Market Analysis Step 3: Identify Market Trends and Growth Rate
Posted: Sun Jan 19, 2025 4:21 am
You should not stop once you have identified the market size, as it is never constant. Market growth and trends are essential data that you should constantly review to adjust your business and marketing strategies.
What Are the Market Growth Trends?
Market growth refers to an increase in market size or buy israel number database overall sales within a given niche over a certain period of time.
To estimate market growth, you can look at indicators such as the year-over-year industry trend, changes in the number of customers, and the number of completed purchases per customer (internal or industry report data only).
Let's look at an example of the apparel and fashion industry using Market Explorer. Here is the market summary for May 2022.
What Are the Market Growth Trends?
Market growth refers to an increase in market size or buy israel number database overall sales within a given niche over a certain period of time.
To estimate market growth, you can look at indicators such as the year-over-year industry trend, changes in the number of customers, and the number of completed purchases per customer (internal or industry report data only).
Let's look at an example of the apparel and fashion industry using Market Explorer. Here is the market summary for May 2022.