Industrial Food Slicers Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Jul 2022 Pages: 140 SKU: IRTNTR73895

The industrial food slicers market share is expected to increase to USD 119.04 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.65%.

This industrial food slicers market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial food slicers market segmentation by application (fruits and vegetables (excluding potatoes), meat and poultry, potatoes, and others) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The industrial food slicers market report also offers information on several market vendors, including ABM FOOD EQUIPMENT, APS Industries, BIRO Manufacturing Co., DADAUX SAS, Dutch TecSource B.V., EMURA FOOD MACHINE Co. Ltd., FAM NV, FIBOSA, Food Technology Thielemann GmbH and Co. KG, GEA Group Aktiengesellschaft, GHD Georg Hartmann Maschinenbau GmbH, Grasselli Spa, Havantec Food Equipment BV, holac Maschinenbau GmbH, ITW Food Equipment Group, JBT FTNON BV, KRONEN GmbH, Marel TREIF GmbH, Urschel Laboratories Inc., and Weber Maschinenbau GmbH among others.

What will the Industrial Food Slicers Market Size be During the Forecast Period?

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Industrial Food Slicers Market: Key Drivers, Trends, and Challenges

The growing demand for processed and packaged food products is notably driving the industrial food slicers market growth, although factors such as the high raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial food slicers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial Food Slicers Market Driver

One of the key factors driving growth in the industrial food slicers market is the growing demand for processed and packaged food products. Food safety requirements and the inclination toward packaged food products are growing globally. Processed food products are prepared by various physical and chemical treatments in food processing plants. Processed food products are also available in frozen forms, which helps in ensuring the safety of food products. Processed food products also tend to have a higher shelf life compared with those products prepared fresh. Processed and packaged food products are likely to witness an increase in demand mainly because these food products are convenient foods. The increase in demand will also encourage food processing plants to increase their offerings, which may, in turn, create a need for expanding production capacity and investing in new units of food processing equipment such as industrial food slicers.

Key Industrial Food Slicers Market Trend

The increasing focus on precision slicing and food consistency is a key industrial food slicers market trend that is expected to have a positive impact in the coming years. Most end-users in the food processing industry prefer processing equipment that offers consistent quality and shapes for food products. Many end-users offer packaged food products in sliced forms. Hence, end-users need to maintain consistency in the thickness and size of each slice offered to consumers. Food manufacturers need to maintain the exact pack weight for retail sales. End-users in the food processing industry can be highly benefited from investments in industrial food slicers with improved features such as precision slicing. Owing to the increase in focus on precision slicing and food consistency, the global industrial food slicers market is expected to grow.

Key Industrial Food Slicers Market Challenge

The high raw material prices will be a major challenge for the industrial food slicers market during the forecast period. Vendors are highly dependent on stainless steel for manufacturing industrial food slicers. Also, the high prices of stainless steel can influence the profit margins of vendors. The prices of stainless steel are influenced by various factors, including natural disasters and the global economy. With the increasing demand for stainless steel in the market and declining steel production, the chances of an increase in steel prices are higher. This is expected to increase the manufacturing cost for vendors of industrial food slicers during the forecast period. Vendors will be forced to increase the prices of industrial food slicers in the market, making consumers reluctant to purchase them.

This industrial food slicers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global industrial food slicers market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial food slicers market during the forecast period.

Who are the Major Industrial Food Slicers Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ABM FOOD EQUIPMENT
  • APS Industries
  • BIRO Manufacturing Co.
  • DADAUX SAS
  • Dutch TecSource B.V.
  • EMURA FOOD MACHINE Co. Ltd.
  • FAM NV
  • FIBOSA
  • Food Technology Thielemann GmbH and Co. KG
  • GEA Group Aktiengesellschaft
  • GHD Georg Hartmann Maschinenbau GmbH
  • Grasselli Spa
  • Havantec Food Equipment BV
  • holac Maschinenbau GmbH
  • ITW Food Equipment Group
  • JBT FTNON BV
  • KRONEN GmbH
  • Marel TREIF GmbH
  • Urschel Laboratories Inc.
  • Weber Maschinenbau GmbH

 

This statistical study of the industrial food slicers market encompasses successful business strategies deployed by the key vendors. The industrial food slicers market is fragmented and the vendors are deploying growth strategies such as focusing on developing industrial food slicers with technologically improved features to balance the growing demand for equipment among food processing plants to compete in the market.

Product Insights and News

  • ABM FOOD EQUIPMENT - ABM FOOD EQUIPMENT is a privately held company headquartered in Canada. It is a regional company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global industrial food slicers market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • ABM FOOD EQUIPMENT - The company offers hobart manual meat Slicer HS6N 1 which comes with knife of around 13-inch length, thus designed to cut meat slices. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial food slicers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Industrial Food Slicers Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the industrial food slicers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Industrial Food Slicers Market?

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35% of the market's growth will originate from North America during the forecast period. The US is the key market for industrial food slicers in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.

The demand for processed food products as well as the increasing demand for processed food exports from various countries in the region will facilitate the industrial food slicers market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The rapid spread of COVID-19 negatively impacted the industrial food slicers market in North America in 2020. The exponential rise in the number of patients with COVID-19 led to the imposition of lockdowns in several countries, including the US, Canada, and Mexico. However, in 2021, the combination of accelerated vaccine administration and the further easing of lockdown measures boosted the expectations of the industrial food slicers industry in the region.

What are the Revenue-generating Application Segments in the Industrial Food Slicers Market?

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The industrial food slicers market share growth in the fruits and vegetables (excluding potatoes) segment will be significant during the forecast period. Fruits and vegetables are rich sources of vitamins, antioxidants, and other nutritional compounds. Hence, the growing inclination toward packaged and processed food products will enable food manufacturers to expand their production capacity, open new facilities in various countries, and launch new fruit- or vegetable-based food products. Many vendors offer industrial food slicers for end-users in the fruits and vegetable processing industry. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial food slicers market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Industrial Food Slicers Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.65%

Market growth 2022-2026

$119.04 million

Market structure

Fragmented

YoY growth (%)

7.94

Regional analysis

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

Performing market contribution

North America at 35%

Key consumer countries

US, China, The Netherlands, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABM FOOD EQUIPMENT, APS Industries, BIRO Manufacturing Co., DADAUX SAS, Dutch TecSource B.V., EMURA FOOD MACHINE Co. Ltd., FAM NV, FIBOSA, Food Technology Thielemann GmbH and Co. KG, GEA Group Aktiengesellschaft, GHD Georg Hartmann Maschinenbau GmbH, Grasselli Spa, Havantec Food Equipment BV, holac Maschinenbau GmbH, ITW Food Equipment Group, JBT FTNON BV, KRONEN GmbH, Marel TREIF GmbH, Urschel Laboratories Inc., and Weber Maschinenbau GmbH

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, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Industrial Food Slicers Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive industrial food slicers market growth during the next five years
  • Precise estimation of the industrial food slicers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial food slicers industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial food slicers market vendors

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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 Global 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 Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Fruits and vegetables (excluding potatoes) - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Fruits and vegetables (excluding potatoes) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Fruits and vegetables (excluding potatoes) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Fruits and vegetables (excluding potatoes) - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Fruits and vegetables (excluding potatoes) - Year-over-year growth 2021-2026 (%)
    • 5.4 Meat and poultry - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Meat and poultry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Meat and poultry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Meat and poultry - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Meat and poultry - Year-over-year growth 2021-2026 (%)
    • 5.5 Potatoes - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Potatoes - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Potatoes - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Potatoes - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Potatoes - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Application
      • Exhibit 44: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 The Netherlands - Market size and forecast 2021-2026
      • Exhibit 74: Chart on The Netherlands - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on The Netherlands - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on The Netherlands - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on The Netherlands - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 France - Market size and forecast 2021-2026
      • Exhibit 86: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 ABM FOOD EQUIPMENT
              • Exhibit 97: ABM FOOD EQUIPMENT - Overview
              • Exhibit 98: ABM FOOD EQUIPMENT - Product / Service
              • Exhibit 99: ABM FOOD EQUIPMENT - Key offerings
            • 10.4 APS Industries
              • Exhibit 100: APS Industries - Overview
              • Exhibit 101: APS Industries - Product / Service
              • Exhibit 102: APS Industries - Key offerings
            • 10.5 BIRO Manufacturing Co.
              • Exhibit 103: BIRO Manufacturing Co. - Overview
              • Exhibit 104: BIRO Manufacturing Co. - Product / Service
              • Exhibit 105: BIRO Manufacturing Co. - Key offerings
            • 10.6 EMURA FOOD MACHINE Co. Ltd.
              • Exhibit 106: EMURA FOOD MACHINE Co. Ltd. - Overview
              • Exhibit 107: EMURA FOOD MACHINE Co. Ltd. - Product / Service
              • Exhibit 108: EMURA FOOD MACHINE Co. Ltd. - Key offerings
            • 10.7 FAM NV
              • Exhibit 109: FAM NV - Overview
              • Exhibit 110: FAM NV - Product / Service
              • Exhibit 111: FAM NV - Key offerings
            • 10.8 FIBOSA
              • Exhibit 112: FIBOSA - Overview
              • Exhibit 113: FIBOSA - Product / Service
              • Exhibit 114: FIBOSA - Key offerings
            • 10.9 GEA Group Aktiengesellschaft
              • Exhibit 115: GEA Group Aktiengesellschaft - Overview
              • Exhibit 116: GEA Group Aktiengesellschaft - Business segments
              • Exhibit 117: GEA Group Aktiengesellschaft - Key news
              • Exhibit 118: GEA Group Aktiengesellschaft - Key offerings
              • Exhibit 119: GEA Group Aktiengesellschaft - Segment focus
            • 10.10 Marel TREIF GmbH
              • Exhibit 120: Marel TREIF GmbH - Overview
              • Exhibit 121: Marel TREIF GmbH - Product / Service
              • Exhibit 122: Marel TREIF GmbH - Key offerings
            • 10.11 Urschel Laboratories Inc.
              • Exhibit 123: Urschel Laboratories Inc. - Overview
              • Exhibit 124: Urschel Laboratories Inc. - Product / Service
              • Exhibit 125: Urschel Laboratories Inc. - Key offerings
            • 10.12 Weber Maschinenbau GmbH
              • Exhibit 126: Weber Maschinenbau GmbH - Overview
              • Exhibit 127: Weber Maschinenbau GmbH - Product / Service
              • Exhibit 128: Weber Maschinenbau GmbH - Key news
              • Exhibit 129: Weber Maschinenbau GmbH - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 130: Inclusions checklist
                • Exhibit 131: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 132: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 133: Research methodology
                • Exhibit 134: Validation techniques employed for market sizing
                • Exhibit 135: Information sources
              • 11.5 List of abbreviations
                • Exhibit 136: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  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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                  • What are the factors influencing the growth of the parent market?

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