Key Insights
The global asphalt pavers market, valued at $2.4 billion in 2025, is projected to experience robust growth, driven by increasing infrastructure development worldwide and a rising demand for efficient road construction and maintenance. A compound annual growth rate (CAGR) of 5% from 2025 to 2033 indicates a significant market expansion, reaching an estimated value exceeding $3.6 billion by 2033. Key drivers include government investments in infrastructure projects, particularly in developing nations experiencing rapid urbanization, along with the growing adoption of technologically advanced pavers that enhance paving efficiency and reduce labor costs. Trends such as the increasing use of sustainable paving materials and environmentally friendly technologies are further shaping market dynamics. While rising raw material costs and potential economic fluctuations could pose challenges, the long-term outlook for the asphalt pavers market remains positive, fueled by consistent demand and technological innovation.
Asphalt Pavers Market Market Size (In Billion)
The market is segmented by type (tracked pavers, wheeled pavers, screeds) and paving range (less than, above a specified metric – specific values needing further information to provide precise estimations). Major players like Fayat Group, Wirtgen America Inc., Sumitomo IHI Construction Machinery, Astec Industries, Volvo Construction Equipment, Caterpillar Inc., Ammann Group, Leeboy Inc., and XCMG Construction Machinery dominate the market through their comprehensive product portfolios and global presence. Regional analysis indicates strong growth across North America (particularly the US), Europe, and Asia-Pacific (led by China and India), with developing economies contributing significantly to the overall market expansion. The market is expected to witness increased competition, with companies focusing on product innovation, strategic partnerships, and geographical expansion to maintain market share and capitalize on growth opportunities.
Asphalt Pavers Market Company Market Share
Asphalt Pavers Market: A Comprehensive Report (2019-2033)
This in-depth report provides a comprehensive analysis of the global Asphalt Pavers Market, offering invaluable insights for industry stakeholders, investors, and strategic decision-makers. Covering the period 2019-2033, with a focus on 2025, this report meticulously examines market dynamics, trends, leading players, and future growth opportunities. Expect detailed segmentation analysis, exploring Tracked Pavers, Wheeled Pavers, and Screeds across various paving ranges (less than X m and above X m), alongside regional breakdowns to pinpoint lucrative investment areas. The report leverages rigorous data analysis and insightful interpretations to deliver actionable intelligence, equipping you with the knowledge to navigate this dynamic market effectively. The total market size is projected to reach xx Million by 2033.
Asphalt Pavers Market Dynamics & Concentration
The Asphalt Pavers market exhibits a moderately concentrated landscape, with several key players holding significant market share. The market share of the top 5 players is estimated at approximately 45% in 2025. This concentration is driven by economies of scale, strong brand recognition, and extensive distribution networks. Innovation is a key driver, with companies constantly striving to improve efficiency, reduce emissions, and enhance paving quality. Stringent regulatory frameworks concerning emissions and safety standards influence product development and market dynamics. Substitute products, such as alternative paving materials, pose limited threats due to the durability and established infrastructure reliance on asphalt paving. End-user trends indicate a growing focus on sustainability and automation, prompting increased adoption of technologically advanced pavers. The market has witnessed notable M&A activity, with several significant deals reshaping the competitive landscape.
- Market Concentration: Moderately concentrated, top 5 players holding ~45% market share in 2025.
- Innovation Drivers: Efficiency improvements, emission reduction, enhanced paving quality.
- Regulatory Frameworks: Stringent emissions and safety standards.
- Product Substitutes: Limited threat from alternative materials.
- End-user Trends: Growing demand for sustainable and automated solutions.
- M&A Activity: Significant deals impacting market structure (e.g., the Ammann Group's acquisition of Volvo CE’s ABG Paver Business). The number of M&A deals in the historical period (2019-2024) was approximately 12, with a projected increase to 15 in the forecast period (2025-2033).
Asphalt Pavers Market Industry Trends & Analysis
The global Asphalt Pavers market is on a robust growth trajectory, propelled by extensive infrastructure development initiatives and increased government investments in road construction and refurbishment projects worldwide. A significant trend within the market is the accelerating adoption of automation and sophisticated technological integrations, such as GPS navigation, advanced sensor arrays, and data analytics platforms. These innovations are pivotal in achieving superior precision, optimizing operational efficiency, and enhancing overall project outcomes. Concurrently, there's a growing consumer and industry demand for eco-friendly solutions, which is driving the development and uptake of asphalt pavers designed for reduced emissions and improved fuel economy. The competitive landscape is characterized by fierce competition among major manufacturers, who are actively prioritizing innovation, product differentiation through specialized features, and stringent cost optimization strategies to maintain market share and foster growth. Projections indicate a Compound Annual Growth Rate (CAGR) of approximately 5.5% for the period between 2025 and 2033, with market penetration expected to reach an impressive 78% by 2033 in key global regions, underscoring the market's strong potential.
Leading Markets & Segments in Asphalt Pavers Market
The North American region currently dominates the Asphalt Pavers market, driven by extensive highway infrastructure projects and robust economic activity. Within the segments, tracked pavers hold the largest market share, owing to their superior traction and stability, particularly in challenging terrains. The "above X m" paving range also holds significant share due to large-scale infrastructure projects.
- Key Drivers in North America: Robust infrastructure development, government funding for road construction, and a strong construction sector.
- Tracked Pavers Dominance: Superior traction and stability for varied terrain conditions.
- "Above X m" Paving Range: Catering to large-scale infrastructure projects.
- Europe: Significant market share driven by renovation and expansion of existing infrastructure.
Asphalt Pavers Market Product Developments
Recent product innovations in the asphalt paver segment are heavily focused on augmenting operational efficiency, advancing automation capabilities, and minimizing environmental impact. New generation models are being equipped with state-of-the-art control systems for more precise operation, refined screed technologies for superior mat quality, and integrated emission reduction systems to meet stringent environmental regulations. These technological advancements collectively contribute to improved paving quality, significant reductions in operating costs for end-users, and a bolstered sustainability profile for construction projects, thereby directly addressing evolving market demands and intensifying competitive pressures.
Key Drivers of Asphalt Pavers Market Growth
The expansion of the asphalt pavers market is predominantly driven by a confluence of significant factors. A primary catalyst is the escalating global investment in vital infrastructure projects, coupled with proactive government policies aimed at enhancing and expanding national road networks. Technological advancements are also playing a crucial role, leading to more efficient and automated paving operations. Furthermore, there's a pronounced and growing emphasis on sustainable construction practices across the industry, influencing the design and functionality of paving equipment. The widespread adoption of cutting-edge technologies, including GPS-guided paving systems and automated screeds, demonstrably improves paving accuracy, minimizes material wastage, and optimizes project timelines, all of which are critical for sustained market growth.
Challenges in the Asphalt Pavers Market
Despite the positive growth outlook, the asphalt pavers market is confronted with several significant challenges. Volatility in raw material prices can directly impact manufacturing costs and profit margins. Persistent supply chain disruptions pose a risk to the timely availability of components and finished products, potentially inflating costs and delaying project execution. The market is also characterized by intense competition, demanding continuous innovation and efficient operations. Furthermore, adherence to evolving regulatory compliance and increasingly stringent emission standards adds complexity and can escalate production costs. For instance, significant supply chain disruptions experienced in 2022 led to an estimated 3% reduction in overall production output, highlighting the sensitivity of the market to external economic and logistical factors.
Emerging Opportunities in Asphalt Pavers Market
The market presents significant opportunities, notably the growing demand for electric or hybrid asphalt pavers to reduce environmental impact. Strategic partnerships and collaborations among manufacturers and technology providers can drive innovation and market expansion. Expansion into emerging economies with developing infrastructure offers substantial growth potential.
Leading Players in the Asphalt Pavers Market Sector
Key Milestones in Asphalt Pavers Market Industry
- December 2023: The Ammann Group's strategic acquisition of Volvo CE’s ABG Paver Business has significantly reshaped the competitive landscape and market dynamics.
- May 2023: Attentive.ai Inc. has introduced an innovative automated property measurement tool, which is poised to enhance the efficiency of paving maintenance operations.
- March 2023: Caterpillar Inc. has broadened its Paving Products portfolio by launching a new compact line of asphalt pavers and screeds, thereby increasing product diversity and catering to a wider range of construction needs.
Strategic Outlook for Asphalt Pavers Market Market
The Asphalt Pavers market is poised for sustained growth, driven by infrastructure development and technological advancements. Strategic investments in research and development, focusing on automation, sustainability, and emission reduction, will be crucial for achieving long-term competitiveness. Expanding into emerging markets and strategic partnerships will further enhance market penetration and profitability.
Asphalt Pavers Market Segmentation
-
1. Type
- 1.1. Tracked Pavers
- 1.2. Wheeled Pavers
- 1.3. Screeds
-
2. Paving Range
- 2.1. Less than 1.5 m
- 2.2. 1.5 m to 2.3 m
- 2.3. 2.4 m to 2.55 m
- 2.4. Above 2.55 m
Asphalt Pavers Market Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Rest of North America
-
2. Europe
- 2.1. Germany
- 2.2. United Kingdom
- 2.3. France
- 2.4. Italy
- 2.5. Rest of Europe
-
3. Asia Pacific
- 3.1. China
- 3.2. India
- 3.3. Japan
- 3.4. South Korea
- 3.5. Rest of Asia Pacific
-
4. Rest of World
- 4.1. Mexico
- 4.2. Brazil
- 4.3. United Arab Emirates
- 4.4. Other Countries
Asphalt Pavers Market Regional Market Share
Geographic Coverage of Asphalt Pavers Market
Asphalt Pavers Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.00% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increase in Construction Activities in Asia-Pacific
- 3.3. Market Restrains
- 3.3.1. Construction Rental Business May Hamper The Target Market Growth
- 3.4. Market Trends
- 3.4.1. Track Pavers Segment Holds the Highest Share in the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Asphalt Pavers Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Tracked Pavers
- 5.1.2. Wheeled Pavers
- 5.1.3. Screeds
- 5.2. Market Analysis, Insights and Forecast - by Paving Range
- 5.2.1. Less than 1.5 m
- 5.2.2. 1.5 m to 2.3 m
- 5.2.3. 2.4 m to 2.55 m
- 5.2.4. Above 2.55 m
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Rest of World
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. North America Asphalt Pavers Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Tracked Pavers
- 6.1.2. Wheeled Pavers
- 6.1.3. Screeds
- 6.2. Market Analysis, Insights and Forecast - by Paving Range
- 6.2.1. Less than 1.5 m
- 6.2.2. 1.5 m to 2.3 m
- 6.2.3. 2.4 m to 2.55 m
- 6.2.4. Above 2.55 m
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. Europe Asphalt Pavers Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Tracked Pavers
- 7.1.2. Wheeled Pavers
- 7.1.3. Screeds
- 7.2. Market Analysis, Insights and Forecast - by Paving Range
- 7.2.1. Less than 1.5 m
- 7.2.2. 1.5 m to 2.3 m
- 7.2.3. 2.4 m to 2.55 m
- 7.2.4. Above 2.55 m
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Asia Pacific Asphalt Pavers Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Tracked Pavers
- 8.1.2. Wheeled Pavers
- 8.1.3. Screeds
- 8.2. Market Analysis, Insights and Forecast - by Paving Range
- 8.2.1. Less than 1.5 m
- 8.2.2. 1.5 m to 2.3 m
- 8.2.3. 2.4 m to 2.55 m
- 8.2.4. Above 2.55 m
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Rest of World Asphalt Pavers Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Tracked Pavers
- 9.1.2. Wheeled Pavers
- 9.1.3. Screeds
- 9.2. Market Analysis, Insights and Forecast - by Paving Range
- 9.2.1. Less than 1.5 m
- 9.2.2. 1.5 m to 2.3 m
- 9.2.3. 2.4 m to 2.55 m
- 9.2.4. Above 2.55 m
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Competitive Analysis
- 10.1. Global Market Share Analysis 2025
- 10.2. Company Profiles
- 10.2.1 Fayat Group
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 Wirtgen America Inc
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 Sumitomo IHI Construction Machinery Co Ltd*List Not Exhaustive
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 Astec Industry Inc
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 Volvo Construction Equipment
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 Caterpillar Inc
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 Ammann Group
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 Leeboy Inc
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 XCMG Construction Machinery Co Ltd
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.1 Fayat Group
List of Figures
- Figure 1: Global Asphalt Pavers Market Revenue Breakdown (Million, %) by Region 2025 & 2033
- Figure 2: North America Asphalt Pavers Market Revenue (Million), by Type 2025 & 2033
- Figure 3: North America Asphalt Pavers Market Revenue Share (%), by Type 2025 & 2033
- Figure 4: North America Asphalt Pavers Market Revenue (Million), by Paving Range 2025 & 2033
- Figure 5: North America Asphalt Pavers Market Revenue Share (%), by Paving Range 2025 & 2033
- Figure 6: North America Asphalt Pavers Market Revenue (Million), by Country 2025 & 2033
- Figure 7: North America Asphalt Pavers Market Revenue Share (%), by Country 2025 & 2033
- Figure 8: Europe Asphalt Pavers Market Revenue (Million), by Type 2025 & 2033
- Figure 9: Europe Asphalt Pavers Market Revenue Share (%), by Type 2025 & 2033
- Figure 10: Europe Asphalt Pavers Market Revenue (Million), by Paving Range 2025 & 2033
- Figure 11: Europe Asphalt Pavers Market Revenue Share (%), by Paving Range 2025 & 2033
- Figure 12: Europe Asphalt Pavers Market Revenue (Million), by Country 2025 & 2033
- Figure 13: Europe Asphalt Pavers Market Revenue Share (%), by Country 2025 & 2033
- Figure 14: Asia Pacific Asphalt Pavers Market Revenue (Million), by Type 2025 & 2033
- Figure 15: Asia Pacific Asphalt Pavers Market Revenue Share (%), by Type 2025 & 2033
- Figure 16: Asia Pacific Asphalt Pavers Market Revenue (Million), by Paving Range 2025 & 2033
- Figure 17: Asia Pacific Asphalt Pavers Market Revenue Share (%), by Paving Range 2025 & 2033
- Figure 18: Asia Pacific Asphalt Pavers Market Revenue (Million), by Country 2025 & 2033
- Figure 19: Asia Pacific Asphalt Pavers Market Revenue Share (%), by Country 2025 & 2033
- Figure 20: Rest of World Asphalt Pavers Market Revenue (Million), by Type 2025 & 2033
- Figure 21: Rest of World Asphalt Pavers Market Revenue Share (%), by Type 2025 & 2033
- Figure 22: Rest of World Asphalt Pavers Market Revenue (Million), by Paving Range 2025 & 2033
- Figure 23: Rest of World Asphalt Pavers Market Revenue Share (%), by Paving Range 2025 & 2033
- Figure 24: Rest of World Asphalt Pavers Market Revenue (Million), by Country 2025 & 2033
- Figure 25: Rest of World Asphalt Pavers Market Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Asphalt Pavers Market Revenue Million Forecast, by Type 2020 & 2033
- Table 2: Global Asphalt Pavers Market Revenue Million Forecast, by Paving Range 2020 & 2033
- Table 3: Global Asphalt Pavers Market Revenue Million Forecast, by Region 2020 & 2033
- Table 4: Global Asphalt Pavers Market Revenue Million Forecast, by Type 2020 & 2033
- Table 5: Global Asphalt Pavers Market Revenue Million Forecast, by Paving Range 2020 & 2033
- Table 6: Global Asphalt Pavers Market Revenue Million Forecast, by Country 2020 & 2033
- Table 7: United States Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 8: Canada Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 9: Rest of North America Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 10: Global Asphalt Pavers Market Revenue Million Forecast, by Type 2020 & 2033
- Table 11: Global Asphalt Pavers Market Revenue Million Forecast, by Paving Range 2020 & 2033
- Table 12: Global Asphalt Pavers Market Revenue Million Forecast, by Country 2020 & 2033
- Table 13: Germany Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 14: United Kingdom Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 15: France Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 16: Italy Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 17: Rest of Europe Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 18: Global Asphalt Pavers Market Revenue Million Forecast, by Type 2020 & 2033
- Table 19: Global Asphalt Pavers Market Revenue Million Forecast, by Paving Range 2020 & 2033
- Table 20: Global Asphalt Pavers Market Revenue Million Forecast, by Country 2020 & 2033
- Table 21: China Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 22: India Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 23: Japan Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 24: South Korea Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 25: Rest of Asia Pacific Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 26: Global Asphalt Pavers Market Revenue Million Forecast, by Type 2020 & 2033
- Table 27: Global Asphalt Pavers Market Revenue Million Forecast, by Paving Range 2020 & 2033
- Table 28: Global Asphalt Pavers Market Revenue Million Forecast, by Country 2020 & 2033
- Table 29: Mexico Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 30: Brazil Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 31: United Arab Emirates Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 32: Other Countries Asphalt Pavers Market Revenue (Million) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Asphalt Pavers Market?
The projected CAGR is approximately 5.00%.
2. Which companies are prominent players in the Asphalt Pavers Market?
Key companies in the market include Fayat Group, Wirtgen America Inc, Sumitomo IHI Construction Machinery Co Ltd*List Not Exhaustive, Astec Industry Inc, Volvo Construction Equipment, Caterpillar Inc, Ammann Group, Leeboy Inc, XCMG Construction Machinery Co Ltd.
3. What are the main segments of the Asphalt Pavers Market?
The market segments include Type, Paving Range.
4. Can you provide details about the market size?
The market size is estimated to be USD 2.40 Million as of 2022.
5. What are some drivers contributing to market growth?
Increase in Construction Activities in Asia-Pacific.
6. What are the notable trends driving market growth?
Track Pavers Segment Holds the Highest Share in the Market.
7. Are there any restraints impacting market growth?
Construction Rental Business May Hamper The Target Market Growth.
8. Can you provide examples of recent developments in the market?
December 2023: The Ammann Group and Volvo Construction Equipment (Volvo CE) reached an agreement over the ABG Paver Business. Ammann will acquire Volvo CE’s global ABG Paver Business, including ABG, in Hameln, Germany.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Asphalt Pavers Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Asphalt Pavers Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Asphalt Pavers Market?
To stay informed about further developments, trends, and reports in the Asphalt Pavers Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence