Lincoln Electric SWOT Analysis, USP & Competitors

Posted in Heavy Equipment & Engineering, Total Reads: 1788
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SWOT Analysis of Lincoln Electric with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

Lincoln Electric

Parent Company

Lincoln Electric

Category

Arc welding equipment

Sector

Manufacturing

Tagline/ Slogan

The Welding Experts

USP

Lincoln is among a few worldwide broad-line manufacturers of both consumable products and arc welding equipment

STP

Segment

Welding products, consumables, plasma and oxy-fuel cutting equipment and robotic welding systems

Target Group

Transportation, Pipeline, Pipe Mill, LNG, Structural and Shipbuilding

Positioning

Highest quality welding, cutting and joining products

SWOT Analysis

Strengths

1. Worldwide network of sales offices and distributors covering more than 160 countries
2. It has 40+ manufacturing locations in North America, Middle East, Europe, Asia and Latin America
3. World leader in the development, design, and manufacture of arc welding products, plasma ,robotic arc-welding systems and oxyfuel cutting equipment
4. Solves customers’ process problems and improve productivity by combining both consumables development and equipment needs into one integrated package

5. Technological innovation enables the company to earn a premium price for many of its products

6.Product support and guarantee increases the brand value

7. Over 10,000+ people are employed with the company

Weaknesses

1. Maintaining operational efficiency worldwide

2. Cultural problems(as it serves worldwide) and limited market share due to intense competition

Opportunities

1.Emerging economies like China, India offers a huge opportunity for growth 
2.Strategic alliances with other companies

3. Better marketing strategies can improve the brand recognition

Threats

1. Product line disputes

2.Component and material sourcing

3.Local competitors with an established presence

Competition

Competitors

1. ESAB Holdings Ltd
2. Illinois Tool Works Inc
3. Ador Welding Ltd.



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