estimation market sizing Questions & Answers

Market Sizing: Volume Versus Value

Depends on pricing structure: If there's only one price, then it's just multiplying the volume by the price. Done. If there are multiple prices, then you have to find a way to multiply those prices by their respective ... (read entire answer)

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on Apr 09, 2024 on Apr 09, 2024
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Market Sizing

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Most recent answer on Apr 04, 2024

gave the best answer on Apr 04, 2024

Nope! Exactly why you need clarifying questions :) Amount consumed = liters $ consumed = $ amount of all liters consumed Market = consumed AND exported MINUS imported…i.e. produced Be careful :) Answer: Population broke ... (read entire answer)

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on Apr 04, 2024 on Apr 04, 2024
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Market Sizing: How would you approach this case?

estimation market sizing Market sizing Market Sizing Beginner Level marketsizing

Question edited on Apr 02, 2024

gave the best answer on Apr 02, 2024

Hi there, You'll learn a lot more from this by trying it out yourself first! Why don't you post your approach here and we can provide commentary? Market Sizing Analysis: Approaches, Techniques, and Exercises Market Sizi ... (read entire answer)

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on Apr 02, 2024 on Apr 02, 2024
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Market sizing: Top-down and Bottom-up vs. Demand side and Supply side

estimation market sizing Market sizing MBB

Most recent answer on May 29, 2023

Emily

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Emily

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gave the best answer on May 25, 2023

300+ coached cases | Former McKinsey interviewer + recruiting lead| End-to-end prep in 2 weeks

Great question, and it's important to know the difference between these terms in market sizing. I'd be happy to provide some clarity on these concepts. Top-down and Bottom-up: Top-down approach: This method involves sta ... (read entire answer)

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on May 29, 2023 on May 29, 2023
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Market size calculation for school buses

estimation market sizing

Most recent answer on Jan 25, 2023

Hagen

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Hagen

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gave the best answer on Jan 25, 2023

#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years

Hi there, I think this is an interesting question that may be relevant for many people. I would be happy to share my thoughts on it: I agree with you that the calculation to estimate the market size is overcomplicated. ... (read entire answer)

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on Jan 25, 2023 on Jan 25, 2023
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Estimate the size of second hand furniture market in the USA

estimation market sizing guesstimation market

Most recent answer on Nov 08, 2022

gave the best answer on Sep 28, 2022

While I suggest reading through my answer on the used car market (https://www.preplounge.com/en/consulting-forum/size-of-the-second-hand-car-market-in-the-us-14555) there is a key difference here. While virtually every ... (read entire answer)

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41
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on Nov 08, 2022 on Nov 08, 2022
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Market Size Singapore Car Subscription

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Question edited on Apr 13, 2022

gave the best answer on Apr 13, 2022

Hi there, That's too simplified! You can't just take a random # out of the population and call it a day. Market sizing is about breaking the problem down into logical segments that move you from guessing towards estimat ... (read entire answer)

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on Apr 13, 2022 on Apr 13, 2022
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Market Sizing Questions: the market size of electric toothbrush in China

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Most recent answer on Jan 23, 2022

Hagen

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#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years

Hagen

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gave the best answer on Jan 06, 2022

#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years

Hi Ruizhi, First of all, it is great to see your consistency in finding out the solution to the question! This is indeed an interesting question which is probably relevant for quite a lot of users, so I am happy to prov ... (read entire answer)

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on Jan 23, 2022 on Jan 23, 2022
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Market sizing case on how many cactus in a country

estimation market sizing Market Sizing Beginner Level

Most recent answer on Nov 30, 2021

gave the best answer on Oct 05, 2021

It's very simple: Do the approach the is the easiest for you given the question. Are they asking you to estimate something where you don't even know where to begin from the top (maybe you have 0 clue as to the market si ... (read entire answer)

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on Nov 30, 2021 on Nov 30, 2021
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Number of first time mothers - market sizing

estimation market sizing

Most recent answer on Nov 02, 2021

gave the best answer on Nov 02, 2021

This is not a strong approach. 1. The major mistake is the following: you assume an average of children per woman, which is the same as assuming that EVERY woman will have 2 kids. In real life, you have a good level of ... (read entire answer)

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on Nov 02, 2021 on Nov 02, 2021
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Market Sizing

estimation market sizing

Most recent answer on Aug 17, 2021

Anonymous B gave the best answer on Aug 15, 2021

This is a neat question. I have an approach, but I'm not sure if it's optimal. We need: (a) # of markets in London This will be London pop. X (Markets/people) Finding the number of people served by a single market is ... (read entire answer)

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on Aug 17, 2021 on Aug 17, 2021
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Estimating # of couples

estimation market sizing

Most recent answer on Jun 29, 2021

Anonymous gave the best answer on Jun 29, 2021

Your approach seems to make sense for that particular age group. But this questions seems a bit too simple for an actual interview case. If I was an interviewer I would probably ask some follow up question. E.g. ... (read entire answer)

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on Jun 29, 2021 on Jun 29, 2021
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How many mattresses are used in hotels/ hospitals in X country?

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Most recent answer on Apr 27, 2021

gave the best answer on Apr 27, 2021

Hi there, You'll really get the best out of this exercise if you try it yourself. Why don't you post what you're thinking and we can help? Hint: Do you think this makes more sense top-down or bottom up? Gene ... (read entire answer)

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on Apr 27, 2021 on Apr 27, 2021
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market sizing: how much do asset management firms spend on 3rd party information each year?

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Most recent answer on Apr 04, 2021

Clara

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Clara

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gave the best answer on Apr 04, 2021

McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello! Overall, it looks good. I agree that some of the sub-questions (e.g., asset mangement firms, how many?) are not what so ever straightforward. In an interview, you would have the chance to ask and get guidanc ... (read entire answer)

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on Apr 04, 2021 on Apr 04, 2021
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How to estimate market share in reality?

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Most recent answer on Mar 17, 2021

gave the best answer on Mar 16, 2021

Hi Bowen, Two things: 1) I'm not quite clear what you're asking here? Do you want us to say good job? Or do you want feedback on a particular item? 2) Can you include more information about the case? Would help us ... (read entire answer)

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on Mar 17, 2021 on Mar 17, 2021
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How to estimate market penetration rate in reality?

estimation market sizing market estimation Market penetration Market research

Most recent answer on Mar 17, 2021

Denis

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Denis

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gave the best answer on Mar 16, 2021

Goldman Sachs Investment Banker NYC | Ex-Bain 5 yrs| MBA Chicago Booth | Passed > 13 MBB > 20 IB interviews

In my experience a mere exercise of triangulation: what are reports saying, what are industry experts saying in interviews or what is the client saying, does this align with the available top-line financial information. ... (read entire answer)

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on Mar 17, 2021 on Mar 17, 2021
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How would you go about calculating how many solar panels are used in a country ?

estimation market sizing

Most recent answer on Feb 28, 2021

Raj

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Raj

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gave the best answer on Feb 21, 2021

FREE 15MIN CONSULTATION | #1 Strategy& / OW coach | >70 5* reviews |90% offers ⇨ prep-success.super.site | MENA, DE, UK

There's a lot of great content on PrepLounge on how to structure a market sizing e.g. https://www.preplounge.com/en/consulting-forum/how-would-you-estimate-the-market-size-for-vegan-shampoos-in-the-uk-9150 https://w ... (read entire answer)

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on Feb 28, 2021 on Feb 28, 2021
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How would you go about this market sizing question: 'How many barbershops/hairdressers are there in the UK?'

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Most recent answer on Dec 21, 2020

gave the best answer on Aug 26, 2021

Hi there, Sorry to be so blunt, but you already failed at step 2. Remember, market sizing isn't about coming to the exact right answer insomuch as it's about assessing your ability to have structured thinking and abilit ... (read entire answer)

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on Dec 21, 2020 on Dec 21, 2020
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Market Sizing: in-store photo printing kiosk

estimation market sizing Market sizing MBB

Most recent answer on Dec 14, 2020

Anonymous gave the best answer on Dec 11, 2020

The implicit assumption that you're making is that every person living in SD visits a supermarket every day. If you assume that only 25-50% actually do shopping at all (often only 1 person per household) and then assume ... (read entire answer)

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6
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on Dec 14, 2020 on Dec 14, 2020
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How can we estimate the market size of the technology consulting industry?

estimation market sizing tech consulting

Most recent answer on Oct 09, 2020

Anonymous gave the best answer on Oct 08, 2020

I'm sure you've seen similar reports - but wouldn't this answer your questions? https://www.consultancy.org/consulting-industry/it-consulting Might at least be a start - then you can scale this down with the specifi ... (read entire answer)

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1.1 k
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14
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on Oct 09, 2020 on Oct 09, 2020
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Consulting Q&A – Ask Questions about Your Career

How does the Consulting Q&A work?

Market Sizing: Volume Versus Value

Market Sizing

Market Sizing: How would you approach this case?

Market sizing: Top-down and Bottom-up vs. Demand side and Supply side

Market size calculation for school buses

Estimate the size of second hand furniture market in the USA

Market Size Singapore Car Subscription

Market Sizing Questions: the market size of electric toothbrush in China

Market sizing case on how many cactus in a country

Number of first time mothers - market sizing

Market Sizing

Estimating # of couples

How many mattresses are used in hotels/ hospitals in X country?

market sizing: how much do asset management firms spend on 3rd party information each year?

How to estimate market share in reality?

How to estimate market penetration rate in reality?

How would you go about calculating how many solar panels are used in a country ?

How would you go about this market sizing question: 'How many barbershops/hairdressers are there in the UK?'

Market Sizing: in-store photo printing kiosk

How can we estimate the market size of the technology consulting industry?