Deere & Company, Ingersoll Rand and The Toro Company are dominating in the Global Commercial Turf Utility Vehicle Market in 2019

Global Commercial Turf Utility Vehicle Market is expected to grow with the CAGR of 7.1% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global commercial turf utility vehicle market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global commercial turf utility vehicle market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in September 2020, Deere & Company acquired Unimil, the Brazilian aftermarket service parts business which was founded in 1999 and has 430 employees approximately. This acquisition helps the company striking the advancement of trade, reshaping the working model and revolutionizing generation frameworks in farming.

Deere & Company is the dominating player in global commercial turf utility vehicle market. The other key players existing in the commercial turf utility vehicle market includes Textron Inc., Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd, The Toro Company, Polaris Inc., Yamaha Motor Co., Ltd., KUBOTA Corporation, Columbia Vehicle Group Inc., SpeedwaysElectric, HDK ELECTRIC VEHICLE, Marshell Green Power, STAR EV CORPORATION, Tropos Motors (a brand of Tropos Technologies, Inc), American Landmaster, Garia A/S, Ingersoll Rand, Bintelli Electric Vehicles, Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD., Moto Electric Vehicles among others.

Commercial Turf Utility Vehicle MarketDeere & Company:

Deere & Company is headquartered in Illinois, U.S. and was founded in year 1837. The company is engaged in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction. The company deals in various business segments such as agriculture and turf, construction and forestry and financial services out of which agriculture and turf is the market focused segment. The company offers wide range of products under categories such as equipment, finance and parts & service among which equipment is the market focused category.

For instance,

  • In September 2020, Deere & Company launched Updated Gator Utility Vehicles. The Updated John Deere Gator Utility Vehicle includes the HPX Work Series, Mid-Size XUVs, and Full-Size XUVs. The modern automotive-like highlights make the vehicles less demanding to function and give improved control in variety of territory. This product launch helps the company to strengthen its customer base.

The company has presence across Europe, Asia-Pacific, North America, South America and Middle East and Africa. The company generates revenue from its subsidiaries such as John Deere Financial Services, Inc. (U.S.), A and I Products, Inc. (Canada), Blue River Technology Inc. (U.S.), Nortrax (U.S.) and The Vapormatic Company (U.K.) among others.

Ingersoll Rand:

Ingersoll Rand is headquartered in North Carolina, U.S. and was founded in 1859. The company is engaged in providing products and services for mission-critical industrial, energy, medical and specialty vehicle. The company deals in various business segments such as industrials, energy and medical out of which industrials is the market focused segment. The company offers wide range of brands under categories such as ingersoll rand compressor systems and services, ingersoll rand lifting & material handling, ingersoll rand power tools, clubcar, gardner denver compressors, gardner denver blowers & vacuum pumps, gardner denver blowers petroleum and industrial pumps, gardner denver transport and others among which clubcar is the market focused category.

For instance,

  • In January 2020, Club Car, the brand of Ingersoll Rand launched Versatile Utility Vehicle Carryall 502. The advantages of Carryall 502 are that it increases visibility due to the widescreen and lower dashboard. This product launch has helped the company to strengthen its product category.

The company has wide global presence across the Europe, Asia-Pacific, North America and Middle East and Africa. The company generates revenue from subsidiaries such as CompAir (U.K.), Milton Roy Company (Pennsylvania), Schlage (U.S.), Tri-Continent Scientific, Inc. (U.S.) and Club Car (U.S.) among others.

The Toro Company:

The Toro Company is headquartered in Minnesota, U.S. and was founded in 1914. The company is engaged in providing the innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction and irrigation and outdoor lighting solutions. The company deals in various business segments such as professional and residential out of which professional is the market focused segment. The company offers wide range of products under categories such as homeowner, golf, professional contractor, sports fields & grounds, agriculture and rental among which golf and sports fields & grounds are the market focused categories.

For instance,

  • In January 2020, The Toro Company acquired privately-held Venture Products, Inc., the company is engaged in manufacturing snow and ice management, articulating turf, equipment for the grounds, landscape contractor, landscape, golf and municipal. This acquisition helps the company to strengthen its utility vehicle category for turf maintenance.

The company has wide global presence in North America, Latin America, Europe, Asia, Middle East and Africa. The company also generates revenue from subsidiaries such as Ditch Witch (U.S.), Hayter (U.K.), Exmark Manufacturing Company Incorporated (U.S.), MTI Distributing Inc. (U.S.) and Toro France (France) among others.