Research Methodology on Fencing Market
Research methodology plays a pivotal role in obtaining accurate and reliable results and is considered the backbone of any research work (Kirkman, 2011). Successful research entails a step-by-step systematic process that needs to be discussed in detail. This research study includes an understanding of the global fencing market by conducting a detailed market research analysis. To understand the trends and outlook of the market, extensive primary and secondary research is conducted over the past few years.
Primary Research:
The primary research involves intensive interviews with experts from the fencing industry. Some of these include fencing technology providers, fencing raw material suppliers, professional installers, infrastructure companies and industry experts from the field of manufacturing companies. The primary research also includes information gained from questionnaires and surveys taken by industry leaders and experts
Secondary Research:
The secondary research process includes the gathering of relevant information from published journals, industry reports, research papers, government websites, press releases and other directories & databases related to the fencing market. An in-depth analysis of the collected data is done to derive market information and insights, which are then used as per the research scope.
The market size is estimated by a bottom-up approach in the market, by considering the production and demand applications of the market. Demand estimations are performed by taking into account the current presence and future sales forecast of the fencing products. Further, to gain a thorough understanding of the competitive landscape, company profiles of the major market players are analysed.
To ensure the correctness of the information obtained from the comprehensive research process, triangulation is done. It is done by using various sources like supply side and demand side analysis. The data is further verified and validated by performing additional analyses like market dynamics, industry trends and competitive landscape research.
Conclusion
The global fencing market is on the rise and provides immense growth opportunities. The research process took into account a thorough market overview that includes production and consumption analysis of the market, industry drivers, market restraints and Porter’s five forces analysis. The research approach of this study is comprehensive and is done by considering both primary and secondary research perspectives. It serves to provide a seamless and reliable data analysis of the global fencing market that aids clients to make informed decisions.