Market structure illustration
It is also a useful start point for establishing the overall size of the market and relative market share of the competition. A good start point is to separate end users, distribution channels and equipment manufacturers:
Effective segmentation can indicate gaps in the market and provides insights into the requirements of different types of users, enabling potential product offerings to be carefully positioned to meet those needs.
Who are the suppliers of original equipment in the market? Who are the key manufacturers in the different territories?
How is the equipment distributed to the end users? Is it sold via agents or stores? Do the end users hire the equipment?
Who are the end users and which distribution channels do they use?
The illustration should be drawn to represent the global market and if appropriate, separate supporting pictures for each geographic region. Where possible, add data such as market share, size and growth rates.
Can be a good starting point when not much is known about a market. It can be of great benefit to visualise complex relationships between distributors, manufacturers and end users.
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