Terex Corporation Market Research Report

Company Overview

Name, Mission, and Vision

Name: Terex Corporation
Mission: To provide solutions to our machinery and industrial product customers that yield superior productivity and return on investment.
Vision: To be the best and safest place to work in the industry as determined by our team members, and to be the most customer-responsive company in the industry as measured by our customers and Return on Invested Capital (ROIC).

Founding Details

Founded By: No information is available

Year Founded: No information is available

Key People

Key People: No information is available

Headquarters

Location: No information is available

Employees and Financials

Number of Employees: No information is available

Revenue: $5.2B in net sales with a 17% increase in 2023

Specialization

Known for: Terex is renowned for being a global industrial equipment manufacturer that provides materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry.

Products

Overview

Terex offers a diverse and comprehensive product line, targeting multiple industries with innovative and sustainable solutions. The products are categorized across several areas including Aerial Work Platforms, Materials Processing, Utilities, and more.

Product Categories and Key Features

Environmental Solutions Group (ESG)

Brands: Heil®, Marathon®, 3rd Eye®, Soft-Pak®, Curotto-Can®, Bayne Thinline®, Parts Central®

Description: Offers refuse collection vehicles, compaction and recycling equipment, technology solutions, waste hauler software, automated carry cans, and lifting products.

Aerial Work Platforms

Products: Mobile Elevating Work Platforms like Genie® aerial lifts and telehandlers.

Key Features: Used globally for working safely and productively at height, with variations like mini scissor lifts and telescopic booms.

Materials Processing

Verticals: Aggregates, Environmental, Concrete, Handling, Lifting

Brands Included: Powerscreen®, Finlay®, EvoQuip®, among others

Key Features: Solutions for crushing, screening, washing, recycling, and conveying in various industries. Innovative equipment supporting sustainable practices.

Utilities

Equipment: Aerial devices and digger derricks for the electric utility industry

Key Features: Diverse configurations catering for non-overcenter, overcenter, and telescopic operations.

Recent Developments

Acquisitions and Expansions

Acquisition of Environmental Solutions Group (ESG): On October 8, 2024, Terex acquired ESG, expanding its brand family and enhancing its waste processing and recycling capabilities.

New Products and Features

Genie Hybrid Z®-45 FE Articulating Boom Lift: This innovative product won "Access Equipment of the Year" in 2022, highlighting its significance in the industry.

Strategic Partnerships

Partnership with NOW Group: Launched in 2023 in Northern Ireland to support employment opportunities for people with learning difficulties, particularly in autism.

Conclusion

Terex Corporation is a forward-looking enterprise, committed to sustainability and innovation across its vast array of industrial equipment and solutions. With diverse product offerings and a strong focus on sustainable growth, Terex continues to leverage its global presence to meet customer needs effectively, while consistently aiming for superior productivity and value return on investment.