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レポート概要
| 本調査レポートは世界の自動アルミ箔シール機市場について調査・分析し、世界の自動アルミ箔シール機市場概要、メーカー別競争状況、地域別生産量、地域別消費量、タイプ別セグメント分析（空冷式、水冷式）、用途別セグメント分析（医薬品、農薬、食品、化粧品、潤滑油、その他）、主要企業のプロファイル、市場動向などに関する情報を掲載しています。主要企業としては、Chin Yi Machinery Co.,Ltd、Likai Technology Co.,Ltd、Kramfc、GTE、Jet Pack Machines Private Limited、Speed Pack Machines、Blenzor India、N. K. Industries、Levapack、Vijay Heat Industries、Easyseal Medical Technology Co.,Ltd.などが含まれています。世界の自動アルミ箔シール機市場は、2022年にXXX米ドル、2029年にはXXX米ドルに達すると予測され、予測期間中の年平均成長率はXXX％です。COVID-19とロシア・ウクライナ戦争による影響は、自動アルミ箔シール機市場規模を推定する際に考慮しました。本レポートは、自動アルミ箔シール機の世界市場を定量的・定性的な分析により包括的に提示し、読者がビジネス/成長戦略を策定し、市場競争状況を把握し、現在の市場における自社のポジションを分析し、自動アルミ箔シール機に関するビジネス上の意思決定に役立てることを目的としています。 ・自動アルミ箔シール機市場の概要 - 製品の定義 - 自動アルミ箔シール機のタイプ別セグメント - 世界の自動アルミ箔シール機市場成長率のタイプ別分析（空冷式、水冷式） - 自動アルミ箔シール機の用途別セグメント - 世界の自動アルミ箔シール機市場成長率の用途別分析（医薬品、農薬、食品、化粧品、潤滑油、その他） - 世界市場の成長展望 - 世界の自動アルミ箔シール機生産量の推定と予測（2018年-2029年） - 世界の自動アルミ箔シール機生産能力の推定と予測（2018年-2029年） - 自動アルミ箔シール機の平均価格の推定と予測（2018年-2029年） - 前提条件と制限事項 ・メーカー別競争状況 - メーカー別市場シェア - 世界の主要メーカー、業界ランキング分析 - メーカー別平均価格 - 自動アルミ箔シール機市場の競争状況およびトレンド ・自動アルミ箔シール機の地域別生産量 - 自動アルミ箔シール機生産量の地域別推計と予測（2018年-2029年） - 地域別自動アルミ箔シール機価格分析（2018年-2023年） - 北米の自動アルミ箔シール機生産規模（2018年-2029年） - ヨーロッパの自動アルミ箔シール機生産規模（2018年-2029年） - 中国の自動アルミ箔シール機生産規模（2018年-2029年） - 日本の自動アルミ箔シール機生産規模（2018年-2029年） - 韓国の自動アルミ箔シール機生産規模（2018年-2029年） - インドの自動アルミ箔シール機生産規模（2018年-2029年） ・自動アルミ箔シール機の地域別消費量 - 自動アルミ箔シール機消費量の地域別推計と予測（2018年-2029年） - 北米の自動アルミ箔シール機消費量（2018年-2029年） - アメリカの自動アルミ箔シール機消費量（2018年-2029年） - ヨーロッパの自動アルミ箔シール機消費量（2018年-2029年） - アジア太平洋の自動アルミ箔シール機消費量（2018年-2029年） - 中国の自動アルミ箔シール機消費量（2018年-2029年） - 日本の自動アルミ箔シール機消費量（2018年-2029年） - 韓国の自動アルミ箔シール機消費量（2018年-2029年） - 東南アジアの自動アルミ箔シール機消費量（2018年-2029年） - インドの自動アルミ箔シール機消費量（2018年-2029年） - 中南米・中東・アフリカの自動アルミ箔シール機消費量（2018年-2029年） ・タイプ別セグメント：空冷式、水冷式 - 世界の自動アルミ箔シール機のタイプ別生産量（2018年-2023年） - 世界の自動アルミ箔シール機のタイプ別生産量（2024年-2029年） - 世界の自動アルミ箔シール機のタイプ別価格 ・用途別セグメント：医薬品、農薬、食品、化粧品、潤滑油、その他 - 世界の自動アルミ箔シール機の用途別生産量（2018年-2023年） - 世界の自動アルミ箔シール機の用途別生産量（2024年-2029年） - 世界の自動アルミ箔シール機の用途別価格 ・主要企業のプロファイル：企業情報、製品ポートフォリオ、生産量、価格、動向 Chin Yi Machinery Co.,Ltd、Likai Technology Co.,Ltd、Kramfc、GTE、Jet Pack Machines Private Limited、Speed Pack Machines、Blenzor India、N. K. Industries、Levapack、Vijay Heat Industries、Easyseal Medical Technology Co.,Ltd. ・産業チェーンと販売チャネルの分析 - 自動アルミ箔シール機産業チェーン分析 - 自動アルミ箔シール機の主要原材料 - 自動アルミ箔シール機の販売チャネル - 自動アルミ箔シール機のディストリビューター - 自動アルミ箔シール機の主要顧客 ・自動アルミ箔シール機市場ダイナミクス - 自動アルミ箔シール機の業界動向 - 自動アルミ箔シール機市場の成長ドライバ、課題、阻害要因 ・調査成果および結論 ・調査方法とデータソース |
The global Automatic Aluminum Foil Sealing Machine market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Automatic Aluminum Foil Sealing Machine is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Automatic Aluminum Foil Sealing Machine is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Automatic Aluminum Foil Sealing Machine include Chin Yi Machinery Co.,Ltd, Likai Technology Co.,Ltd, Kramfc, GTE, Jet Pack Machines Private Limited, Speed Pack Machines, Blenzor India, N. K. Industries and Levapack, etc. In 2022, the world’s top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Automatic Aluminum Foil Sealing Machine, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automatic Aluminum Foil Sealing Machine.
The Automatic Aluminum Foil Sealing Machine market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Automatic Aluminum Foil Sealing Machine market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automatic Aluminum Foil Sealing Machine manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company
Chin Yi Machinery Co.,Ltd
Likai Technology Co.,Ltd
Kramfc
GTE
Jet Pack Machines Private Limited
Speed Pack Machines
Blenzor India
N. K. Industries
Levapack
Vijay Heat Industries
Easyseal Medical Technology Co.,Ltd.
Segment by Type
Air-Cooled
Water-Cooled
Segment by Application
Medicine
Pesticide
Food
Cosmetic
Lubricating Oil
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by type, by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Automatic Aluminum Foil Sealing Machine manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Automatic Aluminum Foil Sealing Machine by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Automatic Aluminum Foil Sealing Machine in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
1 Automatic Aluminum Foil Sealing Machine Market Overview
1.1 Product Definition
1.2 Automatic Aluminum Foil Sealing Machine Segment by Type
1.2.1 Global Automatic Aluminum Foil Sealing Machine Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Air-Cooled
1.2.3 Water-Cooled
1.3 Automatic Aluminum Foil Sealing Machine Segment by Application
1.3.1 Global Automatic Aluminum Foil Sealing Machine Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Medicine
1.3.3 Pesticide
1.3.4 Food
1.3.5 Cosmetic
1.3.6 Lubricating Oil
1.3.7 Other
1.4 Global Market Growth Prospects
1.4.1 Global Automatic Aluminum Foil Sealing Machine Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Automatic Aluminum Foil Sealing Machine Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Automatic Aluminum Foil Sealing Machine Production Estimates and Forecasts (2018-2029)
1.4.4 Global Automatic Aluminum Foil Sealing Machine Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Automatic Aluminum Foil Sealing Machine Production Market Share by Manufacturers (2018-2023)
2.2 Global Automatic Aluminum Foil Sealing Machine Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Automatic Aluminum Foil Sealing Machine, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Automatic Aluminum Foil Sealing Machine Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Automatic Aluminum Foil Sealing Machine Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Automatic Aluminum Foil Sealing Machine, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Automatic Aluminum Foil Sealing Machine, Product Offered and Application
2.8 Global Key Manufacturers of Automatic Aluminum Foil Sealing Machine, Date of Enter into This Industry
2.9 Automatic Aluminum Foil Sealing Machine Market Competitive Situation and Trends
2.9.1 Automatic Aluminum Foil Sealing Machine Market Concentration Rate
2.9.2 Global 5 and 10 Largest Automatic Aluminum Foil Sealing Machine Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Automatic Aluminum Foil Sealing Machine Production by Region
3.1 Global Automatic Aluminum Foil Sealing Machine Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Automatic Aluminum Foil Sealing Machine Production Value by Region (2018-2029)
3.2.1 Global Automatic Aluminum Foil Sealing Machine Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Automatic Aluminum Foil Sealing Machine by Region (2024-2029)
3.3 Global Automatic Aluminum Foil Sealing Machine Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Automatic Aluminum Foil Sealing Machine Production by Region (2018-2029)
3.4.1 Global Automatic Aluminum Foil Sealing Machine Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Automatic Aluminum Foil Sealing Machine by Region (2024-2029)
3.5 Global Automatic Aluminum Foil Sealing Machine Market Price Analysis by Region (2018-2023)
3.6 Global Automatic Aluminum Foil Sealing Machine Production and Value, Year-over-Year Growth
3.6.1 North America Automatic Aluminum Foil Sealing Machine Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Automatic Aluminum Foil Sealing Machine Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Automatic Aluminum Foil Sealing Machine Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Automatic Aluminum Foil Sealing Machine Production Value Estimates and Forecasts (2018-2029)
4 Automatic Aluminum Foil Sealing Machine Consumption by Region
4.1 Global Automatic Aluminum Foil Sealing Machine Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Automatic Aluminum Foil Sealing Machine Consumption by Region (2018-2029)
4.2.1 Global Automatic Aluminum Foil Sealing Machine Consumption by Region (2018-2023)
4.2.2 Global Automatic Aluminum Foil Sealing Machine Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Automatic Aluminum Foil Sealing Machine Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Automatic Aluminum Foil Sealing Machine Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Automatic Aluminum Foil Sealing Machine Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Automatic Aluminum Foil Sealing Machine Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Automatic Aluminum Foil Sealing Machine Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Automatic Aluminum Foil Sealing Machine Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Automatic Aluminum Foil Sealing Machine Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Automatic Aluminum Foil Sealing Machine Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Automatic Aluminum Foil Sealing Machine Production by Type (2018-2029)
5.1.1 Global Automatic Aluminum Foil Sealing Machine Production by Type (2018-2023)
5.1.2 Global Automatic Aluminum Foil Sealing Machine Production by Type (2024-2029)
5.1.3 Global Automatic Aluminum Foil Sealing Machine Production Market Share by Type (2018-2029)
5.2 Global Automatic Aluminum Foil Sealing Machine Production Value by Type (2018-2029)
5.2.1 Global Automatic Aluminum Foil Sealing Machine Production Value by Type (2018-2023)
5.2.2 Global Automatic Aluminum Foil Sealing Machine Production Value by Type (2024-2029)
5.2.3 Global Automatic Aluminum Foil Sealing Machine Production Value Market Share by Type (2018-2029)
5.3 Global Automatic Aluminum Foil Sealing Machine Price by Type (2018-2029)
6 Segment by Application
6.1 Global Automatic Aluminum Foil Sealing Machine Production by Application (2018-2029)
6.1.1 Global Automatic Aluminum Foil Sealing Machine Production by Application (2018-2023)
6.1.2 Global Automatic Aluminum Foil Sealing Machine Production by Application (2024-2029)
6.1.3 Global Automatic Aluminum Foil Sealing Machine Production Market Share by Application (2018-2029)
6.2 Global Automatic Aluminum Foil Sealing Machine Production Value by Application (2018-2029)
6.2.1 Global Automatic Aluminum Foil Sealing Machine Production Value by Application (2018-2023)
6.2.2 Global Automatic Aluminum Foil Sealing Machine Production Value by Application (2024-2029)
6.2.3 Global Automatic Aluminum Foil Sealing Machine Production Value Market Share by Application (2018-2029)
6.3 Global Automatic Aluminum Foil Sealing Machine Price by Application (2018-2029)
7 Key Companies Profiled
7.1 Chin Yi Machinery Co.,Ltd
7.1.1 Chin Yi Machinery Co.,Ltd Automatic Aluminum Foil Sealing Machine Corporation Information
7.1.2 Chin Yi Machinery Co.,Ltd Automatic Aluminum Foil Sealing Machine Product Portfolio
7.1.3 Chin Yi Machinery Co.,Ltd Automatic Aluminum Foil Sealing Machine Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Chin Yi Machinery Co.,Ltd Main Business and Markets Served
7.1.5 Chin Yi Machinery Co.,Ltd Recent Developments/Updates
7.2 Likai Technology Co.,Ltd
7.2.1 Likai Technology Co.,Ltd Automatic Aluminum Foil Sealing Machine Corporation Information
7.2.2 Likai Technology Co.,Ltd Automatic Aluminum Foil Sealing Machine Product Portfolio
7.2.3 Likai Technology Co.,Ltd Automatic Aluminum Foil Sealing Machine Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Likai Technology Co.,Ltd Main Business and Markets Served
7.2.5 Likai Technology Co.,Ltd Recent Developments/Updates
7.3 Kramfc
7.3.1 Kramfc Automatic Aluminum Foil Sealing Machine Corporation Information
7.3.2 Kramfc Automatic Aluminum Foil Sealing Machine Product Portfolio
7.3.3 Kramfc Automatic Aluminum Foil Sealing Machine Production, Value, Price and Gross Margin (2018-2023)
7.3.4 Kramfc Main Business and Markets Served
7.3.5 Kramfc Recent Developments/Updates
7.4 GTE
7.4.1 GTE Automatic Aluminum Foil Sealing Machine Corporation Information
7.4.2 GTE Automatic Aluminum Foil Sealing Machine Product Portfolio
7.4.3 GTE Automatic Aluminum Foil Sealing Machine Production, Value, Price and Gross Margin (2018-2023)
7.4.4 GTE Main Business and Markets Served
7.4.5 GTE Recent Developments/Updates
7.5 Jet Pack Machines Private Limited
7.5.1 Jet Pack Machines Private Limited Automatic Aluminum Foil Sealing Machine Corporation Information
7.5.2 Jet Pack Machines Private Limited Automatic Aluminum Foil Sealing Machine Product Portfolio
7.5.3 Jet Pack Machines Private Limited Automatic Aluminum Foil Sealing Machine Production, Value, Price and Gross Margin (2018-2023)
7.5.4 Jet Pack Machines Private Limited Main Business and Markets Served
7.5.5 Jet Pack Machines Private Limited Recent Developments/Updates
7.6 Speed Pack Machines
7.6.1 Speed Pack Machines Automatic Aluminum Foil Sealing Machine Corporation Information
7.6.2 Speed Pack Machines Automatic Aluminum Foil Sealing Machine Product Portfolio
7.6.3 Speed Pack Machines Automatic Aluminum Foil Sealing Machine Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Speed Pack Machines Main Business and Markets Served
7.6.5 Speed Pack Machines Recent Developments/Updates
7.7 Blenzor India
7.7.1 Blenzor India Automatic Aluminum Foil Sealing Machine Corporation Information
7.7.2 Blenzor India Automatic Aluminum Foil Sealing Machine Product Portfolio
7.7.3 Blenzor India Automatic Aluminum Foil Sealing Machine Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Blenzor India Main Business and Markets Served
7.7.5 Blenzor India Recent Developments/Updates
7.8 N. K. Industries
7.8.1 N. K. Industries Automatic Aluminum Foil Sealing Machine Corporation Information
7.8.2 N. K. Industries Automatic Aluminum Foil Sealing Machine Product Portfolio
7.8.3 N. K. Industries Automatic Aluminum Foil Sealing Machine Production, Value, Price and Gross Margin (2018-2023)
7.8.4 N. K. Industries Main Business and Markets Served
7.7.5 N. K. Industries Recent Developments/Updates
7.9 Levapack
7.9.1 Levapack Automatic Aluminum Foil Sealing Machine Corporation Information
7.9.2 Levapack Automatic Aluminum Foil Sealing Machine Product Portfolio
7.9.3 Levapack Automatic Aluminum Foil Sealing Machine Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Levapack Main Business and Markets Served
7.9.5 Levapack Recent Developments/Updates
7.10 Vijay Heat Industries
7.10.1 Vijay Heat Industries Automatic Aluminum Foil Sealing Machine Corporation Information
7.10.2 Vijay Heat Industries Automatic Aluminum Foil Sealing Machine Product Portfolio
7.10.3 Vijay Heat Industries Automatic Aluminum Foil Sealing Machine Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Vijay Heat Industries Main Business and Markets Served
7.10.5 Vijay Heat Industries Recent Developments/Updates
7.11 Easyseal Medical Technology Co.,Ltd.
7.11.1 Easyseal Medical Technology Co.,Ltd. Automatic Aluminum Foil Sealing Machine Corporation Information
7.11.2 Easyseal Medical Technology Co.,Ltd. Automatic Aluminum Foil Sealing Machine Product Portfolio
7.11.3 Easyseal Medical Technology Co.,Ltd. Automatic Aluminum Foil Sealing Machine Production, Value, Price and Gross Margin (2018-2023)
7.11.4 Easyseal Medical Technology Co.,Ltd. Main Business and Markets Served
7.11.5 Easyseal Medical Technology Co.,Ltd. Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Automatic Aluminum Foil Sealing Machine Industry Chain Analysis
8.2 Automatic Aluminum Foil Sealing Machine Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Automatic Aluminum Foil Sealing Machine Production Mode & Process
8.4 Automatic Aluminum Foil Sealing Machine Sales and Marketing
8.4.1 Automatic Aluminum Foil Sealing Machine Sales Channels
8.4.2 Automatic Aluminum Foil Sealing Machine Distributors
8.5 Automatic Aluminum Foil Sealing Machine Customers
9 Automatic Aluminum Foil Sealing Machine Market Dynamics
9.1 Automatic Aluminum Foil Sealing Machine Industry Trends
9.2 Automatic Aluminum Foil Sealing Machine Market Drivers
9.3 Automatic Aluminum Foil Sealing Machine Market Challenges
9.4 Automatic Aluminum Foil Sealing Machine Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer