Today Joe Delmont presents the 2021 forecast for Crawler production in North America. This forecast has been developed by Carol Turner, senior analyst of global operations, at Power Systems Research. Carol provides annual production forecasts for important equipment applications.
4,100 units is the estimate by Power Systems Research of the number of crawlers to be produced in North America in 2021.
This information comes from industry interviews and 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: With combined plant totals of 55% Caterpillar leads in production of crawlers in North America. In second position is Deere with 31.5%; third, is Case with 10%.
Exports: Collectively, up to 30% worldwide.
Trends: During 2020, production of Crawlers in North America (US) decreased nearly 18%, but production is expected to rebound 19% in 2021, compared to 2020. Most of the decline in 2020 was due to COVID-19-related factors such as plant shutdowns, parts availability and lack of workforce. The market significantly dropped in the Spring of 2020 due to the combination of low oil prices and a lull in mining and construction projects.
A few years ago, construction spending in the United States was above annual levels, according to a new analysis of federal data released by the Associated General Contractors of America. Construction and mining activities increased resulting in gains for 2018.
Decreases in production are also attributed to divergent trends however, as public sector construction activity has continued to decline while private sector demand for new construction strengthened. Even though sales dropped considerably in 2020, production is expected to gain up to 15% by 2025 primarily influenced by the positive outlook for construction (infrastructure) and mining related activities. PSR
Carol Turner is Senior Analyst, Global Operations
