Astec Industries, Inc. - Common Stock (ASTE)

Competitors to Astec Industries, Inc. - Common Stock (ASTE)

CASE Construction Equipment

CASE Construction Equipment, a brand under the CNH Industrial umbrella, competes with Astec Industries in the construction equipment market. Alongside a broad line of general construction machinery, CASE emphasizes intelligence and technology on job sites, which is an area where it excels compared to Astec. With a strong international presence and established dealer network, CASE capitalizes on brand recognition and customer loyalty. Astec, while robust in its niche, may find it challenging to compete against the extensive resources and comprehensive offerings CASE can provide.

Eagle Crusher Company

Eagle Crusher Company competes with Astec Industries in the manufacture of crushing and screening equipment. Both companies focus heavily on the construction materials sector, but Eagle Crusher has developed a strong reputation for high-quality portable crushing solutions, which appeals to customers in need of mobile equipment. While Astec has a broader range of products, Eagle Crusher's innovation in portable equipment design provides it with a distinct competitive advantage that appeals to customers seeking flexibility and ease of transport in their operations.

McCloskey International

McCloskey International specializes in manufacturing equipment for the mining, construction, and recycling industries, positioning itself as a direct competitor to Astec Industries. Both companies focus on producing high-performance crushing and screening equipment. McCloskey has carved out a niche in mobile equipment solutions, allowing for greater flexibility on job sites, which gives them an advantage in segments where mobility and ease of transport are critical. Astec, with its established industry reputation, competes through innovation and continuous improvements in product efficiency.

Terex Corporation 

Terex Corporation and Astec Industries compete in the heavy equipment manufacturing sector, specifically in the production of equipment for infrastructure and construction applications such as asphalt plants, crushing, and screening equipment. Both companies strive to innovate their product offerings and improve efficiency, but Terex has a more diversified portfolio that includes a broader range of material handling and access equipment. This diversification offers Terex a competitive advantage in terms of market reach and customer base.

Volvo Construction Equipment

Volvo Construction Equipment, a segment of the larger Volvo Group, competes with Astec Industries by offering high-quality construction and mining equipment. While both firms emphasize sustainability and technological advancement in their machinery, Volvo's strength lies in its global brand recognition and extensive distribution network, giving it a competitive edge in markets outside the United States. Additionally, Volvo's reputation for durability and innovation further positions it strongly against Astec in the heavy machinery landscape.