Consulting Q&A – Ask Questions about Your Career

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How many Starbucks stores are in the US? Market Sizing

market estimation Market sizing
Question edited on Jan 04, 2024
The best answer (on Jan 04, 2024) is from:
Pedro
Expert
30% off in March 2024 | Bain | EY-Parthenon | Roland Berger | Market Sizing | DARDEN MBA
Pedro
Expert
gave the best answer on Jan 04, 2024
30% off in March 2024 | Bain | EY-Parthenon | Roland Berger | Market Sizing | DARDEN MBA
Using this approach or not depends on whether you need something quickly vs. having a full interview focused on market sizing. Here's the quick approach (for a quick estimation, or to quickly test an estimation you have ... (read entire answer)
2
Answers
3.9 k
Views
35
Total Upvotes
on Jan 04, 2024 on Jan 04, 2024
Last Activity

Size of the second hand car market in the US

market estimation market size Market sizing
Most recent answer on Oct 17, 2023
The best answer (on Oct 17, 2023) is from:
Raj
Expert
FREE 15MIN CONSULTATION | #1 Strategy& / OW coach | >70 5* reviews |90% offers ⇨ prep-success.super.site | MENA, DE, UK
Raj
Expert
gave the best answer on Oct 17, 2023
FREE 15MIN CONSULTATION | #1 Strategy& / OW coach | >70 5* reviews |90% offers ⇨ prep-success.super.site | MENA, DE, UK
Define the market scope: Clarify whether you are referring to the entire second-hand car market or a specific segment, such as passenger cars or commercial vehicles. Identify key variables: Total population: Determine t ... (read entire answer)
4
Answers
1.1 k
Views
52
Total Upvotes
on Oct 17, 2023 on Oct 17, 2023
Last Activity

Market size of pill reducing sleep requirement

Experts market estimation Market sizing
Question edited on Jun 23, 2023
The best answer (on Jun 24, 2018) is from:
Vlad
Expert
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
Vlad
Expert
gave the best answer on Jun 24, 2018
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
Hi, The worst thing you can do in that case - rush into calculating the market sie without identifying the future of the product. First of all, I would ask the interviewer if there is any specific segment that we wo ... (read entire answer)
2
Answers
2.8 k
Views
22
Total Upvotes
on Jun 23, 2023 on Jun 23, 2023
Last Activity

market for cannabis in Germany

brainteaser estimation market estimation Market sizing
Most recent answer on Apr 16, 2023
The best answer (on Apr 16, 2023) is from:
Ian
Expert
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Ian
Expert
gave the best answer on Apr 16, 2023
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, About a 6 out of 10 here. #1 Thing Missing: HOW you got to these numbers. You need to make sure you are never guessing for numbers. Rather, you are making estimates based on your knowledge of the world. So: Ho ... (read entire answer)
3
Answers
697
Views
23
Total Upvotes
on Apr 16, 2023 on Apr 16, 2023
Last Activity

Estimate the sales in volume of instant coffee in UK for the next 4 years

estimation Guessestimation market estimation
Most recent answer on Mar 13, 2023
The best answer (on Sep 16, 2018) is from:
Angelo
Angelo gave the best answer on Sep 16, 2018
Hi, I think that the correlation to GDP is a good point but it is not the only factor. Try to develop the problem by using more Marketing notions (customer segments, competition, trends for each factor etc.).
4
Answers
2.5 k
Views
27
Total Upvotes
on Mar 13, 2023 on Mar 13, 2023
Last Activity

How should I approach "Estimate the size of the market for student loans"?

market estimation Market sizing
Question edited on Jun 20, 2021
The best answer (on Jun 20, 2021) is from:
Ian
Expert
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Ian
Expert
gave the best answer on Jun 20, 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, The best way to learn is by doing :) Post your approach here and we can provide feedback! Remember that there's rarely a "best" answer with market sizing. What's important is that you break down the proble ... (read entire answer)
3
Answers
1.3 k
Views
39
Total Upvotes
on Jun 20, 2021 on Jun 20, 2021
Last Activity

Market estimation: how to react if uncertain of the revenue source?

market estimation
Most recent answer on Jun 01, 2021
The best answer (on May 30, 2021) is from:
Francesco
Expert
#1 Coach for Sessions (4.000+) | 1.500+ 5-Star Reviews | Proven Success (➡ InterviewOffers.com) | Ex BCG | 10Y+ Coaching
Francesco
Expert
gave the best answer on May 30, 2021
#1 Coach for Sessions (4.000+) | 1.500+ 5-Star Reviews | Proven Success (➡ InterviewOffers.com) | Ex BCG | 10Y+ Coaching
Hi there, Definitely better to clarify revenue streams upfront rather than guessing or missing an important one. If you are not sure, you may phrase like this: “My understanding is that the main revenue streams in t ... (read entire answer)
2
Answers
680
Views
14
Total Upvotes
on Jun 01, 2021 on Jun 01, 2021
Last Activity

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

estimation market sizing market estimation Market sizing market sizing assumptions marketsizing
Most recent answer on Apr 04, 2021
The best answer (on Apr 04, 2021) is from:
Clara
Expert
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
Clara
Expert
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)
1
Answer
905
Views
13
Total Upvotes
on Apr 04, 2021 on Apr 04, 2021
Last Activity

How to estimate market penetration rate in reality?

estimation market sizing market estimation Market penetration Market research
Most recent answer on Mar 17, 2021
The best answer (on Mar 16, 2021) is from:
Denis
Expert
Goldman Sachs Investment Banker NYC | Ex-Bain 5 yrs| MBA Chicago Booth | Passed > 13 MBB > 20 IB interviews
Denis
Expert
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)
4
Answers
1.1 k
Views
52
Total Upvotes
on Mar 17, 2021 on Mar 17, 2021
Last Activity

Market Sizing Question: Number of Swimming pool in the UK and Hospital Revenue in London

guess-estimates market estimation Market sizing
Most recent answer on Jan 08, 2021
Anonymous gave the best answer on May 31, 2018
Hey there For swimming pools Total Pools = # Private Pools + # Public Pools # Private Pools = No. Households who can afford a pool x % Live in A House x % With Pools # Public Pools = Total Population without Poo ... (read entire answer)
4
Answers
9.7 k
Views
8
Total Upvotes
on Jan 08, 2021 on Jan 08, 2021
Last Activity

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

case interview preparation estimation market sizing market estimation Market sizing
Most recent answer on Dec 21, 2020
The best answer (on Aug 26, 2021) is from:
Ian
Expert
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Ian
Expert
gave the best answer on Aug 26, 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
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)
5
Answers
4.7 k
Views
13
Total Upvotes
on Dec 21, 2020 on Dec 21, 2020
Last Activity

How would go about market sizing the number of baseball bats that are sold yearly in the US?

market estimation Market sizing
Most recent answer on Sep 11, 2020
Anonymous gave the best answer on Sep 11, 2020
After clarifying the problem. You can approach this situation with 2 variables: The percent of people who play baseall in the US; The average life span of a baseball bat.
1
Answer
1.9 k
Views
1
Total Upvotes
on Sep 11, 2020 on Sep 11, 2020
Last Activity

How to estimate 4G and 5G revenue

guess-estimates market estimation revenue model
Most recent answer on Aug 13, 2020
Anonymous A asked on Aug 12, 2020
As 5G is a big buzz right now in the market, how will we go about estimating 4G and 5G revenue in any country?
1
Answer
1.1 k
Views
0
Total Upvotes
on Aug 13, 2020 on Aug 13, 2020
Last Activity

How to capitalise untapped market?

Market analysis market estimation market size
Most recent answer on Jul 17, 2020
The best answer (on Jul 15, 2020) is from:
Axel
Expert
Bain Consultant | Interviewer for 3 years at Bain |Passionate about coaching |I will make you a case interview Rockstar
Axel
Expert
gave the best answer on Jul 15, 2020
Bain Consultant | Interviewer for 3 years at Bain |Passionate about coaching |I will make you a case interview Rockstar
Hi, In order to answer this question you would need to have a better understanding of the segmentation of the market: - Are there product categories that are untapped and attractive? - Are there customer segments ... (read entire answer)
3
Answers
1.2 k
Views
13
Total Upvotes
on Jul 17, 2020 on Jul 17, 2020
Last Activity

Estimate the number of self-driving cars (SDC) needed for the US?

estimation Guesstimate market estimation Market sizing
Most recent answer on Jun 29, 2020
The best answer (on Mar 20, 2020) is from:
Daniel
Expert
McKinsey / ex-Interviewer at McKinsey / I will coach you to rock those interviews
Daniel
Expert
gave the best answer on Mar 20, 2020
McKinsey / ex-Interviewer at McKinsey / I will coach you to rock those interviews
Hi Piyush, I've read carefully all your assumptions, looks very good! In the real estimation within the case probably the second part would be left out (dividing demand by # of rides) because it becomes too cumbersome ... (read entire answer)
6
Answers
3.4 k
Views
12
Total Upvotes
on Jun 29, 2020 on Jun 29, 2020
Last Activity

Estimate the number of piano tuners in San Francisco?

estimation Guesstimate market estimation
Most recent answer on Apr 30, 2020
The best answer (on Apr 11, 2020) is from:
Clara
Expert
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
Clara
Expert
gave the best answer on Apr 11, 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
Hello! Overall agree, but you are focusing on the household markets and forgetting the "public" pianos (e.g., restaurants, music schools, concert halls, etc.) Cheers, Clara
3
Answers
3.0 k
Views
14
Total Upvotes
on Apr 30, 2020 on Apr 30, 2020
Last Activity

How many queries does Gmail get per day?

estimation market estimation Market sizing
Most recent answer on Feb 29, 2020
The best answer (on Feb 16, 2020) is from:
Antonello
Expert
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching
Antonello
Expert
gave the best answer on Feb 16, 2020
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching
Hi Piyush, I like your approach. The only thing you can improve is estimating also the number of active users on Gmail, by making assumptions on how many people use email service and the market share of Gmail (both per ... (read entire answer)
2
Answers
3.0 k
Views
3
Total Upvotes
on Feb 29, 2020 on Feb 29, 2020
Last Activity

Estimate the market size ($/year) for western wear in India today and five years from today. 

Case Interview market estimation
Question edited on Feb 29, 2020
The best answer (on Feb 28, 2020) is from:
Luca
Expert
BCG |NASA | SDA Bocconi & Cattolica partner | GMAT expert 780/800 score | 200+ students coached
Luca
Expert
gave the best answer on Feb 28, 2020
BCG |NASA | SDA Bocconi & Cattolica partner | GMAT expert 780/800 score | 200+ students coached
Hello, For the first part, I would approach the problem startin from the total Indian population. To do a forecast, you have to consider different factors: Increase of population buying western wear (e.g. if you d ... (read entire answer)
4
Answers
1.6 k
Views
3
Total Upvotes
on Feb 29, 2020 on Feb 29, 2020
Last Activity

Market sizing case

Market analysis market estimation market size Market sizing
Most recent answer on Jan 22, 2020
The best answer (on Jan 19, 2020) is from:
Luca
Expert
BCG |NASA | SDA Bocconi & Cattolica partner | GMAT expert 780/800 score | 200+ students coached
Luca
Expert
gave the best answer on Jan 19, 2020
BCG |NASA | SDA Bocconi & Cattolica partner | GMAT expert 780/800 score | 200+ students coached
Hello, You could approach the problem in 2 different ways: Estimating the number of hotels and airbnb apartments in Paris and their occupancy (then you can increase it by a small percentage to include people that ... (read entire answer)
3
Answers
2.1 k
Views
1
Total Upvotes
on Jan 22, 2020 on Jan 22, 2020
Last Activity

Mkt sizing - revenues of a bar in the center of London

market estimation Market sizing Revenue analysis
Most recent answer on Jan 21, 2020
The best answer (on Jan 18, 2020) is from:
Luca
Expert
BCG |NASA | SDA Bocconi & Cattolica partner | GMAT expert 780/800 score | 200+ students coached
Luca
Expert
gave the best answer on Jan 18, 2020
BCG |NASA | SDA Bocconi & Cattolica partner | GMAT expert 780/800 score | 200+ students coached
Hello, I would first of all asking if the bar has both tables (how many?) and counter service. I wouldn't worry too much about competition, since in the center of Lond it's fair to assume that you have enough demand. ... (read entire answer)
3
Answers
1.8 k
Views
2
Total Upvotes
on Jan 21, 2020 on Jan 21, 2020
Last Activity
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