Industrial Weighing Machine Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Apr 2022 Pages: 120 SKU: IRTNTR73263

The industrial weighing machine market share is expected to increase to USD 711.9 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.88%.

This industrial weighing machine 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 weighing machine market segmentation by:

  • End-user - Manufacturing, transportation and logistics, food and beverages, chemicals, and others
  • Geography - APAC, North America, Europe, South America, and Middle East and Africa

What will the Industrial Weighing Machine Market Size be During the Forecast Period?

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Industrial Weighing Machine Market: Key Drivers, Trends, and Challenges

Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial weighing machine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial Weighing Machine Market Driver

One of the key factors driving growth in the industrial weighing machine market is the increasing demand for automated and digital weighing scales. With technological advances and increasing labor costs, automation is becoming the backbone of operational cost reduction. The ability of automated machines to perform tasks faster than humans, with high precision and almost zero errors, makes automation the new trend in the market. Automated weighing machines can be used in small or large-scale industries irrespective of the operation size. These automated systems will generate high profits by increasing productivity, reducing product loss, more accurate measurement of ingredients, and optimizing product quantities. All these advantages attract manufacturers to switch to automated weighing systems. With the increasing demand in sectors such as food and beverage, manufacturing, chemical, and mining industries, the global industrial weighing machine market is expected to experience high demand.

Key Industrial Weighing Machine Market Trend

The evolution of cloud-based industrial weighing is a key industrial weighing machine market trend that is expected to have a positive impact in the coming years. Manufacturers of industrial weighing machines are trying to come up with innovative and technologically advanced products to increase their market share as the market is heading toward maturity. The high Internet penetration and development of cloud technology have made even the industrial weighing machine manufacturers move toward adopting cloud technology in weighing machines. The prominent vendor in pharmaceutical compounding, Fagron, has introduced a PILOT weighing system by the FELTEN group. This system is integrated with Microsoft Dynamics AX ERP solution along with an IPC (in-process control) implemented in the PILOT. This is a fully automated system, which satisfies all the high standards and precision needs in industrial automation and is FDA-compliant for the pharmaceutical industry. These industrial weighing systems will gain traction in the coming years and, in turn, positively impact the market in focus during the forecast period.

Key Industrial Weighing Machine Market Challenge

The high market competition leading to price decline will be a major challenge for the industrial weighing machine market during the forecast periods. The global industrial weighing machine market is highly fragmented, with local, regional, and international vendors competing for market share. These machines are used in various segments, such as manufacturing, food and beverage, chemicals, logistics and transportation, and mining. In all these segments, there are multiple vendors competing for the sale of their products. The product life cycle of industrial weighing machines is high, varying from 5 to 25 years. This intensifies the competition for the manufacturers of weighing machines in the market as the sale is not frequent. However, the manufacturers try to overcome this situation by introducing technologically advanced and innovative products. In addition, the global industrial weighing machine market is maturing, which hinders the possibility of high sales in the market. This is a major challenge as the local and regional vendors will not be able to make profits with this low pricing.

This industrial weighing machine 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.

What are the Revenue-generating End-user Segments in the Industrial Weighing Machine Market?

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The industrial weighing machine market share growth by the manufacturing segment will be significant during the forecast period. The growth in various manufacturing sectors, such as automotive and textiles, are the major growth drivers for the segment. Industrial weighing machines are widely used in all industries as the quantity of raw materials added and the number of products produced need to be accounted for. With the connectivity of industrial weighing machines with computers and ERP systems, the efficiency of the entire manufacturing process can be increased exponentially. Also, the latest automated weighing machines allow the manufacturer to record the weight of raw materials periodically within the process flow without interrupting the production. There are many advanced weighing systems in the market, which help in improving the efficiency of the manufacturing units.

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

Which are the Key Regions for Industrial Weighing Machine Market?

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39% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial weighing machines in APAC. Market growth in this region will be faster than the growth of the market in other regions.

All the end-user segments such as manufacturing, transportation and logistics, food and beverage, chemical, and mining are expected to grow in this region. The industrial sector in this region is expected to have rapid growth owing to the developmental activities in countries such as China, India, and Indonesia. This will facilitate the industrial weighing machine market growth in APAC 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 outbreak of COVID-19 in the region negatively impacted the growth of the industrial weighing machine market in 2020. Several countries, such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, were under partial or complete lockdown in 2020 to contain the spread of the disease. However, in 2021, the lifting of lockdown restrictions and the resumption of various industrial activities, such as those in the chemical industry, will have a positive impact on the regional market in focus during the forecast period.

Who are the Major Industrial Weighing Machine Market Vendors?

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

  • A and D Co. Ltd.
  • ATRAX GROUP NZ LTD.
  • Bilwinco AS
  • CI Electronics Ltd.
  • D Brash and Sons Ltd.
  • Doran Scales Inc
  • Essae Teraoka Pvt. Ltd.
  • Fairbanks Scales Inc.
  • Illinois Tool Works Inc.
  • KERN and SOHN GmbH
  • Maguire Products
  • Mettler Toledo International Inc.
  • MinebeaMitsumi Inc.
  • Radwag Wagi Elektroniczne
  • Rice Lake Weighing Systems India Ltd.
  • Sansui Electronics Pvt. Ltd.
  • Sartorius AG
  • Shimadzu Corp.
  • Thompson Scale Co.

This statistical study of the industrial weighing machine market encompasses successful business strategies deployed by the key vendors. The industrial weighing machine market is fragmented and the vendors are deploying growth strategies such as focusing on coming up with high-quality, innovative products to attract customers to compete in the market.

Product Insights and News

  • aandd.jp - The company offers industrial weighing machines such as BM Series, A and D Apollo GX A, EJ Series.

  • aandd.jp - Under the measurement and weighing instruments segment, the company offers measurement and control simulation systems, noise and vibration comparators, A/D and D/A converters, electron guns, testing equipment, electronic balances, weight scales, bench scales, commercial scales, counting scales, weighing systems, indicators, and others.

To make the most of the opportunities and recover from 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 weighing machine 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 Weighing Machine Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.88%

Market growth 2022-2026

USD 711.9 million

Market structure

Fragmented

YoY growth (%)

3.92

Regional analysis

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

Performing market contribution

APAC at 39%

Key consumer countries

US, China, Japan, Marshall Islands, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

A and D Co. Ltd., ATRAX GROUP NZ LTD., Bilwinco AS, CI Electronics Ltd., D Brash and Sons Ltd., Doran Scales Inc, Essae Teraoka Pvt. Ltd., Fairbanks Scales Inc., Illinois Tool Works Inc., KERN and SOHN GmbH, Maguire Products, Mettler Toledo International Inc., MinebeaMitsumi Inc., Radwag Wagi Elektroniczne, Rice Lake Weighing Systems India Ltd., Sansui Electronics Pvt. Ltd., Sartorius AG, Shimadzu Corp., and Thompson Scale Co.

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

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What are the Key Data Covered in this Industrial Weighing Machine Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive industrial weighing machine market growth during the next five years
  • Precise estimation of the industrial weighing machine market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial weighing machine industry across APAC, North America, Europe, South America, and Middle East and Africa
  • 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 weighing machine 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 End-user
    • 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 between2021 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 End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Manufacturing - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Manufacturing - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Manufacturing - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Manufacturing - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Manufacturing - Year-over-year growth 2021-2026 (%)
    • 5.4 Transportation and logistics - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Transportation and logistics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Transportation and logistics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Transportation and logistics - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Transportation and logistics - Year-over-year growth 2021-2026 (%)
    • 5.5 Food and beverage - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Food and beverage - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Food and beverage - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Food and beverage - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Food and beverage - Year-over-year growth 2021-2026 (%)
    • 5.6 Chemicals - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Chemicals - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Chemicals - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Chemicals - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Chemicals - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 48: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 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 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 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 (%)
    • 7.10 Marshall Islands - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Marshall Islands - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Marshall Islands - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Marshall Islands - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Marshall Islands - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 Germany - Market size and forecast 2021-2026
      • Exhibit 90: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: 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 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 A and D Co. Ltd.
              • Exhibit 101: A and D Co. Ltd. - Overview
              • Exhibit 102: A and D Co. Ltd. - Business segments
              • Exhibit 103: A and D Co. Ltd. - Key offerings
              • Exhibit 104: A and D Co. Ltd. - Segment focus
            • 10.4 Bilwinco AS
              • Exhibit 105: Bilwinco AS - Overview
              • Exhibit 106: Bilwinco AS - Product / Service
              • Exhibit 107: Bilwinco AS - Key offerings
            • 10.5 CI Electronics Ltd.
              • Exhibit 108: CI Electronics Ltd. - Overview
              • Exhibit 109: CI Electronics Ltd. - Product / Service
              • Exhibit 110: CI Electronics Ltd. - Key offerings
            • 10.6 D Brash and Sons Ltd.
              • Exhibit 111: D Brash and Sons Ltd. - Overview
              • Exhibit 112: D Brash and Sons Ltd. - Product / Service
              • Exhibit 113: D Brash and Sons Ltd. - Key offerings
            • 10.7 Essae Teraoka Pvt. Ltd.
              • Exhibit 114: Essae Teraoka Pvt. Ltd. - Overview
              • Exhibit 115: Essae Teraoka Pvt. Ltd. - Product / Service
              • Exhibit 116: Essae Teraoka Pvt. Ltd. - Key offerings
            • 10.8 Fairbanks Scales Inc.
              • Exhibit 117: Fairbanks Scales Inc. - Overview
              • Exhibit 118: Fairbanks Scales Inc. - Product / Service
              • Exhibit 119: Fairbanks Scales Inc. - Key offerings
            • 10.9 Maguire Products
              • Exhibit 120: Maguire Products - Overview
              • Exhibit 121: Maguire Products - Product / Service
              • Exhibit 122: Maguire Products - Key offerings
            • 10.10 Mettler Toledo International Inc.
              • Exhibit 123: Mettler Toledo International Inc. - Overview
              • Exhibit 124: Mettler Toledo International Inc. - Business segments
              • Exhibit 125: Mettler Toledo International Inc. - Key offerings
              • Exhibit 126: Mettler Toledo International Inc. - Segment focus
            • 10.11 MinebeaMitsumi Inc.
              • Exhibit 127: MinebeaMitsumi Inc. - Overview
              • Exhibit 128: MinebeaMitsumi Inc. - Business segments
              • Exhibit 129: MinebeaMitsumi Inc. - Key news
              • Exhibit 130: MinebeaMitsumi Inc. - Key offerings
              • Exhibit 131: MinebeaMitsumi Inc. - Segment focus
            • 10.12 Radwag Wagi Elektroniczne
              • Exhibit 132: Radwag Wagi Elektroniczne - Overview
              • Exhibit 133: Radwag Wagi Elektroniczne - Product / Service
              • Exhibit 134: Radwag Wagi Elektroniczne - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 135: Inclusions checklist
                • Exhibit 136: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 137: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 138: Research methodology
                • Exhibit 139: Validation techniques employed for market sizing
                • Exhibit 140: Information sources
              • 11.5 List of abbreviations
                • Exhibit 141: 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 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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