Solder Materials Market
Solder Materials Market Forecasts to 2028 - Global Analysis By Product (Bar, Wire, Paste, Flux and Other Products), Type (With Lead and Lead-Free), Process (Wave/Reflow, Screen Printing, Robotic and Laser), End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $1759.36 MN |
|
Projected Year Value (2028) |
US $2495.69 MN |
|
CAGR (2022 - 2028) |
6.0% |
|
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 |
Asia-Pacific |
According to Stratistics MRC, the Global Solder Materials Market is accounted for $1759.36 million in 2022 and is expected to reach $2495.69 million by 2028 growing at a CAGR of 6.0% during the forecast period. Soldering is known as a process in which two or more metals are joined together by melting, followed by placing a filler metal, called solder, into the joint. When compared to the adjacent metal, the filler metal employed in the process has a lower melting point. Nearly all solders contained lead in previous decades, but lead-free alloys are now more frequently used in electronics and plumbing due to customer worries about the environment and their health. In electronics, plumbing, building, and metalworking for jewellery, medical devices, and musical instruments, solder is employed. Between copper pipes in plumbing systems as well as joints in sheet metal objects like food cans, gutters, roof flashing, and automotive radiators, solder primarily offers somewhat permanent yet reversible connections. Electrical cable is connected to devices with electronic solder, and electronic components are attached to printed circuit boards.
According to the International Tin Association (ITA), tin prices have risen to USD 42,000 per ton in 2022. In recent years, the price of tin was between USD 15,000 and USD 20,000 per ton, but it roughly doubled in 2021.
Market Dynamics:
Driver:
Increasing demand from electronics industry
Electrical lines are joined to devices with electronic solder, and electronic components are attached to printed circuit boards. Flux, a substance found inside the solder core, aids in strengthening the mechanical and electrical connections. Lead-free rosin-core solder is the most popular form of solder for electronics. Tin and copper alloys make up the majority of this type of solder. Computers and servers, communications, and consumer items are all part of the electronics market. Different types and forms of electronic solder are required for various electrical products. PCB and surface-mount devices are driven by the rising need for the miniaturization and automation of mobile devices, touch screens and displays, and medical electronic systems. The use of solder materials has increased as a result of the rising demand for these items. As the need for smart devices rises and more energy-efficient electronics are developed, the market for solder materials is also anticipated to grow.
Restraint:
High cost of lead-free solders
Lead-free solders require the use of more expensive materials compared to traditional lead-based solders. Metals such as silver, copper, and tin are commonly used in lead-free solder alloys, and their higher costs increase the overall price of lead-free solder materials. Furthermore, the manufacturing process for lead-free solders is often more complex and energy-intensive, leading to increased production costs. Manufacturers need to invest in research and development to formulate new solder compositions and ensure compliance with industry regulations. These additional expenses further contribute to the higher cost of lead-free solder materials, which are projected to impede the fog computing market's growth.
Opportunity:
Emergence of nanoparticle- based solder materials
The addition of nanoparticles to conventional solder pastes can improve the properties of the solder alloys and joints. With the characteristics of minor size and high surface activity, nanoparticles are added to the solder matrix to prepare nano-composite solder. It has been noted that adding nanoparticles to solder can greatly improve the solder's matrix, increase its wetting capacity, and improve the mechanical performance of the solder junctions. Metal particles, intermetallic compound particles, metal oxide particles, carbon-based nanoparticles, and others are the most common types of nanoparticles. Electronic components must be able to resist high temperatures for lengthy periods of time in the automobile, aircraft, and oil and gas drilling industries. In these extreme settings, solder joint fatigue failure is a significant issue. The dependability of the junction is increased by adding nanoparticles to the solder to harden it and stabilize the grain structure. Thus, the market has a lot to gain from nanoparticle-based solder materials are driving the growth of the Solder Materials market over the forecast period.
Threat:
Health risks associated with soldering
When rosin-based flux chemicals, which are frequently used to make electrical connections, are burned, solder vapors typically result, posing health risks to workers. When solder wire is heated, numerous chemical-containing vapours are released. These gases can either trigger asthma attacks or exacerbate pre-existing respiratory disorders. The upper respiratory system, the eyes, and the skin can all become irritated by the fumes. Because the worker's head is more likely to come into contact with the fume source when hand soldering, the risk is increased. Additionally, when lead is not handled appropriately during the manufacture of electronic products using lead soldering, employees may be exposed to serious health impacts. Memory and attention issues, digestion issues, reproductive issues, and muscle pain are a few of the health consequences. The soldering process releases fumes and dust, which are hazardous to human health, which will impede the market growth over the forecast period.
Covid-19 Impact:
The COVID-19 outbreak, which started in Wuhan (China) in December 2019, is rapidly spreading around the world. One of the world's largest industries, chemicals and materials, is experiencing significant disruptions as a result of this pandemic, including supply chain breakdowns, the cancellation of technological events, and office closures. China is the center of the world's production and the biggest provider of raw materials for many industries, but it is also one of the nations most severely impacted by the COVID-19 pandemic. Due to factory closures, supply chain challenges, and the general market collapse brought on by COVID-19, the expansion of the solder materials industry is also being hampered.
The wire segment is expected to be the largest during the forecast period
During the anticipated timeframe, the wire segment's market share will expand significantly. Demand for solder wires has significantly increased for repair and maintenance applications across a variety of industries, particularly in the infrastructure, automotive, and consumer electronics sectors. The demand for solder wire is fueled by the rise in the number of cars and the consequent growth in the need for maintenance and repair services. Widespread use of wires in PCB soldering and higher output is major market drivers. For instance, people should be aware that certain wires should only be used in certain situations, such as acid-core solder wire, which is okay for plumbing but unsuitable for electronics because it contains acid, thereby boosting market growth.
The robotic segment is expected to have the highest CAGR during the forecast period
The robotic segment is expected to have the highest CAGR during the forecast period in the solder materials market. Robotic soldering can lead to cost savings in the long run. While initial investment costs for robotic systems may be higher, they can provide significant returns by reducing labor costs and minimizing defects or rework. The potential cost savings associated with robotic soldering can make it an attractive option for various industries, leading to market growth, which is fostering the expansion of the global market.
Region with largest share:
North America has the largest share in the regional market due to the rapidly expanding electronics and semiconductor industries. This was linked to the country's expanding refurbishing sector. Over the course of the projection period, an increase in the production of sophisticated semiconductor devices is anticipated to increase market share. Due to an expansion of the electronics industry's production base, the sector is anticipated to have significant growth, particularly in Mexico. Additionally, it is anticipated that the growth of the electronics aftermarket and the rising number of repair shops for electronic gadgets will promote market expansion.
Region with highest CAGR:
The solder materials market in Asia Pacific is anticipated to develop at the greatest CAGR during the forecast period since it has the highest production of electronics globally. The electrical and automotive industries are driving up demand for soldering supplies in these nations. The solder materials are becoming increasingly important in electronic vehicle applications in addition to their uses in the electronic sector. Since the price of gasoline, diesel, and compressed natural gas has grown, there has been a trend among customers toward electronic products. The market in the area has grown as a result of this change, making it the fastest-growing market for this technology over the projection period.
Key players in the market:
Some of the key players in Solder Materials Market include Accurus Scientific, Agni Solders, Aim, Balaji Insulation Co., Belmont Metals Inc., Deoksan Hi Metal, Digi Key Corp., Duksan Himetal Co. Ltd., Element Solutions Inc., Fakri Metals, Fusion Incorporated, Genma Europe Gmbh, Handy And Harman Manufacturing Singapore Pte. Ltd., Harima Chemicals Group Inc., Indium Corp., Inventec Performance Chemical, Kester, Koki Company Ltd, Lucas-Milhaupt, Inc., Nihon Genma, Qualitek International, Inc., R.S. Hughes, Saru Silver Alloy Private Limited, Senju Metal Industry Co. Ltd., Stannol Gmbh And Co. Kg, Superior Flux & Mfg. Co., Tamura Corp., Warton Metals Ltd. And Waytek
Key Developments:
In June 2022, Indium Corporation expanded its portfolio of proven pastes with two new AuSn pastes designed for the higher processing temperatures and assembly needs required in high-power LED module array applications, such as automotive, infrastructure, and horticulture.
In May 2022, Kester launched ALPHA HRL3 Solder Sphere, Lead-free, high reliability, low temperature alloy for ball mount applications. The alloy is designed to exhibit improved drop shock and thermal cycling performance versus existing low temperature alloys in the market.
In January 2022, Tamura Corp. developed compact and highly efficient power modules for use in electric vehicle (EV) chargers and power conversion systems.
Products Covered:
• Bar
• Wire
• Paste
• Flux
• Other Products
Types Covered:
• With Lead
• Lead-Free
Processes Covered:
• Wave/Reflow
• Screen Printing
• Robotic
• Laser
End Users Covered:
• Consumer Electronics
• Automotive
• Industrial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- 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 End User 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 Solder Materials Market, By Product
5.1 Introduction
5.2 Bar
5.3 Wire
5.4 Paste
5.5 Flux
5.6 Other Products
6 Global Solder Materials Market, By Type
6.1 Introduction
6.2 With Lead
6.3 Lead-Free
7 Global Solder Materials Market, By Process
7.1 Introduction
7.2 Wave/Reflow
7.3 Screen Printing
7.4 Robotic
7.5 Laser
8 Global Solder Materials Market, By End User
8.1 Introduction
8.2 Consumer Electronics
8.3 Automotive
8.4 Industrial
9 Global Solder Materials 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 ACCURUS SCIENTIFIC
11.2 AGNI SOLDERS
11.3 AIM
11.4 BALAJI INSULATION CO.
11.5 BELMONT METALS INC.
11.6 DEOKSAN HI METAL
11.7 DIGI KEY CORP.
11.8 DUKSAN HIMETAL CO. LTD.
11.9 ELEMENT SOLUTIONS INC.
11.10 FAKRI METALS
11.11 FUSION INCORPORATED
11.12 GENMA EUROPE GMBH
11.13 HANDY AND HARMAN MANUFACTURING PVT. LTD.
11.14 HARIMA CHEMICALS GROUP INC.
11.15 INDIUM CORP.
11.16 INVENTEC PERFORMANCE CHEMICAL
11.17 KESTER
11.18 KOKI Company Ltd
11.19 LUCAS-MILHAUPT, INC.
11.20 NIHON GENMA
11.21 QUALITEK INTERNATIONAL, INC.
11.22 R.S. HUGHES
11.23 SARU SILVER ALLOY PRIVATE LIMITED
11.24 SENJU METAL INDUSTRY CO. LTD.
11.25 STANNOL GMBH AND CO. KG
11.26 SUPERIOR FLUX & MFG. CO.
11.27 TAMURA CORP.
11.28 WARTON METALS Ltd.
11.29 WAYTEK
List of Tables
1 Global Solder Materials Market Outlook, By Region (2020-2028) ($MN)
2 Global Solder Materials Market Outlook, By Product (2020-2028) ($MN)
3 Global Solder Materials Market Outlook, By Bar (2020-2028) ($MN)
4 Global Solder Materials Market Outlook, By Wire (2020-2028) ($MN)
5 Global Solder Materials Market Outlook, By Paste (2020-2028) ($MN)
6 Global Solder Materials Market Outlook, By Flux (2020-2028) ($MN)
7 Global Solder Materials Market Outlook, By Other Products (2020-2028) ($MN)
8 Global Solder Materials Market Outlook, By Type (2020-2028) ($MN)
9 Global Solder Materials Market Outlook, By With Lead (2020-2028) ($MN)
10 Global Solder Materials Market Outlook, By Lead-Free (2020-2028) ($MN)
11 Global Solder Materials Market Outlook, By Process (2020-2028) ($MN)
12 Global Solder Materials Market Outlook, By Wave/Reflow (2020-2028) ($MN)
13 Global Solder Materials Market Outlook, By Screen Printing (2020-2028) ($MN)
14 Global Solder Materials Market Outlook, By Robotic (2020-2028) ($MN)
15 Global Solder Materials Market Outlook, By Laser (2020-2028) ($MN)
16 Global Solder Materials Market Outlook, By End User (2020-2028) ($MN)
17 Global Solder Materials Market Outlook, By Consumer Electronics (2020-2028) ($MN)
18 Global Solder Materials Market Outlook, By Automotive (2020-2028) ($MN)
19 Global Solder Materials Market Outlook, By Industrial (2020-2028) ($MN)
20 North America Solder Materials Market Outlook, By Country (2020-2028) ($MN)
21 North America Solder Materials Market Outlook, By Product (2020-2028) ($MN)
22 North America Solder Materials Market Outlook, By Bar (2020-2028) ($MN)
23 North America Solder Materials Market Outlook, By Wire (2020-2028) ($MN)
24 North America Solder Materials Market Outlook, By Paste (2020-2028) ($MN)
25 North America Solder Materials Market Outlook, By Flux (2020-2028) ($MN)
26 North America Solder Materials Market Outlook, By Other Products (2020-2028) ($MN)
27 North America Solder Materials Market Outlook, By Type (2020-2028) ($MN)
28 North America Solder Materials Market Outlook, By With Lead (2020-2028) ($MN)
29 North America Solder Materials Market Outlook, By Lead-Free (2020-2028) ($MN)
30 North America Solder Materials Market Outlook, By Process (2020-2028) ($MN)
31 North America Solder Materials Market Outlook, By Wave/Reflow (2020-2028) ($MN)
32 North America Solder Materials Market Outlook, By Screen Printing (2020-2028) ($MN)
33 North America Solder Materials Market Outlook, By Robotic (2020-2028) ($MN)
34 North America Solder Materials Market Outlook, By Laser (2020-2028) ($MN)
35 North America Solder Materials Market Outlook, By End User (2020-2028) ($MN)
36 North America Solder Materials Market Outlook, By Consumer Electronics (2020-2028) ($MN)
37 North America Solder Materials Market Outlook, By Automotive (2020-2028) ($MN)
38 North America Solder Materials Market Outlook, By Industrial (2020-2028) ($MN)
39 Europe Solder Materials Market Outlook, By Country (2020-2028) ($MN)
40 Europe Solder Materials Market Outlook, By Product (2020-2028) ($MN)
41 Europe Solder Materials Market Outlook, By Bar (2020-2028) ($MN)
42 Europe Solder Materials Market Outlook, By Wire (2020-2028) ($MN)
43 Europe Solder Materials Market Outlook, By Paste (2020-2028) ($MN)
44 Europe Solder Materials Market Outlook, By Flux (2020-2028) ($MN)
45 Europe Solder Materials Market Outlook, By Other Products (2020-2028) ($MN)
46 Europe Solder Materials Market Outlook, By Type (2020-2028) ($MN)
47 Europe Solder Materials Market Outlook, By With Lead (2020-2028) ($MN)
48 Europe Solder Materials Market Outlook, By Lead-Free (2020-2028) ($MN)
49 Europe Solder Materials Market Outlook, By Process (2020-2028) ($MN)
50 Europe Solder Materials Market Outlook, By Wave/Reflow (2020-2028) ($MN)
51 Europe Solder Materials Market Outlook, By Screen Printing (2020-2028) ($MN)
52 Europe Solder Materials Market Outlook, By Robotic (2020-2028) ($MN)
53 Europe Solder Materials Market Outlook, By Laser (2020-2028) ($MN)
54 Europe Solder Materials Market Outlook, By End User (2020-2028) ($MN)
55 Europe Solder Materials Market Outlook, By Consumer Electronics (2020-2028) ($MN)
56 Europe Solder Materials Market Outlook, By Automotive (2020-2028) ($MN)
57 Europe Solder Materials Market Outlook, By Industrial (2020-2028) ($MN)
58 Asia Pacific Solder Materials Market Outlook, By Country (2020-2028) ($MN)
59 Asia Pacific Solder Materials Market Outlook, By Product (2020-2028) ($MN)
60 Asia Pacific Solder Materials Market Outlook, By Bar (2020-2028) ($MN)
61 Asia Pacific Solder Materials Market Outlook, By Wire (2020-2028) ($MN)
62 Asia Pacific Solder Materials Market Outlook, By Paste (2020-2028) ($MN)
63 Asia Pacific Solder Materials Market Outlook, By Flux (2020-2028) ($MN)
64 Asia Pacific Solder Materials Market Outlook, By Other Products (2020-2028) ($MN)
65 Asia Pacific Solder Materials Market Outlook, By Type (2020-2028) ($MN)
66 Asia Pacific Solder Materials Market Outlook, By With Lead (2020-2028) ($MN)
67 Asia Pacific Solder Materials Market Outlook, By Lead-Free (2020-2028) ($MN)
68 Asia Pacific Solder Materials Market Outlook, By Process (2020-2028) ($MN)
69 Asia Pacific Solder Materials Market Outlook, By Wave/Reflow (2020-2028) ($MN)
70 Asia Pacific Solder Materials Market Outlook, By Screen Printing (2020-2028) ($MN)
71 Asia Pacific Solder Materials Market Outlook, By Robotic (2020-2028) ($MN)
72 Asia Pacific Solder Materials Market Outlook, By Laser (2020-2028) ($MN)
73 Asia Pacific Solder Materials Market Outlook, By End User (2020-2028) ($MN)
74 Asia Pacific Solder Materials Market Outlook, By Consumer Electronics (2020-2028) ($MN)
75 Asia Pacific Solder Materials Market Outlook, By Automotive (2020-2028) ($MN)
76 Asia Pacific Solder Materials Market Outlook, By Industrial (2020-2028) ($MN)
77 South America Solder Materials Market Outlook, By Country (2020-2028) ($MN)
78 South America Solder Materials Market Outlook, By Product (2020-2028) ($MN)
79 South America Solder Materials Market Outlook, By Bar (2020-2028) ($MN)
80 South America Solder Materials Market Outlook, By Wire (2020-2028) ($MN)
81 South America Solder Materials Market Outlook, By Paste (2020-2028) ($MN)
82 South America Solder Materials Market Outlook, By Flux (2020-2028) ($MN)
83 South America Solder Materials Market Outlook, By Other Products (2020-2028) ($MN)
84 South America Solder Materials Market Outlook, By Type (2020-2028) ($MN)
85 South America Solder Materials Market Outlook, By With Lead (2020-2028) ($MN)
86 South America Solder Materials Market Outlook, By Lead-Free (2020-2028) ($MN)
87 South America Solder Materials Market Outlook, By Process (2020-2028) ($MN)
88 South America Solder Materials Market Outlook, By Wave/Reflow (2020-2028) ($MN)
89 South America Solder Materials Market Outlook, By Screen Printing (2020-2028) ($MN)
90 South America Solder Materials Market Outlook, By Robotic (2020-2028) ($MN)
91 South America Solder Materials Market Outlook, By Laser (2020-2028) ($MN)
92 South America Solder Materials Market Outlook, By End User (2020-2028) ($MN)
93 South America Solder Materials Market Outlook, By Consumer Electronics (2020-2028) ($MN)
94 South America Solder Materials Market Outlook, By Automotive (2020-2028) ($MN)
95 South America Solder Materials Market Outlook, By Industrial (2020-2028) ($MN)
96 Middle East & Africa Solder Materials Market Outlook, By Country (2020-2028) ($MN)
97 Middle East & Africa Solder Materials Market Outlook, By Product (2020-2028) ($MN)
98 Middle East & Africa Solder Materials Market Outlook, By Bar (2020-2028) ($MN)
99 Middle East & Africa Solder Materials Market Outlook, By Wire (2020-2028) ($MN)
100 Middle East & Africa Solder Materials Market Outlook, By Paste (2020-2028) ($MN)
101 Middle East & Africa Solder Materials Market Outlook, By Flux (2020-2028) ($MN)
102 Middle East & Africa Solder Materials Market Outlook, By Other Products (2020-2028) ($MN)
103 Middle East & Africa Solder Materials Market Outlook, By Type (2020-2028) ($MN)
104 Middle East & Africa Solder Materials Market Outlook, By With Lead (2020-2028) ($MN)
105 Middle East & Africa Solder Materials Market Outlook, By Lead-Free (2020-2028) ($MN)
106 Middle East & Africa Solder Materials Market Outlook, By Process (2020-2028) ($MN)
107 Middle East & Africa Solder Materials Market Outlook, By Wave/Reflow (2020-2028) ($MN)
108 Middle East & Africa Solder Materials Market Outlook, By Screen Printing (2020-2028) ($MN)
109 Middle East & Africa Solder Materials Market Outlook, By Robotic (2020-2028) ($MN)
110 Middle East & Africa Solder Materials Market Outlook, By Laser (2020-2028) ($MN)
111 Middle East & Africa Solder Materials Market Outlook, By End User (2020-2028) ($MN)
112 Middle East & Africa Solder Materials Market Outlook, By Consumer Electronics (2020-2028) ($MN)
113 Middle East & Africa Solder Materials Market Outlook, By Automotive (2020-2028) ($MN)
114 Middle East & Africa Solder Materials Market Outlook, By Industrial (2020-2028) ($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.
