SEGMENTATION, TARGET MARKET SELECTION AND POSITIONING (STP) PRACTICE in AUTOMOTIVE INDUSTRY | Marketing Management |
CONTENTS GENERAL INFORMATION 2 OVERVIEW OF THE INDUSTRY 2 PROCESS OF SEGMENTATION 6 Demographic Features 7 Age Factor 7 Gender Factor 7 Income Factor 8 CHOICE OF TARGET MARKET 9 Five Patterns of Target Market Selection 9 Single-Segment Concentration 9 Selective Specialization 9 Product Specialization 9 Market Specialization 10 Full Market Coverage 10 POSITIONING 10 Perceptual Maps 11 Value Map 12 APPENDIX (TABLES) 13 SOURCES 18
SEGMENTATION, TARGET MARKET SELECTION AND POSITIONING PRACTICE IN AUTOMOTIVE INDUSTRY GENERAL INFORMATION
Companies cannot connect with all
…show more content…
Table 2 shows the Automotive Vehicles Park in Turkey and Table 3 shows the Motor Vehicles by Types and Provinces for the year 2007. As shown in Table 3, the province involves the biggest number of motor vehicles is İstanbul, and an interesting data is “the number of personal cars in İstanbul is bigger than the total amount of motor vehicles of each province”!!! Another interesting data is “the number of trucks in Şırnak, different from other provinces, is 5 times bigger than the number of personal cars!!! After the year 2001, the variety of products manufactured in Turkey increased. Technology, qualified human resources and globalization made it necessary to produce various products. In general, it was an obligation for Turkey’s automotive industry to use modern technology, to produce according to scale economy principles, and to be competetive in price and quality in international market. As a result, product diversification has emerged. In 2001 economic crisis, the capacity usage in production decreased until 29%, but today it is almost 86% . In 1993 exportation / production rate was 2%, but with the decrease in demand by the effect of exchange rates and economic crisis, manufacturers headed towards mostly exporting their products to other countries. In 2007 exportation / production rate was 73%, as a result  (see Table 4 in appendix). High rivalry in global automotive industry causes good improvements in technology.