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- Title
An analysis of the US decking materials market: perceptual mapping approach.
- Authors
Ganguly, Indroneil; Eastin, Ivan; MacLachlan, Douglas
- Abstract
This paper analyzes the product positioning and market demand of preservative-treated, naturally decay-resistant, and composite decking materials in the United States using an innovative perceptual mapping technique. Market analysis using perceptual mapping is generally used for end-user market scenarios for strategic planning. This paper establishes that the perceptual mapping technique can also be a valuable tool for analyzing the US decking products market, which is predominantly a business-to-business (B2B) market. Using perceptual mapping of the US decking market, this paper proposes a method for incorporating market demand density on a perceptual space, incorporating a kernel regression based nonparametric demand distribution. Representation of products and demand distribution on the same perceptual space in the proposed mapping technique enables simultaneous visualization of product positioning and demand density distribution in the marketplace. The mapping results obtained in this paper will enable business decision makers in the US decking industry to strategically position their offerings based on existing product positioning and market demand distribution. The data used for the study were collected through a national survey of 368 professional deck builders and homebuilders.
- Subjects
UNITED States; DECKING materials industry; MARKET mapping; BUSINESS-to-business transactions; STRATEGIC planning; ECONOMIC demand; PRODUCT positioning
- Publication
Canadian Journal of Forest Research, 2011, Vol 41, Issue 4, p669
- ISSN
0045-5067
- Publication type
Article
- DOI
10.1139/x10-244