Europe Electric Motors for Electric Vehicle (EV) Market by Application and Type - Forecast and Analysis 2024-2028

Published: Feb 2024 Pages: 159 SKU: IRTNTR77596

Europe Electric Motors for Electric Vehicle (EV) Market Forecast 2024-2028 

The Europe Electric Motors for Electric Vehicle (EV) Market size is forecast to increase by USD 127.91 billion, at a CAGR of 13.78% between 2023 and 2028. Several factors play a crucial role in the market's growth, such as growing demand for EVs in Europe, ongoing innovations in electric motor technology and increasing investments from automotive manufacturers and technology companies for EVs. 

What will be the Size of the Market During the Forecast Period?

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Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Driver

Growing demand for EVs in Europe is notably driving market development. The demand for EVs in Europe is on the rise, particularly in countries like Norway, the Netherlands, the UK, France, Sweden, and Germany. EV sales have surged, with notable growth in Germany, the leading market, selling approximately 5 million full-electric cars. The UK has also seen substantial growth, boasting around 1 million fully EVs and 600,000 plug-in hybrids on its roads by January 2024. Government support initiatives, enhanced EV offerings from OEMs, and increased consumer familiarity are contributing to the increasing demand for EVs. Some European countries, including France and the UK, have committed to phasing out conventional vehicles in favor of EVs.

Further, the EU's stringent carbon emission standards are pushing OEMs to introduce electrified powertrains, creating opportunities in the EV industry and driving the need for EV charging stations. EVs are becoming more affordable due to government subsidies, contributing to their growing popularity in Europe, where EV sales surpassed diesel in recent quarters. This surge in EV adoption is expected to propel its demand, fostering market growth during the forecast period. 

Key Trends

The rise of SiC inverters to increase the efficiency of electric motors for EVs is an emerging trend shaping market growth. SiC, a semiconductor material, offers superior thermal conductivity and power-handling capabilities compared to traditional silicon-based semiconductors. SiC inverters contribute to the efficiency of these motors by minimizing power losses during energy conversion and allowing for higher temperature operation. This results in enhanced performance, increased energy density, and extended driving ranges for EVs, addressing crucial factors for consumer acceptance. SiC inverters also play a key role in fast-charging capabilities, facilitating faster charging speeds and aligning with the industry trend of accelerating charging infrastructure.

Notably, automotive manufacturers like Tesla Inc. are adopting SiC technology in their electric drivetrains, contributing to improved performance and efficiency. With European countries actively promoting EVs adoption, the deployment of SiC inverters aligns with sustainability goals and enhances the overall appeal and competitiveness of EVs in the European market. Thus, the integration of SiC inverters represents a significant technological advancement that will drive the market trends during the forecast period. 

Major Challenge

Raw material scarcity and price volatility associated with the manufacturing of electric motors for EVs is a significant challenge hindering market growth. The production of these motors relies heavily on key materials such as rare-earth elements (REEs), copper, and aluminum, making the industry susceptible to supply chain disruptions and price fluctuations. The Russia-Ukraine war has added complexity to these challenges. Russia is a major supplier of critical raw materials, including REEs, which are essential for electric motor components. Geopolitical tensions and sanctions imposed on Russia have disrupted the global supply chain, leading to concerns about shortages and increased material costs. 

Furthermore, price volatility in raw materials directly impacts the overall production cost of such motors, making it challenging for manufacturers to maintain competitive pricing. Additionally, the unpredictability of material costs hampers long-term planning and investment decisions for companies operating in the EV ecosystem. In conclusion, the interplay of raw material scarcity, price volatility, and geopolitical tensions from events such as the Russia-Ukraine war creates a challenging environment for the Europe electric motors for EV market. Such factors are expected to limit the market growth during the forecast period.

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Who are the Major Market 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 market.

Bayerische Motoren Werke AG - The company offers electric motor for EVs such as BMW Externally Excited Synchronous Motor or EESM, with AC motors used in EV.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20  market companies, including:

  • AMETEK Inc.
  • Bayerische Motoren Werke AG
  • BorgWarner Inc.
  • Continental AG
  • DENSO Corp.
  • GEM motors d.o.o
  • Hitachi Ltd.
  • Magna International Inc.
  • Mitsubishi Electric Corp.
  • Nidec Corp.
  • Robert Bosch GmbH
  • Siemens AG
  • Tesla Inc.
  • Toshiba Corp.
  • Valeo SA
  • Ford Motor Co.
  • General Motors Co.
  • Renault SAS
  • Volkswagen AG

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; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segment in the Market?

The passenger vehicle is estimated to witness significant growth during the forecast period. Increasing environmental awareness, coupled with stringent emissions regulations, has fueled the demand. European countries are prioritizing sustainability, encouraging the adoption of electric mobility to mitigate the environmental impact of traditional vehicles. 

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The passenger vehicle was the largest and was valued at USD 59.97 million in 2018. Automakers are investing heavily in research and development to improve the performance, efficiency, and design of EVs further attracting consumers. Additionally, a growing awareness of climate change and a shift towards sustainable lifestyles among European consumers are driving the demand for eco-friendly transportation solutions. The emphasis on reducing carbon footprints and embracing clean energy aligns with the goals of such passenger vehicles. Major automotive manufacturers are introducing a variety of such models, ranging from compact cars to luxury vehicles, catering to diverse consumer preferences. As European cities implement stricter emission regulations and low-emission zones, the popularity of such passenger vehicles is expected to soar, fostering a sustainable and eco-conscious automotive landscape in the region. Such factors will fuel the segment growth during the forecast period. 

Segment Overview

The market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  •  Application Outlook 
    • Passenger vehicle
    • Commercial vehicle
  • Type Outlook 
    • AC motor
    • DC motor

Market Analyst Overview 

The Europe EV Electric Motors Market faces dynamic challenges and opportunities within the automotive industry. Major players like Volkswagen Group, Daimler, and Ford Motors are driving year-on-year growth in the Battery Electric Vehicle (BEV) segment. Environmental concerns and government initiatives are accelerating investment plans, particularly in the development of Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). The focus on expanding EV charging infrastructure and providing tax reductions is evident. Additionally, German component manufacturer Mahle is contributing to the industry's growth, while supply chain challenges and the need for sustainable policies shape the future landscape. Overall, the market is witnessing a transformative shift towards electric mobility, with various stakeholders actively participating in advancing the electric motors market for electric vehicles.

Market Scope

Report Coverage

Details

Page number

159

Base year

2023

Historic period

 2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 13.78%

Market growth 2024-2028

USD 127.91 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

13.23

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., AMETEK Inc., Bayerische Motoren Werke AG, BorgWarner Inc., Continental AG, DENSO Corp., GEM motors d.o.o, Hitachi Ltd., Magna International Inc., Mitsubishi Electric Corp., Nidec Corp., Robert Bosch GmbH, Siemens AG, Tesla Inc., Toshiba Corp., Valeo SA, Ford Motor Co., General Motors Co., Renault SAS, and Volkswagen AG

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
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
  • Growth of the market industry across Europe
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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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 Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • 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 Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Europe: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)

    4 Historic Market Size

    • 4.1 Electric motors market for electric vehicle in Europe 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on electric motors market for electric vehicle in Europe 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 29: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 30: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 31: Chart on Comparison by Application
      • Exhibit 32: Data Table on Comparison by Application
    • 6.3 Passenger vehicle - Market size and forecast 2023-2028
      • Exhibit 33: Chart on Passenger vehicle - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 34: Data Table on Passenger vehicle - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Chart on Passenger vehicle - Year-over-year growth 2023-2028 (%)
      • Exhibit 36: Data Table on Passenger vehicle - Year-over-year growth 2023-2028 (%)
    • 6.4 Commercial vehicle - Market size and forecast 2023-2028
      • Exhibit 37: Chart on Commercial vehicle - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 38: Data Table on Commercial vehicle - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Chart on Commercial vehicle - Year-over-year growth 2023-2028 (%)
      • Exhibit 40: Data Table on Commercial vehicle - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 41: Market opportunity by Application ($ billion)
      • Exhibit 42: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 43: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 44: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 45: Chart on Comparison by Type
      • Exhibit 46: Data Table on Comparison by Type
    • 7.3 AC motor - Market size and forecast 2023-2028
      • Exhibit 47: Chart on AC motor - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Data Table on AC motor - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Chart on AC motor - Year-over-year growth 2023-2028 (%)
      • Exhibit 50: Data Table on AC motor - Year-over-year growth 2023-2028 (%)
    • 7.4 DC motor - Market size and forecast 2023-2028
      • Exhibit 51: Chart on DC motor - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Data Table on DC motor - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Chart on DC motor - Year-over-year growth 2023-2028 (%)
      • Exhibit 54: Data Table on DC motor - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 55: Market opportunity by Type ($ billion)
      • Exhibit 56: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 58: Chart on Market share by geography - 2023-2028 (%)
      • Exhibit 59: Data Table on Market share by geography - 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 60: Chart on Geographic comparison
      • Exhibit 61: Data Table on Geographic comparison
    • 9.3 Germany - Market size and forecast 2023-2028
      • Exhibit 62: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 63: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 64: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 65: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.4 UK - Market size and forecast 2023-2028
      • Exhibit 66: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 67: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 69: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.5 Italy - Market size and forecast 2023-2028
      • Exhibit 70: Chart on Italy - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 71: Data Table on Italy - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Chart on Italy - Year-over-year growth 2023-2028 (%)
      • Exhibit 73: Data Table on Italy - Year-over-year growth 2023-2028 (%)
    • 9.6 France - Market size and forecast 2023-2028
      • Exhibit 74: Chart on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 75: Data Table on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Chart on France - Year-over-year growth 2023-2028 (%)
      • Exhibit 77: Data Table on France - Year-over-year growth 2023-2028 (%)
    • 9.7 Rest of Europe - Market size and forecast 2023-2028
      • Exhibit 78: Chart on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 79: Data Table on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Chart on Rest of Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 81: Data Table on Rest of Europe - Year-over-year growth 2023-2028 (%)
    • 9.8 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ billion)
      • Exhibit 83: Data Table on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 84: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 85: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 86: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 87: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 88: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 89: Matrix on vendor position and classification
            • 12.3 Bayerische Motoren Werke AG
              • Exhibit 90: Bayerische Motoren Werke AG - Overview
              • Exhibit 91: Bayerische Motoren Werke AG - Business segments
              • Exhibit 92: Bayerische Motoren Werke AG - Key news
              • Exhibit 93: Bayerische Motoren Werke AG - Key offerings
              • Exhibit 94: Bayerische Motoren Werke AG - Segment focus
            • 12.4 BorgWarner Inc.
              • Exhibit 95: BorgWarner Inc. - Overview
              • Exhibit 96: BorgWarner Inc. - Business segments
              • Exhibit 97: BorgWarner Inc. - Key offerings
              • Exhibit 98: BorgWarner Inc. - Segment focus
            • 12.5 Continental AG
              • Exhibit 99: Continental AG - Overview
              • Exhibit 100: Continental AG - Business segments
              • Exhibit 101: Continental AG - Key news
              • Exhibit 102: Continental AG - Key offerings
              • Exhibit 103: Continental AG - Segment focus
            • 12.6 DENSO Corp.
              • Exhibit 104: DENSO Corp. - Overview
              • Exhibit 105: DENSO Corp. - Business segments
              • Exhibit 106: DENSO Corp. - Key news
              • Exhibit 107: DENSO Corp. - Key offerings
              • Exhibit 108: DENSO Corp. - Segment focus
            • 12.7 Ford Motor Co.
              • Exhibit 109: Ford Motor Co. - Overview
              • Exhibit 110: Ford Motor Co. - Business segments
              • Exhibit 111: Ford Motor Co. - Key news
              • Exhibit 112: Ford Motor Co. - Key offerings
              • Exhibit 113: Ford Motor Co. - Segment focus
            • 12.8 General Motors Co.
              • Exhibit 114: General Motors Co. - Overview
              • Exhibit 115: General Motors Co. - Business segments
              • Exhibit 116: General Motors Co. - Key news
              • Exhibit 117: General Motors Co. - Key offerings
              • Exhibit 118: General Motors Co. - Segment focus
            • 12.9 Hitachi Ltd.
              • Exhibit 119: Hitachi Ltd. - Overview
              • Exhibit 120: Hitachi Ltd. - Business segments
              • Exhibit 121: Hitachi Ltd. - Key news
              • Exhibit 122: Hitachi Ltd. - Key offerings
              • Exhibit 123: Hitachi Ltd. - Segment focus
            • 12.10 Magna International Inc.
              • Exhibit 124: Magna International Inc. - Overview
              • Exhibit 125: Magna International Inc. - Business segments
              • Exhibit 126: Magna International Inc. - Key news
              • Exhibit 127: Magna International Inc. - Key offerings
              • Exhibit 128: Magna International Inc. - Segment focus
            • 12.11 Mitsubishi Electric Corp.
              • Exhibit 129: Mitsubishi Electric Corp. - Overview
              • Exhibit 130: Mitsubishi Electric Corp. - Business segments
              • Exhibit 131: Mitsubishi Electric Corp. - Key news
              • Exhibit 132: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 133: Mitsubishi Electric Corp. - Segment focus
            • 12.12 Renault SAS
              • Exhibit 134: Renault SAS - Overview
              • Exhibit 135: Renault SAS - Product / Service
              • Exhibit 136: Renault SAS - Key news
              • Exhibit 137: Renault SAS - Key offerings
            • 12.13 Robert Bosch GmbH
              • Exhibit 138: Robert Bosch GmbH - Overview
              • Exhibit 139: Robert Bosch GmbH - Business segments
              • Exhibit 140: Robert Bosch GmbH - Key news
              • Exhibit 141: Robert Bosch GmbH - Key offerings
              • Exhibit 142: Robert Bosch GmbH - Segment focus
            • 12.14 Siemens AG
              • Exhibit 143: Siemens AG - Overview
              • Exhibit 144: Siemens AG - Business segments
              • Exhibit 145: Siemens AG - Key news
              • Exhibit 146: Siemens AG - Key offerings
              • Exhibit 147: Siemens AG - Segment focus
            • 12.15 Toshiba Corp.
              • Exhibit 148: Toshiba Corp. - Overview
              • Exhibit 149: Toshiba Corp. - Business segments
              • Exhibit 150: Toshiba Corp. - Key news
              • Exhibit 151: Toshiba Corp. - Key offerings
              • Exhibit 152: Toshiba Corp. - Segment focus
            • 12.16 Valeo SA
              • Exhibit 153: Valeo SA - Overview
              • Exhibit 154: Valeo SA - Business segments
              • Exhibit 155: Valeo SA - Key news
              • Exhibit 156: Valeo SA - Key offerings
              • Exhibit 157: Valeo SA - Segment focus
            • 12.17 Volkswagen AG
              • Exhibit 158: Volkswagen AG - Overview
              • Exhibit 159: Volkswagen AG - Business segments
              • Exhibit 160: Volkswagen AG - Key offerings
              • Exhibit 161: Volkswagen AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 162: Inclusions checklist
                • Exhibit 163: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 164: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 165: Research methodology
                • Exhibit 166: Validation techniques employed for market sizing
                • Exhibit 167: Information sources
              • 13.5 List of abbreviations
                • Exhibit 168: 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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