Published by MBA Skool Team, Last Updated: April 27, 2020
SWOT analysis of Maybach analyses the brand by its strengths, weaknesses, opportunities & threats. In Maybach SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
SWOT Analysis is a proven management framework which enables a brand like Maybach to benchmark its business & performance as compared to the competitors. Maybach is one of the leading brands in the automobiles sector.
The article below lists the Maybach SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the Maybach SWOT Analysis:
For Maybach, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position.
The strengths of Maybach looks at the key aspects of its business which gives it competitive advantage in the market. Some important factors in a brand's strengths include its financial position, experienced workforce, product uniqueness & intangible assets like brand value. Below are the Strengths in the SWOT Analysis of Maybach :
1. Strong luxury status of Maybach cars across the world
2. Owning a Maybach is more than just a status symbol
3. Being an aspirational luxury brand, it has a high brand recall
4. Not available in most countries shows Maybach's exclusivity
5. Imported from Stuttgart in Germany for all the customers in a Fully built format
The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Here are the weaknesses in the Maybach SWOT Analysis:
1. Has not been profitable in recent times
2. Maybach's inability to leverage the Daimler group’s strengths
The opportunities for any brand can include areas of improvement to increase its business. A brand's opportunities can lie in geographic expansion, product improvements, better communication etc. Following are the opportunities in Maybach SWOT Analysis:
1. Since it has the Luxury perception, Maybach should venture in truly customized product
2. It should increase its focus on the Luxury aspect & more on the performance
3. It should bring in new models but make sure that they are practical as the Exelro had to be returned by many buyers
The threats for any business can be factors which can negatively impact its business. Some factors like increased competitor activity, changing government policies, alternate products or services etc. can be threats. The threats in the SWOT Analysis of Maybach are as mentioned:
1. Limited sales and competition from other luxury brands
2. Worsening economic scenario can crush all hopes of Maybach’s revival as the economic crisis had hurt it sales drastically
There are several brands in the market which are competing for the same set of customers. Below are the top 8 competitors of Maybach:
Maybach is positioned as a super premium luxury car
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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