Research Methodology on Flat Steel Market
The Market Research Future (MRFR) report titled “Flat Steel Market – Forecast to 2030” provides reliable insights and understanding of the Flat Steel market. MRFR employed an appropriate research methodology to ensure the accuracy and validity of the findings gathered during the study period 2023 to 2030. The prime objective of this report was to determine the market opportunities for Flat Steel so that investors and stakeholders can plan their future strategies accordingly.
For this purpose, MRFR conducted both primary and secondary research. The primary research includes detailed interviews with industry experts and key opinion leaders. This step was further followed up by online surveys and detailed discussions with various stakeholders. Industry experts were also consulted to procure the required market information and data. The primary research was conducted mainly to gain an understanding of the market drivers, trends, growth potential, and restraints.
Secondary research enabled MRFR to understand the Macro and Micro Economic environment of the Flat Steel Industry. It provided data from trusted government websites, trusted journals, company reports, news articles, and industry sources. The data was gathered from both paid and free sources. The analysis of the same was further handled by experienced field professionals.
Various analytical techniques were employed to detect market trends, opportunities, and drivers. Among these, several techniques were used such as Bottom-Up and Top-Down approaches. Factor Analysis and Time-Series analysis were also used to analyze the impact of macroeconomic factors like government regulations, technological advancement, labour availability, and supply & demand of steel over the market.
Besides this, Demand Side and Supply Side data triangulation was used to derive final market figures. Furthermore, to make sure that comprehensive insights into the market are obtained, a thorough validation and recheck process was involved.
Overall, this analysis enabled MRFR to develop a detailed view of the Flat Steel Market. In addition, it provided information on the historical trends and current opportunities in this market. The study enabled a better understanding of the market so that accurate market estimations can be made.
To summarize, the following research methodologies were employed:
- Primary research included detailed interviews, online surveys, and discussions with industry experts and various stakeholders.
- Secondary research was conducted to understand the Macro and Micro Economic environment of the Flat Steel Industry.
- Various analytical techniques were employed to detect market trends, opportunities, and drivers. These included Bottom-Up and Top-Down approaches, Factor Analysis, Time-Series analysis, and Demand Side and Supply Side data triangulation.
- A thorough validation and recheck process was involved in obtaining final market figures.
Conclusion
This research report presents a comprehensive research methodology for the research study ‘Flat Steel Market – Analysis and Forecast to 2030’. The research methodology includes secondary research, primary research, qualitative research, factor and value-chain analyses, top-down and bottom-up approaches, and time-series and demand-supply analysis.