Under Armour SWOT Analysis, Competitors & USP

Posted in Lifestyle and Retail, Total Reads: 13992
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SWOT Analysis of Under Armour with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

Under Armour

Parent Company

Under Armour

Category

Clothing, footwear, sports equipment, accessories

Sector

Lifestyle and Retail

Tagline/ Slogan

Protect This House

USP

Under Armour has an untiring pursuit of innovation and passion in its products to make athletes feel better

Under Armour STP

Segment

Athletes and sports wear enthusiasts

Target Group

Premium and stylish sports wear targeting individuals who seek comfort as the prime factor along with style during athletic activities.

Positioning

Under Armour is positioned as a brand, every product of which does something for you, that is makes you feel better.

Under Armour SWOT Analysis

Strengths

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of Under Armour :

1. Under Armour is expanding to other sports, it has huge potential to expand since it’s a new company.

2. The prime feature what differentiates the company’s products from its competitors is the innovation in the highly engineered products which make the athletes feel better in weather extremes.

3. Under Armour has a strong community involvement with programs like UA Give Back with different branches like UA Power in Pink, UA Freedom and UA Win Global.

4. Acquisitions of digital app maker MapMyFitness , the calorie and nutrition app MyFitnessPal and fitness app maker Endomondo further diversify the revenue sources of the company.

5. High and constant growth in revenues ensure billion dollar turnovers for the company

6. Increasing share price of Under Armour boosts investor confidence

7. Shoes are the fastest growing product line of Under Armour

Weaknesses

1. Relatively new company with limited stores and presence in few markets.

2. Consumer Products Safety Commission of the US announces a voluntary recall of Under Armour brand athletic cups which might break when hit causing serious injury.

Opportunities

1. Since innovation is the backbone of the products of Under Armour, with its constant innovation it can extend its product line to increase the benefits offered and attract more consumers.

2. Huge potential since the company is a relatively new company, it can expand to unexplored markets in Asia, Europe and Australia.

3. Kids comprise the largest consumer market in terms of sports apparel, team gear and equipment and the company’s partnership with NBA league will create high brand visibility for the viewers who are mostly kids.

4. Tapping online shopping can be a big boost for Under Armour

Threats

1.Competitors like Adidas and Nike have high brand recognition and recall with high customer base globally which is a major threat for Under Armour.

2. Some products like chin straps or athletic cups which may cause injury to the athletes are very sensitive and can harm the brand name.

3. Brand awareness is still low compared to global apparel & footwear brands

Under Armour Competition

Competitors

Below are the 12 main Under Armour competitors :

1. Nike

2. Reebok

3. New Balance

4. Converse

5. Puma

6. Fila

7. Bata

8. Liberty Shoes

9. Adidas

10. Umbro

11. Woodland

12. Asics


The brandguide table above concludes the Under Armour 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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