Research Methodology on Fiberglass Pipes Market
The study aims to understand and forecast the future prospects of the Fiberglass Pipes Market from 2023 to 2030. The report accomplishes this by providing an extensive market analysis and a forecast of the global Fiberglass Pipes Market by application, product type, end-user, and region.
Objectives
The objectives of the research study are as follows:
• To describe and forecast the global Fiberglass Pipes Market, in terms of revenue, by application, product type, end-user and region.
• To provide detailed information regarding the important factors influencing the growth of the Fiberglass Pipes Market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyse each sub-segment concerning the individual growth trends, future prospects, and contribution to the total market
• To analyze the opportunities in the Fiberglass Pipes Market for stakeholders and provide details of the competitive landscape for key players
• To strategically profile key players in the Fiberglass Pipes Market and comprehensively analyze their market position and core competencies
Sources of Data
The research methodology includes both primary and secondary sources of data and information. Secondary sources of data and information are:
• Factiva Databases
• Annual Reports
• Press Releases
• Various official websites of companies
• World Bank Database
• Industry journals and white papers
Primary Sources of Data
The primary research covered for the study comprised interviews with credible professionals in the Fiberglass Pipes industry, such as key opinion leaders (KOLs), experts, and senior professionals of the respective industries. The primary research was conducted through different sources such as:
• Email Interviews
• Telephone Interviews
• Face-to-face Interviews
Secondary Sources of Data
Secondary sources of data and information for the market report include multiple industry-leading publications from manufacturers, suppliers, and distributors. For the purpose of this report, secondary data from trade publications, company websites, and proprietary databases such as Bloomberg, Factiva, and Hoovers were considered.
Types of Research
Top-Down Approach
In this approach, the market is estimated at the top level and then split into different segments and sub-segments to estimate further data breakdown. This approach is for overall market sizing and forecasting.
Bottom-Up Approach
This approach starts by estimating the current size of the individual segments and sub-segments, which are further announced to derive the total market size. In this case, the top-level segment contribution to the overall analysis is absent, and hence this approach is mainly used by venture capital, investment bankers, and private equity funds.
Demand-Side Triangulation
In this approach, the market was estimated using production, import, and export data from the key players in the market. This approach gives a better understanding of the key market dynamics. Also, this methodology provides insights into the future trends of the Fiberglass Pipes Market.
Supply-Side Triangulation
In this approach, the market was estimated using the revenues and market share of the major players in the market. This approach enables a better understanding of the overall market size.
Market Sizing and Forecasting Methodology
Using secondary research, market sizing and estimation of the market share of the market as well as forecasted data were identified. The data was analyzed further to understand key trends in the market. Primary research was conducted with industry experts, including CEOs, consultants, and specialists, to understand key trends in the market. The data was interpreted further to provide insights into the market.
Data Analysis
The analysis is carried out using both qualitative and quantitative techniques to provide a comprehensive understanding of the market. The qualitative analysis included the use of Porter’s Five Forces Model. This analysis provided insight into the bargaining power of buyers and suppliers, the degree of competition, and the threat of new entrants.
Time-Series Analysis
Time-series analysis was used to identify and explore historical trends and to forecast the future growth prospects of the market. For further analysis, the data was divided into components to understand the short-term and long-term demand patterns for the market.
Factor Analysis
Factor analysis was used to assess the external environment and to understand the potential opportunities and threats in the market. Also, factor analysis enabled us to have a clear view of the key players in the Fiberglass Pipes market and to analyze their strategies. In addition, it was also used to evaluate the demand-supply gap in the market.
Market Segmentation
On the basis of application, the Fiberglass Pipes market is classified into water management, electrical insulation, oil & gas, and others.
On the basis of product type, the Fiberglass Pipes Market is categorized into solid wall fiberglass pipes, filament wound fiberglass pipes, and thermoset composites and reinforced plastics.
On the basis of end-users, the Fiberglass Pipes Market is segmented into engineering plastic, construction, automotive, and others.
On the basis of region, the Fiberglass Pipes Market has been classified into North America, Europe, Asia-Pacific, and the Rest of the world.
Regional Analysis
The regional analysis conducted in the report covers North America, Europe, Asia-Pacific, and RoW. In the regional analysis, the report includes production, consumption, revenue, market size, and market share of the individual regional markets.
Assumptions
The major assumptions assumed in the course of the study are stated below:
• The market share of the top 10 players is assumed to remain the same.
• Increasing demand for value-added services related to Fiberglass Pipes is expected to drive the market growth.
