Market

News and updates about U.S and Canada markets, economic reports and info of the main companies.

Tractor Zoom, a provider of farm equipment and heavy machinery valuation data, acquired Anvil App Works, a Salesforce OEM partner with CRM solutions built specifically for equipment dealerships of all brands. This strategic move reflects the commitment of both Tractor Zoom and Anvil to deliver exceptional value and support to equipment dealerships. "The decision to acquire Anvil App Works is...
The global precision farming market is poised to register an impressive 13% CAGR from 2022 to 2032, reaching US$ 20.36 Bn by the end of the aforementioned assessment period, according to a report by Fact.MR. Farmers are transitioning from traditional farming practices to precision farming due to the significant cost advantages afforded by mechanical agricultural technologies. From 2017 to 2021,...
Fecon recently acquired TREEfrogg LLC, a manufacturer of tree trimming saw attachments for skid steers and compact track loaders. The acquisition expands the right-of-way clearing solutions offered by Fecon in the forestry mulching and vegetation management industry. Designed to fit small to midsize carriers, TREEfrogg's patented tree trimming saws allow landscapers, landowners and DOT's to perform tree maintenance with machines...
Unit sales of 4WD ag tractors experienced a notable upswing in both the U.S. and Canada in September, closing the third quarter of 2023 in a strong position, according to the latest data from the Association of Equipment Manufacturers (AEM). In the U.S., 100+hp 2WD tractors, and 4WD tractors grew year-over-year. Both segments, along with self-propelled combines remain positive for...
CNH Industrial has acquired Specialty Enterprises LLC (Specialty), North America’s largest manufacturer of premium aluminum spray booms for agricultural applications. Specialty, which operates one manufacturing facility in Wautoma, Wisconsin, has been a supplier to Case IH since 2020. The direct ownership of spray boom production is the latest step in Case IH’s strategic road map for its sprayer product platform. As the...
Agriculture equipment maker Deere & Co said it would move the company's cab production from its Waterloo, Iowa plant to Mexico due to a tight labor market in the United States. The transfer of cab production from its Tractor and Cab assembly operations facility to the components plant in Ramos, Mexico is expected to be completed by 2024, impacting about...
Bobcat announced plans for a new assembly plant in Rogers, Minnesota, a northwest suburb of Minneapolis-Saint Paul. This investment will add an additional 225,000 square feet in production capacity and enable the company to streamline efficiencies across its manufacturing footprint in the Midwest region. In addition, the company plans to add more than 100 new, full-time positions at this...
John Deere announced it has established an allied agreement with Mike and Jason Grady of Twin Pak to better serve existing and future John Deere small square baler customers in the United States. "These agreements bring together a revolutionary patented design for small square balers with a best-in-class dealer network,” said Rob Rippchen, global baling and mowing business manager for...
Ag tractor and combine unit sales had their first decline since July 2021, according to the latest data from the Association of Equipment Manufacturers (AEM). U.S. total farm tractor sales fell 21.1 percent for the month of March compared to 2021, while U.S. self-propelled combine sales for the month dropped 10.2 percent to 343 units sold. The 100+ horsepower 2WD...
ASV Holdings offers a merchandise website, shopASV.com, to give ASV’s loyal customer base an easy way to get branded gear, apparel, and other items to represent the ASV brand. “We have some of the most enthusiastic and loyal customers in the industry. We knew we needed to create a way for them to easily get their hands on branded ASV...