2019 NA Production About The Same as 2018
1400 Units
This information originally appeared in the August 2019 issue of PowerTALK.
Carol Turner is Senior Analyst, Global Operations
Fourteen hundred units is the estimate, by Power Systems Research, of the number of Off-Highway Trucks that will be produced in the United States and Canada during 2019. Estimated 2019 production will be about the same as 2018.
In 2018, production was 1412 units, down 55 units or 4% from 2017.
This information comes from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Market Share: Caterpillar leads in the production of Off-Highway Truck in NA with 54.5% of total units manufactured. In second position is Deere with 28%; third is Komatsu America with 15.5%.
Exports: Collectively up to 20% worldwide
Trends: The decline in manufacturing from 2017 is caused by the weakening of mining related activities especially within the copper and gold segments along with overseas mining related issues.
It was favorable news in 2017 for companies servicing the mining sector after project opportunities declined the past few years. There was an increasing demand for mining operations due to the rise the excavation of iron ore, nickel and bauxite followed by gold and copper. Expect the production of Off-Highway Trucks to increase up to 3% over the next three years, but that number will fluctuate with the demand for mining. PSR
