A three-pronged approach was followed for deducing the respiratory protective equipment market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for respiratory protective equipment market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of respiratory protective equipment market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The respiratory protective equipment market was categorized into three segments, namely product (Air Purifying Respirators, Supplied Air Respirators), end-use (Oil & Gas, Fire services, Petrochemical/chemical, Industrial, Pharmaceuticals, Construction, Healthcare, Mining), and region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).
The respiratory protective equipment market was segmented into product, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The respiratory protective equipment market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-two countries, namely, the U.S.; Canada; Mexico; Germany; France; the UK; Italy; Russia; Spain; China; Japan; India; South Korea; Indonesia; Thailand; Australia; Malaysia; Brazil; Argentina; Saudi Arabia; UAE; South Africa.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The respiratory protective equipment market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
3M - 3M, formerly known as the Minnesota Mining and Manufacturing Company. Established in 1902 and is headquartered in Minnesota, U.S. The company has a robust R&D program facility which it uses to deliver innovative products across multiple segments.The company is publicly traded on the New York Stock Exchange with the ticker code MMM. Its products are distributed globally through an extensive distribution network comprising direct and third-party supply channels such as retailers, wholesalers, dealers, distributors, and jobbers.
Alpha Pro Tech Limited - Alpha Pro Tech Limited was incorporated in 1994 and is headquartered in Delaware, U.S.has vertically integrated production centers in Arizona, Utah, and Georgia, which are involved in manufacturing innovative and high-quality products. As of Feb 2021, the company had a total of 115 employees working across its offices.The company operates through three business segments, namely building supply, infection control, and disposable protective apparel.
Ansell Ltd. - Ansell Ltd. was incorporated in 1929 and is headquartered in Melbourne, Australia. The company caters its products and protection solutions to various industries including construction, oil & gas, mining, healthcare, automotive, life sciences, food processing, military, and chemical. Its medical segment offers products such as surgical, medical, examination gloves, and healthcare devices. Industrial segment provides protective solutions such as suits, clothing, gloves and respiratory products. It provides protection equipment & solutions and operates through three business segments, namely industrial, medical, and single-use solutions. As of June 2020, the company had established offices and manufacturing plants across 55 countries, with major corporate hubs in the U.S., Belgium, Malaysia, and Australia, and over 13,513 employees working globally.
Avon Rubber p.l.c. - Avon Rubber p.l.c. was founded in 1885 and is headquartered in Wiltshire, UK. The company caters its products to various industries such as marine, military, defense, and mineral & oil extraction. t offers milking point solutions and chemical, biological, radiological, and nuclear (CBRN) & respiratory protection systems through its two business segments, namely Milkrite/InterPuls and Avon Protection. The company operates globally through its 10 sites and serves over 90 countries. As of December 2018, it had around 800 employees.
Bullard – Bullard is primarily engaged in designing, developing, manufacturing, and marketing personal protective equipment for people working in hazardous conditions. The company was founded in 1898 and is headquartered in Cynthiana, Kentucky, U.S. The company provides emergency responders and industrial health & safety products including thermal imagers, hard hats, and firefighting & rescue helmets, supplied air respirators, powered air-purifying respirators, and air quality equipment to its customers worldwide.
Delta Plus Group - Delta Plus Group is a subsidiary of JBP, which was founded in 1996. The company manufactures safety eyewear and head, face, hearing, and respiratory protection products along with a full line of chainsaw protective clothing. The company was incorporated in 1977 and is headquartered in Apt, France. It has 27 distribution subsidiaries located in France, Italy, Spain, the UK, Turkey, the UAE, China, Brazil, and the U.S. and supplies products to over 90 countries.
DuPont - DuPont (E. I. du Pont de Nemours and Company) was founded in 1802 with its headquarters in Delaware, U.S.The company operates through six segments namely agricultural products, high-performance materials, food & personal care, people & process safety, polymers & fibers and industrial biotechnology. It serves various end-use sectors such as food & beverage, agriculture, electronics & communications, home & construction, safety & protection, packaging & printing, chemicals, marine, mining, energy, apparel, and automotive. It is a multinational conglomerate delivering a wide range of products and services to diverse industries with subsidiaries in over 90 countries and manufacturing units in around 50 countries. As of December 2020, the company had around 34,000 employees working across the globe.
ILC Dover - ILC Dover was established in 1947 and is headquartered in Frederica, Delaware, U.S. The company caters to a wide range of industries including pharmaceutical & biopharmaceutical manufacturing, personal care, food & beverage, chemical, aerospace, and healthcare as well as government agencies. The company is primarily engaged in material development, engineering, design, and manufacturing of flexible containment solutions. It offers its products in five reportable segments including pharma/biopharma, packaging solutions, personal safety, flood protection, and aerospace.
Intech Safety Pvt. Ltd - Intech Safety Pvt. Ltd. offers safety products for personal protection, respiratory protection, and mining applications. It is headquartered in Kolkata, India. It provides hearing protection, head protection, eye protection, and fall protection products including ear plugs, ear muffs, helmets, protective goggles, visors, and harnesses for personal protection.
Kimberly-Clark Corporation - Established in 1872 and is headquartered in Texas, U.S. Kimberly-Clark Corporation is primarily engaged in the manufacturing and marketing of natural or synthetic fiber products using advanced technology.The company maintains a broad global presence as a part of its growth strategy. As of December 2020, it had 84 manufacturing facilities in 34 countries located across the globe. The company had over 46,000 employees as of December 2020.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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