Kia Motors SWOT Analysis
Here is a detailed SWOT analysis of Kia Motors covering strengths, weaknesses, opportunities and threats.
Kia Motors Strengths
- One of South Korea’s largest Automobile producer
- Among the top 5 Largest Automobile Manufacturer based on its sales
- It has strong presence due its sponsorship to events like the Formula 1, Euro Cup, Australian Open, FIFA World Cup, X-Games in US
- Around 40,000 employees work for the company
- Good product portfolio and strong brand presence
- Has sales of nearly 1.5 million cars per year
Above are the strengths in the SWOT Analysis of Kia Motors. The strengths of Kia Motors looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Kia Motors Weaknesses
- Past recall of critical components like the Braking System was a concern
- It has not leveraged its presence & recognition globally even as it has created so many sponsorships
- Kia has nas not expanded aggressively in terms of the geographic reach
These were the weaknesses in the Kia Motors SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Kia Motors Opportunities
- Venture into emerging economies which a huge markets
- It can also enter various where competitors are unable to fill in the gap with their product portfolio
- Enter the defence market in the newly liberalized countries of the Jasmine Revolution since it already is existing in the defence sector
- Their all electric vehicles like the Venga & Pop City can open new avenues of business for Kia
Above we covered the opportunities in Kia Motors SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Read more about Kia Motors
Kia Motors Threats
- The Japanese players have made their presence in most of the markets around the world & secured steady market shares
- The competitors have better design & technology thus having better differentiation
The threats in the SWOT Analysis of Kia Motors are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Hence this concludes the Kia Motors SWOT analysis.
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About Kia Motors
The table below gives the brand overview along with its target market, segmentation, positioning & USP
| Kia Motors Overview | |
|---|---|
| Parent Company |
Hyundai Kia Automotive Group |
| Category |
Passenger Cars, SUVs &trucks |
| Sector | |
| Tagline/ Slogan |
The power to Surprise |
| USP |
It is one of the top auto manufacturers in the world |
| Kia Motors STP | |
| Segmentation |
Automobiles for personal and commercial use |
| Target Market |
Middle and upper middle class |
| Positioning |
Reliable Passenger Cars for the masses |
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