How to conduct a competitive marketing analysis

How to conduct a competitive marketing analysis
To summarize this article for me:
How to conduct a competitive marketing analysis

A competitive marketing analysis involves examining the strategies and performance of companies in your market. It helps you understand your competitors' positioning and identify opportunities to differentiate yourself. For example, by studying the revenue generated in your industry , you can identify market leaders and analyze current trends. This information allows you to anticipate market developments and better meet consumer expectations. A well-conducted analysis can also increase your market share, strengthen your competitive advantage , and attract more customers.

Key Points of a Competitive Marketing Analysis

  • Competitive marketing analysis helps you understand what your rivals are doing and find ideas to be different.

  • Find your competitors, both near and far, to better understand your market.

  • Gather reliable information from multiple sources to guide your choices.

  • Study the strengths and weaknesses of your rivals to see how you can differentiate yourself.

  • Monitor your competitors frequently to anticipate their actions and improve your plan.

Understanding competitive marketing analysis

Definition and objectives of a competitive marketing analysis

Competitive marketing analysis involves examining your competitors' strategies, strengths, and weaknesses. It helps you understand their market positioning and identify opportunities to differentiate yourself. The primary goal is to gather relevant information to make informed decisions. This includes evaluating market share, pricing, advertising campaigns, and customer feedback.

To clearly define the objectives of a competitive analysis, it is essential to rely on reliable and well-structured data. Here is a table illustrating best practices to follow:

Selection criteria

Good practice

Bad practice

Quantitative data

Revenue figures, market share

Unsubstantiated opinions

Sources

Industry reports, customer studies

Outdated or biased information

Focus

Factors with a high strategic impact

An exhaustive list without hierarchy

By following these best practices, you can avoid common mistakes and maximize the impact of your analysis.

Why is a competitive marketing analysis essential?

Competitive marketing analysis plays a key role in developing your marketing strategy. It allows you to better understand consumer expectations and adapt your offering accordingly. For example, a sports brand used social data to reposition its messaging around inclusivity. This change resulted in a 40% increase in organic engagement .

By studying your competitors, you identify their weaknesses and exploit these gaps to differentiate yourself. You can also anticipate market trends and adjust your strategy before your rivals. This strengthens your positioning and improves your competitiveness.

In summary, a well-conducted competitive marketing analysis gives you a strategic advantage. It helps you remain relevant in a constantly evolving market.

Steps to conduct a competitive marketing analysis

Steps to conduct a competitive marketing analysis
Steps to conduct a competitive marketing analysis

Identify your direct and indirect competitors

To begin a competitive analysis, you must identify your direct and indirect competitors. Direct competitors are those who offer products or services similar to yours and target the same customer base. Indirect competitors, on the other hand, offer alternative solutions that meet the same needs. For example, an electric bicycle company might consider electric scooter manufacturers as indirect competitors.

To effectively identify your competitors, you can rely on several key indicators:

  • Revenue

  • Market share

  • Customer satisfaction

These criteria allow you to better understand who influences your market and how they position themselves. Once this step is completed, you will have a clear view of the competitive environment in which you operate.

Collect relevant data

Once you have identified your competitors, it is essential to collect reliable data to support your analysis. Several sources can provide you with valuable information:

  • INSEE : Socio-economic data such as average income and consumption habits.

  • Eurostat : Economic indicators such as GDP per capita.

  • Bank of France : Economic indicators to anticipate demand cycles.

  • Demand basis for land values : Assessment of purchasing power and residential dynamics.

  • INSEE's professional mobility : Analysis of customer journeys to optimize your points of sale.

  • Sectoral consumption time series : Identification of growing niches or declining segments.

  • Bpifrance and INPI : Information on regulatory monitoring and investments.

By using these resources, you can collect quantitative and qualitative data that will help you better understand your competitors and the market. This information is essential for structuring your analysis and guiding your strategic decisions.

Analyze the strengths and weaknesses of competitors

Analyzing your competitors' strengths and weaknesses allows you to better understand their assets and vulnerabilities. This step is crucial for identifying opportunities for differentiation. For example, if a competitor excels in customer service but charges high prices, you could position yourself as a more affordable alternative while maintaining a competitive level of service.

Here is a table illustrating the benefits of this step in a marketing strategy:

Objective

Profit

Impact on strategy

Market understanding

Global vision of the environment

Adapting the offer to trends

Strengthening the strategy

Continuous improvement of tactics

Campaign and resource optimization

Proactivity

competitive moves

Increased responsiveness to changes

Identifying opportunities

Discovering new segments

Development of new products or services

By studying your competitors' strengths, you can learn from their best practices. By analyzing their weaknesses, you can identify gaps to exploit and differentiate yourself. This approach helps you build a more robust marketing strategy tailored to your market.

Evaluate your own positioning and competitive advantage

To succeed in a competitive market, you need to assess your positioning and identify what sets you apart from your competitors. This step helps you understand how your business is perceived by your customers and determine if your offering effectively meets their expectations.

1. Analyze your value proposition

Start by examining your value proposition. Ask yourself some key questions:

  • What problems do you solve for your clients?

  • What makes your product or service unique?

  • Why do your customers choose you over a competitor?

A clear and compelling value proposition is essential for attracting and retaining customers. If you're struggling to answer these questions, gathering direct feedback from your customers through surveys or interviews can be helpful.

💡 Tip : Compare your value proposition with that of your competitors. Identify the elements that differentiate you and highlight them in your communication.

2. Evaluate your market performance

To assess your positioning, analyze your performance using concrete data. Here are some key indicators to examine:

  • Market share : How do you compare to your competitors?

  • Customer satisfaction : Are your customers satisfied with your offer?

  • Customer retention rate : How many customers return to buy again?

This data allows you to measure your impact on the market and identify areas for improvement. For example, a low customer retention rate may indicate a problem with customer satisfaction or service quality.

3. Identify your competitive advantages

A competitive advantage is what makes you unique and difficult to imitate. This can include:

  • An innovative technology.

  • Exceptional customer service.

  • Competitive prices.

  • A strong brand image.

To identify your advantages, compare your strengths with your competitors' weaknesses. For example, if your competitors have long delivery times, you can differentiate yourself by offering fast and reliable delivery.

🔍 Note : Your competitive advantage must be sustainable. Avoid relying solely on easily copyable elements, such as a temporary promotion.

4. Adjust your strategy based on the results

Once you've identified your positioning and advantages, use this information to adjust your strategy. If you find that your communication isn't sufficiently highlighting your strengths, review your marketing messages. If your prices aren't competitive, consider revising your pricing policy.

Evaluating your positioning is an ongoing process. The market evolves, as do consumer expectations. By incorporating this step into your competitive analysis, you remain agile and ready to respond to changes.

Tools for effective competitive marketing analysis

Tools for effective competitive marketing analysis
Tools for effective competitive marketing analysis

Competitive intelligence tools (e.g., SEMrush, SimilarWeb)

Competitive intelligence tools play a crucial role in marketing competitive analysis. They allow you to monitor your competitors' performance, identify their strategies, and spot opportunities to improve your positioning. Among the most popular tools are SEMrush, SimilarWeb, and Ahrefs. These platforms offer a variety of features, such as keyword analysis, backlink tracking, and web traffic assessment.

Here is a comparison table to help you choose the tool that best suits your needs:

Tool

Free trial

Freemium

Price (starting from)

Semrush

$139.95/month

Ahrefs

✅ (free tools)

€119/month

Ubersuggest

✅ (free tools)

€29/month

Moz

$49/month

Majestic

$46.99/month

Similarweb

Price upon request

Cocolyze

$69.99/month

💡 Tip : If you're a beginner, opt for tools like Ubersuggest that offer freemium options. This will allow you to test their features before investing in a paid version.

These tools help you collect accurate data and monitor your competitors in real time. By using them, you can refine your marketing strategies and stay competitive.

Competitive analysis of competitors' social media marketing

Social media is a goldmine for understanding your competitors' strategies. By analyzing their posts, you can identify the types of content that generate the most engagement, the hashtags they use, and feedback from their community. This allows you to spot trends and adjust your own strategy.

To conduct this analysis, follow these steps:

  1. Identify key platforms : Determine where your competitors are most active (Instagram, LinkedIn, TikTok, etc.).

  2. Analyze their content : Note the formats they prefer (videos, carousels, stories) and the topics they cover.

  3. Evaluate their engagement : Observe the number of likes, comments and shares to understand what works.

  4. Monitor their community : Study user feedback to identify their expectations and frustrations.

🔍 Note : Tools like Hootsuite or Sprout Social can help you automate this competitive marketing analysis and obtain detailed reports.

By studying your competitors' social media, you can not only draw inspiration from their best practices, but also identify opportunities to stand out.

Market research and consumer surveys

Market research and consumer surveys are essential for understanding the expectations of your target audience. They allow you to identify unmet needs, monitor emerging trends, and assess the impact of your competitors' strategies.

Here are some key advantages of market research:

  • They reveal customer needs and preferences, helping you develop suitable products.

  • They highlight trends like sustainable fashion, allowing you to attract environmentally conscious consumers.

  • They identify gaps in the market, offering you opportunities to outperform your competitors.

To conduct an effective study, use tools like Google Forms or SurveyMonkey to create surveys. Ask simple and direct questions:

  • What products or services are missing from the market?

  • What are your main frustrations with the current offers?

  • What criteria influence your purchasing decisions?

💡 Tip : Combine your survey results with sector data from sources like INSEE or Eurostat to get a complete view of the market.

By incorporating this information into your competitive marketing analysis, you can adjust your strategy to better meet your customers' expectations and strengthen your market position.

Analysis of competitors' websites and advertising campaigns

To understand your competitors' digital strategy, you need to analyze their websites and advertising campaigns. These elements reveal how they attract customers, promote their products, and position themselves in the market. By studying these aspects, you can identify opportunities to improve your own strategy.

1. Evaluate competitors' websites

Start by examining your competitors' websites. These platforms often reflect their overall strategy. Here are some key points to analyze:

  • Design and ergonomics : Is the site easy to navigate? Are the visuals attractive?

  • Content : What types of content do they publish? Blog articles, videos, or case studies?

  • SEO : What keywords do they use to rank in search engines?

  • Calls to action (CTAs) : How do they encourage visitors to take action (buy, sign up, etc.)?

💡 Tip : Use tools like SEMrush or Ahrefs to analyze the SEO performance of their sites. This allows you to discover the keywords that generate the most traffic.

By studying these elements, you can identify best practices to adopt and mistakes to avoid. For example, if a competitor is neglecting SEO, you can leverage this to improve your online visibility.

2. Analyze their advertising campaigns

Competitors' advertising campaigns offer valuable insights into their priorities and strategies. Here are some digital indicators that demonstrate their impact:

  • Sales increased by 40% for a client in the small household appliance sector.

  • Increase in the average basket size of 2 euros for a cheese interprofessional organization.

  • Using incremental return on ad spend (i-ROAS) to measure the actual effectiveness of campaigns.

This data shows how advertising directly influences business performance. To analyze these campaigns, follow these steps:

  1. Identify the platforms used : Study whether your competitors favor Google Ads, Facebook Ads, or other channels.

  2. Examine the ad formats : Note whether they use videos, banners, or text ads.

  3. Analyze the key messages : What arguments do they use to convince their audience?

  4. Keep an eye out for promotions : Look out for special offers or discounts they are offering.

🔍 Note : Tools like SimilarWeb or Adbeat can help you monitor your competitors' advertising campaigns and gain detailed insights.

3. Compare their performance with yours

Once the competitive marketing analysis is complete, compare the results with your own performance. Ask yourself some key questions:

  • Do your campaigns generate as much engagement as those of your competitors?

  • Is your website as attractive and functional?

  • Are your advertising messages as impactful?

If you identify any gaps, adjust your strategy to address them. For example, if your competitors are using video ads that generate high engagement, consider incorporating that format into your campaigns.

By studying your competitors' websites and advertising campaigns, you gain a clear understanding of their strengths and weaknesses. This allows you to strengthen your own strategy and better meet your audience's expectations.

Leveraging the results of competitive marketing analysis

Identify opportunities for differentiation

A well-conducted competitive marketing analysis allows you to identify unique opportunities to differentiate yourself. Observe your competitors' weaknesses and think about innovative solutions to address unmet customer needs. For example, if a competitor offers fast service but lacks personalization, you can position yourself as a more attentive alternative to individual needs.

To identify these opportunities, ask yourself the right questions:

  • Which market segments are being neglected?

  • What customer needs remain unmet?

  • How can you offer added value?

💡 Tip : Use customer feedback to understand what they're looking for and what's missing. This will guide you in creating a differentiated offering.

Adjusting your marketing strategy for a competitive marketing analysis

Once you've identified opportunities, adapt your marketing strategy to better meet market expectations. Highlight your strengths and adjust your messaging to reflect your unique value proposition. For example, if your advantage lies in competitive pricing, clearly communicate this strength in your advertising campaigns.

Here are some concrete actions to adjust your strategy:

  1. Review your communication channels to effectively reach your target audience.

  2. Optimize your content to highlight your competitive advantages.

  3. Launch promotions or special offers to attract new customers .

🔍 Note : A flexible marketing strategy allows you to adapt quickly to market changes and remain competitive.

Optimizing your market positioning

To strengthen your market position, it's essential to optimize your positioning. Analyze customer feedback and campaign performance to adjust your offering. For example, if your competitors dominate a specific segment, explore less saturated niches where you can excel.

Here are some steps to optimize your positioning:

  • Highlight your competitive advantage in all your communications.

  • Improve the customer experience to build customer loyalty.

  • Regularly monitor market trends to anticipate changes.

💬 Reminder : Your positioning should reflect what makes you unique and meet the expectations of your target audience. This will allow you to strengthen your reputation and attract more customers.

Implement regular competitor monitoring

To stay competitive, you need to regularly monitor your competitors. This monitoring allows you to anticipate their moves and adjust your strategy accordingly. Here's how to set up an effective system.

1. Create a list of competitors to monitor

Identify the most relevant companies in your sector. Classify them into two categories:

  • Direct competitors : Those who target the same customer base with similar products.

  • Indirect competitors : Those who offer alternatives to your offer.

💡 Tip : Update this list every six months to include new players or remove those who are no longer active.

2. Use monitoring tools

Automate your tracking with the right tools. Here are a few options:

  • Google Alerts : Set up alerts to receive notifications about mentions of your competitors.

  • Feedly : Brings together news and publications from their blogs.

  • Note : Monitor their presence on social media.

These tools allow you to save time and stay informed in real time.

3. Analyze the collected data

Don't just collect information. Analyze it to identify trends or strategic changes. For example, if a competitor launches a new advertising campaign, assess its impact on the market.

🔍 Note : Schedule a monthly review to summarize the data and adjust your actions.

4. Involve your team

Share your monitoring results with your team. Organize meetings to discuss implications and opportunities. Active collaboration strengthens your ability to react quickly.

By implementing regular monitoring, you always stay one step ahead. This gives you a lasting strategic advantage.

A successful competitive marketing analysis relies on key steps: identifying your competitors, collecting relevant data, analyzing their strengths and weaknesses, and assessing your own positioning. These actions allow you to better understand your market and identify opportunities for differentiation. For example, 70% of companies see improved results thanks to a multichannel strategy, while 44% increase their advertising budget to maximize their digital impact.

To stay competitive, adopt a continuous approach. The market is evolving rapidly: 64% of Google searches are now conducted on mobile devices, and 90% of organic clicks come from the first page of results. By regularly monitoring your competitors and adjusting your strategy, you can anticipate trends and effectively meet your customers' expectations.

Apply these tips today to optimize your competitive marketing analysis strategy and strengthen your market position. A thorough competitive marketing analysis is your best asset for staying ahead.

How to conduct a competitive marketing analysis?

Expert references and credible studies

Studies and data

  • Harvard Business Review (2023): “Companies that conduct quarterly competitive marketing analysis are 2.4 times more likely to outperform their competitors.” Link to the study

  • McKinsey & Company (2024): “Automated SWOT analysis reduces market research time by 60%” Source

  • Gartner (2023): “72% of marketing directors now use AI for their competitive intelligence” See the report

Recognized experts in competitive marketing analysis

  • Philip Kotler (Father of Modern Marketing): “Marketing competitive analysis is not an option, it is a necessity for survival.” Exclusive Interview

  • Neil Patel (Digital Marketing Expert): “My free tools like Ubersuggest provide 80% of the data needed for good competitive analysis” Article

  • Mary Meeker (Partner at Bond Capital): “Competitive benchmarks are the compass for tech startups” Internet Trends Report 2023

Detailed testimonials from marketing competitive analysis experts

  1. Pierre Dubois, CEO of a SaaS scale-up :
    “By systematically analyzing the pricing pages of 5 competitors using Hotjar, we optimized our pricing structure and increased our conversions by 35% in 3 months.” Full testimonial

  2. Sophie Martin, B2B Marketing Manager :
    “Our revised BCG matrix revealed an under-exploited segment of competitive marketing analysis, generating an additional €1.2 million in revenue.” Detailed client case study

Personal stories and case studies on competitive marketing analysis

Tesla vs. Traditional Cars Case Study:
An in-depth competitive marketing analysis of Tesla's annual reports shows how their study of traditional dealerships' weaknesses revolutionized direct selling. MIT Study

Personal experience at L'Oréal:
“By mapping the digital share of voice of 12 competitors over 18 months, we identified an opportunity in TikTok video content, capturing an additional 23% market share.” L'Oréal internal publication

User experiences of competitive marketing analysis

  1. Thomas, Founder of a foodtech startup :
    “Analyzing competitor keywords with SEMrush allowed us to discover 152 search queries not being used by our direct competitors.” LinkedIn post

  2. Comparative Analysis of Airbnb and Booking:
    A six-month study of the content marketing strategies of the two giants reveals radically different approaches to experiential marketing. HEC Paris Case Study

Academic sources in competitive marketing analysis

  • Journal of Marketing Research (2023): “The Impact of Positioning Matrices on Strategic Decisions” Study Link

  • Stanford Graduate School of Business: “Analyzing Competitive Gaps in Highly Disruptive Industries” Online Course

User testimonials for competitive marketing analysis

  1. Marie, CMO Retail :
    “Our quarterly benchmark of competitor promotions saves us €300,000 per year in ineffective marketing.” RetailTech Interview

  2. Alex, e-commerce entrepreneur :
    “Analyzing the Amazon product listings of our 3 main competitors boosted our conversions by 22%.” Ecom Nation Podcast

  3. Dr. Zhang, Pharma Sector Analyst :
    “Our competitive intelligence reports have reduced the time-to-market for our new drugs by 8 months.” Pharma Journal Publication

  4. Sarah, Luxury Brand Manager :
    “Social listening revealed to us how our competitors were better leveraging micro-influencers.” Luxury Research Study

  5. David, SME Consultant :
    “A simple analysis of our competitors' Google reviews gave us 47 ideas for customer improvement.” Forbes article

Stories and anecdotes about a competitive marketing analysis

  1. Netflix vs. Blockbuster:
    Analyzing the flaws in Blockbuster's "late fees" model was crucial to Netflix's strategy. Harvard Business Case

  2. Dyson and patent analysis:
    Five years of studying competing patents led to Dyson's key technological developments. BBC report

  3. Nike vs. Adidas on Instagram:
    Pixel-by-pixel analysis of Instagram posts revealed fundamental differences in content strategies. Socialbakers study

  4. The Supermarket Wars
    : Weekly analysis of promotional flyers has allowed Carrefour to develop its pricing algorithm. (Les Echos article)

  5. Uber and Wait Time Analysis:
    Constant benchmarking of competitor response times has shaped the Uber user experience. TechCrunch Analysis

Strategic segmentation: competitive marketing analysis

Type of Segmentation

Practical Application

Recommended Tools

Sectoral (Luxury vs Mass)

Price analysis and positioning

Brandwatch, Luxurynsight

Behavioral (B2B vs B2C)

Customer journey analysis

Hotjar, Mixpanel

Geographic (Local vs Global)

Benchmark of regional strategies

SEMrush Local, Google Trends

Technological (Early adopters vs Late majority)

Analysis of preferred channels

SimilarWeb, App Annie

Company size (VSE vs. ISE)

Comparison of marketing budgets

Crunchbase, LinkedIn Sales Navigator

marketing
analysis framework [Data collection] → [Segmentation] → [SWOT analysis] → [Positioning] → [Action plan] → [KPI tracking]

Questions and Answers on Competitive Marketing Analysis

What are the essential tools for competitive marketing analysis?
The tools vary depending on the needs: SEMrush for SEO, SimilarWeb for traffic, Owler for company information, and Crayon for AI. A complete guide to these tools.

How to analyze competitors without a budget?
Use free tools: Google Alerts, Ubersuggest, public reports, and manual social media analysis. Detailed method.

How often should you conduct competitive marketing analysis?
Quarterly for major analyses, monthly for key indicators, and in real time for certain sectors like tech. (Gartner study)

How do you measure the effectiveness of your competitive marketing analysis?
By tracking changes in your market share, relative growth rate, and the ROI of actions inspired by the analysis. (McKinsey model)

What mistakes should be avoided in competitive marketing analysis?

  1. Focusing solely on major competitors

  2. Neglecting the analysis of new entrants

  3. Forgetting to regularly update data:
    A Forbes article on errors

How do you analyze indirect competitors?
By studying the alternatives your customers are considering, even in other industries. The “jobs to be done” method. Harvard Business Review

What indicators should you prioritize for a competitive marketing analysis?
Share of voice, engagement rate, price positioning, market share, and customer satisfaction. A complete guide to KPIs

How to protect your data from competitive marketing analysis?
Through reverse intelligence, control of public information, and controlled disinformation strategies. Deloitte White Paper

Will AI replace human competitive marketing analysis?
No, it augments it. AI processes the data, but humans interpret it and make strategic decisions. MIT Sloan Study

How to train your team in competitive marketing analysis?
Through certification courses (SCIP), practical workshops, and the gradual use of tools. Certification program

FAQ on competitive marketing analysis

How can I identify my main competitors?

To identify your competitors, analyze companies that target the same customer base with similar products. Use tools like Google Maps or LinkedIn to locate local players and market leaders. Also, examine customer reviews to understand their impact.

What tools are most useful for competitive marketing analysis?

Tools like SEMrush and SimilarWeb allow you to monitor your competitors' performance. Google Alerts is ideal for keeping up with their news. If you're just starting out, opt for freemium options like Ubersuggest to test their features without investing immediately.

How often should I update my competitive marketing analysis?

You should update your analysis every six months. This allows you to keep up with market developments and new competitor strategies. If your sector is very dynamic, consider quarterly updates to stay competitive.

How can I use the results of my analysis?

Use the results to adjust your marketing strategy . Highlight your competitive advantages in your campaigns. If you identify weaknesses in your competitors' offerings, propose innovative solutions to address unmet customer needs.

Is it necessary to monitor competitors' social media?

Yes, social media platforms reveal their strategies and community engagement. Analyze their posts to identify popular formats and topics that interest their audience. This helps you adapt your content and better meet your target audience's expectations.

See also on competitive marketing analysis

Mastering the Fundamentals of Growth Marketing Effectively

Developing a High-Performing Business Strategy for 2025

CROC Approach: Organize Your Telephone Prospecting Effectively

Techniques to Successfully Automate Your Sales Prospecting

Generating Qualified Leads: Top 15 Digital Marketing Tools

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