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Carrier Global SWOT & PESTLE Analysis

ID : 52801653| Oct 2020| 15 pages

COMPANY PROFILE -Carrier Global

Business Sector :Manufacturing, HVAC systems, refrigeration, Fire & security solutions

Operating Geography :United States, North America, Global

About Carrier Global :

Carrier Global Corporation, founded in 1915, is an American Company and one of the global leaders in providing healthy, safe and sustainable building and cold chain solutions. They started as a ventilation and air condition system but later expanded to commercial refrigeration and fire & security. In 2019-20, it reported a revenue of $18.6 billion serving customers and industrial units in 160 countries with a workforce of 53,000 employees. Their portfolio includes many industry-leading brands such as Carrier, Kidde, Edwards, LenelS2, Automated Logic and many more. The company is organized into three business segments – HVAC, refrigeration, and Fire & Security. HVAC segment provides solutions to meet the heating and cooling needs of commercial units and residential customers while the refrigeration segment provides transport refrigeration and commercial refrigeration products and solutions. Fire and security business encompass a wide range of residential and building systems which include fire detection, smoke detection; portable fire extinguishers and commercial fire suppression systems as well as security solutions such as intruder alarms, access control and video management systems.

Carrier Global Revenue :


$18.60 Billion - Fiscal Year ended 2019 (YoY growth negative 1.63%)
$18.91 Billion - Fiscal Year ended 2018

Competitive Analysis of Carrier Global

SWOT
PESTLE
The SWOT analysis of Carrier Global is presented below:
Strengths
Weaknesses
1. Extensive Global footprint with one of the leading manufacturer of HVAC systems
2. Strong global workforce and employer of choice
3. Efficient and environment friendly products and services
4. Strong Focus on Research and Development
5. Operational excellence and digital systems
6. Strong, long-term distribution relationships
7. Proven track record of innovation with focus on world mega-trends
1. Increasing labor costs and labor regulations
2. Increased operating and administrative costs
Opportunities
Threats
1. Megatrends driving industrial growth rate
2. Increasing focus on digitalization
3. Increasing market share and geographical coverage
4. Expansion in higher value-added services and aftermarket offerings
1. High competition in the market
2. Currency rate fluctuations and market risks
3. Complying with increasingly stringent environmental regulations
4. Climate change and associated risks
SWOT & PESTLE (combined)
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Detailed SWOT Analysis of Carrier Global

 

Strength

1. Extensive Global footprint with one of the leading manufacturer of HVAC systems: Carrier has a global footprint with market presence in 160+ countries and 53,000 employees, including 3600 engineers. They have a strong network of distributors, independent sales representatives, wholesalers, dealers, channel partners and retail outlets. They are one of the leading global providers of healthy, safe and sustainable building and cold chain solutions and one of the leading manufacturers of HVAC systems. They leverage their expertise with more than 100 years of experience in creating optimal indoor environments, collaborating with academic researchers and global experts

2. Strong global workforce and employer of choice: One of the greatest assets for Carrier Global Corporation is the expertise, creativity and passion of their employees. They are looked as one of the preferred employers to work for as they strive to provide a great place to work that attracts, develops and retains the best talent, promotes employee engagement and development. They have a diverse workforce of 53,000 employees globally in 2019. They have a very robust talent acquisition process to attract talent from the diverse backgrounds. They foster an inclusive culture in the workplace that drives employee engagement, employee retention, employee development, teamwork and innovation. They also undertake a lot of training and development programs to expand their knowledge and learn new skills to remain competitive and advance in the careers. This all has helped to build an inclusive employee culture with a strong, trained and motivated workforce which provides a competitive edge to Carrier.

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Weakness

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Opportunity

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Threat

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Check Out Analysis of Other Relevant Companies

TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
References used in Carrier Global Analysis Report

1. Carrier Global Corporate Report 2020 - https://www.corporate.carrier.com/Images/Carrier-2020-ESG-Report_tcm558-84190.pdf

2. Carrier Global Investor Report 2020 - https://ir.carrier.com/static-files/a9cc6ceb-d7e8-46e5-ac87-fff92cb11401

3. Carrier Global Annual Report 2018 - https://dyvmwwyqozzzb.cloudfront.net/main/Annual-Report-of-Carrier.pdf

4. Carrier Global ESG Report 2020 - https://www.corporate.carrier.com/Images/Carrier-2020-ESG-Report_tcm558-84190.pdf

The detailed complete set of references are available on request in the 'Complete report' on purchase.

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Carrier Global SWOT & PESTLE Analysis - SWOT & PESTLE.COM

SWOT & PESTLE.com (2020). Carrier Global SWOT & PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/carrier-global/ [Accessed 02 Dec, 2020].

In-text: (SWOT & PESTLE.com, 2020)

Copyrights and Disclaimer

Carrier Global SWOT and PESTLE analysis has been conducted by Saurav Mansingka and reviewed by senior analysts from Barakaat Consulting.

Copyright of Carrier Global SWOT and PESTLE Analysis is the property of Barakaat Consulting. Please refer to the Terms and Conditions and Disclaimer for usage guidelines.

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Carrier Global SWOT & PESTLE Analysis
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