Infiniti Research, a leading market intelligence solutions provider, has recently announced the completion of its latest success story on market intelligence engagement. This success story highlights how the experts at Infiniti Research helped an electric vehicle market client limit the costs and risks associated with setting up a new service station in the US and increase profits by 29%.
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The decline in the prices for lithium-ion battery and rising demand for electric vehicles in developing countries are expected to foster the growth of the global electric vehicle market in the coming years. However, the industry is not completely free of challenges. The increasing reliance on imported components and parts, inadequate electricity supply for charging, and lack of quality maintenance and repair systems are increasing challenges for electric vehicle manufacturers. Owing to such challenges, companies in the electric vehicle market are in the need to re-think the way they operate and seize profitable opportunities offered by digital technologies.
Recent studies show that around 70% of companies in the electric vehicle market have adopted a customer-centric business model. So, have you revamped your traditional business model to meet the need of your customer segments? If not, our market intelligence experts can help. Request a free proposal
Business Challenges Faced
An electric vehicle manufacturing firm based out of the United Kingdom wanted to devise a sound market entry strategy to enter the US electric vehicle market. They chose to partner with Infiniti Research to leverage their expertise in offering market intelligence solution. With Infiniti's market intelligence engagement, they wanted to gather detailed insights into the top electric vehicle manufacturers in the US, analyze price fluctuations, understand customers' demands, and keep pace with the changing policies and regulations.
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Our integrated approach and solutions offered
To help the client tackle the above-mentioned challenges and expand their operations to the US, the experts at Infiniti Research used a combination of market opportunity, competitive intelligence, customer intelligence, market entry, and technology assessment study. The experts also gathered insights into the current market scenario, analyzed competitors' offerings, and identified the best route to the market.
Infiniti's market intelligence solution helped the client to:
- Consistently predict price fluctuations and track industry developments.
- Thoroughly analyze their competitors' product offerings and identify areas that need improvement
- Identify the cost-effective technologies gaining popularity in the US electric vehicle market
- Limit the costs and risks associated with setting up a new service station in the US
- Increase profit margins by 29% within two years
Want more insights on this engagement? Request more info and our analysts will get in touch with you.
Read the complete success story for comprehensive insights: Examining Market Opportunities and Industry Challenges in the US Electric Vehicle Market Using Market Intelligence Engagement
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us
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Contacts:
Infiniti Research
Anirban Choudhury
Marketing Manager
US: +1 844 778 0600
UK: +44 203 893 3400
https://www.infinitiresearch.com/contact-us
