In this document we will discuss about Business Planning and below are the summary points of this document:-
Business concept: Developing and marketing Ned's Catalytic Converter for non-electric vehicles to generate clean emissions.
Market overview: The UK catalytic converter market has a compound annual growth rate of 8.05% and is projected to reach $55.16 billion by 2021.
Industry trends: The global market for catalytic converters is expected to reach $272.95 billion by 2024, driven by regulatory mechanisms and innovations in automobile manufacturing.