3D Concrete Printing Market

3D Concrete Printing Market Size by Offering (Printing services, Materials), Technique (Extrusion-based, Powder-based), End User, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-12590
  • Published Date: Aug, 2024
  • Pages: 236
  • Category: Chemicals & Materials
  • Format: PDF
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Global 3D Concrete Printing market seems to reach USD 3,686.29 million by 2033, at a CAGR of 55.60% from 2024 to 2033. Global 3D Concrete Printing market is witnessing a considerable growth owing to the ease in the construction of different complex architectural design.

Market Overview:

3D Concrete printing is the advanced technology, which is used to construct construction components and to build an entire building using 3D concrete printers. These 3D concrete printers or machine are integrated to form automated and semi-automated production lines, which are used to make complex building structures, and construction components with better 3d Concrete printing approach. There are many advantages of 3D concrete printing like low labour cost, the faster construction of building with more complex design and better accuracy. There are various 3D printing method like extrusion method, which includes wax, cement, additive welding etc. which are used in the construction process. This technology is promising in terms of cost, time, accuracy, different complex, beautiful designs etc.  The construction companies have started concentrating on this technology as they consider that there is a great opportunity for 3D concrete printing technology in the forecasting period. Gradually this technology is getting adopted all across the globe.

There are also many experiments are performed by the construction companies in terms of different types of concrete mixes and printing machine, to come up with new and better technique in the construction sector. This method is also considered eco-friendly with a reduction in the waste in the construction process. This factor is propelling the 3D concrete printing market. The rapid urbanization in the developing countries along with the industrialization has led to the application of 3D concrete printing in various sector like defence sector. This factor is also fuelling this market. The ease in the construction of different complex architectural design, eco-friendly technology, reduction in the wastage, the decline in the health and risk factor are some of the major reasons which is propelling this market. The construction companies at present are using this technique in constructing roofs, floors, pavement, slabs etc. The rising demand of the houses in the urban areas, especially in the developing regions is also the factor that will drive the 3D concrete printing market in the years to come. The key construction companies are investing in their R&D department to come up with a printing machine that can do construction on a large scale.

3D Concrete Printing Market Size

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Market Dynamics:

Drivers
  • The ease in the construction of different complex architectural design

The 3D concrete printing technology has many advantages. It helps in constructing complex building geometries, having different types of design. More complex and sophisticated designs are easy to construct, with better accuracy, the construction process is also fast, and the process of such type of construction requires less labours, so it is very efficient to use 3D concrete printing technologies. Various key players are now investing in R&D to develop the kind of printing machine, which can be used where construction is happening on a large scale. The advancement in technologies in the future will make this technology more advanced, which could use as mainstream construction technology in the future.

  • The decline in the health and safety factor

This technology is less labour intensive, and also there is less wastage in this type of construction process. This technology is also ecofriendly, and so it declines the risk of health. The key companies are integrating many 3D concrete printers, coming up with many automated and semi-automated production lines, which can be used in the construction of building having complex structures and also used to fabricate many construction components which includes floors, pavement, slabs etc. So this automation declines the risk in safety also. The process provides better accuracy, reduced production time and many more, these factors are driving the 3D concrete printing market.

Restraints:
  • Lack of awareness about the technique

3D concrete printing technology seems to have the promising future as the key companies are focusing on this technologies, but still, there are many regions, where people and construction companies are still not aware of the technique and some time because of the doubt on the technology about the safety, many companies are not investing in the technology and still focusing on the conventional technique. So this lack of awareness and trust deficit factors by some companies are acting as a major restraint for the market. This technology is promising in terms of cost, time, accuracy, different complex, beautiful designs etc.

Opportunities:
  • Rapid urbanization in the emerging economies

There is a rapid urbanization in the developing and developed countries as there are lots of investments happening for the development of the infrastructure in the cities. This has created the demand for many building like school buildings, shopping complex, hospitals building and residential apartments, which will drive this advanced technologies called 3D concrete printing in the forecasting period. There is a great demand for advanced technologies, which is having faster production time, less labour intensive, and good accuracy, all these factors are looking promising to fulfil this rapid pace of urbanization in the forecasting period.

Segmentation Analysis:

The global 3D Concrete Printing market has been segmented based on offering, technique, end-user and regions.

  • The offering segment is divided into printing services and materials. Printing services segment is accounted for the highest market share of 60.44% in 2023. The 3D concrete printing is used in the construction of the building and is also used to integrate and make automated and semi-automated production lines, which help in the construction of more complex designed building, with good accuracy and reduction in wastage, so printing services is more dominant at present.
  • The technique segment includes Extrusion-Based Technique and Powder-Based Technique. The Extrusion-Based Technique segment accounts for the highest market share of 69.43% in 2023. This is widely used in the construction of buildings and infrastructure. The technique is also capable of fabricating highly geometric complex architecture and uses conventional construction materials.
  • The end-user segment consists of Building and Infrastructure. The building segment accounts for 63.13% of the market share in 2023. This is because of the rising demand for the affordable houses and growth in the trend to fabricate complex building structures. The rapid urbanization has led to the demand of many building structures; these factors are, in turn, driving the 3D concrete printing market.
Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Europe is accounting for the highest marketing share in 2023.

Europe 3D Concrete Printing Market Share in 2023 - 37.55%

 

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  • Europe region is having the highest market share of 37.55% in 2023. This is due to the fact that there are new residential construction activities are happening in the region. Also, there is an increasing trend of constructing a complex building structure with an economical price. Many residential construction projects are happening in the region like Russia, which is driving the 3D concrete printing market in the region.
  • APAC had the second-largest market share of 25.11 % in 2023. The rapid urbanization in the developing countries of the region like India and China are creating the demand for the affordable residences, shopping complexes, hospitals and school buildings. Also, the rising trend of complex architecture is driving this market and will drive in the coming years also. The rise in disposable income of the people in the emerging economies of the region have increased their requirement, which created the need of more infrastructure and buildings in the region and hence driving the 3D concrete printing market in the region.
Competitive Analysis:

The big players are now focused in the implementation of strategies like joint venture, product innovations, merger and acquisition and partnerships etc. to gain the market share and to strengthen its position in the global 3D Concrete Printing industry.

In December 2018, Winsun came up with 3D printing technology to construct a house in 24 hrs. This technique would take the construction segment in the direction of the digital future.

In June 2019,XteeE got the investment from TTWiiN Investment partner and had done a collaboration with Concreative to start a new 3D printing production unit in UAE, to expand its market share.

List of Key Market Players:
  • Winsun
  • XtreeE
  • Monolite UK
  • Apis Cor
  • CSP s.r.l.
  • CyBe Construction
  • Sika
  • DUS Architects
  • Fosters + Partners
  • Universe Architecture
Key Target Audience
  • Construction industries
  • Government and Regulatory Bodies
  • Research and Development Organizations

Report Description:

  • Global 3D Concrete Printing Market, Industry Analysis, Trends, Analysis and Forecast, 2024 to 2033 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2023 is considered as the base year of the report. 2020, 2021 and 2022 are considered as the historic years and 2024 to 2033 are the forecast years. The global 3D Concrete Printing market is based on revenue (USD Million/Billion), volume and price. The report incorporates the market study on the basis of revenue, and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global 3D Concrete Printing market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of offering, technique, end user and regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global 3D Concrete Printing market.  This offers vital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global 3D Concrete Printing market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which acts as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global 3D Concrete Printing market) is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the 3D Concrete Printing Market was valued at USD 44.31 Million in 2023 and is anticipated to reach USD 3,686.29 Million by 2033.

Global 3D Concrete Printing Market is growing at a CAGR of 55.60% during the forecast period 2024-2033.

The Europe region emerged as the largest market for the Power Tools.

The ease in the construction of different complex architectural design is the key driving factors for the 3D Concrete Printing Market.

Lack of awareness about the 3D concrete printing technique could hamper the market growth.

Rapid urbanization in the emerging economies will provide huge opportunities to the market.

Key players are Winsun, XtreeE, Monolite UK, Apis Cor, CSP s.r.l., CyBe Construction, Sika.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Offering
          4.3.2. Market Attractiveness Analysis By Technique
          4.3.3. Market Attractiveness Analysis By End User
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
    5.3. Restraints
    5.4. Opportunities
    5.5. Challenges

6. Global 3D Concrete Printing Market Analysis and Forecast, By Offering
    6.1. Segment Overview
    6.2. Printing Services
    6.3. Materials

7. Global 3D Concrete Printing Market Analysis and Forecast, By Technique
    7.1. Segment Overview
    7.2. Extrusion-Based
    7.3. Powder-Based

8. Global 3D Concrete Printing Market Analysis and Forecast, By End User
    8.1. Segment Overview
    8.2. Building
    8.3. Infrastructure

9. Global 3D Concrete Printing Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global 3D Concrete Printing Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global 3D Concrete Printing Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Winsun
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. XtreeE
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Monolite UK
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Apis Cor
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. CSP s.r.l.
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. CyBe Construction
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Sika
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. DUS Architects
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Fosters + Partners
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Universe Architecture
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis

List of Table

1. Global 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

2. Global Printing Services 3D Concrete Printing Market, By Region, 2020–2033 (USD Million)

3. Global Materials 3D Concrete Printing Electric Market, By Region, 2020–2033 (USD Million)

4. Global 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

5. Global Extrusion-Based 3D Concrete Printing Market, By Region, 2020–2033 (USD Million)

6. Global Powder-Based 3D Concrete Printing Electric Market, By Region, 2020–2033 (USD Million)

7. Global 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

8. Global Building, 3D Concrete Printing Market, By Region, 2020–2033 (USD Million)

9. Global Infrastructure, 3D Concrete Printing Market, By Region, 2020–2033 (USD Million)

10. Global 3D Concrete Printing Market, By Region, 2020–2033 (USD Million) 

11. Global 3D Concrete Printing Market, By North America, 2020–2033 (USD Million)

12. North America 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

13. North America 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

14. North America 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

15. U.S. 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

16. U.S. 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

17. U.S. 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

18. Canada 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

19. Canada 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

20. Canada 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

21. Mexico 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

22. Mexico 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

23. Mexico 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

24. Europe 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

25. Europe 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

26. Europe 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

27. Germany 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

28. Germany 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

29. Germany 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

30. France 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

31. France 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

32. France 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

33. U.K. 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

34. U.K. 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

35. U.K. 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

36. Italy 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

37. Italy 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

38. Italy 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

39. Spain 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

40. Spain 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

41. Spain 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

42. Asia Pacific 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

43. Asia Pacific 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

44. Asia Pacific 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

45. Japan 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

46. Japan 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

47. Japan 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

48. China 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

49. China 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

50. China 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

51. India 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

52. India 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

53. India 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

54. South America 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

55. South America 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

56. South America 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

57. Brazil 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

58. Brazil 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

59. Brazil 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

60. Middle East and Africa 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

61. Middle East and Africa 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

62. Middle East and Africa 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

63. UAE 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

64. UAE 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

65. UAE 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

66. South Africa 3D Concrete Printing Market, By Offering, 2020–2033 (USD Million)

67. South Africa 3D Concrete Printing Market, By Technique, 2020–2033 (USD Million)

68. South Africa 3D Concrete Printing Market, By End User, 2020–2033 (USD Million)

List of Figures 

1. Global 3D Concrete Printing Market Segmentation

2. 3D Concrete Printing Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global 3D Concrete Printing Market Attractiveness Analysis By Offering     

9. Global 3D Concrete Printing Market Attractiveness Analysis By Technique     

10. Global 3D Concrete Printing Market Attractiveness Analysis By End User       

11. Global 3D Concrete Printing Market Attractiveness Analysis By Region

12. Global 3D Concrete Printing Market: Dynamics

13. Global 3D Concrete Printing Market Share By Offering (2023 & 2033)

14. Global 3D Concrete Printing Market Share by Technique (2023 & 2033)

15. Global 3D Concrete Printing Market Share by End User (2023 & 2033)

16. Global 3D Concrete Printing Market Share by Regions (2023 & 2033)

17. Global 3D Concrete Printing Market Share by Company (2023)

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global 3D concrete printing market on the basis of below mentioned segments:

Global 3D Concrete Printing Market by Offering:

  • Printing services
  • Materials

Global 3D Concrete Printing Market by Technique:

  • Extrusion-based
  • Powder-based

Global 3D Concrete Printing Market by End User:

  • Building
  • Infrastructure

Global 3D Concrete Printing Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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