Hollow Concrete Blocks Market
Hollow Concrete Blocks Market Forecasts to 2030 - Global Analysis By Product Type (Split-Faced and Smooth-Faced), Raw Material, Application, End User and By Geography
According to Stratistics MRC, the Global Hollow Concrete Blocks Market is accounted for $264.8 billion in 2023 and is expected to reach $430.9 billion by 2030 growing at a CAGR of 7.2% during the forecast period. Hollow concrete blocks, widely used in construction, offer a blend of durability and versatility. Composed of cement, sand, and aggregate, these blocks possess a cellular structure, minimizing weight while maintaining strength. Their hollow cores allow for efficient insulation and reduce material usage. Often utilized in load-bearing walls, they streamline construction processes, facilitating faster building times. These blocks can be customized to fit various architectural designs and are adept at withstanding environmental stresses, ensuring longevity. Their affordability and ease of handling make them a preferred choice for builders worldwide, contributing to sustainable and resilient infrastructure development.
According to US Census Bureau, the United States' construction industry has reached a value of USD 91.03 billion in 2021. In 2022, it is anticipated that the U.S. construction market would be worth roughly USD 135 billion.
Market Dynamics:
Driver:
Growing demand for lightweight and durable construction materials
As consumers increasingly prioritize efficiency, sustainability, and cost-effectiveness in construction projects, hollow concrete blocks have emerged as a preferred choice. Their lightweight properties reduce transportation costs and simplify handling on construction sites, enhancing overall efficiency. Additionally, their durability ensures long-term structural integrity, appealing to builders seeking sustainable and resilient solutions. This demand trend has driven innovation in hollow concrete block manufacturing, leading to the development of advanced formulations and production techniques to meet evolving market needs.
Restraint:
Competition from alternative building materials
Alternative materials such as wood, steel, and composites offer unique advantages such as faster construction times, lighter weight, and sometimes lower costs, which can lure customers away from concrete blocks. Moreover, the perception of concrete as being less environmentally friendly compared to some alternative materials poses a challenge. Concerns about carbon emissions from concrete production and its non-renewable nature may lead builders to explore greener alternatives, thus impacting the demand for hollow concrete blocks.
Opportunity:
Increasing focus on sustainable construction practices
With a growing awareness of environmental impact, builders and developers are prioritizing materials that offer eco-friendly solutions. Hollow concrete blocks, with their inherent sustainability features such as recyclability, thermal insulation properties, and energy efficiency, have become a cornerstone of green building initiatives. Additionally, the versatility of hollow concrete blocks aligns well with sustainable design principles, allowing for the creation of energy-efficient buildings with reduced environmental impact thus boosting the growth of the market.
Threat:
Fluctuating raw material costs
When raw material prices rise unpredictably, manufacturers face increased production costs, which may be difficult to pass on to customers in competitive markets. This can squeeze profit margins and hinder investment in innovation and expansion. Moreover, fluctuating raw material costs can lead to instability in pricing for hollow concrete blocks, making it harder for builders and developers to accurately budget for projects. This uncertainty may prompt them to explore alternative materials or delay construction projects, affecting demand for concrete blocks.
Covid-19 Impact
Initially, construction activities slowed due to lockdowns and supply chain disruptions, causing a temporary downturn in demand. However, as governments initiated infrastructure projects to stimulate economies, demand for construction materials rebounded. The emphasis on social distancing and hygiene also accelerated the adoption of precast and modular construction methods, where hollow concrete blocks play a significant role. Furthermore, the increased focus on sustainable building materials and energy efficiency has further boosted the market for hollow concrete blocks amidst the pandemic, shaping a resilient and evolving market landscape.
The split-faced segment is expected to be the largest during the forecast period
The split-faced segment is estimated to have a lucrative growth, as these are one of the most non-residentially used architectural concrete masonry unit (CMU) finishes. They offer an authentic textured face that can be manufactured as a paint-grade product. Moreover split-faced hollow concrete block are thermally efficient, fire-resistant, and sound-absorbing which makes them an ideal product in the construction of non-residential projects including municipal buildings, schools, and theatres. In addition, they are used as load-bearing walls or veneers that can blend well with other architectural block finishes, especially in non-residential or non-residential applications.
The concrete hollow blocks segment is expected to have the highest CAGR during the forecast period
The concrete hollow blocks segment is anticipated to witness the highest CAGR growth during the forecast period, owing to their lightweight nature, coupled with enhanced insulation properties, has fueled a surge in demand across construction sectors. Builders increasingly favor these blocks for their efficiency in reducing material usage and construction time. This has led to a notable shift in market preferences, with traditional solid blocks facing a decline in sales. Moreover, the versatility of hollow concrete blocks in accommodating diverse architectural designs has further solidified their position in the market.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the strong demand from applications such as residential and non-residential segments is likely to support the demand for different types of hollow concrete blocks, including split-faced and smooth-faced concrete blocks. Split-faced concrete blocks are particularly popular in non-residential applications such as municipal buildings, schools, & theaters. These blocks are also valued for their thermal efficiency, fire-resistance, and sound-absorbing properties which drives the growth of the market in this region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to increased number of construction and renovation projects in the region. In addition, rising demand for housing coupled with increased government aid for residential construction in countries including the U.S., and Canada is anticipated to further benefit the demand for hollow concrete blocks market.
Key players in the market
Some of the key players in the Hollow Concrete Blocks Market include CEMEX SAB de CV, Brampton Brick, Bharathi Cement Corporation Private Limited, ALWEHER CO. , Acme Brick Company, Magicrete Building Solutions Pvt. Ltd, CRH plc , Taylor Concrete Products Inc., Parker Block, MIDLAND BRICK, Xella Group, UltraTech Cement Ltd, Tristar Brick and Block Ltd, Ublock International Company Limited, Oldcastle APG and Beck Readymix Concrete
Key Developments:
In January 2024, Cemex and HSBC Mexico partner to support women entrepreneurs in the construction industry, this program is aligned with the United Nations Sustainable Development Goals (SDGs) and reflects the commitment of Cemex and HSBC Mexico to financial inclusion and corporate social responsibility.
In November 2023, Cemex Ventures invests in digital solution aiming to reduce construction’s CO₂ footprint. Different developers and architecture, engineering & construction (AEC) stakeholders to assess and work towards reducing CO2 emissions across the construction value chain
Product Types Covered:
• Split-Faced
• Smooth-Faced
Raw Materials Covered:
• Concrete Hollow Blocks
• Fly Ash Hollow Blocks
• Autoclaved Aerated Concrete (AAC) Blocks
Applications Covered:
• Walls
• Floors
• Foundations
• Other Applications
End Users Covered:
• Residential
• Commercial
• Infrastructure
• Industrial
• Government Agencies
• Other End Users
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
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 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 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 Hollow Concrete Blocks Market, By Product Type
5.1 Introduction
5.2 Split-Faced
5.3 Smooth-Faced
6 Global Hollow Concrete Blocks Market, By Raw Material
6.1 Introduction
6.2 Concrete Hollow Blocks
6.3 Fly Ash Hollow Blocks
6.4 Autoclaved Aerated Concrete (AAC) Blocks
7 Global Hollow Concrete Blocks Market, By Application
7.1 Introduction
7.2 Walls
7.3 Floors
7.4 Foundations
7.5 Other Applications
8 Global Hollow Concrete Blocks Market, By End User
8.1 Introduction
8.2 Residential
8.3 Commercial
8.4 Infrastructure
8.5 Industrial
8.6 Government Agencies
8.7 Other End Users
9 Global Hollow Concrete Blocks 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 CEMEX SAB de CV
11.2 Brampton Brick
11.3 Bharathi Cement Corporation Private Limited
11.4 ALWEHER CO.
11.5 Acme Brick Company
11.6 Magicrete Building Solutions Pvt. Ltd
11.7 CRH plc
11.8 Taylor Concrete Products Inc.
11.9 Parker Block
11.10 MIDLAND BRICK
11.11 Xella Group
11.12 UltraTech Cement Ltd
11.13 Tristar Brick and Block Ltd
11.14 Ublock International Company Limited
11.15 Oldcastle APG
11.16 Beck Readymix Concrete
List of Tables
1 Global Hollow Concrete Blocks Market Outlook, By Region (2021-2030) ($MN)
2 Global Hollow Concrete Blocks Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Hollow Concrete Blocks Market Outlook, By Split-Faced (2021-2030) ($MN)
4 Global Hollow Concrete Blocks Market Outlook, By Smooth-Faced (2021-2030) ($MN)
5 Global Hollow Concrete Blocks Market Outlook, By Raw Material (2021-2030) ($MN)
6 Global Hollow Concrete Blocks Market Outlook, By Concrete Hollow Blocks (2021-2030) ($MN)
7 Global Hollow Concrete Blocks Market Outlook, By Fly Ash Hollow Blocks (2021-2030) ($MN)
8 Global Hollow Concrete Blocks Market Outlook, By Autoclaved Aerated Concrete (AAC) Blocks (2021-2030) ($MN)
9 Global Hollow Concrete Blocks Market Outlook, By Application (2021-2030) ($MN)
10 Global Hollow Concrete Blocks Market Outlook, By Walls (2021-2030) ($MN)
11 Global Hollow Concrete Blocks Market Outlook, By Floors (2021-2030) ($MN)
12 Global Hollow Concrete Blocks Market Outlook, By Foundations (2021-2030) ($MN)
13 Global Hollow Concrete Blocks Market Outlook, By Other Applications (2021-2030) ($MN)
14 Global Hollow Concrete Blocks Market Outlook, By End User (2021-2030) ($MN)
15 Global Hollow Concrete Blocks Market Outlook, By Residential (2021-2030) ($MN)
16 Global Hollow Concrete Blocks Market Outlook, By Commercial (2021-2030) ($MN)
17 Global Hollow Concrete Blocks Market Outlook, By Infrastructure (2021-2030) ($MN)
18 Global Hollow Concrete Blocks Market Outlook, By Industrial (2021-2030) ($MN)
19 Global Hollow Concrete Blocks Market Outlook, By Government Agencies (2021-2030) ($MN)
20 Global Hollow Concrete Blocks Market Outlook, By Other End Users (2021-2030) ($MN)
21 North America Hollow Concrete Blocks Market Outlook, By Country (2021-2030) ($MN)
22 North America Hollow Concrete Blocks Market Outlook, By Product Type (2021-2030) ($MN)
23 North America Hollow Concrete Blocks Market Outlook, By Split-Faced (2021-2030) ($MN)
24 North America Hollow Concrete Blocks Market Outlook, By Smooth-Faced (2021-2030) ($MN)
25 North America Hollow Concrete Blocks Market Outlook, By Raw Material (2021-2030) ($MN)
26 North America Hollow Concrete Blocks Market Outlook, By Concrete Hollow Blocks (2021-2030) ($MN)
27 North America Hollow Concrete Blocks Market Outlook, By Fly Ash Hollow Blocks (2021-2030) ($MN)
28 North America Hollow Concrete Blocks Market Outlook, By Autoclaved Aerated Concrete (AAC) Blocks (2021-2030) ($MN)
29 North America Hollow Concrete Blocks Market Outlook, By Application (2021-2030) ($MN)
30 North America Hollow Concrete Blocks Market Outlook, By Walls (2021-2030) ($MN)
31 North America Hollow Concrete Blocks Market Outlook, By Floors (2021-2030) ($MN)
32 North America Hollow Concrete Blocks Market Outlook, By Foundations (2021-2030) ($MN)
33 North America Hollow Concrete Blocks Market Outlook, By Other Applications (2021-2030) ($MN)
34 North America Hollow Concrete Blocks Market Outlook, By End User (2021-2030) ($MN)
35 North America Hollow Concrete Blocks Market Outlook, By Residential (2021-2030) ($MN)
36 North America Hollow Concrete Blocks Market Outlook, By Commercial (2021-2030) ($MN)
37 North America Hollow Concrete Blocks Market Outlook, By Infrastructure (2021-2030) ($MN)
38 North America Hollow Concrete Blocks Market Outlook, By Industrial (2021-2030) ($MN)
39 North America Hollow Concrete Blocks Market Outlook, By Government Agencies (2021-2030) ($MN)
40 North America Hollow Concrete Blocks Market Outlook, By Other End Users (2021-2030) ($MN)
41 Europe Hollow Concrete Blocks Market Outlook, By Country (2021-2030) ($MN)
42 Europe Hollow Concrete Blocks Market Outlook, By Product Type (2021-2030) ($MN)
43 Europe Hollow Concrete Blocks Market Outlook, By Split-Faced (2021-2030) ($MN)
44 Europe Hollow Concrete Blocks Market Outlook, By Smooth-Faced (2021-2030) ($MN)
45 Europe Hollow Concrete Blocks Market Outlook, By Raw Material (2021-2030) ($MN)
46 Europe Hollow Concrete Blocks Market Outlook, By Concrete Hollow Blocks (2021-2030) ($MN)
47 Europe Hollow Concrete Blocks Market Outlook, By Fly Ash Hollow Blocks (2021-2030) ($MN)
48 Europe Hollow Concrete Blocks Market Outlook, By Autoclaved Aerated Concrete (AAC) Blocks (2021-2030) ($MN)
49 Europe Hollow Concrete Blocks Market Outlook, By Application (2021-2030) ($MN)
50 Europe Hollow Concrete Blocks Market Outlook, By Walls (2021-2030) ($MN)
51 Europe Hollow Concrete Blocks Market Outlook, By Floors (2021-2030) ($MN)
52 Europe Hollow Concrete Blocks Market Outlook, By Foundations (2021-2030) ($MN)
53 Europe Hollow Concrete Blocks Market Outlook, By Other Applications (2021-2030) ($MN)
54 Europe Hollow Concrete Blocks Market Outlook, By End User (2021-2030) ($MN)
55 Europe Hollow Concrete Blocks Market Outlook, By Residential (2021-2030) ($MN)
56 Europe Hollow Concrete Blocks Market Outlook, By Commercial (2021-2030) ($MN)
57 Europe Hollow Concrete Blocks Market Outlook, By Infrastructure (2021-2030) ($MN)
58 Europe Hollow Concrete Blocks Market Outlook, By Industrial (2021-2030) ($MN)
59 Europe Hollow Concrete Blocks Market Outlook, By Government Agencies (2021-2030) ($MN)
60 Europe Hollow Concrete Blocks Market Outlook, By Other End Users (2021-2030) ($MN)
61 Asia Pacific Hollow Concrete Blocks Market Outlook, By Country (2021-2030) ($MN)
62 Asia Pacific Hollow Concrete Blocks Market Outlook, By Product Type (2021-2030) ($MN)
63 Asia Pacific Hollow Concrete Blocks Market Outlook, By Split-Faced (2021-2030) ($MN)
64 Asia Pacific Hollow Concrete Blocks Market Outlook, By Smooth-Faced (2021-2030) ($MN)
65 Asia Pacific Hollow Concrete Blocks Market Outlook, By Raw Material (2021-2030) ($MN)
66 Asia Pacific Hollow Concrete Blocks Market Outlook, By Concrete Hollow Blocks (2021-2030) ($MN)
67 Asia Pacific Hollow Concrete Blocks Market Outlook, By Fly Ash Hollow Blocks (2021-2030) ($MN)
68 Asia Pacific Hollow Concrete Blocks Market Outlook, By Autoclaved Aerated Concrete (AAC) Blocks (2021-2030) ($MN)
69 Asia Pacific Hollow Concrete Blocks Market Outlook, By Application (2021-2030) ($MN)
70 Asia Pacific Hollow Concrete Blocks Market Outlook, By Walls (2021-2030) ($MN)
71 Asia Pacific Hollow Concrete Blocks Market Outlook, By Floors (2021-2030) ($MN)
72 Asia Pacific Hollow Concrete Blocks Market Outlook, By Foundations (2021-2030) ($MN)
73 Asia Pacific Hollow Concrete Blocks Market Outlook, By Other Applications (2021-2030) ($MN)
74 Asia Pacific Hollow Concrete Blocks Market Outlook, By End User (2021-2030) ($MN)
75 Asia Pacific Hollow Concrete Blocks Market Outlook, By Residential (2021-2030) ($MN)
76 Asia Pacific Hollow Concrete Blocks Market Outlook, By Commercial (2021-2030) ($MN)
77 Asia Pacific Hollow Concrete Blocks Market Outlook, By Infrastructure (2021-2030) ($MN)
78 Asia Pacific Hollow Concrete Blocks Market Outlook, By Industrial (2021-2030) ($MN)
79 Asia Pacific Hollow Concrete Blocks Market Outlook, By Government Agencies (2021-2030) ($MN)
80 Asia Pacific Hollow Concrete Blocks Market Outlook, By Other End Users (2021-2030) ($MN)
81 South America Hollow Concrete Blocks Market Outlook, By Country (2021-2030) ($MN)
82 South America Hollow Concrete Blocks Market Outlook, By Product Type (2021-2030) ($MN)
83 South America Hollow Concrete Blocks Market Outlook, By Split-Faced (2021-2030) ($MN)
84 South America Hollow Concrete Blocks Market Outlook, By Smooth-Faced (2021-2030) ($MN)
85 South America Hollow Concrete Blocks Market Outlook, By Raw Material (2021-2030) ($MN)
86 South America Hollow Concrete Blocks Market Outlook, By Concrete Hollow Blocks (2021-2030) ($MN)
87 South America Hollow Concrete Blocks Market Outlook, By Fly Ash Hollow Blocks (2021-2030) ($MN)
88 South America Hollow Concrete Blocks Market Outlook, By Autoclaved Aerated Concrete (AAC) Blocks (2021-2030) ($MN)
89 South America Hollow Concrete Blocks Market Outlook, By Application (2021-2030) ($MN)
90 South America Hollow Concrete Blocks Market Outlook, By Walls (2021-2030) ($MN)
91 South America Hollow Concrete Blocks Market Outlook, By Floors (2021-2030) ($MN)
92 South America Hollow Concrete Blocks Market Outlook, By Foundations (2021-2030) ($MN)
93 South America Hollow Concrete Blocks Market Outlook, By Other Applications (2021-2030) ($MN)
94 South America Hollow Concrete Blocks Market Outlook, By End User (2021-2030) ($MN)
95 South America Hollow Concrete Blocks Market Outlook, By Residential (2021-2030) ($MN)
96 South America Hollow Concrete Blocks Market Outlook, By Commercial (2021-2030) ($MN)
97 South America Hollow Concrete Blocks Market Outlook, By Infrastructure (2021-2030) ($MN)
98 South America Hollow Concrete Blocks Market Outlook, By Industrial (2021-2030) ($MN)
99 South America Hollow Concrete Blocks Market Outlook, By Government Agencies (2021-2030) ($MN)
100 South America Hollow Concrete Blocks Market Outlook, By Other End Users (2021-2030) ($MN)
101 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Country (2021-2030) ($MN)
102 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Product Type (2021-2030) ($MN)
103 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Split-Faced (2021-2030) ($MN)
104 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Smooth-Faced (2021-2030) ($MN)
105 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Raw Material (2021-2030) ($MN)
106 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Concrete Hollow Blocks (2021-2030) ($MN)
107 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Fly Ash Hollow Blocks (2021-2030) ($MN)
108 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Autoclaved Aerated Concrete (AAC) Blocks (2021-2030) ($MN)
109 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Application (2021-2030) ($MN)
110 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Walls (2021-2030) ($MN)
111 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Floors (2021-2030) ($MN)
112 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Foundations (2021-2030) ($MN)
113 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Other Applications (2021-2030) ($MN)
114 Middle East & Africa Hollow Concrete Blocks Market Outlook, By End User (2021-2030) ($MN)
115 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Residential (2021-2030) ($MN)
116 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Commercial (2021-2030) ($MN)
117 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Infrastructure (2021-2030) ($MN)
118 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Industrial (2021-2030) ($MN)
119 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Government Agencies (2021-2030) ($MN)
120 Middle East & Africa Hollow Concrete Blocks Market Outlook, By Other End Users (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.
For more details about research methodology, kindly write to us at info@strategymrc.com
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