Research Methodology on Agriculture Equipment Market
This research study was conducted to analyze the trends and opportunities in the Global Agriculture Equipment market. The research approaches employed to gather information for this study include primary and secondary data sources.
Primary Research
The primary data was gathered from interviews with key representatives across the value chain, industry experts and regulatory bodies. In order to get a better understanding of the industry and its dynamics, qualitative and quantitative data sources were used. The primary research methodology incorporated a great deal of face-to-face and telephonic interviews with various stakeholders such as investors, manufacturers, suppliers and industry experts.
Secondary Research
Incomprehensive secondary research was used to identify industry trends, confirm the market size and status of specific segments. Sources used for secondary research covers databases such as company literature, press releases, websites, online and offline repositories, published materials, regulatory bodies, government agencies, journals, webinars, and newsletters.
Data Collection and Validation
The collected primary and secondary data were analyzed and compared with the industry benchmarks to conclude. All the collected information was cross-checked with primary respondents and stakeholders to make sure the decisions made by the analyst were validated and reliable. The detailed approaches that were utilized in this research study are listed below:
- Comprehensive investigation of the industry and its segments of the market
- Analysis and comparison of the major market participants
- Interview experts and study historical trends to determine the industry trends
- Detailed investigation of the market growth potential of the agricultural equipment segment
- Study of the market attractiveness in different regions
- Study of the competitive scenario and key market developments
Market Estimation
In order to estimate the size of the market, various data sources such as secondary research, verified primary research, and in-house analysis were used. The market estimation process was performed for each of the regions and product segments. All the top-down and bottom-up approaches had been considered which provided the size and information of the parent market and various segments.
Regional breakdown of data
Data was collected for the regions of North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. The data collected from the various sources was then validated and verified. After all the sources had been validated, the final regional segmentation covered in the report included:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- Latin America
Prior to the primary and secondary research, different methods had been evaluated in an organized manner to determine the regional boundaries. The Weighted average method was used to estimate the market size in each region.
Data Triangulation
Data triangulation technique was used to cross-check the market size if they had significantly differed from different sources. The various data sources included the vendors and stakeholders in the industry, regional estimates, financial figures from local governments, and cost structure analysis.
The above-mentioned methods were employed to collect and verify the data obtained from primary and secondary sources. The research efforts also included cross-checking the market segmentation and other assumptions. The report provided an in-depth analysis of the global agriculture equipment market by estimating the current market size from 2023 and forecasting till 2030.
