Native Grass Seeds Market Report, by Product Type (Warm Season, Cool Season, and Mixture), by Application (Land Conservation & Rehabilitation, Landscaping, Animal Grazing & Hay, Biofuel, and Fertilizers), by Distribution Channel (Offline Stores and Online Stores), and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019– 2027
- Report code : CMI262630 |
- Industry :
Agrochemicals
- Published On : May 2019 |
- Pages : 117 Pages |
- Format :
Global Native Grass Seeds Market – Insights
Native grass seeds play an important role in prevention of erosion apart from restoring and maintaining natural landscapes such as wetlands, streams, native prairies, woodlands, parks, and sensitive habitats. This in turn has led to high adoption of native grass seeds, thereby aiding in growth of the market.
Among applications, land conservation & rehabilitation segment accounted for the largest market share in 2018, in terms of revenue. Soil erosion is a major threat to sustaining long-term crop yields. Moreover, sediment deposition in streams is a major threat to aquatic habitats. Native grasses offer more advantages in maintaining soil quality over other crops. For instance, erosion losses associated with corn are over 70 times higher as compared to native grasses produced on the same land as per data published by Elsevier Science Ltd. Therefore, such factors are expected to drive growth of the native grass seeds market during the forecast period.
Native grass seeds are marketed through offline stores such as hypermarkets, supermarkets, and specialty seed stores. Majority of customers prefer to purchase native grass seeds that are stocked by specialty stores. Increasing number of hypermarket and supermarket chains, promotional and marketing activities in the form of offering lucrative discounts on native grass seeds, wide variety of products to choose from, and fair presence of private label products are some of the major factors boosting growth of native grass seeds market during the forecast period. According to India Brand Equity Foundation, retail market in India is expected to reach US$ 1,200 billion in 2021 from US$ 795 billion in 2017.
However, the prices paid for seeds of native grass vary from around US$ 5.00-6.00\kg for some grass species to in excess of US$ 1,000.00\kg for other species. Price depends on seed availability, demand, seed size, usage such as biofuel, grazing land forest cover, and labor that is required to harvest the native grass seed. These factors are expected to hinder growth of the market over the forecast period.
The global native grass seeds market was valued at US$ 8,493.2 million in 2018, and is expected to register a CAGR of 8.6% in terms of revenue over the forecast period (2019 – 2027), to reach US$ 17,651.9 million by 2027.
Figure 1. Global Native Grass Seeds Market Share (%), By Region, 2018
Source: Coherent Market Insights, 2018-19
Among product type, mixture segment accounted for the largest market share in the global native grass seeds market in 2018. Mixture of warm and cool native grass seeds is used to overcome the problems associated with warm and cool season grass seeds. Mixture offers benefits of both types of native seeds irrespective of the season. The variety of grass seed mixture is selectively bred to obtain properties such as low mowing requirement, low fertilizer use, drought & heat tolerance, and green color throughout the year. Therefore, such factors are expected to boost growth of this segment during the forecast period.
Furthermore, native grass also creates a deep and extensive root system, which helps to stabilize the soil column and create an environment that is favorable for development of fertile soil that is rich in organic matter while absorbing the excess nutrients from runoff and enhancing infiltration during periods of heavy rain as well as drought.
Organic materials such as crop residue and wood are extensively adopted in the manufacturing of biofuels globally. Native grasses are an excellent species for biofuel production, owing to their wide adaptation, low inputs, ability to grow on poor soils, limited problems with pests, and relatively high biomass yield. Therefore, native grass seeds are extensively used for growing native grasses to increase availability of biofuel feedstock.
Figure 2. Global Native Grass Seeds Market Share (%), by Application, 2018
Source: Coherent Market Insights, 2018-19
Major players operating in the native grass seeds market include, Millborn Seeds Inc., Outsidepride.com, Inc., Star Seed Inc., Wildflower Farm, Prairie Seed Farms, Bamert Seed Company, Everwilde Farms, Inc., American Meadows, Missouri Seeds Southern, Hedgerow Farms, Roundstone Native Seeds LLC, and others.
Furthermore, key players in the market are focused on adopting strategies such as technological development and collaborations in order to strengthen their footprint in the global native grass seeds market. For instance, on June 2013, Gladstone Investment Corporation announced that, it participated in the acquisition of Star Seed, Inc. investing US$ 9.0 million. Star Seed has become a recognized leader in the national seed market. Based in Osborne, Kansas, Star Seed provides its customers with a variety of specialty seeds and related products. Such activities are expected to have positive impact on growth of the market over the forecast period.
Native grasses, either individually or in combination with native forbs or wildflowers, can be planted to reduce soil erosion and sedimentation, improve water quality, and provide wildlife habitat. Native grasses offer advantages such as less maintenance, require less water, provide variation in color & texture, require less fertilizer use and less mowing. Such benefits are fueling demand for native grass seeds in landscaping.
The major benefits of native grass in hay-land are ease of maintenance, dependable production, and harvest during a normal lull in farming operations. Native grass seeds comes in blended varieties and have many applications such as protecting the soil as cover crops, grow better pasture for cattle, sheep, and horses, re-vegetation and restoration, etc. Therefore, significant increasing demand for native grass from animal grazing and hay sector is expected to drive growth of the native grass seeds market during the forecast period.
Market Dynamics
Among applications, the land conservation and rehabilitation segment is expected to witness significant market share in the global native grass seeds market. In 2018, the segment accounted for 52.0% share in the global native grass seeds market in terms of revenue. Native grasses & legumes, single or in combination reduce soil erosion & soil runoff when rotationally cultivated with main crops, which helps to improve crop yield. Therefore, such factors are projected to drive growth of the land conservation and rehabilitation segment over the forecast period.
Among regions, North America held dominant position in the global native grass seeds market, in terms of revenue share, in 2018. This is owing to increasing demand for fertilizers and significant growth of agriculture sector. According to United States Department of Agriculture, in 2017, Agriculture, food, and related industries contributed US$ 1.053 trillion to U.S. gross domestic product (GDP), a 5.4-percent share out of which America’s farms contributed about 1 percent of GDP i.e. nearly US$ 132.8 billion of this sum.
Key features of the study:
- This report provides in-depth analysis of native grass seeds market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR%) for the forecast period (2019 – 2027), considering 2018 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 key players in the global native grass seeds 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 include, Millborn Seeds Inc., Outsidepride.com, Inc., Star Seed Inc., Wildflower Farm, Prairie Seed Farms, Bamert Seed Company, Everwilde Farms, Inc., American Meadows, Missouri Seeds Southern, Hedgerow Farms, Roundstone Native Seeds LLC, and others.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
- The global native grass seeds market report caters to various stakeholders in this industry including investors, suppliers, native grass seeds manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the native grass seeds market
Detailed Segmentation:
- Global Native Grass Seeds Market, By Product Type:
- Warm Season
- Cool Season
- Mixture
- Global Native Grass Seeds Market, By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- Global Native Grass Seeds Market, By Distribution Channel:
- Offline Stores
- Online Stores
- Global Native Grass Seeds Market, By Region:
- North America
- U.S.
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- Canada
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- South America
- Brazil
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- Argentina
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- Rest of South America
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- Europe
- Denmark
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- U.K.
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- Germany
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- Netherlands
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- France
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- Rest of Europe
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- Asia Pacific
- China
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- New Zealand
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- ASEAN
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- Australia
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- Rest of Asia Pacific
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- Middle East & Africa
- Middle East
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- Africa
- By Product Type:
- Warm Season
- Cool Season
- Mixture
- By Application:
- Land Conservation & Rehabilitation
- Landscaping
- Animal Grazing & Hay
- Biofuel
- Fertilizers
- By Distribution Channel:
- Offline Stores
- Online Stores
- Company Profiles
- Millborn Seeds Inc.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Outsidepride.com, Inc.
- Star Seed Inc.
- Wildflower Farm
- Prairie Seed Farms
- Bamert Seed Company
- Everwilde Farms, Inc.
- American Meadows
- Missouri Seeds Southern
- Hedgerow Farms
- Roundstone Native Seeds LLC
“*” 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 Application
- 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
- PEST Analysis
- PORTER Analysis
- Industry Trend
- Mergers and Acquisitions
- Cost Tier Down Analysis
- Global Native Grass Seeds Market, By Product Type, 2017 - 2027 (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, 2019 - 2027
- Segment Trends
- Warm Season
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million)
- Cool Season
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million)
- Mixture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million)
- Global Native Grass Seeds Market, By Application, 2017 - 2027 (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, 2019 - 2027
- Segment Trends
- Land Conservation & Rehabilitation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million)
- Landscaping
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million)
- Animal Grazing & Hay
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million)
- Biofuel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million)
- Fertilizers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million)
- Global Native Grass Seeds Market, By Distribution Channel, 2017 - 2027 (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, 2019 - 2027
- Segment Trends
- Offline Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million)
- Online Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million)
- Global Native Grass Seeds Market, By Region, 2017- 2027 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, For Regions, 2019 - 2027
- North America
- Market Share Analysis, By Country, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2027
- U.S.
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- Canada
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- South America
- Market Share Analysis, By Country, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2027
- Brazil
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- Argentina
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- Rest of South America
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- Europe
- Market Share Analysis, By Country, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2027
- Denmark
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- U.K.
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- Germany
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- Netherlands
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- France
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- Asia Pacific
- Market Share Analysis, By Country, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2027
- China
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- New Zealand
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- ASEAN
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- Australia
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- Middle East & Africa
- Market Share Analysis, By Country, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2027
- Middle East
- Regional Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- Africa
- Regional Trends
- Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Million)
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Millborn Seeds Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Outsidepride.com Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Star Seed Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Wildflower Farm
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Prairie Seed Farms
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Bamert Seed Company
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Everwilde Farms, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- American Meadows
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Missouri Seeds Southern
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Hedgerow Farms
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Roundstone Native Seeds LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Section
- References
- Research Methodology
- About us and Sales Contact
* Browse 32 market data tables* and 16 figures* on "Native Grass Seeds Market” - Global forecast to 2027.
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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