Bodyboard Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Australia, New Zealand, Spain, UK - Size and Forecast 2024-2028

Published: Dec 2023 Pages: 140 SKU: IRTNTR77035

Bodyboard Market Forecast: 2024-2028

The global bodyboard market size is estimated to grow by USD 81.54 million between  2023 and 2028. The market is accelerating at a compound annual growth rate of 5.25%. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.

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Market Major Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the Bodyboard Market. Some of the major companies in the market include:

4PLAY - The company offers bodyboards under the brand 4Play.

The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including 4PLAY, Agit Global Inc., Ballistic Bodyboards, BANGA Boards, BruSurf, Custom X Bodyboards, Funkshen Bodyboards, GENESIS, Hillwell Corp Pty Ltd., HLC SB DISTRIBUTION SL, Hubboards LLC, KEEPER SPORTS PRODUCTS, Lucky Bums, Mike Stewart Inc., Nomad Bodyboards, Pride Bodyboards, Stallion Sports Ltd., THURSO SURF, Tiki, and Turbo Surf Designs

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Size And Market Dynamic

Key Drivers

Population growth and increased adoption of water sports are notably driving the market growth. A growing global population is expected to lead to an increase in the number of individuals participating in recreational activities, including water sports such as bodyboarding. As more people seek leisure and sporting activities, the demand for bodyboards is rising, driving the growth of the global bodyboard market. Furthermore, economic growth and rising disposable incomes lead to increased consumer spending on leisure and recreational activities.

Moreover, popular beach destinations attract tourists interested in water sports. The growth in global tourism is expected to boost the demand for bodyboards as visitors seek to engage in recreational activities during their beach vacations. Thus, this is expected to contribute to the growth of the global bodyboard market during the forecast period. Market research and growth initiatives play a crucial role in understanding consumer preferences, market dynamics, and emerging trends in the bodyboarding industry. Additionally, continuous market growth and forecasting efforts help anticipate future demand and opportunities for innovation in bodyboard technology and bodyboard maintenance, ensuring the industry remains dynamic and responsive to changing consumer needs and preferences.

Key Trends

Continuous evolution in designs of bodyboards is an emerging trend shaping the market. The continuous evolution in the designs of bodyboards plays a crucial role in contributing to the growth of the global bodyboard market. Innovations in materials, such as the use of lightweight yet durable foams and high-tech fabrics, contribute to the development of bodyboards that offer improved strength-to-weight ratios. Lighter boards can enhance speed and agility in the water. Changes in tail and rail designs influence how a bodyboard performs in different wave conditions.

However, continuous refinement in these aspects allows riders to have a more customized experience based on their skill level, wave type, and personal preferences. Design changes can also involve incorporating attachment points for accessories such as leashes, fins, or GoPro mounts. This adaptability allows riders to customize their bodyboarding experience, attracting those who seek versatility in their equipment, thus boosting the global bodyboarding market during the forecast period. Bodyboard materials, bodyboard innovation, bodyboard shapes, and bodyboarding techniques are critical areas of focus driving these advancements, ensuring that modern bodyboards meet the evolving needs and preferences of riders worldwide.

Key Challenges

Accidental collisions and falls owing to bodyboarding are a significant challenge hindering market growth. While the global bodyboarding market is generally associated with recreational fun and enjoyment, accidents, collisions, and falls leading to fatal injuries can have serious consequences for the industry. Fatal injuries resulting from accidents during bodyboarding can raise safety concerns among the general public. Additionally, concerns regarding bodyboard size and its suitability for different skill levels and wave conditions can contribute to accidents and injuries.

Furthermore, fatal accidents will prompt authorities to review and impose stricter regulations on water sports, including bodyboarding. Increased regulations are expected to create barriers for enthusiasts, hindering global bodyboard market growth during the forecast period.

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Market Segmentation And Region

By Distribution Channel

The market share growth by the offline segment will be significant during the forecast period. Offline distribution channels play a significant role in the growth of the global bodyboard market, providing a tangible and interactive experience for consumers. Physical stores allow customers to interact with bodyboards, feel their texture, and assess their build quality. The offline was the largest segment and was valued at USD 223.30 million in 2018. This hands-on experience can significantly influence purchasing decisions as customers can gauge the product's suitability based on their preferences. Customers can benefit from expert advice on choosing the right bodyboard based on their skill level, body type, and local wave conditions; thus, the increasing preference for touch and feel by customers and the provision of expert advice in this channel will fuel market growth.

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By End-user

Based on the end-user, the market has been segmented into professionals and hobbyists. The professionals ?segment will account for the largest share of this segment.

Market Analyst Overview

The bodyboard market encompasses a vibrant industry catering to enthusiasts of all skill levels. From beginners to professionals, a wide range of bodyboarding gear is available to suit individual preferences and riding styles. Bodyboard designs continue to evolve, incorporating innovative features and materials to enhance performance and durability.

In addition to essential equipment like bodyboard fins and bodyboard accessories, the market also offers a variety of bodyboard apparel to ensure comfort and style while riding the waves. Bodyboarding events and competitions play a significant role in fostering the bodyboarding culture and showcasing the sport's talent and innovation.

Safety is paramount in bodyboarding, and the availability of bodyboarding safety gear underscores the industry's commitment to rider well-being. With continuous market growth analysis and market research, the bodyboard market is poised for further expansion and innovation, with market forecasting indicating promising opportunities for growth and development in the coming years.

Geographical Analysis

North America is estimated to contribute 38% during the forecast period.

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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The bodyboard market is expected to grow significantly in North America during the forecast period. North America attracts bodyboarders from around the world due to its diverse bodyboarding spots and ideal surfing conditions. Tourists and recreational surfers contribute to the demand for bodyboards while visiting these destinations. The presence of well-established surfing communities fosters a strong demand for bodyboard products. Bodyboarding is a part of the outdoor and beach lifestyle in North America. Further, bodyboarding competitions and events, such as the US Open of Surfing, draw large crowds and media attention. These events serve as platforms for brands to showcase their products and generate excitement in the market.

Moreover, bodyboard brands leverage social media platforms and partner with bodyboarding influencers to promote their products. Visual content and influencer endorsements play a significant role in shaping consumer preferences. The availability of surfing schools and camps provides opportunities for beginners to get involved in bodyboarding. These institutions often have retail areas where they sell bodyboard gear to their students. Thus, these factors will boost the growth of the market in North America during the forecast period. 

Bodyboard Market Scope

Report Coverage

Details

Page number

120

Base year

2023

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.25%

Market Growth 2024-2028

USD 81.54 million

Market structure

Fragmented

YoY growth (%)

4.38

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key consumer countries

US, Australia, New Zealand, Spain, and UK

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

4PLAY, Agit Global Inc., Ballistic Bodyboards, BANGA Boards, BruSurf, Custom X Bodyboards, Funkshen Bodyboards, GENESIS, Hillwell Corp Pty Ltd., HLC SB DISTRIBUTION SL, Hubboards LLC, KEEPER SPORTS PRODUCTS, Lucky Bums, Mike Stewart Inc., Nomad Bodyboards, Pride Bodyboards, Stallion Sport Ltd., THURSO SURF, Tiki, and Turbo Surf Designs

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period 2024-2028
  • Detailed information on factors that will drive bodyboard market trends growth during the next five years
  • Precise estimation of the bodyboard market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the market across North America, Europe, APAC, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on companies
  • Comprehensive details of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global bodyboard market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global bodyboard market 2018 - 2022 ($ million)
    • 4.2 Distribution Channel Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ million)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Distribution Channel

    • 6.1 Market segments
      • Exhibit 30: Chart on Distribution Channel - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Distribution Channel - Market share 2023-2028 (%)
    • 6.2 Comparison by Distribution Channel
      • Exhibit 32: Chart on Comparison by Distribution Channel
      • Exhibit 33: Data Table on Comparison by Distribution Channel
    • 6.3 Offline - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Offline - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Offline - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Offline - Year-over-year growth 2023-2028 (%)
    • 6.4 Online - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Online - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Online - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Online - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Online - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Distribution Channel
      • Exhibit 42: Market opportunity by Distribution Channel ($ million)
      • Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 46: Chart on Comparison by End-user
      • Exhibit 47: Data Table on Comparison by End-user
    • 7.3 Professionals - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Professionals - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Data Table on Professionals - Market size and forecast 2023-2028 ($ million)
      • Exhibit 50: Chart on Professionals - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Professionals - Year-over-year growth 2023-2028 (%)
    • 7.4 Hobbyists - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Hobbyists - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Hobbyists - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Hobbyists - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Hobbyists - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by End-user
      • Exhibit 56: Market opportunity by End-user ($ million)
      • Exhibit 57: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 Australia - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Australia - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on Australia - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on Australia - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Australia - Year-over-year growth 2023-2028 (%)
    • 9.10 Spain - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Spain - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on Spain - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on Spain - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Spain - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 New Zealand - Market size and forecast 2023-2028
      • Exhibit 99: Chart on New Zealand - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on New Zealand - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on New Zealand - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on New Zealand - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ million)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 4PLAY
              • Exhibit 111: 4PLAY - Overview
              • Exhibit 112: 4PLAY - Product / Service
              • Exhibit 113: 4PLAY - Key offerings
            • 12.4 Agit Global Inc.
              • Exhibit 114: Agit Global Inc. - Overview
              • Exhibit 115: Agit Global Inc. - Product / Service
              • Exhibit 116: Agit Global Inc. - Key offerings
            • 12.5 Ballistic Bodyboards
              • Exhibit 117: Ballistic Bodyboards - Overview
              • Exhibit 118: Ballistic Bodyboards - Product / Service
              • Exhibit 119: Ballistic Bodyboards - Key offerings
            • 12.6 BruSurf
              • Exhibit 120: BruSurf - Overview
              • Exhibit 121: BruSurf - Product / Service
              • Exhibit 122: BruSurf - Key offerings
            • 12.7 Custom X Bodyboards
              • Exhibit 123: Custom X Bodyboards - Overview
              • Exhibit 124: Custom X Bodyboards - Product / Service
              • Exhibit 125: Custom X Bodyboards - Key offerings
            • 12.8 Funkshen Bodyboards
              • Exhibit 126: Funkshen Bodyboards - Overview
              • Exhibit 127: Funkshen Bodyboards - Product / Service
              • Exhibit 128: Funkshen Bodyboards - Key offerings
            • 12.9 GENESIS
              • Exhibit 129: GENESIS - Overview
              • Exhibit 130: GENESIS - Product / Service
              • Exhibit 131: GENESIS - Key offerings
            • 12.10 Hillwell Corp Pty Ltd.
              • Exhibit 132: Hillwell Corp Pty Ltd. - Overview
              • Exhibit 133: Hillwell Corp Pty Ltd. - Product / Service
              • Exhibit 134: Hillwell Corp Pty Ltd. - Key offerings
            • 12.11 HLC SB DISTRIBUTION SL
              • Exhibit 135: HLC SB DISTRIBUTION SL - Overview
              • Exhibit 136: HLC SB DISTRIBUTION SL - Product / Service
              • Exhibit 137: HLC SB DISTRIBUTION SL - Key offerings
            • 12.12 KEEPER SPORTS PRODUCTS
              • Exhibit 138: KEEPER SPORTS PRODUCTS - Overview
              • Exhibit 139: KEEPER SPORTS PRODUCTS - Product / Service
              • Exhibit 140: KEEPER SPORTS PRODUCTS - Key offerings
            • 12.13 Lucky Bums
              • Exhibit 141: Lucky Bums - Overview
              • Exhibit 142: Lucky Bums - Product / Service
              • Exhibit 143: Lucky Bums - Key offerings
            • 12.14 Mike Stewart Inc.
              • Exhibit 144: Mike Stewart Inc. - Overview
              • Exhibit 145: Mike Stewart Inc. - Product / Service
              • Exhibit 146: Mike Stewart Inc. - Key offerings
            • 12.15 Pride Bodyboards
              • Exhibit 147: Pride Bodyboards - Overview
              • Exhibit 148: Pride Bodyboards - Product / Service
              • Exhibit 149: Pride Bodyboards - Key offerings
            • 12.16 THURSO SURF
              • Exhibit 150: THURSO SURF - Overview
              • Exhibit 151: THURSO SURF - Product / Service
              • Exhibit 152: THURSO SURF - Key offerings
            • 12.17 Turbo Surf Designs
              • Exhibit 153: Turbo Surf Designs - Overview
              • Exhibit 154: Turbo Surf Designs - Product / Service
              • Exhibit 155: Turbo Surf Designs - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 156: Inclusions checklist
                • Exhibit 157: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 158: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 159: Research methodology
                • Exhibit 160: Validation techniques employed for market sizing
                • Exhibit 161: Information sources
              • 13.5 List of abbreviations
                • Exhibit 162: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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