Haier SWOT analysis evaluates the brand by its strengths, weaknesses, opportunities & threats. In SWOT Analysis of Haier, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
Haier is one of the leading brands in the consumer electronics sector. The article below lists the Haier SWOT, competitors and includes its target market, segmentation, positioning & USP.
In this article:
For Haier, 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 Haier 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.
A list of strengths is mostly the starting point in starting SWOT analysis. Below are the Strengths in the SWOT Analysis of Haier :
1. Haier has one of the world’s largest market share in white goods
2. Among the top 20 most trusted brands in India with strong advertising
3. Haier is a leader in China in volume terms in the major appliances market
4. It is growing its international reach also and has growing retail footprint
5. Has a cash conversion cycle of -10 days
6. Over 80,000 people are employed with Haier
7. Acquisition of other companies & brands have further strengthened Haier's market position
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 Haier SWOT Analysis:
1. Haier is too dependent on China. Most of its volume sales have been reported in China.
2. Heavily reliant on government subsidies in China
Read more about Haier
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 Haier SWOT Analysis:
1. Acquisition of Sanyo brand gives Haier greater footing in Japan and high growth economies like Vietnam.
2. Its wide product range across price segments helps it play well in markets like India
3. More tieups will give Haier a global perspective in Europe and US
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 Haier are as mentioned:
1.Rising wages in China might exert pressure on its margin
2.Possible decrease in major appliance spending in China especially in the premium segment where Haier is present through its Casarte and Leader brands
There are several brands in the market which are competing for the same set of customers. Below are the top 4 competitors of Haier:
3.GE General Electric
Hence this concludes the Haier SWOT analysis.
Continue reading more about the brand/company.
Haier has the largest share of white goods & consumer appliances across the world
People looking for consumer electronics & appliances
Middle and upper class segments
Haier is a Chinese consumer electronics brand with global presence
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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