Cooper Tires SWOT Analysis
Here is a detailed SWOT analysis of Cooper Tires covering strengths, weaknesses, opportunities and threats.
Cooper Tires Strengths
- Cooper Tires has excellent brand equity.
- Cooper employees nearly 13,000 people around the world and have a strong revenue
- Cooper tires have a global presence being the tenth largest tire manufacturer in the world.
- Company is into business of manufacturing, sales and distribution of light vehicle replacement tires in US; it has 13% market share in US.
- Company is in top 8 truck manufacturing tires in China.
Above are the strengths in the SWOT Analysis of Cooper Tires. The strengths of Cooper Tires looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Cooper Tires Weaknesses
- They are primarily into the replacement market business in US but have less business with OEMs.
- Minimal presence in Brazil, India and South Africa-the three upcoming economies of the world and India becoming Automobile hub.
These were the weaknesses in the Cooper Tires SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Cooper Tires Opportunities
- They have growth opportunity in emerging economies like India, china, brazil etc.
- Their successful branding as the most Eco-friendly tire company may take them a long way.
- Opportunity to diversify more strategically to mitigate the risk of putting all the eggs in one basket and advertising that also.
- Company needs to market its recycle technology along-with various other green initiatives taken by them towards making contribution to society.
Above we covered the opportunities in Cooper Tires SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Read more about Cooper Tires
Cooper Tires Threats
- There is Stiff Competition from national and international brands.
- US economies are not growing much and have reached a maturity phase.
- Government Policies w.r.t export duties, import duties, tax levied on automobile industries and economic condition of nation as it determines the sale of automobiles.
- Introduction of other transport facilities like metro, monorails and local trains keeping pollution hazards caused by combustion of automobile fuels.
- Volatility of raw material prices
- Fluctuation of exchange rates
The threats in the SWOT Analysis of Cooper Tires are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Hence this concludes the Cooper Tires SWOT analysis.
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About Cooper Tires
The table below gives the brand overview along with its target market, segmentation, positioning & USP
| Cooper Tires Overview | |
|---|---|
| Parent Company |
Cooper Tire & Rubber Company |
| Category |
Tyre Industry |
| Sector | |
| Tagline/ Slogan |
Let other people make tires just for cars we make tires for people. |
| USP |
Creating superior value for our customers, employees, partners and shareholders. |
| Cooper Tires STP | |
| Segmentation |
Automobile industry |
| Target Market |
Light Car tire replacement segment in US and OEMs in China |
| Positioning |
Superior quality tires; safety; socially responsible |
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