1. Previous PATENTS
2. Existing products
3. Potential market
Source 1: http://www.bls.gov/ooh/installation-maintenance-and-repair/automotive-service-technicians-and-mechanics.htm
The Bureau of Labor Statistics says there are 740,000 employed in the field. This shows there is a very big potential market. These 740,000 do not even include all of the people who work on cars as a hobby. The field grows 5% annually which shows it is not going anywhere anytime soon.
The Bureau of Labor Statistics says there are 740,000 employed in the field. This shows there is a very big potential market. These 740,000 do not even include all of the people who work on cars as a hobby. The field grows 5% annually which shows it is not going anywhere anytime soon.
4. Summary
We first began searching for existing patents. We could not find one exactly like ours. They all either did not have wheels or were too big to fit under a car. After looking for patents we looked for products. Again, none were exactly like what we are planning on doing. They were not made with a lot of small compartments to help hold things together, most did not have wheels, and they were not made to go under a car. Our product is very unique. We then looked at our survey for our potential market and also researched for a source. Our potential market is 51-64 year olds because that is when the effects of being a mechanic hit mechanics, and it hurts their bodies.