Tower Crane Market By Product Type (Fast-erecting, Hammer Head Cranes, Luffing Jib Cranes, Self-Erecting Cranes, Mobile Cranes), By Application (Building & Construction, Residential, Infrastructure, Civic Infrastructure, Marine & Sea Ports, Mining, Others), and By Region - Overall In-depth Analysis, Global Market Share, Top Trends, Professional & Technical Industry Insights 2020 - 2026

Machinery & Equipment Syndicate Market Research Pages: 130 Report ID: 4276

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Report Description

This report is a comprehensive study providing a detailed analysis of the tower crane market. The report defines the product type of tower crane along with its application in various industry verticals with reference to various regions and major countries. Further, the study has identified and studied all the major players operating in the global tower crane market space and equated based on various parameters such as market revenue, annual sales volume, historical growth rate, and business strategies. Based on all these insights, the global tower crane market report recommends a business strategy for the current market participants to strengthen their market positions. Moreover, the report also suggests a market entry strategy for the new market entrants.

Furthermore, the tower crane market report has also identified the major vendors and distributors operating in all the major regions. This analysis and data is expected to help the market players to strengthen their market distribution channels and expand their geographical reach.

Tower Crane Market Strategic Analysis 

The tower crane market report has analyzed the market using various marketing tools such as Porter’s Five Forces Analysis, player positioning analysis, SWOT analysis, market share analysis, and value chain analysis. In Porter’s Five Forces analysis, the market dynamics and factors such as the threat of substitute for tower crane, threat of new entrants in the tower crane market, bargaining power of buyers, bargaining power of suppliers to tower crane providing companies, and internal rivalry among the tower crane providers are analyzed to provide the readers of the report with a detailed view of the market current dynamics.

This analysis helps the users of the report to evaluate the tower crane market based on various parameters such as economies of scale, switching costs, brand loyalty, existing distribution channels, capital investments, manufacturing rights & patents, government regulations, the impact of advertisements, and impact of consumer’s preferences. This all summarized data is anticipated to help the key decision-makers of the industry in the decision-making process. Further, this analysis also answers the imperative question for new entrants to enter the tower crane market or not.

Tower Crane Market Key Trends Analysis

The report has analyzed the major factors which are impacting the growth of tower crane market. Driving factors that are positively impacting the demand for tower crane and restraining factors that are hindering the growth of tower crane market are discussed in detail along with their impacts on the global tower crane market. Further, the trends which are shaping the market and impacting the growth of the market are identified and discussed in detail in the reported study. Moreover, other qualitative factors such as risks associated with the operations and major challenges faced by the players in the market space are included in the report.

Tower Crane Market Key Segment Analysis

The study provides a decisive view on the tower crane by segmenting the market based on product type, application, and region. All the segments of the tower crane market have been analyzed based on present and future trends. The data for the market and its segments are forecast for 2020 to 2026. The report has identified the segments contributing most to the overall market growth in terms of revenue along with the factors boosting their growth.

Based on product type, the global tower crane market is segmented into Fast-erecting, Hammer Head Cranes, Luffing Jib Cranes, Self-Erecting Cranes, Mobile Cranes. Detailed qualitative as well as quantitative product type segment analysis will be provided in the report for 2016 to 2026.

Based on application market is segmented into Building & Construction, Residential, Infrastructure, Civic Infrastructure, Marine & Sea Ports, Mining, Others. Various potential opportunities and factors affecting the different application are analyzed and included in the report study.

Tower Crane Market Regional Trends and Market Player’s Analysis

Regionally, the market is divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Wherein, North America dominated the global tower crane market in 2019. Over the forecast period, the Asia Pacific region is anticipated to witness the highest CAGR for the tower crane market. 

Tower Crane Market Size By Region

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Major companies holding significant market shares in the global tower crane market are analyzed considering their market revenue, market shares, business strategies, recent developments, and growth rates. Recent events for these companies such as new solution/product launches, research initiatives, acquisitions, geographical expansions, and technological advancements are considered in finalizing their position in the tower crane market player positioning. The information provided in the tower crane market research study is expected to be helpful for all the key stakeholders of the tower crane value chain and technology ecosystem.

The report provides company market share analysis in order to give a broader overview of the key players in the tower crane market. Major players in the global tower crane market are Sarens n.v./s.a., Mediaco, Maxim Crane Works, L.P., Action Construction Equipment Ltd, Liebherr, Terex Corporation, GRT Tower Cranes, Mammoet, Tiong Woon Corporation Holding Ltd, E-Cranes, Anupam Industries Limited, Construcciones Metálicas Comansa S.A, and Zoomlion ElectroMech India Pvt Ltd, among others.

Scope of the report

Report Scope Details
Base Year: 2019 Historical Data for: 2016 to 2018
Forecast Period: 2020 to 2026 Pages: 130
Market representation Revenue in USD Million & CAGR from 2020 to 2026
Geographies covered: USA, Canada, Mexico, Brazil, Argentina, U.K., Germany, Italy, France, Spain, China, Japan, India, Australia, Saudi Arabia, Qatar, UAE, South Africa, etc.
Segments covered: Product Type, and Application
Companies covered: Sarens n.v./s.a., Mediaco, Maxim Crane Works, L.P., Action Construction Equipment Ltd, Liebherr, Terex Corporation, GRT Tower Cranes, Mammoet, Tiong Woon Corporation Holding Ltd, E-Cranes, Anupam Industries Limited, Construcciones Metálicas Comansa S.A, and Zoomlion ElectroMech India Pvt Ltd
Report coverage Revenue forecast, company share, competitive landscape, growth factors and trends
Free customization scope (equivalent to 5 analyst working days) If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Major Highlights of the Tower Crane Market report study:

  • A detailed look at the global tower crane Industry
  • The report analyzes the global tower crane market and provides its stakeholders with significant actionable insights
  • The report has considered all the major developments in the recent past, helping the users of the report with recent industry updates
  • The report study is expected to help the key decision-makers in the industry to assist them in the decision-making process
  • The study includes data on market intelligence, changing market dynamics, current and expected market trends, etc.
  • The report comprises an in-depth analysis of macroeconomic and microeconomic factors affecting the global tower crane market
  • Market Ecosystem and adoption across market regions
  • Major trends shaping the global tower crane market
  • Historical and forecast size of the tower crane market in terms of Revenue (USD Million) 
  • Recent industry development and consumer preference trends
  • Competitive Landscape and player positioning analysis for the global tower crane market
  • Key products and solution offerings by major players and business strategies adopted
  • Recommendations for new market entrants and current players operating in the market space 
  • Analysis of niche and potential segments (product type, application, and regions/countries) anticipated to observed promising growth 
  • Key challenges faced by operating players in the market space
  • Analysis of major risks associated with the market operations 

The report segment of the global tower crane market as follows:

Global Tower Crane Market: By Product Type

  • Fast-erecting
  • Hammer Head Cranes
  • Luffing Jib Cranes
  • Self-Erecting Cranes
  • Mobile Cranes
Global Tower Crane Market: By Application
  • Building & Construction
  • Residential
  • Infrastructure
  • Civic Infrastructure
  • Marine & Sea Ports
  • Mining
  • Others
Global Tower Crane Market: By Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China 
    • Japan
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

The report study is drafted to provide actionable insights to the following mentioned audience:

  1. Research Institutes, consulting firm
  2. Companies aspire to enter the tower crane market
  3. Student and universities 
  4. Solution Providers, product providers, service providers, and other players in the tower crane market space
  5. Associated private firms and government bodies
  6. Individual who want to learn about tower crane market 
  1. Preface
    1. Report Description and Scope
    2. Research Scope
    3. Research Methodology
      1. Market Research Process
      2. Market Research Methodology
  2. Executive Summary
    1. Tower Crane Market, 2016-2026 (USD Million)
    2. Tower Crane Market: Snapshot
  3. Tower Crane - Industry Analysis
    1. Tower Crane: Market Dynamics
    2. Market Drivers
      1. Driver 1
      2. Driver 2
    3. Restraints
      1. Restraint 1
      2. Restraint 2
    4. Opportunity
      1. Government funding and support
    5. Porter’s Five Forces Analysis
    6. Market Attractiveness Analysis
      1. Market attractiveness analysis By Product
      2. Market attractiveness analysis By Application
      3. Market attractiveness analysis by Region
  4. Tower Crane Market - Competitive Landscape
    1. Company market share analysis
      1. Global Tower Crane Market: company market share, 2019
    2. Strategic development
      1. Acquisitions & mergers
      2. New Product launches
      3. Agreements, partnerships, collaborations and joint ventures
      4. Research and development and Regional expansion
    3. Price trend analysis
  5. Global Tower Crane Market -Product Type Analysis
    1. Global Tower Crane Market overview: By Product Type
      1. Global Tower Crane Market share, By Product Type,2019 and 2026
    2. Fast-erecting
      1. Global Tower Crane Market by Fast-erecting, 2016-2026 (USD Million)
    3. Hammer Head Cranes
      1. Global Tower Crane Market by Hammer Head Cranes, 2016-2026 (USD Million)
    4. Luffing Jib Cranes
      1. Global Tower Crane Market by Luffing Jib Cranes, 2016-2026 (USD Million)
    5. Self-Erecting Cranes
      1. Global Tower Crane Market by Self-Erecting Cranes, 2016-2026 (USD Million)
    6. Mobile Cranes
      1. Global Tower Crane Market by Mobile Cranes, 2016-2026 (USD Million)
  6. Global Tower Crane Market -Application Analysis
    1. Global Tower Crane Market overview: By Application
      1. Global Tower Crane Market share, By Application,2019 and 2026
    2. Building & Construction
      1. Global Tower Crane Market by Building & Construction, 2016-2026 (USD Million)
    3. Residential
      1. Global Tower Crane Market by Residential, 2016-2026 (USD Million)
    4. Infrastructure
      1. Global Tower Crane Market by Infrastructure, 2016-2026 (USD Million)
    5. Civic Infrastructure
      1. Global Tower Crane Market by Civic Infrastructure, 2016-2026 (USD Million)
    6. Marine & Sea Ports
      1. Global Tower Crane Market by Marine & Sea Ports, 2016-2026 (USD Million)
    7. Mining
      1. Global Tower Crane Market by Mining, 2016-2026 (USD Million)
    8. Others
      1. Global Tower Crane Market by Others, 2016-2026 (USD Million)
  7. Global Tower Crane Market - Regional Analysis
    1. Global Tower Crane Market overview: by Region
      1. Global Tower Crane Market share, by Region, 2019 and 2026
    2. North America
      1. North America Tower Crane Market, 2016-2026 (USD Million)
      1. North America Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      1. North America Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      1. U.S. Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      2. U.S. Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      3. Canada Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      4. Canada Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      5. Mexico Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      6. Mexico Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
    3. Europe
      1. Europe Tower Crane Market, 2016-2026 (USD Million)
      1. Europe Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      1. Europe Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      1. UK Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      2. UK Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      3. Germany Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      4. Germany Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      5. France Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      6. France Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      7. Italy Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      8. Italy Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      9. Spain Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      10. Spain Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      11. Netherlands Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      12. Netherlands Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      13. Rest of Europe Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      14. Rest of Europe Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
    4. Asia Pacific
      1. Asia Pacific Tower Crane Market, 2016-2026 (USD Million)
      1. Asia Pacific Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      1. Asia Pacific Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      1. China Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      2. China Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      3. Japan Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      4. Japan Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      5. India Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      6. India Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      7. Australia Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      8. Australia Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      9. South East Asia Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      10. South East Asia Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      11. South Korea Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      12. South Korea Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      13. Rest of Asia Pacific Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      14. Rest of Asia Pacific Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
    5. Latin America
      1. Latin America Tower Crane Market, 2016-2026 (USD Million)
      1. Latin America Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      1. Latin America Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      1. Brazil Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      2. Brazil Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      3. Argentina Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      4. Argentina Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      5. Chile Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      6. Chile Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      7. Rest of Latin America Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      8. Rest of Latin America Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
    6. Middle East & Africa
      1. Middle East & Africa Tower Crane Market, 2016-2026 (USD Million)
      1. Middle East & Africa Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      1. Middle East & Africa Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      1. GCC Countries Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      2. GCC Countries Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      3. Nigeria Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      4. Nigeria Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      5. South Africa Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      6. South Africa Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
      7. Rest of Middle East & Africa Tower Crane Market revenue, By Product Type, 2016-2026 (USD Million)
      8. Rest of Middle East & Africa Tower Crane Market revenue, By Application, 2016-2026 (USD Million)
  8. Company Profiles
    1. Sarens n.v./s.a.
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    2. Mediaco
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    3. Maxim Crane Works
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    4. L.P.
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    5. Action Construction Equipment Ltd
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    6. Liebherr
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    7. Terex Corporation
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    8. GRT Tower Cranes
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    9. Mammoet
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    10. Tiong Woon Corporation Holding Ltd
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    11. E-Cranes
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    12. Anupam Industries Limited
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    13. Construcciones Metálicas Comansa S.A
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    14. and Zoomlion ElectroMech India Pvt Ltd
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments

 

List of Figures

  1. Market research process
  2. Market research methodology
  3. Global Tower Crane Market, 2016-2026 (USD Million)
  4. Porter’s Five Forces Analysis
  5. Global Tower Crane Market attractiveness, By Product Type
  6. Global Tower Crane Market attractiveness, By Application
  7. Global Tower Crane market share, By Product Type, 2019 and 2026
  8. Global Tower Crane Market by Fast-erecting, 2016-2026 (USD Million)
  9. Global Tower Crane Market by Hammer Head Cranes, 2016-2026 (USD Million)
  10. Global Tower Crane Market by Luffing Jib Cranes, 2016-2026 (USD Million)
  11. Global Tower Crane Market by Self-Erecting Cranes, 2016-2026 (USD Million)
  12. Global Tower Crane Market by Mobile Cranes, 2016-2026 (USD Million)
  13. Global Tower Crane market share, By Application, 2019 and 2026
  14. Global Tower Crane Market by Building & Construction, 2016-2026 (USD Million)
  15. Global Tower Crane Market by Residential, 2016-2026 (USD Million)
  16. Global Tower Crane Market by Infrastructure, 2016-2026 (USD Million)
  17. Global Tower Crane Market by Civic Infrastructure, 2016-2026 (USD Million)
  18. Global Tower Crane Market by Marine & Sea Ports, 2016-2026 (USD Million)
  19. Global Tower Crane Market by Mining, 2016-2026 (USD Million)
  20. Global Tower Crane Market by Others, 2016-2026 (USD Million)
  21. Global Tower Crane Market share, by Region, 2019 and 2026
  22. North America Tower Crane Market, 2016-2026 (USD Million)
  23. Europe Tower Crane Market, 2016-2026 (USD Million)
  24. Asia Pacific Tower Crane Market, 2016-2026 (USD Million)
  25. Latin America Tower Crane Market, 2016-2026 (USD Million)
  26. Middle East & Africa Tower Crane Market, 2016-2026 (USD Million)

 

List of Tables

  1. Global Tower Crane Market: snapshot
  2. Drivers of the Tower Crane Market: impact analysis
  3. Restraints of the Tower Crane Market: impact analysis
  4. North America Tower Crane Market revenue, By Product Type,2016-2026 (USD Million)
  5. North America Tower Crane Market revenue, By Application,2016-2026 (USD Million)
  6. Europe Tower Crane Market revenue, By Product Type,2016-2026 (USD Million)
  7. Europe Tower Crane Market revenue, By Application,2016-2026 (USD Million)
  8. Asia Pacific Tower Crane Market revenue, By Product Type,2016-2026 (USD Million)
  9. Asia Pacific Tower Crane Market revenue, By Application,2016-2026 (USD Million)
  10. Latin America Tower Crane Market revenue, By Product Type,2016-2026 (USD Million)
  11. Latin America Tower Crane Market revenue, By Application,2016-2026 (USD Million)
  12. Middle East & Africa Tower Crane Market revenue, By Product Type,2016-2026 (USD Million)
  13. Middle East & Africa Tower Crane Market revenue, By Application,2016-2026 (USD Million)
  • Sarens n.v./s.a.
  • Mediaco
  • Maxim Crane Works
  • L.P.
  • Action Construction Equipment Ltd
  • Liebherr
  • Terex Corporation
  • GRT Tower Cranes
  • Mammoet
  • Tiong Woon Corporation Holding Ltd
  • E-Cranes
  • Anupam Industries Limited
  • Construcciones Metálicas Comansa S.A
  • and Zoomlion ElectroMech India Pvt Ltd

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An Overview on Research Methodology used at Syndicate Market Research:

1.1 Research Methodology

The process of market research at Syndicate Market Research is an iterative in nature and usually follows following path. Information from secondary is used to build data models, further the results obtained from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new information is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the market providers. The revenue generated from the sales of market is calculated through primary and secondary research. The key players operating in the market across the globe are identified through secondary research and a corresponding detailed analysis of the top vendors in the market is done. The market size calculation also includes clinical trial phase segmentation determined using secondary sources and verified through primary sources.

1.2 Secondary Research

The secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The sources for secondary research includes but is not limited to: Factiva, Hoovers and Statista

1.3 Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ clinical trial phase managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4 Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data types to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways - Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.

1.5 Research Limitations

Inflation is not a part of pricing in this report. Prices of the products and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each type has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end user in each region.

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