$4450
$3560
The coordinate grinding machine market size is expected to reach US$678.33 million by 2031 from US$491.85 million in 2024. The market is anticipated to register a CAGR of 4.8% during 2025–2031.
Coordinate Grinding Market Analysis
While grinding drivers are devices that clamp and transfer rotational movement to shafts or workpieces during grinding operations, coordinate grinding machines are precision tools used to grind holes, curves, and different surfaces with great accuracy based on precise coordinate positions.
These machines are widely utilized in applications that need excellent surface quality and tight tolerances, such as optical components, molds, gears, precision instruments, and aerospace parts.
Usually, the system has multiaxis (X, Y, Z) control, which enables intricate surface and profile grinding, including tapered and arc-shaped holes. The market is witnessing significant growth due to the factors such as precision engineering demand and important regulatory mandates. Moreover, the market's appeal and acceptance are being further expanded by innovations including software integration (CAD compatibility, analytics, and AI), portable and adaptable coordinate grinding and measuring machines, and improved automation features. Furthermore, future advancements in data analysis, measurement accuracy, and predictive maintenance are anticipated to be fueled by the integration of AI and machine learning.
Furthermore, new innovations that improve accuracy and functionality for smart manufacturing settings are being fostered via collaborations between software and machine developers. Thus, the market for coordinate grinding machines is therefore fueled by developments in automation, precision measurement, industrial expansion, and regulatory requirements. There are also a lot of opportunities related to technology integration, quality enhancement, and operating efficiency.
Coordinate Grinding Machine Market Overview:
The market for coordinate grinding has changed in the present due to the combination of automation and CNC technologies, which have improved productivity, accuracy, and repeatability.
Adoption is rising as industrializing economies in Latin America and Asia Pacific look to improve manufacturing techniques for the manufacture of higher-value components. Furthermore, the market is directly stimulated by rising defense and aerospace investments, which call for complex parts to be ground with high accuracy.
Additionally, the need for coordinate grinders for complicated geometries and multi-axis machining is growing due to advancements in aerospace components and automotive electrification. In the end, despite being a minor subsegment of the global grinding machinery market, coordinate grinding machines are becoming increasingly important as a result of changing manufacturing paradigms.
The market is expected to develop throughout the projected period due to the push for miniaturization, electrification (EVs), defense modernization, and enhanced medical implants, which are driving precise production where coordinate grinders are frequently necessary rather than optional.
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Coordinate Grinding Machine Market Drivers and Opportunities
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Market Drivers:
The Aviation Industry's Growing Use of Grinding Machines:
Lightweight materials and innovative production technologies have become increasingly popular as a result of the aerospace industry's goal for improved performance and increased fuel efficiency. The need for extremely accurate, flexible, and reliable machining solutions has increased as a result of this development. Among them, coordinate grinding machines have become essential equipment for creating vital aviation parts, including landing gear, wings, fuselage sections, and engine parts. Applications requiring precise holes and curves in turbine blades, engine housings, and high-strength alloys, as well as complex geometries and exceptional surface finishes, are where these machines excel.
The aerospace industry's commitment to expanding high-performance manufacturing is demonstrated by recent developments, such as Deutsche Aircraft introducing a sustainable final assembly line, BAE Systems securing contracts for armored vehicles, and Airbus increasing A320 production in China to 75 aircraft per month by 2026. From assisting the assembly and maintenance of entire aircraft fleets to fine tuning intricate features on structural and engine components, coordinate grinding machines are essential to this manufacturing chain. Their capacity to handle tough materials like titanium and Inconel, achieve micron-level accuracy, and minimize material waste gives firms a competitive edge while encouraging sustainability and creativity.
The usefulness of coordinate grinding machines in aerospace is further increased by technological developments in the field, such as automation, AI-driven predictive maintenance, and hybrid systems that combine grinding with additive manufacturing. These developments strengthen coordinate grinding as a fundamental component of contemporary and future aerospace manufacturing by enhancing productivity, prolonging the life of tools and components, and assisting manufacturers in meeting ever-tougher industry standards.
Market Opportunities:
Growing Need for Accuracy in the Medical Technology Sector
Coordinate grinding machines are seeing strong growth prospects due to the MedTech industry's growing need for accuracy and personalization.
The development of sophisticated implants, diagnostic equipment, and minimally invasive surgical instruments—all of which need to be manufactured with incredibly precise tolerances and complex geometries—is progressing quickly in this industry.
In order to ensure both performance and safety in clinical applications, coordinate grinding machines are excellent at creating the tiny, intricate features required for high-precision diagnostic equipment, surgical tools, and specialized medical implants. Coordinate grinding is essential for creating custom, biocompatible parts that fit each patient's unique profile as personalized medicine (such as patient-specific implants and prostheses) gains traction.
The precision requirements of medical device manufacturing are heightened by global regulatory changes and the need to meet strict quality standards. This is evident in updated norms in India and guidelines from the World Health Organization. Leading companies, such as Medtronic, Teijin Nakashima Medical, AK Medical, Weigao Orthopedic, and Kyocera Medical, are investing heavily in grinding technology to ensure their implants and devices are accurate, long-lasting, and consistent. This focus directly addresses the needs of aging populations and the rise in chronic healthcare challenges.
High-precision coordinate grinding also aids in making delicate surgical tools and supports innovation in manufacturing methods like dynamic interface printing, robotic automation, and AI-driven defect detection. As global healthcare spending increases and regulatory requirements become stricter, the market for coordinate grinding machines in medical technology will keep growing. This development will help bridge the gap between medical innovation and the need for excellent micro-manufacturing.
Coordinate Grinding Machine Market Report Segmentation Analysis
The coordinate grinding machine market is divided into various segments to provide a more detailed understanding of its operations, growth opportunities, and emerging trends. Below is the standard segmentation approach used in most industry reports:
By Industry:
Medical:
Airborne platforms are used to collect very detailed images and facilitate data collection over virtually any portion of the Earth's surface at any time. Airborne tactical platforms include fighters, transport aircraft, helicopters, and Remotely Piloted Vehicles (RPV) or Unmanned Aerial Vehicles (UAV). Effective airborne communication is one of the most critical capabilities in 21st-century combat.Mold and Die industry:
The shipborne tactical communication involves ship-to-ship and ship-to-shore communication. Onboard equipment, as well as shore stations and satellites, are used to facilitate marine communication.Aerospace and Defense:
The aerospace and defense industry depends on high-precision grinding machines to produce important components like turbine blades, engine parts, landing gears, and structural assemblies. These components must meet very strict tolerances and perform reliably in tough conditions, including high temperatures, heavy stresses, and long operational cycles. Grinding is essential for making sure these parts have the accuracy, consistency, and surface quality needed to meet strict aerospace safety and performance standards.Automotive:
The automotive industry depends on grinding machines to produce key parts like engine components, transmission systems, bearings, and shafts. Grinding is vital for achieving the exact surface finishes and close tolerances needed for good vehicle performance, fuel efficiency, and long-lasting durability. This is especially crucial in systems such as engines, suspensions, and transmissions, where dependability and longevity are essential.
Electronics and Electrics:
The electrical and electronics industry relies heavily on grinding machines to make small, precise parts like connectors, switches, semiconductor elements, and electronic casings. In this area, keeping very tight tolerances is crucial for ensuring consistent performance and reliability. This is especially important in sensitive devices, where even small deviations can impact functionality.
Industrial Machinery:
The industrial machinery sector relies heavily on grinding technology to produce important components like gears, shafts, and bearings. These parts must endure tough operating conditions and provide long-term reliability. They are essential for the performance of equipment used in various industries, including manufacturing, construction, and agriculture. Unlike areas such as aerospace or medical devices, which prioritize intricate shapes and complex geometries, industrial machinery focuses more on durability, cost efficiency, and large-scale production.
Others:
Coordinate grinding machines are being used more often in a range of smaller and niche industrial areas that don't usually involve large-volume grinding. Sectors like jewelry manufacturing, sporting goods, and renewable energy benefit from these machines because they offer excellent precision, complex shapes, and smooth surface finishes. This growth is driven by the increasing demand for specialized components and the overall shift toward customization in manufacturing.
By Machine Technology:
CNC or NC Machine:
Conventional coordinate grinding machines are traditional devices that rely on manual operation for all parts of the grinding process. These machines usually have simpler designs and are made for straightforward grinding of features within coordinate systems. They work well for limited production runs and specialized tasks where hands-on control is more important than automation. Operators set up the machine by hand, mount workpieces, adjust grinding wheels, and determine feed rates. This leads to a process that is less flexible and precise compared to CNC coordinate grinders.Conventional Machine:
Conventional coordinate grinding machines are traditional devices that depend on manual operation for every part of the grinding process. These machines usually have a simpler design and are built for basic grinding tasks within coordinate systems. This makes them ideal for small production runs and specialized jobs, where the focus is on manual control instead of automation. Operators set up the machine by hand, mount workpieces, adjust grinding wheels, and choose feed rates. As a result, the process is less flexible and precise compared to what CNC coordinate grinders provide.
By Geography:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
The coordinate griding machine market in the Asia Pacific is expected to witness the fastest growth. This growth is primarily driven by rapid industrialization, growing demand from various key industries such as automotive, aerospace, and electronics as well as growth in technology and automation innovation.
Coordinate Grinding Machine Market Report ScopeCoordinate Grinding Machine Market Share Analysis by Geography
Asia Pacific is expected to grow the fastest in the next few years. Emerging markets in South America, the Middle East and Africa also have many untapped opportunities for coordinate grinding machine providers to expand.
The coordinate grinding machine market grows differently in each region, owing to factors such as rapid expansion of various key industries such as automotive, aerospace, heavy machinery and electronics coupled with varying governmental support. Below is a summary of market share and trends by region:
1. North America
Market Share:
Dominant role in the coordinate grinding machine market. North America, especially the U.S., leads because of strong demand from important industries like automotive, aerospace, defense, and industrial machinery, where precision, automation, and high-quality grinding solutions are essential.Key Drivers:
- Increasing demand for high-precision, complex components in automotive, aerospace, defense, and industrial machinery sectors.
- Technological advancements include automation, the integration of Industry 4.0 principles such as IoT, AI, and machine learning, as well as digital transformation that enables smart grinding machines.
- The rising production of electric vehicles and aerospace components requires precision and quality.
- Government support includes reshoring manufacturing and investments in sustainability and energy efficiency.
Trends:
- Shift to smart manufacturing with IoT-enabled and AI-integrated grinding systems that allow real-time monitoring, predictive maintenance, and process optimization.
- There is a growing adoption of energy-efficient and environmentally friendly grinding machinery.
2. Europe
Market Share:
Steady growth, driven by demand in the automotive, aerospace, and manufacturing industries requires high-quality grinding solutions for complex components.Key Drivers:
- Increasing demand for precision and quality in manufacturing end products, especially in the automotive, aerospace, electronics, and defense sectors.
- Advancements in automation, artificial intelligence, and machine learning improve grinding processes and lower labor costs.
- There is a growing focus on energy-efficient grinding machines that support sustainability goals.
Trends:
- Integration of AI and smart technologies in grinding machines can boost productivity and improve processes.
- There is a growing demand for portable, flexible coordinate measuring and grinding solutions for various industrial applications.
- The use of environmentally friendly and energy-efficient grinding equipment is increasing.
3. Asia Pacific
Market Share:
Robust growth, driven by factors like industrial automation, the development of renewable energy, automotive electrification, and an expanding manufacturing base in countries such as China, India, Japan, and Southeast Asian nations.Key Drivers:
- Industrial automation and technology improvement
- Growing demand in the automotive and aerospace industries
- Growth in governmental support and infrastructure investments
- Growth in the usage of renewable energy
Trends:
Digital integration and automation in grinding machines are increasing. There is a focus on energy efficiency and sustainability.
4. Middle East and Africa
Market Share:
Developing market, will witness significant growth owing to various reasons such as notable growth in industrialization and infrastructural development.Key Drivers:
- Growth in the development of infrastructure and mounting industrialization
- Development in key sectors such as automotive and aerospace
- Upward advancements in terms of technology
Trends:
- Shift towards CNC and automated grinding machines for better precision, less downtime, and higher throughput.
- There is a growing focus on sustainability and energy-efficient machines that support global environmental goals.
5. South America
Market Share:
Emerging market. Countries within the region such as Brazil, Mexico and Argentina will play an important role for the growth of coordinate grinding machines within the region.Key Drivers:
- Broad industrial automation and digital transformation efforts focus on integrating Industry 4.0 technologies, such as IoT connectivity, cloud computing, smart sensors, and AI.
- There is diversification and improvement in CMM offerings, including laser scanners, optical digitizers, and multi-sensor systems.
- Government initiatives and policies in countries like Brazil aim to modernize industrial production and promote R&D in manufacturing tech.
- Expansion is happening in high-precision manufacturing sectors like automotive, including EV and ADAS development, aerospace, and renewable energy technology components.
Trends:
- Strong growth in portable coordinate measuring devices is enabling on-site inspections and real-time data acquisition.
- There is increasing integration of multi-sensor and non-contact measurement technologies.
- Rising demand from the automotive and aerospace industries emphasize quality assurance and precision engineering.
Coordinate Grinding Machine Market Players Density: Understanding Its Impact on Business Dynamics
High Market Density and Competition
Competition is medium due to the presence of few players such as HMT Machine Tools Limited, Fehlmann AG, More Tool Company, Inc., Danobatgroup, Okamoto (Singapore) PTE Ltd., United Grinding Group, DMG Mori Co. Ltd., Kellenberger Switzerland AG, Kehren GmbH and Palmary Machinery Co. Ltd.
This medium level of competition urges companies to stand out by offering:
- Offering unique product features such as integration of technology, AI-powered automation, sensor technology amongst others.
- Growing investment in in research and development for improving automation, efficiency etc.
- Introduction of advanced solutions which includes connectivity of IoT.
Opportunities and Strategic Moves
- Increasing demand for precision engineering and quality assurance in industrial manufacturing sectors like automotive, aerospace, electronics, and heavy machinery drives growth.
- The rise of automation, CNC (Computer Numerical Control) technology, and Industry 4.0 adoption brings together IoT sensors, AI analytics, and cloud connectivity. This improves machine capabilities and deepens market reach.
- Expanding applications in emerging fields such as electronics, especially miniaturization, and medical device manufacturing need ultra-precise grinding, which creates new market opportunities.
- Rapid industrialization and infrastructure investment, particularly in the Asia-Pacific, Latin America, and the Middle East and Africa, are opening growth avenues. Government support for digitization and quality certification boosts this trend.
- An increased focus on sustainable manufacturing, energy-efficient designs, and predictive maintenance features made possible by embedded sensors is likely to attract more industries.
Major Companies operating in the Coordinate Grinding Machine Market are:
- HMT Machine Tools Limited
- Fehlmann AG
- Moore Tool Company, Inc.
- Danobatgroup
- Okamoto (Singapore) PTE Ltd.
- United Grinding Group
- DMG Mori Co. Ltd.
- Kellenberger Switzerland AG
- Kehren GMBH
- Palmary Machinery Co. Ltd.
Disclaimer: The companies listed above are not ranked in any particular order.
Coordinate Grinding Machine Market Report Coverage and Deliverables
The "Coordinate Grinding Machine Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Coordinate grinding machine market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Coordinate grinding machine market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Coordinate grinding machine market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the coordinate grinding machine market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
1. High initial costs and maintenance expenses, especially due to automation and precision features, can create financial barriers for smaller businesses or those with tight budgets.
2. Intense competition among many global and regional players drives the need for ongoing innovation, research, and development to improve automation, precision, energy efficiency, customization, and software integration to set products apart.
3. The technological complexity and challenges of integrating high-precision machining, automation, and smart factory technologies into coordinate grinding machines require skilled operators and significant R&D investments.
4. There are challenges in achieving high precision with complex or delicate workpieces, maintaining fast response times, and improving consistency in grinding quality, particularly when dealing with thin brittle materials or intricate casting shapes.
5. Rising costs of raw materials used to make grinding machines, like ceramics and steel, increase the overall price of the final equipment and may limit demand.
6. There is a need to tackle workforce shortages and automate processes like grinding wheel application and quality standardization, which are currently time-consuming and hard to automate effectively.
The coordinate grinding machine market size is expected to reach US$678.33 million by 2031 from US$491.85 million in 2024. The market is anticipated to register a CAGR of 4.8% during 2025–2031.
The CNC or NC segment by machine tools is gaining traction. Computer numerical control (CNC) coordinate grinding machines use computerized technology to automate and accurately carry out the grinding of complex workpiece shapes. These machines move the grinding spindle along controlled coordinate axes, following precise numerical instructions to consistently create parts with intricate designs, tight tolerances, and smooth finishes. Unlike traditional grinding machines that need manual setup and operation, CNC coordinate grinders can be programmed for multi-axis movement. This capability allows them to perform various tasks automatically and with great repeatability.
The market is primarily driven by:
1. Increasing demand for precision engineering and quality assurance in industrial manufacturing sectors like automotive, aerospace, electronics, and heavy machinery drives growth.
2. The rise of automation, CNC (Computer Numerical Control) technology, and Industry 4.0 adoption brings together IoT sensors, AI analytics, and cloud connectivity. This improves machine capabilities and deepens market reach.
3. Expanding applications in emerging fields such as electronics, especially miniaturization, and medical device manufacturing need ultra-precise grinding, which creates new market opportunities.
4. Rapid industrialization and infrastructure investment, particularly in the Asia-Pacific, Latin America, and the Middle East and Africa, are opening growth avenues. Government support for digitization and quality certification boosts this trend.
5. An increased focus on sustainable manufacturing, energy-efficient designs, and predictive maintenance features made possible by embedded sensors is likely to attract more industries.
The aerospace and defense segment dominated the market. The aerospace and defense industry depends on high-precision grinding machines to produce mission-critical components like turbine blades, engine parts, landing gears, and structural assemblies. These components must meet very tight tolerances and perform reliably in tough conditions such as high temperatures, heavy stresses, and long operational cycles. Grinding is essential to ensure these parts achieve the accuracy, consistency, and surface quality required by strict aerospace safety and performance standards.
Major players include HMT Machine Tools Limited, Fehlmann AG, More Tool Company, Inc., Danobatgroup, Okamoto (Singapore) PTE Ltd., United Grinding Group, DMG Mori Co. Ltd., Kellenberger Switzerland AG, Kehren GmbH and Palmary Machinery Co. Ltd.
The Asia Pacific region is expected to see significant growth in the coordinate grinding machine market due to several key factors. The region has a strong manufacturing base. Countries like China, India, Japan, South Korea, and Southeast Asia are adopting improved grinding technologies to increase precision and efficiency. The growing automotive, aerospace, heavy machinery, and renewable energy industries in Asia Pacific are driving the demand for high-precision grinding machines for components such as turbine blades, landing gears, and lightweight electric vehicle parts. Growth is also supported by factors like low labor costs, government investments in infrastructure, rising industrial automation, and the integration of technologies like IoT and AI for predictive maintenance. In addition, increasing foreign direct investment in manufacturing facilities contributes to this trend. These combined economic, industrial, and technological factors position Asia Pacific as a leading and rapidly growing market for coordinate and other specialized grinding machines.
The List of Companies - Coordinate Grinding Machinery Market
- HMT Machine Tools Limited
- Fehlmann AG
- Moore Tool Company, Inc.
- Danobatgroup
- Okamoto (Singapore) PTE Ltd.
- United Grinding Group
- DMG Mori Co. Ltd.
- Kellenberger Switzerland AG
- Kehren GMBH
- Palmary Machinery Co. Ltd.
- JTEKT Corporation
- Okuma Corp.
- Fives SAS
- Erwin Junker Maschinenfabrik GmbH
- Fritz Studer AG
- EMAG Systems GmbH
- Robbi Group SRL
- LIZZINI
- MAG IAS GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone 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: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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