Market Analysis

You might also like

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 2

Market Analysis:

The market for generators in the Philippines is driven by frequent power outages caused
by natural disasters and an unreliable power grid. According to a report by Mordor
Intelligence, the generator market in the Philippines is expected to grow at a CAGR of
5.5% from 2020 to 2025. This presents a significant opportunity for our product.

Competitor Analysis:

Our main competitors in the generator market in the Philippines include Honda,
Yamaha, and Generac. These companies have strong brand recognition and offer a wide
range of generator products. Our product is priced at P 68, 000, which is higher than
many of our competitors. However, our product offers advanced features and a higher
level of durability. Renewable energy station integration and operation of wind, solar,
and pico-pydro power systems as power generation demonstration protect for bs
electrical engineering and senior high school stem students.

Sales Forecasting Methodology:

We will use a combination of qualitative and quantitative methods to forecast sales.

Qualitative methods involve obtaining expert opinions or insights from consumers, sales
representatives, or industry experts. We will conduct surveys and focus groups with
potential customers to understand their preferences, buying habits, and reasons for
purchasing a generator. We will also consult with our sales representatives to obtain
their insights on market trends, customer behavior, and competitor activity.

Quantitative methods involve analyzing historical data and statistical models to forecast
future sales. We will use time-series analysis and regression analysis to analyze historical
sales data and identify trends and patterns. We will also use external factors such as
population growth, GDP growth, and natural disasters to predict future sales.

Sales Forecasts:

Based on our market and competitor analysis and sales forecasting methodology, we
project the following sales forecasts:

 Year 1: 500 units


 Year 2: 750 units
 Year 3: 1000 units
Risk Analysis:

There are several potential risks that could impact our sales forecasts. These include
increased competition from existing players or new entrants, changes in the market or
economy, and changes in consumer preferences. To mitigate these risks, we will
continue to monitor market trends and adjust our sales strategy as needed. We will also
focus on building customer loyalty through exceptional customer service and quality
products.

Financial Analysis:

Assuming a sales price of $1360 per unit, our projected revenue for the first three years
of operation would be as follows:

 Year 1: $680,000
 Year 2: $1.02 million
 Year 3: $1.36 million

We anticipate that our gross profit margin will be approximately 35%, which will allow
us to cover our operating expenses and generate a net profit. We will also invest in
marketing and advertising to increase brand awareness and drive sales

You might also like