Professional Documents
Culture Documents
SEGMENTATION:
SEGMENTATION GEOGRAPHIC DEMOGRAPHIC PSYCHOGRAPHIC BEHAVIOURAL
- Income: Have a
stable full-time job
and earn a High
income.
- Income:
Medium to Medium
high income.
2. TARGETING:
HONDA has successfully adapted the concentrated targeting strategy by identifying
customers’ unique needs and providing goods tailored to their tastes. Young Male Working
Adults are the potential target audience for Honda Air Blade 125cc, which is considered the
largest segment of users about age and gender through income statistics which is believed
to be the fastest-growing current ( Euromonitor International 2020). Most men aged 22-35
have a high demand for choosing a high quality and eco-friendly means of transport,
powerful engines, and a new, more luxurious design.
Most men in the age that the company targets are always sensitive and flexible with new
modern technologies, understanding that needs, Honda catching up with the contemporary
market by introducing the Air Blade 125cc. According to statistics, Vietnamese people,
especially those aged 22-35 tend to pay a lot of money for high-quality or premium items
based on their rapidly increasing income. ('Vietnamese using more premium products as
incomes rise', Vietnamnet, January, viewed 17 January 2018.) (a)
Air Blade 125cc is a premium bike which satisfies the insight of people in this specific group.
According to the main slogan of Air Blade 125cc that Honda wants to convey to consumers,
that is “Breakthrough power,” showing clearly Honda’s direction towards strong men who
want to experience the latest edition of bike. Besides that, Air Blade 125cc is one of the
products for speed enthusiasts thanks to powerful acceleration technology (H 2019, [Product
video] Honda Air Blade 150cc/125cc - Uy lực bức phá., video recording.) (b)
'Fertility rate in Vietnam from 2000 to 2020, with a forecast to 2025 by age group', viewed 22
March 2021.
<https://www.statista.com/statistics/1101017/vietnam-fertility-rate-by-age-group/>
'Total population in Vietnam from 2017 to 2020, by gender', Statista, viewed 23 March 2021.
<https://www.statista.com/statistics/1101383/vietnam-total-population-by-gender/>
'Đánh giá Honda Airblade 2020 về ưu nhược điểm & giá bán bao nhiêu? giá mới nhất hôm nay',
Blogxe, blog post, viewed 21 February 2020.
<https://blogxe.vn/danh-gia-honda-airblade-2017-ve-uu-nhuoc-diem/>
Euromonitor International 2020, Income and Expenditure: Vietnam, Country report, viewed 19
October 2020, Passport database.
2019, [TVC] Honda Air Blade 150cc/125cc hoàn toàn mới – Uy lực bứt phá., video recording,
viewed 18 December 2019.
<https://www.youtube.com/watch?v=cTTxMRKU8JI>
2019, [Product video] Honda Air Blade 150cc/125cc - Uy lực bứt phá., video recording, viewed
18 December 2019.
<https://www.youtube.com/watch?v=Y6OpOjxuDdE> (b)
2018, 'Vietnamese using more premium products as incomes rise', Vietnamnet, 17 January,
viewed 17 January 2018.
<http://english.vietnamnet.vn/fms/business/193770/vietnamese-using-more-premium-products-
as-incomes-rise.html> (a)