COVID-19 Outbreak-Global Business Travel Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020
Business Travel Market Snapshot
Business travel is travel undertaken for work or business purposes, as opposed to other types of travel, such as for leisure purposes or regularly commuting between one's home and workplace.
Business Travel Market is expected to see potential upside in years to come. The assessment aims are to provide a viewpoint on upcoming trends, growth drivers, opinions, and facts derived from industry executives with statistically supported and market validated data. Furthermore, details on How or Why this market may see a growth momentum during the forecast period is analyzed and correlated with dominating and emerging players strength and weakness.
The Study also encompasses COVID-19 Outbreak & Impact Analysis, how Business Travel Industry would develop, and what business strategies industry players are considering to overcome challenges. A holistic study of the Business Travel market is made by considering a variety of factors, from demographics conditions and business cycles in a particular country to market-specific microeconomic impacts. The analysis found the shift in market paradigms in terms of the local and global competitive edge of major players.
Business Travel Market Scope
Business Travel market is segmented on the basis of type (
Market Data Breakdown and Growth Pattern by Type
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Market Data Breakdown and Growth Pattern by End-Use Industry / Applications
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Competitive Landscape
In the competitive analysis section of the
Players Profiled in the Business Travel Market Study
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Regional Landscape & Analysis
North America Country (United States, Canada)
South America (Brazil, Argentina, Chile, Rest of South America)
Asia-Pacific (China, Japan, India, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Others)
Europe (Germany, United Kingdom, France, Italy, Spain, Switzerland, Netherlands, Sweden, Baltic, rest of Europe)
Rest of World [The United Arab Emirates, Saudi Arabia (KSA), South Africa, Turkey, Israel, Others]
Overall, the Business Travel Market report is a reliable source for managers, analysts, and executives from the industry to better analyze market scenarios from a third-party research perspective. Market Intellix aims to bridge the gap between businesses and end customers to better elaborate manufacturers with benefits, limits, trends, and market growth rates. SWOT analysis is also incorporated in the Business Travel market report in line with speculation attainability investigation and venture return investigation.
Table of Content
1 Business Travel Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Business Travel
1.3 Scope of The Study
1.3.1 Key Market Segments
1.3.2 Players Covered
1.3.3 COVID-19's impact on the Business Travel industry
1.4 Methodology of The Study
1.5 Research Data Source
2 Executive Summary
2.1 Market Overview
2.1.1 Global Business Travel Market Size, 2015 – 2020
2.1.2 Global Business Travel Market Size by Type, 2015 – 2020
2.1.3 Global Business Travel Market Size by Application, 2015 – 2020
2.1.4 Global Business Travel Market Size by Region, 2015 - 2025
2.2 Business Environment Analysis
2.2.1 Global COVID-19 Status and Economic Overview
2.2.2 Influence of COVID-19 Outbreak on Business Travel Industry Development
3 Industry Chain Analysis
3.1 Upstream Raw Material Suppliers of Business Travel Analysis
3.2 Major Players of Business Travel
3.3 Business Travel Manufacturing Cost Structure Analysis
3.3.1 Production Process Analysis
3.3.2 Manufacturing Cost Structure of Business Travel
3.3.3 Labor Cost of Business Travel
3.4 Market Distributors of Business Travel
3.5 Major Downstream Buyers of Business Travel Analysis
3.6 The Impact of Covid-19 From the Perspective of Industry Chain
3.7 Regional Import and Export Controls Will Exist for a Long Time
3.8 Continued downward PMI Spreads Globally
4 Global Business Travel Market, by Type
4.1 Global Business Travel Value and Market Share by Type (2015-2020)
4.2 Global Business Travel Production and Market Share by Type (2015-2020)
4.3 Global Business Travel Value and Growth Rate by Type (2015-2020)
4.3.1 Global Business Travel Value and Growth Rate of Transportation
4.3.2 Global Business Travel Value and Growth Rate of Food & Lodging
4.3.3 Global Business Travel Value and Growth Rate of Recreation Activity
4.4 Global Business Travel Price Analysis by Type (2015-2020)
5 Business Travel Market, by Application
5.1 Downstream Market Overview
5.2 Global Business Travel Consumption and Market Share by Application (2015-2020)
5.3 Global Business Travel Consumption and Growth Rate by Application (2015-2020)
5.3.1 Global Business Travel Consumption and Growth Rate of Government (2015-2020)
5.3.2 Global Business Travel Consumption and Growth Rate of Corporate (2015-2020)
6 Global Business Travel Market Analysis by Regions
6.1 Global Business Travel Sales, Revenue and Market Share by Regions
6.1.1 Global Business Travel Sales by Regions (2015-2020)
6.1.2 Global Business Travel Revenue by Regions (2015-2020)
6.2 North America Business Travel Sales and Growth Rate (2015-2020)
6.3 Europe Business Travel Sales and Growth Rate (2015-2020)
6.4 Asia-Pacific Business Travel Sales and Growth Rate (2015-2020)
6.5 Middle East and Africa Business Travel Sales and Growth Rate (2015-2020)
6.6 South America Business Travel Sales and Growth Rate (2015-2020)
7 North America Business Travel Market Analysis by Countries
7.1 The Influence of COVID-19 on North America Market
7.2 North America Business Travel Sales, Revenue and Market Share by Countries
7.2.1 North America Business Travel Sales by Countries (2015-2020)
7.2.2 North America Business Travel Revenue by Countries (2015-2020)
7.3 United States Business Travel Sales and Growth Rate (2015-2020)
7.4 Canada Business Travel Sales and Growth Rate (2015-2020)
7.5 Mexico Business Travel Sales and Growth Rate (2015-2020)
8 Europe Business Travel Market Analysis by Countries
8.1 The Influence of COVID-19 on Europe Market
8.2 Europe Business Travel Sales, Revenue and Market Share by Countries
8.2.1 Europe Business Travel Sales by Countries (2015-2020)
8.2.2 Europe Business Travel Revenue by Countries (2015-2020)
8.3 Germany Business Travel Sales and Growth Rate (2015-2020)
8.4 UK Business Travel Sales and Growth Rate (2015-2020)
8.5 France Business Travel Sales and Growth Rate (2015-2020)
8.6 Italy Business Travel Sales and Growth Rate (2015-2020)
8.7 Spain Business Travel Sales and Growth Rate (2015-2020)
8.8 Russia Business Travel Sales and Growth Rate (2015-2020)
9 Asia Pacific Business Travel Market Analysis by Countries
9.1 The Influence of COVID-19 on Asia Pacific Market
9.2 Asia Pacific Business Travel Sales, Revenue and Market Share by Countries
9.2.1 Asia Pacific Business Travel Sales by Countries (2015-2020)
9.2.2 Asia Pacific Business Travel Revenue by Countries (2015-2020)
9.3 China Business Travel Sales and Growth Rate (2015-2020)
9.4 Japan Business Travel Sales and Growth Rate (2015-2020)
9.5 South Korea Business Travel Sales and Growth Rate (2015-2020)
9.6 India Business Travel Sales and Growth Rate (2015-2020)
9.7 Southeast Asia Business Travel Sales and Growth Rate (2015-2020)
9.8 Australia Business Travel Sales and Growth Rate (2015-2020)
10 Middle East and Africa Business Travel Market Analysis by Countries
10.1 The Influence of COVID-19 on Middle East and Africa Market
10.2 Middle East and Africa Business Travel Sales, Revenue and Market Share by Countries
10.2.1 Middle East and Africa Business Travel Sales by Countries (2015-2020)
10.2.2 Middle East and Africa Business Travel Revenue by Countries (2015-2020)
10.3 Saudi Arabia Business Travel Sales and Growth Rate (2015-2020)
10.4 UAE Business Travel Sales and Growth Rate (2015-2020)
10.5 Egypt Business Travel Sales and Growth Rate (2015-2020)
10.6 Nigeria Business Travel Sales and Growth Rate (2015-2020)
10.7 South Africa Business Travel Sales and Growth Rate (2015-2020)
11 South America Business Travel Market Analysis by Countries
11.1 The Influence of COVID-19 on Middle East and Africa Market
11.2 South America Business Travel Sales, Revenue and Market Share by Countries
11.2.1 South America Business Travel Sales by Countries (2015-2020)
11.2.2 South America Business Travel Revenue by Countries (2015-2020)
11.3 Brazil Business Travel Sales and Growth Rate (2015-2020)
11.4 Argentina Business Travel Sales and Growth Rate (2015-2020)
11.5 Columbia Business Travel Sales and Growth Rate (2015-2020)
11.6 Chile Business Travel Sales and Growth Rate (2015-2020)
12 Competitive Landscape
12.1 Expedia Inc.
12.1.1 Expedia Inc. Basic Information
12.1.2 Business Travel Product Introduction
12.1.3 Expedia Inc. Production, Value, Price, Gross Margin 2015-2020
12.2 The Priceline Group
12.2.1 The Priceline Group Basic Information
12.2.2 Business Travel Product Introduction
12.2.3 The Priceline Group Production, Value, Price, Gross Margin 2015-2020
12.3 American Express Travel
12.3.1 American Express Travel Basic Information
12.3.2 Business Travel Product Introduction
12.3.3 American Express Travel Production, Value, Price, Gross Margin 2015-2020
12.4 Flight Centre Travel Group
12.4.1 Flight Centre Travel Group Basic Information
12.4.2 Business Travel Product Introduction
12.4.3 Flight Centre Travel Group Production, Value, Price, Gross Margin 2015-2020
12.5 Carlson Wagonlit Travel
12.5.1 Carlson Wagonlit Travel Basic Information
12.5.2 Business Travel Product Introduction
12.5.3 Carlson Wagonlit Travel Production, Value, Price, Gross Margin 2015-2020
12.6 BCD Travel
12.6.1 BCD Travel Basic Information
12.6.2 Business Travel Product Introduction
12.6.3 BCD Travel Production, Value, Price, Gross Margin 2015-2020
12.7 Hogg Robinson Group
12.7.1 Hogg Robinson Group Basic Information
12.7.2 Business Travel Product Introduction
12.7.3 Hogg Robinson Group Production, Value, Price, Gross Margin 2015-2020
12.8 Fareportal, Inc. (travelong inc.)
12.8.1 Fareportal, Inc. (travelong inc.) Basic Information
12.8.2 Business Travel Product Introduction
12.8.3 Fareportal, Inc. (travelong inc.) Production, Value, Price, Gross Margin 2015-2020
12.9 Airbnb Inc.
12.9.1 Airbnb Inc. Basic Information
12.9.2 Business Travel Product Introduction
12.9.3 Airbnb Inc. Production, Value, Price, Gross Margin 2015-2020
12.10 Wexas Travel
12.10.1 Wexas Travel Basic Information
12.10.2 Business Travel Product Introduction
12.10.3 Wexas Travel Production, Value, Price, Gross Margin 2015-2020
12.11 Travel Leaders Group
12.11.1 Travel Leaders Group Basic Information
12.11.2 Business Travel Product Introduction
12.11.3 Travel Leaders Group Production, Value, Price, Gross Margin 2015-2020
13 Industry Outlook
13.1 Market Driver Analysis
13.1.2 Market Restraints Analysis
13.1.3 Market Trends Analysis
13.2 Merger, Acquisition and New Investment
13.3 News of Product Release
14 Global Business Travel Market Forecast
14.1 Global Business Travel Market Value & Volume Forecast, by Type (2020-2025)
14.1.1 Transportation Market Value and Volume Forecast (2020-2025)
14.1.2 Food & Lodging Market Value and Volume Forecast (2020-2025)
14.1.3 Recreation Activity Market Value and Volume Forecast (2020-2025)
14.2 Global Business Travel Market Value & Volume Forecast, by Application (2020-2025)
14.2.1 Government Market Value and Volume Forecast (2020-2025)
14.2.2 Corporate Market Value and Volume Forecast (2020-2025)
14.3 Business Travel Market Analysis and Forecast by Region
14.3.1 North America Market Value and Consumption Forecast (2020-2025)
14.3.2 Europe Market Value and Consumption Forecast (2020-2025)
14.3.3 Asia Pacific Market Value and Consumption Forecast (2020-2025)
14.3.4 Middle East and Africa Market Value and Consumption Forecast (2020-2025)
14.3.5 South America Market Value and Consumption Forecast (2020-2025)
15 New Project Feasibility Analysis
15.1 Industry Barriers and New Entrants SWOT Analysis
15.1.1 Porter’s Five Forces Analysis
15.1.2 New Entrants SWOT Analysis
15.2 Analysis and Suggestions on New Project Investment
List of Tables and Figures
Figure Product Picture of Business Travel
Table Product Specification of Business Travel
Table Business Travel Key Market Segments
Table Key Players Business Travel Covered
Figure Global Business Travel Market Size, 2015 – 2025
Table Different Types of Business Travel
Figure Global Business Travel Value ($) Segment by Type from 2015-2020
Figure Global Business Travel Market Share by Types in 2019
Table Different Applications of Business Travel
Figure Global Business Travel Value ($) Segment by Applications from 2015-2020
Figure Global Business Travel Market Share by Applications in 2019
Figure Global Business Travel Market Share by Regions in 2019
Figure North America Business Travel Production Value ($) and Growth Rate (2015-2020)
Figure Europe Business Travel Production Value ($) and Growth Rate (2015-2020)
Figure Asia Pacific Business Travel Production Value ($) and Growth Rate (2015-2020)
Figure Middle East and Africa Business Travel Production Value ($) and Growth Rate (2015-2020)
Figure South America Business Travel Production Value ($) and Growth Rate (2015-2020)
Table Global COVID-19 Status and Economic Overview
Figure Global COVID-19 Status
Figure COVID-19 Comparison of Major Countries
Figure Industry Chain Analysis of Business Travel
Table Upstream Raw Material Suppliers of Business Travel with Contact Information
Table Major Players Headquarters, and Service Area of Business Travel
Figure Major Players Production Value Market Share of Business Travel in 2019
Table Major Players Business Travel Product Types in 2019
Figure Production Process of Business Travel
Figure Manufacturing Cost Structure of Business Travel
Figure Channel Status of Business Travel
Table Major Distributors of Business Travel with Contact Information
Table Major Downstream Buyers of Business Travel with Contact Information
Table Global Business Travel Value ($) by Type (2015-2020)
Table Global Business Travel Value Share by Type (2015-2020)
Figure Global Business Travel Value Share by Type (2015-2020)
Table Global Business Travel Production by Type (2015-2020)
Table Global Business Travel Production Share by Type (2015-2020)
Figure Global Business Travel Production Share by Type (2015-2020)
Figure Global Business Travel Value ($) and Growth Rate of Transportation (2015-2020)
Figure Global Business Travel Value ($) and Growth Rate of Food & Lodging (2015-2020)
Figure Global Business Travel Value ($) and Growth Rate of Recreation Activity (2015-2020)
Figure Global Business Travel Price by Type (2015-2020)
Figure Downstream Market Overview
Table Global Business Travel Consumption by Application (2015-2020)
Table Global Business Travel Consumption Market Share by Application (2015-2020)
Figure Global Business Travel Consumption Market Share by Application (2015-2020)
Figure Global Business Travel Consumption and Growth Rate of Government (2015-2020)
Figure Global Business Travel Consumption and Growth Rate of Corporate (2015-2020)
Figure Global Business Travel Sales and Growth Rate (2015-2020)
Figure Global Business Travel Revenue (M USD) and Growth (2015-2020)
Table Global Business Travel Sales by Regions (2015-2020)
Table Global Business Travel Sales Market Share by Regions (2015-2020)
Table Global Business Travel Revenue (M USD) by Regions (2015-2020)
Table Global Business Travel Revenue Market Share by Regions (2015-2020)
Table Global Business Travel Revenue Market Share by Regions in 2015
Table Global Business Travel Revenue Market Share by Regions in 2019
Figure North America Business Travel Sales and Growth Rate (2015-2020)
Figure Europe Business Travel Sales and Growth Rate (2015-2020)
Figure Asia-Pacific Business Travel Sales and Growth Rate (2015-2020)
Figure Middle East and Africa Business Travel Sales and Growth Rate (2015-2020)
Figure South America Business Travel Sales and Growth Rate (2015-2020)
Figure North America COVID-19 Status
Figure North America COVID-19 Confirmed Cases Major Distribution
Figure North America Business Travel Revenue (M USD) and Growth (2015-2020)
Table North America Business Travel Sales by Countries (2015-2020)
Table North America Business Travel Sales Market Share by Countries (2015-2020)
Table North America Business Travel Revenue (M USD) by Countries (2015-2020)
Table North America Business Travel Revenue Market Share by Countries (2015-2020)
Figure United States Business Travel Sales and Growth Rate (2015-2020)
Figure Canada Business Travel Sales and Growth Rate (2015-2020)
Figure Mexico Business Travel Sales and Growth (2015-2020)
Figure Europe COVID-19 Status
Figure Europe COVID-19 Confirmed Cases Major Distribution
Figure Europe Business Travel Revenue (M USD) and Growth (2015-2020)
Table Europe Business Travel Sales by Countries (2015-2020)
Table Europe Business Travel Sales Market Share by Countries (2015-2020)
Table Europe Business Travel Revenue (M USD) by Countries (2015-2020)
Table Europe Business Travel Revenue Market Share by Countries (2015-2020)
Figure Germany Business Travel Sales and Growth Rate (2015-2020)
Figure UK Business Travel Sales and Growth Rate (2015-2020)
Figure France Business Travel Sales and Growth (2015-2020)
Figure Italy Business Travel Sales and Growth (2015-2020)
Figure Spain Business Travel Sales and Growth (2015-2020)
Figure Russia Business Travel Sales and Growth (2015-2020)
Figure Asia Pacific COVID-19 Status
Figure Asia Pacific Business Travel Revenue (M USD) and Growth (2015-2020)
Table Asia Pacific Business Travel Sales by Countries (2015-2020)
Table Asia Pacific Business Travel Sales Market Share by Countries (2015-2020)
Table Asia Pacific Business Travel Revenue (M USD) by Countries (2015-2020)
Table Asia Pacific Business Travel Revenue Market Share by Countries (2015-2020)
Figure China Business Travel Sales and Growth Rate (2015-2020)
Figure Japan Business Travel Sales and Growth Rate (2015-2020)
Figure South Korea Business Travel Sales and Growth (2015-2020)
Figure India Business Travel Sales and Growth (2015-2020)
Figure Southeast Asia Business Travel Sales and Growth (2015-2020)
Figure Australia Business Travel Sales and Growth (2015-2020)
Figure Middle East Business Travel Revenue (M USD) and Growth (2015-2020)
Table Middle East Business Travel Sales by Countries (2015-2020)
Table Middle East and Africa Business Travel Sales Market Share by Countries (2015-2020)
Table Middle East and Africa Business Travel Revenue (M USD) by Countries (2015-2020)
Table Middle East and Africa Business Travel Revenue Market Share by Countries (2015-2020)
Figure Saudi Arabia Business Travel Sales and Growth Rate (2015-2020)
Figure UAE Business Travel Sales and Growth Rate (2015-2020)
Figure Egypt Business Travel Sales and Growth (2015-2020)
Figure Nigeria Business Travel Sales and Growth (2015-2020)
Figure South Africa Business Travel Sales and Growth (2015-2020)
Figure South America Business Travel Revenue (M USD) and Growth (2015-2020)
Table South America Business Travel Sales by Countries (2015-2020)
Table South America Business Travel Sales Market Share by Countries (2015-2020)
Table South America Business Travel Revenue (M USD) by Countries (2015-2020)
Table South America Business Travel Revenue Market Share by Countries (2015-2020)
Figure Brazil Business Travel Sales and Growth Rate (2015-2020)
Figure Argentina Business Travel Sales and Growth Rate (2015-2020)
Figure Columbia Business Travel Sales and Growth (2015-2020)
Figure Chile Business Travel Sales and Growth (2015-2020)
Figure Top 3 Market Share of Business Travel Companies in 2019
Figure Top 6 Market Share of Business Travel Companies in 2019
Table Major Players Production Value ($) Share (2015-2020)
Table Expedia Inc. Profile
Table Expedia Inc. Product Introduction
Figure Expedia Inc. Production and Growth Rate
Figure Expedia Inc. Value ($) Market Share 2015-2020
Table The Priceline Group Profile
Table The Priceline Group Product Introduction
Figure The Priceline Group Production and Growth Rate
Figure The Priceline Group Value ($) Market Share 2015-2020
Table American Express Travel Profile
Table American Express Travel Product Introduction
Figure American Express Travel Production and Growth Rate
Figure American Express Travel Value ($) Market Share 2015-2020
Table Flight Centre Travel Group Profile
Table Flight Centre Travel Group Product Introduction
Figure Flight Centre Travel Group Production and Growth Rate
Figure Flight Centre Travel Group Value ($) Market Share 2015-2020
Table Carlson Wagonlit Travel Profile
Table Carlson Wagonlit Travel Product Introduction
Figure Carlson Wagonlit Travel Production and Growth Rate
Figure Carlson Wagonlit Travel Value ($) Market Share 2015-2020
Table BCD Travel Profile
Table BCD Travel Product Introduction
Figure BCD Travel Production and Growth Rate
Figure BCD Travel Value ($) Market Share 2015-2020
Table Hogg Robinson Group Profile
Table Hogg Robinson Group Product Introduction
Figure Hogg Robinson Group Production and Growth Rate
Figure Hogg Robinson Group Value ($) Market Share 2015-2020
Table Fareportal, Inc. (travelong inc.) Profile
Table Fareportal, Inc. (travelong inc.) Product Introduction
Figure Fareportal, Inc. (travelong inc.) Production and Growth Rate
Figure Fareportal, Inc. (travelong inc.) Value ($) Market Share 2015-2020
Table Airbnb Inc. Profile
Table Airbnb Inc. Product Introduction
Figure Airbnb Inc. Production and Growth Rate
Figure Airbnb Inc. Value ($) Market Share 2015-2020
Table Wexas Travel Profile
Table Wexas Travel Product Introduction
Figure Wexas Travel Production and Growth Rate
Figure Wexas Travel Value ($) Market Share 2015-2020
Table Travel Leaders Group Profile
Table Travel Leaders Group Product Introduction
Figure Travel Leaders Group Production and Growth Rate
Figure Travel Leaders Group Value ($) Market Share 2015-2020
Table Market Driving Factors of Business Travel
Table Merger, Acquisition and New Investment
Table Global Business Travel Market Value ($) Forecast, by Type
Table Global Business Travel Market Volume Forecast, by Type
Figure Global Business Travel Market Value ($) and Growth Rate Forecast of Transportation (2020-2025)
Figure Global Business Travel Market Volume ($) and Growth Rate Forecast of Transportation (2020-2025)
Figure Global Business Travel Market Value ($) and Growth Rate Forecast of Food & Lodging (2020-2025)
Figure Global Business Travel Market Volume ($) and Growth Rate Forecast of Food & Lodging (2020-2025)
Figure Global Business Travel Market Value ($) and Growth Rate Forecast of Recreation Activity (2020-2025)
Figure Global Business Travel Market Volume ($) and Growth Rate Forecast of Recreation Activity (2020-2025)
Table Global Market Value ($) Forecast by Application (2020-2025)
Table Global Market Volume Forecast by Application (2020-2025)
Figure Market Value ($) and Growth Rate Forecast of Government (2020-2025)
Figure Market Volume and Growth Rate Forecast of Government (2020-2025)
Figure Market Value ($) and Growth Rate Forecast of Corporate (2020-2025)
Figure Market Volume and Growth Rate Forecast of Corporate (2020-2025)
Figure North America Market Value ($) and Growth Rate Forecast (2020-2025)
Figure North America Consumption and Growth Rate Forecast (2020-2025)
Figure Europe Market Value ($) and Growth Rate Forecast (2020-2025)
Figure Europe Consumption and Growth Rate Forecast (2020-2025)
Figure Asia Pacific Market Value ($) and Growth Rate Forecast (2020-2025)
Figure Asia Pacific Consumption and Growth Rate Forecast (2020-2025)
Figure Middle East and Africa Market Value ($) and Growth Rate Forecast (2020-2025)
Figure Middle East and Africa Consumption and Growth Rate Forecast (2020-2025)
Figure South America Market Value ($) and Growth Rate Forecast (2020-2025)
Figure South America Consumption and Growth Rate Forecast (2020-2025)
Figure Porter’s Five Forces Analysis
Table New Entrants SWOT Analysis
Table New Project Analysis of Investment Recovery
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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