Brazil Road Freight Transport Market Size
Icons | Lable | Value |
---|---|---|
Study Period | 2016 - 2028 | |
Base Year For Estimation | 2021 | |
CAGR | 5.10 % | |
Largest Share by End User | Manufacturing | |
Fastest Growing by End User | Agriculture, Fishing and Forestry | |
Market Concentration | High | |
Major Players |
||
*Disclaimer: Major Players sorted in no particular order |
Brazil Road Freight Transport Market Analysis
The Brazil Road Freight Transport Market is projected to register a CAGR of 5.10%
- Largest Segment by Distance - Short Haul : The Brazilian government has started restructuring the investment process in the highway sector, helping to promote better risk sharing and a stronger incentive framework, thus strengthening short-haul trucking services and making it the dominant segment.
- Largest Segment by Product Type - Solid Goods : Owing to the substantial investment in consumer and industrial products, solid goods account for the maximum market share in the Brazilian road freight transport market. The industries included in this category account for the majority of the goods transported.
- Largest Segment by End User - Manufacturing : The manufacturing sector, which accounts for a share of more than 11% of the country's gross domestic product, is the largest segment among end users in the Brazilian road freight transport market.
- Fastest Growing Segment by TruckLoad Specification - Less than Truckload : The fastest-growing specification is the LTL service supported by registrations of new trucks that amounted to approximately 128.7 thousand units in 2021, an increase of 43% from 2020.
Brazil Road Freight Transport Market Trends
This section covers the major market trends shaping the Brazil Road Freight Transport Market according to our research experts:
Manufacturing is the largest segment by End User.
- Brazil's manufacturing PMI slightly changed to 54.0 in July of 2022 from 54.1 in June. Factory orders and production rose at the weakest paces in three months but remained historically elevated, while the rate of job creation rose to its highest in more than a year. On the price front, input costs rose at the slowest pace since May 2020, with charge inflation easing to a five-month low. Manufacturing expectations improved to a three-month peak amid optimism about the rising output in the coming months.
- In 2021, sales through the internet during the 15-day-period preceding 2021 were forecast at BRL 6.9 billion (USD 1.22 billion), the highest revenue so far. Black Friday is also among the most popular online events, which contributed to around BRL 4.2 billion (USD 0.74 billion) in online revenue in 2021.
- In 2020, retail e-commerce sales in Latin America were estimated to amount to approximately USD 85 billion, nearly 35% more than reported in the previous year before the COVID-19 pandemic. According to forecasts, this figure is expected to rise to about USD 160 billion by 2025. Brazil and Mexico together accounted for about 60% of the e-commerce market in Latin America in 2020. Forecasts for that same year indicated that retail e-commerce would represent approximately 5.5% of Mexico's total retail sales and 4.5% of Brazil’s.
Brazil Road Freight Transport Industry Overview
The Brazil Road Freight Transport Market is fragmented, with the top five companies occupying 3.20%. The major players in this market are Braspress, FedEx, JSL SA, RTE Rodonaves and VIX Logística (sorted alphabetically).
Brazil Road Freight Transport Market Leaders
Braspress
FedEx
JSL SA
RTE Rodonaves
VIX Logística
*Disclaimer: Major Players sorted in no particular order
Brazil Road Freight Transport Market News
- July 2022: Bertolini received the first Starlink antenna from SpaceX and endorsed the technology to expand the connectivity of operations.
- May 2022: To ensure that drivers follow the speeding limit and traffic laws, Transportes Bertolini Ltda launched a project called Angel Project.
- May 2022: G10 tested Sustainable innovation developed by Randon companies. Semi-trailers of the Hybrid R line will run on sections operated by the G10 carriers. The company carried out the technical delivery of a semi-trailer model of the Hybrid R line.
Brazil Road Freight Transport Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
3.1. Study Assumptions & Market Definition
3.2. Scope of the Study
3.3. Research Methodology
4. KEY INDUSTRY TRENDS
4.1. GDP Distribution By Economic Activity
4.2. GDP Growth By Economic Activity
4.3. Wholesale Price Inflation
4.4. Economic Performance And Profile
4.5. Transport And Storage Sector GDP
4.6. Logistics Performance
4.7. Modal Share Of Freight Transport Sector
4.8. Length Of Roads
4.9. Export Trends
4.10. Import Trends
4.11. Fuel Pricing Trends
4.12. Trucking Operational Costs
4.13. Trucking Fleet Size By Type
4.14. Major Truck Suppliers
4.15. Road Freight Tonnage Trends
4.16. Road Freight Pricing Trends
4.17. Regulatory Framework
4.18. Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION
5.1. End User
5.1.1. Agriculture, Fishing And Forestry
5.1.2. Construction
5.1.3. Manufacturing
5.1.4. Oil And Gas, Mining And Quarrying
5.1.5. Wholesale And Retail Trade
5.1.6. Others
5.2. Destination
5.2.1. Domestic
5.2.2. International
5.3. Truckload Specification
5.3.1. Full Truckload
5.3.2. Less Than Truckload
5.4. Containerization
5.4.1. Containerized
5.4.2. Non- Containerized
5.5. Distance
5.5.1. Long Haul
5.5.2. Short Haul
5.6. Product Type
5.6.1. Liquid Goods
5.6.2. Solid Goods
5.7. Temperature Control
5.7.1. Controlled
5.7.2. Non-Controlled
6. COMPETITIVE LANDSCAPE
6.1. Key Strategic Moves
6.2. Market Share Analysis
6.3. Company Landscape
6.4. Company Profiles
6.4.1. Braspress
6.4.2. Deutsche Post DHL Group
6.4.3. Expresso Nepomuceno
6.4.4. Fadel Transportes e Logística
6.4.5. FedEx
6.4.6. Gafor
6.4.7. HU Transporte Rodoviario
6.4.8. JSL SA
6.4.9. Maersk
6.4.10. RTE Rodonaves
6.4.11. Transben Transportes
6.4.12. Transpanorama Transportes Ltda
6.4.13. Transportes Bertolini Ltda
6.4.14. VIX Logística
7. KEY STRATEGIC QUESTIONS FOR ROAD FREIGHT CEOS
8. APPENDIX
8.1. Global Logistics Market Overview
8.1.1. Overview
8.1.2. Porter’s Five Forces Framework
8.1.3. Global Value Chain Analysis
8.1.4. Market Dynamics (Market Drivers, Restraints & Opportunities)
8.2. Sources & References
8.3. List of Tables & Figures
8.4. Primary Insights
8.5. Data Pack
8.6. Glossary of Terms
8.7. Currency Exchange Rate
List of Tables & Figures
- Figure 1:
- DISTRIBUTION OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, BRAZIL, SHARE %, 2021
- Figure 2:
- GROWTH OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, BRAZIL, CAGR %, 2016 – 2021
- Figure 3:
- WHOLESALE PRICE INFLATION RATE, BRAZIL, PERCENTAGE (%), 2016 – 2021
- Figure 4:
- TRENDS IN E-COMMERCE INDUSTRY, BRAZIL, VALUE, USD, 2016 – 2021
- Figure 5:
- TRENDS IN E-COMMERCE INDUSTRY BY SECTOR, BRAZIL, SHARE %, 2021
- Figure 6:
- TRENDS IN MANUFACTURING INDUSTRY, BRAZIL, VALUE, USD, 2016 – 2021
- Figure 7:
- TRENDS IN MANUFACTURING INDUSTRY BY SECTOR, BRAZIL, SHARE %, 2021
- Figure 8:
- TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT, BRAZIL, VALUE, USD, 2016 – 2021
- Figure 9:
- TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT, BRAZIL, SHARE %, 2016 – 2021
- Figure 10:
- LOGISTICS PERFORMANCE, BRAZIL, RANK, 2010 – 2018
- Figure 11:
- MODAL SHARE OF FREIGHT TRANSPORT SECTOR, BRAZIL, SHARE %, BY VOLUME (TONS), SHARE%, 2021
- Figure 12:
- LENGTH OF ROADS BY TYPE OF SURFACE, BRAZIL, SHARE %, 2021
- Figure 13:
- LENGTH OF ROADS BY TYPE OF ROAD, BRAZIL, SHARE %, 2021
- Figure 14:
- VALUE OF EXPORTS, BRAZIL, USD, 2016-2021
- Figure 15:
- VALUE OF IMPORTS, BRAZIL, USD, 2016-2021
- Figure 16:
- FUEL PRICE BY TYPE OF FUEL, BRAZIL, USD PER LITRE, 2016-2021
- Figure 17:
- TRUCKING OPERATIONAL COSTS, BRAZIL, SHARE %, 2021
- Figure 18:
- TRUCKING FLEET SIZE BY TYPE, BRAZIL, SHARE %, 2021
- Figure 19:
- MAJOR TRUCK SUPPLIER BRANDS, BRAZIL, SHARE %, 2021
- Figure 20:
- ROAD FREIGHT TRANSPORT LOAD PICKED, BRAZIL, TONS, 2016-2028
- Figure 21:
- ROAD FREIGHT TRANSPORT RATES, BRAZIL, USD/TON-KM, 2016-2021
- Figure 22:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, VOLUME, TON-KM, 2016 - 2028
- Figure 23:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, VALUE, USD, 2016 - 2028
- Figure 24:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, BY END USER, VOLUME, TON-KM, 2016 - 2028
- Figure 25:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, BY END USER, VALUE, USD, 2016 - 2028
- Figure 26:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY END USER, 2016 - 2028
- Figure 27:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, AGRICULTURE, FISHING AND FORESTRY, VOLUME, TON-KM, 2016 - 2028
- Figure 28:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, AGRICULTURE, FISHING AND FORESTRY, VALUE, USD, 2016 - 2028
- Figure 29:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028
- Figure 30:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, CONSTRUCTION, VOLUME, TON-KM, 2016 - 2028
- Figure 31:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, CONSTRUCTION, VALUE, USD, 2016 - 2028
- Figure 32:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028
- Figure 33:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, MANUFACTURING, VOLUME, TON-KM, 2016 - 2028
- Figure 34:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, MANUFACTURING, VALUE, USD, 2016 - 2028
- Figure 35:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028
- Figure 36:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, OIL AND GAS, MINING AND QUARRYING, VOLUME, TON-KM, 2016 - 2028
- Figure 37:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, OIL AND GAS, MINING AND QUARRYING, VALUE, USD, 2016 - 2028
- Figure 38:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028
- Figure 39:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, WHOLESALE AND RETAIL TRADE, VOLUME, TON-KM, 2016 - 2028
- Figure 40:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, WHOLESALE AND RETAIL TRADE, VALUE, USD, 2016 - 2028
- Figure 41:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028
- Figure 42:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, OTHERS, VOLUME, TON-KM, 2016 - 2028
- Figure 43:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, OTHERS, VALUE, USD, 2016 - 2028
- Figure 44:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028
- Figure 45:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, BY DESTINATION, VOLUME, TON-KM, 2016 - 2028
- Figure 46:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, BY DESTINATION, VALUE, USD, 2016 - 2028
- Figure 47:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY DESTINATION, 2016 - 2028
- Figure 48:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, DOMESTIC, VOLUME, TON-KM, 2016 - 2028
- Figure 49:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, DOMESTIC, VALUE, USD, 2016 - 2028
- Figure 50:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY END USER, 2021 - 2028
- Figure 51:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, INTERNATIONAL, VOLUME, TON-KM, 2016 - 2028
- Figure 52:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, INTERNATIONAL, VALUE, USD, 2016 - 2028
- Figure 53:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY END USER, 2021 - 2028
- Figure 54:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, BY TRUCKLOAD SPECIFICATION, VALUE, USD, 2016 - 2028
- Figure 55:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY TRUCKLOAD SPECIFICATION, 2016 - 2028
- Figure 56:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, FULL TRUCKLOAD, VALUE, USD, 2016 - 2028
- Figure 57:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
- Figure 58:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, LESS THAN TRUCKLOAD, VALUE, USD, 2016 - 2028
- Figure 59:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
- Figure 60:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, BY CONTAINERIZATION, VALUE, USD, 2016 - 2028
- Figure 61:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY CONTAINERIZATION, 2016 - 2028
- Figure 62:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, CONTAINERIZED, VALUE, USD, 2016 - 2028
- Figure 63:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
- Figure 64:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, NON- CONTAINERIZED, VALUE, USD, 2016 - 2028
- Figure 65:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
- Figure 66:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, BY DISTANCE, VALUE, USD, 2016 - 2028
- Figure 67:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY DISTANCE, 2016 - 2028
- Figure 68:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, LONG HAUL, VALUE, USD, 2016 - 2028
- Figure 69:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
- Figure 70:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHORT HAUL, VALUE, USD, 2016 - 2028
- Figure 71:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
- Figure 72:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, BY PRODUCT TYPE, VALUE, USD, 2016 - 2028
- Figure 73:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY PRODUCT TYPE, 2016 - 2028
- Figure 74:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, LIQUID GOODS, VALUE, USD, 2016 - 2028
- Figure 75:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
- Figure 76:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SOLID GOODS, VALUE, USD, 2016 - 2028
- Figure 77:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
- Figure 78:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, BY TEMPERATURE CONTROL, VALUE, USD, 2016 - 2028
- Figure 79:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY TEMPERATURE CONTROL, 2016 - 2028
- Figure 80:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, CONTROLLED, VALUE, USD, 2016 - 2028
- Figure 81:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
- Figure 82:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, NON-CONTROLLED, VALUE, USD, 2016 - 2028
- Figure 83:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
- Figure 84:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 85:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 86:
- BRAZIL ROAD FREIGHT TRANSPORT MARKET SHARE(%), BY MAJOR PLAYERS, 2021
Brazil Road Freight Transport Industry Segmentation
Agriculture, Fishing And Forestry, Construction, Manufacturing, Oil And Gas, Mining And Quarrying, Wholesale And Retail Trade, Others are covered as segments by End User. Domestic, International are covered as segments by Destination. Full Truckload, Less Than Truckload are covered as segments by Truckload Specification. Containerized, Non- Containerized are covered as segments by Containerization. Long Haul, Short Haul are covered as segments by Distance. Liquid Goods, Solid Goods are covered as segments by Product Type. Controlled, Non-Controlled are covered as segments by Temperature Control.End User | |
Agriculture, Fishing And Forestry | |
Construction | |
Manufacturing | |
Oil And Gas, Mining And Quarrying | |
Wholesale And Retail Trade | |
Others |
Destination | |
Domestic | |
International |
Truckload Specification | |
Full Truckload | |
Less Than Truckload |
Containerization | |
Containerized | |
Non- Containerized |
Distance | |
Long Haul | |
Short Haul |
Product Type | |
Liquid Goods | |
Solid Goods |
Temperature Control | |
Controlled | |
Non-Controlled |
Market Definition
- CABOTAGE - Road transport by a motor vehicle registered in a country performed on the national territory of another country.
- CONTAINERIZATION - Road freight transport in the form of containerized as well as non-containerized road freight transport is considered in the study.
- CONTAINERIZED CARGO - Containerized cargo means general goods, commodities or wares that are shipped in non-dContainerized cargo means general goods, commodities or wares that are shipped in non-disposable, reusable, commercial sized shipping containersisposable, reusable, commercial sized shipping containers
- CROSS TRADE - International road transport between two different countries performed by a road motor vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and than the country of unloading/disembarkation.
- DISTANCE TYPES - Both long haul and short haul road freight transport markets are considered in the study.
- DOMESTIC ROAD FREIGHT TRANSPORT - Domestic Road Freight Transportation includes all the freight activity within the country comprising both inter-state and intra state fright flows
- END USER - Road Freight Transport market is analyzed based on the major end users viz. Oil & Gas, Mining & Quarrying, Construction, Manufacturing,Wholesale & Retail Trade, Agriculture, Fishing & Forestry among other end users
- FULL TRUCKLOAD - Full Truckload shipping is the movement of large amounts of homogeneous cargo, generally the amount necessary to fill an entire semi-trailer or intermodal container. A Full truckload carrier is a trucking company that generally contracts an entire trailer-load to a single customer.
- INTERNATIONAL ROAD FREIGHT TRANSPORT - International road freight transport refers to the cross-border transportation or flow of freight across international borders.
- LESS THAN TRUCKLOAD - LTL refers to “Less-than-Truck Load”, a mode of freight transport that offers flexible options when the amount of cargo needing to be moved does not fill a full truck load (FTL) but is too large or heavy for parcel shipping.
- LIQUID GOODS - Liquid Goods include all goods which are liquid in nature (crude petroleum, oil, gasoline, liquid fertilizers, alcoholic and non-alcoholic beverages to name a few)
- LONG HAUL ROAD FREIGHT TRANSPORT - Long-distance trucking (Long Haul) establishments carry goods between metropolitan areas or cross border. (greater than or equal to 100 miles)
- NON- CONTAINERIZED CARGO - Non-Containerised Cargo refers to goods shipped in pieces separately without the use of a container. These goods are shipped in crates, bags, boxes, drums, barrels and they are extremely large in sizes/dimensions.
- PRODUCT TYPES - Both solid and liquid goods are considered in terms of the type of products transported, in the study.
- ROAD FREIGHT TRANSPORT - Hiring a trucking agency for transport of commodities (raw materials or manufactured goods including both solids and liquids) form the origin to a destination within the country (domestic) or cross-border (international) constitutes road freight transport market. The service might be Full-Truck-Load or Less than-Truck-Load, containerized or non-containerized, temperature controlled or non temperature controlled, short haul or long haul.
- SHORT HAUL ROAD FREIGHT TRANSPORT - Local trucking (Short Haul) establishments primarily carry goods within a single metropolitan area and its adjacent nonurban areas. (upto 99 miles)
- SOLID GOODS - Solid Goods include all goods which are solid in nature (coal, building stone, gravel, motorized vehicles, electronics, machinery to name a few)
- TEMPERATURE CONTROL - Temperature controlled as well as non-temperature-controlled transport of freight through road, is considered in the scope of the study
- TRUCKLOAD SPECIFICATION - For the purpose of this study, both less-than truckload and full-truckload road freight markets are taken into consideration.
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms