The Challenge - A leading client based in Mumbai partnered with the team of Business Development Bureau India Private Limited to evaluate the market potential, growth and expansion opportunities including identification of new markets within the very specialized refrigeration compressor oil applications for R134a refrigerant, into which the company could expand. The company was a bit apprehensive before launching its product, not knowing whether the market would accept the product or not and what the customers’ expectations were from the product.
In addition, the client sought BDB's assistance in identifying new business opportunities for them as well as helping them through their vendor approval system.
The Process - In order to meet this challenge, our experts leveraged our established reputation for analyzing the refrigeration compressor oil industry, identifying the key end users and market potential for the client.
Additionally, BDB also developed refrigeration compressor oil market forecasts, extrapolated over the next three years.
Research Measurements - BDB completed a customized consulting project to identify the following information: key marketers and market shares, typical revenues, identification of specific opportunities and growth potential for the target markets.
The ultimate recommendations were based on the following factors:
- Market analysis consisting of key market shares
- Market forecast
- Key barriers for a new entrant
- Identification of new business opportunities
- Formulating market entry strategies
Results - Based on our research and our comprehensively tailored business strategy, the company was able to effectively target the specific markets with the greatest potential for success. They successfully entered the refrigeration compressor oil market. Additionally, the company was able to identify new business opportunities and BDB assisted them through the vendor approval process of some of their largest clients in India.
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