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Agco Corp  (AGCO)
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Agco's

Competitiveness


 

AGCO Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Agco reported Revenue decrease in the 4 quarter 2023 year on year by -2.51 %, slower than the combined decrease of the AGCO's competitors by -33.69 %, recorded in the same quarter.

List of AGCO Competitors

With a net margin of 8.92 % Agco achieved higher profitability than its competitors.

More on AGCO Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Agco CorpNet Income in the 4 quarter 2023 grew year on year by 5.21%, while most of its competitors have experienced a contraction in net income by -29.79 %.

<<  AGCO Stock Performance Comparisons


Agco's Comment on Competitors and Industry Peers


The agricultural industry is highly competitive. We compete with several large national and international full-line suppliers, as well as numerous short-line and specialty manufacturers with differing manufacturing and marketing methods. Our two principal competitors on a worldwide basis are Deere & Company and CNH Industrial N.V. We have regional competitors around the world that have significant market share in a single country or a group of countries.

We believe several key factors influence a buyer’s choice of farm equipment, including the strength and quality of a company’s dealers, the quality and pricing of products, dealer or brand loyalty, product availability, the terms of financing and customer service.





  

Overall company Market Share Q4 2023

despite revenue deterioration, Agco increased its market share in this segment.

company increased its market share in this segment to approximately 15.05 %.


<<  More on AGCO Market Share.
 
*Market share is calculated based on total revenue.

  News about Agco Corp Contracts

Empowering Vineyards and Orchards: Massey Ferguson's New MF 3 Series Specialty Tractor Redefines Agricultural Efficiency and Environmental Sustainability

Massey Ferguson Launches The MF 3 Series Specialty Tractor with Enhanced Power, Comfort, and Reduced Carbon FootprintMassey Ferguson, a renowned agricultural machinery manufacturer, recently unveiled its latest innovation - the MF 3 Series Specialty tractor. This technologically advanced tractor offers vineyards and orchards a high-value-per-dollar solution while prioritizing power, comfort, and environmental sustainability.The MF 3 Series Specialty tractor stands out for its smaller carbon footprint compared to its counterparts, making it an eco-friendly choice for farmers. This tractor integrates innovative engineering and design to minimize emissions, reduce fuel consumption, and optimize overall efficien...

AGCO's Massey Ferguson Awards Gunnison Cattlemen's Days Rodeo as the 2023 Sowing Good Deeds Winner, Demonstrating Commitment to Agricultural Philanthropy

AGCO's Massey Ferguson Recognizes Gunnison Cattlemen's Days Rodeo as Winner of 2023 Sowing Good Deeds Award, Demonstrating Commitment to Agricultural Communities
DULUTH, Ga. - AGCO Corporation (NYSE: AGCO), a prominent global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, has recently honored the Gunnison Cattlemen's Days Rodeo as the recipient of its esteemed annual Sowing Good Deeds award. This recognition highlights the rodeo committee's exceptional dedication to making a positive impact within their local agricultural communities.
The Sowing Good Deeds award is bestowed upon rodeo organizations that surpass expectations by actively eng...

AGCO's Sustainable Solutions Reap Harvest of Success at Agritechnica 2023



AGCO, a renowned global leader in agricultural machinery and precision ag technology, has once again left its mark at Agritechnica, the world's largest agricultural fair held in HANNOVER, Germany. Showcasing a remarkable lineup of cutting-edge solutions and sustainable technologies, AGCO has not only met with its farmers and dealers but has also reported significant financial growth. This article examines AGCO's accomplishments at Agritechnica 2023 and evaluates their impact on the company's position in the industry.
AGCO's Showcase of Technology Stack and Sustainable Solutions:
AGCO's Chairman, President, and CEO, Eric Hansotia, expressed enthusiasm at being back at Agritechnica, where the...





Who are Agco Corp's Competitors?




Alamo Group Inc
Share Performance



+16.30%
One Year



Alamo Group Inc
Profile

Alamo Group Inc is a diversified company that operates in the industrial and agricultural sectors, manufacturing and distributing products and equipment for government and commercial purposes. Their business model revolves around developing and marketing a wide range of innovative, high-quality products while also providing excellent customer service and support.

More about Alamo Group Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,457.370 mill. $ 1,689.644 mill. $ 136.161 mill.


Cnh Industrial N v
Share Performance



-1.67%
30 Days



Cnh Industrial N v
Profile

CNH Industrial N.V. is a global leader in the capital goods sector, providing a broad range of products and services focused on agriculture and construction that combine innovation and technology. The company's business model centers around manufacturing and selling agricultural and construction equipment, along with providing financing and after-sales support to its customers.

More about Cnh Industrial N v 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 16,623.943 mill. $ 24,687.000 mill. $ 2,383.000 mill.


Deere and Co
Share Performance



-3.89%
This Year



Deere and Co
Profile

Deere and Co operates under a business model focused on manufacturing and distributing agricultural, construction, and forestry equipment worldwide, while also providing related services and solutions to customers in order to meet their varied needs and maximize their productivity.

More about Deere and Co's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 108,310.641 mill. $ 60,784.000 mill. $ 9,946.000 mill.


The Toro Company
Share Performance



-5.83%
30 Days



The Toro Company
Profile

The Toro Company is a multinational corporation known for manufacturing a wide range of turf maintenance equipment, irrigation systems, and outdoor landscaping products. Their business model involves designing, producing, and selling innovative and efficient solutions to homeowners, professional landscape contractors, and agricultural clients worldwide. By focusing on high-quality, reliable products and providing excellent customer service, Toro aims to build long-term relationships and drive continued growth in the industry.

More about The Toro Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 9,392.637 mill. $ 4,405.260 mill. $ 287.740 mill.


Generac Holdings Inc
Share Performance



-9.36%
30 Days



Generac Holdings Inc
Profile

Generac Holdings Inc operates as a manufacturer and seller of power generation equipment and solutions.

More about Generac Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,975.515 mill. $ 4,022.431 mill. $ 217.120 mill.



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