Solar Carport Market
Solar Carport Market Forecasts to 2030 - Global Analysis By Type (One-Row Vehicle Arrangement Carport, Two-Row Vehicle Arrangement Carport and Two-Row Dual Slope Vehicle Arrangement Carport), Design (V-Frame Structures, T-Frame Structures, Cantilever design and W-Framed Design), Capacity, Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $467.1 MN |
|
Projected Year Value (2030) |
US $1,058.8 MN |
|
CAGR (2023 - 2030) |
12.4% |
|
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 |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Solar Carport Market is accounted for $467.1 million in 2023 and is expected to reach $1,058.8 million by 2030 growing at a CAGR of 12.4% during the forecast period. Solar carports function by capturing solar energy and converting it into electricity for home. Solar power is produced by the solar panels that cover the carport's roof. Depending on how many solar panels use to create home, they can provide all or some of the energy it requires to operate. There are several advantages to constructing a solar carport. Solar carports are a fantastic way to lower or perhaps get rid of your energy cost. Solar carports solve the problems of roof angle, shade, orientation, and size by using solar panels as the roof. Most roofs are unable to give optimum sunlight exposure; however, solar carport support systems are designed expressly to do so.
According to SolarPower Europe, over the past decade, between 2011 and 2020, solar power increased rapidly from 30.13 GW in 2011 to 138.2 GW in 2020, primarily aided by utility-scale projects and the fluoropolymer solar backsheet market.
Market Dynamics:
Driver:
Increasing understanding of the importance of solar energy
The main factor driving this industry is people's increasing understanding of the value of solar energy. Because it is a renewable energy source with several applications, solar energy is free and comes from a natural source. Solar carports are suitable in a range of climates, which is one of the other elements driving the industry. In icy places, they shield automobiles from ice and snow, lessening the need for plowing. In warm climates, a carport offers shade, keeping automobiles far cooler than if they were exposed to direct sunlight. Solar carports transform unused, ineffective space into a successful, long-term investment. These elements are fuelling the market for solar-powered carports.
Restraint:
Resistance to a variety of weather variables
It can be necessary to remodel existing parking lots or buildings in order to incorporate solar panels, which might raise the overall cost and complexity. These carports must thus be built to resist a variety of weather variables, including wind, snow loads, and seismic activity. It needs careful engineering and design to incorporate solar panels while maintaining the carport's structural integrity. It might be technically difficult to retrofit old carports to accommodate the added weight of solar panels.
Opportunity:
Integration of energy storage systems with solar carports
The scalability and modularity of solar carport systems were increasing, enabling simple extension and modification in response to particular energy requirements. They were ideal for a variety of applications and site requirements because of their versatility. These days, battery storage devices may be included in PV carports to store extra energy produced throughout the day. When there is a surge in demand or a power outage, this stored energy may be utilized to provide backup power and improve system resilience creating wide range of opportunities through the forecast period.
Threat:
Space constraint
As a viable option for producing renewable energy, solar carports which shade automobiles while combining solar panels to produce electricity have grown in popularity. However, market expansion is probably hampered by site and space limitations as well as structural issues. For instance, PV carports need a lot of room to fit the vehicles and solar panels within. Finding appropriate sites with enough room for installation can be difficult, particularly in metropolitan areas with limited land availability thus hamper the growth of the market.
Covid-19 Impact
The COVID-19 epidemic has had a significant negative influence on the global market for solar carports. Nearly all of the main nations had slower economic development as a result of the COVID-19 epidemic, which had an impact on consumer purchasing habits. The supply-demand imbalance has widened as a result of the lockdown that has been enacted in a number of nations' transportation systems, which has adversely affected both domestic and international supply chains. Thus, inadequate raw material supply is anticipated to hinder solar carport manufacturing, which would have a negative effect on the market's expansion. However, given that governments have begun easing global standards for restarting economic activity, the situation is anticipated to get better.
The two-row dual slope vehicle arrangement carport segment is expected to be the largest during the forecast period
The two-row dual slope vehicle arrangement carport segment is estimated to have a lucrative growth, as a carport with two tracks has two rows of cars in it. One of the most popular styles of carport, it is best suited for commercial usage due to its compact design and ability to hold many automobiles. Based on this, the two-row vehicle class will rule the solar carport industry over the predicted period.
The commercial segment is expected to have the highest CAGR during the forecast period
The commercial segment is anticipated to witness the highest CAGR growth during the forecast period, due to the increase in demand for PV carports from different commercial areas, including institutions, such as hotels and restaurants, educational institutions, healthcare facilities, and sports complexes, the commercial segment now commands the market. In addition the rising use of renewable energy and the wonderful alternative that solar-powered carports offer to households and businesses are driving the growth of the market.
Region with largest share:
North America is projected to hold the largest market share during the forecast period due to the average system price of solar carports continuing to decline, commercial solar developers may provide additional value to consumers in the form of larger project sizes and better power savings, which will cause North America to be the largest market over the next years. Trends like developers abandoning vertical integration to access less expensive structural suppliers and vendors striving to broaden their service offerings to counteract dropping prices are also anticipated to support the development of this region.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the vast number of projects that are available from commercial solar developers, together with considerable power savings. Additionally, the industry is expanding as more people become aware of solar energy's benefits. One significant element propelling the market expansion in Europe is the increase in manufacturing of electronic cars.
Key players in the market
Some of the key players profiled in the Solar Carport Market include Antai Technology Co. Ltd, CHIKOUSA, SunPower Corporation, Flexisolar, Schletter, KDC Solar LLC, Enova, Kokko Shisetsu Kogyo Co., Ltd, Tata Power, RenEnergy Ltd., Xiamen Mibet New Energy Co., Ltd, Quest Renewables, Inc., EvoEnergy, GE Industry, Solarcentury, Upsolar global, AG Japan and Nichiei Intec
Key Developments:
In April 2023, the port authority of New York and New Jersey (PANYNJ) announces a deal with TotalEnergies to begin constructing New York’s largest solar carport project at John F Kennedy International Airport in 2023.
In June 2022, Maruti Suzuki installs Asia’s largest 20 MWp solar carport in their plant at Manesar. The initiative will contribute 28,000 MWH2 annually to the company’s energy requirements.
Types Covered:
• One-Row Vehicle Arrangement Carport
• Two-Row Vehicle Arrangement Carport
• Two-Row Dual Slope Vehicle Arrangement Carport
Designs Covered:
• V-Frame Structures
• T-Frame Structures
• Cantilever design
• W-Framed Design
Capacities Covered:
• Less than 500 kW
• 500 kW to 1 MW
• Above 1 MW
Applications Covered:
• Commercial
• Residential
• Non-Profit
• Regional
• 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
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 Application 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 Solar Carport Market, By Type
5.1 Introduction
5.2 One-Row Vehicle Arrangement Carport
5.3 Two-Row Vehicle Arrangement Carport
5.4 Two-Row Dual Slope Vehicle Arrangement Carport
6 Global Solar Carport Market, By Design
6.1 Introduction
6.2 V-Frame Structures
6.3 T-Frame Structures
6.4 Cantilever design
6.5 W-Framed Design
7 Global Solar Carport Market, By Capacity
7.1 Introduction
7.2 Less than 500 kW
7.3 500 kW to 1 MW
7.4 Above 1 MW
8 Global Solar Carport Market, By Application
8.1 Introduction
8.2 Commercial
8.3 Residential
8.4 Non-Profit
8.5 Regional
8.6 Other Applications
9 Global Solar Carport 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 Antai Technology Co. Ltd
11.2 CHIKOUSA
11.3 SunPower Corporation
11.4 Flexisolar
11.5 Schletter
11.6 KDC Solar LLC
11.7 Enova
11.8 Kokko Shisetsu Kogyo Co., Ltd
11.9 Tata Power
11.10 RenEnergy Ltd.
11.11 Xiamen Mibet New Energy Co., Ltd
11.12 Quest Renewables, Inc.
11.13 EvoEnergy
11.14 GE Industry
11.15 Solarcentury
11.16 Upsolar global
11.17 AG Japan
11.18 Nichiei Intec
List of Tables
1 Global Solar Carport Market Outlook, By Region (2021-2030) ($MN)
2 Global Solar Carport Market Outlook, By Type (2021-2030) ($MN)
3 Global Solar Carport Market Outlook, By One-Row Vehicle Arrangement Carport (2021-2030) ($MN)
4 Global Solar Carport Market Outlook, By Two-Row Vehicle Arrangement Carport (2021-2030) ($MN)
5 Global Solar Carport Market Outlook, By Two-Row Dual Slope Vehicle Arrangement Carport (2021-2030) ($MN)
6 Global Solar Carport Market Outlook, By Design (2021-2030) ($MN)
7 Global Solar Carport Market Outlook, By V-Frame Structures (2021-2030) ($MN)
8 Global Solar Carport Market Outlook, By T-Frame Structures (2021-2030) ($MN)
9 Global Solar Carport Market Outlook, By Cantilever design (2021-2030) ($MN)
10 Global Solar Carport Market Outlook, By W-Framed Design (2021-2030) ($MN)
11 Global Solar Carport Market Outlook, By Capacity (2021-2030) ($MN)
12 Global Solar Carport Market Outlook, By Less than 500 kW (2021-2030) ($MN)
13 Global Solar Carport Market Outlook, By 500 kW to 1 MW (2021-2030) ($MN)
14 Global Solar Carport Market Outlook, By Above 1 MW (2021-2030) ($MN)
15 Global Solar Carport Market Outlook, By Application (2021-2030) ($MN)
16 Global Solar Carport Market Outlook, By Commercial (2021-2030) ($MN)
17 Global Solar Carport Market Outlook, By Residential (2021-2030) ($MN)
18 Global Solar Carport Market Outlook, By Non-Profit (2021-2030) ($MN)
19 Global Solar Carport Market Outlook, By Regional (2021-2030) ($MN)
20 Global Solar Carport Market Outlook, By Other Applications (2021-2030) ($MN)
21 North America Solar Carport Market Outlook, By Country (2021-2030) ($MN)
22 North America Solar Carport Market Outlook, By Type (2021-2030) ($MN)
23 North America Solar Carport Market Outlook, By One-Row Vehicle Arrangement Carport (2021-2030) ($MN)
24 North America Solar Carport Market Outlook, By Two-Row Vehicle Arrangement Carport (2021-2030) ($MN)
25 North America Solar Carport Market Outlook, By Two-Row Dual Slope Vehicle Arrangement Carport (2021-2030) ($MN)
26 North America Solar Carport Market Outlook, By Design (2021-2030) ($MN)
27 North America Solar Carport Market Outlook, By V-Frame Structures (2021-2030) ($MN)
28 North America Solar Carport Market Outlook, By T-Frame Structures (2021-2030) ($MN)
29 North America Solar Carport Market Outlook, By Cantilever design (2021-2030) ($MN)
30 North America Solar Carport Market Outlook, By W-Framed Design (2021-2030) ($MN)
31 North America Solar Carport Market Outlook, By Capacity (2021-2030) ($MN)
32 North America Solar Carport Market Outlook, By Less than 500 kW (2021-2030) ($MN)
33 North America Solar Carport Market Outlook, By 500 kW to 1 MW (2021-2030) ($MN)
34 North America Solar Carport Market Outlook, By Above 1 MW (2021-2030) ($MN)
35 North America Solar Carport Market Outlook, By Application (2021-2030) ($MN)
36 North America Solar Carport Market Outlook, By Commercial (2021-2030) ($MN)
37 North America Solar Carport Market Outlook, By Residential (2021-2030) ($MN)
38 North America Solar Carport Market Outlook, By Non-Profit (2021-2030) ($MN)
39 North America Solar Carport Market Outlook, By Regional (2021-2030) ($MN)
40 North America Solar Carport Market Outlook, By Other Applications (2021-2030) ($MN)
41 Europe Solar Carport Market Outlook, By Country (2021-2030) ($MN)
42 Europe Solar Carport Market Outlook, By Type (2021-2030) ($MN)
43 Europe Solar Carport Market Outlook, By One-Row Vehicle Arrangement Carport (2021-2030) ($MN)
44 Europe Solar Carport Market Outlook, By Two-Row Vehicle Arrangement Carport (2021-2030) ($MN)
45 Europe Solar Carport Market Outlook, By Two-Row Dual Slope Vehicle Arrangement Carport (2021-2030) ($MN)
46 Europe Solar Carport Market Outlook, By Design (2021-2030) ($MN)
47 Europe Solar Carport Market Outlook, By V-Frame Structures (2021-2030) ($MN)
48 Europe Solar Carport Market Outlook, By T-Frame Structures (2021-2030) ($MN)
49 Europe Solar Carport Market Outlook, By Cantilever design (2021-2030) ($MN)
50 Europe Solar Carport Market Outlook, By W-Framed Design (2021-2030) ($MN)
51 Europe Solar Carport Market Outlook, By Capacity (2021-2030) ($MN)
52 Europe Solar Carport Market Outlook, By Less than 500 kW (2021-2030) ($MN)
53 Europe Solar Carport Market Outlook, By 500 kW to 1 MW (2021-2030) ($MN)
54 Europe Solar Carport Market Outlook, By Above 1 MW (2021-2030) ($MN)
55 Europe Solar Carport Market Outlook, By Application (2021-2030) ($MN)
56 Europe Solar Carport Market Outlook, By Commercial (2021-2030) ($MN)
57 Europe Solar Carport Market Outlook, By Residential (2021-2030) ($MN)
58 Europe Solar Carport Market Outlook, By Non-Profit (2021-2030) ($MN)
59 Europe Solar Carport Market Outlook, By Regional (2021-2030) ($MN)
60 Europe Solar Carport Market Outlook, By Other Applications (2021-2030) ($MN)
61 Asia Pacific Solar Carport Market Outlook, By Country (2021-2030) ($MN)
62 Asia Pacific Solar Carport Market Outlook, By Type (2021-2030) ($MN)
63 Asia Pacific Solar Carport Market Outlook, By One-Row Vehicle Arrangement Carport (2021-2030) ($MN)
64 Asia Pacific Solar Carport Market Outlook, By Two-Row Vehicle Arrangement Carport (2021-2030) ($MN)
65 Asia Pacific Solar Carport Market Outlook, By Two-Row Dual Slope Vehicle Arrangement Carport (2021-2030) ($MN)
66 Asia Pacific Solar Carport Market Outlook, By Design (2021-2030) ($MN)
67 Asia Pacific Solar Carport Market Outlook, By V-Frame Structures (2021-2030) ($MN)
68 Asia Pacific Solar Carport Market Outlook, By T-Frame Structures (2021-2030) ($MN)
69 Asia Pacific Solar Carport Market Outlook, By Cantilever design (2021-2030) ($MN)
70 Asia Pacific Solar Carport Market Outlook, By W-Framed Design (2021-2030) ($MN)
71 Asia Pacific Solar Carport Market Outlook, By Capacity (2021-2030) ($MN)
72 Asia Pacific Solar Carport Market Outlook, By Less than 500 kW (2021-2030) ($MN)
73 Asia Pacific Solar Carport Market Outlook, By 500 kW to 1 MW (2021-2030) ($MN)
74 Asia Pacific Solar Carport Market Outlook, By Above 1 MW (2021-2030) ($MN)
75 Asia Pacific Solar Carport Market Outlook, By Application (2021-2030) ($MN)
76 Asia Pacific Solar Carport Market Outlook, By Commercial (2021-2030) ($MN)
77 Asia Pacific Solar Carport Market Outlook, By Residential (2021-2030) ($MN)
78 Asia Pacific Solar Carport Market Outlook, By Non-Profit (2021-2030) ($MN)
79 Asia Pacific Solar Carport Market Outlook, By Regional (2021-2030) ($MN)
80 Asia Pacific Solar Carport Market Outlook, By Other Applications (2021-2030) ($MN)
81 South America Solar Carport Market Outlook, By Country (2021-2030) ($MN)
82 South America Solar Carport Market Outlook, By Type (2021-2030) ($MN)
83 South America Solar Carport Market Outlook, By One-Row Vehicle Arrangement Carport (2021-2030) ($MN)
84 South America Solar Carport Market Outlook, By Two-Row Vehicle Arrangement Carport (2021-2030) ($MN)
85 South America Solar Carport Market Outlook, By Two-Row Dual Slope Vehicle Arrangement Carport (2021-2030) ($MN)
86 South America Solar Carport Market Outlook, By Design (2021-2030) ($MN)
87 South America Solar Carport Market Outlook, By V-Frame Structures (2021-2030) ($MN)
88 South America Solar Carport Market Outlook, By T-Frame Structures (2021-2030) ($MN)
89 South America Solar Carport Market Outlook, By Cantilever design (2021-2030) ($MN)
90 South America Solar Carport Market Outlook, By W-Framed Design (2021-2030) ($MN)
91 South America Solar Carport Market Outlook, By Capacity (2021-2030) ($MN)
92 South America Solar Carport Market Outlook, By Less than 500 kW (2021-2030) ($MN)
93 South America Solar Carport Market Outlook, By 500 kW to 1 MW (2021-2030) ($MN)
94 South America Solar Carport Market Outlook, By Above 1 MW (2021-2030) ($MN)
95 South America Solar Carport Market Outlook, By Application (2021-2030) ($MN)
96 South America Solar Carport Market Outlook, By Commercial (2021-2030) ($MN)
97 South America Solar Carport Market Outlook, By Residential (2021-2030) ($MN)
98 South America Solar Carport Market Outlook, By Non-Profit (2021-2030) ($MN)
99 South America Solar Carport Market Outlook, By Regional (2021-2030) ($MN)
100 South America Solar Carport Market Outlook, By Other Applications (2021-2030) ($MN)
101 Middle East & Africa Solar Carport Market Outlook, By Country (2021-2030) ($MN)
102 Middle East & Africa Solar Carport Market Outlook, By Type (2021-2030) ($MN)
103 Middle East & Africa Solar Carport Market Outlook, By One-Row Vehicle Arrangement Carport (2021-2030) ($MN)
104 Middle East & Africa Solar Carport Market Outlook, By Two-Row Vehicle Arrangement Carport (2021-2030) ($MN)
105 Middle East & Africa Solar Carport Market Outlook, By Two-Row Dual Slope Vehicle Arrangement Carport (2021-2030) ($MN)
106 Middle East & Africa Solar Carport Market Outlook, By Design (2021-2030) ($MN)
107 Middle East & Africa Solar Carport Market Outlook, By V-Frame Structures (2021-2030) ($MN)
108 Middle East & Africa Solar Carport Market Outlook, By T-Frame Structures (2021-2030) ($MN)
109 Middle East & Africa Solar Carport Market Outlook, By Cantilever design (2021-2030) ($MN)
110 Middle East & Africa Solar Carport Market Outlook, By W-Framed Design (2021-2030) ($MN)
111 Middle East & Africa Solar Carport Market Outlook, By Capacity (2021-2030) ($MN)
112 Middle East & Africa Solar Carport Market Outlook, By Less than 500 kW (2021-2030) ($MN)
113 Middle East & Africa Solar Carport Market Outlook, By 500 kW to 1 MW (2021-2030) ($MN)
114 Middle East & Africa Solar Carport Market Outlook, By Above 1 MW (2021-2030) ($MN)
115 Middle East & Africa Solar Carport Market Outlook, By Application (2021-2030) ($MN)
116 Middle East & Africa Solar Carport Market Outlook, By Commercial (2021-2030) ($MN)
117 Middle East & Africa Solar Carport Market Outlook, By Residential (2021-2030) ($MN)
118 Middle East & Africa Solar Carport Market Outlook, By Non-Profit (2021-2030) ($MN)
119 Middle East & Africa Solar Carport Market Outlook, By Regional (2021-2030) ($MN)
120 Middle East & Africa Solar Carport 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.
For more details about research methodology, kindly write to us at info@strategymrc.com
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