Top 10 Competitive Analysis Templates for Product Designers

Competitive analysis supports product designers in understanding their market position by evaluating competitor products, strategies, and customer feedback. It provides insights into industry trends, highlights gaps in the market, and identifies areas of improvement for your own product. A Competitive Analysis Notion template simplifies this process, offering a structured approach for gathering, organizing, and analyzing competitor information, thereby enhancing decision-making for product development and strategy. Before you start crafting your Competitive Analysis template, consider exploring the templates below to streamline your efforts.

What Should Competitive Analysis Templates Include?

Choosing the right Competitive Analysis Template can streamline your market research and provide valuable insights into your competitors. Here are key components to look for in an effective template:

  1. Market Overview: This section should provide a comprehensive view of the current market environment, highlighting key players and market trends.

  2. Competitor Benchmarking: Essential for comparing your product features, pricing, and strategies directly against your competitors.

  3. SWOT Analysis: A detailed SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis of competitors helps in understanding potential advantages and risks.

  4. Consumer Feedback Analysis: This should include tools or methods to gather and analyze customer feedback on your competitors’ products.

Selecting a template that comprehensively covers these aspects will ensure you have a robust framework for your competitive analysis, aiding in strategic decision-making.

What Should Competitive Analysis Templates Avoid?

Choosing the right competitive analysis template is crucial for effective product design. It's important to know what features can hinder rather than help your analysis.

  1. Overly Complex Metrics: Avoid templates that include too many detailed metrics which can complicate the analysis and obscure key insights.

  2. Non-Customizable Fields: Templates that do not allow customization can prevent you from focusing on specific aspects relevant to your product's market.

  3. Irrelevant Competitor Information: Steer clear of templates that emphasize data on competitors that do not align with your product's direct market segment.

Choosing a template that avoids these pitfalls will streamline your competitive analysis, ensuring it is both efficient and relevant.

1Competitive Analysis

Track and stay ahead of competitors operating in your market. Edit individual items to add notes, screenshots, etc. about each competitor.

A template preview for Competitive Analysis

2Feature market analysis

Quickly and elegantly identify differences between your product and primary competitors when it comes to features. Always have a sense of the market and where different players are innovating.

This can also help your sales team understand at a glance where they have opportunity to point out your product's unique advantages.

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A template preview for Feature market analysis

3Competitor Analysis

Make sure your entire company understands your competitive landscape, where you're best in class, and where you still have room for growth. This is very helpful for keeping urgency high.

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A template preview for Competitor Analysis

4Competitive Positioning Framework

Use this table to quickly compare your brand or company to the competitors in your industry and develop differentiated solution/benefit statements, core differentiators, category(s), and market position. Take a look at incumbents and well-established competitors as well as emerging disruptors and innovators in your space. You might also consider comparing your company to complementary brands—brands your customers may already be loyal to or use in conjunction with your product, such as an integration.

A template preview for Competitive Positioning Framework

5Business Model Canvas

Business Model Canvas Template for Notion & FigJam
The Business Model Canvas splits a business model into 9 areas and invites you to brainstorm how your business will capitalize on each. Whether you're starting up a new business or trying to understand an existing one, the Business Model Canvas will help you map it out.

The Business Model Canvas is ideal for quick thinking and brainstorming with sticky notes, so grab your team and start thinking about:

Value Proposition. What does the business offer to meet the needs of its customers? What distinguishes it from its competitors? Is it something innovative? Price? Quality?

Key Activities. What does the business do to execute its value proposition?

Key Resources. What resources does the business have to give it an edge? People? Knowledge? Assets?

Key Partners. Does the business have any complimentary partnerships or relationships? Joint ventures or strategic alliances?

Customer Segments. Who are the customers? A niche market or mass appeal? Multiple different segments? Multi-sided market?

Customer Relationships. What sort of relationship will the business have with its customer segments? High touch sales? Self-service? Community-based?

Channels. What channels will the business use to get its value proposition to its customers? Marketing? Partnerships? Online or physical?

Cost Structures. How will the business expenses be structured? Fixed costs and variable costs? Economies of scale? Minimize costs or maximize value?

Revenue Streams. How will the business make money from its customers? Selling something? Subscription fees? Advertising?

A template preview for Business Model Canvas

6SWOT Analysis

The template guides you through a systematic evaluation of Strengths, Weaknesses, Opportunities, and Threats associated with your project or initiative. also aids in the development of effective strategies to accomplish your goals. Through a clear understanding of the internal and external factors affecting your situation or idea, you can build a robust strategic plan that maximizes your strengths, addresses your weaknesses, leverages available opportunities, and mitigates potential threats.

A template preview for SWOT Analysis

7Competitor Battlecards

Knowing your competition is one key to success. With this Competitor Battlecards template, you can see the landscape, know your positioning, and set your company up to win.

A template preview for Competitor Battlecards

8Competitive Analysis Template

A competitive analysis is an assessment of our competitor’s products & services to evaluate their strengths and weaknesses in comparison to ours. This template focuses on UX/UI analysis of competitors' products.

A template preview for Competitive Analysis Template

9Competitor UX analysis

UX competitive analysis focuses on evaluating and comparing the user experience elements of competitors' products or services, like navigation, information architecture, visual design, content quality, usability, and overall user satisfaction.

In this process, you'll create a list of competitors (check out a competitor page), examine their features compared to yours (feature audit), look at how users interact with their product and what challenges they face (UX analysis), and put together a visual board for inspiration from their design choices (benchmarking).

A template preview for Competitor UX analysis

10Notion Competitor Monitoring Template

Our Notion Competitor Monitoring Template will allow you to jumpstart your competitive analysis without starting from scratch. This template contains four pages including a SWOT Analysis, a competitor Kanban board, guiding questions, and a 100+ resource database. Stay ahead of your competition and start using competitor insights to your advantage.

A template preview for Notion Competitor Monitoring Template

Closing Thoughts

Utilizing these templates streamlines the process of benchmarking against competitors, ensuring you focus on innovation rather than just keeping up. They provide a clear framework to identify strengths and weaknesses efficiently.

By adopting these tools, you can enhance your product's market position and user satisfaction. Start implementing them today to see tangible improvements in your design strategy and competitive edge.

What is a SWOT Analysis?

SWOT Analysis is a strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

What is a Competitive Benchmarking?

Competitive Benchmarking involves comparing a company's performance metrics and strategies to those of its top competitors to identify areas where the company can improve or leverage its strengths.

What is a Market Segmentation?

Market Segmentation is the process of dividing a target market into smaller, more defined categories of consumers who share similar characteristics and buying preferences.

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