Trimble Inc. SWOT and PESTLE Analysis

Strength

1. Operates in diverse business areas such as construction, agriculture, transportation, geospatial and more: Trimble operates in multiple industries like construction, agriculture, transportation, geospatial. In 2021 it had a revenue of $3.659 billion and 39% of its revenue came from building and construction segment, 22.5% came from geospatial segment, 21% from resources and utility segment and 17.5% from transportation segment. It is also expanding its presence in segments such as forensics, aggregates, historical preservation, land administration, marine, mining, forestry, mobile computing etc. Most of these segments are growing rapidly, providing Trimble with lot of future growth opportunities. Many of Trimbles product are focused on providing a sustainable solution and resource optimization. It has a suit of both software and hardware products. Through its high focus on research and development it has developed a large number of innovative and unique products. It provides a number of products to help companies digitalize and automate their operations, helping connect the digital and physical work. This diversity helps Trimble reduce its risk of overdependence on a particular sector that might perform poorly.

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Weakness

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Opportunity

1. Big beneficiary of Joe Bidens $2+ trillion American Jobs Plan (AJP): American Jobs Plan is an investment in USA by the US government that is aimed at creating millions of good jobs, rebuild the country’s infrastructure, and position the United States to remain the leader of world economy. This plan aims at significantly increasing the public spending from the current levels and improve the ranking of United States infrastructure form the current 13th rank. The plan is to improve all the forms of public infrastructure, from roads, bridges, ports, airports, water systems to high-speed internet and affordable housing. The plan aims to create stable jobs for a large number of Americans. The project aims at spending this huge amount in the next eight years and the plan is going to break even after 15 years and be profitable in the longer run. Being an important player in the transportation and construction segment Trimble will benefit from the American Jobs Plan.

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Threat

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Political

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Economic

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Social

1. Consumer preference of high-speed rail over airlines in short and medium distances: Traveling economy class in Aeroplane is generally considered unpleasant due to people being cramped in a small space and passengers pushed into each other’s personal space. Rail industry offers more comfortable and cheaper travel when compared to air travel. High speed rail industry is growing at a rapid pace, posing direct competition to the airline industry in the short and medium distance travel space. Generally, those trains that travel at a speed of more than 250kmph are considered high speed rail. Currently more than 11,000 kilometres of high-speed lines are under construction. Asian countries like Japan and China have rapidly adopted the high-speed railway system. United States which in the past was not too keen on developing rail networks now wants to develop a modern high speed rail network. The rail also produces less pollution and hence can be preferred in the future with rising environmental concerns. One drawback of the rail system is that it requires a lot of land and investment as track infrastructure has to be built. The adoption and growth of rail especially in the US will help Trimble as it is one of the major players in the transportation and construction sector and also provides various rail solutions.

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Technological

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Legal

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Environmental

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