Cycling Wear Market, by Product Type (Clothing, Footwear, Head Gear, and Eye Wear), by Distribution Channel (Hypermarket, Specialty Stores, Direct to Consumer, Wholesale, and Online), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
- Report code : CMI152355 |
- Industry :
Consumer Goods
- Published On : Dec 2018 |
- Pages : 259 Pages |
- Format :
Global Cycling Wear Market - Insights
Cycling wear involves use of garments or gears for enhancing the performance or for comfort during cycling. Increasing number of people opting for cycling as a hobby and growing portion of the population living healthier lifestyles thereby rising participation in sports and fitness activities is driving growth of the cycling wear market.
Increasing awareness regarding advantages of exercise such as cycling due to media exposure and various health organizations is driving market growth. According to World Health Organization (WHO), commuters who cycle to work have 41% lower risk of dying from all causes than people who drive or take public transport. Cycles also help in reducing noise and air pollution, which is one of the major factors for increasing adoption of cycling, this in turn is fueling demand for cycling wear.
The global cycling wear market was valued at US$ 3,307.2 million in 2017, and is expected to register a CAGR of 7.1% in terms of value, during the forecast period (2018 – 2025) to reach US$ 5,572.2 million by 2025.
Figure 1. Global Cycling Wear Market Share (%), By Product Type, 2017
Source: Coherent Market Insights, 2017-18
Clothing segment held highest market share in the global cycling wear market in 2017, and it is expected to retain its dominance during the forecast period. Clothing segment of cycling wear includes leggings, shorts, gloves, jackets, jersey, and arm/leg warmers. Clothing should provide comfort, durability, moisture resistance, and should be waterproof, windproof, and stretchable. Cycling apparels are designed to fit and support the body during cycling.
Among distribution channel, online stores is the fastest growing segment during the forecast period. Growth of the online segment is majorly attributed to rising penetration of low cost smartphones, coupled with rapid advancements in internet services. According to survey published by Malaysian Communications and Multimedia Commission (MCMC) in 2017, there were 24.5 million Internet users in 2017 which increased from 24.1 million in 2015.
.Asia Pacific is the fastest growing region in the global cycling wear market. The market was valued at US$ 1,020.8 Mn in 2017, witnessing a CAGR of 9.0% during the forecast period. This is attributed to growing bike sharing market in the region. According to Ministry of Transport, China had around 70 bike-sharing brands such as Mobike and Didi Chuxing-Ofo operating over 16 million bicycles nationwide by 2017. Various initiatives are undertaken by public and private organizations to encourage adoption of cycling. For instance, Cycling Cities is an organization involved in encouraging cycling adoption for transportation. Furthermore, in 2016, Pune Municipal Corporation introduced Pune Bicycle Plan to encourage bicycling. Rapid growth in the bicycles market is another factor contributing to growth of the cycling wear. According to All India Cycle Manufacturers' Association, sales of bicycles in 2017-2018 in India was 16.57 million units. Also, revenue of the cycle’s business increased by 30% year-on-year in the April-June quarter of 2018.
Figure 2. Global Cycling Wear Market Revenue (US$ Mn), By Region, 2017
Source: Coherent Market Insights, 2017-18
Players operating in the global cycling wear market are launching new products to gain competitive advantage in the market and to expand business. For instance, in April 2018, Santini Maglificio Sportivo launched its new MAGLIA NERA collection composed of a technical cycling kit inspired by its last classified Luigi Malabrocca, a cotton T-shirt for a casual look but with a perfect fit a short-sleeved wool sweater and a sweater long sleeves for casual style for cycle ride.
Major players operating in the global cycling wear market include JRD Cycling, Castelli Cycling, Giro Sport Design, Champion System, Conquest Cycle Wear Ltd., Assos Of Switzerland Sa, Cuore Of Switzerland Inc., Endura Limited, Tewsn Cycling Gear Limited, Isadore Apparel, Rapha Racing Limited, 2xu Pty Ltd., Maap, Attaquer Pty Ltd., Blacksheep, Pas Normal Studios, Santini Maglificio Sportivo S.R.L. P.I. - C.F., Capo, Pedla, and Lumiere Cycling.
Government initiatives and development of cycling infrastructure is driving growth of the global cycling wear market. For instance, in 2017, China opened its longest elevated cycling path, which is 7.6-kilometer-long track and connects five metros above the main road. It connects all of the city’s major residential and business districts and the commuters have direct access to 11 bus stations and two subway stops.
Market Dynamics
Asia Pacific is the fastest growing region in the global cycling wear market and the market was valued at US$ 1,020.8 Mn in 2017, witnessing a CAGR of 9.0% during the forecast period. This is attributed to the government initiatives for adoption of cycling, cycling tourism, and development of cycling infrastructure. For instance, International cycling races such as Tour de Singkarak, Tour de Flores, International Tour de Banyuwangi Ijen, and Tour de Siak are conducted in Indonesia to promote cycling and cycling tourism. In January 2018, the Tour of Indonesia was re-launched and upgraded to Class 2.1 after seven years. Also, the Land Transport Authority in Singapore aims to make the country a cycling-friendly city by 2030. Land Transport Authority plans to construct cycling network of 700km across the island. Moreover, cycling infrastructure such as bicycle crossings and parking facilities will be constructed to encourage cycling culture.
Key features of the study:
- This report provides in-depth analysis of the global Cycling Wear market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR) (%) during the forecast period (2018 – 2025), considering 2017, as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
- It profiles leading players in the global Cycling Wear market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans
- Key companies covered as a part of this study includes JRD Cycling, Castelli Cycling, Giro Sport Design, Champion System, Conquest Cycle Wear Ltd., Assos Of Switzerland Sa, Cuore Of Switzerland Inc., Endura Limited, Tewsn Cycling Gear Limited, Isadore Apparel, Rapha Racing Limited, 2xu Pty Ltd., Maap, Attaquer Pty Ltd., Blacksheep, Pas Normal Studios, Santini Maglificio Sportivo S.R.L. P.I. - C.F., Capo, Pedla, and Lumiere Cycling.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology upgradation, market expansion, and marketing tactics
- The global Cycling Wear market report caters to various stakeholders in this industry including investors, suppliers, Cycling Wear manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Cycling Wear market
Detailed Segmentation:
- Global Cycling Wear Market, By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- Global Cycling Wear Market, By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Global Cycling Wear Market, By Geography:
- North America
- U.S.
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Canada
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Europe
- U.K.
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Germany
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Italy
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- France
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Russia
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Rest of Europe
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Asia Pacific
- China
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- India
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Japan
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- ASEAN
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Australia
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- South Korea
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Rest of Asia Pacific
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Latin America
- Brazil
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Mexico
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Rest of Latin America
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Middle East
- GCC
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Israel
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Rest of Middle East
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Africa
- Northern Africa
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Central Africa
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- South Africa
- By Product Type:
- Clothing
- Footwear
- Head Gear
- Eye Wear
- By Distribution Channel:
- Hypermarket
- Specialty Stores
- Direct to Consumer
- Wholesale
- Online
- Company Profiles
- Lumiere Cycling*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Castelli Cycling
- Giro Sport Design
- Champion System
- Conquest Cycle Wear Ltd.
- Assos Of Switzerland SA
- Cuore of Switzerland Inc.
- Endura Limited
- Tewsn Cycling Gear Limited
- Isadore Apparel
- Rapha Racing Limited
- 2xu Pty Ltd.
- Maap
- Attaquer Pty Ltd.
- Blacksheep
- Pas Normal Studios
- Santini Maglificio Sportivo S.R.L. P.I. - C.F.
- Capo
- Pedla
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Product Type
- Market Snippet By Distribution Channel
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
- Cost Tier Down Analysis
- Global Cycling Wear Market, By Product Type, 2018- 2025 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, 2018 - 2025
- Segment Trends
- Clothing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2025, (US$ Million)
- Footwear
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2025, (US$ Million)
- Head Gear
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2025, (US$ Million)
- Eye Wear
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2025, (US$ Million)
- Global Cycling Wear Market, By Distribution Channel, 2018- 2025 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, 2018 - 2025
- Segment Trends
- Hypermarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2025, (US$ Million)
- Specialty Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2025, (US$ Million)
- Direct to Consumer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2025, (US$ Million)
- Wholesale
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2025, (US$ Million)
- Online
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2025, (US$ Million)
- Global Cycling Wear Market, By Region, 2018- 2025 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, For Regions, 2018 - 2025
- North America
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2025
- U.S.
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Canada
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Europe
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2025
- U.K.
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Germany
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Italy
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- France
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Russia
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Asia Pacific
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2025
- China
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- India
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Japan
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- ASEAN
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Australia
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- South Korea
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Latin America
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2025
- Brazil
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Mexico
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Rest of Latin America
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Middle East
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2025
- GCC
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Israel
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Rest of Middle East
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Africa
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2025
- Northern Africa
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Central Africa
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- South Africa
- Country Trends
- Market Size and Forecast, By Product Type, 2018- 2025 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2018- 2025 (US$ Million)
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Lumiere Cycling
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Castelli Cycling
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Giro Sport Design
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Champion System
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Cycle Wear Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Assos Of Switzerland SA
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Cuore of Switzerland Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Endura Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Tewsn Cycling Gear Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Isadore Apparel
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Rapha Racing Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- 2xu Pty Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Maap
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Attaquer Pty Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Blacksheep
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Pas Normal Studios
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Santini Maglificio Sportivo S.R.L. P.I. - C.F.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Capo
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Pedla
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
* Browse 108 market data tables* and 37 figures* on "Cycling Wear Market” - Global forecast to 2025.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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