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The Market |
| The
[industry in-which you operate]
industry is worth approximately £[industry
value] per year. The [sector
in-which you operate] sector
represents [share]% of the entire market.
The industry is projected to grow by [%growth]%
over the next [timescale]. This expected
growth is due to [reasons for
growth].
We have sourced this information from [source of data]. We selected [source of data] because [detail reason for selection]. They conducted their research by [detail how research was conducted]. 's typical customer is [describe typical customer]. Customers purchase on average [number of products] products per [period of time] spending £[amount]. In future we hope to attract [potential customer profile] through [adjustments to our marketing strategy / diversification / relocation / expansion]. Presently has [number] competitors. The most significant being [Competitor], who has a market share of [%share]%. The market share of our competitors is [decreasing/increasing/unlikely to change]. also faces indirect competition from [Competitor], who has affected sales by [launching/changing perceptions/innovation in technology] which is encouraging our traditional customer to [re-direct spending]. We will minimise the threats to our market share by [increasing quality/decreasing marginal costs/increasing service/value]. Our customer profile was compiled by [agency/our own staff - detail reasons for using either]. Our research consisted of [detail methods]. The research showed [detail findings - market needs, perceptions]. A detailed summary of the research, including questionnaires, is attached as Appendix [appendix]. There are certain external influences that may have an effect on our business, namely [outline external factors]. Therefore we intend to [outline plans to minimise threats/take advantage of opportunities].
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