NASCAR SWOT Analysis, Competitors & USP
SWOT analysis of NASCAR analyses the brand by its strengths, weaknesses, opportunities & threats. In NASCAR 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 NASCAR to benchmark its business & performance as compared to the competitors. NASCAR is one of the leading brands in the sports teams and events sector.
The table below lists the NASCAR SWOT (Strengths, Weaknesses, Opportunities, Threats), top NASCAR competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).
| NASCAR Brand Analysis | |
|---|---|
| Parent Company |
National Association for Stock Car Auto Racing, LLC |
| Category |
Auto racing |
| Sector | |
| Tagline/ Slogan |
- |
| USP |
High quality auto racing with a global audience |
| NASCAR STP | |
| Segment |
All auto-racing enthusiasts |
| Target Group |
Male in the age group 15-60 |
| Positioning |
High quality auto racing in USA and Canada |
| SWOT Analysis of NASCAR | |
| NASCAR Strengths |
Below are the Strengths in the SWOT Analysis of NASCAR: 1. NASCAR stock racing has one of the highest TV ratings amongst all professional sports franchises in USA 2. NASCAR has a high revenue of millions of dollars than due to excellent merchandising, branding and ticket sales 3. The sports event has an association with top sponsors and global partners 4. Leading automobile companies participate in the race events which are highly publicized 5. The presence of F1 stars increased the popularity of NASCAR 6. There are more than 1000 races organized at over 100 race tracks in US, Mexico, Canada and Europe 7. Some popular Hollywood movies have promoted NASCAR race events as their primary theme, which shows the popularity of the sport |
| NASCAR Weaknesses |
Here are the weaknesses in the NASCAR SWOT Analysis: 1. Unlike F1, the NASCAR races are primarily held in USA and Canada and has a limited global audience 2.Various controversies regarding fuel consumption, emissions and pollution, and driver safety have affected the brand image of NASCAR |
| NASCAR Opportunities |
Following are the Opportunities in NASCAR SWOT Analysis: 1. Global expansion with races across the world will bring its popularity to the same level as F1, and will allow foreign sponsors and manufacturers to get involved 2. Switching to green fuel to make NASCAR environment friendly 3. Association with international car manufacturers can ensure a higher visibility for the racing events |
| NASCAR Threats |
The threats in the SWOT Analysis of NASCAR are as mentioned: 1. Threat from the aggressive expansion by F1 can affect the visibility of NASCAR 2. High spending by the F1 manufacturers and high salary will attract the best NASCAR drivers to join F1 3. Policies against motorsport and pressure from environmental organizations can impact its business |
| NASCAR Competition | |
| NASCAR Competitors |
Below are the top 4 competitors of NASCAR: 2. Moto GP 3. NFL |
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.
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 NASCAR. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors.
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