Business Expansion
Market research for business expansion involves analyzing market trends, customer preferences, competitive landscapes, and potential risks to identify growth opportunities. It helps businesses make data-driven decisions on new markets, product launches, pricing strategies, and customer acquisition.
Market Research Plan
Evolve Market Research follows an organized path to provide a comprehensive report for your potential expansion. This strategy includes:
-
Secondary Data Collection: market size, trends, industry data from available reports.
-
Primary Research: engaging with consumers, suppliers, or local experts via professionally designed questionnaires.
-
GIS & Logistics Data: evaluate physical location demand and cost.
-
Competitor Benchmarking: identify expansion strategies, partnership, and pricing.
-
Assess Risks & Barriers: identify regulatory, supply chain, and economic factors of expansion.
Resources
Evolve Market Research identifies the most relevant and quality resources based on individual project and industrial needs. Generally, these resources will include:
-
Industry and Market Reports: for industry/market trends
-
Trade Associations & Government Sources: for trends related to trade or other economic indicators
-
Competitive Intelligence & Benchmarking: to understand competitors
-
Site Selection & Warehouse Data: for physical space identification​
-
Customer & Demand Analysis: to understand market demands
-
Local Economic Development Agencies: for business growth insights and incentives
Summary Reports
Evolve Market Research transforms data from all research methodologies into clear, insightful summary reports.
Our reports deliver concise findings with optimized visualizations, making complex data easy to understand.
Each report includes an executive summary, highlights key insights, and provides strategic recommendations to drive informed decision-making.
