Research Methodology on Fuel Dispenser Market
1. Introduction
The research methodology utilized for this report on the ‘Global Fuel Dispenser Market’ is a combination of primary and secondary research initiatives. Primary data collection is conducted employing market surveys and in-depth interviews with key opinion leaders in the industry. Secondary research is conducted through an exhaustive literature review of published journals and reports, relevant trade magazines and other published sources. In addition, an analysis of financial data and macroeconomic factors is used to assess current industry trends. The analysis is further validated with the help of cross-referencing and triangulation techniques.
2. Research Design
The research design selected for this report is a descriptive one as its purpose is to assess the global Fuel Dispenser market in terms of its current trends, drivers and barriers. The data for this report is collected using qualitative and quantitative approaches. In the qualitative approach, focus group studies, in-depth interviews and a survey are used to understand the various perceptions of key stakeholders in the Fuel Dispenser market. Furthermore, to collect data from the target population, structured and semi-structured questionnaires are designed.
In the quantitative approach, primary data is collected using a systematic survey, conducted using a convenience sample of 1,200 Fuel Dispenser manufacturers, suppliers and distributors across the globe. A questionnaire is designed to gather information from these respondents concerning the global Fuel Dispenser market. The data is collected over seven weeks and responded to in detail.
In order to ensure the accuracy of the data collected, a methodological review is conducted with the use of multiple verification techniques.
3. Data Sources and Collection
The secondary data for this research is procured from reliable sources such as-
• Reports published by industry associations:
This includes industry reports published and endorsed by professional bodies and industry organizations in the Fuel Dispenser market.
• Whitepapers, Press Releases:
The latest news, white papers and press releases related to the Fuel Dispenser market are also taken into consideration.
• Presentations:
Official presentations made available by the major players in the Fuel Dispenser market are used as the source of data.
• Statistics from Market Intelligence agencies:
Key industry statistics from reliable sources such as the government and reputed market intelligence agencies are also taken into consideration for the study.
• Regional and Country Reports:
Reports from regional and country-specific sources are also taken into consideration.
Primary data collection is done through interviews and surveys with key stakeholders in the Fuel Dispenser market. The interviews are conducted with key opinion leaders such as industry experts and market analysts. In addition to this, surveys are used to collect data from target market populations.
4. Market Size Estimation
To estimate the market size for the ‘Global Fuel Dispenser market’, the study used bottom-up and top-down approaches. This is done to ascertain the size and value of the market in terms of fuel dispenser unit sales and total market revenue. The bottom-up approach is utilized to estimate the overall market size by assessing the sales of major players in the market. The top-down approach is also used to derive the overall market size by dividing the total number of fuel dispensers in the market by the total number of fuel dispensers sold. The estimated market sizes are then validated using industry experts’ opinions.
5. Conclusion
The research methodology used for this report on the Fuel Dispenser market is a combination of primary and secondary research endeavours, which spanned the entire market. The information collected through both approaches is validated using multiple sources.
