Snap-On SWOT Analysis, Competitors & USP

Snap-On

Parent Company

Snap-On Inc

Category

Professional Tools

Sector

Industrial Products and Chemicals

Tagline/ Slogan

Being a Pro Matters

USP

Uncompromising quality and fearless innovation

Snap-On STP

Segment

Hand Tools , Power tools, Shop tools , Diagnostics

Target Group

B2B, Businesses requiring professional tools

Positioning

Better , Faster , Smarter products

Snap-On SWOT Analysis

Strengths

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of Snap-On :

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

Snap-On Competition

Competitors

Below are the 3 main Snap-On competitors :

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