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Global Confectionery Processing Equipment Market Analysis By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 1/12/2023
  • NO OF PAGES
  • 226
  • CATEGORY
  • Heavy Industry

Market Overview:

The confectionery processing equipment market refers to the equipment used for the production of various confectionery products, such as chocolate, candy, gum, and other sweets. This equipment includes machinery for mixing, shaping, cooling, and packaging these products.

The market for confectionery processing equipment is driven by the increasing demand for confectionery products around the world. The rise in disposable income, changing consumer preferences, and the expansion of the retail sector are the major factors contributing to the growth of this market.

The market is segmented based on type, application, and region. By type, the market is divided into thermal equipment, extrusion equipment, mixers, cooling equipment, and others. By application, the market is segmented into chocolate, sugar confectionery, gum, and others. By region, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Some of the major players in the confectionery processing equipment market include Bosch Packaging Technology, Buhler AG, GEA Group, John Bean Technologies Corporation, and Tanis Confectionery.

Overall, the confectionery processing equipment market is expected to grow in the coming years due to the increasing demand for confectionery products, especially in developing countries. The market is also expected to benefit from the development of new technologies and the introduction of innovative products.

Covid-19 Impact:

The COVID-19 pandemic has had a significant impact on the confectionery processing equipment market. The pandemic has disrupted the global supply chains, causing a shortage of raw materials and a slowdown in production. Many companies have faced challenges in meeting the demand for their products due to these disruptions.

Moreover, the pandemic has caused a shift in consumer behaviour, with people preferring healthier food options and reducing their consumption of confectionery products. This has led to a decline in the demand for confectionery products, thereby impacting the confectionery processing equipment market.

However, as the world moves towards post-pandemic recovery, the confectionery processing equipment market is expected to rebound. The demand for confectionery products is expected to pick up as people resume their normal activities, and the market is expected to benefit from the growing popularity of premium confectionery products.

Furthermore, manufacturers are adapting to the changing consumer preferences and are investing in new technologies to produce healthier and organic confectionery products. This presents opportunities for the confectionery processing equipment market to develop new equipment that can cater to these trends.

Overall, while the COVID-19 pandemic has had a negative impact on the confectionery processing equipment market, the industry is expected to recover in the coming years as the world moves towards a new normal.

Market Dynamics:

Drivers:

There are several drivers contributing to the growth of the confectionery processing equipment market.

  1. Increasing demand for confectionery products: The global demand for confectionery products is on the rise due to the increasing disposable income, changing consumer preferences, and the expansion of the retail sector. This has led to a higher demand for confectionery processing equipment to meet the growing production needs.
  2. Advancements in technology: The development of new technologies in the confectionery processing equipment market has led to increased efficiency, improved product quality, and reduced production costs. For instance, the use of automation and robotics has led to improved production processes and reduced labor costs.
  3. Growing popularity of premium and organic confectionery products: The increasing consumer demand for premium and organic confectionery products has led to the need for specialized equipment that can produce these products. Manufacturers are investing in new equipment to cater to these trends.
  4. Expansion of the confectionery industry in emerging markets: The confectionery industry is expanding rapidly in emerging markets such as Asia Pacific, the Middle East, and Africa. This has led to a higher demand for confectionery processing equipment to meet the growing production needs.
  5. Government initiatives and regulations: Governments around the world are implementing regulations to ensure food safety and quality. This has led to increased investments in equipment that can meet these regulatory requirements.

Overall, these drivers are expected to contribute to the growth of the confectionery processing equipment market in the coming years.

Regional Analysis:

The confectionery processing equipment market can be analysed based on its regional presence. The market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

  1. North America: The North American market for confectionery processing equipment is driven by the increasing demand for high-quality confectionery products. The region has a well-established food processing industry and is home to several key players in the confectionery processing equipment market. The US is the largest market for confectionery processing equipment in North America.
  2. Europe: The European market for confectionery processing equipment is driven by the increasing demand for organic and premium confectionery products. The region has a strong food processing industry and is home to several major players in the market. Germany and France are the largest markets for confectionery processing equipment in Europe.
  3. Asia Pacific: The Asia Pacific market for confectionery processing equipment is expected to grow at a high rate due to the increasing demand for confectionery products in the region. Rapid urbanization, changing consumer lifestyles, and the growing middle-class population are driving the demand for confectionery products in the region. China and India are the largest markets for confectionery processing equipment in Asia Pacific.
  4. Rest of the World: The rest of the world market for confectionery processing equipment is driven by the increasing demand for confectionery products in the Middle East, Africa, and Latin America. The growing population and increasing disposable income in these regions are driving the demand for confectionery products. Brazil and the UAE are the largest markets for confectionery processing equipment in the rest of the world.

Overall, the confectionery processing equipment market is expected to grow in all regions due to the increasing demand for confectionery products around the world. The market is expected to benefit from the expansion of the confectionery industry in emerging markets and the development of new technologies.

Market Segmentation:

The confectionery processing equipment market can be segmented based on the type of equipment, end-use application, and mode of operation.

  1. By Type of Equipment:
  • Depositors
  • Formers
  • Coaters
  • Mixers
  • Cooling tunnels
  • Others (packaging machines, cutters, enrobers)
  1. By End-Use Application:
  • Hard Candies
  • Gummies & Jellies
  • Chocolates & Compound Coatings
  • Sugar Confectionery
  • Others (caramel & toffees, fondants, marshmallows, nougats)
  1. By Mode of Operation:
  • Automatic
  • Semi-automatic
  • Manual

The depositor segment is expected to dominate the market in terms of equipment type. Depositors are widely used for the production of confectionery products and are highly efficient in terms of production capacity and accuracy.

Among end-use applications, the chocolates & compound coatings segment is expected to hold the largest share due to the growing demand for premium chocolate products and increasing investments in equipment to produce these products.

In terms of mode of operation, the automatic segment is expected to hold the largest share due to the increasing adoption of automation and robotics in the confectionery processing industry.

Overall, the growth of the confectionery processing equipment market is driven by the increasing demand for confectionery products, advancements in technology, and the growing popularity of premium and organic confectionery products.

Competitive Landscape:

Some of the key players in the confectionery processing equipment market include:

  1. Bühler AG
  2. GEA Group AG
  3. Alfa Laval AB
  4. John Bean Technologies Corporation
  5. Aasted ApS
  6. Baker Perkins Limited
  7. Bosch Packaging Technology
  8. Sollich KG
  9. Tanis Food Tec B.V.
  10. Theegarten-Pactec GmbH & Co. KG

These companies are investing in the development of new technologies and equipment to meet the growing demand for confectionery products. They are also expanding their market presence through strategic partnerships and collaborations.

For instance, in 2021, Bühler AG launched a new chocolate production facility in Switzerland, which includes state-of-the-art confectionery processing equipment. Similarly, GEA Group AG acquired Vipoll, a Slovenian manufacturer of filling technologies for the food and beverage industry, to expand its product portfolio in the confectionery processing equipment market.

Overall, the confectionery processing equipment market is highly competitive, and these key players are expected to continue to invest in new technologies and product development to maintain their market position.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Confectionery Processing Equipment market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Confectionery Processing Equipment would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Confectionery Processing Equipment Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Confectionery Processing Equipment Revenue
1.4 Market Analysis by Type
1.4.1 Global Confectionery Processing Equipment Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 Thermal
1.4.3 Mixers, blenders, and cutters
1.4.4 Extrusion
1.4.5 Cooling
1.4.6 Coating
1.5 Market by Application
1.5.1 Global Confectionery Processing Equipment Market Share by Application: 2023-2032
1.5.2 Soft confectionery
1.5.3 Hard candies
1.5.4 Chewing gums
1.5.5 Gummies & jellies
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Confectionery Processing Equipment Market
1.8.1 Global Confectionery Processing Equipment Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Confectionery Processing Equipment Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Confectionery Processing Equipment Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Confectionery Processing Equipment Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Confectionery Processing Equipment Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Confectionery Processing Equipment Sales Volume Market Share by Region (2017-2022)
3.2 Global Confectionery Processing Equipment Sales Revenue Market Share by Region (2017-2022)
3.3 North America Confectionery Processing Equipment Sales Volume
3.3.1 North America Confectionery Processing Equipment Sales Volume Growth Rate (2017-2022)
3.3.2 North America Confectionery Processing Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Confectionery Processing Equipment Sales Volume
3.4.1 East Asia Confectionery Processing Equipment Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Confectionery Processing Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Confectionery Processing Equipment Sales Volume (2017-2022)
3.5.1 Europe Confectionery Processing Equipment Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Confectionery Processing Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Confectionery Processing Equipment Sales Volume (2017-2022)
3.6.1 South Asia Confectionery Processing Equipment Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Confectionery Processing Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Confectionery Processing Equipment Sales Volume (2017-2022)
3.7.1 Southeast Asia Confectionery Processing Equipment Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Confectionery Processing Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Confectionery Processing Equipment Sales Volume (2017-2022)
3.8.1 Middle East Confectionery Processing Equipment Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Confectionery Processing Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Confectionery Processing Equipment Sales Volume (2017-2022)
3.9.1 Africa Confectionery Processing Equipment Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Confectionery Processing Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Confectionery Processing Equipment Sales Volume (2017-2022)
3.10.1 Oceania Confectionery Processing Equipment Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Confectionery Processing Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Confectionery Processing Equipment Sales Volume (2017-2022)
3.11.1 South America Confectionery Processing Equipment Sales Volume Growth Rate (2017-2022)
3.11.2 South America Confectionery Processing Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Confectionery Processing Equipment Sales Volume (2017-2022)
3.12.1 Rest of the World Confectionery Processing Equipment Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Confectionery Processing Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Confectionery Processing Equipment Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Confectionery Processing Equipment Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Confectionery Processing Equipment Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Confectionery Processing Equipment Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Confectionery Processing Equipment Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Confectionery Processing Equipment Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Confectionery Processing Equipment Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Confectionery Processing Equipment Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Confectionery Processing Equipment Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Confectionery Processing Equipment Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Confectionery Processing Equipment Sales Volume Market Share by Type (2017-2022)
14.2 Global Confectionery Processing Equipment Sales Revenue Market Share by Type (2017-2022)
14.3 Global Confectionery Processing Equipment Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Confectionery Processing Equipment Consumption Volume by Application (2017-2022)
15.2 Global Confectionery Processing Equipment Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Confectionery Processing Equipment Business
16.1 Bosch
16.1.1 Bosch Company Profile
16.1.2 Bosch Confectionery Processing Equipment Product Specification
16.1.3 Bosch Confectionery Processing Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 Buhler
16.2.1 Buhler Company Profile
16.2.2 Buhler Confectionery Processing Equipment Product Specification
16.2.3 Buhler Confectionery Processing Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 GEA Group
16.3.1 GEA Group Company Profile
16.3.2 GEA Group Confectionery Processing Equipment Product Specification
16.3.3 GEA Group Confectionery Processing Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 Alfa Laval
16.4.1 Alfa Laval Company Profile
16.4.2 Alfa Laval Confectionery Processing Equipment Product Specification
16.4.3 Alfa Laval Confectionery Processing Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 JBT Corporation
16.5.1 JBT Corporation Company Profile
16.5.2 JBT Corporation Confectionery Processing Equipment Product Specification
16.5.3 JBT Corporation Confectionery Processing Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 Aasted
16.6.1 Aasted Company Profile
16.6.2 Aasted Confectionery Processing Equipment Product Specification
16.6.3 Aasted Confectionery Processing Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 BCH
16.7.1 BCH Company Profile
16.7.2 BCH Confectionery Processing Equipment Product Specification
16.7.3 BCH Confectionery Processing Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 Tanis Confectionery
16.8.1 Tanis Confectionery Company Profile
16.8.2 Tanis Confectionery Confectionery Processing Equipment Product Specification
16.8.3 Tanis Confectionery Confectionery Processing Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 Baker Perkins
16.9.1 Baker Perkins Company Profile
16.9.2 Baker Perkins Confectionery Processing Equipment Product Specification
16.9.3 Baker Perkins Confectionery Processing Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.10 Sollich
16.10.1 Sollich Company Profile
16.10.2 Sollich Confectionery Processing Equipment Product Specification
16.10.3 Sollich Confectionery Processing Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.11 Heat and Control
16.11.1 Heat and Control Company Profile
16.11.2 Heat and Control Confectionery Processing Equipment Product Specification
16.11.3 Heat and Control Confectionery Processing Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.12 Rieckermann
16.12.1 Rieckermann Company Profile
16.12.2 Rieckermann Confectionery Processing Equipment Product Specification
16.12.3 Rieckermann Confectionery Processing Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Confectionery Processing Equipment Manufacturing Cost Analysis
17.1 Confectionery Processing Equipment Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Confectionery Processing Equipment
17.4 Confectionery Processing Equipment Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Confectionery Processing Equipment Distributors List
18.3 Confectionery Processing Equipment Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Confectionery Processing Equipment (2023-2032)
20.2 Global Forecasted Revenue of Confectionery Processing Equipment (2023-2032)
20.3 Global Forecasted Price of Confectionery Processing Equipment (2017-2032)
20.4 Global Forecasted Production of Confectionery Processing Equipment by Region (2023-2032)
20.4.1 North America Confectionery Processing Equipment Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Confectionery Processing Equipment Production, Revenue Forecast (2023-2032)
20.4.3 Europe Confectionery Processing Equipment Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Confectionery Processing Equipment Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Confectionery Processing Equipment Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Confectionery Processing Equipment Production, Revenue Forecast (2023-2032)
20.4.7 Africa Confectionery Processing Equipment Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Confectionery Processing Equipment Production, Revenue Forecast (2023-2032)
20.4.9 South America Confectionery Processing Equipment Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Confectionery Processing Equipment Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Confectionery Processing Equipment by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Confectionery Processing Equipment by Country
21.2 East Asia Market Forecasted Consumption of Confectionery Processing Equipment by Country
21.3 Europe Market Forecasted Consumption of Confectionery Processing Equipment by Countriy
21.4 South Asia Forecasted Consumption of Confectionery Processing Equipment by Country
21.5 Southeast Asia Forecasted Consumption of Confectionery Processing Equipment by Country
21.6 Middle East Forecasted Consumption of Confectionery Processing Equipment by Country
21.7 Africa Forecasted Consumption of Confectionery Processing Equipment by Country
21.8 Oceania Forecasted Consumption of Confectionery Processing Equipment by Country
21.9 South America Forecasted Consumption of Confectionery Processing Equipment by Country
21.10 Rest of the world Forecasted Consumption of Confectionery Processing Equipment by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




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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

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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