Comparing the current results to its competitors, Cummins Inc reported Revenue increase in the 2 quarter 2026 by 9.42 % year on year. The sales growth was above Cummins Inc 's competitors' average revenue growth of 7.28 %, achieved in the same quarter.
Cummins Inc 's Comment on Competition and Industry Peers
The competitive landscape encompasses multiple companies across various segments. In the Engine segment, competitors include local manufacturers and independent engine producers such as Weichai Power Co., Ltd., Yuchai, and Deutz AG. Truck OEMs that produce their own engines include Daimler, PACCAR, Traton, Volvo Powertrain, Ford Motor Company, China First Auto Works, Dongfeng Motor Corporation, CNH Industrial, and Isuzu. The Components segment faces competition from manufacturers of aftertreatment systems, turbochargers, fuel systems, drivetrain systems, and transmissions, with key competitors including Robert Bosch GmbH, Garrett Motion, Inc., Borg-Warner Inc., Tenneco Inc., Eberspacher Holding GmbH & Co. KG, Allison Transmission, Knorr-Bremse AG, and ZF Friedrichshafen AG. In the Distribution segment, competitors are distributors or dealers often affiliated with companies active in other segments. The Power Systems segment competes with independent engine manufacturers, generator set assemblers, and OEMs, with primary competitors including Caterpillar, Inc., MTU (Rolls Royce Power Systems Group), Kohler/SDMO (Kohler Group), INNIO, Generac, Mitsubishi Heavy Industries, and various regional generator set assemblers. The alternator business competes globally with Leroy Somer, Marathon Electric, and Meccalte.
With revenue growth of 9.42 % within Overall company, Cummins Inc achieved improvement in market share, within Overall company to approximately 5.42 %. << More on CMI Market Share.
*Market share is calculated based on total revenue.
November 7, 2024
Cummins Inc. Celebrates Renovated Technical Center and Sustainability Progress Amidst Growing Financial Aspirations COLUMBUS, Ind. Cummins Inc. has marked a significant milestone with the reopening of its worldwide Technical Center Hub office tower in Columbus, Indiana, after extensive renovations that began in 2021. Originally opened in 1968, the Cummins Technical Center (CTC) had remained largely unchanged save for minor updates. The newly revamped office space enhances internal collaboration and modernizes the work environment for Cummins employees, emphasizing the company’s commitment to innovation and employee well-being.The renovation of the CTC is more than a cosmetic upgrade; it represents Cummin...
July 12, 2024
In a significant stride towards sustainability, Cummins Inc. has been awarded a landmark $75 million grant by the Department of Energy (DOE) to transform its Columbus Engine Plant (CEP) in Indiana into a hub for zero-emissions components and electric powertrain systems. This grant, the largest federal endowment ever received solely by Cummins, represents a crucial leap in the company s ambitious Destination Zero strategy. Cummins Inc. (NYSE: CMI), a global leader in power solutions, has long been an influential player in the transition towards more sustainable energy sources. The recent allocation of $75 million from the DOE is set to further bolster the company’s efforts in advancing zero-emissions manufa...
May 17, 2024
Cummins Inc. Sets New Financial Targets and Announces Completion of Atmus Filtration Technologies Inc. Exchange OfferCummins Inc., a global leader in power solutions, held a meeting with analysts and shareholders to announce its plans to raise long-term financial expectations. The company s leadership team shared their confident outlook and commitment to delivering increasing returns to shareholders. This strategic move aligns with Cummins growth strategy called Destination Zero, which has proven successful for its customers, the environment, and the overall growth of the company. Two years ago, Cummins introduced Destination Zero as its winning growth strategy, and since then, it has consistently shown pos...
March 13, 2024
Accelera Fuel Cells Power Locomotive in Austrian Project HY2RAILCummins Inc., the zero-emissions business segment of Cummins Inc. (NYSE: CMI), has achieved a major breakthrough in sustainable transportation by successfully commissioning its first fuel-cell-powered locomotive for freight rail applications. This milestone marks a significant step towards reducing emissions and improving efficiency in the transportation sector.In collaboration with the Austrian rail and transportation company, Cummins Inc. has replaced traditional diesel generators with Accelera fuel cells as the primary power source for a light On Track Machine (OTM) Vehicle. This initiative is part of the HY2RAIL project, aimed at exploring i...
February 29, 2024
The heavy-duty diesel engine market is about to witness a groundbreaking innovation as Cummins Inc. announces the launch of its highly efficient X15 engine. Part of the Cummins HELM 15-liter fuel agnostic platform, this engine is set to meet the stringent U.S. EPA and CARB 2027 regulations right from the start. Catering to the heavy-duty on-highway market in North America, the next generation X15 showcases Cummins extensive experience and commitment to advancement in the field.The X15 diesel engine is a testament to Cummins dedication to delivering exceptional performance while complying with evolving environmental regulations. With decades of expertise in the development of heavy-duty engines, Cummins has...
February 17, 2024
Cummins Inc., a renowned global leader in power solutions, recently reported a significant revenue increase of 9.95% year on year in the fourth quarter of 2023. This positive growth sets them apart from most of their competitors in the industry, who experienced a contraction in revenues by -1.91% during the same quarter. This impressive performance showcases Cummins Inc. s ability to navigate challenging market conditions and emerge with strong financial results.While Cummins Inc. has shown resilience in revenue generation, they did experience a net loss in the fourth quarter, and many of their competitors also witnessed a decline in earnings by -39.46%. This decrease in profitability raises concerns about t...
February 11, 2024
Cummins Inc (NYSE: CMI), an industry-leading manufacturer of engines and power generation products, finds itself in the midst of a class action lawsuit. On February 11, 2024, Pomerantz LLP announced the filing of the lawsuit against the company. Investors who have been affected are urged to contact Danielle Peyton, a representative from Pomerantz Law Firm. This legal action raises concerns for shareholders and highlights potential issues within Cummins Inc.The class action lawsuit comes at a time when Cummins Inc has reported impressive financial results compared to its competitors. In the third quarter of 2023, the company experienced a remarkable 14.97% year-on-year increase in revenue. This growth surpass...
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Sources:
Cummins Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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