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2021-03-16

North American Economic Outlook – March 2021

Yosyf Sheremeta, PhD,  Dir. of Prod. Mgt. & Customer Experience, analyzes the North American economic outlook with special emphasis on the Administration’s efforts to control emissions.

Transcript

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

00:06 Jim Downey:

Good morning and welcome to this podcast by Power Systems Research. Today we’ll be discussing the North American market outlook for.2021. I’m Jim Downey, Vice President of Global Data Products here at Power Systems Research. I’m joined by my colleague, Yosyf Sheremeta, who is the Director of Product Management and Customer Experience.

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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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2021-07-27

North American Economic Outlook – July 2021

Yosyf Sheremeta, PhD, Director of Product Management and Customer Experience, analyzes the North American economic outlook by industry segment.

Transcript

Welcome to the 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 talk with Yosyf Sheremeta about the economic outlook for North America. Yosyf is Director of Product Management and Customer Experience for Power Systems Research.

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2022-02-20

North American Economy Should Be Strong in 2022 But Grow at Slower Pace

Yosyf Sheremeta
Yosyf Sheremeta

SUMMARY.  2021 was a year of big hopes for economic recovery and pandemic management, and, overall, the economic rebound was strong.  Looking at the state of the economy in general, and the key economic indicators such as GDP, interest rates, employment levels, etc., the North America market finished the year on a very high note. At the same time, development of new pandemic variants as well as ongoing issues with supply chains have led to manufacturing issues.

The second half of 2021 brought steady economic activities and strong economic recovery.  Despite this strong performance, many existing and new challenges were seen.  Problems from pandemic-related supply chain disruptions, logistics backlogs, and semiconductor shortages to new virus variations and labor market issues have contributed to slower growth in Q4 2021 than during the first half of last year. 

Let’s break it down.  The “Great Resignation” means companies must make themselves more attractive to new hires, and it provides those workers who remain more leverage to change corporate cultures from the inside.

With help of government support and targeted fiscal policies, the US economy showed a strong comeback in 2021.  Furthermore, the growth trajectory is well positioned to continue to expand into the next few years, however, at much slower pace, than in 2021. 

At the same time, there are many reasons for us to be optimistic about this trend.  Our positive outlook is based on the reviews of key economic indicators, including GDP, unemployment, and inflation.  In our previous forecasts, we discussed recovery trends for the post-pandemic period, and called for a return of demand for most markets in 2021.   Last year, we witnessed a strong level of activities and an economic  rebound for

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2020-06-22

COVID-19 2020 North American Impact: Ag, -12%, Construction, -14%

HDMA-PSR COVID Webinar Presentation

COVID-19 continues to batter production of off-highway equipment as we continue to move through 2020. The effects of the virus on Agricultural and Construction equipment production in North America were analyzed in a June 17 webinar presented by the Heavy Duty Manufacturers Association (HDMA) and Power Systems Research (PSR). The webinar updated information presented in PSR’s webinar in April.

Jim Downey
Jim Downey

The PSR webinar team was Jim Downey, PSR vice president-global data products , and Yosyf Sherementa, PhD, PSR director-product management and customer experience.

PSR projects AG to be down 9.4% and CN to be down 11.3% when comparing global production for this year (2020) to last year (2019).

China and India which have the largest volumes for ag machinery are the lower side for production percentage drops this year. China which is also the largest producer of construction equipment is not expecting a decline this year.

Yosyf Sheremeta
Yosyf Sheremeta

A slight recovery for Construction equipment is expected in 2021, but not until 2022 for Agricultural machinery. Ag sector recovery will ultimately depend on overall economic recovery from the COVID-19 pandemic.

The construction segment will not return to pre-virus production volumes for another few years, at best. We’re looking out to 2024 or possibly 2025 to get back to 1.48 million units.

We don’t see a V-shaped type scenario on the horizon in North America, but rather recovery will look like something between a “U” and an “L.” Somewhat of a swoosh shape or upward sloping L.  Economic activity will slowly return to a sense of normalcy as the curve of new COVID-19 cases flattens.

Government support and intervention will be needed, and stimulus will provide an economic backstop. We expect modest growth in 2021. Pent-up demand and continued economic stimulus should also help with rebound.

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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.

https://open.spotify.com/episode/3G06suFSJDqQvs9LThYhrI?si=RamKZMRqQx2oSrjNYUIePw

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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2019-10-31

2019 North American Commercial Vehicle Show (NACV)

Power Systems Research had a booth presence at the 2019 North American Commercial Vehicle (NACV) show that took place at the World Congress Center in Atlanta, GA, Oct. 28-31, 2019.

The NACV featured a “Technology Showcase” where many of the leading OEMs and supply chain companies put their latest market introductions on display.  There were over 500 exhibitors at the show – assembled in both Exhibition Hall A and Exhibition Hall B of the World Congress Center. 

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2022-06-25

DATAPOINT. North American Pavers, 2022 Estimated Production: 2,900 Units

NORTH AMERICAN REPORT

2,900 units is the estimate by Power Systems Research of the number of Pavers to be produced in the U.S. and Canada during 2022.

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.

Exports: Collectively, up to 40% worldwide.

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2017-06-01

CONEXPO Publications Booming North American Rental Market Offers Opportunity


COMPOUNDINGS Magazine, June 2017 Market ReportDownload

This article appeared in the June 2017 issue of Compoundings Magazine, published by ILMA (Independent Lubricant Manufacturers Association)

If you didn’t hike through the nearly 3 million square feet of exhibit space at CONEXPO-CON/AGG in Las Vegas in March, you missed an opportunity to explore several new markets for lubricants.

And even if you were in Las Vegas, you might have missed two of the most promising growth opportunities for lubricants. One is the booming North American commercial equipment rental market. The second involves the changing outlook for emissions regulations, which will affect the demands for engine lubricants on commercial vehicles and off-highway equipment.

CONEXPO-CON/AGG is a huge international event held every three years for the construction industries, with a focus on construction, aggregates and ready-mix concrete. This year, nearly 128,000 attendees to the five-day show visited more than 2,800 exhibits.

2022-01-22

North American Rollers 2021 Production: 6,245 Units

DATAPOINT

6,245 units is the estimate by Power Systems Research of the number of rollers to be produced in North America (U.S., Canada and Mexico)  during 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 48.5% of total units produced, U.S. based Wacker Neuson leads in production of Rollers in North America.  In second position is Caterpillar’s combined plant totals of 21%; third, is Volvo Construction with 15.5%. 

Export: Collectively, up to 50% worldwide.

Trends: In 2020, production of Rollers in North America dropped 31.5%, but production is expected to rebound 16% in 2021 over 2020.  The decline in 2020 is solely based on COVID-19 related factors that impacted the global supply chain.  There are material shortages (parts/supplies), shipping issues (moving goods is slow paced), material prices increased and workforce matters (due to company shutdowns or can’t find workers).

With supply chain problems gradually being resolved, the 2021 increase is also attributed to the launching and demand for new, more versatile products, along with the stabilization of the overall economy, mostly regarding the housing/construction markets.  The demand for rental machinery is also on the rise.  

Many new models are boasting increased fuel efficiency that are desirable to operate.  Tandem drum vibratory rollers account for nearly half of all compactors produced and sold each year that range from 5-8 metric tons.  Expect the production of rollers in NA to increase an additional 10% by 2025.   PSR

Carol Turner, is Senior Analyst, Global Operations, for Power Systems Research