Rare Earth Mineral Concentrates Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type
- Single User License (1 Users) $ 3,200
- Team License (2~5 Users) $ 4,200
- Corporate License (>5 Users) $ 5,200
Introduction
Rare earth mineral concentrates, comprising light and heavy rare earth elements (REEs), are critical for advanced technologies in automotive, consumer electronics, wind power, and aerospace. The industry is characterized by complex extraction processes, high market concentration, and strategic importance due to REEs’ unique magnetic and luminescent properties. Key trends include increased recycling efforts, development of alternative supply chains, and advancements in sustainable mining practices. The market is driven by demand for REEs in electric vehicle (EV) magnets, wind turbines, and consumer electronics, with global production estimated at 390,000 tons of rare earth oxide (REO) equivalent in 2024, led by China (69% share). Innovations in separation technologies and geopolitical efforts to diversify supply chains are shaping the industry.
Market Size and Growth Forecast
The global Rare Earth Mineral Concentrates market was valued at USD 11.6–17.8 billion in 2024, with an estimated CAGR of 6.5%–8.5% from 2025 to 2030, driven by demand in clean energy and advanced technologies.
Regional Analysis
North America is projected to grow at a CAGR of 6.0%–8.0%, with the United States focusing on reducing reliance on China through domestic mining and processing.
Europe is expected to achieve a CAGR of 5.8%–7.8%, with Germany and Sweden emphasizing REEs for wind power and EVs.
Asia Pacific is anticipated to record the highest growth at 7.0%–9.0%, driven by China and Japan. China dominates production, while Japan focuses on recycling and high-tech applications.
Rest of the World, particularly Australia and Myanmar, is expected to grow at 5.5%–7.5%, with trends toward sustainable mining.
Application Analysis
Automotive applications are estimated to grow at a CAGR of 7.0%–9.0%, driven by EV magnet production. Trends include high-performance neodymium magnets.
Consumer electronics are projected to expand at 6.5%–8.5%, focusing on smartphones and displays. Trends include miniaturized components.
Industrial applications are expected to grow at 6.0%–8.0%, driven by catalysts and alloys. Trends include sustainable production.
Office devices, wind power, aerospace, medical, and others are anticipated to grow at 5.5%–7.5%, emphasizing niche applications.
Key Market Players
Lynas Rare Earths Ltd, based in Perth, Australia, focuses on light REEs for EVs and electronics.
China Northern Rare Earth Group, headquartered in Baotou, China, is a leading REE producer.
China Rare Earth Group, based in Ganzhou, China, specializes in heavy REEs.
IREL (India) Limited, located in Mumbai, India, produces REEs for industrial applications.
MP Materials, based in Las Vegas, USA, focuses on domestic REE production.
Porter’s Five Forces Analysis
● The threat of new entrants is low. High capital costs and regulatory barriers limit entry.
● The threat of substitutes is moderate. Alternative materials compete, but REEs’ properties are unique.
● Buyer power is moderate. Large manufacturers negotiate, but supply concentration limits leverage.
● Supplier power is high. China’s dominance creates supply risks.
● Competitive rivalry is moderate. Key players focus on supply chain diversification.
Market Opportunities and Challenges
Opportunities
● Demand for EVs and wind turbines drives REE consumption.
● Recycling technologies offer sustainable supply solutions.
● Emerging markets provide growth potential.
● Government investments in supply chain diversification create opportunities.
Challenges
● China’s market dominance creates supply risks.
● Environmental regulations increase mining costs.
● High processing costs limit scalability.
● Geopolitical tensions impact supply chains.
Growth Trend Analysis
The Rare Earth Mineral Concentrates market is growing, driven by clean energy demand. From 2017 to 2023, global REE mining grew at a CAGR of 17.8%, with 2024 production at 390,000 tons. On February 19, 2025, China proposed new REE regulations to tighten control over mining and processing. On July 10, 2025, the U.S. Defense Department invested in MP Materials to fund a magnet-making facility, aiming to reduce reliance on China. These developments align with a projected CAGR of 6.5%–8.5% through 2030.
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 Rare Earth Mineral Concentrates 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 Rare Earth Mineral Concentrates by Region
8.2 Import of Rare Earth Mineral Concentrates by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Rare Earth Mineral Concentrates Market in North America (2020-2030)
9.1 Rare Earth Mineral Concentrates Market Size
9.2 Rare Earth Mineral Concentrates 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 Rare Earth Mineral Concentrates Market in South America (2020-2030)
10.1 Rare Earth Mineral Concentrates Market Size
10.2 Rare Earth Mineral Concentrates 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 Rare Earth Mineral Concentrates Market in Asia & Pacific (2020-2030)
11.1 Rare Earth Mineral Concentrates Market Size
11.2 Rare Earth Mineral Concentrates 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 Rare Earth Mineral Concentrates Market in Europe (2020-2030)
12.1 Rare Earth Mineral Concentrates Market Size
12.2 Rare Earth Mineral Concentrates 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 Rare Earth Mineral Concentrates Market in MEA (2020-2030)
13.1 Rare Earth Mineral Concentrates Market Size
13.2 Rare Earth Mineral Concentrates 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 Rare Earth Mineral Concentrates Market (2020-2030)
14.1 Rare Earth Mineral Concentrates Market Size
14.2 Rare Earth Mineral Concentrates Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Rare Earth Mineral Concentrates Market Forecast (2021-2026)
15.1 Rare Earth Mineral Concentrates Market Size Forecast
15.2 Rare Earth Mineral Concentrates Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Lynas Rare Earths Ltd
15.1.1 Company Profile
15.1.2 Main Business and Rare Earth Mineral Concentrates Information
15.1.3 SWOT Analysis of Lynas Rare Earths Ltd
15.1.4 Lynas Rare Earths Ltd Rare Earth Mineral Concentrates Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 China Northern Rare Earth Group
15.2.1 Company Profile
15.2.2 Main Business and Rare Earth Mineral Concentrates Information
15.2.3 SWOT Analysis of China Northern Rare Earth Group
15.2.4 China Northern Rare Earth Group Rare Earth Mineral Concentrates Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 China Rare Earth Group
15.3.1 Company Profile
15.3.2 Main Business and Rare Earth Mineral Concentrates Information
15.3.3 SWOT Analysis of China Rare Earth Group
15.3.4 China Rare Earth Group Rare Earth Mineral Concentrates Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 IREL (India) Limited
15.4.1 Company Profile
15.4.2 Main Business and Rare Earth Mineral Concentrates Information
15.4.3 SWOT Analysis of IREL (India) Limited
15.4.4 IREL (India) Limited Rare Earth Mineral Concentrates Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 MP Materials
15.5.1 Company Profile
15.5.2 Main Business and Rare Earth Mineral Concentrates Information
15.5.3 SWOT Analysis of MP Materials
15.5.4 MP Materials Rare Earth Mineral Concentrates Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Table Research Scope Of Rare Earth Mineral Concentrates Report
Table Data Sources Of Rare Earth Mineral Concentrates Report
Table Major Assumptions Of Rare Earth Mineral Concentrates Report
Table Rare Earth Mineral Concentrates Classification
Table Rare Earth Mineral Concentrates Applications List
Table Drivers Of Rare Earth Mineral Concentrates Market
Table Restraints Of Rare Earth Mineral Concentrates Market
Table Opportunities Of Rare Earth Mineral Concentrates Market
Table Threats Of Rare Earth Mineral Concentrates Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Rare Earth Mineral Concentrates
Table Cost Structure Analysis Of Rare Earth Mineral Concentrates
Table Key End Users List
Table Latest News Of Rare Earth Mineral Concentrates Market
Table Merger And Acquisition List
Table Planned/Future Project Of Rare Earth Mineral Concentrates Market
Table Policy Of Rare Earth Mineral Concentrates Market
Table 2020-2030 Regional Export Of Rare Earth Mineral Concentrates
Table 2020-2030 Regional Import Of Rare Earth Mineral Concentrates
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 North America Rare Earth Mineral Concentrates Demand List By Application
Table 2020-2025 North America Rare Earth Mineral Concentrates Key Players Sales List
Table 2020-2025 North America Rare Earth Mineral Concentrates Key Players Market Share List
Table 2020-2030 North America Rare Earth Mineral Concentrates Demand List By Type
Table 2020-2025 North America Rare Earth Mineral Concentrates Price List By Type
Table 2020-2030 United States Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 United States Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Canada Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Canada Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Mexico Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Mexico Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 South America Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 South America Rare Earth Mineral Concentrates Demand List By Application
Table 2020-2025 South America Rare Earth Mineral Concentrates Key Players Sales List
Table 2020-2025 South America Rare Earth Mineral Concentrates Key Players Market Share List
Table 2020-2030 South America Rare Earth Mineral Concentrates Demand List By Type
Table 2020-2025 South America Rare Earth Mineral Concentrates Price List By Type
Table 2020-2030 Brazil Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Brazil Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Argentina Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Argentina Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Chile Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Chile Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Peru Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Peru Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Asia & Pacific Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Rare Earth Mineral Concentrates Demand List By Application
Table 2020-2025 Asia & Pacific Rare Earth Mineral Concentrates Key Players Sales List
Table 2020-2025 Asia & Pacific Rare Earth Mineral Concentrates Key Players Market Share List
Table 2020-2030 Asia & Pacific Rare Earth Mineral Concentrates Demand List By Type
Table 2020-2025 Asia & Pacific Rare Earth Mineral Concentrates Price List By Type
Table 2020-2030 China Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 China Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 India Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 India Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Japan Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Japan Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 South Korea Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 South Korea Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Southeast Asia Rare Earth Mineral Concentrates Market Size List
Table 2020-2030 Southeast Asia Rare Earth Mineral Concentrates Market Volume List
Table 2020-2030 Southeast Asia Rare Earth Mineral Concentrates Import List
Table 2020-2030 Southeast Asia Rare Earth Mineral Concentrates Export List
Table 2020-2030 Australia Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Australia Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Europe Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Europe Rare Earth Mineral Concentrates Demand List By Application
Table 2020-2025 Europe Rare Earth Mineral Concentrates Key Players Sales List
Table 2020-2025 Europe Rare Earth Mineral Concentrates Key Players Market Share List
Table 2020-2030 Europe Rare Earth Mineral Concentrates Demand List By Type
Table 2020-2025 Europe Rare Earth Mineral Concentrates Price List By Type
Table 2020-2030 Germany Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Germany Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 France Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 France Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 United Kingdom Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 United Kingdom Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Italy Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Italy Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Spain Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Spain Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Belgium Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Belgium Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Netherlands Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Netherlands Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Austria Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Austria Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Poland Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Poland Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Russia Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Russia Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Mea Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Mea Rare Earth Mineral Concentrates Demand List By Application
Table 2020-2025 Mea Rare Earth Mineral Concentrates Key Players Sales List
Table 2020-2025 Mea Rare Earth Mineral Concentrates Key Players Market Share List
Table 2020-2030 Mea Rare Earth Mineral Concentrates Demand List By Type
Table 2020-2025 Mea Rare Earth Mineral Concentrates Price List By Type
Table 2020-2030 Egypt Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Egypt Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Israel Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Israel Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 South Africa Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 South Africa Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Rare Earth Mineral Concentrates Import & Export List
Table 2020-2030 Turkey Rare Earth Mineral Concentrates Market Size And Market Volume List
Table 2020-2030 Turkey Rare Earth Mineral Concentrates Import & Export List
Table 2020-2025 Global Rare Earth Mineral Concentrates Market Size List By Region
Table 2020-2025 Global Rare Earth Mineral Concentrates Market Size Share List By Region
Table 2020-2025 Global Rare Earth Mineral Concentrates Market Volume List By Region
Table 2020-2025 Global Rare Earth Mineral Concentrates Market Volume Share List By Region
Table 2020-2025 Global Rare Earth Mineral Concentrates Demand List By Application
Table 2020-2025 Global Rare Earth Mineral Concentrates Demand Market Share List By Application
Table 2020-2025 Global Rare Earth Mineral Concentrates Capacity List
Table 2020-2025 Global Rare Earth Mineral Concentrates Key Vendors Capacity Share List
Table 2020-2025 Global Rare Earth Mineral Concentrates Key Vendors Production List
Table 2020-2025 Global Rare Earth Mineral Concentrates Key Vendors Production Share List
Table 2020-2025 Global Rare Earth Mineral Concentrates Key Vendors Production Value List
Table 2020-2025 Global Rare Earth Mineral Concentrates Key Vendors Production Value Share List
Table 2020-2025 Global Rare Earth Mineral Concentrates Demand List By Type
Table 2020-2025 Global Rare Earth Mineral Concentrates Demand Market Share List By Type
Table 2020-2025 Regional Rare Earth Mineral Concentrates Price List
Table 2025-2030 Global Rare Earth Mineral Concentrates Market Size List By Region
Table 2025-2030 Global Rare Earth Mineral Concentrates Market Size Share List By Region
Table 2025-2030 Global Rare Earth Mineral Concentrates Market Volume List By Region
Table 2025-2030 Global Rare Earth Mineral Concentrates Market Volume Share List By Region
Table 2025-2030 Global Rare Earth Mineral Concentrates Demand List By Application
Table 2025-2030 Global Rare Earth Mineral Concentrates Demand Market Share List By Application
Table 2025-2030 Global Rare Earth Mineral Concentrates Capacity List
Table 2025-2030 Global Rare Earth Mineral Concentrates Key Vendors Capacity Share List
Table 2025-2030 Global Rare Earth Mineral Concentrates Key Vendors Production List
Table 2025-2030 Global Rare Earth Mineral Concentrates Key Vendors Production Share List
Table 2025-2030 Global Rare Earth Mineral Concentrates Key Vendors Production Value List
Table 2025-2030 Global Rare Earth Mineral Concentrates Key Vendors Production Value Share List
Table 2025-2030 Global Rare Earth Mineral Concentrates Demand List By Type
Table 2025-2030 Global Rare Earth Mineral Concentrates Demand Market Share List By Type
Table 2025-2030 Rare Earth Mineral Concentrates Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Rare Earth Mineral Concentrates Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Rare Earth Mineral Concentrates Market Size And Cagr
Figure 2020-2030 North America Rare Earth Mineral Concentrates Market Volume And Cagr
Figure 2020-2030 South America Rare Earth Mineral Concentrates Market Size And Cagr
Figure 2020-2030 South America Rare Earth Mineral Concentrates Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Rare Earth Mineral Concentrates Market Size And Cagr
Figure 2020-2030 Asia & Pacific Rare Earth Mineral Concentrates Market Volume And Cagr
Figure 2020-2030 Europe Rare Earth Mineral Concentrates Market Size And Cagr
Figure 2020-2030 Europe Rare Earth Mineral Concentrates Market Volume And Cagr
Figure 2020-2030 Mea Rare Earth Mineral Concentrates Market Size And Cagr
Figure 2020-2030 Mea Rare Earth Mineral Concentrates Market Volume And Cagr
Figure 2020-2025 Global Rare Earth Mineral Concentrates Capacity Production And Growth Rate
Figure 2020-2025 Global Rare Earth Mineral Concentrates Production Value And Growth Rate
Figure 2025-2030 Global Rare Earth Mineral Concentrates Capacity Production And Growth Rate
Figure 2025-2030 Global Rare Earth Mineral Concentrates 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 |