Snap-On SWOT Analysis, USP & Competitors

Posted in Industrial Products and Chemicals, Total Reads: 674
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SWOT Analysis of Snap-On with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

Snap-On

Parent Company

Snap-On Inc

Category

Professional Tools

Sector

Manufacturing

Tagline/ Slogan

Being a Pro Matters

USP

Uncompromising quality and fearless innovation

STP

Segment

Hand Tools , Power tools, Shop tools , Diagnostics

Target Group

B2B, Businesses requiring professional tools

Positioning

Better , Faster , Smarter products

SWOT Analysis

Strengths

1. Large use of technology enables it to stay ahead of the competition
2. Loyal customer base ensures that the brand strength is high
3. Its benchmarking program for all production facilities ensures energy conservation and proper waste management
4. Uses delivery vans to deliver their products directly to customers

5. The product portfolio includes Professional Automotive and Industrial Tools and Equipment

6. Employs approximately 11,500 people worldwide

Weaknesses

1. High prices of their tools as compared to lesser price of inferior alternatives

2. The brand is lesser known despite being an expert in the industry

Opportunities

1. New and emerging markets offer a good opportunity to grow
2. Increasing demand for high end technology products

Threats

1. Competition from other international players in multiple product categories

2. Strong distribution channels of competitors

Competition

Competitors

1. Stanley Black & Decker, Inc.
2.SKF AB
3. Makita Corp



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