Skoda SWOT Analysis, Competitors & USP

SWOT analysis of Skoda analyses the brand by its strengths, weaknesses, opportunities & threats. In Skoda 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 Skoda to benchmark its business & performance as compared to the competitors. Skoda is one of the leading brands in the automobiles sector.

The article below lists the Skoda SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the Skoda SWOT Analysis:

SWOT Analysis of Skoda

For Skoda, 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.

Skoda Strengths

The strengths of Skoda 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 Skoda :

1. Skoda Auto is a leading automobile company and offers a wide range of variants including petrol, diesel and electric

2. Skoda cars have spacious interiors and passenger space both front and rear legroom as well as headspace

3. It includes technological innovations like telescopic power steering, EBS, MSR, EBS, anti-skid braking and much more

4. The company has a high brand recall in markets of UK, Europe, Middle-East, Africa & South America

5. Skoda has a production output of over 1 million cars per annum and has over 30,000 employees globally

6. It has high performance cars which participate in many international racing events

7. Excellent advertising and branding makes Skoda a global name in automobiles

8. The company has received several awards for the cars in various segments

9. The brand has good visibility via advertising campaigns via TV, online, print, social media and digital marketing channels

Skoda Weaknesses

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 Skoda SWOT Analysis:

1. Extremely stiff competition in the segment means limited market share growth for Skoda

2. Still trying to establish itself in the emerging economies as compared to some other competitors

Skoda Opportunities

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 Skoda SWOT Analysis:

1. Collaborations with automobile entities to penetrate deeper in the market through distribution and servicing network

2. Augmenting automobile market can be beneficial for Skoda Auto company

3. Augmenting manufacturing capabilities to produce more cars

4. Cheaper variants and hybrid cars can help Skoda increase its market reach

Skoda Threats

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 Skoda are as mentioned:

1. Rapid technological innovations implemented in upcoming cars can boost its business

2. Intense competition from international car manufacturers or economic recession can reduce Skoda's market share 

3. New hybrid fueled and concept cars can hamper the business of petrol & diesel variants

Skoda Competitors

There are several brands in the market which are competing for the same set of customers. Below are the top 12 competitors of Skoda:

1. Honda

2. Toyota

3. Nissan Motors

4. Chevrolet

5. Fiat

6. Mitsubishi Motors

7. Maruti Suzuki

8. Tata Motors

9. Hyundai Motors

10. Volkswagen

11. Volvo

12. Ford

Hence this concludes the Skoda SWOT analysis.

Continue reading more about the brand/company.

About Skoda

Skoda Overview
Parent Company	Skoda Auto & Volkswagen Group
Category	Sedan, hatchback, SUV
Sector	Automobiles
Tagline/ Slogan	Simply Clever
USP	Skoda offers cars which are comfortable, Spacious, Elegant, Smooth performer
Skoda STP
Segmentation	Automobile users
Target Market	Urban Families, Businessmen
Positioning	Skoda is positioned as a value-for-money car manufacturer providing comfort and spacious interiors
Skoda Product Portfolio
Brands	1. Skoda Yeti 2. Skoda Superb 3. Skoda Octavia 4. Skoda Laura 5. Skoda Fabia The above mentioned brands are the prominent products under the Skoda product portfolio.

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.

Browse marketing analysis of more brands and companies similar to Skoda. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors.

Continue Reading: