Summary
The global and Chinese economies were hit hard in 2020, and the global GDP grew by XX% in 2021. Although the global growth prospects improved and there was a V-shaped rebound, this does not mean that the economy has really recovered to the level before the epidemic. The vast majority of countries are still in the stage of recovery after heavy damage and are far from achieving real recovery.
2023 is a year of continuous recovery. Global supply chain disturbance, geopolitical tension, energy price fluctuation, local labor shortage and rising raw material prices will affect the resilience of economic recovery. The International Monetary Fund (IMF) predicts that the world economy will grow by XX% in 2023, of which the U.S. economy will grow by about XX%. Driven by China and India, Asia is expected to become the fastest growing region in the world in 2023. However, China's economic growth has slowed down. The 2023 government work report shows that the expected target of economic growth is set at about XX%.
According to research, China has set a growth rate of about XX%, which not only focuses on the speed of economic growth, but also anchors the quality of economic development. Scientific and technological innovation, economic and social digitization and green development will be the long-term goals of China's economic development. It is expected that in 2023, major economies such as the United States, Europe and China will introduce more favorable policies to drive the development of switching power supply industry.
VIC Research released the 《Global Luxury Clothing Market Analysis 2023, With Top Companies, Sales, Revenue, Consumption, Price and Growth Rate》, which aims to sort out the development status and trends of the Luxury Clothing industry at home and abroad, estimate the overall market scale of the Luxury Clothing industry and the market share of major countries, Luxury Clothing industry, and study and judge the downstream market demand of Luxury Clothing through systematic research, Analyze the competition pattern of Luxury Clothing, so as to help solve the pain points of various stakeholders in Luxury Clothing industry. This industry research report combines desktop research, qualitative interviews with insiders or experts and other methods to strive for the objectivity and integrity of conclusions and data.
Regional Segmentation (Value; Revenue, USD Million, 2019- 2028) of Luxury Clothing Market by VIC Research Include
NorthAmerica
Asia
Europe
Middle East & Africa
South America
Competitive Analysis; Who are the Major Players in Luxury Clothing Market?
Kering SA
Hermes International S.A
Versace
Prada
Dolce and Gabbana
Burberry Group Inc
LVMH Moet Hennessy Louis Vuitton S.E
Giorgio Armani S.P.A
Ralph Lauren Corporation
Ermenegildo Zegna
Kiton
Hugo Boss A.G
Major Type of Luxury Clothing Covered in VIC Research report:
Cotton
Leather
Silk
Denim
Others
Application Segments Covered in VIC Research Market
Men
Women
For any other requirements, please feel free to contact us and we will provide you customized report.
Table of Contents
Global Luxury Clothing Market Analysis 2023, With Top Companies, Sales, Revenue, Consumption, Price and Growth Rate
1 Market Scope
1.1 Product Details and Introduction
1.1.1 Cotton -Product Introduction and Major Company
1.1.2 Leather -Product Introduction and Major Company
1.1.3 Silk -Product Introduction and Major Company
1.1.4 Denim -Product Introduction and Major Company
1.1.5 Others -Product Introduction and Major Company
1.2 Market Snapshot
1.2.1 Major Companies Overview
1.2.2 Market Concentration
1.2.3 Five-Year Compound Annual Growth Rate (CAGR)
2 Regional Market
2.1 Regional Market Share in Terms of Sales (2019 & 2023 & 2026)
2.2 Regional Market Share in Terms of Revenue (2019 & 2023 & 2026)
2.3 Regional Market Share in Terms of Consumption (2019 & 2023 & 2026)
3 Global Luxury Clothing Market Assessment by Type
3.1 Global Luxury Clothing Sales by Type (2019-2028)
3.2 Global Luxury Clothing Revenue by Type (2019-2028)
3.3 North America Luxury Clothing Sales and Revenue by Type (2019-2028)
3.4 Asia Luxury Clothing Sales and Revenue by Type (2019-2028)
3.5 Europe Luxury Clothing Sales and Revenue by Type (2019-2028)
3.6 Middle East & Africa Luxury Clothing Sales and Revenue by Type (2019-2028)
3.7 South America Luxury Clothing Sales and Revenue by Type (2019-2028)
4 Historical & Forecast Global Luxury Clothing Market Assessment by Application
4.1 Global Luxury Clothing Consumption and Consumption in Different Application Field (2019-2028)
4.2 North America Luxury Clothing Consumption and Consumption in Different Application Field (2019-2028)
4.3 Asia Luxury Clothing Consumption and Consumption in Different Application Field (2019-2028)
4.4 Europe Luxury Clothing Consumption and Consumption in Different Application Field (2019-2028)
4.5 Middle East & Africa Luxury Clothing Consumption and Consumption in Different Application Field (2019-2028)
4.6 South America Luxury Clothing Consumption and Consumption in Different Application Field (2019-2028)
5 North America
5.1 US Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
5.2 Canada Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
5.3 Mexico Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
6 Asia
6.1 China Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
6.2 Japan Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
6.3 India Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
6.4 Korea Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
6.5 Southeat Asia Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
7 Europe
7.1 Germany Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
7.2 UK Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
7.3 France Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
7.4 Russia Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
7.5 Italy Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
8 Middle East and Africa
8.1 Saudi Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
8.2 UAE Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
8.3 Egypt Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
8.4 Nigeria Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
8.5 South Africa Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
9 South America
9.1 Brazil Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
9.2 Argentina Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
9.3 Colombia Luxury Clothing Sales, Revenue and Growth Rate (2019-2028)
10 Global Luxury Clothing Average Price Trend
10.1 Market Price for Each Type of Luxury Clothing in North America (2019-2028)
10.2 Market Price for Each Type of Luxury Clothing in Asia (2019-2028)
10.3 Market Price for Each Type of Luxury Clothing in Europe (2019-2028)
10.4 Market Price for Each Type of Luxury Clothing in Middle East & Africa (2019-2028)
10.5 Market Price for Each Type of Luxury Clothing in South America (2019-2028)
11 Value Chain
11.1 Luxury Clothing Value Chain Analysis
11.1.1 Upstream
11.1.2 Downstream
11.2 COVID-19 Impact on Luxury Clothing Industry
11.2.1 Industrial Policy Issued Under the Epidemic Situation
11.2.2 Post-pandemic Era
11.3 Cost-Under the Epidemic Situation
11.3.1 Cost of Raw Material
11.4 Channel Analysis
11.4.1 Distribution Channel-Under the Epidemic Situation
11.4.2 Distributors
12 Major Players of Global Luxury Clothing Market, Competitive Analysis
12.1 Kering SA
12.1.1 Kering SA Company Profiles and Company News
12.1.2 Kering SA Product Introduction
12.1.3 Kering SA Luxury Clothing Sales, Revenue (2019-2023)
12.1.4 SWOT Analysis
12.2 Hermes International S.A
12.2.1 Hermes International S.A Company Profiles and Company News
12.2.2 Hermes International S.A Product Introduction
12.2.3 Hermes International S.A Luxury Clothing Sales, Revenue (2019-2023)
12.2.4 SWOT Analysis
12.3 Versace
12.3.1 Versace Company Profiles and Company News
12.3.2 Versace Product Introduction
12.3.3 Versace Luxury Clothing Sales, Revenue (2019-2023)
12.3.4 SWOT Analysis
12.4 Prada
12.4.1 Prada Company Profiles and Company News
12.4.2 Prada Product Introduction
12.4.3 Prada Luxury Clothing Sales, Revenue (2019-2023)
12.4.4 SWOT Analysis
12.5 Ralph Lauren Corporation
12.5.1 Dolce and Gabbana Company Profiles and Company News
12.5.2 Dolce and Gabbana Product Introduction
12.5.3 Dolce and Gabbana Luxury Clothing Sales, Revenue (2019-2023)
12.5.4 SWOT Analysis
12.6 Burberry Group Inc
12.6.1 Burberry Group Inc Company Profiles and Company News
12.6.2 Burberry Group Inc Product Introduction
12.6.3 Burberry Group Inc Luxury Clothing Sales, Revenue (2019-2023)
12.6.4 SWOT Analysis
12.7 LVMH Moet Hennessy Louis Vuitton S.E
12.7.1 LVMH Moet Hennessy Louis Vuitton S.E Company Profiles and Company News
12.7.2 LVMH Moet Hennessy Louis Vuitton S.E Product Introduction
12.7.3 LVMH Moet Hennessy Louis Vuitton S.E Luxury Clothing Sales, Revenue (2019-2023)
12.7.4 SWOT Analysis
12.8 Giorgio Armani S.P.A
12.8.1 Giorgio Armani S.P.A Company Profiles and Company News
12.8.2 Giorgio Armani S.P.A Product Introduction
12.8.3 Giorgio Armani S.P.A Luxury Clothing Sales, Revenue (2019-2023)
12.8.4 SWOT Analysis
12.9 Ralph Lauren Corporation
12.9.1 Ralph Lauren Corporation Company Profiles and Company News
12.9.2 Ralph Lauren Corporation Product Introduction
12.9.3 Ralph Lauren Corporation Luxury Clothing Sales, Revenue (2019-2023)
12.9.4 SWOT Analysis
12.10 Ermenegildo Zegna
12.10.1 Ermenegildo Zegna Company Profiles and Company News
12.10.2 Ermenegildo Zegna Product Introduction
12.10.3 Ermenegildo Zegna Luxury Clothing Sales, Revenue (2019-2023)
12.10.4 SWOT Analysis
12.11 Kiton
12.12 Hugo Boss A.G
13 Global Luxury Clothing Market, Competitive Landscape and Market Forecast
13.1 Key Companies Dominating the Global Luxury Clothing Market
13.2 Concentration Ratio (CR5) of Global Luxury Clothing Market (2019)
13.2.1 Market Share of Top 5 Players in Term of Revenue (2019)
13.3 Concentration Ratio (CR5) of Global Luxury Clothing Market (2023)
13.3.1 Market Share of Top 5 Players in Term of Revenue (2023)
14 Conclusion
15 Methodology and Data Source
List of Tables and Figures
Figure Product Introduction
Table Sales (K Units) and Revenue (Million USD) of Major Players (2019-2023)
Figure Global Luxury Clothing Sales Market Share of Top 5 Players
Table CAGR of Major Market (2021-2026)
Table CAGR in Terms of Sales of Each Type (2019-2028)
Table Regional Market Share in Terms of Sales (2019-2026)
Figure Regional Market Share in Terms of Sales (2019 - 2020)
Table Regional Market Share in Terms of Revenue (2019-2026)
Figure Regional Market Share in Terms of Revenue (2019 - 2020)
Figure Regional Market Share in Terms of Consumption (2019 - 2020)
Figure Regional Market Share in Terms of Consumption (2019 - 2020)
Table Global Luxury Clothing Sales (K Unit) by Type (2019-2028)
Figure Global Luxury Clothing Sales (K Unit) and Growth Rate (2019-2028)
Figure Global Luxury Clothing Sales Market Share (%) by Type (2019 -2020)
Table Global Luxury Clothing Revenue (Million USD) by Type (2019-2028)
Figure Global Luxury Clothing Revenue (Million USD) and Growth Rate (2019-2028)
Figure Global Luxury Clothing Revenue Market Share (%) by Type (2019-2020)
Figure North America Luxury Clothing Sales (K Unit) by Type (2019-2028)
Figure North America Luxury Clothing Sales (K Unit) and Growth Rate (2019-2028)
Figure North America Luxury Clothing Revenue (Million USD) by Type (2019-2028)
Figure North America Luxury Clothing Revenue (Million USD) and Growth Rate (2019-2028)
Figure Asia Luxury Clothing Sales (K Unit) by Type (2019-2028)
Figure Asia Luxury Clothing Sales (K Unit) and Growth Rate (2019-2028)
Figure Asia Luxury Clothing Revenue (Million USD) by Type (2019-2028)
Figure Asia Luxury Clothing Revenue (Million USD) and Growth Rate (2019-2028)
Figure Europe Luxury Clothing Sales (K Unit) by Type (2019-2028)
Figure Europe Luxury Clothing Sales (K Unit) and Growth Rate (2019-2028)
Figure Europe Luxury Clothing Revenue (Million USD) by Type (2019-2028)
Figure Europe Luxury Clothing Revenue (Million USD) and Growth Rate (2019-2028)
Figure Middle East & Africa Luxury Clothing Sales (K Unit) by Type (2019-2028)
Figure Middle East & Africa Luxury Clothing Sales (K Unit) and Growth Rate (2019-2028)
Figure Middle East & Africa Luxury Clothing Revenue (Million USD) by Type (2019-2028)
Figure Middle East & Africa Luxury Clothing Revenue (Million USD) and Growth Rate (2019-2028)
Figure South America Luxury Clothing Sales (K Unit) by Type (2019-2028)
Figure South America Luxury Clothing Sales (K Unit) and Growth Rate (2019-2028)
Figure South America Luxury Clothing Revenue (Million USD) by Type (2019-2028)
Figure South America Luxury Clothing Revenue (Million USD) and Growth Rate (2019-2028)
Table Historical & Forecast Luxury Clothing Different Application Field Consumption (K Unit)
Figure Consumption (K Unit) and Growth Rate (2019-2028)
Figure Different Application Field Consumption Market Share (%) (2019-2020)
Table Historical & Forecast Luxury Clothing Different Application Field Consumption (K Unit)
Figure North America Luxury Clothing Consumption (K Unit) and Growth Rate (2019-2028)
Figure North America Luxury Clothing Consumption Market Share (%) by Application (2019-2028)
Table Historical & Forecast Luxury Clothing Different Application Field Consumption (K Unit)
Figure Asia Luxury Clothing Consumption (K Unit) and Growth Rate (2019-2028)
Figure Asia Luxury Clothing Consumption Market Share (%) by Application (2019-2028)
Table Historical & Forecast Luxury Clothing Different Application Field Consumption (K Unit)
Figure Europe Luxury Clothing Consumption (K Unit) and Growth Rate (2019-2028)
Figure Europe Luxury Clothing Consumption Market Share (%) by Application (2019-2028)
Table Historical & Forecast Luxury Clothing Different Application Field Consumption (K Unit)
Figure Middle East & Africa Luxury Clothing Consumption (K Unit) and Growth Rate (2019-2028)
Figure Middle East & Africa Luxury Clothing Consumption Market Share (%) by Application (2019-2028)
Table Historical & Forecast Luxury Clothing Different Application Field Consumption (K Unit)
Figure South America Luxury Clothing Consumption (K Unit) and Growth Rate (2019-2028)
Figure South America Luxury Clothing Consumption Market Share (%) by Application (2019-2028)
Table Historical & Forecast Luxury Clothing Different Application Field Consumption (K Unit)
Table US Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table Canada Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table Mexico Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table China Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table Japan Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table India Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table Korea Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table Southeast Asia Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table Germany Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table UK Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table France Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table Russia Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table Italy Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table Saudi Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table UAE Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table Egypt Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table Nigeria Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table South Africa Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table Brazil Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table Argentina Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table Colombia Luxury Clothing Capacity (K Units), Sales (K Units) and Consumption (K Units) (2019-2028) and Proportion of Products Sold
Figure Proportion of Products Sold (%) (2015 -2026)
Table Market Price (USD/Unit) for Each Type of Luxury Clothing in China
Table Market Price (USD/Unit) for Each Type of Luxury Clothing in EU
Table Market Price (USD/Unit) for Each Type of Luxury Clothing in USA
Table Market Price (USD/Unit) for Each Type of Luxury Clothing in Japan
Table Market Price (USD/Unit) for Each Type of Luxury Clothing in India
Table Market Price (USD/Unit) for Each Type of Luxury Clothing in Southeast Asia
Table Market Price (USD/Unit) for Each Type of Luxury Clothing in South America
Figure Value Chain Structure of Luxury Clothing
Table Value Chain
Table Key Suppliers of Raw Material/Components
Table Key Downstream Customer in Each Application Field
Table Industry News List of Luxury Clothing
Figure Cost Structure of Luxury Clothing in 2020
Table Distributors/Traders List
Table ????Kering SA Profiles
Table ????Kering SA Luxury Clothing Product Introduction
Figure ????Kering SA Luxury Clothing Capacity (Unit), Sales (Unit), Revenue (Million USD) (2019-2023)
Figure ????Kering SA SWOT Analysis
Table ????Hermes International S.A Profiles
Table ????Hermes International S.A Luxury Clothing Product Introduction
Figure ????Hermes International S.A Luxury Clothing Capacity (Unit), Sales (Unit), Revenue (Million USD) (2019-2023)
Figure ????Hermes International S.A SWOT Analysis
Table ????Versace Profiles
Table ????Versace Luxury Clothing Product Introduction
Figure ????Versace Luxury Clothing Capacity (Unit), Sales (Unit), Revenue (Million USD) (2019-2023)
Figure ????Versace SWOT Analysis
Table ????Prada Profiles
Table ????Prada Luxury Clothing Product Introduction
Figure ????Prada Luxury Clothing Capacity (Unit), Sales (Unit), Revenue (Million USD) (2019-2023)
Figure ????Prada SWOT Analysis
Table ????Dolce and Gabbana Profiles
Table ????Dolce and Gabbana Luxury Clothing Product Introduction
Figure ????Dolce and Gabbana Consumer Goods Capacity (Unit), Sales (Unit), Revenue (Million USD) (2019-2023)
Figure ????Dolce and Gabbana SWOT Analysis
Table ????Burberry Group Inc Profiles
Table ????Burberry Group Inc Luxury Clothing Product Introduction
Figure ????Burberry Group Inc Luxury Clothing Capacity (Unit), Sales (Unit), Revenue (Million USD) (2019-2023)
Figure ????Burberry Group Inc SWOT Analysis
Table ????LVMH Moet Hennessy Louis Vuitton S.E Profiles
Table ????LVMH Moet Hennessy Louis Vuitton S.E Luxury Clothing Product Introduction
Figure ????LVMH Moet Hennessy Louis Vuitton S.E Luxury Clothing Capacity (Unit), Sales (Unit), Revenue (Million USD) (2019-2023)
Figure ????LVMH Moet Hennessy Louis Vuitton S.E SWOT Analysis
Table ????Giorgio Armani S.P.A Profiles
Table ????Giorgio Armani S.P.A Luxury Clothing Product Introduction
Figure ????Giorgio Armani S.P.A Luxury Clothing Capacity (Unit), Sales (Unit), Revenue (Million USD) (2019-2023)
Figure ????Giorgio Armani S.P.A SWOT Analysis
Table ????Ralph Lauren Corporation Profiles
Table ????Ralph Lauren Corporation Luxury Clothing Product Introduction
Figure ????Ralph Lauren Corporation Luxury Clothing Capacity (Unit), Sales (Unit), Revenue (Million USD) (2019-2023)
Figure ????Ralph Lauren Corporation SWOT Analysis
Table ????Ermenegildo Zegna Profiles
Table ????Ermenegildo Zegna Luxury Clothing Product Introduction
Figure ????Ermenegildo Zegna Luxury Clothing Capacity (Unit), Sales (Unit), Revenue (Million USD) (2019-2023)
Figure ????Ermenegildo Zegna SWOT Analysis
Table ????Kiton Profiles
Table ????Kiton Luxury Clothing Product Introduction
Figure ????Kiton Luxury Clothing Capacity (Unit), Sales (Unit), Revenue (Million USD) (2019-2023)
Figure ????Kiton SWOT Analysis
Table ????Hugo Boss A.G Profiles
Table ????Hugo Boss A.G Luxury Clothing Product Introduction
Figure ????Hugo Boss A.G Luxury Clothing Capacity (Unit), Sales (Unit), Revenue (Million USD) (2019-2023)
Figure ????Hugo Boss A.G SWOT Analysis
The research methodology employed by VICResearch has been subjected by numerous procedures in order to guarantee the quality and accuracy of the data contained within the reports. The analysts are employed full-time and received more than six months training to satisfy the standard of VICResearch. VICResearch’s methodology can be divided into five stages:
Stage 1: Secondary research
The research team first works with magazines, industry trade group, and administration that operate in the research field. The information provided by our in-house documentation service helps us carrying out further research. Our team which has the experience as well as the knowledge efficiently extracts the accurate information from existing source.
Stage 2: Primary research: interviews with trade sources
After the first stage, the research team conducts large number of face-to-face or telephone interviews with the representative companies operating in the research field. The analysts attempt to obtain a chance to talk with leading players in the field as well as with small companies. The upstream suppliers, manufacturers, distributors, importers, installers, wholesalers and consumers are all included in the interviews. The data gathered during the interview is then carefully checked and compared with the secondary research.
Stage 3: Analysis of the gathered data
The analysis team checks and synthesizes the data gathered during the first two stages. To validate the data, a second series of interviews can be conducted.
Stage 4: Quantitative data
The quantitative data such as market estimates, production and capacity of manufacturer, market forecasts and investment feasibility is provided by VICResearch. The data is based on the estimates obtained during stage 3.
The research team also provides appreciation and analysis of the market and the quantitative data contained in the reports. The data is consequently unique to VICResearch.
Stage 5: Quality control
Before publishing, every report goes under a rigorous checking and editing process, which is done by experience management team to ensure the reliability of the published data. Each analyst in the research team receives support and on-going training which is part of the VICResearch’s internal quality process.