Published by MBA Skool Team, Last Updated: August 20, 2021
SWOT analysis of Puma analyses the brand by its strengths, weaknesses, opportunities & threats. In Puma 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 Puma to benchmark its business & performance as compared to the competitors. Puma is one of the leading brands in the lifestyle and retail sector.
The article below lists the Puma SWOT (Strengths, Weaknesses, Opportunities, Threats), top Puma competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).
Puma products are based on innovation and ultimate comfort in the apparel and shoes
Sportsmen, Men and women who like sporty energetic apparel with a spray of uniqueness in their apparel.
Urban young upper middle class and upper class Men and Women
Puma is an international brand with creativity, energy and style in their apparel at a very affordable price.
SWOT Analysis of Puma
For Puma, 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. Let us start the Puma SWOT Analysis:
The strengths of Puma 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. Below are the Strengths in the SWOT Analysis of Puma :
1. Puma is established over 90 countries and employs around 14000 employees all over the world.
2. Puma is the main producer of enthusiast droving shoes and racing suits in both Formula One and NASCAR.
3. It has entered into partnerships with famous companies like Ferrari and BMW.
4. Puma brand is very innovative and has a very rich Research and Development team. The Company produced the first screw boots for football and “Mexico 68” with the innovative brush soles, which were the most comfortable running shoes.
5. It has an excellent brand name throughout the world.
6. The brand has excellent management and marketing strategies and has the advertised the products very well and eye-catching throughout the world.
7. Puma has entered into sponsorships with various players and teams in different sects of the sporting industry.
8. Puma sponsors global events like FIFA football World Cup, Olympics, cricket, motorsports, rugby & many other sports
9. The brand has a strong online presence with good engagement on social media & ecommerce platforms
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 Puma SWOT Analysis:
1.Puma has tough competition and limited market share compared to Nike and Adidas
2.High brand switching means difficult to have loyal customer base
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 Puma SWOT Analysis:
1. The company can attain more sponsorship as more international events in the sporting industry are taking place.
2. Puma can start entering the lifestyle section of the industry
3. More advertising and branding to tap newer customers
5. Puma still has to increase its foothold in the emerging market
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 Puma are as mentioned:
1. Being a global brand, Puma's business is affected by recession and economic slowdown
2. There is extensive competition from existing players an new players which is growing in the industry.
3. Imitations of Puma brand is extensively increasing causing losses
4. Government policies and regulations can affect business operations
There are several brands in the market which are competing for the same set of customers. Below are the top 12 competitors of Puma:
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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