Market Research & Opportunity Analysis Report – New Jersey.
Our expert team has studied New Jersey based upon changing market trends, demand & supply of products & services, government schemes & policies and have identified, traditional as well as new emerging business opportunities, and collected a few potential & profitable business ideas. And prepared a “Market Research & Opportunity Analysis Report for the New Jersey”.
New Jersey is a state located in the North-eastern region of the USA. It is the 4th smallest state with a geographical area of 8722.6 miles. It is the 11th most populous state with a total population of 9.3 million and with the highest population density of 1263 per sq. miles in the country.
The state has water border on the east and south side, it is surrounded by the Atlantic Ocean and on the southeast side by Delaware bay. It is divided into 3 geographical areas as North Jersey, Central Jersey and South Jersey. The climate of the state is humid subtropical and humid continental climate.
In the year 2021, the forecasted GDP of the state is US$ 650 billion, that will be about 2.6% of the total GDP of the nation. The key industry sectors in the state that provide employment are Biopharmaceutical & Life Sciences (2.2%); Transportation, Distribution, Logistics (11.8%); Financial Services (6.3%); Retail Trade (12.7%); Manufacturing (7%); Health Care; Technology (4.1%); Construction and Energy (2.2%); Leisure and Hospitality (11.2%).
The state has exported goods of worth US$ 38 billion in the year 2020 that accounted for 2.7% of total export of the country. The top 5 items that shipped were palladium (7.1%), Rhodium (6.6%), Precious metal waste or scrap (2.9%), Cell Phones (2.4%), Platinum waste, scrap (2.2%). The major export partners of the were Canada, United Kingdom, China, Mexico, Japan. In the same year 2020, the value of imported items was US$ 114.9 billion, i.e., 4.9% of the total USA’s import. The top imported items were Medicaments, In Measured Doses (11.5%), Light Oils (3.8%), Petroleum Oils (3.5%) and main import countries were China, Switzerland, India, Italy, Canada.
Transposition system in the state is well-developed that consists of roads, rail lines, airports and waterways. The major roads that handles high volume interstate traffic are New Jersey Turnpike and Garden State Parkway. The public transit is handled by New Jersey Transit that manages 3 light rail systems, 11 commuter rail lines, and bus system across the state. It has 2 international commercial airports and 3 non-commercial airports.
The state government provides financial support to businesses through a number of assistance programs as Premier Lender Program, Direct Loans, Access Program, Small Business Fund, Bond Financing, Business Lease Assistance Incentive, CFDI Loan to Lender Program, Lease Incentives, Industry Specific Programs, Technical Assistance Programs, Etc.
The major upcoming projects in the state consists of 2 offshore wind farms that will provide electricity to about a million houses; New York to New Jersey rail tunnel that will improve the transportation to next level.
Business ideas for the New Jersey consist of
- Food processing businesses as seafood processing
- Healthcare businesses as Tablets and Supplements manufacturing
- Tech businesses as VR gadgets manufacturing
- Clean energy business as Biofuel and Solar Panels manufacturing
- Service businesses as Logistic management
We have done market research and analysis and come up with the best business opportunities in New Jersey that are focusing on present situations. The ideas are based on the availability of resources and have huge growth potential in this state.
What I will get from this report?
- You will get researched based business ideas for the region.
- You will get geographical, demographical, and market data.
- You will get the market insights & dynamics (growth drivers, opportunities, threats, restraints).
- You will get the demand-supply matrix which will show the market potential.
- Most importantly you will get key details for each business idea.
Key questions answered in the report: –
- Which are the most profitable businesses in the selected locations?
- What are the major drivers, trends, restraints, threats, and opportunities of business ideas?
- What Infrastructure is available in a selected location.
All these and many more questions will be answered in the report with detailed information.
Why one should get this innovative report?
- This is the most innovative format of the report which helps you make the decision about the business idea on the basis of information provided.
- Most systematically researched and constructed report.
- Prepared by experts and professionals from the industry.
How I can order this report?
- You can ask for all business planning reports related to the subject.
- Drop a line about your interest to info@meticulousbplans.com
- OR fill up the inquiry form.
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