SKF SWOT Analysis, Competitors & USP

Posted in Industrial Products and Chemicals, Total Reads: 3882

SWOT analysis of SKF analyses the brand/company with its strengths, weaknesses, opportunities & threats. SKF is one of the leading brands in the industrial products and chemicals sector. The table below also lists the top SKF competitors and elaborates SKF segmentation, targeting, positioning & USP.

SKF

Parent Company

Svenska Kullagerfabriken AB (AB SKF)

Category

Industrial Equipment (Bearings, Linear Motion Products, Seals, Lubrication systems, Maintenance products, Condition Monitoring, Grease)

Sector

Industrial Products and Chemicals

Tagline/ Slogan

The power of knowledge engineering

USP

Increased focus on developing services and products

SKF STP

Segment

Manufacturing companies

Target Group

Industrial, Automotive, Specialty Business

Positioning

Improve efficiency and reduce energy losses

SKF SWOT Analysis

Strengths

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of SKF. Strengths are:

1.  Consists of approximately 150 companies worldwide and has clients’ such as General Electric, Rolls – Royce plc, Pratt & Whitney

2.  It has global certification to IS0 14001 (environmental management system), ISO 50001 (energy management) and OHSAS 18001 (health and safety) standards.

3. Largest bearing manufacturer in the world and has around 48,600 employees in 140 production and manufacturing sites

4. It has been listed as amongst the largest public companies in the world according to Forbes Global 2000 ranking

5. It has 15,000 worldwide distribution locations across 130 countries

6. It has a positive cash flow with net income of SEK 4.750 billion in 2014

7. It has an ability to continuously develop new technologies and use them to create products that offer competitive advantage to the customers

8. Invests heavily in R&D and has 18 technical centres around the world

Weaknesses

Here are the weaknesses in the SKF SWOT Analysis:

1. Local players who has more cultural and localized knowledge of the region than SKF and have greater accessibility to the customers 
2. SKF has less global presence in tools and equipments of lubrication where the market is largely fragmented 

Opportunities

Following are the Opportunities in SKF SWOT Analysis:

1. Portfolio diversification through mergers and acquisitions 
2. Capturing more market share through growing technology and localized knowledge 

Threats

The threats in the SWOT Analysis of SKF are as mentioned:

1. Fluctuating exchange rate and interest rate risks as due to its global presence the company has to transact in several foreign currencies
2. Fluctuations in raw material and component cost risk
3. Industrial disputes due to changing labor laws might impact the efficiency of the workers and SKF’s ability to meet customer demand

SKF Competition

Competitors

Below are the top 3 SKF competitors:

1. TATA
2. ABC
3. BEKA


The brandguide table above concludes the SKF SWOT analysis along with its marketing and brand parameters. Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry.

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