Juicer Market by Product, End-user, and Region - Forecast and Analysis 2023-2027

Published: Dec 2022

Pages: 168

SKU: IRTNTR40569

Snapshot

The juicer market is estimated to decline at a CAGR of 18.41% and the size of the market is forecasted to decrease by USD 2,346.13 million between 2022 and 2027. The growth of the market depends on several factors, including rapid urbanization and changing lifestyles of consumers, rise in the number of juice bars, and an increase in the discretionary incomes of consumers.

This report extensively covers market segmentation by product (centrifugal juicer, masticating juicer, and triturating juicer), end-user (residential and commercial), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

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

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Parent Market Analysis

The reports categorize the global juicer market as a part of the global household appliances market, which covers the manufacturers of electric household appliances and related products. Household appliances include power and hand tools, including garden improvement tools. Technavio calculates the global household durables market size based on the combined revenue generated by the manufacturers or marketers of consumer electronics, home furnishings, decorative products, household appliances, homebuilding, homeware, and specialty products. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Juicer Market: Key Drivers, Trends, Challenges, and Customer Landscape

Rapid urbanization and changing lifestyles of consumers are notably driving market growth, although factors such as fluctuations in raw material prices and operational costs may impede market growth. Our researchers analyzed the data with 2022 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 Juicer Market Driver

The juicer market is growing due to rapid urbanization and changing consumer lifestyles, particularly in developing countries in APAC where economic growth has led to an increase in disposable incomes. Urban populations and consumers in emerging economies with higher purchasing power are driving the market. Additionally, consumers' growing health consciousness and desire for alternative options to packaged food with preservatives and chemicals are expected to further drive market growth.

Significant Juicer Market Trend

An important trend in the juicer market is the focus on energy-efficient and lightweight products. Residential and commercial end-users are looking for energy-efficient products to reduce costs and save energy, and manufacturers are responding by incorporating energy-efficient equipment and technologies into production and offering energy-efficient products. Additionally, there is a growing demand for products that are energy-efficient and emit fewer harmful substances. Increasing awareness of climate change, growing focus on environmental issues, and rising energy prices are driving demand for lightweight juicers. The use of lightweight materials helps manufacturers reduce the weight and size of juicers and comply with environmental regulations, which is expected to drive market growth in the forecast period.

Major Juicer Market Challenge

Fluctuations in raw material prices and operational costs can impede the growth of the juicer market. These fluctuations can increase the prices of juicers and reduce the profit margins of manufacturers. Additionally, the volatility in the prices of raw materials used in the manufacturing of juicers, such as steel, iron, plastic, glass, electronic equipment, and paint, can increase the prices of juicers. Transportation costs also play a role, as fluctuations in fuel prices can increase the costs of transportation and make local brands more appealing to consumers. These challenges are expected to negatively impact the growth of the global juicer market.

Key Juicer Market Customer Landscape

The 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 growth strategies.

Global Juicer Market Customer Landscape

Who are the Major Juicer Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product launches, to enhance their presence in the market.

AB Electrolux - The company offers different types of juicers, which ensures fast, fresh, and simple blends.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What are the Fastest-Growing Segments in the Juicer Market?

The market share growth by the centrifugal juicer segment will be significant during the forecast period. Centrifugal juicers are the most widely used juicers across the world, especially among residential users. They are more effective when compared to other juicers, as they can churn fruits and vegetables at high speed. In addition, centrifugal juicers are cost-effective, which is one of the main reasons for their high adoption in household applications.

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The centrifugal juicer segment showed a gradual increase in the market share of USD 173.13 million in 2017 and continued to grow by 2021. With the high acceptance of centrifugal juicers in residential applications, vendors are focusing on providing technologically advanced juicers with multiple functions. For instance, Philips offers the Philips Avance centrifugal juicer that has FiberBoost technology, which can adjust the fiber content of the juice to make the juice thicker. Thus, the incorporation of advanced technologies is likely to attract more consumers, which will further drive the growth of this segment during the forecast period.

Which are the Key Regions for the Juicer Market?

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APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The rising income of the middle-class population has increased the spending power of consumers in APAC, which is driving the growth of the market in the region. APAC is expected to be the fastest-growing region during the forecast period owing to the health and wellness trend, particularly in emerging economies such as China and India. The demand for smoothies and juices made of fruits and vegetables is increasing, which will further propel the growth of the juicer market in APAC during the forecast period.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. In 2020, the outbreak of COVID-19 negatively impacted the overall trade and economy of APAC. However, the lifting of lockdown restrictions and extensive vaccination drives led to the resumption of operations, which increased the demand for juicers in the region. In addition, the need for healthier immune systems increased the demand for juicers. Such factors are expected to fuel the growth of the juicer market in APAC during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by product, end-user, and geography.

Product Outlook (USD Million, 2017 - 2027)
- Centrifugal juicer
- Masticating juicer
- Triturating juicer

End-user Outlook (USD Million, 2017 - 2027)
- Residential
- Commercial
Region Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa
- South America
  - Argentina
  - Brazil
  - Chile

Juicer Market Scope
Report Coverage	Details
Page number	168
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Decelerate at a CAGR of 18.41%
Market growth 2023-2027	USD 2,346.13 million
Market structure	Fragmented
YoY growth 2022-2023(%)	26.56
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 41%
Key countries	US, China, India, UK, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	AB Electrolux, Bajaj Electricals Ltd., Borosil Ltd., Breville USA Inc., Cuisinart, DeLonghi Spa, Donlim, Hamilton Beach Brands Holding Co., Havells India Ltd., Hurom America Inc., Joyoung Co. Ltd., Koninklijke Philips NV, Kuvings, Midea India Pvt. Ltd., Newell Brands Inc., Omega Juicers, Panasonic Holdings Corp., SEB SA Co., Treasure Retail Pvt. Ltd., and TTK Prestige Ltd.
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 Juicer Market Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the juicer market between 2023 and 2027
Precise estimation of the size of the juicer market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of juicer market vendors

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Table of Contents

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 Product
- 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 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global juicer market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global juicer market 2017 - 2021 ($ million)

4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product

6.3 Centrifugal juicer - Market size and forecast 2022-2027
- Exhibit 34: Chart on Centrifugal juicer - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Centrifugal juicer - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Centrifugal juicer - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Centrifugal juicer - Year-over-year growth 2022-2027 (%)

6.4 Masticating juicer - Market size and forecast 2022-2027
- Exhibit 38: Chart on Masticating juicer - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Masticating juicer - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Masticating juicer - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Masticating juicer - Year-over-year growth 2022-2027 (%)

6.5 Triturating juicer - Market size and forecast 2022-2027
- Exhibit 42: Chart on Triturating juicer - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Triturating juicer - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Triturating juicer - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Triturating juicer - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Product
- Exhibit 46: Market opportunity by Product ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)

7.2 Comparison by End-user
- Exhibit 49: Chart on Comparison by End-user
- Exhibit 50: Data Table on Comparison by End-user

7.3 Residential - Market size and forecast 2022-2027
- Exhibit 51: Chart on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Residential - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Residential - Year-over-year growth 2022-2027 (%)

7.4 Commercial - Market size and forecast 2022-2027
- Exhibit 55: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Commercial - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by End-user
- Exhibit 59: Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 61: Chart on Market share by geography 2022-2027 (%)
- Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 63: Chart on Geographic comparison
- Exhibit 64: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027
- Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 North America - Market size and forecast 2022-2027
- Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027
- Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027
- Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 India - Market size and forecast 2022-2027
- Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)

9.11 UK - Market size and forecast 2022-2027
- Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.12 Germany - Market size and forecast 2022-2027
- Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 105: 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 106: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 108: Overview on factors of disruption

11.4 Industry risks
- Exhibit 109: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 110: Vendors covered

12.2 Market positioning of vendors
- Exhibit 111: Matrix on vendor position and classification

12.3 AB Electrolux
- Exhibit 112: AB Electrolux - Overview
- Exhibit 113: AB Electrolux - Business segments
- Exhibit 114: AB Electrolux - Key offerings
- Exhibit 115: AB Electrolux - Segment focus

12.4 Bajaj Electricals Ltd.
- Exhibit 116: Bajaj Electricals Ltd. - Overview
- Exhibit 117: Bajaj Electricals Ltd. - Business segments
- Exhibit 118: Bajaj Electricals Ltd. - Key news
- Exhibit 119: Bajaj Electricals Ltd. - Key offerings
- Exhibit 120: Bajaj Electricals Ltd. - Segment focus

12.5 Breville USA Inc.
- Exhibit 121: Breville USA Inc. - Overview
- Exhibit 122: Breville USA Inc. - Product / Service
- Exhibit 123: Breville USA Inc. - Key offerings

12.6 Cuisinart
- Exhibit 124: Cuisinart - Overview
- Exhibit 125: Cuisinart - Product / Service
- Exhibit 126: Cuisinart - Key offerings

12.7 DeLonghi Spa
- Exhibit 127: DeLonghi Spa - Overview
- Exhibit 128: DeLonghi Spa - Business segments
- Exhibit 129: DeLonghi Spa - Key news
- Exhibit 130: DeLonghi Spa - Key offerings
- Exhibit 131: DeLonghi Spa - Segment focus

12.8 Donlim
- Exhibit 132: Donlim - Overview
- Exhibit 133: Donlim - Product / Service
- Exhibit 134: Donlim - Key offerings

12.9 Hamilton Beach Brands Holding Co.
- Exhibit 135: Hamilton Beach Brands Holding Co. - Overview
- Exhibit 136: Hamilton Beach Brands Holding Co. - Product / Service
- Exhibit 137: Hamilton Beach Brands Holding Co. - Key news
- Exhibit 138: Hamilton Beach Brands Holding Co. - Key offerings

12.10 Hurom America Inc.
- Exhibit 139: Hurom America Inc. - Overview
- Exhibit 140: Hurom America Inc. - Product / Service
- Exhibit 141: Hurom America Inc. - Key offerings

12.11 Joyoung Co. Ltd.
- Exhibit 142: Joyoung Co. Ltd. - Overview
- Exhibit 143: Joyoung Co. Ltd. - Product / Service
- Exhibit 144: Joyoung Co. Ltd. - Key offerings

12.12 Koninklijke Philips NV
- Exhibit 145: Koninklijke Philips NV - Overview
- Exhibit 146: Koninklijke Philips NV - Business segments
- Exhibit 147: Koninklijke Philips NV - Key news
- Exhibit 148: Koninklijke Philips NV - Key offerings
- Exhibit 149: Koninklijke Philips NV - Segment focus

12.13 Kuvings
- Exhibit 150: Kuvings - Overview
- Exhibit 151: Kuvings - Product / Service
- Exhibit 152: Kuvings - Key offerings

12.14 Midea India Pvt. Ltd.
- Exhibit 153: Midea India Pvt. Ltd. - Overview
- Exhibit 154: Midea India Pvt. Ltd. - Product / Service
- Exhibit 155: Midea India Pvt. Ltd. - Key offerings

12.15 Newell Brands Inc.
- Exhibit 156: Newell Brands Inc. - Overview
- Exhibit 157: Newell Brands Inc. - Business segments
- Exhibit 158: Newell Brands Inc. - Key news
- Exhibit 159: Newell Brands Inc. - Key offerings
- Exhibit 160: Newell Brands Inc. - Segment focus

12.16 Omega Juicers
- Exhibit 161: Omega Juicers - Overview
- Exhibit 162: Omega Juicers - Product / Service
- Exhibit 163: Omega Juicers - Key offerings

12.17 SEB SA Co.
- Exhibit 164: SEB SA Co. - Overview
- Exhibit 165: SEB SA Co. - Business segments
- Exhibit 166: SEB SA Co. - Key news
- Exhibit 167: SEB SA Co. - Key offerings
- Exhibit 168: SEB SA Co. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 169: Inclusions checklist
- Exhibit 170: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 171: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 172: Research methodology
- Exhibit 173: Validation techniques employed for market sizing
- Exhibit 174: Information sources

13.5 List of abbreviations
- Exhibit 175: List of abbreviations

Methodology

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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