Comparing the current results to its competitors, Meritor Inc reported Revenue increase in the 3 quarter 2022 by 19.29 % year on year. The sales growth was above Meritor Inc's competitors' average revenue growth of 15.64 %, achieved in the same quarter.
Meritor Inc's Comment on Competition and Industry Peers
We compete worldwide with a number of North American and international providers
of components and systems, some of which are owned by or associated with some
of our customers. The principal competitive factors are price, quality, service,
product performance, design and engineering capabilities, new product innovation
and timely delivery. Certain OEMs manufacture their own components that compete
with the types of products we supply.
Our major competitors for axles are Dana Holding Corp. and, in certain markets,
OEMs that manufacture axles for use in their own products. Emerging competitors
for axles include Daimler Truck North America’s Detroit Axle and American
Axle Corporation and from China, Hande, Fuwa and Ankai. Our major competitors
for brakes are WABCO, Bendix/Knorr Bremse and, in certain markets, OEMs that
manufacture brakes for use in their own products. Our major competitors for
industrial applications are MAN, AxleTech International, Oshkosh, AM General,
Marmon-Herrington, Dana Holding Corp., Knorr, Kessler & Co., Carraro, NAF,
Sisu and, in certain markets, OEMs that manufacture industrial products for
use in their own vehicles. Our major competitors for trailer applications are
Hendrickson, BPW and SAF-Holland.
Overall company sales advanced by 19.29 % Meritor Inc outperformed its competitors in this segment and improved market share, to approx. 3.42 %. << More on MTOR Market Share.
*Market share is calculated based on total revenue.
Worthington Industries Inc's business model revolves around being a diversified manufacturing company that provides a wide range of products and services.
Altra Industrial Motion Corp operates through a business model that focuses on the design, production, and distribution of mechanical power transmission components. The company primarily serves industrial customers in various sectors, offering a comprehensive range of products such as clutches, brakes, couplings, and gear motors. By providing reliable and efficient solutions for power transmission, Altra Industrial Motion Corp aims to enhance its customers' overall productivity and performance.
Tsakos Energy Navigation Limited Share Performance
+113.21%
One Year
Tsakos Energy Navigation Limited
Profile
Tenneco Inc operates as a global supplier of automotive components and systems with a business model focused on manufacturing and distributing a wide range of products. The company primarily serves the automotive OEM and aftermarket sectors, offering solutions for emissions control, ride performance, and clean air systems. Tenneco strives to continuously innovate and provide customers with quality products, contributing to the overall efficiency and sustainability of the automotive industry.
Omnitek Engineering Corp's business model revolves around providing advanced technologies and solutions for the transformation of diesel engines into natural gas engines.
Sources:
Meritor 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.
Updated on:
Focus of this report: publicly traded companies.
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