SWOT analysis of TAG Heuer analyses the brand/company with its strengths, weaknesses, opportunities & threats. In TAG Heuer 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 TAG Heuer to benchmark its business & performance as compared to the competitors and industry. TAG Heuer is one of the leading brands in the lifestyle and retail sector. The table below also lists the top TAG Heuer competitors and elaborates TAG Heuer market segmentation, target group, positioning & Unique Selling Proposition (USP).
| TAG Heuer Brand Analysis | |
|---|---|
| Parent Company |
LVMH Louis Vuitton S.A. |
| Category |
Watches and Accessories |
| Sector | |
| Tagline/ Slogan |
What are you made of? |
| USP |
TAG Heuer offers a sporty look in the luxury segment |
| TAG Heuer STP | |
| Segment |
Premium watches segment across the world |
| Target Group |
Young Affluent Men from High Income group |
| Positioning |
TAG Heuer is positioned as a classy & prestigious sports watch |
| TAG Heuer SWOT Analysis | |
| Strengths |
Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of TAG Heuer. Strengths are: 1. TAG Heuer is an established brand around the world, high international brand awareness 2. High brand recall of TAG Heuer as the official timekeeper of World class sporting events like the Olympics, Formula One etc 3. Member of the FHH – the most exclusive club in the Swiss watch-making Industry 4. High brand loyalty and brand equity 5. TAG Heuer has associations with international celebrities for brand promotion through TVCs and print ads 6. Strong backing and financial position of the parent company helps the brand grow 7. TAG Heuer has a very strong legacy since its inception in 1860 8. The company has exclusive showrooms and available at premium watch stores in more than 120 countries 9. More than 1500 people are employed with the TAG Heuer brand |
| Weaknesses |
Here are the weaknesses in the TAG Heuer SWOT Analysis: 1. Counterfeit watches spoil the brand name and affect the business 2. Competition from luxury brands means limited market share growth for TAG Heuer |
| Opportunities |
Following are the Opportunities in TAG Heuer SWOT Analysis: 1. High growth in the luxury watches segment in emerging economies can be tapped by TAG Heuer 2. High-end watches are the first luxury pieces that a consumer buys giving a window of opportunity for the brand to establish itself as the first luxury piece aspired by a consumer 3. Innovation in terms of digital watches can help the TAG Heuer brand explore more business avenues |
| Threats |
The threats in the SWOT Analysis of TAG Heuer are as mentioned: 1. Intense competition from luxury watch makers can affect business 2. Low switching costs for the wealthy people can hurt brand loyalty of TAG Heuer 3. Threat from cheap and fake imitations which can hurt sales & business |
| TAG Heuer Competition | |
|
Competitors | Below are the top 16 TAG Heuer competitors: 1. Breguet 2. Rolex 3. Cartier 4. Omega 5. Longines 6. Rado 7. Tissot 8. Hublot 10. Swatch 11. Chopard 12. Breitling 13. Seiko 14. Richemont 15. Panerai 16. Ulysse Nardin |
The brandguide table above concludes the TAG Heuer 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. Browse marketing analysis of more brands and companies similar to TAG Heuer. The BrandGuide section covers SWOT Analysis, USP, STP & Competition of more than 6000 brands from over 20 categories.
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