Road Transportation Fuel Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: May 2022 Pages: 145 SKU: IRTNTR73500

“The Road Transportation Fuel Market is poised to grow by USD 192.84 billion during 2022-2026, accelerating at a CAGR of 1.87% during the forecast period”

Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors. The road transportation fuel market has been broadly categorized into the following demographic segmentations:

  • End-user - Gasoline, diesel, biofuels, and natural gas
  • Geography - APAC, North America, Europe, Middle East and Africa, and South America

The market report also offers information on several market vendors, including Acciona SA, AVRIL SCA, Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., China Petrochemical Corp., Chubb Ltd., CNG Fuels Ltd., Dangote Industries Ltd., Eni Spa, Equinor ASA, Exxon Mobil Corp., Green Plains Inc., Hindustan Petroleum Corp. Ltd., Indian Oil Corp. Ltd., Kuwait National Petroleum Co., PJSC LUKOIL, Reliance Industries Ltd., Shell plc, and TotalEnergies SE among others.

What will the Road Transportation Fuel Market Size be During the Forecast Period?

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Parent Market Analysis

Our Technavio Research categorizes the report belonging to Oil, Gas and Consumable Fuels Industry for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.

Road Transportation Fuel Market: Key Drivers, Trends, and Challenges

Technavio Research categorizes the global Road Transportation Fuel Market belonging to the Energy Industry. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

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 forecast year.

The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.

Key Road Transportation Fuel Market Driver

  • The growth in the number of automobiles on roads is one of the key drivers supporting the road transportation fuel market growth. 
  • Automobiles have become a necessity as they act as bridges to connect people and enable the transportation of goods and services. They are mostly used for transporting people from one place to another.
  • Increasing population and urbanization across the globe have a positive impact on the infrastructure development of the transportation sector, which encourage automobile companies to produce more vehicles.
  • Many automobile manufacturers are entering new geographies by launching attractive vehicle models. For instance, Tesla, Citroen, and Great Wall Motor are also planning to enter the Indian automotive market by launching their respective car models in the upcoming year.
  • The growth of the automobile sector will spur demand for transportation fuel. Therefore, growing automobile production volumes and players entering new markets will spur demand for road transportation fuel and support the growth of the market during the forecast period.

Key Road Transportation Fuel Market Trend

  • The adoption of bio-based and clean fuels is one of the key road transportation fuel market trends contributing to the market growth.
  • The combustion of transportation fuels derived from fossil fuels is contributing significantly to global CO2 emissions, thereby increasing greenhouse gas effects. However, biofuels are especially used to reduce vehicle emissions.
  • Biofuels are usually mixed with fossil fuels and used as additives. The most commonly used biofuel in vehicles is ethanol and biomass-based diesel.
  • According to the US EIA, biomass-based diesel production in the US is expected to grow to 160,000 BPD in 2020 from 120,000 BPD in 2018. Diesel fuel consumption in the US, which includes biomass-based diesel, is expected to grow to 3.9 million BPD in 2020 from 3.8 million BPD in 2018 amid growing consumption as a blend in diesel fuel. Thus, increased consumption of biofuels in vehicles will boost the global road transportation fuel market during the forecast period.

Key Road Transportation Fuel Market Challenge

  • Fluctuations in global oil and gas prices is one of the factors challenging the road transportation fuel market growth. 
  • The price of crude oil keeps fluctuating constantly and is negatively impacted by several factors such as supply and demand, organizational influences, and changes in production cost.
  • The oversupply of crude oil from oil-producing nations or the subdued demand for crude oil on account of declining consumption can cause a steep fall in oil prices.
  • The COVID-19 pandemic negatively impacted crude oil prices in 2020. According to The World Bank Group, the global average crude oil price in July 2020 was $42.1/bbl, which was significantly low compared with the average of $61.4/bbl in 2019.
  • Fluctuations in crude oil prices affect the profit margins and revenues of refineries, which is a challenge for refinery operators globally. This, in turn, will limit the road transportation fuel market growth during the forecast period.

Who are the Major Road Transportation Fuel Market Vendors?

The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading market vendors such as

 

  • Acciona SA
  • AVRIL SCA
  • Bharat Petroleum Corp. Ltd.
  • BP Plc
  • Chevron Corp.
  • China Petrochemical Corp.
  • Chubb Ltd.
  • CNG Fuels Ltd.
  • Dangote Industries Ltd.
  • Eni Spa
  • Equinor ASA
  • Exxon Mobil Corp.
  • Green Plains Inc.
  • Hindustan Petroleum Corp. Ltd.
  • Indian Oil Corp. Ltd.
  • Kuwait National Petroleum Co.
  • PJSC LUKOIL
  • Reliance Industries Ltd.
  • Shell plc
  • TotalEnergies SE

 

Market Overview

The global oil and gas refining and marketing market covers companies engaged in the refining and marketing of oil, gas, and refined products. The oil and gas downstream or refining and marketing market are one of the three linkages in the complete oil and gas value chain. Technavio calculates the global oil and gas refining and marketing market size based on combined revenue generated by manufacturers/providers of oil, gas, refined products, and services. 

Road Transportation Fuel Market Value Chain Analysis

In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of a market flow and provides a complete understanding of all aspects of the market logistics value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.

Which are the Key Regions for Road Transportation Fuel Market?

50% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the road transportation fuel market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Economic growth in India, China, and other developing countries is helping expand the middle-class population segment. The road transportation sector is a crucial driver of social development in a country's economy, as it acts as a bridge in connecting people to education, jobs, and healthcare services. India and China are two of the most populated countries in the world, and road transportation plays a vital role in driving the economic growth of these countries. Most road freight activities are carried out in developing countries such as India and China. According to the IEA, India and China will account for 90% of the growth in road freight fuel demand in 2050 from 2017 levels.India was the second-largest oil refiner in Asia in 2021, with a capacity of nearly 18% of APAC total refining capacity. For promoting the availability of road transportation fuel, Indian Oil, HPCL, and Bharat Petroleum signed a joint venture agreement in June 2017 to build one of the largest greenfield refineries in the world by the end of 2022. Such developments in refining capacities will drive the growth of the regional road transportation fuel market during the forecast period

What are the Revenue-generating End-user Segments in the Road Transportation Fuel Market?

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The road transportation fuel market share growth by the gasoline segment will be significant during the forecast period. The consumption of gasoline depends on the number of passenger cars and light trucks in operation. Urbanization and an increase in disposable income enhance the adoption rate of passenger vehicles. According to The World Bank Group, the global annual growth in gross domestic product per capita was 11.9% in 2020 compared to 2010. This indicates an increase in the purchasing power of people. Also, with rapid urbanization, road networks are expanded and modernized. These factors help increase the adoption of passenger cars and light trucks. Passenger car production volumes grew by 9.67% in 2021 compared to 2020. The demand for gasoline in growing economies such as India is increasing rapidly, and the number of fueling stations catering to this rising demand is also going up. With vehicle numbers increasing along with the number of fuel refilling stations, the demand for gasoline as a road transportation fuel will get stronger and promote the growth of the market in focus during the forecast period.

The report provides a near-term to long-term perspective on the trends and forecasts horizon for the market. It offers an overview of the key market drivers and restraints, enabling precise identification of key regional opportunities over the coming years.

Road Transportation Fuel Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 1.87%

Market growth 2022-2026

$ 192.84 billion

Market structure

Fragmented

YoY growth (%)

1.52

Regional analysis

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

Performing market contribution

APAC at 50%

Key consumer countries

US, Canada, China, Japan, Germany, France, US, Canada, China, Japan, Germany, France, US, Canada, China, Japan, Germany, and France

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Acciona SA, AVRIL SCA, Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., China Petrochemical Corp., Chubb Ltd., CNG Fuels Ltd., Dangote Industries Ltd., Eni Spa, Equinor ASA, Exxon Mobil Corp., Green Plains Inc., Hindustan Petroleum Corp. Ltd., Indian Oil Corp. Ltd., Kuwait National Petroleum Co., PJSC LUKOIL, Reliance Industries Ltd., Shell plc, and TotalEnergies SE

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 Road Transportation Fuel Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive the growth during the next five years
  • Precise estimation of the size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the industry across APAC, North America, Europe, 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 road transportation fuel 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 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • 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 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 Gasoline - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Gasoline - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Gasoline - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Gasoline - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Gasoline - Year-over-year growth 2021-2026 (%)
    • 5.4 Diesel - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Diesel - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Diesel - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Diesel - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Diesel - Year-over-year growth 2021-2026 (%)
    • 5.5 Biofuels - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Biofuels - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Biofuels - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Biofuels - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Biofuels - Year-over-year growth 2021-2026 (%)
    • 5.6 Natural gas - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Natural gas - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 41: Data Table on Natural gas - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 42: Chart on Natural gas - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Natural gas - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by End-user
      • Exhibit 44: Market opportunity by End-user ($ billion)

    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 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - 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 ($ billion)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • 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 ($ billion)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • 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 ($ billion)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • 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 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 Canada - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 87: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 88: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.13 France - Market size and forecast 2021-2026
      • Exhibit 90: Chart on France - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 91: Data Table on France - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 92: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ billion)

    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 Acciona SA
              • Exhibit 101: Acciona SA - Overview
              • Exhibit 102: Acciona SA - Business segments
              • Exhibit 103: Acciona SA - Key news
              • Exhibit 104: Acciona SA - Key offerings
              • Exhibit 105: Acciona SA - Segment focus
            • 10.4 AVRIL SCA
              • Exhibit 106: AVRIL SCA - Overview
              • Exhibit 107: AVRIL SCA - Business segments
              • Exhibit 108: AVRIL SCA - Key news
              • Exhibit 109: AVRIL SCA - Key offerings
              • Exhibit 110: AVRIL SCA - Segment focus
            • 10.5 Bharat Petroleum Corp. Ltd.
              • Exhibit 111: Bharat Petroleum Corp. Ltd. - Overview
              • Exhibit 112: Bharat Petroleum Corp. Ltd. - Product / Service
              • Exhibit 113: Bharat Petroleum Corp. Ltd. - Key offerings
            • 10.6 BP Plc
              • Exhibit 114: BP Plc - Overview
              • Exhibit 115: BP Plc - Business segments
              • Exhibit 116: BP Plc - Key offerings
              • Exhibit 117: BP Plc - Segment focus
            • 10.7 Chevron Corp.
              • Exhibit 118: Chevron Corp. - Overview
              • Exhibit 119: Chevron Corp. - Business segments
              • Exhibit 120: Chevron Corp. - Key news
              • Exhibit 121: Chevron Corp. - Key offerings
              • Exhibit 122: Chevron Corp. - Segment focus
            • 10.8 China Petrochemical Corp.
              • Exhibit 123: China Petrochemical Corp. - Overview
              • Exhibit 124: China Petrochemical Corp. - Business segments
              • Exhibit 125: China Petrochemical Corp. - Key offerings
              • Exhibit 126: China Petrochemical Corp. - Segment focus
            • 10.9 CNG Fuels Ltd.
              • Exhibit 127: CNG Fuels Ltd. - Overview
              • Exhibit 128: CNG Fuels Ltd. - Product / Service
              • Exhibit 129: CNG Fuels Ltd. - Key offerings
            • 10.10 Exxon Mobil Corp.
              • Exhibit 130: Exxon Mobil Corp. - Overview
              • Exhibit 131: Exxon Mobil Corp. - Business segments
              • Exhibit 132: Exxon Mobil Corp. - Key offerings
              • Exhibit 133: Exxon Mobil Corp. - Segment focus
            • 10.11 Shell plc
              • Exhibit 134: Shell plc - Overview
              • Exhibit 135: Shell plc - Business segments
              • Exhibit 136: Shell plc - Key news
              • Exhibit 137: Shell plc - Key offerings
              • Exhibit 138: Shell plc - Segment focus
            • 10.12 TotalEnergies SE
              • Exhibit 139: TotalEnergies SE - Overview
              • Exhibit 140: TotalEnergies SE - Business segments
              • Exhibit 141: TotalEnergies SE - Key news
              • Exhibit 142: TotalEnergies SE - Key offerings
              • Exhibit 143: TotalEnergies SE - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 144: Inclusions checklist
                • Exhibit 145: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 146: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 147: Research methodology
                • Exhibit 148: Validation techniques employed for market sizing
                • Exhibit 149: Information sources
              • 11.5 List of abbreviations
                • Exhibit 150: 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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