Hello everyone!
How would you estimate the number of umbrella sold in one year in the US?
Thanks
Hello everyone!
How would you estimate the number of umbrella sold in one year in the US?
Thanks
Hi,
One approach is highlighted below :
Few things to remember when sizing this market
Hi,
I would approach it with a household perspective:
- umbrellas per household
- life of umbrellas
- umbrellas purchased because forgotten at home
- umbrellas purchased in the US by foreigners (tourists, businessmen)
Best,
Antonello
Hello,
In addition to suggested approaches I would also mention the possibility to consider the number of umbrella sold to tourists.
Even if tourists are low compared to US population, It could be significant number since they have to buy a new one (if needed) without considering the average life of an umbrella.
Best,
Luca
Hi there!
A similar question has been asked before in our Consulting Q&A. Have a look at this thread: Market size of Umbrellas in Italy. How to better approach it?
The approaches mentioned by our experts will help you to solve this market sizing question!
Hope this helps.
Best wishes for your case prep,
Christine
PrepLounge Community Management
Hello!
Search in the Q&A "market sizing" if you are struggling with these type of problems, since there are plenty with commented solutions for you to practice.
Cheers,
Clara
Hi,
Best
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