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What factors influence market growth?

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Question ajoutée par Sashikanta Mohapatra , Manager - Business Development/Sales Process Deployment , Vodafone Spacetel Limited
Date de publication: 2015/07/08
Maria Cecilia Arsenal
par Maria Cecilia Arsenal , Bookkeeper , Archor Lending Services, Inc.

The Demand and Supplies influence market growth.

Vinod Jetley
par Vinod Jetley , Assistant General Manager , State Bank of India

Factors affecting growth of markets  are:

1. The demand of different goods and services affects the growth of market..if ther e is a increase in demand of goods & services only then there will be an increase or expansion of market ..markets increase if there is a increasing demand for goods and services. to cope up with this increase the markets tend to grow.2. Introduction of new goods and services in market also helps in growing the market. 3. Also as the number of sellers or we can also say the companies producing goods or offering services increase ..there will be automatically an increase in markets or we can say growth in market.

Irfan Ansari
par Irfan Ansari , Sales Lead , Emirates National Food Co.

Market growth is influenced by many factors such as

  • stable economy
  • Purchasing power Parity
  • Govt. policies
  • Products
  • Population
  • competition,
  • Invention & Innovation
  • Demand & Supply
  • Services

 

I hope these points are self explanatory.

 

Aida Abdelaal
par Aida Abdelaal , key account manager , Küçükçalık Group

I think identifying customers' needs is the key, then and based on this,  producing more and expanding.

Muhammad Yousaf
par Muhammad Yousaf , Director , Zia Saeed & Co. Pvt. Limited

Market growth is affected by numerous factors. For example a law has been passed by the parliament to restrict the use of certain products.  There could be a social reason, society may have abstaining from the products that may harm the morality.  Religion may have described it confronting some religious values.  Substitutes may have hampered the usage of the products.  All these factors affect the market adversely.

Ajay Nagar
par Ajay Nagar , Senior Cameraman , Free Lancer ,TVI Channel ,StarNews

Quality and price but again we have to target the buyer. Lower income, Middle income or higher income group. Maruti Alto is for lower income group but BMW is for rich people. It is very important for manufacturers to know.

Amit Srivastava
par Amit Srivastava , Dy. General Manager (Northern Region) , M/s Kirloskar Pneumatic Co. Ltd.

Following Factors influence Market Growth :

1. Demand Supply Ratio

2. Introuction of New Product 

3. Technology Upgradation

4. Special Discount Scheme

5. Better After Sales Service

6. Replacement of Old Product by New One.

7. Sale on EMI Scheme at 0% Interest

Kader Hasan Maraicar
par Kader Hasan Maraicar , Executive Assistant , Noor Enterprises

Demand influence the market growth;

if no demand, a demand has to be created!

 

 

 

sagar uparkar
par sagar uparkar , Manager , Icici Bank

Hi Shashikanta,

Good evening. In my opinion, the below mentioned factors affect on the market growth,

1. International trades, which impacts on the fuel cost. Since, it is the basic ingredient of any product. if it raise then your product cost will raise, since manufacturing cost increased, transportation cost increase. It consequently impact on less sales. Which coarse company to offer more discounts.

2.Household income, if previously there was one member in the family who was earning, but now there are four member in the family, then there will be more need of product, since buying power increased.

3.Taxes and duties, since government earn their income by levying taxes and duties on the product, if it increased which ultimately increase the cost of product and drop in the sales.

4.Demand and supply, the customer's needs play an important role, albeit there is potential market of buyer but for the product demand is less then that product's sales will dropped.

5.Market Competitors and market strength, since, competition opens doors for customer to be choosy which lead to offer discounts on product to allure customer. Also, sometimes strength of the market is too high and it can absorb all product very well.

 

6.Technology, last not least. Since, it is the one of the most important factor which can change every person's point of view. Since, people are always allure to those things which are new, which is current appetite of the new world.

Khaled Anwar
par Khaled Anwar , Senior Sales Engineer , "Automotive company''

I agree with Mr. Vinod Jetley  good answer. Thank you.

Kishor Vadher
par Kishor Vadher , Sales Manager , Hausstrom ltd. Lagos

I think need is basic thing to identify market and if there is not need then create the need to the customer and make it market and saw the USP of the same so it will create demand.

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