Research Background
A worldwide refrigerator compressor company want to innovate and dive more into clients’ side to help with the following aspects:
- Identify ways to produce market differentiation against competitors
- Identify consumer needs for future development
- Identify business partner needs for market differentiation
And they set goals to be achieved for each type of respondents:
Stage 1 – Qualitative
- For End-users:
- Overall appealing factors
- Unique benefits offering
- Advantages over current product and available offerings
- Importance of benefits communicated and needs resolved
- Premium can be paid to this benefits
- For OEMs:
- Overall appealing factors Differentiation Unique benefits offering
- Barriers to adoption
- Impact on their current production line
- Potential future for commercialization
- For Retailers:
- Overall appealing factors
- Competitive advantage
- Unique benefits offering
- Impact on their current product offerings
- Benefits communicating and potential acceptance from consumers
Stage 2 – Quantitative
- Check consumers’ sensitiveness to price of each added-value feature
Research Methodology
Stage 1 – Qualitative
- End-users: 24 (2.5 hours) ethnography interviews (in home + accompanied shopping)
- OEMs: 4 (1 hour) phone interviews
- Retailers: 6 (2 hours) IDI
Stage 2 – Quantitative
- 1,600 online surveys
Overview:
- For End-users:
- Overall appealing factors Unique benefits offering
- Advantages over current product and available offerings
- Importance of benefits communicated and needs resolved
- Premium can be paid to this benefits
- For OEMs:
- Overall appealing factors Differentiation Unique benefits offering
- Barriers to adoption
- Impact on their current production line
- Potential future for commercialization
- For Retailers:
- Overall appealing factors
- Competitive advantage
- Unique benefits offering
- Impact on their current product offerings
- Benefits communicating and potential acceptance from consumers
- Stage 2 – Quantitative
- Check consumers’ sensitiveness to price of each added-value feature
City Coverage
- Shanghai, Beijing and Chengdu
Target Audience
- End-users:
- Male and female
- 25-59 years’ old
- Working in refrigerator retailing sector
- Personally responsible for refrigerator sales and marketing
- Have been working in current position for over one year
- Have been working in the industry relating to refrigerator for over 5 years
- OEMs:
- From client’s list
- Retailers:
- Male and female
- Not working in relevant and sensitive industries
- 25-59 years’ old
- A good mix of household composition and working condition
- Purchased a brand new refrigerator in the past 12 months
- Have purchased specific types of refrigerator, including Side by side, French Door, Top Mount, and Bottom Mount
- Key decision maker or joint decision maker when purchasing
- Don’t put price/cost as the top consideration when purchasing
- Key user or joint use of refrigerator at daily life
- Middle to high household income (Above 8,000 RMB in Chengdu, and above RMB 15,000 in Shanghai and Beijing)
- All to be open to new ideas, particularly creative and articulate
Deliverables
The deliverables for this project include the following:
Qualitative Research:
- English recordings of interviews from end-users, OEMs and retailers
- Full report
Quantitative Research:
- Online survey data input
- Full report
Research Results
In qualitative stage, the research helped our client understand their potential customer’s perspectives on:
- Refrigerator usage
- Purchasing considerations and motivations
- Purchasing behaviors
- General price considerations
- Would consumers pay a premium for value-adding features?
- Value propositions & applications per type of refrigerator
In quantitative stage, the research tested new technical features and helped our client:
- Define end-users’ needs & current users’ problems
- Find out which combination of features would be best for consumers, including noise, food life, freezer burn, energy efficiency, multi-temperature compartments
- Identify differentiation criteria to hedge against competition