Cobalt Mining Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application

By: HDIN Research Published: 2025-04-13 Pages: 89
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Cobalt Mining Market Summary
Introduction
Cobalt mining is a critical component of the global metals industry, primarily driven by its role as a key material in lithium-ion batteries, which power electric vehicles (EVs), consumer electronics, and energy storage systems. Cobalt is predominantly extracted as a byproduct of copper and nickel mining, with its supply heavily concentrated in the Democratic Republic of Congo (DRC), which accounted for 75.86% of global production in 2024, reaching a record 290,000 metric tons. The industry is characterized by its sensitivity to geopolitical dynamics, environmental concerns, and fluctuating demand tied to the clean energy transition. Global cobalt reserves stand at approximately 11 million tons, with the DRC holding 54.55% of this total, underscoring its dominance. In 2024, the market faced a surplus of 50,000 tons, contributing to sustained price declines and prompting significant policy actions, such as the DRC’s four-month export ban on all cobalt products announced on February 22, 2025, aimed at addressing oversupply and stabilizing prices. This ban, covering industrial, semi-industrial, small-scale, and artisanal mining products, reflects the industry’s efforts to navigate a supply-demand imbalance exacerbated by increased copper-cobalt project output in recent years. The cobalt mining sector is also marked by high entry barriers due to capital-intensive operations, complex refining processes, and ethical sourcing challenges, particularly in the DRC, where artisanal mining raises human rights and sustainability issues.

Market Size and Growth Forecast
The global cobalt mining market is projected to reach a value of USD 8 billion to USD 10 billion by 2025, with an estimated compound annual growth rate (CAGR) of 4% to 5% through 2030. This moderate growth reflects a balance between rising demand from EV battery production and persistent supply pressures moderating price recovery.

Regional Analysis
The cobalt mining market exhibits significant regional variation in production and growth trends. Africa, led by the DRC, is expected to see a growth rate of 3.5% to 4.5%, tempered by the export ban and oversupply concerns. The DRC’s market trends are shaped by its vast reserves and production capacity, though political instability and regulatory shifts, such as the 2025 export restriction, introduce uncertainty. Australia anticipates a growth rate of 4% to 5.5%, driven by its stable mining environment and investments in nickel-cobalt projects, positioning it as a key supplier to Western markets seeking to diversify from DRC reliance. North America, particularly Canada, projects growth of 3% to 4%, with the U.S. and Canada focusing on domestic production to secure supply chains for clean energy technologies. Europe expects a growth rate of 3.5% to 5%, with countries like Finland and Norway leveraging byproduct cobalt from nickel operations to support regional battery manufacturing. Asia Pacific, notably China, anticipates growth of 4.5% to 6%, fueled by its role as the largest consumer and refiner of cobalt, driven by its booming EV and electronics sectors. Indonesia, an emerging player, also contributes to regional growth through its expanding nickel-cobalt operations.

Application Analysis
Metal: This segment, encompassing cobalt used in batteries, alloys, and superalloys, is expected to grow at 4% to 5.5%. Its dominance stems from the surge in EV adoption and aerospace applications, with trends shifting toward reducing cobalt content in batteries to mitigate supply risks.
Chemical: Projected to grow at 3.5% to 4.5%, this category includes cobalt salts and catalysts used in petrochemicals and industrial processes. Growth is steady, driven by industrial demand, though overshadowed by the metal segment’s prominence in clean energy applications.

Key Market Players
Glencore: A Swiss-based multinational, Glencore is a leading cobalt producer with significant operations in the DRC, focusing on large-scale copper-cobalt mines.
CMOC Group: A Chinese firm, CMOC has emerged as the world’s top cobalt producer, leveraging its extensive DRC assets like Tenke Fungurume.
Eurasian Resources: A Luxembourg-based company, Eurasian Resources operates cobalt and copper projects in the DRC, emphasizing sustainable tailings reprocessing.
Chemaf: A DRC-focused firm, Chemaf specializes in cobalt and copper mining, catering to both local and international markets.
Vale: A Brazilian giant, Vale extracts cobalt as a byproduct of its nickel operations in Canada and beyond.
Norilsk Nickel: A Russian leader, Norilsk produces cobalt alongside nickel and palladium, serving global industrial needs.
Sherritt: A Canadian company, Sherritt focuses on nickel and cobalt mining, with operations in Canada and Cuba.
Jinchuan Group: A Chinese player, Jinchuan is a major producer of cobalt, nickel, and copper for domestic and export markets.
Zhejiang Huayou Cobalt: A Chinese firm, Huayou is a key supplier of cobalt for battery manufacturing, with growing DRC investments.
Sumitomo Metal: A Japanese company, Sumitomo produces cobalt as a byproduct of its nickel operations, targeting high-tech industries.
MCC Group: A Chinese state-owned enterprise, MCC engages in cobalt mining and infrastructure projects, primarily in Asia and Africa.

Porter’s Five Forces Analysis
●Threat of New Entrants: Low to Moderate. High capital requirements, regulatory hurdles, and established players’ dominance deter new entrants, though opportunities in emerging regions like Indonesia may attract investment.
●Threat of Substitutes: Moderate. Efforts to reduce cobalt in battery chemistries (e.g., nickel-rich alternatives) pose a threat, but cobalt’s unique properties sustain its relevance.
●Bargaining Power of Buyers: High. Large battery manufacturers and OEMs wield significant leverage due to oversupply and price sensitivity, pressuring miners to compete on cost.
●Bargaining Power of Suppliers: Moderate. Concentration in the DRC gives key producers leverage, but global diversification efforts dilute this power.
●Competitive Rivalry: High. Major players like CMOC and Glencore fiercely compete on production capacity, cost efficiency, and ethical sourcing credentials.

Market Opportunities and Challenges
Opportunities
●EV Demand Growth: Rising global EV sales drive long-term cobalt demand, particularly in Asia and Europe.
●Diversification Efforts: Western nations’ push to reduce DRC dependency boosts investment in Australia and Canada.
●Recycling Potential: Advances in cobalt recycling from batteries offer a sustainable supply source.
●Policy Support: Clean energy initiatives globally enhance cobalt’s strategic importance.
●Emerging Markets: Indonesia’s nickel-cobalt projects expand supply options.
Challenges
●Oversupply Pressure: The 2024 surplus and DRC export ban highlight supply-demand imbalances, depressing prices.
●Geopolitical Risks: DRC instability and export restrictions disrupt supply chains.
●Ethical Concerns: Artisanal mining issues in the DRC challenge sustainable sourcing.
●Substitution Trends: Battery tech innovations reducing cobalt use threaten demand.
●Environmental Impact: Mining’s ecological footprint faces increasing scrutiny.
Table of Contents
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Cobalt Mining Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Cobalt Mining by Region
8.2 Import of Cobalt Mining by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Cobalt Mining Market in North America (2020-2030)
9.1 Cobalt Mining Market Size
9.2 Cobalt Mining Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Cobalt Mining Market in South America (2020-2030)
10.1 Cobalt Mining Market Size
10.2 Cobalt Mining Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Cobalt Mining Market in Asia & Pacific (2020-2030)
11.1 Cobalt Mining Market Size
11.2 Cobalt Mining Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Asean
11.5.6 Australia
Chapter 12 Historical and Forecast Cobalt Mining Market in Europe (2020-2030)
12.1 Cobalt Mining Market Size
12.2 Cobalt Mining Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Cobalt Mining Market in MEA (2020-2030)
13.1 Cobalt Mining Market Size
13.2 Cobalt Mining Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Cobalt Mining Market (2020-2030)
14.1 Cobalt Mining Market Size
14.2 Cobalt Mining Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Cobalt Mining Market Forecast (2021-2026)
15.1 Cobalt Mining Market Size Forecast
15.2 Cobalt Mining Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Glencore
15.1.1 Company Profile
15.1.2 Main Business and Cobalt Mining Information
15.1.3 SWOT Analysis of Glencore
15.1.4 Glencore Cobalt Mining Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 CMOC Group
15.2.1 Company Profile
15.2.2 Main Business and Cobalt Mining Information
15.2.3 SWOT Analysis of CMOC Group
15.2.4 CMOC Group Cobalt Mining Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Eruasian Resources
15.3.1 Company Profile
15.3.2 Main Business and Cobalt Mining Information
15.3.3 SWOT Analysis of Eruasian Resources
15.3.4 Eruasian Resources Cobalt Mining Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Chemaf
15.4.1 Company Profile
15.4.2 Main Business and Cobalt Mining Information
15.4.3 SWOT Analysis of Chemaf
15.4.4 Chemaf Cobalt Mining Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 Vale
15.5.1 Company Profile
15.5.2 Main Business and Cobalt Mining Information
15.5.3 SWOT Analysis of Vale
15.5.4 Vale Cobalt Mining Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 Norilsk Nickel
15.6.1 Company Profile
15.6.2 Main Business and Cobalt Mining Information
15.6.3 SWOT Analysis of Norilsk Nickel
15.6.4 Norilsk Nickel Cobalt Mining Sales, Revenue, Price and Gross Margin (2020-2025)
15.7 Sherritt
15.7.1 Company Profile
15.7.2 Main Business and Cobalt Mining Information
15.7.3 SWOT Analysis of Sherritt
15.7.4 Sherritt Cobalt Mining Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Table Abbreviation And Acronyms List
Table Research Scope Of Cobalt Mining Report
Table Data Sources Of Cobalt Mining Report
Table Major Assumptions Of Cobalt Mining Report
Table Cobalt Mining Classification
Table Cobalt Mining Applications List
Table Drivers Of Cobalt Mining Market
Table Restraints Of Cobalt Mining Market
Table Opportunities Of Cobalt Mining Market
Table Threats Of Cobalt Mining Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Cobalt Mining
Table Cost Structure Analysis Of Cobalt Mining
Table Key End Users List
Table Latest News Of Cobalt Mining Market
Table Merger And Acquisition List
Table Planned/Future Project Of Cobalt Mining Market
Table Policy Of Cobalt Mining Market
Table 2020-2030 Regional Export Of Cobalt Mining
Table 2020-2030 Regional Import Of Cobalt Mining
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Cobalt Mining Market Size And Market Volume List
Table 2020-2030 North America Cobalt Mining Demand List By Application
Table 2020-2025 North America Cobalt Mining Key Players Sales List
Table 2020-2025 North America Cobalt Mining Key Players Market Share List
Table 2020-2030 North America Cobalt Mining Demand List By Type
Table 2020-2025 North America Cobalt Mining Price List By Type
Table 2020-2030 United States Cobalt Mining Market Size And Market Volume List
Table 2020-2030 United States Cobalt Mining Import & Export List
Table 2020-2030 Canada Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Canada Cobalt Mining Import & Export List
Table 2020-2030 Mexico Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Mexico Cobalt Mining Import & Export List
Table 2020-2030 South America Cobalt Mining Market Size And Market Volume List
Table 2020-2030 South America Cobalt Mining Demand List By Application
Table 2020-2025 South America Cobalt Mining Key Players Sales List
Table 2020-2025 South America Cobalt Mining Key Players Market Share List
Table 2020-2030 South America Cobalt Mining Demand List By Type
Table 2020-2025 South America Cobalt Mining Price List By Type
Table 2020-2030 Brazil Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Brazil Cobalt Mining Import & Export List
Table 2020-2030 Argentina Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Argentina Cobalt Mining Import & Export List
Table 2020-2030 Chile Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Chile Cobalt Mining Import & Export List
Table 2020-2030 Peru Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Peru Cobalt Mining Import & Export List
Table 2020-2030 Asia & Pacific Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Cobalt Mining Demand List By Application
Table 2020-2025 Asia & Pacific Cobalt Mining Key Players Sales List
Table 2020-2025 Asia & Pacific Cobalt Mining Key Players Market Share List
Table 2020-2030 Asia & Pacific Cobalt Mining Demand List By Type
Table 2020-2025 Asia & Pacific Cobalt Mining Price List By Type
Table 2020-2030 China Cobalt Mining Market Size And Market Volume List
Table 2020-2030 China Cobalt Mining Import & Export List
Table 2020-2030 India Cobalt Mining Market Size And Market Volume List
Table 2020-2030 India Cobalt Mining Import & Export List
Table 2020-2030 Japan Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Japan Cobalt Mining Import & Export List
Table 2020-2030 South Korea Cobalt Mining Market Size And Market Volume List
Table 2020-2030 South Korea Cobalt Mining Import & Export List
Table 2020-2030 Southeast Asia Cobalt Mining Market Size List
Table 2020-2030 Southeast Asia Cobalt Mining Market Volume List
Table 2020-2030 Southeast Asia Cobalt Mining Import List
Table 2020-2030 Southeast Asia Cobalt Mining Export List
Table 2020-2030 Australia Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Australia Cobalt Mining Import & Export List
Table 2020-2030 Europe Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Europe Cobalt Mining Demand List By Application
Table 2020-2025 Europe Cobalt Mining Key Players Sales List
Table 2020-2025 Europe Cobalt Mining Key Players Market Share List
Table 2020-2030 Europe Cobalt Mining Demand List By Type
Table 2020-2025 Europe Cobalt Mining Price List By Type
Table 2020-2030 Germany Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Germany Cobalt Mining Import & Export List
Table 2020-2030 France Cobalt Mining Market Size And Market Volume List
Table 2020-2030 France Cobalt Mining Import & Export List
Table 2020-2030 United Kingdom Cobalt Mining Market Size And Market Volume List
Table 2020-2030 United Kingdom Cobalt Mining Import & Export List
Table 2020-2030 Italy Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Italy Cobalt Mining Import & Export List
Table 2020-2030 Spain Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Spain Cobalt Mining Import & Export List
Table 2020-2030 Belgium Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Belgium Cobalt Mining Import & Export List
Table 2020-2030 Netherlands Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Netherlands Cobalt Mining Import & Export List
Table 2020-2030 Austria Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Austria Cobalt Mining Import & Export List
Table 2020-2030 Poland Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Poland Cobalt Mining Import & Export List
Table 2020-2030 Russia Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Russia Cobalt Mining Import & Export List
Table 2020-2030 Mea Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Mea Cobalt Mining Demand List By Application
Table 2020-2025 Mea Cobalt Mining Key Players Sales List
Table 2020-2025 Mea Cobalt Mining Key Players Market Share List
Table 2020-2030 Mea Cobalt Mining Demand List By Type
Table 2020-2025 Mea Cobalt Mining Price List By Type
Table 2020-2030 Egypt Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Egypt Cobalt Mining Import & Export List
Table 2020-2030 Israel Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Israel Cobalt Mining Import & Export List
Table 2020-2030 South Africa Cobalt Mining Market Size And Market Volume List
Table 2020-2030 South Africa Cobalt Mining Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Cobalt Mining Import & Export List
Table 2020-2030 Turkey Cobalt Mining Market Size And Market Volume List
Table 2020-2030 Turkey Cobalt Mining Import & Export List
Table 2020-2025 Global Cobalt Mining Market Size List By Region
Table 2020-2025 Global Cobalt Mining Market Size Share List By Region
Table 2020-2025 Global Cobalt Mining Market Volume List By Region
Table 2020-2025 Global Cobalt Mining Market Volume Share List By Region
Table 2020-2025 Global Cobalt Mining Demand List By Application
Table 2020-2025 Global Cobalt Mining Demand Market Share List By Application
Table 2020-2025 Global Cobalt Mining Capacity List
Table 2020-2025 Global Cobalt Mining Key Vendors Capacity Share List
Table 2020-2025 Global Cobalt Mining Key Vendors Production List
Table 2020-2025 Global Cobalt Mining Key Vendors Production Share List
Table 2020-2025 Global Cobalt Mining Key Vendors Production Value List
Table 2020-2025 Global Cobalt Mining Key Vendors Production Value Share List
Table 2020-2025 Global Cobalt Mining Demand List By Type
Table 2020-2025 Global Cobalt Mining Demand Market Share List By Type
Table 2020-2025 Regional Cobalt Mining Price List
Table 2025-2030 Global Cobalt Mining Market Size List By Region
Table 2025-2030 Global Cobalt Mining Market Size Share List By Region
Table 2025-2030 Global Cobalt Mining Market Volume List By Region
Table 2025-2030 Global Cobalt Mining Market Volume Share List By Region
Table 2025-2030 Global Cobalt Mining Demand List By Application
Table 2025-2030 Global Cobalt Mining Demand Market Share List By Application
Table 2025-2030 Global Cobalt Mining Capacity List
Table 2025-2030 Global Cobalt Mining Key Vendors Capacity Share List
Table 2025-2030 Global Cobalt Mining Key Vendors Production List
Table 2025-2030 Global Cobalt Mining Key Vendors Production Share List
Table 2025-2030 Global Cobalt Mining Key Vendors Production Value List
Table 2025-2030 Global Cobalt Mining Key Vendors Production Value Share List
Table 2025-2030 Global Cobalt Mining Demand List By Type
Table 2025-2030 Global Cobalt Mining Demand Market Share List By Type
Table 2025-2030 Cobalt Mining Regional Price List

Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Cobalt Mining Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Cobalt Mining Market Size And Cagr
Figure 2020-2030 North America Cobalt Mining Market Volume And Cagr
Figure 2020-2030 South America Cobalt Mining Market Size And Cagr
Figure 2020-2030 South America Cobalt Mining Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Cobalt Mining Market Size And Cagr
Figure 2020-2030 Asia & Pacific Cobalt Mining Market Volume And Cagr
Figure 2020-2030 Europe Cobalt Mining Market Size And Cagr
Figure 2020-2030 Europe Cobalt Mining Market Volume And Cagr
Figure 2020-2030 Mea Cobalt Mining Market Size And Cagr
Figure 2020-2030 Mea Cobalt Mining Market Volume And Cagr
Figure 2020-2025 Global Cobalt Mining Capacity Production And Growth Rate
Figure 2020-2025 Global Cobalt Mining Production Value And Growth Rate
Figure 2025-2030 Global Cobalt Mining Capacity Production And Growth Rate
Figure 2025-2030 Global Cobalt Mining Production Value And Growth Rate

Research Methodology

  • Market Estimated Methodology:

    Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.

1)Top-down & Bottom-up Approach

Top-down approach uses a general market size figure and determines the percentage that the objective market represents.

Bottom-up approach size the objective market by collecting the sub-segment information.

2)Supply & Demand Approach

Supply approach is based on assessments of the size of each competitor supplying the objective market.

Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.

  • Forecasting Methodology
  • Numerous factors impacting the market trend are considered for forecast model:
  • New technology and application in the future;
  • New project planned/under contraction;
  • Global and regional underlying economic growth;
  • Threatens of substitute products;
  • Industry expert opinion;
  • Policy and Society implication.
  • Analysis Tools

1)PEST Analysis

PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.

  • Benefits of a PEST analysis:
  • It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
  • It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
  • It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
  • It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.

2)Porter’s Five Force Model Analysis

The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.

  • Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
  • Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
  • Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
  • Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
  • Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.

3)Value Chain Analysis

Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.

4)SWOT Analysis

SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.

  • Strengths describe what the player excels at and separates it from the competition
  • Weaknesses stop the player from performing at its optimum level.
  • Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
  • Threats refer to factors that have the potential to harm the player.
  • Data Sources
Primary Sources Secondary Sources
Face to face/Phone Interviews with market participants, such as:
Manufactures;
Distributors;
End-users;
Experts.
Online Survey
Government/International Organization Data:
Annual Report/Presentation/Fact Book
Internet Source Information
Industry Association Data
Free/Purchased Database
Market Research Report
Book/Journal/News

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