How to Better Understand Your Market and Improve Your Business Using Market Research

You don’t know what you don’t know. One of the reasons a business seeks out market research is to help stakeholders identify those unknowns — about the markets in which the company participates, about how its competitors operate, and about its own position in the industry — in order to make strategic adjustments that will grow the business.

Topics: Market Research Strategy Custom Market Research How To's

Primary Data vs. Secondary Data: Market Research Methods

The sources of data that we use to make key decisions are more important than ever. 

Topics: Market Research Strategy Custom Market Research The Freedonia Group

How Custom Market Research Can Help You Make Strategic Decisions

Many companies rely on syndicated market research reports to gain important insights into a variety of industries, but sometimes a more tailored approach — known as custom market research — is needed for strategic decision-making.

Topics: Market Research Strategy Custom Market Research How To's

What Is Industry Value Chain Analysis?

Generally speaking, value chain analysis typically includes two types of ventures:

  • Firm value chain analysis (often referred to as Porter Value Chain Analysis) examines internal company practices and their optimization relative to creating value for customers.
  • Industry value chain analysis involves examining the various stages of a product’s production, from raw material procurement all the way through the final purchase by end-users.
Topics: Market Research Strategy Custom Market Research How To's

When to Consider Custom Market Research

In today’s rapidly evolving world, organizations must recognize new opportunities and threats and adapt quickly.

In order to stay ahead and make the right decisions, it is critical to turn to an objective third-party for industry analysis. Syndicated market research reports are a cost-effective option, but they may not always be specific enough to meet your needs — especially during high-stakes, "make or break" moments. Custom market research studies offer a more tailored solution to meet your unique objectives, and provide the information needed to make important decisions with confidence.

Topics: Market Research Strategy Market Research Provider Custom Market Research

Freedonia's Capabilities: Market Sizing with Competitive Landscape

Among all of the services and capabilities we offer at Freedonia Custom Research, the most common are market sizing and competitive landscape studies. Important strategic decisions rely on valid data and clear market analysis. Clients come to Freedonia for our reliable and trustworthy market research process and our high level of collaboration. 

These services and capabilities include:

Topics: Market Research Strategy Market Research Provider Custom Market Research The Freedonia Group

Ways to Present Simple and Complex Data

In our data-driven age, are you searching for ways to present your story in a concise way? With more quantitative or qualitative data than ever, the ability to visualize your insights effectively is a critical skill.

We’re here to help you summarize and display information in a clear, understandable format. When presenting data analyses, you have the choice of bar and pie charts, line graphs, and frequency distribution tables, just to name a few. The table below explains these three types of data presentation styles and includes some tips to help you make the most of each format.

Topics: Market Research Strategy Custom Market Research The Freedonia Group

Need Reliable Information on the Chinese Market? We Can Help.

Once heralded as an economic miracle, the Chinese economy continues to slow from its torrid growth during the early part of this decade and last decade. Although officially reported economic figures still reflect a growth rate multiples higher than those of western economies, it has become more and more apparent to business managers and leaders that the economic reality on the ground paints a different picture.

Topics: Emerging Markets Market Research Provider Custom Market Research The Freedonia Group

US Building and Construction Markets Continue Steady Gains

Both residential and nonresidential construction markets are on solid footing, and steady gains can be expected over the next 12 to 18 months. In 2016, year-to-date new home sales are up 9 percent and existing home sales are up about 5.5 percent, according the latest US Census and National Realtors Association.

Furthermore, housing prices are trending upwards and have increased 5 to 6 percent compared to the same period the year before.[1] The US Census indicated in May that the residential housing market was on pace for about 1.164 million starts for 2016, while Freedonia anticipates new residential housing starts will ultimately reach above 1.2 million for the year. In addition, home builder confidence has remained positive throughout all of 2016.[2]

Topics: Materials & Chemicals Manufacturing & Construction Custom Market Research Industry Insights Heavy Industry The Freedonia Group

Winning Differentiation Strategies

In our last blog post, we discussed six ways to differentiate your business from the competition, including product, service, distribution, relationship, image/reputation, and price. We noted that some differentiation strategies are more impactful for businesses than others.

To demonstrate how this plays out in practice, let’s look at some survey data which will help to identify winning differentiation strategies. Based on our survey analysis, one of these areas of differentiation is more powerful than any of the others — by a huge margin.

Topics: Market Research Strategy Custom Market Research