Lippert Components SWOT and PESTLE Analysis

Strength

1. Leader in the OEM segment: The OEM segment accounted for 88% of the company's net sales in 2019 and 83% of the operating profit of the consolidated segment. Approximately 61% of net sales in the OEM segment of the company in 2019 were from travel trailer and fifth wheel RV manufacturers' products. Motorized or towable, RVs can be (travel trailers, fifth wheel travel trailers, folding camping trailers and truck campers). Raw materials used in the OEM segment of the company consisting primarily of extruded aluminium, glass, wood, fabric and foam steel (coil, sheets, tube and I beam) are available from a number of domestic and foreign sources.

2. Competitive Products and Businesses: The Company has accumulated and acquired a wide variety of competitive technologies, products, and businesses, advancing diverse companies to meet the needs of the world. Products like Access Baggage Doors, 360 Siphon Roof Vent Cap, Automatic Levelling, Axles, and better bath and kitchen products give an edge to LCI over other organizations. It has a leading market share with unmatched depth and breadth of products where there are almost 15 product lines and product offerings in almost 11 industries such as RV, Marine, Cargo, Train etc. LCI is scaled at high variation production where it serves the 3 critical customer needs with 7 core competencies applicable across a number of customer segments. It has created a culture among distributors, where the distributors does not only sell the products of the business, but also invest in training the sales team to demonstrate to the consumer how the full benefits can be obtained from the products.

The remaining section under "Strength" is available only in the 'Complete Report' on purchase.

Weakness

This section is available only in the 'Complete Report' on purchase.

Opportunity

This section is available only in the 'Complete Report' on purchase.

Threat

This section is available only in the 'Complete Report' on purchase.

Political

This section is available only in the 'Complete Report' on purchase.

Economic

This section is available only in the 'Complete Report' on purchase.

Social

This section is available only in the 'Complete Report' on purchase.

Technological

This section is available only in the 'Complete Report' on purchase.

Legal

1. Subject to numerous international federal state and local regulations: The company is subject to a range of international federal and local legislation regulating the manufacture and sale of goods, including the regulations and standards adopted by the DOT's NHTSA, the Consumer Product Safety Commission, the HUD and the standards of consumer safety enacted by State regulatory agencies and industry associations. Sales and manufacturing activities may be subject to similar legislation in foreign countries. The credibility, net profits, financial conditions and operating results of the company may be adversely affected by any significant recalls of goods, voluntary or involuntary. Changes in laws or regulations that place additional regulatory requirements on LCI can increase the cost of doing business or limit their actions, adversely affecting the outcome of operations. Failure to comply with current or future regulations and standards may result in the imposition of fines, penalties, reminders or injunctions, administrative penalties, possible civil and criminal liability, termination of sales or production, or cessation of business.

Environmental

This section is available only in the 'Complete Report' on purchase.