Market Overview:
The global product-based sales training market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for product-based sales training from various industries, such as consumer goods, automotive, and BFSI. Additionally, the growing trend of online and blended learning is also contributing to the growth of this market.
Product Definition:
Product-based sales training is a type of training that focuses on teaching salespeople how to sell a particular product or service. It can be very important for companies that sell complex or expensive products, as it can help ensure that salespeople are adequately trained in how to market and sell the product.
Blended Training:
Blended training is a combination of on-site and off-site training. It is used to train employees for a new skill or knowledge in an environment where real world application of the skill or knowledge can be experienced by the employee.
Blended Training helps in improving retention, reduces costs, increases productivity & improves quality.
Online Training:
Online training is a learning process that includes the delivery of instructions, knowledge or skill-based e-learning. It is an on-demand service and can be accessed by any person from anywhere irrespective of their location and time. Online training has become very popular in recent years as it helps save both - the cost incurred on traveling to the workplace as well as time spent at workplace by delivering knowledge virtually through video conferencing, webinars, etc.
Application Insights:
The automotive application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growth of this industry can be attributed to increasing sales of vehicles, especially in developing countries like India and China. Countries such as Japan are also expected to witness significant growth owing to high demand for electric vehicles from domestic manufacturers.
The consumer goods segment is anticipated register a significant CAGR during the forecast period. This can be attributed primarily to rising disposable income levels across various regions including Asia Pacific and Middle East & Africa which has resulted in increased spending on products such as smartphones, tablets, laptops among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing product launches by companies such as Toyota, Honda, and Nissan coupled with rising sales of vehicles in China and India. Moreover, growing penetration of e-commerce companies such as Flipkart and Amazon will propel demand for GSBDT solutions over the next eight years.
North America is projected to grow at a significant rate from 2018 to 2030 owing to increasing adoption of BD online training programs by retailers across countries such as U.S.
Growth Factors:
- Increasing demand for product-based sales training from small and medium businesses (SMBs) due to the growing awareness of the importance of sales training for SMBs.
- The increasing demand for product-based sales training from large enterprises due to the growing awareness of the importance of sales training for large enterprises.
- The increasing demand for product-based sales training from both B2B and B2C sectors due to the growing awareness of the importance of sales training in both sectors.
- The increasing availability and affordability of online product-based sales training courses, which is making it easier and more affordable for people to receive quality Sales Training regardless of their location or budget constraints. 5)The rising popularity and effectiveness offproduct-based Sales Training methods, which is encouraging more people to seek out Sales Training in order to improve their skillset and increase their chances or success in selling products or services
Scope Of The Report
Report Attributes
Report Details
Report Title
Product-based Sales Training Market Research Report
By Type
Blended Training, Online Training, Instructor-Led Training
By Application
Consumer Goods, Automotive, BFSI
By Companies
ASLAN Training and Development, DoubleDigit Sales, GP Strategies, Miller Heiman Group, Altify, CommLab India, Cohen Brown Management Group, Carew International, Janek Performance Group, Kurlan & Associates, Mercuri International, Richardson, RAIN Group, Sandler Training
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Product-based Sales Training Market Report Segments:
The global Product-based Sales Training market is segmented on the basis of:
Types
Blended Training, Online Training, Instructor-Led Training
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Goods, Automotive, BFSI
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ASLAN Training and Development
- DoubleDigit Sales
- GP Strategies
- Miller Heiman Group
- Altify
- CommLab India
- Cohen Brown Management Group
- Carew International
- Janek Performance Group
- Kurlan & Associates
- Mercuri International
- Richardson
- RAIN Group
- Sandler Training
Highlights of The Product-based Sales Training Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Blended Training
- Online Training
- Instructor-Led Training
- By Application:
- Consumer Goods
- Automotive
- BFSI
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Product-based Sales Training Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Product-based sales training is a type of sales training that helps salespeople learn how to sell products. This type of training typically focuses on teaching the principles and techniques used to identify and qualify potential customers, build relationships with them, and close deals. Product-based sales training can also cover topics such as pricing strategies, product demonstrations, lead generation methods, and more.
Some of the major companies in the product-based sales training market are ASLAN Training and Development, DoubleDigit Sales, GP Strategies, Miller Heiman Group, Altify, CommLab India, Cohen Brown Management Group, Carew International, Janek Performance Group, Kurlan & Associates, Mercuri International, Richardson, RAIN Group, Sandler Training.
The product-based sales training market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Product-based Sales Training Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Product-based Sales Training Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Product-based Sales Training Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Product-based Sales Training Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Product-based Sales Training Market Size & Forecast, 2020-2028
4.5.1 Product-based Sales Training Market Size and Y-o-Y Growth
4.5.2 Product-based Sales Training Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Blended Training
5.2.2 Online Training
5.2.3 Instructor-Led Training
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Consumer Goods
6.2.2 Automotive
6.2.3 BFSI
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Product-based Sales Training Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Product-based Sales Training Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Blended Training
9.6.2 Online Training
9.6.3 Instructor-Led Training
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Consumer Goods
9.10.2 Automotive
9.10.3 BFSI
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Blended Training
10.6.2 Online Training
10.6.3 Instructor-Led Training
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Consumer Goods
10.10.2 Automotive
10.10.3 BFSI
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Blended Training
11.6.2 Online Training
11.6.3 Instructor-Led Training
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Consumer Goods
11.10.2 Automotive
11.10.3 BFSI
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Blended Training
12.6.2 Online Training
12.6.3 Instructor-Led Training
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Consumer Goods
12.10.2 Automotive
12.10.3 BFSI
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Blended Training
13.6.2 Online Training
13.6.3 Instructor-Led Training
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Consumer Goods
13.10.2 Automotive
13.10.3 BFSI
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Product-based Sales Training Market: Competitive Dashboard
14.2 Global Product-based Sales Training Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ASLAN Training and Development
14.3.2 DoubleDigit Sales
14.3.3 GP Strategies
14.3.4 Miller Heiman Group
14.3.5 Altify
14.3.6 CommLab India
14.3.7 Cohen Brown Management Group
14.3.8 Carew International
14.3.9 Janek Performance Group
14.3.10 Kurlan & Associates
14.3.11 Mercuri International
14.3.12 Richardson
14.3.13 RAIN Group
14.3.14 Sandler Training
