What is Market Demand?
A definition of Market Demand
“Market demand refers to the total quantity of a product or service that consumers are willing and able to purchase at a given price over a specific period of time.”

Business Glossary > What is Market Demand?
Examples of Market Demand in a Sentence:
The company’s new product was met with high market demand.
Understanding market demand is crucial for setting competitive prices.
Market demand can fluctuate based on consumer preferences.
Why is Market Demand Important in Business?
Market demand is pivotal as it informs businesses about consumer needs and helps in making key decisions such as pricing, production, and marketing strategies. A proper understanding helps in aligning supply with consumer demand, optimizing profits.
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Associated Terms
Here are some associated business terms and synonyms for “Market Demand”:
- Consumer Demand
- Product Demand
- Demand Curve
Apple Market Demand
Apple frequently analyzes market demand before launching new products such as iPhones and MacBooks. By understanding consumer interest and trends, Apple can anticipate high demand and adjust their production and supply chain accordingly.
Final Notes on Market Demand
To effectively gauge market demand, businesses should continually assess consumer behaviors and preferences. This helps in making informed decisions about product development and inventory management.
This has been a definition of Market Demand meaning.
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