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Research Outline
Prepared for Sheelagh L. | Delivered August 7, 2019
Brand recognition in Asia
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Goals
To understand how well Black & Decker, Stanley and Dewalt brands are recognized in China, Japan and southeast Asian countries.
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Early Findings
China
In 2015,
D
e
w
a
l
t
successfully
stopped
Chinese manufacturer
P
o
s
i
t
e
c
from using its trademark black and yellow design scheme in manufacturing copycat tools. This implies that
D
e
w
a
l
t
has decent
b
r
a
n
d
recognition in China, as a manufacturer felt copycat tools would sell well.
Stanley Black & Decker recently
announced
it was moving production of its signature Craftsman tools back to the US, out of China.
TTI is Black & Decker's biggest competitor that operates in China. However, the company
exports
the vast majority of its tools, and has manufacturing facilities around the world, so it is unclear how its presence affects brand recognition inside China.
Japan
In
Japan
, Stanley Black & Decker (who also own
D
e
w
a
l
t
) compete heavily with power tool manufacturer
M
a
k
i
t
a
.
Hitachi
is also quite competitive.
M
a
k
i
t
a
sells
18.8%
of its tools within the country, implying the brand likely dominates.
Overall
According to Black & Decker's latest
annual report
, the vast majority of their tool sales come from "home centers and mass merchants in the U.S. and Europe".
The company's net sales were
$1.23 billion
across all of Asia, around 8.8% of total net sales.
In 2016, Bosch invested
80 million Euros
into bolstering its SE Asian presence. The article doesn't specify if they felt Black & Decker was a current competitive threat.
There were no publicly available sources detailing the market presence of power tool brands in the Asian market.
Proprietary Research Available
Bolster your final deliverable with proprietary research from the
Freedonia Group
starting at an additional $251. This research includes specific sections on the Chinese, Japanese and other Asian power tool markets, purchasable individually.
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