LONDON–(BUSINESS WIRE)–Infiniti Research is the world’s leading independent provider of strategic market intelligence solutions. Our market intelligence services are designed to connect your organization’s goals with global opportunities. Today’s competitive business environment demands in-depth, accurate, and reliable business information to ensure that companies gain a strong foothold in domestic or foreign markets. Our global industry specialist teams ensure the international consistency of our research, enabling powerful access to the real story behind market changes. Request a complimentary proposal for more insights into our solutions portfolio.
The electric vehicle (EV) market has experienced rapid growth due to several global trends. Increasing city regulations, decline in lithium-ion battery prices, and high electric vehicle demand in developing countries are expected to drive the growth of the global electric vehicle market. On the flip side, increasing reliance on imported components and parts, inadequate electricity supply for charging, and lack of quality maintenance and repair systems are increasing challenges for companies operating in the electric vehicle market. Owing to such challenges, companies in the electric vehicle market are in the need to rethink their existing business models and seize lucrative business opportunities.
Challenge: The client is an electric vehicle manufacturer and supplier based out of the United Kingdom. As the electric vehicle market was becoming highly saturated, the client wanted to expand their operations to other profitable markets. The client chose to expand their business operations to the United States. However, lack of charging infrastructure, high price of automotive parts, and evolving policies made it difficult for the client to expand their operations to the US. The client, therefore, approached the experts at Infiniti Research to leverage their expertise in offering market intelligence solution.
As governments begin to ease restrictions, players in the electric vehicle market will need to strengthen capital efficiency and prepare for the post-COVID-19 era. Contact us to learn how our business continuity solutions can help electric vehicle manufacturers to emerge stronger in the next half of 2020.
Business impact of the market intelligence solution for the electric vehicle market client:
The insights obtained from Infiniti’s market intelligence engagement helped the client to thoroughly analyze the US electric vehicle market changes and industry developments. Also, the client was able to consistently predict product demand or price movements.
By leveraging Infiniti’s market intelligence solution, the client was also able to:
- Understand how the top companies in the US electric vehicle market tackled the rising industry challenges and managed to adapt to price fluctuations
- Identify the cost-effective technologies and processes undertaken by their competitors to enhance product efficiency
- Partner with a third-party service provider to limit the costs and risks associated with setting up a new service station in the US
- Establish their operations in the US electric vehicle market
- Exceed their sales expectation and increase profit margins by 29%
More than half of electric vehicle manufacturers expect their revenues to decline in the second quarter of 2020 due to the COVID-19 crisis. Request more info to learn how we can help electric vehicle manufacturers to ensure business continuity and succeed in the long run.
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