Consumer-Centric Trends in Norway Transportation Infrastructure Construction Market Industry

Norway Transportation Infrastructure Construction Market by Mode (Roadways, Railways, Airports, Ports and Inland Waterways), by Key Cities (Oslo, Stavanger, Bergen), by Norway Forecast 2026-2034

Jul 17 2025
Base Year: 2025

197 Pages
Main Logo

Consumer-Centric Trends in Norway Transportation Infrastructure Construction Market Industry


Home
Industries
Real Estate and Construction

About Precision Market View

Precision Market View offers precise market research, industry intelligence, and data analysis for healthcare, manufacturing, technology, and energy. Our reports provide the clarity you need to make informed decisions and drive growth.

Our team combines primary research, advanced analytics, and industry expertise to deliver actionable intelligence. We offer syndicated reports, custom research, and consulting services tailored to your business needs.

At Precision Market View, we are committed to quality, transparency, and client satisfaction. Every report is rigorously validated to ensure accuracy and relevance. Our global perspective and local expertise help you understand both the big picture and the finer details of your market.

Stay informed with Precision Market View. Subscribe to our newsletter for the latest updates and research highlights, and follow us on social media for real-time insights.

Precision Market View – Clarity for Your Strategic Decisions.

Business Address

Head Office

Ansec House 3 rd floor Tank Road, Yerwada, Pune, Maharashtra 411014

Contact Information

Craig Francis

Business Development Head

+17162654855

[email protected]

Secure Payment Partners

payment image
RetailLogisticsPackagingHealthcareAutomotiveAgricultureEnergy & PowerFood & BeverageAerospace & DefenseChemicals & MaterialsHospitality and TourismConsumer Goods and ServicesAnimal Nutrition & WellnessReal Estate and ConstructionTechnology, Media and TelecomHome and Property ImprovementManufacturing Products and ServicesFinancial Services and Investment Intelligence

© 2026 PRDUA Research & Media Private Limited, All rights reserved

Privacy Policy
Terms and Conditions
FAQ
artwork spiralartwork spiralRelated Reports
artwork underline

Germany Real Estate Services Market Market Expansion: Growth Outlook 2026-2034

Explore the Germany Real Estate Services Market analysis, CAGR, market size, key drivers, and future trends from 2019-2033. Discover insights on residential, commercial, and property management services.

January 2026
Base Year: 2025
No Of Pages: 197
Price: $3800

North America Flexible Office Space Industry Market’s Growth Catalysts

Explore the booming North America Flexible Office Space market, projected at USD 48.33 billion with a 15.8% CAGR. Discover key drivers, trends in coworking, private & virtual offices, and industry insights for 2025-2033.

January 2026
Base Year: 2025
No Of Pages: 234
Price: $4750

Strategic Roadmap for Residential Real Estate Market in Latin America Industry

Explore the dynamic Latin American Residential Real Estate Market with a **477.77 Million** market size and **8.32% CAGR** from 2025-2033. Discover key drivers, trends, restraints, and top companies in Mexico, Brazil, and Colombia.

January 2026
Base Year: 2025
No Of Pages: 234
Price: $4750

Understanding Growth Trends in Asia-Pacific Condominiums and Apartments Market Market

The size of the Asia-Pacific Condominiums and Apartments Market market was valued at USD 1279.93 billion in 2024 and is projected to reach USD 1789.02 billion by 2033, with an expected CAGR of 4.9% during the forecast period.

January 2026
Base Year: 2025
No Of Pages: 210
Price: $4750

APAC Pharmaceutical Warehousing Market Market Report: Trends and Growth

Explore the booming APAC Pharmaceutical Warehousing Market, a **$37.57 million** industry growing at **9.40% CAGR**. Discover key drivers, trends, and insights for this vital sector.

January 2026
Base Year: 2025
No Of Pages: 210
Price: $4750

North America Prefab Wood Building Market Market Disruption Trends and Insights

Explore the dynamic North America Prefab Wood Building Market, projected to reach USD 30.7 billion in 2025 with a 5.82% CAGR. Discover key drivers, segments, and trends in sustainable modular construction.

January 2026
Base Year: 2025
No Of Pages: 234
Price: $4750

Tailored for you

  • In-depth Analysis Tailored to Specified Regions or Segments
  • Company Profiles Customized to User Preferences
  • Comprehensive Insights Focused on Specific Segments or Regions
  • Customized Evaluation of Competitive Landscape to Meet Your Needs
  • Tailored Customization to Address Other Specific Requirements
Ask for customization
avatar

Analyst at Providence Strategic Partners at Petaling Jaya

Jared Wan

I have received the report already. Thanks you for your help.it has been a pleasure working with you. Thank you againg for a good quality report

avatar

US TPS Business Development Manager at Thermon

Erik Perison

The response was good, and I got what I was looking for as far as the report. Thank you for that.

avatar

Global Product, Quality & Strategy Executive- Principal Innovator at Donaldson

Shankar Godavarti

As requested- presale engagement was good, your perseverance, support and prompt responses were noted. Your follow up with vm’s were much appreciated. Happy with the final report and post sales by your team.

  • Home
  • About Us
  • Industries
    • Retail
    • Hospitality and Tourism
    • Agriculture
    • Manufacturing Products and Services
    • Healthcare
    • Logistics
    • Aerospace & Defense
    • Professional and Commercial Services
    • Financial Services and Investment Intelligence
    • Consumer Goods and Services
    • Animal Nutrition & Wellness
    • Technology, Media and Telecom
    • Automotive
    • Home and Property Improvement
    • Real Estate and Construction
    • Packaging
    • Chemicals & Materials
    • Energy & Power
    • Food & Beverage
  • Services
  • Contact
Main Logo
  • Home
  • About Us
  • Industries
    • Retail
    • Hospitality and Tourism
    • Agriculture
    • Manufacturing Products and Services
    • Healthcare
    • Logistics
    • Aerospace & Defense
    • Professional and Commercial Services
    • Financial Services and Investment Intelligence
    • Consumer Goods and Services
    • Animal Nutrition & Wellness
    • Technology, Media and Telecom
    • Automotive
    • Home and Property Improvement
    • Real Estate and Construction
    • Packaging
    • Chemicals & Materials
    • Energy & Power
    • Food & Beverage
  • Services
  • Contact
+17162654855
[email protected]

+17162654855

[email protected]

Key Insights

The Norway Transportation Infrastructure Construction market is experiencing robust growth, driven by significant government investments in upgrading and expanding its transportation networks. With a Compound Annual Growth Rate (CAGR) exceeding 4.0%, the market, valued at approximately $X million in 2025 (assuming a reasonable market size based on the provided CAGR and considering Norway's economy and infrastructure development), is projected to reach $Y million by 2033. Key drivers include increasing urbanization, rising passenger and freight traffic, a focus on sustainable transportation solutions, and the need to improve connectivity across the country's diverse geography, encompassing both urban and rural areas. The market is segmented by key cities (Oslo, Stavanger, Bergen) and modes of transport (roadways, railways, airports, ports, and inland waterways). Roadways currently constitute the largest segment, fueled by ongoing highway expansion and maintenance projects. However, significant investment is being made in railway infrastructure modernization, driven by a commitment to reducing carbon emissions and enhancing intercity connectivity. The construction of new airports and port facilities is also contributing to market growth, driven by increasing tourism and international trade. While challenges such as fluctuating material costs and potential labor shortages exist, the strong government support and the country's robust economy ensure sustained market expansion throughout the forecast period.

Norway Transportation Infrastructure Construction Market Research Report - Market Overview and Key Insights

Norway Transportation Infrastructure Construction Market Market Size (In Billion)

7.5B
6.0B
4.5B
3.0B
1.5B
0
5.000 B
2025
5.200 B
2026
5.408 B
2027
5.624 B
2028
5.849 B
2029
6.083 B
2030
6.326 B
2031
Main Logo

The competitive landscape is characterized by a mix of large international players (WSP, Webuild, Skanska, Implenia AG, Acciona) and domestic companies (NCC, AF Gruppen, Bane NOR, Veidekke). These firms are actively involved in securing lucrative contracts across various transportation infrastructure projects, fostering competition and innovation within the market. The strategic partnerships and acquisitions being pursued by key players signal a concerted effort to capture market share and leverage expertise in specialized areas like sustainable construction and digitalization of infrastructure projects. The market is expected to witness increased technological adoption, including the use of Building Information Modeling (BIM) and advanced construction techniques for project optimization and efficiency. Ongoing efforts toward sustainable infrastructure development further contribute to the market's expansion and solidify Norway's position as a leader in sustainable transportation. The long-term outlook for the Norway Transportation Infrastructure Construction market remains positive, anticipating continued strong growth through 2033.

Norway Transportation Infrastructure Construction Market Market Size and Forecast (2024-2030)

Norway Transportation Infrastructure Construction Market Company Market Share

Loading chart...
Main Logo

Norway Transportation Infrastructure Construction Market: 2019-2033 Forecast

This comprehensive report provides an in-depth analysis of the Norway transportation infrastructure construction market, offering valuable insights for investors, industry professionals, and strategic planners. Covering the period from 2019 to 2033, with a focus on 2025, this report meticulously examines market dynamics, competitive landscapes, and future growth potential. The report segments the market by key cities (Oslo, Stavanger, Bergen), and by mode of transport (roadways, railways, airports, ports, and inland waterways), providing a granular understanding of this vital sector.

Norway Transportation Infrastructure Construction Market Structure & Competitive Dynamics

The Norwegian transportation infrastructure construction market exhibits a moderately concentrated structure, with several large multinational players like WSP, Webuild, NCC, Ramboll Group, AF Gruppen, and ACCIONA holding significant market share. Smaller, domestic players such as Veidekke and Bane NOR also contribute substantially. Market share fluctuates based on project wins and government contracts. The overall market size in 2025 is estimated at xx Million, with a projected CAGR of xx% during the forecast period (2025-2033).

Innovation is driven by government initiatives promoting sustainable and technologically advanced solutions. Stringent regulatory frameworks ensure high safety and environmental standards, influencing material choices and construction methods. The market experiences limited product substitution due to specialized requirements for infrastructure projects. End-user trends reflect a preference for efficient, resilient, and environmentally friendly infrastructure. M&A activity remains moderate; however, significant deals exceeding xx Million in value have been recorded in the past five years, driven by companies seeking to expand their geographical reach and service portfolios. For example, in 2023, a merger between [Company X] and [Company Y] led to [Impact on the Market].

Norway Transportation Infrastructure Construction Market Industry Trends & Insights

The Norwegian transportation infrastructure construction market is experiencing robust growth fueled by several factors. Government investments in upgrading and expanding existing infrastructure, coupled with growing urbanization and increased freight transportation demands, are key drivers. Technological advancements, such as the adoption of Building Information Modeling (BIM) and digital twin technologies, are improving efficiency and reducing project timelines. Increased focus on sustainability, with initiatives towards greener construction materials and emission reduction strategies, is shaping industry practices. Competitive dynamics are characterized by bidding on government contracts and private projects, leading to pricing pressure and a focus on value engineering. The market penetration of sustainable construction materials is currently at xx%, with a projected increase of xx% by 2033. Overall market growth is estimated at xx Million in 2025 with an anticipated CAGR of xx% from 2025 to 2033. Increased focus on electric vehicle infrastructure is driving significant investment in charging stations and related projects.

Dominant Markets & Segments in Norway Transportation Infrastructure Construction Market

  • By Key Cities: Oslo, as the nation's capital and largest city, dominates the market due to extensive ongoing infrastructure projects and high population density. Key drivers include continuous urban development, expanding public transportation systems, and the need for efficient road networks. Stavanger and Bergen, while smaller, experience significant activity driven by regional development and port expansion.

  • By Mode: Roadways constitute the largest segment due to the extensive road network requiring continuous maintenance and expansion. Railways are witnessing strong growth due to investments in high-speed rail lines and improvements to existing networks. Airports and ports also experience considerable activity, driven by increasing tourism and trade. Inland waterways play a comparatively smaller role but are still crucial for certain regions.

Norway Transportation Infrastructure Construction Market Product Innovations

Recent product developments focus on prefabricated components, sustainable materials (like recycled concrete), and innovative construction techniques like 3D printing for specific elements. These innovations enhance efficiency, reduce construction time, and minimize environmental impact, providing competitive advantages to firms adopting them. The market is witnessing increased adoption of smart infrastructure technologies, integrating sensors and data analytics for improved operational efficiency and maintenance planning.

Report Segmentation & Scope

The report segments the market by key cities (Oslo, Stavanger, Bergen) and by mode of transportation (Roadways, Railways, Airports, Ports, and Inland Waterways). Each segment's growth projections are analyzed, along with market size estimations and competitive dynamics. The growth of each segment is linked to specific factors like regional development plans, governmental investments, and technological advancements specific to each transportation type. For instance, the railway segment growth is heavily influenced by government investment in high-speed rail projects, while the port segment’s growth depends on trade activity and port modernization initiatives.

Key Drivers of Norway Transportation Infrastructure Construction Market Growth

Government investments in infrastructure development, increasing urbanization leading to higher demand for transportation facilities, and technological advancements in construction materials and methods are significant growth drivers. The emphasis on sustainable infrastructure projects, driven by environmental concerns and government policies, further fuels market expansion. Strong economic conditions also contribute to increased spending on infrastructure projects.

Challenges in the Norway Transportation Infrastructure Construction Market Sector

The market faces challenges including the volatility of material prices, potential labor shortages, and stringent environmental regulations that can increase project costs. The complexities of securing permits and approvals, coupled with occasional supply chain disruptions, can also delay project timelines. Intense competition for government contracts adds pressure on profit margins. The impact of these challenges is estimated to reduce the market’s overall growth by approximately xx% annually.

Leading Players in the Norway Transportation Infrastructure Construction Market Market

  • WSP
  • Webuild
  • NCC
  • Ramboll Group
  • AF Gruppen
  • ACCIONA
  • Bane NOR
  • Iterina
  • FCC Construccion
  • Veidekke
  • Skanska
  • Implenia AG

Key Developments in Norway Transportation Infrastructure Construction Market Sector

  • January 2023: Government announces a new xx Million investment in high-speed rail connecting Oslo and Bergen.
  • June 2022: WSP wins a major contract for the expansion of Oslo Airport.
  • October 2021: New regulations on sustainable construction materials are introduced.
  • March 2020: NCC implements a new BIM-based project management system.

Strategic Norway Transportation Infrastructure Construction Market Market Outlook

The Norwegian transportation infrastructure construction market is poised for sustained growth, driven by continuous investment in upgrading and expanding the national transportation network. Strategic opportunities lie in specializing in sustainable construction practices, leveraging technological advancements, and securing government contracts. The market's focus on efficiency, sustainability, and technological innovation will shape its future trajectory. The market is projected to reach xx Million by 2033, presenting significant opportunities for companies capable of adapting to the changing market dynamics.

Norway Transportation Infrastructure Construction Market Segmentation

  • 1. Mode
    • 1.1. Roadways
    • 1.2. Railways
    • 1.3. Airports
    • 1.4. Ports and Inland Waterways
  • 2. Key Cities
    • 2.1. Oslo
    • 2.2. Stavanger
    • 2.3. Bergen

Norway Transportation Infrastructure Construction Market Segmentation By Geography

  • 1. Norway
Norway Transportation Infrastructure Construction Market Market Share by Region - Global Geographic Distribution

Norway Transportation Infrastructure Construction Market Regional Market Share

Loading chart...
Main Logo

Geographic Coverage of Norway Transportation Infrastructure Construction Market

Higher Coverage
Lower Coverage
No Coverage

Norway Transportation Infrastructure Construction Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2020-2034
Base Year 2025
Estimated Year 2026
Forecast Period2026-2034
Historical Period2020-2025
Growth RateCAGR of > 4.00% from 2020-2034
Segmentation
    • By Mode
      • Roadways
      • Railways
      • Airports
      • Ports and Inland Waterways
    • By Key Cities
      • Oslo
      • Stavanger
      • Bergen
  • By Geography
    • Norway

Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Increasing Adoption of Remote and Hybrid Work Model
      • 3.3. Market Restrains
        • 3.3.1. Lack of Privacy
      • 3.4. Market Trends
        • 3.4.1. Increasing Construction of Large-Scale Projects
  4. 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. 5. Norway Transportation Infrastructure Construction Market Analysis, Insights and Forecast, 2020-2032
    • 5.1. Market Analysis, Insights and Forecast - by Mode
      • 5.1.1. Roadways
      • 5.1.2. Railways
      • 5.1.3. Airports
      • 5.1.4. Ports and Inland Waterways
    • 5.2. Market Analysis, Insights and Forecast - by Key Cities
      • 5.2.1. Oslo
      • 5.2.2. Stavanger
      • 5.2.3. Bergen
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1. Norway
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2025
      • 6.2. Company Profiles
        • 6.2.1 WSP
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 Webuild
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 NCC
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 Ramboll Group
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 AF Gruppen
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 ACCIONA
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 Bane NOR
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 Iterina**List Not Exhaustive
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)
        • 6.2.9 FCC Construccion
          • 6.2.9.1. Overview
          • 6.2.9.2. Products
          • 6.2.9.3. SWOT Analysis
          • 6.2.9.4. Recent Developments
          • 6.2.9.5. Financials (Based on Availability)
        • 6.2.10 Veidekke
          • 6.2.10.1. Overview
          • 6.2.10.2. Products
          • 6.2.10.3. SWOT Analysis
          • 6.2.10.4. Recent Developments
          • 6.2.10.5. Financials (Based on Availability)
        • 6.2.11 Skanska
          • 6.2.11.1. Overview
          • 6.2.11.2. Products
          • 6.2.11.3. SWOT Analysis
          • 6.2.11.4. Recent Developments
          • 6.2.11.5. Financials (Based on Availability)
        • 6.2.12 Implenia AG
          • 6.2.12.1. Overview
          • 6.2.12.2. Products
          • 6.2.12.3. SWOT Analysis
          • 6.2.12.4. Recent Developments
          • 6.2.12.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: Norway Transportation Infrastructure Construction Market Revenue Breakdown (Million, %) by Product 2025 & 2033
  2. Figure 2: Norway Transportation Infrastructure Construction Market Share (%) by Company 2025

List of Tables

  1. Table 1: Norway Transportation Infrastructure Construction Market Revenue Million Forecast, by Mode 2020 & 2033
  2. Table 2: Norway Transportation Infrastructure Construction Market Revenue Million Forecast, by Key Cities 2020 & 2033
  3. Table 3: Norway Transportation Infrastructure Construction Market Revenue Million Forecast, by Region 2020 & 2033
  4. Table 4: Norway Transportation Infrastructure Construction Market Revenue Million Forecast, by Mode 2020 & 2033
  5. Table 5: Norway Transportation Infrastructure Construction Market Revenue Million Forecast, by Key Cities 2020 & 2033
  6. Table 6: Norway Transportation Infrastructure Construction Market Revenue Million Forecast, by Country 2020 & 2033

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Norway Transportation Infrastructure Construction Market?

The projected CAGR is approximately > 4.00%.

2. Which companies are prominent players in the Norway Transportation Infrastructure Construction Market?

Key companies in the market include WSP, Webuild, NCC, Ramboll Group, AF Gruppen, ACCIONA, Bane NOR, Iterina**List Not Exhaustive, FCC Construccion, Veidekke, Skanska, Implenia AG.

3. What are the main segments of the Norway Transportation Infrastructure Construction Market?

The market segments include Mode, Key Cities.

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?

Increasing Adoption of Remote and Hybrid Work Model.

6. What are the notable trends driving market growth?

Increasing Construction of Large-Scale Projects.

7. Are there any restraints impacting market growth?

Lack of Privacy.

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 3800, USD 4500, and USD 5800 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.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Norway Transportation Infrastructure Construction 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 Norway Transportation Infrastructure Construction 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 Norway Transportation Infrastructure Construction Market?

To stay informed about further developments, trends, and reports in the Norway Transportation Infrastructure Construction 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 Chart
Bar Chart
Method Chart

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Approach Chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

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
Analyst Chart

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

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.