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Construction and Demolition Waste Market

Construction and Demolition Waste Market Size by Material (Soil, Sand, Concrete, Bricks & Masonry, Metal, Wood), By Source (Demolition, Renovation, and Construction), By Service (Disposal and Collection), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12753
  • Published Date: May, 2022
  • Pages: 236
  • Category: Consumer Goods
  • Format: PDF
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The global construction and demolition waste market is expected to reach USD 55.54 billion by 2030, at a CAGR of 6.1% from 2022 to 2030. The demand for construction and demolition waste has grown fast in recent years, and it is expected to grow much more throughout the forecast period. The worldwide market for construction and demolition waste is being pushed by increased construction activity and government tendency toward environmentalism worldwide.

Market Overview:

Construction waste is defined as everything created during construction and afterward discarded, irrespective of if it's been treated or hoarded. Construction is at the heart of all the requirements, including water, energy, and materials, but it also generates waste. This garbage is called construction and demolition (C&D) waste because it is created throughout the construction project, administration, and disposal stages. The construction waste market comprises debris from destroyed properties, modifications in the real estate industry, roads, flyovers, and civil infrastructure and repair. Warehousing and separation, transportation and disposal, reusing and recycling, and disposal are all processes in construction waste management.

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Market Dynamics:

Drivers:
  • Policies related to construction and demolition waste.

Construction and demolition trash are among the major waste streams generated in the European Union each year. Construction and demolition trash accounts for more than half the total garbage generated in the European Union.It contains a wide variety of materials, including such as asbestos, stones, cement, glassware, plasterboard, alloys, plastics, and timber. Many of them have the potential to be recycled or reused. The majority of building and demolition debris is placed in unprocessed landfills. The environment suffers as a result of this activity. However, legislation and practices have made recycling and reusing more than half of the building and demolition debris created mandatory. Trash policy and landfill legislation are the primary drivers of new and creative methods of collecting and managing building and demolition waste. This promotes the growth and survival of service providers that provide valuable goods, services, and solutions for dealing with construction and demolition trash. The strategic alliance of assets such as combinations of inputs, collection points, landfills, recyclable materials, and waste-to-energy plants usually leads to higher production and adequate margins; as a result, waste businesses strive to integrate operations to improve business performance, working capital, and profit margin.

Opportunities:
  • Increased knowledge among the citizens and governmental organizations.

Increased public and government agency awareness about reusing and recycling waste materials, and the development of innovative waste recycling technologies, are likely to present attractive growth prospects for market participants over the projected timeframe. Because of the increase in opportunities, various building and demolition collection and recycling firms have implemented tactics such as company growth, acquisitions, joint ventures, and partnerships in order to provide quality care in the industry.

Challenges:
  • Issues developing as a result of construction debris.

Building dust is a big issue at various stages of the construction life cycle. It is produced at the commencement and maintenance of construction activities, including during maintenance, deconstruction, transit of building material, units, and machinery, and management of construction waste and trash. At each of these stage, concrete, earth, powdered fuel ash, aggregates, silt, wood chips and sawdust, metals, stone, and sand are produced. Construction dust harms every type of environment that comes into contact with it. Industrial dust is produced in significant quantities during construction activity. Through its clean air implementation plan, India's National Clean Air Programme regulates construction dust created during the activities engaged in various building phases. The formation of a large volume of construction debris during loading or unloading is hazardous to one's health, eyesight, and other bodily organs. This offers short or long-term health risks to waste generation handlers.

Segmentation Analysis:

The global construction and demolition waste market have been segmented based on material, source, service, and regions.

  • The material segment is divided into soil, sand, concrete, bricks & masonry, metal, and wood. In 2021, concrete construction and demolition waste dominated the market with a market share of 23%. The significant production of concrete and gravel in total recyclable trash helps the country's position as a leading player in the worldwide market. The growing use of recycled and recovered concrete and stone to use at new building and restoration projects increases the concrete and gravel segment's supremacy.
  • The source segment is divided into demolition, renovation, and construction. In 2021, the demolition source of construction and demolition waste dominated the market with a market share of 36.3%. The rising rate of urbanization in emerging countries, and the growth of commercial areas and commercial areas in many high-tech towns, is boosting the trend of deconstruction of historic structures across the world.
  • The service segment is divided into disposal and collection. The disposal service is accounted for the largest share of the market for construction and demolition waste with 55.4% in 2021.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific region emerged as the largest market for the global construction and demolition waste market, with a 38.46% share of the market revenue in 2021.

  • The APAC construction and demolition waste market is driven by sales in China, Japan, and India. The need for construction and demolition waste in APAC is predicted to grow over the next five years due to several existing and planned building and deconstruction projects in Asian nations.

Asia Pacific Region Construction and demolition waste Market Share in 2021 - 38.46%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global construction and demolition waste industry.

List of Key Market Players:

  • Clean Harbors, Inc.
  • Republic Services
  • FCC Environment, Inc.
  • Veolia Environment
  • Waste Management Inc.
  • Kaiseki Co., Ltd
  • Renewi plc
  • Waste Connection
  • Progressive Waste Solutions Ltd

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting and Research Firm

Report Description:

  • Global Construction and Demolition Waste Market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2020 are regarded as the historical years, and 2022 to 2030 are the forecast years. The global construction and demolition waste market is based on revenue (USD Billion). The report incorporates the market study based on income. The study covers the market share revenue/market share/volume for each of the segments, regions, and countries catering to the global construction and demolition waste market. The analyzed areas 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 the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of construction and demolition waste based on material, source, service, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and 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 critical organizations catering to the global construction and demolition waste market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers a detailed study for the company profiles of key organizations operating in the global construction and demolition waste 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 critical financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of porter's five forces analysis coupled with SWOT analysis to offer business-related data and pieces of information. 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's growth and development 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 act as a critical potential for the investors.
  • Potential growth prospects, along with the penetration rate analysis of the product (market-related, i.e., global construction and demolition waste market), are covered to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the construction and demolition waste market was valued at USD 32.6 billion in 2021 to USD 55.54 billion by 2030.

Global construction and demolition waste market is growing at a CAGR of 6.1% during the forecast period 2022-2030.

The global construction and demolition waste market has been segmented based on material, source, service, and regions. In 2021, concrete construction and demolition waste dominated the market.

Asia Pacific region emerged as the largest market for the construction and demolition waste.

The market's growth will be influenced by policies related to construction and demolition waste.

Inadequate laws and restrictions, as well as unlawful disposal of construction and demolition trash could hamper the market growth.

Increased knowledge among the citizens and governmental organizations will provide huge opportunities to the market.

Key players are Clean Harbors, Inc., Republic Services, FCC Environment, Inc., Veolia Environment, Waste Management Inc., Kaiseki Co., Ltd, Renewi plc, Waste Connection, Progressive Waste Solutions Ltd.

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  • Further segmentation of the market on the basis of type, application, end use, product, technology, method, process and any other segment depending on the market
  • Segmentation on the basis of any specific country or region
  • Any segment can be classified on the basis of application
  • Application segment can be further divided on the basis of companies
  • The companies profiled are not limited, we can incorporate additional companies of your choice
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  • Report can be prepared for any specific country/region/segment
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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 Material
          4.3.2. Market Attractiveness Analysis By Source
          4.3.3. Market Attractiveness Analysis By Service
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Policies related to construction and demolition waste
    5.3. Restraints
          5.3.1. Inadequate laws and restrictions, as well as unlawful disposal of construction and demolition trash
    5.4. Opportunities
          5.4.1. Increased knowledge among the citizens and governmental organizations
    5.5. Challenges
          5.5.1. Issues developing because of construction debris

6. Global Construction and Demolition Waste Market Analysis and Forecast, By Material
    6.1. Segment Overview
    6.2. Soil
    6.3. Sand
    6.4. Concrete and Gravel
    6.5. Bricks & Masonry
    6.6. Metal
    6.7. Wood

7. Global Construction and Demolition Waste Market Analysis and Forecast, By Source
    7.1. Segment Overview
    7.2. Demolition
    7.3. Renovation
    7.4. Construction

8. Global Construction and Demolition Waste Market Analysis and Forecast, By Service
    8.1. Segment Overview
    8.2. Disposal
    8.3. Collection

9. Global Construction and Demolition Waste 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 Construction and Demolition Waste Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Construction and Demolition Waste 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. Clean Harbors, Inc
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Component Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Republic Services
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Component Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. FCC Environment, Inc
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Component Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Veolia Environment
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Component Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Waste Management Inc
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Component Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Kaiseki Co., Ltd
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Component Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Renewi plc
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Component Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Waste Connection
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Component Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Progressive Waste Solutions Ltd
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Component Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
 

List of Table

1. Global Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

2. Global Soil Construction and Demolition Waste Market, By Region, 2019-2030 (USD Billion) 

3. Global Sand Construction and Demolition Waste Market, By Region, 2019-2030 (USD Billion) 

4. Global Concrete and Gravel Construction and Demolition Waste Market, By Region, 2019-2030 (USD Billion) 

5. Global Bricks & Masonry Construction and Demolition Waste Market, By Region, 2019-2030 (USD Billion) 

6. Global Metal Construction and Demolition Waste Market, By Region, 2019-2030 (USD Billion)

7. Global Wood Construction and Demolition Waste Market, By Region, 2019-2030 (USD Billion)

8. Global Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

9. Global Demolition Construction and Demolition Waste Market, By Region, 2019-2030 (USD Billion) 

10. Global Renovation Construction and Demolition Waste Market, By Region, 2019-2030 (USD Billion) 

11. Global Construction Construction and Demolition Waste Market, By Region, 2019-2030 (USD Billion) 

12. Global Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

13. Global Disposal Construction and Demolition Waste Market, By Region, 2019-2030 (USD Billion) 

14. Global Collection Construction and Demolition Waste Market, By Region, 2019-2030 (USD Billion) 

15. Global Construction and Demolition Waste Market, By Region, 2019-2030 (USD Billion) 

16. North America Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

17. North America Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

18. North America Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

19. U.S. Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

20. U.S. Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

21. U.S. Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

22. Canada Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

23. Canada Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

24. Canada Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

25. Mexico Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

26. Mexico Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

27. Mexico Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

28. Europe Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

29. Europe Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

30. Europe Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

31. Germany Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

32. Germany Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

33. Germany Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

34. France Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

35. France Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

36. France Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

37. U.K. Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

38. U.K. Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

39. U.K. Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

40. Italy Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

41. Italy Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

42. Italy Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

43. Spain Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

44. Spain Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

45. Spain Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

46. Asia Pacific Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

47. Asia Pacific Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

48. Asia Pacific Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

49. Japan Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

50. Japan Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

51. Japan Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

52. China Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

53. China Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

54. China Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

55. India Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

56. India Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

57. India Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

58. South America Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

59. South America Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

60. South America Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

61. Brazil Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

62. Brazil Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

63. Brazil Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

64. Middle East and Africa Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

65. Middle East and Africa Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

66. Middle East and Africa Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

67. UAE Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

68. UAE Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

69. UAE Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

70. South Africa Construction and Demolition Waste Market, By Material, 2019-2030 (USD Billion) 

71. South Africa Construction and Demolition Waste Market, By Source, 2019-2030 (USD Billion) 

72. South Africa Construction and Demolition Waste Market, By Service, 2019-2030 (USD Billion) 

List of Figures 

1. Global Construction and Demolition Waste Market Segmentation

2. Construction and Demolition Waste 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 Construction and Demolition Waste Market Attractiveness Analysis By Material

9. Global Construction and Demolition Waste Market Attractiveness Analysis By Source

10. Global Construction and Demolition Waste Market Attractiveness Analysis By Service

11. Global Construction and Demolition Waste Market Attractiveness Analysis By Region

12. Global Construction and Demolition Waste Market: Dynamics

13. Global Construction and Demolition Waste Market Share By Material (2022 & 2030)

14. Global Construction and Demolition Waste Market Share By Source (2022 & 2030)

15. Global Construction and Demolition Waste Market Share By Service (2022 & 2030)

16. Global Construction and Demolition Waste Market Share by Regions (2022 & 2030)

17. Global Construction and Demolition Waste Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global construction and demolition waste market based on below mentioned segments:

Global Construction and Demolition Waste Market by Material:

  • Soil
  • Sand
  • Concrete and Gravel
  • Bricks & Masonry
  • Metal
  • Wood

Global Construction and Demolition Waste Market by Source:

  • Demolition
  • Renovation
  • Construction

Global Construction and Demolition Waste Market by Service:

  • Disposal
  • Collection

Global Construction and Demolition Waste 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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