Fastest NA Economic Growth Expected Since 1980s

Year: 2021

2021-04-25

Fastest NA Economic Growth Expected Since 1980s

Read the complete report in April PowerTALK™ News.

Yosyf Sheremeta
Yosyf Sheremeta

(April 1, 2021)–After the GDP declined 3.5% last year, the worst performance in almost 75 years, the US economy is set for a strong comeback.  In fact, we could see GDP growth exceeding 6% this year.

There are many reasons to be optimistic about 2021.  Strong readings of macro-economic factors combined with the economic cycle reset backed by the government initiatives and policies support our estimates for the current year and beyond. 

Our positive outlook is based on the reviews of the key economic indicators, including GDP, unemployment, and inflation.   In our previous forecasts, we discussed recovery trends for the post-pandemic period, stating a return of demand for most markets in 2021, especially during H2 2021.  

Based on our analysis of the expected growth trend and the economic reviews in major publications, we think US growth can surpass the growth level from 1984 – the highest one since 1950s. 

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2021-04-21

Mining World Moscow 2021 Reopens Without Major Exhibitors

 MOSCOW (April 21, 2021)–After only a seven-month break, the Mining World Russia trade show has started again, without many major exhibitors. The last Mining World event was conducted in October 2020.

Maxim Sakov
Maxim Sakov

This year’s fair started April 20 in the same place – the Crocus Expo Center Moscow. There were no significant changes since the last event. The amount of occupied space was similar, and the number of participants was about the same (167 companies versus 176 last time).

However, the number of countries has increased significantly – to 20. There were exhibitors from Australia, USA, Canada, U.K., India, China and so on. Large machine samples, including crawler drills, have been brought by Turkish companies. Germany is presenting a national exposition at the fair (in spite of pessimistic announcements made by German top officials regarding coal mining recently). Belorussian Belaz also presented at the show.   

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2021-04-20

DATAPOINT: 2021 US ATV Production, 301,000 Units

301,000 units is the estimate by Power Systems Research of the number of ATVs to be produced in Mexico and the U.S. 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 28% of total units produced, Polaris Industries leads in production four-wheeled ATVs in North America.  In second and third positions are Honda and Yamaha Motor with 22% and 19%, respectively.

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2021-04-13

North American Economic Outlook – April 2021

In this episode of PSR PowerTALK, Yosyf Sheremeta, PhD, Dir. of Prod. Mgt. & Customer Experience, discusses why the North American economy could post record growth of more than 6% in 2021.

Transcript

Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.

00:06 Joe Delmont:

From Power systems Research I’m Joe Delmont, editor of PSR PowerTALK.

Today, we’ll discuss the economic outlook for North America. This forecast has been developed by Yosyf Sheremeta, Director of Product Management and Customer Experience at Power Systems Research. Yosyf provides our clients with economic and production forecasts each quarter. Thanks for joining us today Yosyf.

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2021-04-10

PSR Partners With HDMA In Webinar

Current and Future Supply Chain Concerns For Medium and Heavy Vehicles Will Be Discussed

Erik Martin
Erik Martin
Chris Fisher
Chris Fisher

Power Systems Research will produce a one-hour webinar with the Heavy Duty Manufacturers Association (HDMA) discussing current and future supply chain concerns, especially as they affect Medium and Heavy Commercial Vehicles. 

When? Wednesday, April 21, 2021 from 1:00 – 2:00 pm ET

What? Future areas of supply chain concerns, secondary effects of logistic and shipping issues, and current economic conditions and demand drivers.

How much? FREE for HDMA members; $100 for non-members

The scheduled presenters include

  • Chris Fisher – Senior Commercial Vehicle Analyst, Power Systems Research
  • Erik Martin – Director, Asia Region, Power Systems Research
  • Richard Anderson – Director, Market Research & Analysis, HDMA

How do I register? By clicking below!

Space is limited, so please register as soon as possible using the REGISTER NOW button on the HDMA website at www.hdma.org. If you are not a PSR Client or HDMA Member, an individual registration is $100.

Hope you can participate. During the session, we’ll discuss the future areas of supply chain concerns, secondary effects of logistic and shipping issues, and current economic conditions and demand drivers, especially as they apply to Medium and Heavy Vehicles. 

Richard Anderson will present the latest findings from his current PULSE member survey, and the session will conclude with a participant Q&A. PSR

2021-03-30

Q4 2020 North American Gen-Set Outlook

The Q4 2020 PSR PowerTracker survey provides information on North American gen-set sales from manufacturers, consumers and retailers. Joe Zirnhelt, Power Systems Research, President and CEO, provides the analysis.

Transcript

Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.

00:06 Joe Zirnhelt:

From Power Systems Research, I am Joe Zirnhelt. In today’s PowerTALK podcast we will discuss results from the fourth quarter of 2020 based on our ongoing PowerTracker survey.

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2021-03-23

DATAPOINT: Global Snowmobiles, 2021 Production, 107,250 Units

107,250 units is the estimate by Power Systems Research of the number of Snowmobiles to be produced in Canada, Finland, Italy, Japan, and the U.S. 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.

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2021-03-22

Production of Diesel Engines Started in Kaluga

PSMA Rus plant, located in Kaluga, Russia, has made first testing sample of ned DV6 motor.

First engine was produced in February. Engine production in the plant was set according to obligations for product localization, written in the contract with Russian government.

Turbocharged DV6-EL engines have 1,6-liter volume. They will be set to LCV models, produced on Kaluga’s plant.

PSMA plant in Kaluga makes Peugeot, Citroen, Mitsubishi cars for Russian market. The production started in 2010.

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PSR Analysis. If the project succeeds, it will be smallest mass produced diesel engine in Russia. Whereas EU countries are trying to cut off diesel powertrain production, Russia invites it into the country.   PSR

2021-03-20

Norway May Block Acquisition of Bergen Engines Plant

Maxim Sakov
Maxim Sakov

The Department of National Security of Norway may block the purchase of engine OEM Bergen Engines belonging to Rolls-Royce by Russian Transmash-Holding. According to Justice Minister of Norway Monica Melan, the acquisition may be a threat to national security. The deal is estimated at €150 million. According to the minister, it’s necessary to suspend a deal to collect information for making a final decision.

Bergen Engines was founded in 1946. Since then, the company delivered more than 7,000 engines, 5,000 of them still operating. Current personnel number is 900 people.

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KAMAZ JV Will Invest in Mass Production of Equipment

The joint venture of KAMAZ and ZF Friedrichshafen AG is going to establish mass production of 12-speed automated gearboxes Traxon for trucks, buses and special machines with 44-80 ton capacity. At the moment, the JV is offering mechanical transmissions only. According to the plan, the production of gearboxes will be localized on 24%, power steering, by 10%, suspensions, by 40%. New products will be supplied to KAMAZ trucks, as well as to other OEMs – MAZ-MAN, Ural, Isuzu, etc.

The total budget of the new project will be US$ 15 million (1.1 billion Rubles). About half of it will be provided by the Industry Development fund as a privileged loan.

The privileged loan will be provided by the fund on 1-3% interest rates for up to seven years.

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PSR Analysis: There is a long history of co-operation between KAMAZ and German ZF. Now, with the State support, they are going to offer to the market brand new equipment, which was not available on domestic trucks before.  PSR

Maxim Sakov is a Market Consultant – Russia Operations with Power Systems Research