By Coverage Type (2022-2030) ($MN)
39 Europe Electric Vehicle [EV] Insurance Market Outlook, By Accidental Damage (2022-2030) ($MN)
40 Europe Electric Vehicle [EV] Insurance Market Outlook, By Car Battery & Auto Parts Replacement (2022-2030) ($MN)
41 Europe Electric Vehicle [EV] Insurance Market Outlook, By Theft or Malicious Damage (2022-2030) ($MN)
42 Europe Electric Vehicle [EV] Insurance Market Outlook, By Other Coverage Types (2022-2030) ($MN)
43 Europe Electric Vehicle [EV] Insurance Market Outlook, By Vehicle Age (2022-2030) ($MN)
44 Europe Electric Vehicle [EV] Insurance Market Outlook, By Used Vehicle (2022-2030) ($MN)
45 Europe Electric Vehicle [EV] Insurance Market Outlook, By New Vehicle (2022-2030) ($MN)
46 Asia Pacific Electric Vehicle [EV] Insurance Market Outlook, By Country (2022-2030) ($MN)
47 Asia Pacific Electric Vehicle [EV] Insurance Market Outlook, By Propulsion Type (2022-2030) ($MN)
48 Asia Pacific Electric Vehicle [EV] Insurance Market Outlook, By Battery Electric Vehicles (2022-2030) ($MN)
49 Asia Pacific Electric Vehicle [EV] Insurance Market Outlook, By Hybrid Electric Vehicles (2022-2030) ($MN)
50 Asia Pacific Electric Vehicle [EV] Insurance Market Outlook, By Vehicle Type (2022-2030) ($MN)
51 Asia Pacific Electric Vehicle [EV] Insurance Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
52 Asia Pacific Electric Vehicle [EV] Insurance Market Outlook, By Passenger Cars (2022-2030) ($MN)
53 Asia Pacific Electric Vehicle [EV] Insurance Market Outlook, By Coverage Type (2022-2030) ($MN)
54 Asia Pacific Electric Vehicle [EV] Insurance Market Outlook, By Accidental Damage (2022-2030) ($MN)
55 Asia Pacific Electric Vehicle [EV] Insurance Market Outlook, By Car Battery & Auto Parts Replacement (2022-2030) ($MN)
56 Asia Pacific Electric Vehicle [EV] Insurance Market Outlook, By Theft or Malicious Damage (2022-2030) ($MN)
57 Asia Pacific Electric Vehicle [EV] Insurance Market Outlook, By Other Coverage Types (2022-2030) ($MN)
58 Asia Pacific Electric Vehicle [EV] Insurance Market Outlook, By Vehicle Age (2022-2030) ($MN)
59 Asia Pacific Electric Vehicle [EV] Insurance Market Outlook, By Used Vehicle (2022-2030) ($MN)
60 Asia Pacific Electric Vehicle [EV] Insurance Market Outlook, By New Vehicle (2022-2030) ($MN)
61 South America Electric Vehicle [EV] Insurance Market Outlook, By Country (2022-2030) ($MN)
62 South America Electric Vehicle [EV] Insurance Market Outlook, By Propulsion Type (2022-2030) ($MN)
63 South America Electric Vehicle [EV] Insurance Market Outlook, By Battery Electric Vehicles (2022-2030) ($MN)
64 South America Electric Vehicle [EV] Insurance Market Outlook, By Hybrid Electric Vehicles (2022-2030) ($MN)
65 South America Electric Vehicle [EV] Insurance Market Outlook, By Vehicle Type (2022-2030) ($MN)
66 South America Electric Vehicle [EV] Insurance Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
67 South America Electric Vehicle [EV] Insurance Market Outlook, By Passenger Cars (2022-2030) ($MN)
68 South America Electric Vehicle [EV] Insurance Market Outlook, By Coverage Type (2022-2030) ($MN)
69 South America Electric Vehicle [EV] Insurance Market Outlook, By Accidental Damage (2022-2030) ($MN)
70 South America Electric Vehicle [EV] Insurance Market Outlook, By Car Battery & Auto Parts Replacement (2022-2030) ($MN)
71 South America Electric Vehicle [EV] Insurance Market Outlook, By Theft or Malicious Damage (2022-2030) ($MN)
72 South America Electric Vehicle [EV] Insurance Market Outlook, By Other Coverage Types (2022-2030) ($MN)
73 South America Electric Vehicle [EV] Insurance Market Outlook, By Vehicle Age (2022-2030) ($MN)
74 South America Electric Vehicle [EV] Insurance Market Outlook, By Used Vehicle (2022-2030) ($MN)
75 South America Electric Vehicle [EV] Insurance Market Outlook, By New Vehicle (2022-2030) ($MN)
76 Middle East & Africa Electric Vehicle [EV] Insurance Market Outlook, By Country (2022-2030) ($MN)
77 Middle East & Africa Electric Vehicle [EV] Insurance Market Outlook, By Propulsion Type (2022-2030) ($MN)
78 Middle East & Africa Electric Vehicle [EV] Insurance Market Outlook, By Battery Electric Vehicles (2022-2030) ($MN)
79 Middle East & Africa Electric Vehicle [EV] Insurance Market Outlook, By Hybrid Electric Vehicles (2022-2030) ($MN)
80 Middle East & Africa Electric Vehicle [EV] Insurance Market Outlook, By Vehicle Type (2022-2030) ($MN)
81 Middle East & Africa Electric Vehicle [EV] Insurance Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
82 Middle East & Africa Electric Vehicle [EV] Insurance Market Outlook, By Passenger Cars (2022-2030) ($MN)
83 Middle East & Africa Electric Vehicle [EV] Insurance Market Outlook, By Coverage Type (2022-2030) ($MN)
84 Middle East & Africa Electric Vehicle [EV] Insurance Market Outlook, By Accidental Damage (2022-2030) ($MN)
85 Middle East & Africa Electric Vehicle [EV] Insurance Market Outlook, By Car Battery & Auto Parts Replacement (2022-2030) ($MN)
86 Middle East & Africa Electric Vehicle [EV] Insurance Market Outlook, By Theft or Malicious Damage (2022-2030) ($MN)
87 Middle East & Africa Electric Vehicle [EV] Insurance Market Outlook, By Other Coverage Types (2022-2030) ($MN)
88 Middle East & Africa Electric Vehicle [EV] Insurance Market Outlook, By Vehicle Age (2022-2030) ($MN)
89 Middle East & Africa Electric Vehicle [EV] Insurance Market Outlook, By Used Vehicle (2022-2030) ($MN)
90 Middle East & Africa Electric Vehicle [EV] Insurance Market Outlook, By New Vehicle (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
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
