Published in Transport and Logistics category by MBA Skool Team
OTIS Elevator Company is one of the leading brands in the transport and logistics sector. OTIS Elevator Company SWOT analysis evaluates the brand by its strengths & weaknesses which are the internal factors along with opportunities & threats which are the external factors. Let us start the SWOT Analysis of OTIS Elevator Company:
Installed elevators in some of the world's most famous structures like Eiffel Tower, WTC , Petronas Twin Towers, Burj Khalifa etc
Acclaimed brand worldwide
Services available in more than 200 countries
Continuous investment in new products, technologies and intelligent systems
Barriers to entry is relatively high
Over 60,000 people are employed with the organization
Above are the strengths in the SWOT Analysis of OTIS Elevator Company. The strengths of OTIS Elevator Company looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
OTIS Elevator Company Weaknesses
Competition from big players as well as local players means limited market share
Accidents in the past have hurt the brand image
These were the weaknesses in the OTIS Elevator Company SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
OTIS Elevator Company Opportunities
Strong growth in Brazil,India, China and other strong Asian countries. The company should capitalize on the growth opportunities because of stagnation in relatively developed markets
With a strong history, Otis has vast R&D resources and continually keeps on implementing new technologies
Tie-ups with real-estate & construction companies can boost business
Above we covered the opportunities in OTIS Elevator Company SWOT Analysis. The opportunities for any brand can include prospects of future growth.
OTIS Elevator Company Threats
Strong competition - Many competitors of Otis are equal in size with almost similar resources and experience
Though Otis invests heavily in R&D , other companies replicate the technology and thus hurt Otis
The threats in the SWOT Analysis of OTIS Elevator Company are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
World's largest manufacturer of elevators and escalators
OTIS Elevator Company STP
Builders & Contractors
Businesses that require elevator and escalator solutions
Enables people to move safely with best service and support
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