Key Insights
The global wind turbine shaft market is experiencing robust growth, driven by the increasing demand for renewable energy sources and supportive government policies promoting wind power adoption worldwide. A compound annual growth rate (CAGR) exceeding 3% indicates a steady expansion, projected to continue through 2033. The market's segmentation by location of deployment (onshore and offshore) reflects distinct market dynamics. Onshore deployments currently dominate, benefiting from established infrastructure and lower installation costs. However, offshore wind power is rapidly gaining traction, presenting significant growth opportunities due to higher wind speeds and reduced land constraints. This segment is expected to witness faster growth in the forecast period, driven by technological advancements leading to increased efficiency and reduced costs of offshore wind turbine construction and maintenance. Key players like Broadwind Energy, Luoyang Yujie, Sany Group, and Siemens Gamesa are strategically positioned to capitalize on this expansion, investing in research and development to improve shaft durability, efficiency, and cost-effectiveness. Geographic distribution shows strong regional variations, with North America and Europe currently holding significant market share. However, rapid growth in Asia-Pacific, particularly in China and India, is anticipated, fueled by substantial investments in wind energy infrastructure and increasing energy demands. The market faces challenges, including the volatility of raw material prices and the need for continuous innovation to enhance the lifespan and reliability of wind turbine shafts in demanding environments.
Wind Turbine Shaft Market Market Size (In Billion)
The market's future growth trajectory will be influenced by several factors. Continued advancements in materials science and manufacturing techniques will lead to lighter, stronger, and more cost-effective shafts, enhancing the overall efficiency and competitiveness of wind turbines. Government regulations and incentives designed to support the transition to renewable energy will play a crucial role in market expansion. Furthermore, increased investments in offshore wind energy projects are anticipated to drive significant demand for specialized offshore wind turbine shafts. Competition among manufacturers will intensify, pushing for innovation and optimized production processes. Therefore, a strategic focus on technological innovation, coupled with effective supply chain management and strategic partnerships, will be crucial for market success in the coming years.
Wind Turbine Shaft Market Company Market Share
Wind Turbine Shaft Market: A Comprehensive Report (2019-2033)
This comprehensive report provides a detailed analysis of the Wind Turbine Shaft Market, encompassing market dynamics, growth trends, regional analysis, product landscape, key players, and future outlook. The report covers the period 2019-2033, with 2025 as the base and estimated year. The study segments the market by location of deployment (onshore and offshore), providing insights into a rapidly evolving renewable energy sector. The total market size in 2025 is estimated at xx Million units.
Wind Turbine Shaft Market Market Dynamics & Structure
The wind turbine shaft market is characterized by moderate concentration, with key players holding significant market share. Technological innovation, particularly in materials science and manufacturing processes, is a major driver. Stringent regulatory frameworks promoting renewable energy adoption further fuel market growth, while the increasing demand for larger and more efficient wind turbines creates a strong need for advanced shaft technologies. While some substitute technologies exist, the overall performance and reliability of traditional wind turbine shafts maintain their dominant position. Mergers and acquisitions (M&A) activity is expected to increase, driven by the need for consolidation and technological synergy. The offshore wind turbine segment exhibits higher growth potential due to the larger capacity and longer lifespan required for these turbines, demanding more advanced shaft technologies.
- Market Concentration: Moderately concentrated, with top 5 players holding approximately xx% market share in 2025.
- Technological Innovation: Focus on lighter, stronger materials (e.g., advanced composites) and improved manufacturing techniques (e.g., 3D printing).
- Regulatory Framework: Government incentives and renewable energy mandates drive demand.
- Competitive Substitutes: Limited viable substitutes; focus remains on improving existing shaft technologies.
- M&A Activity: xx deals recorded between 2019 and 2024, projecting an increase to xx deals by 2033.
- Innovation Barriers: High R&D costs and lengthy certification processes hinder rapid innovation.
Wind Turbine Shaft Market Growth Trends & Insights
The wind turbine shaft market is experiencing robust growth, driven by the expanding global renewable energy sector. The market size has increased from xx Million units in 2019 to an estimated xx Million units in 2025, exhibiting a CAGR of xx% during the historical period. This growth trajectory is projected to continue throughout the forecast period (2025-2033), with a projected CAGR of xx%. Technological advancements, such as the adoption of lightweight materials and improved manufacturing processes, are significantly impacting adoption rates. Furthermore, shifting consumer preferences towards sustainable energy sources and government policies supporting renewable energy installations further fuel market expansion. The increasing demand for larger wind turbines, especially in the offshore sector, is driving demand for high-performance shafts capable of withstanding extreme conditions.
Dominant Regions, Countries, or Segments in Wind Turbine Shaft Market
The onshore wind turbine segment currently dominates the market, accounting for approximately xx% of the total market share in 2025. However, the offshore wind turbine segment is projected to witness the highest growth rate over the forecast period, driven by substantial investments in offshore wind farm projects globally. Europe and North America are currently the leading regions, but Asia-Pacific is expected to witness significant growth due to increasing government support and substantial investments in renewable energy infrastructure. China, the US, and Germany are key drivers within their respective regions.
- Onshore Segment Drivers: High deployment rates in established wind energy markets.
- Offshore Segment Drivers: Government subsidies for offshore wind farm development and increasing grid connection capacity.
- Europe: Strong policy support, established wind energy infrastructure, and high technology adoption rate.
- North America: Growing focus on offshore wind power and robust onshore wind energy market.
- Asia-Pacific: Rapid increase in wind energy capacity and supportive government policies.
Wind Turbine Shaft Market Product Landscape
Wind turbine shafts are characterized by their robust design, high load-bearing capacity, and ability to withstand extreme environmental conditions. Recent innovations have focused on lightweight materials to reduce the overall weight and improve efficiency, and advancements in manufacturing processes have resulted in improved precision and durability. Key selling points include enhanced fatigue life, improved corrosion resistance, and optimized designs for specific turbine models.
Key Drivers, Barriers & Challenges in Wind Turbine Shaft Market
Key Drivers:
- Increasing demand for renewable energy globally.
- Technological advancements in wind turbine design and manufacturing.
- Government policies and subsidies promoting renewable energy adoption.
- Decreasing costs of wind energy generation.
Key Challenges:
- Supply chain disruptions impacting material availability and production costs.
- Stringent quality and safety standards, increasing certification complexities.
- Intense competition among shaft manufacturers, affecting profit margins.
- Fluctuations in raw material prices, affecting manufacturing costs.
Emerging Opportunities in Wind Turbine Shaft Market
- Growing demand for larger capacity wind turbines in offshore applications.
- Increased adoption of advanced materials like carbon fiber composites.
- Development of innovative manufacturing techniques such as additive manufacturing.
- Expansion into emerging markets with high renewable energy potential.
Growth Accelerators in the Wind Turbine Shaft Market Industry
Technological advancements, strategic collaborations between shaft manufacturers and turbine OEMs, and expansion into new geographical markets are expected to significantly propel the market growth. These factors, coupled with favorable government policies and increasing investments in the renewable energy sector, create a robust foundation for sustained growth in the wind turbine shaft market.
Key Players Shaping the Wind Turbine Shaft Market Market
- Broadwind Energy Inc
- Luoyang Yujie Industry & Trade Co Ltd
- Sany Group
- Altra Industrial Motion Corp
- Liebherr Group
- Western Machine Works Inc
- Siemens Gamesa Renewable Energy
- Jiangyin Zenkung Forging Co
- Wuxi Solar Wind Energy Technology Co Ltd
- Schaeffler Technologies AG & Co KG
Notable Milestones in Wind Turbine Shaft Market Sector
- 2021: Introduction of a new composite material shaft by [Company Name], increasing fatigue life by xx%.
- 2022: Merger between [Company Name] and [Company Name], expanding market reach and product portfolio.
- 2023: Launch of a new manufacturing facility for wind turbine shafts in [Location] by [Company Name], increasing production capacity.
In-Depth Wind Turbine Shaft Market Market Outlook
The wind turbine shaft market is poised for sustained growth, driven by the expanding renewable energy sector and advancements in shaft technology. Strategic investments in R&D, coupled with ongoing efforts to enhance efficiency and reliability, will further strengthen the market's future prospects. The increasing demand for larger capacity wind turbines, especially in offshore applications, presents significant opportunities for growth and innovation within the market. The focus on sustainability and the global push for carbon neutrality will solidify the market’s long-term trajectory.
Wind Turbine Shaft Market Segmentation
-
1. Location of Deployment
- 1.1. Onshore
- 1.2. Offshore
Wind Turbine Shaft Market Segmentation By Geography
- 1. North America
- 2. Asia Pacific
- 3. Europe
- 4. South America
- 5. Middle East and Africa
Wind Turbine Shaft Market Regional Market Share
Geographic Coverage of Wind Turbine Shaft Market
Wind Turbine Shaft Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of > 3.00% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. 4.; Increasing Automotive Sales in Saudi Arabia4.; Rising Demand from Heavy Automotives
- 3.3. Market Restrains
- 3.3.1. 4.; Rising Emphasis on Electric Vehicles
- 3.4. Market Trends
- 3.4.1. Onshore Wind Turbine Shaft to Dominate the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Wind Turbine Shaft Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Location of Deployment
- 5.1.1. Onshore
- 5.1.2. Offshore
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. North America
- 5.2.2. Asia Pacific
- 5.2.3. Europe
- 5.2.4. South America
- 5.2.5. Middle East and Africa
- 5.1. Market Analysis, Insights and Forecast - by Location of Deployment
- 6. North America Wind Turbine Shaft Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Location of Deployment
- 6.1.1. Onshore
- 6.1.2. Offshore
- 6.1. Market Analysis, Insights and Forecast - by Location of Deployment
- 7. Asia Pacific Wind Turbine Shaft Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Location of Deployment
- 7.1.1. Onshore
- 7.1.2. Offshore
- 7.1. Market Analysis, Insights and Forecast - by Location of Deployment
- 8. Europe Wind Turbine Shaft Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Location of Deployment
- 8.1.1. Onshore
- 8.1.2. Offshore
- 8.1. Market Analysis, Insights and Forecast - by Location of Deployment
- 9. South America Wind Turbine Shaft Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Location of Deployment
- 9.1.1. Onshore
- 9.1.2. Offshore
- 9.1. Market Analysis, Insights and Forecast - by Location of Deployment
- 10. Middle East and Africa Wind Turbine Shaft Market Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Location of Deployment
- 10.1.1. Onshore
- 10.1.2. Offshore
- 10.1. Market Analysis, Insights and Forecast - by Location of Deployment
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 Broadwind Energy Inc
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Luoyang Yujie Industry & Trade Co Ltd
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Sany Group
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Altra Industrial Motion Corp
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Liebherr Group
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Western Machine Works Inc
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Siemens Gamesa Renewable Energy
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Jiangyin Zenkung Forging Co
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Wuxi Solar Wind Energy Technology Co Ltd
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Schaeffler Technologies AG & Co KG
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 Broadwind Energy Inc
List of Figures
- Figure 1: Global Wind Turbine Shaft Market Revenue Breakdown (Million, %) by Region 2025 & 2033
- Figure 2: Global Wind Turbine Shaft Market Volume Breakdown (K Unit, %) by Region 2025 & 2033
- Figure 3: North America Wind Turbine Shaft Market Revenue (Million), by Location of Deployment 2025 & 2033
- Figure 4: North America Wind Turbine Shaft Market Volume (K Unit), by Location of Deployment 2025 & 2033
- Figure 5: North America Wind Turbine Shaft Market Revenue Share (%), by Location of Deployment 2025 & 2033
- Figure 6: North America Wind Turbine Shaft Market Volume Share (%), by Location of Deployment 2025 & 2033
- Figure 7: North America Wind Turbine Shaft Market Revenue (Million), by Country 2025 & 2033
- Figure 8: North America Wind Turbine Shaft Market Volume (K Unit), by Country 2025 & 2033
- Figure 9: North America Wind Turbine Shaft Market Revenue Share (%), by Country 2025 & 2033
- Figure 10: North America Wind Turbine Shaft Market Volume Share (%), by Country 2025 & 2033
- Figure 11: Asia Pacific Wind Turbine Shaft Market Revenue (Million), by Location of Deployment 2025 & 2033
- Figure 12: Asia Pacific Wind Turbine Shaft Market Volume (K Unit), by Location of Deployment 2025 & 2033
- Figure 13: Asia Pacific Wind Turbine Shaft Market Revenue Share (%), by Location of Deployment 2025 & 2033
- Figure 14: Asia Pacific Wind Turbine Shaft Market Volume Share (%), by Location of Deployment 2025 & 2033
- Figure 15: Asia Pacific Wind Turbine Shaft Market Revenue (Million), by Country 2025 & 2033
- Figure 16: Asia Pacific Wind Turbine Shaft Market Volume (K Unit), by Country 2025 & 2033
- Figure 17: Asia Pacific Wind Turbine Shaft Market Revenue Share (%), by Country 2025 & 2033
- Figure 18: Asia Pacific Wind Turbine Shaft Market Volume Share (%), by Country 2025 & 2033
- Figure 19: Europe Wind Turbine Shaft Market Revenue (Million), by Location of Deployment 2025 & 2033
- Figure 20: Europe Wind Turbine Shaft Market Volume (K Unit), by Location of Deployment 2025 & 2033
- Figure 21: Europe Wind Turbine Shaft Market Revenue Share (%), by Location of Deployment 2025 & 2033
- Figure 22: Europe Wind Turbine Shaft Market Volume Share (%), by Location of Deployment 2025 & 2033
- Figure 23: Europe Wind Turbine Shaft Market Revenue (Million), by Country 2025 & 2033
- Figure 24: Europe Wind Turbine Shaft Market Volume (K Unit), by Country 2025 & 2033
- Figure 25: Europe Wind Turbine Shaft Market Revenue Share (%), by Country 2025 & 2033
- Figure 26: Europe Wind Turbine Shaft Market Volume Share (%), by Country 2025 & 2033
- Figure 27: South America Wind Turbine Shaft Market Revenue (Million), by Location of Deployment 2025 & 2033
- Figure 28: South America Wind Turbine Shaft Market Volume (K Unit), by Location of Deployment 2025 & 2033
- Figure 29: South America Wind Turbine Shaft Market Revenue Share (%), by Location of Deployment 2025 & 2033
- Figure 30: South America Wind Turbine Shaft Market Volume Share (%), by Location of Deployment 2025 & 2033
- Figure 31: South America Wind Turbine Shaft Market Revenue (Million), by Country 2025 & 2033
- Figure 32: South America Wind Turbine Shaft Market Volume (K Unit), by Country 2025 & 2033
- Figure 33: South America Wind Turbine Shaft Market Revenue Share (%), by Country 2025 & 2033
- Figure 34: South America Wind Turbine Shaft Market Volume Share (%), by Country 2025 & 2033
- Figure 35: Middle East and Africa Wind Turbine Shaft Market Revenue (Million), by Location of Deployment 2025 & 2033
- Figure 36: Middle East and Africa Wind Turbine Shaft Market Volume (K Unit), by Location of Deployment 2025 & 2033
- Figure 37: Middle East and Africa Wind Turbine Shaft Market Revenue Share (%), by Location of Deployment 2025 & 2033
- Figure 38: Middle East and Africa Wind Turbine Shaft Market Volume Share (%), by Location of Deployment 2025 & 2033
- Figure 39: Middle East and Africa Wind Turbine Shaft Market Revenue (Million), by Country 2025 & 2033
- Figure 40: Middle East and Africa Wind Turbine Shaft Market Volume (K Unit), by Country 2025 & 2033
- Figure 41: Middle East and Africa Wind Turbine Shaft Market Revenue Share (%), by Country 2025 & 2033
- Figure 42: Middle East and Africa Wind Turbine Shaft Market Volume Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Wind Turbine Shaft Market Revenue Million Forecast, by Location of Deployment 2020 & 2033
- Table 2: Global Wind Turbine Shaft Market Volume K Unit Forecast, by Location of Deployment 2020 & 2033
- Table 3: Global Wind Turbine Shaft Market Revenue Million Forecast, by Region 2020 & 2033
- Table 4: Global Wind Turbine Shaft Market Volume K Unit Forecast, by Region 2020 & 2033
- Table 5: Global Wind Turbine Shaft Market Revenue Million Forecast, by Location of Deployment 2020 & 2033
- Table 6: Global Wind Turbine Shaft Market Volume K Unit Forecast, by Location of Deployment 2020 & 2033
- Table 7: Global Wind Turbine Shaft Market Revenue Million Forecast, by Country 2020 & 2033
- Table 8: Global Wind Turbine Shaft Market Volume K Unit Forecast, by Country 2020 & 2033
- Table 9: Global Wind Turbine Shaft Market Revenue Million Forecast, by Location of Deployment 2020 & 2033
- Table 10: Global Wind Turbine Shaft Market Volume K Unit Forecast, by Location of Deployment 2020 & 2033
- Table 11: Global Wind Turbine Shaft Market Revenue Million Forecast, by Country 2020 & 2033
- Table 12: Global Wind Turbine Shaft Market Volume K Unit Forecast, by Country 2020 & 2033
- Table 13: Global Wind Turbine Shaft Market Revenue Million Forecast, by Location of Deployment 2020 & 2033
- Table 14: Global Wind Turbine Shaft Market Volume K Unit Forecast, by Location of Deployment 2020 & 2033
- Table 15: Global Wind Turbine Shaft Market Revenue Million Forecast, by Country 2020 & 2033
- Table 16: Global Wind Turbine Shaft Market Volume K Unit Forecast, by Country 2020 & 2033
- Table 17: Global Wind Turbine Shaft Market Revenue Million Forecast, by Location of Deployment 2020 & 2033
- Table 18: Global Wind Turbine Shaft Market Volume K Unit Forecast, by Location of Deployment 2020 & 2033
- Table 19: Global Wind Turbine Shaft Market Revenue Million Forecast, by Country 2020 & 2033
- Table 20: Global Wind Turbine Shaft Market Volume K Unit Forecast, by Country 2020 & 2033
- Table 21: Global Wind Turbine Shaft Market Revenue Million Forecast, by Location of Deployment 2020 & 2033
- Table 22: Global Wind Turbine Shaft Market Volume K Unit Forecast, by Location of Deployment 2020 & 2033
- Table 23: Global Wind Turbine Shaft Market Revenue Million Forecast, by Country 2020 & 2033
- Table 24: Global Wind Turbine Shaft Market Volume K Unit Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Wind Turbine Shaft Market?
The projected CAGR is approximately > 3.00%.
2. Which companies are prominent players in the Wind Turbine Shaft Market?
Key companies in the market include Broadwind Energy Inc, Luoyang Yujie Industry & Trade Co Ltd, Sany Group, Altra Industrial Motion Corp, Liebherr Group, Western Machine Works Inc, Siemens Gamesa Renewable Energy, Jiangyin Zenkung Forging Co, Wuxi Solar Wind Energy Technology Co Ltd, Schaeffler Technologies AG & Co KG.
3. What are the main segments of the Wind Turbine Shaft Market?
The market segments include Location of Deployment .
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
4.; Increasing Automotive Sales in Saudi Arabia4.; Rising Demand from Heavy Automotives.
6. What are the notable trends driving market growth?
Onshore Wind Turbine Shaft to Dominate the Market.
7. Are there any restraints impacting market growth?
4.; Rising Emphasis on Electric Vehicles.
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in K Unit.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Wind Turbine Shaft Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Wind Turbine Shaft Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Wind Turbine Shaft Market?
To stay informed about further developments, trends, and reports in the Wind Turbine Shaft Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence