Definitions for niche market
niche mar·ket

WiktionaryRate this definition:0.0 / 0 votes

1. niche marketnoun

   a relatively small and specialist, yet profitable, market

WikipediaRate this definition:0.0 / 0 votes

1. Niche market

   A niche market is the subset of the market on which a specific product is focused. The market niche defines the product features aimed at satisfying specific market needs, as well as the price range, production quality and the demographics that it is intended to target. It is also a small market segment. Sometimes, a product or service can be entirely designed to satisfy a niche market.Not every product can be defined by its market niche. The niche market is highly specialized, and aiming to survive among the competition from numerous super companies. Even established companies create products for different niches; Hewlett-Packard has all-in-one machines for printing, scanning and faxing targeted for the home office niche, while at the same time having separate machines with one of these functions for big businesses.In practice, product vendors and trade businesses are commonly referred to as mainstream providers or narrow demographics niche market providers (colloquially shortened to just niche market providers). Small capital providers usually opt for a niche market with narrow demographics as a measure of increasing their financial gain margins. The final product quality (low or high) is not dependent on the price elasticity of demand, but the specific needs that the product is aimed to satisfy and, in some cases, aspects of brand recognition (e.g. prestige, practicability, money saving, expensiveness, environmental conscience, or social status). When there are needs or desires with specific and even complex characteristics, the market niche requires specialized suppliers which are capable of meeting such expectations.

WikidataRate this definition:0.0 / 0 votes

1. Niche market

   A niche market is the subset of the market on which a specific product is focusing. So the market niche defines the specific product features aimed at satisfying specific market needs, as well as the price range, production quality and the demographics that is intended to impact. It is also a small market segment. For example, sports channels like STAR Sports, ESPN, STAR Cricket, and Fox target a niche of sports lovers. Every product can be defined by its market niche. As of special note, the products aimed at a wide demographic audience, with the resulting low price, are said to belong to the mainstream niche—in practice referred to only as mainstream or of high demand. Narrower demographics lead to elevated prices due to the same principle. So to speak, the niche market is a highly specialized market aiming to survive among the competition from numerous super companies. Even established companies create products for different niches, for example, Hewlett-Packard has all-in-one machines for printing, scanning and faxing targeted for the home office niche while at the same time having separate machines with one of these functions for big businesses.

How to pronounce niche market?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say niche market in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of niche market in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of niche market in Pythagorean Numerology is: 8

Examples of niche market in a Sentence

1. Russian Energy Minister Alexander Novak:

   If we cut, the importer countries will increase their production and this will mean a loss of our niche market.

2. Sebastian Thrun:

   (This) is not a small niche market ... it impacts almost everybody who works. What we are offering will happen, no matter what.

3. Sebastian Thrun:

   At the moment we are active in a niche market, but we plan to expand.

4. Ed Barton:

   The retro gaming market is definitely a niche market, if you're of a certain age, you might remember them and this might be the easiest way to play games today.

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Niche_Market
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Niche_Market
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=niche market