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# Estimate the annual size of sport shoes in India

Updated: Nov 18, 2022

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In this estimation question we have analysed the market size of the annual size of sport shoes in India. Check out the step-by-step answer created by Mobiprep experts.

Approach:

### Estimation Question Step-1: Segmentation

Population of India = 140 crores

### Estimation Question Step-2: Solution

Weighted average = 10% + 20% + 12% + 8% + 10% = 50% (approx)

Weighted mean of all percentage = 80% x 50% x 55%

= 20% (approx)

Therefore, total number of sport shoes = 20% x 140 crores = 28 crores

Life of a sport shoes is assumed to be 10 months.

So, = 28 crores x 12/10 = 33.6 crores

So, weighted average price of market = 0.60x500 + 0.30x1500 + 0.10x3000

= Rs. 1000 (approx)

Therefore, total revenue generated by = 33.6 crores x 1000 = 33600 crores or 336 billion sport shoes anually (approx)