market requirement

USAGE SUMMARY

"market requirement" is a correct and usable phrase in written English.
It is typically used in business or marketing contexts to refer to the specific needs or demands of a particular market or group of consumers. Example: "Our company is constantly conducting market research to understand the current market requirements and tailor our products accordingly."

✓ Grammatically correct

Urban Rail Transit

The Guardian

The New York Times - Tech

Encyclopedia Britannica

Agricultural and Food Economics

City, Territory and Architecture

European Transport Research Review

TechCrunch

Hydrometallurgy

Pastoralism

Human-verified examples from authoritative sources

Exact Expressions

12 human-written examples

By taking a full system approach to the design of the INNOVIA Monorail 300, it was clear that fully automated driverless operation was required to provide the market requirement for frequent, efficient and reliable service.

Urban Rail Transit

The market requirement was for 7bn Libyan dinars (£3.5bn) to be in circulation, but that figure is currently 13bn dinars, he said.

The Guardian

"There is such a market requirement to solve this problem," said Paul Trevithick, chairman of the new group and chief executive of Parity, an identity-protection technology company in Needham, Mass., that is developing what it calls an i-card.

The New York Times - Tech

Douglas was acquired by McDonnell Aircraft Corporation in 1967, forming McDonnell Douglas Corporation, and the McDonnell Douglas DC-10 was created to meet an estimated market requirement for about 750 wide-bodied aircraft.

Encyclopedia Britannica

The earliest process, called thermal cracking, consisted of heating heavier oils (for which there was a low market requirement) in pressurized reactors and thereby cracking, or splitting, their large molecules into the smaller ones that form the lighter, more valuable fractions such as gasoline, kerosene, and light industrial fuels.

Encyclopedia Britannica

Local production is 9.3% of total market requirement, and the state is dependent on imports for the remaining 90.7%, mainly from the continental United States.

Agricultural and Food Economics

Human-verified similar examples from authoritative sources

Similar Expressions

48 human-written examples

However, accessing the bond market requires that circular businesses mature and scale up to meet the market requirements.

The Guardian

To achieve this, it is important to know the market requirements and the cultural impacts, so that one can effectively cover the required customizations.

User-Centered Design Stories Real-World UCD Case Files

Labour market requirements for non-EU migrants should be further standardised," the OECD said.

The Guardian - Business

The best books often come as if from nowhere, not from an examination of market requirements.

The Guardian - Books

The executives could not possibly remain knowledgeable about the changing technological and market requirements for such disparate businesses.

The New York Times

Expert writing Tips

Best practice

When discussing product development or business strategy, clearly define the "market requirement" you're addressing. Be specific about which customer needs or market demands the product or strategy aims to satisfy.

Common error

Avoid using "market requirement" interchangeably with "technical specification". A market requirement describes a need or problem in the market, while a technical specification outlines the technical details required to fulfill that need.

Linguistic Context

The phrase "market requirement" functions as a noun phrase, typically serving as the subject or object of a sentence. It identifies a necessary feature, condition, or demand within a specific market. As Ludwig AI's analysis indicates, it is used to specify key attributes a product needs to have to succeed.

Expression frequency: Common

Frequent in

Science

50%

News & Media

33%

Formal & Business

17%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "market requirement" is a common and grammatically correct noun phrase used primarily in business, economics, and related technical fields. As indicated by Ludwig AI, it serves to denote the necessary attributes, conditions, or demands that must be met for a product or service to succeed in a particular market. The phrase appears frequently in scientific and news media contexts, suggesting its relevance in both research and practical applications. When using this phrase, ensure you're clearly defining the specific needs or demands you're referencing, avoiding confusion with related terms like "technical specification" or "market demand". Common alternatives include "market need" and "customer expectation", each carrying slightly different nuances.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

market demand

Focuses on the quantity of a product or service that consumers are willing and able to purchase at a given price.

market need

Emphasizes the unfulfilled desires or necessities of consumers that a product or service can address.

consumer demand

Highlights the desires and purchasing power of consumers in relation to specific goods or services.

customer expectation

Highlights what customers anticipate or expect from a product, service, or company.

market specification

Is related with detailed requests of the market that are necessary to be fulfilled.

industry standard

Refers to a widely accepted practice, specification, or guideline within a particular industry.

competitive necessity

Highlights a request/condition that enables a business to succeed against its competitors.

business imperative

Stresses a critical need or necessity for a business to succeed in a particular market environment.

market condition

Points to a broad set of variables affecting supply and demand of items in a market.

commercial necessity

Highlights something that is essential for a business to operate profitably and sustainably.

FAQs

How is "market requirement" typically used in business?

In business, "market requirement" is commonly used to describe the essential features, functionalities, or attributes a product or service must possess to be successful in a particular market. It often guides product development and marketing strategies.

What's the difference between "market requirement" and "market demand"?

"Market requirement" refers to a necessary feature or attribute, while "market demand" indicates the quantity of a product or service consumers are willing to purchase. A product can meet a market requirement without high demand, and vice versa.

What are some examples of "market requirements" in the tech industry?

Examples of "market requirements" in the tech industry include user-friendly interfaces, mobile compatibility, robust security features, and seamless integration with other popular platforms or services.

How do companies identify "market requirements"?

Companies identify "market requirements" through various methods, including market research, customer surveys, competitor analysis, focus groups, and analysis of industry trends.