Measuring and observing and testing instruments
The market for measuring and observing and testing instruments in the Western Cape is worth about R4.1 million, which is a decent size. However, it's not growing at the moment, with zero year-on-year growth, so you'll need to compete for a share of the existing market. With only 19 suppliers currently serving 2 departments, it's relatively uncrowded, which could be an opportunity for your business. It's also worth noting that over 53% of the spend in this market goes to black-owned businesses, so having a strong B-BBEE level could be an advantage. To get started, I'd recommend researching the specific needs of the 2 departments that are buying these instruments, to see if your business can offer something that sets you apart from the existing suppliers.
R4M
19
2
R152K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
53.2%
4.5%
4.3%
0.5%