We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
The global patchouli oil market is presently worth USD 72 million. It is set to amplify at a CAGR of 2.8% over 2022-2030, thereby reaching a valuation of USD 89.80 million by end of the assessment timeline.
Wide array to benefits offered by patchouli oil to aid industry expansion: -Patchouli oil is used in various applications owing to its wide array of beneficial characteristics. Its anti-inflammatory, antimicrobial, and antidepressant properties is escalating its demand in medical and therapeutic applications. Moreover, its ability to easily blend with other essential oils and produce a long lasting aroma is increasing its adopting in the perfumery sector. These factors altogether are stimulating the dynamics of this business sphere.
Some of the major players operating within the market are Berjé Inc., Eastern Agencies Aromatics Pvt. Ltd., Givaudan SA, Firmenich S.A., Nusaroma PT, Pt Indesso Aroma, Takasago International Corporation, PT Mitra Ayu Adi Pratama, PT Aroma Essence Prima, and Ultra International B.V., Mountain Rose Herbs, doTERRA International, Nusaroma, Van Aroma, PT Mitra Ayu, Riya Agro Products, and Shaanxi Rebecca Bio-Tech.
Considering the geographical frame of reference, the business sphere is fragmented into North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, Asia Pacific is reckoned to account for a substantial revenue share over 2022-2030. This is ascribed to the escalating demand for organic perfumes, growing prevalence of mental health disorders, and rising popularity of aromatherapy in the region.
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