Get The Free Sample Complete
SWOT & PESTLE Analysis Report
This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals. We also guarantee that you cannot find matched quality at such competitive and economic pricing.
Get Your Free Summary Copy of the
SWOT & PESTLE Analysis Report
Get the summary SWOT & PESTLE.com report delivered straight to your email inbox for free.
Our insightful and holistic reports have helped corporate,academia and researchers to take their research forward. Like us on Facebook to stay updated with the latest published SWOT & PESTLE Report.

Cummins SWOT & PESTLE Analysis

ID : 52568853| Jul 2019| 15 pages

COMPANY PROFILE -Cummins

Business Sector :Industrial Manufacturing (Engines, Distribution, Components, Power Systems, Electrified Power)

Operating Geography :United States, North America, Global

About Cummins :

Cummins is a global power leader and the world’s largest manufacturer of diesel engines and natural gas run engines. Cummins has its operations and serve its customers in 190 countries and territories in the world through over 7600 dealer locations, 600 independent distributor and company-owned locations as of 2019 and has industry leaders like Volvo, Komatsu, Chrysler, Daimler and Ford as its customers. Cummins was found in 1919 in Indiana and it has its 100-year anniversary in 2019. The company has 5 business areas which are Engines, Distribution, Components, Power Systems, and electrified power with Engines being its largest segment and accounts for 40% of the company’s profit. Distribution is the maintenance arm of the company which is responsible for the maintenance and replacement of its engines. Components division serves the aftermarket needs which are specific to a country or a customer and accounts for 32% of the profit for the company. Power Systems focuses on selling power generators and specialized high-horsepower engines for specific industrial applications. All the 5 segments share brand recognition, customers, technology and the distribution network so that they can compete more effectively and efficiently in the market. Cummins employs over 62,000 employees as of 2019 and it is committed towards three global corporate responsibility priorities which are education, equality of opportunity and environment. The focus for Cummins for their products lies in their performance, quality, speed of delivery, customer support, fuel economy, and price.

Cummins Revenue :


US $23.77 billion (FY ended Dec 2018) (year-on-year growth of 16.40%)
US $20.42 billion (FY ended Dec 2017)

Competitive Analysis of Cummins

SWOT
PESTLE
The SWOT analysis of Cummins is presented below:
Strengths
Weaknesses
1. Huge portfolio of products catering to various diverse requirements of the market
2. Global presence and competitive advantage in Asian Countries
3. Benefits from strong vertical integration
4. Enabling Joint Ventures to further expand Cummins’ product offerings
1. Cyclic nature of the business causing instability for the company
2. Lack of a robust Information Technology(IT) structure
3. Huge dependence on a few numbers of suppliers
Opportunities
Threats
1. Investment towards the development of electric powertrain product line
2. Opportunities in the e-commerce segment
3. Tapping into new areas of technology
1. Coming of new entrants in the market posing threat to Cummins
2. The transition from diesel to electric vehicles
3. Reduction of engine manufacturing outsourcing by truck manufacturers and OEM customers
SWOT & PESTLE (combined)
Complete Report
USD 12.53
*
  • with PayPal
  • with Debit/Credit card
Great quality, Affordable pricing.
Safe and secure payments

Detailed SWOT Analysis of Cummins

 

Strength

This section is available only in the 'Complete Report' on purchase.

Weakness

This section is available only in the 'Complete Report' on purchase.

Opportunity

1. Investment towards the development of electric powertrain product line: Cummins has well recognized the developments in the market and has a well-developed roadmap for the upcoming years that is realistic and viable. Towards this direction, Cummins has planned to make an investment of $500 Million in upcoming years towards the development of electrified powertrain product line along with several other key products with full electrification. This investment is of course not even near to the investments done by players like Daimler, BMW or other such companies. Nevertheless, considering the fact that the technology to provide actual viable long-haul electric trucks is 10-15 years away, this investment in the initial phase is not that small and is in a way, contributing towards its strategy. This timeline is actually an opportunity for Cummins to take each and every step towards the development of electric vehicles cautiously and to make sure that it does not miss out on any development in the field.

2. Opportunities in the e-commerce segment: As a step towards developing an even stronger relationship with customers, Cummins is now tapping e-commerce sales and data. Cummins has come up with a new online store named shopcummins.com which enables its North America customers to shop for Cummins’ products online. Previously, shopcummins.ca was launched for its Canadian customers in June 2018. The U.S site offers more than 200 products to choose from for its customers. The product portfolio includes Valvoline oil, Fleetguard filters, Power Service fuel additives, coolants and maintenance kits, Onan Rv generator parts, Webasto air, and coolant heaters. Other features offered include full-site mobile optimization, hassle-free return policy, registration for receiving exclusive offers and promotions, ability to shop on the go, different shipping options including in-store pick up at local Sales & Service centers in U.S. Not only that, customers will benefit from its user-focused experience, quick and easy access to these products thus saving time and online help with the overall buying process. This step by Cummins is a great opportunity for Cummins to serve its longtime existing customers better and also build relationships with new prospective customers. Not only that, customers will benefit from its user-focused experience, quick and easy access to these products thus saving time, and online help with the overall buying process.

3. Tapping into new areas of technology: Cummins has also been known as the pioneer in diesel-engines but now Cummins is not limiting itself to that area anymore. Cummins is now looking for newer technologies and areas which have substantial future potential. An example of it is Cummins acquiring Hydrogencies Corporation. Hydrogencies is a global leader in hydrogen and fuel cell solution provider in the power industry and one of the leading hydrogen generation equipment and fuel cell providers to Cummins. Also, Cummins announced the launch of PrevenTech for Mining, a new advanced Remote Monitoring Solution for Mining. It helps in a continuous analysis that helps in improving mine site productivity and mitigating performance impacts by streamlining service planning and maintenance. The technology collectively makes use of big data, advanced analytics to engine hardware and connectivity to diagnose and identify the performance issues in a more efficient way by making use of global security standards and IoT (Internet of things) technology. The use of such latest technologies not only enables Cummins to work efficiently but also provides an opportunity to have a competitive advantage over others.

Threat

This section is available only in the 'Complete Report' on purchase.

Key Business Segments / Diversification :

Cummins
Distribution Power Systems Electrified Power
Engine Components
SWOT & PESTLE (combined)
Complete Report
USD 12.53
*
  • with PayPal
  • with Debit/Credit card
Great quality, Affordable pricing.
Safe and secure payments

Check out analysis of other relevant companies

TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
References used in Cummins Analysis Report
1. Cummins Annual Report 2018 - https://cumminsindia.com/sites/india/files/Annual%20Report%202018-19.pdf

2. Cummins Annual Report 2017 - https://www.cumminsindia.com/sites/india/files/Annual_Report%20FY%202017-18.pdf

3. Cummins Company Website - https://www.cummins.com/

4. Cummins Revenue 2019 - https://economictimes.indiatimes.com/cummins-india-ltd/yearly/companyid-13471.cms

5. Cummins Vision and Mission - https://www.cumminsindia.com/about-us/mission-vision-and-values

The detailed complete set of references are available on request in the 'Complete report' on purchase.

How to reference this page?

You can use the following in your reference section in order to give credit to the source. For different referencing styles and detailed guidelines, please click here.

Cummins SWOT & PESTLE Analysis - SWOT & PESTLE.COM

SWOT & PESTLE.com (2019). Cummins SWOT & PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/cummins/ [Accessed 17 Oct, 2019].

In-text: (SWOT & PESTLE.com, 2019)

Copyrights and Disclaimer

Cummins SWOT and PESTLE analysis has been conducted by Siddharth Arora and reviewed by senior analysts from Barakaat Consulting.

Copyright of Cummins SWOT and PESTLE Analysis is the property of Barakaat Consulting. Please refer to the Terms and Conditions and Disclaimer for usage guidelines.

Cummins SWOT & PESTLE Analysis
Price : USD 12.53