New market sectors - how do we understand them?

A checklist of key items to cover off when trying to understand new and unfamiliar market sectors.

New Market Sectors - how do we understand them?

Basic facts:

  • Definition:

    • How is the sector defined?
    • By the competitors within it?
    • By consumers, retailers, etc?
     
  • Size:

    • How large is the sector?
    • What's its value, volume/quantity, penetration etc?
     
  • Trends:

    • What's the trend in the market (value, volume, penetration)?
     
  • Key players:

    • What are the main manufacturers/suppliers and brands involved?
    • What are the major shares of the market?
    • What significant share trends are there?
     
  • Status & development:

    • What is the technical status of the market in terms of product development and technical advance?
    • Is there constant major innovation,...

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