Global Dental Chair Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 238
- CATEGORY
- Healthcare & Life Sciences
In 2021, the market for Dental Chair worldwide was worth $1 billion US dollars. AMR Group projects that the market will reach US$ 1.52 billion by 2031, growing at a CAGR of 6.2 percent between 2022 and 2031.
Industry Overview
A dental chair is a specialized type of chair used in dental clinics or offices, specifically designed to provide comfort to the patient while allowing the dentist or dental hygienist to work effectively. It typically consists of a seat, backrest, armrests, and a headrest, all of which can be adjusted to accommodate the patient's comfort and the dentist's requirements. The dental chair also usually includes foot pedals or buttons that control the chair's position and movement, such as raising or lowering the chair, tilting the backrest, or adjusting the headrest. Additionally, many dental chairs come equipped with various features, such as built-in lights, suction devices, and tray tables, which aid the dentist in performing dental procedures. Overall, the dental chair is a critical piece of equipment that enables dental professionals to perform their work with precision, efficiency, and patient comfort in mind.
Market Dynamics
The dental chair market is influenced by various factors that shape its dynamics. Some of the key market dynamics for dental chairs are:
Increasing Demand: The dental chair market is driven by the increasing demand for dental care services. As dental procedures become more common and advanced, the need for comfortable and efficient dental chairs also increases.
Technological Advancements: With the advancements in technology, dental chairs are becoming more advanced and sophisticated. The integration of features such as intraoral cameras, lighting systems, and touch-screen interfaces are further driving the demand for dental chairs.
Growing Dental Tourism: The rise in dental tourism, especially in emerging economies, is driving the demand for dental chairs. As more people travel abroad for dental care, the need for modern dental chairs is also increasing.
Government Regulations: Government regulations regarding the safety and quality of dental equipment are a significant factor affecting the dental chair market. Stringent regulations for dental equipment safety and hygiene standards are driving the demand for high-quality dental chairs.
High Cost: The high cost of dental chairs is a significant challenge for the growth of the market. The cost of advanced dental chairs with sophisticated features can be prohibitive for smaller clinics and practices, which may opt for lower-end models or refurbished chairs.
Competition: The dental chair market is highly competitive, with several players competing to offer advanced and innovative products. Manufacturers are continually investing in R&D to develop new products and technologies to gain a competitive edge. Overall, the dental chair market is expected to grow due to the increasing demand for dental care services, technological advancements, and growing dental tourism. However, high costs and intense competition pose significant challenges to the growth of the market.
COVID Impact
The COVID-19 pandemic has had a significant impact on the dental chair market. Some of the key effects of the pandemic on the dental chair market are:
Delayed Purchases: Due to the pandemic, many dental clinics and practices have delayed or postponed the purchase of new dental chairs. This is because the pandemic has led to a reduction in patient visits, and many dental practices have experienced financial constraints. Increased Focus on Hygiene: The pandemic has highlighted the importance of maintaining hygiene and infection control in dental practices. This has led to an increased demand for dental chairs with features that facilitate easy cleaning and disinfection.
Changes in Patient Behavior: The pandemic has led to changes in patient behavior, with many patients avoiding or delaying dental visits. This has led to a decline in the demand for dental chairs in the short term. Supply Chain Disruptions: The pandemic has disrupted global supply chains, causing delays in the delivery of dental equipment and supplies. This has impacted the availability of dental chairs in some regions.
Technological Advancements: The pandemic has accelerated the adoption of technology in dental practices. As a result, there has been a growing demand for dental chairs with advanced features such as touchless controls and integrated air purification systems. Overall, the COVID-19 pandemic has had a mixed impact on the dental chair market. While the pandemic has led to delayed purchases and supply chain disruptions, it has also highlighted the importance of hygiene and infection control, leading to an increased demand for advanced dental chairs.
Regional Trend
The dental chair market varies significantly by region. Some of the key regional factors influencing the dental chair market are:
North America: The dental chair market in North America is driven by the presence of a large number of dental clinics and practices. The adoption of advanced technology and high disposable incomes in the region also contribute to the growth of the market.
Europe: Europe is a mature market for dental chairs, with a high penetration rate of advanced dental equipment. The market is driven by the growing demand for sophisticated and comfortable dental chairs and increasing government funding for dental care.
Asia Pacific: The Asia Pacific region is expected to witness significant growth in the dental chair market due to the increasing adoption of advanced dental equipment, rising disposable incomes, and growing dental tourism in the region.
Latin America: The dental chair market in Latin America is driven by the increasing demand for dental care services and government initiatives to improve oral health in the region.
Middle East and Africa: The dental chair market in the Middle East and Africa is driven by the growing healthcare infrastructure and increasing demand for advanced dental equipment in the region.
Overall, the dental chair market is expected to witness significant growth in emerging economies due to the rising demand for dental care services and increasing adoption of advanced dental equipment. In mature markets, the market is driven by the growing demand for sophisticated and comfortable dental chairs and increasing government funding for dental care.
Competitive Landscape
The dental chair market is highly competitive, with several players operating in the market. Some of the key players in the dental chair market are:
A-dec Inc.: A-dec Inc. is a leading manufacturer of dental chairs, offering a wide range of products with advanced features such as integrated delivery systems, ergonomic design, and touchless controls.
Danaher Corporation: Danaher Corporation is a multinational conglomerate that offers a range of dental equipment, including dental chairs, imaging systems, and instruments.
Dentsply Sirona Inc.: Dentsply Sirona is a leading manufacturer of dental equipment, including dental chairs with advanced features such as high-speed handpiece systems, integrated lighting, and adjustable headrests.
Midmark Corporation: Midmark Corporation is a leading provider of dental chairs and other dental equipment, offering a wide range of products with features such as programmable positions, articulating headrests, and touch-screen interfaces.
Planmeca Oy: Planmeca Oy is a Finnish manufacturer of dental equipment, offering dental chairs with advanced features such as integrated 3D imaging, touchless controls, and wireless foot controls.
Other notable players in the dental chair market include Belmont Equipment, DentalEZ Group, and Takara Belmont Corporation.
The competitive landscape of the dental chair market is characterized by intense competition, with players competing on factors such as product features, pricing, and distribution channels. Players are investing in R&D to develop new and innovative products, and strategic partnerships and acquisitions to expand their market presence.
Market Segmentation
The dental chair market can be segmented based on the following factors:
Product Type: The dental chair market can be segmented based on the type of dental chair, such as electric dental chairs, hydraulic dental chairs, and manual dental chairs.
Technology: The dental chair market can also be segmented based on the technology used in dental chairs, such as integrated delivery systems, LED lighting, touchless controls, and air purification systems.
End-User: The market can be segmented based on the end-users, such as dental clinics, hospitals, and ambulatory surgical centers.
Geography: The dental chair market can also be segmented based on geography, such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Price Range: The dental chair market can also be segmented based on the price range, such as high-end, mid-end, and low-end dental chairs.
Application: The market can also be segmented based on application, such as general dentistry, cosmetic dentistry, endodontics, orthodontics, and others.
Segmentation allows dental chair manufacturers to tailor their products to specific customer needs, resulting in more efficient use of resources and higher profits. Dental clinics and practitioners can also benefit from segmented offerings, as they can choose dental chairs that suit their specific needs and budget.
Key Points:Define, describe and forecast Dental Chair product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Years considered for this report:
Historical Years: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030
Historic Year: 2016-2022
Forecast: 2024-2035
1 Dental Chair Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Dental Chair
1.3 Dental Chair Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Dental Chair
1.4.2 Applications of Dental Chair
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Danaher Corporation Market Performance Analysis
3.1.1 Danaher Corporation Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Danaher Corporation Sales, Value, Price, Gross Margin 2016-2021
3.2 HIWON Market Performance Analysis
3.2.1 HIWON Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 HIWON Sales, Value, Price, Gross Margin 2016-2021
3.3 Planmeca Market Performance Analysis
3.3.1 Planmeca Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Planmeca Sales, Value, Price, Gross Margin 2016-2021
3.4 Shinhung Market Performance Analysis
3.4.1 Shinhung Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Shinhung Sales, Value, Price, Gross Margin 2016-2021
3.5 DETES Market Performance Analysis
3.5.1 DETES Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 DETES Sales, Value, Price, Gross Margin 2016-2021
3.6 AJAX Market Performance Analysis
3.6.1 AJAX Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 AJAX Sales, Value, Price, Gross Margin 2016-2021
3.7 Midmark Corporation Market Performance Analysis
3.7.1 Midmark Corporation Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Midmark Corporation Sales, Value, Price, Gross Margin 2016-2021
3.8 Morita Market Performance Analysis
3.8.1 Morita Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Morita Sales, Value, Price, Gross Margin 2016-2021
3.9 Yoshida Market Performance Analysis
3.9.1 Yoshida Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Yoshida Sales, Value, Price, Gross Margin 2016-2021
3.10 Sinol Market Performance Analysis
3.10.1 Sinol Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Sinol Sales, Value, Price, Gross Margin 2016-2021
3.11 FIMET Market Performance Analysis
3.11.1 FIMET Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 FIMET Sales, Value, Price, Gross Margin 2016-2021
3.12 Sirona Dental Systems Inc. Market Performance Analysis
3.12.1 Sirona Dental Systems Inc. Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Sirona Dental Systems Inc. Sales, Value, Price, Gross Margin 2016-2021
3.13 Castellini Market Performance Analysis
3.13.1 Castellini Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Castellini Sales, Value, Price, Gross Margin 2016-2021
3.14 HONGKE MEDICAL Market Performance Analysis
3.14.1 HONGKE MEDICAL Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 HONGKE MEDICAL Sales, Value, Price, Gross Margin 2016-2021
3.15 GC Corporation Market Performance Analysis
3.15.1 GC Corporation Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 GC Corporation Sales, Value, Price, Gross Margin 2016-2021
3.16 SDS Dental, Inc. Market Performance Analysis
3.16.1 SDS Dental, Inc. Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 SDS Dental, Inc. Sales, Value, Price, Gross Margin 2016-2021
3.17 Join Champ Market Performance Analysis
3.17.1 Join Champ Basic Information
3.17.2 Product and Service Analysis
3.17.3 Strategies for Company to Deal with the Impact of COVID-19
3.17.4 Join Champ Sales, Value, Price, Gross Margin 2016-2021
3.18 Belmont Market Performance Analysis
3.18.1 Belmont Basic Information
3.18.2 Product and Service Analysis
3.18.3 Strategies for Company to Deal with the Impact of COVID-19
3.18.4 Belmont Sales, Value, Price, Gross Margin 2016-2021
3.19 FOSHAN ANLE Market Performance Analysis
3.19.1 FOSHAN ANLE Basic Information
3.19.2 Product and Service Analysis
3.19.3 Strategies for Company to Deal with the Impact of COVID-19
3.19.4 FOSHAN ANLE Sales, Value, Price, Gross Margin 2016-2021
3.20 THE FLIGHT Market Performance Analysis
3.20.1 THE FLIGHT Basic Information
3.20.2 Product and Service Analysis
3.20.3 Strategies for Company to Deal with the Impact of COVID-19
3.20.4 THE FLIGHT Sales, Value, Price, Gross Margin 2016-2021
3.21 DentalEZ Market Performance Analysis
3.21.1 DentalEZ Basic Information
3.21.2 Product and Service Analysis
3.21.3 Strategies for Company to Deal with the Impact of COVID-19
3.21.4 DentalEZ Sales, Value, Price, Gross Margin 2016-2021
3.22 SHP Market Performance Analysis
3.22.1 SHP Basic Information
3.22.2 Product and Service Analysis
3.22.3 Strategies for Company to Deal with the Impact of COVID-19
3.22.4 SHP Sales, Value, Price, Gross Margin 2016-2021
3.23 HB DENTAL Market Performance Analysis
3.23.1 HB DENTAL Basic Information
3.23.2 Product and Service Analysis
3.23.3 Strategies for Company to Deal with the Impact of COVID-19
3.23.4 HB DENTAL Sales, Value, Price, Gross Margin 2016-2021
3.24 A-Dec Inc Market Performance Analysis
3.24.1 A-Dec Inc Basic Information
3.24.2 Product and Service Analysis
3.24.3 Strategies for Company to Deal with the Impact of COVID-19
3.24.4 A-Dec Inc Sales, Value, Price, Gross Margin 2016-2021
3.25 SUNTEM Market Performance Analysis
3.25.1 SUNTEM Basic Information
3.25.2 Product and Service Analysis
3.25.3 Strategies for Company to Deal with the Impact of COVID-19
3.25.4 SUNTEM Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Dental Chair Production and Value by Type
4.1.1 Global Dental Chair Production by Type 2016-2021
4.1.2 Global Dental Chair Market Value by Type 2016-2021
4.2 Global Dental Chair Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Ceiling Mounted Design Market Production, Value and Growth Rate
4.2.2 Mobile Independent Design Market Production, Value and Growth Rate
4.2.3 Dental Chair Mounted Design Market Production, Value and Growth Rate
4.3 Global Dental Chair Production and Value Forecast by Type
4.3.1 Global Dental Chair Production Forecast by Type 2021-2026
4.3.2 Global Dental Chair Market Value Forecast by Type 2021-2026
4.4 Global Dental Chair Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Ceiling Mounted Design Market Production, Value and Growth Rate Forecast
4.4.2 Mobile Independent Design Market Production, Value and Growth Rate Forecast
4.4.3 Dental Chair Mounted Design Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Dental Chair Consumption and Value by Application
5.1.1 Global Dental Chair Consumption by Application 2016-2021
5.1.2 Global Dental Chair Market Value by Application 2016-2021
5.2 Global Dental Chair Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Examination Market Consumption, Value and Growth Rate
5.2.2 Surgery Market Consumption, Value and Growth Rate
5.2.3 Orthodontic Applications Market Consumption, Value and Growth Rate
5.2.4 Others Market Consumption, Value and Growth Rate
5.3 Global Dental Chair Consumption and Value Forecast by Application
5.3.1 Global Dental Chair Consumption Forecast by Application 2021-2026
5.3.2 Global Dental Chair Market Value Forecast by Application 2021-2026
5.4 Global Dental Chair Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Examination Market Consumption, Value and Growth Rate Forecast
5.4.2 Surgery Market Consumption, Value and Growth Rate Forecast
5.4.3 Orthodontic Applications Market Consumption, Value and Growth Rate Forecast
5.4.4 Others Market Consumption, Value and Growth Rate Forecast
6 Global Dental Chair by Region, Historical Data and Market Forecasts
6.1 Global Dental Chair Sales by Region 2016-2021
6.2 Global Dental Chair Market Value by Region 2016-2021
6.3 Global Dental Chair Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Dental Chair Sales Forecast by Region 2021-2026
6.5 Global Dental Chair Market Value Forecast by Region 2021-2026
6.6 Global Dental Chair Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Dental Chair Value and Market Growth 2016-2021
7.2 United State Dental Chair Sales and Market Growth 2016-2021
7.3 United State Dental Chair Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Dental Chair Value and Market Growth 2016-2021
8.2 Canada Dental Chair Sales and Market Growth 2016-2021
8.3 Canada Dental Chair Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Dental Chair Value and Market Growth 2016-2021
9.2 Germany Dental Chair Sales and Market Growth 2016-2021
9.3 Germany Dental Chair Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Dental Chair Value and Market Growth 2016-2021
10.2 UK Dental Chair Sales and Market Growth 2016-2021
10.3 UK Dental Chair Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Dental Chair Value and Market Growth 2016-2021
11.2 France Dental Chair Sales and Market Growth 2016-2021
11.3 France Dental Chair Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Dental Chair Value and Market Growth 2016-2021
12.2 Italy Dental Chair Sales and Market Growth 2016-2021
12.3 Italy Dental Chair Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Dental Chair Value and Market Growth 2016-2021
13.2 Spain Dental Chair Sales and Market Growth 2016-2021
13.3 Spain Dental Chair Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Dental Chair Value and Market Growth 2016-2021
14.2 Russia Dental Chair Sales and Market Growth 2016-2021
14.3 Russia Dental Chair Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Dental Chair Value and Market Growth 2016-2021
15.2 China Dental Chair Sales and Market Growth 2016-2021
15.3 China Dental Chair Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Dental Chair Value and Market Growth 2016-2021
16.2 Japan Dental Chair Sales and Market Growth 2016-2021
16.3 Japan Dental Chair Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Dental Chair Value and Market Growth 2016-2021
17.2 South Korea Dental Chair Sales and Market Growth 2016-2021
17.3 South Korea Dental Chair Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Dental Chair Value and Market Growth 2016-2021
18.2 Australia Dental Chair Sales and Market Growth 2016-2021
18.3 Australia Dental Chair Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Dental Chair Value and Market Growth 2016-2021
19.2 Thailand Dental Chair Sales and Market Growth 2016-2021
19.3 Thailand Dental Chair Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Dental Chair Value and Market Growth 2016-2021
20.2 Brazil Dental Chair Sales and Market Growth 2016-2021
20.3 Brazil Dental Chair Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Dental Chair Value and Market Growth 2016-2021
21.2 Argentina Dental Chair Sales and Market Growth 2016-2021
21.3 Argentina Dental Chair Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Dental Chair Value and Market Growth 2016-2021
22.2 Chile Dental Chair Sales and Market Growth 2016-2021
22.3 Chile Dental Chair Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Dental Chair Value and Market Growth 2016-2021
23.2 South Africa Dental Chair Sales and Market Growth 2016-2021
23.3 South Africa Dental Chair Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Dental Chair Value and Market Growth 2016-2021
24.2 Egypt Dental Chair Sales and Market Growth 2016-2021
24.3 Egypt Dental Chair Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Dental Chair Value and Market Growth 2016-2021
25.2 UAE Dental Chair Sales and Market Growth 2016-2021
25.3 UAE Dental Chair Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Dental Chair Value and Market Growth 2016-2021
26.2 Saudi Arabia Dental Chair Sales and Market Growth 2016-2021
26.3 Saudi Arabia Dental Chair Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
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Case Study- ICT Sector
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