Latest news with #9RX
American Military News
23-05-2025
- Business
- American Military News
Major company announces $20 billion investment in US economy
John Deere recently announced that it will be investing $20 billion in the company's operations in the United States over the next decade. According to John Deere CEO John May explained during the company's recent second quarter 2025 earnings call that the company will be investing an additional $20 billion into its operations as part of the U.S. economy. The outlet noted that the investment demonstrates the company's commitment to invest in domestic manufacturing and create job opportunities in the United States over the next 10 years. 'Despite the near-term market challenges, we remain confident in the future,' May said. 'Our commitment to delivering value for our customers includes ongoing investment in advanced products, solutions, and manufacturing capabilities. Over the next decade, we will continue to make significant investments in our core U.S. market, underscoring our dedication to innovation and growth while focusing on remaining cost-competitive in a global market.' According to AGDaily, John Deere's $20 billion investment includes the construction of a new excavator manufacturing plant in Kernersville, North Carolina, a 120,000-square-foot expansion of the company's remanufacturing facility in Missouri, new assembly lines for John Deere's 9RX tractors in Waterloo, Iowa, and upgrades to the company's turf equipment plant in Greeneville, Tennessee. READ MORE: Video: Iconic tech company announces $500 billion investment in US economy reported that John Deere has invested roughly $2.5 billion in the company's U.S. factories since 2019. The outlet noted that John Deere has invested $100 million in U.S. factories just this year and that the economic impact of the company's operations across the United States is estimated at roughly $25 billion. According to AG Daily, John Deere currently has 60 facilities in 16 states and employs 30,000 employees in the United States. AG Daily reported that another 50,000 people are employed at independent John Deere dealerships. John Deere Chief Financial Officer Josh Jepsen told Brownfield AGNews, 'Our roots are in manufacturing here in the U.S. We're 188 years old. And the vast majority of that in the Midwest, really in Iowa and Illinois. So reaffirming that commitment (through this investment).' 'It's a real impact, and it's beyond just the products we're building,' Jepsen added. 'It's the employment that we drive, it's the local suppliers that we're impacting. And then it's the communities that we're in.'
Yahoo
25-02-2025
- Automotive
- Yahoo
Australia Agriculture Tractor Market Outlook & Forecast, 2024 & 2025-2030: Integration of Advanced Technologies, Emergence of Electric Tractors, & Growing Emphasis on Non-Coventional Fuels
Australian Agriculture Tractor Market Dublin, Feb. 25, 2025 (GLOBE NEWSWIRE) -- The "Australia Agriculture Tractor Market - Industry Outlook & Forecast 2025-2030" report has been added to Australia Agriculture Tractor Market was sized at 10,250 units in 2024, and is projected to reach 11,370 units by 2030, rising at a CAGR of 1.74%. The Australia tractors market is highly concentrated, with the top players controlling most of the market. Domestic and global brands, on the other hand, are equally represented in the market. John Deere, AGCO & CNH Industrial dominated the Australia tractors market with a collective market share of 40%-45%. Since more than 40% of the share belongs to the top three key players, the threat of rivalry is high in the Australia tractors market. These players are thriving on innovation in the tractor market. Also, the industry has established players in various segments. Vendors have improved their aftersales services, making customers loyal to the existing global players are moving toward increasing the introduction of technology in their offerings to attract more customers. For instance, CNH Industrial, with its tractor brands Case IH, New Holland, and Steyr, has introduced autonomous technology in agriculture tractors. The company has already incorporated technologies, such as auto-steering and telematics, in its agriculture tractors. John Deere and AGCO worked to introduce the autonomous concept in their tractors. Furthermore, in terms of advanced tractor technology, John Deere has equipped many models with GPS, location tracking, image sensors, and telematics to assist in field navigation. The company has also equipped its 9RX model with features to autonomously adjust the harvesting equipment according to the state of increasing penetration and adoption of farm mechanization practices throughout the country have been boosting the sale of new tractors. Favorable climate conditions coupled with government support for increasing Agri-exports and farm mechanization, will drive the demand for tractors in the region. Farmers are increasingly demanding efficient and advanced tractors that can help them reduce their operating costs and improve their productivity. Tractors with advanced features, such as GPS guidance, telematics, and precision agriculture capabilities, are in high demand. The government in the region launch various schemes to promote agricultural mechanization. These schemes typically provide subsidies or financial assistance to farmers for the purchase of agricultural machinery, including tractors. Several OEMs in the Australia tractors market have planned to introduce Electric-powered tractors in the coming year. In 2024, John Deere announced to launch fully electric power tractor in the Australian market in 2026. Electric tractors have lower operating costs than diesel-powered tractors, as electricity is cheaper than diesel fuel. Australia has seen a significant rise in agricultural production in 2024, with notable increases in wheat, canola, and beef cattle numbers, majorly driven by favorable weather conditions and improved farming practices, resulting in a higher gross value of agricultural production across the country. In addition to the above factors, the growth of the Australia tractors market is also being driven by the increasing demand for food products and the expansion of agricultural land. Farmers are increasingly adopting mechanization to meet the growing demand for food and to improve their profitability. REGIONAL ANALYSISNew South Wales region has the largest market share in the Australia tractors market accounting for nearly 29% in 2024. However, this region offers a variety of agricultural products such as wheat, barley, oats, and others. The region represents one of the major areas of agricultural production in Australia. The region is also leading in high penetration of compact tractors. New South Wales, Australia, varies significantly across the state, including coastal plains, fertile river valleys, and mountainous South Wales, Queensland followed by Victoria have reportedly shown a higher demand for agricultural tractors than other regions of the country in 2024. The demand for tractors is expected to grow at a robust pace during the forecast period (2025-2030). Also, Queensland is a significant contributor to the agriculture industry, known for its high-quality agricultural produce. It is a leading producer of sugarcane, bananas, macadamias, sweet corn, avocados, beans, and outlook for Western Australia in 2025 is positive, with expectations of good rainfall to support crop production. According to data from the Australian Bureau of Agriculture and Resource Economics, wheat production and the demand for beef and lamb are projected to increase in the first half of 2025. Also, the Australia tractors market is currently in the growth stage, and manufacturers are seeking capacity augmentation in the country. The Northern Territory region of the country has relatively low levels of farm mechanization, and vendors can explore these regions with a portfolio of small tractors that are suitable for the rolling hills and low mountains of the INSIGHTS INSIGHTS BY HORSEPOWERThe Australia tractors market is categorized into these segments based on horsepower less than 60 HP, 60-100 HP, 101-200 HP, and above 200 HP. The less than 60 HP segment generated the highest sales in most of the regions. Tractors in this HP range can easily handle small and medium-sized fields and heavy-duty mowing tasks. The following market trends drive less than 60 HP range tractor sales: These high-performance (HP) tractors are highly regarded by the global farming community for their adaptability to a variety of crops, making them a versatile tool in the diverse agricultural landscapes around the world. Their design aligns well with sustainable farming practices, as small to medium-sized tractors offer an optimal power-to-efficiency ratio that supports eco-friendly farming methods. Additionally, these tractors provide cost-effective solutions in a competitive agricultural market. The smaller HP range is particularly appealing to budget-conscious farmers who do not want to compromise on performance, making these tractors a preferred choice for those looking to maximize efficiency and productivity while minimizing costs. INSIGHTS BY DRIVE TYPEThe Australia tractors market is dominated by low-range HP 2WD tractors. Among the several tractor models available in the country, 2WD tractors are the most favored by farmers. The low relative cost of ownership, the sufficiency of features and haulage power, and convention make 2WD tractors more popular among farmers. Australia has a high number of medium-scale farmers with an average farm size of around 500 ha/farm. For this reason, farmers prefer to use their own large and powerful machines. In Australia, power paddles are attached to two-wheeled tractors for wheat plantations. WHY SHOULD YOU BUY THIS REPORT? This report is among the few in the market that offer outlook and opportunity analyses forecast in terms of the following: Market Size & Forecast Volume (units) 2021-2030 Segmentation by Horsepower Segmentation by Drive Type Segmentation by Geography Production and trade values Major current and upcoming projects and investments Competitive intelligence about the economic scenario, advantages, industry dynamics, and market shares Innovative technologies Company profiles of major and other prominent vendors Market shares of major vendors Key Attributes: Report Attribute Details No. of Pages 173 Forecast Period 2024 - 2030 Estimated Market Value in 2024 10250 Units Forecasted Market Value by 2030 11370 Units Compound Annual Growth Rate 1.7% Regions Covered Australia COMPETITIVE LANDSCAPERecent Developments in the Australia Tractors Market In February 2024, John Deere launched 9RX series tractors in the Australian market. It is a high-horsepower tractor powered by a JD18 engine that is designed to meet the requirements of modern farming. John Deere is also scheduled to launch autonomous, and battery-powered electric tractors in the Australia tractors market in 2026. AGCO launched seven series Fendt 700 G& tractors in the Australian industry in 2024. It is a six-cylinder and AGCO power engine that produces 283 horsepower. In 2024, CNH Industrial launched several new tractors under the New Holland brand in the Australian market including: T4 Electric Power: It is an electric autonomous tractor with autonomous feature T7 PLMi Long Wheelbase Auto command: It has a six-cylinder engine with a maximum power capacity is 280 horsepower and PLM Intelligence. T9 SmartTrax: The tractor has PLM Intelligence that includes an advanced oscillating wheel and suspension. The tractor is expected to launch in 2025 in the Australia tractor market. Kubota Australia launched two new models RTV-X1130 & SCL75-3 in the Australian industry in 2024. Kioti Australia launched the HX1402 tractor with new LED lights & cabin suspension in 2024. Industry Overview Crop Protection Innovations and Climate Change Adaptations Land Holding Structures by Regions or Territory Technological Advances Market Opportunities & Trends Integration of Advanced Technologies Emergence of Electric Tractors Growing Emphasis on Non-Coventional Fuels Market Growth Enablers Growth in Agriculture Productivity & Exports Government Schemes & Financial Aid to Farmers Growth in Farm Mechanization & Labor Shortage Benefits of Farm Mechanization Challenges of Farm Mechanization Market Restraints Impact of Climate Change on Agriculture Growth in Demand for Used & Rental Tractors Volatility in Commodities Prices Key Company Profiles AGCO CNH Industrial Deere & Company Kubota TAFE Other Prominent Vendors CLAAS Iseki JCB KIOTI Lovol Mahindra & Mahindra SOLIS Same Deutz-Fahr Yanmar For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Australian Agriculture Tractor Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
