GLOBAL MARKET SEGMENTATION AND DETERMINATION OF TARGET GROUPS
WHAT ARE CONSUMER STYLES?
The data Global Consumer Styles is an innovative model for market segmentation and determination of target groups. Our segmentation approach has 10 internationally comparable consumer groups based on the characteristics of the population. It helps companies identify which consumer types are using their products and where these consumers are most likely to be found. This is an alternative to the socio-demographics and purchasing power as when collecting data for the consumer styles the key focus is on the people and their interests and lifestyles. This approach makes use of the principle that people with similar backgrounds and ages normally settle down in the same neighborhood. Consumer Styles are currently available for more than 50 countries in five continents.
WHICH CONSUMER STYLES ARE MOST FREQUENT AND WHERE?
The data shows for these countries the most prominent Consumer Style within an area.
- Where do the Apple and Android-users live?
- Why do people drive a SAAB even though they could afford a Porsche?
- Who prefers to buy in a store instead of online shopping?
- Who only buys brand names?
- Where do people live who like buying sport products, clocks and jewelry?
- Who is interested in further education?
- Where do the leisure-oriented people live?
WHAT IS THE BASIS OF THE CONSUMER STYLES?
The data Global Consumer Styles is created by our experts on the basis of various segmenting criterions identified and validated in detail in extensive research on international level. The criterions include sociodemographics, value orientations, mindset, attitudes and motivations, consumer behavior and consumption volume.
The data are based on a representative global survey of around 16,000 consumers. The results were used to identify relatively homogeneous population groups with different characteristics and purchasing behavior.
These are condensed across countries into 10 different “Consumer Styles”. The result is a consistent and internationally comparable database for global market segmentation.
Consumer Styles are flexible and can be customized to suit specific customer requirements. For example, specific consumer brand preferences (e.g. preferred car brand) or even behavioral characteristics (e.g. social media consumption).
GLOBAL CONSUMER STYLES – 10 INTERNATIONALLY VALIDATED CONSUMER STYLES
Type A - High Earning Urban Professionals
Consumers in this segment show the highest per-capita income of all segments. They live almost all in single or multi-person households without children. They are employees, mainly in a managerial position or self-employed and have far above average or higher education. Regarding the willingness to spend for product groups such as clothing, this segment is a leader. They live mainly in metropolitan areas and large cities. Regarding smartphones, other than in most other segments, Apple is preferred to Samsung.
Type B - Comfortably Off Empty Nesters
The consumers in this segment are almost all in the second half of life and live in households without children. In shopping, they value quality and well-known brands. They also have favorite brands and shops and are able to keep track of a wide range of products and services offered; they prefer Brick and Mortar instead of online. Their per-capita income is significantly above average.
Type C - Modern and Pragmatic Over-50s
The consumers in this segment are predominantly in the second half of life and live in households without children. Environmental protection and innovation have a high priority. High value is set on careful purchase planning. Best value for money is systematically searched. The per-capita income in this segment is mostly well above average, whereas the per-household income is, due to the domination of one- or two-person households, mostly around or slightly below average.
Type D - Well Informed Modern Consumers
The consumers in this segment have significantly high expenditures in product groups like clocks and jewelry and sport products. They are able to keep track of a wide range of products and services offered. Online purchase is well above average. They are significantly above average white collar employees. Quality, innovation and environmental protection have a high priority. The majority has a well above average per-capita income.
Type E - Affluent Highly Educated Urban Families
Type F - Security-oriented Seniors
The consumers in this segment are almost all in the second half of life and live mostly in households without children. They put emphasis on security, relationships with fellow men and self-respect. Share of retirees is the highest in this segment. They search for best value for money and have favorite brands and shops. The majority in this segment has an around average per-capita income.
Type G - Orientation Seeking Lower and Middle Class Consumers
Important values for the consumers in this segment are excitement, sense of belonging and social engagement. They are interested in new products but often find the quantity and quality of the many different products and the related product information confusing. The majority in this segment has a below average per capita income.
Type H - Younger Lower and Middle Class Consumers
Type I - Modern Younger Families
Type J - Low-Income Younger Consumers
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