Here are some tips for conducting industry research:
Identify the key players in the industry: This might include major companies, trade associations, and professional organizations.
Determine the size and growth potential of the industry: Look at market size, growth rate, and trends.
Understand the supply chain: Identify the key players at each stage of production and distribution.
Analyze the competition: Look at the competitive landscape, including the number of competitors, their market share, and their competitive advantages and disadvantages.
Understand the regulatory environment: Research the laws and regulations that govern the industry, as well as any industry-specific standards or guidelines.
Analyze the industry’s customer base: Consider the demographics and needs of the industry’s customers, as well as any changes or trends in customer behavior.
Assess the industry’s technology and innovation: Look at the current state of technology in the industry, as well as any trends or disruptions that may be on the horizon.