Market potential analysis for new machinery

Key benefits: Ability to make informed investment based on market potential and development estimates , and to formulate business strategy based on attractiveness analysis

Need

Company supplying hi-tech engineering solutions needed a reliable market assessment to determine the potential to introduce a new machine, and identify the best route to market strategy for the product.

Application: Strategic Planning

Geography: Southern Africa

Approach

Expert interviews enabled estimating the market potential for the product in the targeted industry. Secondary research was conducted to validate the findings.

Methods: Secondary research and expert interviews across various areas.

Solution

A comprehensive analysis of the potential market was delivered to the customer and a detailed route to market strategy was developed to ensure success.

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