Areas of activity for Boing Company
Which business areas do they operate in? Their approximate market shares in these businesses?
Who are their local and global competitors? Briefly compare their positions.
How did they perform financially in the past five years?
Boeing is the world’s largest company for aerospace and one of the leading manufacturer of the following machines like :-
- Commercial jetliners.
- Space and security systems.
- Service provider of aftermarket support.
- Manufacturing exporter.
Being the major player in the industry the company holds almost more than 45% of the market share. Boeing is a very huge giant in its market and so small competitions doesn’t matter for it. But globally Boeing company has the following competitors :-
- United Aircraft Corporation)
- Mitsubishi Aircraft
Airbus, Embraer and Bombardier are the local competitors where in they are also becoming giants in the marketing and giving a competition to Boeing company. Where as from entrants from Russia Irkut – United Aircraft Corporation, from China (COMAC) and Japan (Mitsubishi Aircraft) companies are a tight and tough competition. Due to these companies present in their own countries and continent, Boeing is now facing a country specific competition also.
Example – Japan will trust Mitsubishi more as compared to Boeing.
All the companies perform well in the last 5 years. But Boeing being the leader almost, it has more revenue share amongst all the other companies. In the last 5 years the requirement of the aircrafts due to global development where as security machines demand have also increased due to the tensions going on between countries. And in the coming time it shall continuously keep on increasing.