Skateboarding Equipment Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, China, Germany, UK - Size and Forecast 2024-2028

Published: Dec 2023 Pages: 147 SKU: IRTNTR77033

Skateboarding Equipment Market Forecast 2024-2028

The global skateboarding equipment market size is estimated to grow by USD 220.28 million between  2023 and 2028. The market is accelerating at a compound annual growth rate of 3.9%. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments. It also includes an in-depth analysis of the artificial intelligence (AI) integration with skateboard, the growing demand for electric skateboards, and the availability of counterfeit products. 

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Market Major Companies

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. One of the major companies in the market include:

  • Control Skateboards Inc.: The company offers skateboarding equipment such as graveheart deck, hawk hut-shaped decks, and armanto friends decks.

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

Alien Workshop, Almost Skateboards, Authentic Brands Group LLC, BIRDHOUSE SKATEBOARDS, CaliRides LLC, Dankies Skateboards, Decathlon SA, enjoico, Exway Canada, Gyroorboard, Habitat Skateboards, HLC SB DISTRIBUTION SL, Krown Skateboards, Quiksilver Inc., Razor USA LLC, Sk8factory, Skate One Corp., Urban Monkey, and Zero Skateboards

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. Furthermore, it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Size And Market Dynamic

Key Drivers

Artificial intelligence (AI) integration with skateboard is the key factor driving market growth. AI-powered sensors within the skateboard or wearable devices could track and analyze performance metrics such as speed, balance, and tricks. AI could be integrated into safety gear such as helmets or pads to detect and react to potential accidents. Sensors powered by AI could analyze movements and anticipate falls, triggering protective mechanisms to minimize injury. AI algorithms analyzing data from multiple skaters could lead to innovative skateboard designs, techniques, or trends by identifying patterns and insights that can push the boundaries of the sport. The growing integration of AI in skateboarding may positively impact the growth of the market during the forecast period.

Significant Trends

Growing demand for electric skateboards is the primary trend shaping market growth. These offer an alternative mode of transportation that's more convenient for short commutes or urban travel. They provide an effortless and eco-friendly way to navigate cities or campuses. Improved battery technology has extended the range and increased the power of electric skateboards. Additionally, manufacturers continually innovate by introducing new features, designs, and functionalities to cater to diverse consumer preferences. Customization options for speed settings, deck styles, and other features allow riders to personalize their experience. The growing demand for electric skateboards will boost the growth of the market during the forecast period.

Major Challenges

The availability of counterfeit products of skateboarding equipment is a challenge that affects market growth. The presence of counterfeit or low-quality products in the market might affect consumer trust in brands and impact overall demand for genuine, high-quality equipment. Counterfeit products can damage the reputation of established brands. Consumers who unknowingly purchase counterfeit items may have negative experiences, associating these experiences with the legitimate brand. In addition, counterfeit goods erode consumer trust in the authenticity of products, making it harder for consumers to distinguish between genuine and fake items. This confusion can affect purchasing decisions, which may impede the growth of the market during the forecast period.

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Market Segmentation And Region

By Type Analysis

The skateboards segment will account for a major share of the market's growth during the forecast period. Skateboarding has evolved from being just a recreational activity to a cultural phenomenon, influencing fashion, music, and art. Skateboarding has ingrained itself into popular culture, influencing fashion trends and streetwear. Many people are drawn to the style and aesthetic. The availability of skateparks and skateboarding facilities has increased, which made it more accessible for people to try out the sport.

The skateboards segment was valued at USD 516.60 million in 2018. Pro skaters and influencers play a significant role in promoting skateboarding. Their endorsements, videos, and competitions inspire individuals to take up the sport. The combination of these factors has contributed to the increasing demand for skateboards, which will propel the growth of the skateboards segment as well as the market during the forecast period. Market forecasting and market growth analysis are essential for understanding the evolving trends and demands in the industry.

Comprehensive market research and growth analysis provide valuable insights into consumer preferences, market dynamics, and competitive landscape, enabling stakeholders to make informed decisions. Additionally, the development of innovative skatepark equipment and skateboard ramps that cater to the evolving needs and preferences of skateboarders further drives the growth of the market.

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By Distribution Channel Analysis 

This market is segmented by distribution channel into two categories offline, and online

Market Analyst Overview

The market is a vibrant sector within the skateboarding industry, catering to the diverse needs of skateboarders worldwide. From skateboard decks to skateboard trucks and skateboard wheels, a wide range of skateboarding gear is available to suit different preferences and styles.

In addition to essential equipment, skateboarding accessories such as skateboard bearings and skateboard maintenance tools are crucial for ensuring optimal performance and longevity of skateboards. Skateboard brands continually innovate to offer the latest in skateboard technology and skateboard apparel, reflecting the dynamic nature of the sport.

Skateboarding is not just a sport but also a lifestyle, with skateboarding events and skateparks serving as hubs for enthusiasts to gather and showcase their skills. The emphasis on skateboarding safety gear underscores the importance of protecting riders while they indulge in their passion for skateboarding.

Geographical Analysis

North America is estimated to contribute 35% during the forecast period.

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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America boasts a vibrant skateboarding culture with a large community of skaters, both professional and amateur. The presence of dedicated skate parks, events, and competitions across cities supports the growth of this equipment market in North America. The region has a significant consumer base interested in skateboarding, comprising a diverse demographic ranging from young enthusiasts to older riders. This broad appeal contributes to sustained demand for this equipment. North America's economic strength, particularly in the US and Canada, plays a role in driving the regional market. Disposable income and consumer spending power contribute to the purchase of high-quality, premium skateboard equipment. The combination of cultural heritage, a robust industry presence, a thriving community, and significant demand for products has established North America as a powerhouse in the equipment market.  Hence, such factors are expected to drive market growth in this region during the forecast period.

Skateboarding Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2023

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.9%

Market Growth 2024-2028

USD 220.28 million

Market structure

Fragmented

YoY growth (%)

3.1

Regional analysis

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

Performing market contribution

North America at 35%

Key consumer countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Alien Workshop, Almost Skateboards, Authentic Brands Group LLC, BIRDHOUSE SKATEBOARDS, CaliRides LLC, Control Skateboards Inc., Dankies Skateboards, Decathlon SA, enjoico, Exway Canada, Gyroorboard, Habitat Skateboards, HLC SB DISTRIBUTION SL, Krown Skateboards, Quiksilver Inc., Razor USA LLC, Sk8factory, Skate One Corp., Urban Monkey, and Zero Skateboards

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. 

Customization purview

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 Market Research Report?

  • CAGR of the market during the forecast period 2024-2028
  • Detailed information on factors that will drive skateboarding equipment market growth and forecasting during the next five years
  • Precise estimation of the skateboarding equipment market trends size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the skateboarding equipment market industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on companies
  • Comprehensive details of factors that will challenge the growth of skateboarding equipment market companies

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

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 Distribution Channel
    • 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 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global skateboarding equipment market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global skateboarding equipment market 2018 - 2022 ($ million)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.3 Distribution Channel Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Skateboards - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Skateboards - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Skateboards - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Skateboards - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Skateboards - Year-over-year growth 2023-2028 (%)
    • 6.4 Skateboarding footwear - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Skateboarding footwear - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Skateboarding footwear - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Skateboarding footwear - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Skateboarding footwear - Year-over-year growth 2023-2028 (%)
    • 6.5 Skateboarding protective gears - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Skateboarding protective gears - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Skateboarding protective gears - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Skateboarding protective gears - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Skateboarding protective gears - Year-over-year growth 2023-2028 (%)
    • 6.6 Others - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.7 Market opportunity by Type
      • Exhibit 50: Market opportunity by Type ($ million)
      • Exhibit 51: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 52: Chart on Distribution Channel - Market share 2023-2028 (%)
      • Exhibit 53: Data Table on Distribution Channel - Market share 2023-2028 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 54: Chart on Comparison by Distribution Channel
      • Exhibit 55: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Offline - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Offline - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Offline - Year-over-year growth 2023-2028 (%)
    • 7.4 Online - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Online - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Online - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Online - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Online - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 64: Market opportunity by Distribution Channel ($ million)
      • Exhibit 65: Data Table on Market opportunity by Distribution Channel ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 Canada - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.12 UK - Market size and forecast 2023-2028
      • Exhibit 107: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: 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 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Alien Workshop
              • Exhibit 119: Alien Workshop - Overview
              • Exhibit 120: Alien Workshop - Product / Service
              • Exhibit 121: Alien Workshop - Key offerings
            • 12.4 Almost Skateboards
              • Exhibit 122: Almost Skateboards - Overview
              • Exhibit 123: Almost Skateboards - Product / Service
              • Exhibit 124: Almost Skateboards - Key offerings
            • 12.5 CaliRides LLC
              • Exhibit 125: CaliRides LLC - Overview
              • Exhibit 126: CaliRides LLC - Product / Service
              • Exhibit 127: CaliRides LLC - Key offerings
            • 12.6 Control Skateboards Inc.
              • Exhibit 128: Control Skateboards Inc. - Overview
              • Exhibit 129: Control Skateboards Inc. - Product / Service
              • Exhibit 130: Control Skateboards Inc. - Key offerings
            • 12.7 Dankies Skateboards
              • Exhibit 131: Dankies Skateboards - Overview
              • Exhibit 132: Dankies Skateboards - Product / Service
              • Exhibit 133: Dankies Skateboards - Key offerings
            • 12.8 Decathlon SA
              • Exhibit 134: Decathlon SA - Overview
              • Exhibit 135: Decathlon SA - Product / Service
              • Exhibit 136: Decathlon SA - Key offerings
            • 12.9 Exway Canada
              • Exhibit 137: Exway Canada - Overview
              • Exhibit 138: Exway Canada - Product / Service
              • Exhibit 139: Exway Canada - Key offerings
            • 12.10 Habitat Skateboards
              • Exhibit 140: Habitat Skateboards - Overview
              • Exhibit 141: Habitat Skateboards - Product / Service
              • Exhibit 142: Habitat Skateboards - Key offerings
            • 12.11 Krown Skateboards
              • Exhibit 143: Krown Skateboards - Overview
              • Exhibit 144: Krown Skateboards - Product / Service
              • Exhibit 145: Krown Skateboards - Key offerings
            • 12.12 Quiksilver Inc.
              • Exhibit 146: Quiksilver Inc. - Overview
              • Exhibit 147: Quiksilver Inc. - Product / Service
              • Exhibit 148: Quiksilver Inc. - Key offerings
            • 12.13 Razor USA LLC
              • Exhibit 149: Razor USA LLC - Overview
              • Exhibit 150: Razor USA LLC - Product / Service
              • Exhibit 151: Razor USA LLC - Key offerings
            • 12.14 Sk8factory
              • Exhibit 152: Sk8factory - Overview
              • Exhibit 153: Sk8factory - Product / Service
              • Exhibit 154: Sk8factory - Key offerings
            • 12.15 Skate One Corp.
              • Exhibit 155: Skate One Corp. - Overview
              • Exhibit 156: Skate One Corp. - Product / Service
              • Exhibit 157: Skate One Corp. - Key offerings
            • 12.16 Urban Monkey
              • Exhibit 158: Urban Monkey - Overview
              • Exhibit 159: Urban Monkey - Product / Service
              • Exhibit 160: Urban Monkey - Key offerings
            • 12.17 Zero Skateboards
              • Exhibit 161: Zero Skateboards - Overview
              • Exhibit 162: Zero Skateboards - Product / Service
              • Exhibit 163: Zero Skateboards - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 164: Inclusions checklist
                • Exhibit 165: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 166: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 167: Research methodology
                • Exhibit 168: Validation techniques employed for market sizing
                • Exhibit 169: Information sources
              • 13.5 List of abbreviations
                • Exhibit 170: 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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