RESEARCH METHODOLOGY on lawn Garden Equipment Market
Introduction
The research study aims to investigate the current trends in lawn and garden equipment and its global market demand. The research seeks to understand the consumption pattern of lawn and garden equipment and analyze factors influencing consumption. The research objectives will be attained through various techniques including both primary and secondary research.
Research Approach
The research approach plays a significant role in determining the overall research design. The study of lawn and garden equipment employs Qualitative and Quantitative Research Designs. The qualitative design includes exploratory research and data based on the unstructured gathering of information. Quantitative research design includes gaining knowledge based on structured methods of collection and analysis of numerical data.
Data Sources
Primary sources of data are collected through interviews with lawn and garden industry entrepreneurs, business owners and trade experts to study their perspectives and opinion on the Lawn and Garden Equipment Market.
Secondary sources of data are gathered from reliable sources such as industry publications, market reports and white papers, government and industry sources, press releases, research reports, and case studies.
Sources of Information
The primary source of information includes interviews with lawn and garden entrepreneurs, business owners and trade experts. The interviews can be conducted in person, over the phone, or through online platforms.
The secondary sources include syndicated and custom market research reports, industry publications, market reports, white papers, government and industry sources, press releases and research reports. The data is collected from these sources through the last ten years (2012-2022).
Research & Analysis
To analyze the data obtained from primary and secondary sources, both qualitative and quantitative methods are used. Qualitative data analysis includes an examination of the obtained data and identifying potential trends, patterns and relationships. Quantitative data analysis involves the use of statistical tools for data analysis to generate numerical insights.
The research involves market assessment and size estimation. The market size, current market trends and future projections are obtained from the analysis of the data, obtained from both primary and secondary sources.
Market Forecasting
Market forecasting is essential to predict the growth of the Lawn and Garden Equipment Market. The forecasting is done considering the infrastructural developments in the lawn and garden equipment industry and the global economic scenario. The market forecasts are carried out considering the historic and current market trends, and the future potentials of the described market.
Conclusion
The research methodology adopted for the study is comprehensive, involving a combination of both primary and secondary sources of data. The obtained information is analyzed using qualitative and quantitative data analysis techniques to understand currently prevailing market trends and to identify potential growth opportunities in the Lawn and Garden Equipment Market. Market forecasts, enabling companies to make informed decisions are attained using market assessment and size, and market forecasting.