Percent Market Share Of State Of Total US Market Calculator

Formula Used:

\[ \text{Percent Market Share of State} = \frac{\text{Domestic Passenger Enplanement}}{(\text{Domestic Passenger Enplanement in Location 'i'} \times \text{Percent Market Share for Airport 'i'} \times \text{Percent Market Share for Region} \times \text{Total Scheduled Domestic Passenger})} \]

Domestic Passenger Enplanement:

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Domestic Passenger Enplanement in Location 'i':

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Percent Market Share for Airport 'i':

Percent Market Share for Region:

Total Scheduled Domestic Passenger:

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Percent Market Share of State:

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1. What is Percent Market Share of State?

Percent Market Share of State is the percent of total sales in an industry generated by a particular state. It helps in understanding the market dominance and competitive position of a state within the national market.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

Domestic Passenger Enplanement - A passenger boarding a plane at a particular airport
Domestic Passenger Enplanement in Location 'i' - Originating and connecting passengers boarded at Airport
Percent Market Share for Airport 'i' - Airport's share of total scheduled domestic passenger enplanement in region 'j'
Percent Market Share for Region - Region's share of total state market
Total Scheduled Domestic Passenger - Total boarding of aircraft by revenue passengers

Explanation: This formula calculates the market share percentage by considering multiple factors that influence a state's position in the national market.

3. Importance of Market Share Calculation

Details: Accurate market share calculation is crucial for strategic planning, competitive analysis, and understanding regional market dynamics in the aviation industry.

4. Using the Calculator

Tips: Enter all values as positive numbers. Market share percentages should be entered as whole numbers (e.g., 40 for 40%). All values must be greater than zero for accurate calculation.

5. Frequently Asked Questions (FAQ)

Q1: What does Domestic Passenger Enplanement represent?
A: It represents passengers boarding a plane at a particular airport, including both originating and connecting passengers.

Q2: How is Percent Market Share for Airport 'i' determined?
A: It's calculated as the airport's share of total scheduled domestic passenger enplanement within its region.

Q3: What is the significance of Percent Market Share for Region?
A: It represents the region's percentage of total state market sales in the industry being analyzed.

Q4: Are there limitations to this calculation method?
A: The accuracy depends on the quality of input data and assumes consistent measurement across all variables.

Q5: How often should market share calculations be updated?
A: Regular updates are recommended, typically quarterly or annually, to reflect changing market conditions.