Published by MBA Skool Team, Last Updated: April 12, 2020
SWOT analysis of Formula One F1 analyses the brand by its strengths, weaknesses, opportunities & threats. In Formula One F1 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 Formula One F1 to benchmark its business & performance as compared to the competitors. Formula One F1 is one of the leading brands in the sports teams and events sector.
The table below lists the Formula One F1 SWOT (Strengths, Weaknesses, Opportunities, Threats), top Formula One F1 competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).
Formula One F1 SWOT Analysis, Competitors, Segmentation, Target Market, Positioning, USP & Brand Analysis Table
Racing of the highest order with the best cars and the best drivers
Formula One F1 STP
All auto-racing enthusiasts
High income male and female in the age group 15-60
High speed and high quality auto-racing
SWOT Analysis of Formula One F1
Formula One F1 Strengths
Below are the Strengths in the SWOT Analysis of Formula One F1:
1. High speed racing with speeds reaching as high as 350km/hr 2. Presence of the most talented drivers and top automobile brands in the world in the championship 3. Excellent marketing and merchandising 4. Tracks of the highest qualty
5. World-wide fan following
6. Some great rivalries over the years have added more glamour to the championship
7. Excellent TV coverage with a global audience of more than 550 million
Formula One F1 Weaknesses
Here are the weaknesses in the Formula One F1 SWOT Analysis:
1.Very high expenditures have forced several teams to withdraw 2.Various disputes between FIA and FOTA 3.Most of the times, the outcome is dependent on the quality of the cars rather than the quality of drivers
Formula One F1 Opportunities
Following are the Opportunities in Formula One F1 SWOT Analysis:
1.Focus on adding bio-fuel engines and other such measures to make F1 environment friendly 2.Explore into newer territories like Russia, South Africa etc in the future
Formula One F1 Threats
The threats in the SWOT Analysis of Formula One F1 are as mentioned:
1.Threat of the top teams breaking out from the F1 and forming a league of their own 2.Threat of top drivers moving on to other forms of racing 3.Threat from the growing popularity of Moto GP
Formula One F1 Competition
Formula One F1 Competitors
Below are the top 2 competitors of Formula One F1:
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 Formula One F1. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors.
The brand names and other brand information used in the SWOT Analysis section are properties of their respective companies. The companies are not associated with MBA Skool in any way. Edit the brand or add a new one to SWOT Analysis section : Contribute