OTIS Elevator Company SWOT Analysis, Competitors & USP

Posted in Transport and Logistics, Total Reads: 7137

SWOT analysis of OTIS Elevator Company analyses the brand/company with its strengths, weaknesses, opportunities & threats. OTIS Elevator Company is one of the leading brands in the transport and logistics sector. The table below also lists the top OTIS Elevator Company competitors and elaborates OTIS Elevator Company segmentation, targeting, positioning & USP.

OTIS Elevator Company SWOT, Competitors, Marketing STP & Brand analysis Table
OTIS Elevator Company Brand Analysis
Parent Company

United Technology Corporation

Category

Elevators and Escalators

Sector

Transport and Logistics

Tagline/ Slogan

We'll take you all the way to the top

USP

World's largest manufacturer of elevators and escalators

OTIS Elevator Company STP
Segment

Builders & Contractors

Target Group

Businesses that require elevator and escalator solutions

Positioning

Enables people to move safely with best service and support

OTIS Elevator Company SWOT Analysis
Strengths

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of OTIS Elevator Company. Strengths are:

1. Installed elevators in some of the world's most famous structures like Eiffel Tower, WTC , Petronas Twin Towers, Burj Khalifa etc 
2. Acclaimed brand worldwide
3. Services available in more than 200 countries
4. Continuous investment in new products, technologies and intelligent systems

5. Barriers to entry is relatively high

6. Over 60,000 people are employed with the organization

Weaknesses

Here are the weaknesses in the OTIS Elevator Company SWOT Analysis:

1. Competition from big players as well as local players means limited market share

2. Accidents in the past have hurt the brand image

Opportunities

Following are the Opportunities in OTIS Elevator Company SWOT Analysis:

1. 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
2.With a strong history, Otis has vast R&D resources and continually keeps on implementing new technologies

3. Tie-ups with real-estate & construction companies can boost business

Threats

The threats in the SWOT Analysis of OTIS Elevator Company are as mentioned:

1. Strong competition - Many competitors of Otis are equal in size with almost similar resources and experience

2.Though Otis invests heavily in R&D , other companies replicate the technology and thus hurt Otis

OTIS Elevator Company Competition
Competitors

Below are the top 4 OTIS Elevator Company competitors:

1. ThyssenKrupp

2. Schindler Group

3. Kone

4. Mitsubishi Elevator

The brandguide table above concludes the OTIS Elevator Company 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 OTIS Elevator Company. The BrandGuide section covers SWOT Analysis, USP, STP & Competition of more than 6000 brands from over 20 categories.

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