Kia Motors Targets Growth in Rural Markets

Aditya Kondejkar

Kia Motors is expanding its network and targets to reach 300 touchpoints by the end of the year. Further, the company will now focus on expansion in tier-IV and upcountry markets, which will further penetrate the Indian market.

The company is identifying the nerves of Indian customers. It has rightly understood that one of the critical factors in purchasing a car is consumers’ proximity to the brand. Hence, even before the first product (Seltos) launch in the market, it had a wide-spread network in 160 cities with 265 touchpoints.

Read More»

Hurricane Effects Lift Q3 2017 Gen-Set Sales

SUMMARY: Gen-set sales experienced a sharp increase in Q3 2017 with overall sales up 21.8% over Q2 2017 levels due to demand from hurricanes Harvey and Irma.  This increase follows Q2 2017 where dealer reported sales were up 1.8% relative to Q1 2017 levels.

Read More»

Gen-Set Sales Gain Momentum in Q2 2017

SUMMARY: Considering sales across all power ranges, gen-set sales gathered some momentum in Q2 2017, up 1.8% compared to Q1 2017 levels.  This increase follows Q1 2017 where overall dealer reported sales were down 5.5% relative to Q4 2016 levels.

Read More»

OEM Off-Highway Magazine: Heavy Equipment Markets See Improvement in 2021

Off-road equipment markets are expected to see a slight recovery from the devastating effects of COVID-19 in 2021, according to a report prepared by Power Systems Research that appeared in the October 2020 issue of OEM Off-Highway magazine.

One segment, the construction equipment market in North America has been riding a strong economy over the past few years. The segment was due for a slowdown; however, current worldwide economic conditions have caused a rapid cycle to reset in the construction industry. Government is committed to support the demand in the sector by investing heavily into infrastructure. We have yet to see any new level of demand, but we expect to see signs of the new normal in H2 2020 and early 2021. PSR

Strong Post-pandemic Growth Expected into 2022-23 for North America

Yosyf Sheremeta
Yosyf Sheremeta

SUMMARY.  After the GDP declined 3.5% last year, the worst performance in almost 75 years, the US economy is set for a strong comeback.  There are many reasons to be optimistic about the economy for the next few years, including strong readings of macro-economic factors combined with the economic cycle reset backed by government initiatives and policies.

Our positive outlook is based on the reviews of key economic indicators, including GDP, unemployment, and inflation. 

During H1 2021, we witnessed a strong level of activities and a rebound for many industries.  As local governments eased lockdown restrictions, service-oriented industries gained traction and that translated to an overall increase of economic activities across many industries. 

We expect this level of rebound to continue and we now expect even stronger overall growth for 2021.  The US economy is on track to reach or even surpass the growth level of 1984 – the highest one since 1950s.  In the near term, consumer spending will help drive demand and support the strong growth trend.

Read More»

Gen-Set Sales Start Slow in Q1 2017

SUMMARY: Considering sales across all power ranges, gen-set sales were off to a slower start in Q1 2017, down 5.5% compared to Q4 2016 levels.  This decrease follows Q4 2016 where overall dealer reported sales were flat relative to Q3 2016 levels.

Read More»

Edge Computing Makes America More Efficient

John Krzesicki talks with Carrie Goetz about the trends in edge computing, a movement that shifts data processing from the cloud to local data centers closer to the applications.

Transcript

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

00:06 John Krzesicki

Hello, my name is John Krzesicki with Power Systems Research. I’m a business development manager for the US and with me today I have Carrie Goetz who is a fractional CTO for multiple companies. She’s been in the business for many years. She was also voted as being one of the most influential women in the tech industry in 2020.

Read More»

Q2 2018 Shows Further Evidence of Paradigm Shifts Following 2017 Hurricanes

SUMMARY: Gen-set sales climbed 5% over Q1 2018 levels in anticipation of the camping season and end of fiscal year for many government and industrial consumers. While fewer dealers commented on specific-storm related residential demand this quarter, the 5% growth this quarter does seem to indicate that last year’s hurricanes may have raised the gen-set market up to a new normal, especially when compared to the 1.8% growth reported in Q2 of 2017.

Read More»