Model Kits for Hobbyists Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Japan, UK, Germany - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 155 SKU: IRTNTR72102

Model Kits for Hobbyists Market Report 2023-2027 

The Model Kits for Hobbyists Market size is estimated to grow at a CAGR of 3.48% between 2022 and 2027. The market size is forecast to increase by USD 201.7 million. The growth of the market depends on several factors such as the growing disposable income of the middle-class population, the growing access to TV and the Internet for children, and the rise in online sales.

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This model kits for hobbyists market report extensively covers market segmentation by Type (automobiles, military vehicles, aircraft, ships, and others), End-user (beginner and professional), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 - 2021.

The automobile segment is estimated to witness significant growth during the forecast period. The market for hobbyist model kits is still largely dominated by automotive models and kits, reflecting enthusiasts' desire to recreate legendary vehicles. Classic vehicles such as the Ford Mustang and vintage European sports vehicles such as the Porsche 911 continue to be popular alternatives. 

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The automobile segment was the largest segment and was valued at USD 311.87 million in 2017. Intricate modification kits are also on the rise, allowing hobbyists to personalize their models with distinctive paint jobs, decals, and aftermarket parts. Technological developments have allowed these kits to give greater detail and realism, which has improved the entire experience of being an enthusiast. 

A significant trend in the hobbyist market for model kits is the increasing integration of movie and TV franchise tie-ins. This market, which includes collectibles, is globally expanding due to the release of major movie franchises worldwide. This growth, coupled with the rise of e-commerce, has led to an increased demand for licensing agents by licensors looking to enhance their global portfolios and enter new markets. The release of movie series within a single franchise, such as those by Marvel Entertainment, is driving higher demand for collectibles associated with these films, fueled by prolonged consumer exposure. With several Marvel Entertainment movies planned for the coming years, the demand for movie merchandise and model kits is expected to persist in the forecast period.

The model kits for hobbyists market faces a significant challenge due to increasing market fragmentation. The presence of both domestic and foreign players has created a moderately competitive global market. Local players play a substantial role by offering economically priced products that cater to the preferences of local consumers.

In addition, the market is further complicated by numerous unorganized players, including small- and mid-size handicraft manufacturers. These players, being unregistered, lack an official role in the market's growth. The intense competition is exacerbated by low product differentiation, necessitating constant innovation, conceptualization, licensing agreements, new content creation, and stocking of the latest designs. This challenge is expected to hinder the market's growth in the forecast period.

Model Kits For Hobbyists Market Regions

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North America is estimated to contribute 35% 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.

North America contributed the highest revenue share to the global model kits for hobbyists market. The US and Canada are major revenue contributors in this region. One of the major factors driving the regional market growth is the rise in the purchasing power of the middle-class population and the increase in the average disposable income of the entire population. Beginner end-users are also shifting their focus toward scientific and educational model kits, as playing with these model kits will result in the enhancement of knowledge among kids.

Therefore, vendors are introducing new model kits every year, including new aircraft and vintage classic car model kits. Therefore, the rising spending capacity of consumers and the presence of several prominent vendors are expected to propel the growth of the market in focus during the forecast period.

Key Companies and Market Share Model Kits for Hobbyists Market Analysis?

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.

Academy Plastic Model Co. Ltd.- The company offers model kits for hobbyists such as 13425 USMC M60A1 Rise, 15776S New God Phoenix, and 12324 SB2U 3 Battle of Midway.

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

  • ABER
  • Accurate Armour Ltd
  • Aoshima Bunka Kyozai Co. Ltd.
  • Arma Hobby S.C.
  • Dragon Models Ltd.
  • Hasegawa Corp.
  • Heller Hobby GmbH
  • Hong Kong Models Co. Ltd
  • Hornby Hobbies Ltd.
  • Italeri SpA
  • Moebius Models
  • Motormax Toy Factory Ltd.
  • Ningbo Weijun Culture Development Co. Ltd. 
  • Revell GmbH
  • Round2 Corp. LLC
  • Tamiya Inc.
  • TM MINIART MODELS
  • Waltersons Industries Group Ltd.
  • Yatai Electric Appliances Co. Ltd.

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.

Model Kits For Hobbyists Market Scope

Report Coverage

Details

Page number

155

Base year

2022

Historic period

2017 - 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.48%

Market growth 2023-2027

USD 201.7 million

Market structure

Fragmented

YoY growth 2022-2023(%)

3.26

Regional analysis

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

Performing market contribution

North America at 35%

Key countries

US, China, Japan, UK, and Germany

Competitive landscape

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

Key companies profiled

ABER, Academy Plastic Model Co. Ltd., Accurate Armour Ltd, Aoshima Bunka Kyozai Co. Ltd., Arma Hobby S.C., Dragon Models Ltd., Hasegawa Corp., Heller Hobby GmbH, Hong Kong Models Co. Ltd, Hornby Hobbies Ltd., Italeri SpA, Moebius Models, Motormax Toy Factory Ltd., Ningbo Weijun Culture Development Co. Ltd. , Revell GmbH, Round2 Corp. LLC, Tamiya Inc., TM MINIART MODELS, Waltersons Industries Group Ltd., and Yatai Electric Appliances Co. 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 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 Model Kits For Hobbyists Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • 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 trends and changes in consumer behaviour
  • Growth of the market industry across North America, Europe, APAC, South America, and Middle East and Africa
  • 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

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

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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 Type
    • 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 model kits for hobbyists market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global model kits for hobbyists market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type 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 Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Automobiles - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Automobiles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Automobiles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Automobiles - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Automobiles - Year-over-year growth 2022-2027 (%)
    • 6.4 Military vehicles - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Military vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Military vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Military vehicles - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Military vehicles - Year-over-year growth 2022-2027 (%)
    • 6.5 Aircraft - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Aircraft - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Aircraft - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Aircraft - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Aircraft - Year-over-year growth 2022-2027 (%)
    • 6.6 Ships - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Ships - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Ships - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Ships - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Ships - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Type
      • Exhibit 54: Market opportunity by Type ($ million)
      • Exhibit 55: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 56: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 58: Chart on Comparison by End-user
      • Exhibit 59: Data Table on Comparison by End-user
    • 7.3 Beginner - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Beginner - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Beginner - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Beginner - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Beginner - Year-over-year growth 2022-2027 (%)
    • 7.4 Professional - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Professional - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Professional - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Professional - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Professional - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by End-user
      • Exhibit 68: Market opportunity by End-user ($ million)
      • Exhibit 69: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 UK - Market size and forecast 2022-2027
      • Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 China - Market size and forecast 2022-2027
      • Exhibit 107: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Academy Plastic Model Co. Ltd.
              • Exhibit 123: Academy Plastic Model Co. Ltd. - Overview
              • Exhibit 124: Academy Plastic Model Co. Ltd. - Product / Service
              • Exhibit 125: Academy Plastic Model Co. Ltd. - Key offerings
            • 12.4 Aoshima Bunka Kyozai Co. Ltd.
              • Exhibit 126: Aoshima Bunka Kyozai Co. Ltd. - Overview
              • Exhibit 127: Aoshima Bunka Kyozai Co. Ltd. - Product / Service
              • Exhibit 128: Aoshima Bunka Kyozai Co. Ltd. - Key offerings
            • 12.5 Arma Hobby S.C.
              • Exhibit 129: Arma Hobby S.C. - Overview
              • Exhibit 130: Arma Hobby S.C. - Product / Service
              • Exhibit 131: Arma Hobby S.C. - Key offerings
            • 12.6 Dragon Models Ltd.
              • Exhibit 132: Dragon Models Ltd. - Overview
              • Exhibit 133: Dragon Models Ltd. - Product / Service
              • Exhibit 134: Dragon Models Ltd. - Key offerings
            • 12.7 Hasegawa Corp.
              • Exhibit 135: Hasegawa Corp. - Overview
              • Exhibit 136: Hasegawa Corp. - Product / Service
              • Exhibit 137: Hasegawa Corp. - Key offerings
            • 12.8 Heller Hobby GmbH
              • Exhibit 138: Heller Hobby GmbH - Overview
              • Exhibit 139: Heller Hobby GmbH - Product / Service
              • Exhibit 140: Heller Hobby GmbH - Key offerings
            • 12.9 Hornby Hobbies Ltd.
              • Exhibit 141: Hornby Hobbies Ltd. - Overview
              • Exhibit 142: Hornby Hobbies Ltd. - Product / Service
              • Exhibit 143: Hornby Hobbies Ltd. - Key offerings
            • 12.10 Italeri SpA
              • Exhibit 144: Italeri SpA - Overview
              • Exhibit 145: Italeri SpA - Product / Service
              • Exhibit 146: Italeri SpA - Key offerings
            • 12.11 Moebius Models
              • Exhibit 147: Moebius Models - Overview
              • Exhibit 148: Moebius Models - Product / Service
              • Exhibit 149: Moebius Models - Key offerings
            • 12.12 Motormax Toy Factory Ltd.
              • Exhibit 150: Motormax Toy Factory Ltd. - Overview
              • Exhibit 151: Motormax Toy Factory Ltd. - Product / Service
              • Exhibit 152: Motormax Toy Factory Ltd. - Key offerings
            • 12.13 Ningbo Weijun Culture Development Co. Ltd.
              • Exhibit 153: Ningbo Weijun Culture Development Co. Ltd.  - Overview
              • Exhibit 154: Ningbo Weijun Culture Development Co. Ltd.  - Product / Service
              • Exhibit 155: Ningbo Weijun Culture Development Co. Ltd.  - Key offerings
            • 12.14 Revell GmbH
              • Exhibit 156: Revell GmbH - Overview
              • Exhibit 157: Revell GmbH - Product / Service
              • Exhibit 158: Revell GmbH - Key offerings
            • 12.15 Round2 Corp. LLC
              • Exhibit 159: Round2 Corp. LLC - Overview
              • Exhibit 160: Round2 Corp. LLC - Product / Service
              • Exhibit 161: Round2 Corp. LLC - Key offerings
            • 12.16 Tamiya Inc.
              • Exhibit 162: Tamiya Inc. - Overview
              • Exhibit 163: Tamiya Inc. - Product / Service
              • Exhibit 164: Tamiya Inc. - Key offerings
            • 12.17 TM MINIART MODELS
              • Exhibit 165: TM MINIART MODELS - Overview
              • Exhibit 166: TM MINIART MODELS - Product / Service
              • Exhibit 167: TM MINIART MODELS - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 168: Inclusions checklist
                • Exhibit 169: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 170: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 171: Research methodology
                • Exhibit 172: Validation techniques employed for market sizing
                • Exhibit 173: Information sources
              • 13.5 List of abbreviations
                • Exhibit 174: 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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