Specialty Tires Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

Published: Apr 2022 Pages: 149 SKU: IRTNTR73308

The specialty tires market size is expected to increase by USD 10.86 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.36%.

This specialty tires market research report extensively covers market segmentations by the following:

  • Application - Mining and construction, aircraft, and others
  • Geography - Europe, North America, APAC, Middle East and Africa, and South America

This specialty tires industry report further provides detailed data on several market vendors, including  Balkrishna Industries Ltd., Bridgestone Corp., Continental AG, Giti Tire Pte. Ltd., GRI Tires Pvt. Ltd., JK Tyre and Industries Ltd., Kumho Tire Co. Inc., Michelin Group, Nokian Tyres Plc, Pirelli Tyre Spa, Polymer Enterprises Inc., Shandong Linglong Tyre Co. Ltd., The Carlstar Group LLC, The Goodyear Tire and Rubber Co., Toyo Tire Corp., Trelleborg AB, Triangle Tire USA, Xuzhou Construction Machinery Group Co. Ltd., Yokohama Rubber Co. Ltd., and Zhongce Rubber Group Co. Ltd. among others. One of the key highlights of this report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the future.

What will the Specialty Tires Market Size be During the Forecast Period?

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Specialty Tires Market: Key Drivers, Trends, and Challenges

The reducing prices of natural rubber is notably driving the specialty tires market growth, although factors such as rental market of specialty vehicles may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the specialty tires industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Specialty Tires Market Driver

One of the key factors driving the global specialty tires industry growth is the reducing prices of natural rubber, as it will reduce the overall production costs. For instance, in 2021, the natural rubber prices declined due to low trading in the global markets owing to the low demand for natural rubber in the automobile sector wherein the automobile industry faced a shortage of semiconductor chips. Countries such as India and China are the major exporter of natural rubber. However, due to the pandemic, the producers too faced issues such as low demand and high-cost margins. Therefore, producers with lower costs will be able to supply more products at a given price than those with higher costs, which be pushing the growth of the global specialty tires market during the forecast period.

Key Specialty Tires Market Trend

Development of airless tires for specialty vehicles and mainstream commercial vehicles is one of the key specialty tires market trends that is expected to impact the industry positively in the forecast period. The major tire manufacturers have been developing prototypes of airless tires for ATVs since 2016. For instance, in 2018, Crocodile Tyres launched 50-510-900Mk1 airless tires for heavy industrial vehicles. Michelin introduced Unique Puncture-proof Tire System (Uptis) back in 2019 in partnership with General Motors. The Michelin Uptis is said to be an alternative to the conventional pneumatic tires, offering better durability and less prone to mishaps. Thus, the development of these technologically advanced tires will further support the market growth in the coming years.

Key Specialty Tires Market Challenge

One of the key challenges to the global specialty tires industry growth is the rental market of specialty vehicles as rental services offer an economical alternative to owning a specialty vehicle. For instance, Enterprise Holdings Inc., a major heavy-duty truck and equipment renting company based out in the US, has increased its number of business units in the US by 300% since 2007. These include new Enterprise Truck Rental offices in Virginia, Texas, Tennessee, Ohio, Nevada, Kentucky, Kansas, Illinois, Georgia, Florida, and California by 2017. These companies also offer customized equipment packages, including specialty vehicles and additional machinery, thereby extending the convenience of having all the needed vehicles and equipment at a fraction of its actual cost. This will adversely affect the demand for specialty tires during the forecast period.

This specialty tires market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global specialty tires market as a part of the global tires and rubber market. 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 specialty tires market during the forecast period.

Who are the Major Specialty Tires Market Vendors?

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

 

  • Balkrishna Industries Ltd.
  • Bridgestone Corp.
  • Continental AG
  • Giti Tire Pte. Ltd.
  • GRI Tires Pvt. Ltd.
  • JK Tyre and Industries Ltd.
  • Kumho Tire Co. Inc.
  • Michelin Group
  • Nokian Tyres Plc
  • Pirelli Tyre Spa
  • Polymer Enterprises Inc.
  • Shandong Linglong Tyre Co. Ltd.
  • The Carlstar Group LLC
  • The Goodyear Tire and Rubber Co.
  • Toyo Tire Corp.
  • Trelleborg AB
  • Triangle Tire USA
  • Xuzhou Construction Machinery Group Co. Ltd.
  • Yokohama Rubber Co. Ltd.
  • Zhongce Rubber Group Co. Ltd.

 

This statistical study of the specialty tires market encompasses successful business strategies deployed by the key vendors. The specialty tires market is fragmented and the growth strategies deployed by vendors to compete in the market are:

  • Product differentiation
  • Business expansion 

Product Insights and News

  • Bridgestone Corp. - The company offers specialty tires product brands such as ECOPIA, POTENZA, and DUELER. 
  • Bridgestone Corp. - In March 2021, the company was named in the prominent Supplier Engagement Leaderboard by CDP, a global non-profit that runs the worlds leading environmental disclosure platform. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The specialty tires market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Specialty Tires Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the specialty tires market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Specialty Tires Market?

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39% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for specialty tires in APAC. Market growth in this region will be faster than the growth of the market in Middle East and Africa.

The progressing usage of off-highway agriculture vehicles, construction vehicles, construction and mining machinery, and two-wheelers will facilitate the specialty tires market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID 19 pandemic severely impacted countries such as India in early 2020, with negative GDP growth and a surge in unemployment. As of March 25, 2022, the number of COVID-19 cases reported in India was over 43.01 million and 516,785 deaths. From March 2020 to the first half of May 2020, India imposed a nationwide lockdown to prevent the community spread of the disease, which hampered the market growth. However, vaccination drive by the governments to curb the spread of COVID-19, recovering economy of the region, and restoration in the supply chain will help the market to stabilize during the forecast period.

What are the Revenue-generating Application Segments in the Specialty Tires Market?

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The specialty tires market share growth by the mining and construction segment will be significant during the forecast period. Increased demand for public infrastructures such as shopping and recreational centers; demand for housing and residential properties; and progressing rate of urbanization are expected to drive the global construction industry in the coming years, which, in turn, will drive the growth of the specialty tires market. The high demand for off-highway vehicles such as track-type tractors, track loaders, scrapers, motor graders, wheel loaders, and dump trucks from the mining industry will further support the market growth. 

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

 

Specialty Tires Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.36%

Market growth 2022-2026

$ 10.86 billion

Market structure

Fragmented

YoY growth (%)

4.21

Regional analysis

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

Performing market contribution

APAC at 39%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Balkrishna Industries Ltd., Bridgestone Corp., Continental AG, Giti Tire Pte. Ltd., GRI Tires Pvt. Ltd., JK Tyre and Industries Ltd., Kumho Tire Co. Inc., Michelin Group, Nokian Tyres Plc, Pirelli Tyre Spa, Polymer Enterprises Inc., Shandong Linglong Tyre Co. Ltd., The Carlstar Group LLC, The Goodyear Tire and Rubber Co., Toyo Tire Corp., Trelleborg AB, Triangle Tire USA, Xuzhou Construction Machinery Group Co. Ltd., Yokohama Rubber Co. Ltd., and Zhongce Rubber Group 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

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What are the Key Data Covered in this Specialty Tires Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive specialty tires market growth during the next five years
  • Precise estimation of the specialty tires market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the specialty tires industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of specialty tires market vendors

We can help! Our analysts can customize this 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 Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Mining and construction - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Mining and construction - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Mining and construction - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Mining and construction - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Mining and construction - Year-over-year growth 2021-2026 (%)
    • 5.4 Agriculture - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Agriculture - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Agriculture - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Agriculture - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Agriculture - Year-over-year growth 2021-2026 (%)
    • 5.5 Aircraft - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Aircraft - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Aircraft - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Aircraft - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Aircraft - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Application
      • Exhibit 44: Market opportunity by Application ($ million)

    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 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • 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 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • 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 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • 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 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 Bridgestone Corp.
              • Exhibit 97: Bridgestone Corp. - Overview
              • Exhibit 98: Bridgestone Corp. - Business segments
              • Exhibit 99: Bridgestone Corp. - Key news
              • Exhibit 100: Bridgestone Corp. - Key offerings
              • Exhibit 101: Bridgestone Corp. - Segment focus
            • 10.4 Continental AG
              • Exhibit 102: Continental AG - Overview
              • Exhibit 103: Continental AG - Business segments
              • Exhibit 104: Continental AG - Key news
              • Exhibit 105: Continental AG - Key offerings
              • Exhibit 106: Continental AG - Segment focus
            • 10.5 JK Tyre and Industries Ltd.
              • Exhibit 107: JK Tyre and Industries Ltd. - Overview
              • Exhibit 108: JK Tyre and Industries Ltd. - Business segments
              • Exhibit 109: JK Tyre and Industries Ltd. - Key news
              • Exhibit 110: JK Tyre and Industries Ltd. - Key offerings
              • Exhibit 111: JK Tyre and Industries Ltd. - Segment focus
            • 10.6 Michelin Group
              • Exhibit 112: Michelin Group - Overview
              • Exhibit 113: Michelin Group - Business segments
              • Exhibit 114: Michelin Group - Key offerings
              • Exhibit 115: Michelin Group - Segment focus
            • 10.7 Nokian Tyres Plc
              • Exhibit 116: Nokian Tyres Plc - Overview
              • Exhibit 117: Nokian Tyres Plc - Business segments
              • Exhibit 118: Nokian Tyres Plc - Key news
              • Exhibit 119: Nokian Tyres Plc - Key offerings
              • Exhibit 120: Nokian Tyres Plc - Segment focus
            • 10.8 Polymer Enterprises Inc.
              • Exhibit 121: Polymer Enterprises Inc. - Overview
              • Exhibit 122: Polymer Enterprises Inc. - Product / Service
              • Exhibit 123: Polymer Enterprises Inc. - Key offerings
            • 10.9 The Goodyear Tire and Rubber Co.
              • Exhibit 124: The Goodyear Tire and Rubber Co. - Overview
              • Exhibit 125: The Goodyear Tire and Rubber Co. - Business segments
              • Exhibit 126: The Goodyear Tire and Rubber Co. - Key news
              • Exhibit 127: The Goodyear Tire and Rubber Co. - Key offerings
              • Exhibit 128: The Goodyear Tire and Rubber Co. - Segment focus
            • 10.10 Toyo Tire Corp.
              • Exhibit 129: Toyo Tire Corp. - Overview
              • Exhibit 130: Toyo Tire Corp. - Business segments
              • Exhibit 131: Toyo Tire Corp. - Key news
              • Exhibit 132: Toyo Tire Corp. - Key offerings
              • Exhibit 133: Toyo Tire Corp. - Segment focus
            • 10.11 Trelleborg AB
              • Exhibit 134: Trelleborg AB - Overview
              • Exhibit 135: Trelleborg AB - Business segments
              • Exhibit 136: Trelleborg AB - Key news
              • Exhibit 137: Trelleborg AB - Key offerings
              • Exhibit 138: Trelleborg AB - Segment focus
            • 10.12 Yokohama Rubber Co. Ltd.
              • Exhibit 139: Yokohama Rubber Co. Ltd. - Overview
              • Exhibit 140: Yokohama Rubber Co. Ltd. - Business segments
              • Exhibit 141: Yokohama Rubber Co. Ltd. - Key news
              • Exhibit 142: Yokohama Rubber Co. Ltd. - Key offerings
              • Exhibit 143: Yokohama Rubber Co. Ltd. - 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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