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Sample of Business Market Analysis
Sample of Business Market Analysis
While the two groups share the same interest in foosball, they are distinct groups and
each one will need to be reached via different methods. Foosball Hall participates within
the general pool hall industry, businesses that offer beer and pool typically. The foosball
parlor industry is too small and new to have its own industry classification. While
foosball is a very popular table game, there are just not enough foosball dedicated halls
to have its own industry. Here lies the attractiveness of the industry, most of the foosball
playing occurs on college campuses, there are few outside establishments that offer a
pool-like foosball hall.
Foosball Hall has identified two distinct customer segments that they will target:
Casual players
This segment is typically made up of college men who enjoy playing foosball with their
colleagues. This group of individuals typically plays to pass time and have fun as
opposed to playing at a competitive level in tournaments. Characteristics of the
individuals that make up this group are:
Competitive players
This group plays to win. Foosball is not about a fun way to pass time but a serious
game at which they work hard, developing competitive skills. This group is far smaller
but the individuals are active participants. There are two different manufacturer based
associations for foosball and numerous different player based associations. In fact, as a
testament to the level of seriousness, size and participation levels of these players,
almost all states in the U.S. have their own associations. It is this group of people that
will be the most active participants in the offered tournaments.
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Foosball Hall will successfully target two distinct segments of the market. While both
groups play foosball, the reasons that they play are different. Understanding this will
help Foosball Hall accurately target the specific group. The first group while smaller in
size is far more organized and will therefore be much easier to reach. Although
seriously competitive players are growing in number, it is a select group of people that
compete in foosball. With the advent of the Internet, this group has become quite
organized in terms of associations, tournaments, and general awareness of each other.
This being said, it is easy to reach this group through advertisements and networking
with the different associations. The competitive players are always looking for new
places to play, there are generally not enough tables to accommodate them. This will be
the easiest group to reach. This group is talkative amongst themselves and always
looking for new places and new tournaments.
The casual players will be more difficult to target. This group of people comes from a
fairly large cross section of the population, people that like some sort of table game
while they hang out with friends and drink beer. The obvious group to try to reach are
college students. Madison was chosen in part because of its population of foosball
players as well as the huge student population to draw off of. Students are the perfect
segment of the population that likes to drink, play games, has disposable income, and
has extra time for leisure activities. Additionally, foosball is a social game that requires
two- four players. Even beyond the requirement for multiple players, when people play
foosball it is typically in a social setting with socializing occurring during play. While
there are some other casual players, most are or recently were college students.
There are few commercial playing areas for foosball. Most foosball tables reside in
private settings, either a home, fraternity house, etc. The real competitor in terms of
industry are pool halls. While the games themselves are not similar, the reason people
play and the type of people that play are quite similar. As mentioned previously, people
play either as a source of game competition, or they play as a way to have fun and
socialize. The users are quite similar as well, however, pool tends to attract an older
crowd, or at least some older people. The pool hall/ table game hall industry operates
primarily by selling beer and alcoholic beverages. Food and fountain drinks generate
supplemental income. Most business occurs in the evening/ night time, as people use
the occasions as a way to relax.
Pool Halls
The pool halls are the alternative places, other than typical bars, that people go to to
socialize and play games to pass the time. There are many different pool halls that
serve the Madison student population. They are typically grouped by some sort of
theme, maybe concentrating on the lower price point beer selection, maybe on the
music, sometimes on the quality of the pool and billiards tables (typically a function of
the skill level of the players and the use of the tables for tournaments). The pool halls
are competitors for the casual players, people that are playing as a way to socialize,
have fun, and pass the time.
Foosball Tournaments
Currently, the several tournaments that are held for the Madison area players take place
in a community center recreation room that has six tables. There are no other public or
semi-public areas that have more than a couple of tables available for play. So while the
community center will still have tournaments, the facilities at Foosball Hall will be nicer
and have more things to offer such as food and beer. By virtue of more and
better tables, Foosball Hall will be able to attract plenty of people for the tournaments.
Indirect competition comes from other evening recreation activities, such as bars,
movies, theatres, bowling alleys, etc.