Power Systems Research (PSR) is an international research company based in St. Paul, Minnesota, USA. It operates a second North America office in Detroit, Mich., and has offices in five other countries. PSR analysts have been collecting and analyzing global engine and powertrain data and information since 1976, and we use this data to develop targeted forecasts by industry segment and region.
Our team of experienced analysts works with OEMs, engine and component manufacturers, dealers, fleet managers and industry experts to compile detailed and focused data that has become an industry standard. It’s the leading source of global information on engines and power equipment powered by IC and alternate sources. Whether you need detailed global data, forecasts or customized local market studies, we can provide you with Data, Forecasting and Solutions. Let’s start today.
The global e-motorcycle market is changing almost daily as market share leaders develop new products and new companies continue to enter the market with competitive products. Here’s an update on several leading e-motorcycle OEMs.
Tork Motors has launched the Kratos electric motorcycle in the Indian market. The new Tork Kratos will be sold in two variants – Standard and R and will be available across India in a phased manner. In the first phase, this e-motorcycle will be available in Pune, Hyderabad, Bangalore, Chennai, Ahmedabad, and Delhi. The electric motor on the base model makes a peak power output of 7.5kW or 10.05bhp and a maximum torque of 28Nm. Tork has a manufacturing capacity to make about 500 units a month at its pilot plant and about 4,000 units a month at its new plant at Chakan near Pune.
The global e-motorcycle market has experienced high growth in the last couple of years, fueled in part by the declining price of Lithium-ion batteries. The battery is one of the most expensive components of an e-motorcycle, and changes in the price of Li-ion batteries affect the entire cost of an e-motorcycle. The cost of Li-ion batteries has been steadily declining, and this trend is likely to continue.
Power Systems Research has forecasted the global CAGR for electric motorcycles, at 11% for the years 2022 – 2027.
Drivers-of-Demand for this forecasted growth are:
Increased environmental concerns.
Higher fuel efficiency of e-motorcycles compared to conventional motorcycles.
Increased demand for sustainable transportation.
New incentive programs for e-motorcycles driven by government units.
Advancements in technology such as high-speed handling, smaller/compact size, quicker acceleration, and reduced motor weight.
Introduction of fast-charging stations.
COVID-19 virus played a vital role in increasing the demands for the e-motorcycle. Pandemic halted the manufacturing of vehicle components and OEM parts for conventional motorcycles and available e-motorcycles in the market became the first choice among the consumers.
Expanding dealer and distributor network promoting the e-vehicle and its advantages.
Consistent research and technological advancements in the automobile industry to provide advanced technologies to e-motorcycles
Two factors hampering the growth of the market are the comparatively higher initial cost for e-motorcycles and the lack of a developed charging infrastructure. PSR
Michael Aistrup is Senior Analystspecializing in Recreational Products at Power Systems Research
Cummins, Inc., is working to develop hydrogen-powered engines, using approaches for Hydrogen combustion engines and hydrogen fuel cells.
Both hydrogen engines and hydrogen fuel cells are better suited for long haul and many regional-haul truck applications than pure battery electric vehicles.
In North America, Cummins plans to introduce hydrogen internal combustion engines across their existing engine platforms starting in 2024.
Power Systems Research (PSR), a leading source of global production and forecast information for powered equipment, has expanded its capabilities with the addition of Guy Youngs, an experienced market intelligence specialist.
Youngs, who has more than 30 years’ experience as an industry market analyst, most recently spent 11 years working for Perkins Engines in the United Kingdom.
While at Perkins Engines, he led the development of important forecast tools, including the creation of a Market Model used by Perkins Engines’ global team as a single source for its market analysis and planning efforts.
At PSR, Youngs will assume the new role of Forecast and Technology Adoption Lead. He will be responsible for continuing to develop and adapt PSR’s industry forecast, overseeing the rate of technology adoption of alternative power sources into the future outlook and technology mix.
6,800 units is the estimate by Power Systems Research of the number of Hydraulic Power Units to be produced in the United States during 2022.
A Hydraulic Power Unit (HPU) usually refers to a self-contained, free-standing engine assembly that is used to drive one piece of equipment. HPUs are powered by internal combustion engines or AC/DC electric motors.
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: Dominating production of HPUs in NA is Stanley Hydraulic with 49% of total units produced. In second position is Great Northern (Brave) with 9.5%. Tradewinds Powers is third with 8%.
Trends: Production of HPUs in the US increased 22% from 2020 to 2021. Production is expected to increase another 6% from in 2022. Hydraulic Power Units (power packs) are used in a variety of applications and industries ranging from marine, construction and military applications.
The overall gain in 2022 is attributed to the increase in construction and marine related activities. This product segment will continue to increase steadily over the next 5 years as warranted by current economic conditions and related demands. Expect an additional 10% increase by 2025.PSR
Carol Turner is Senior Analyst, Global Operations, for Power Systems Research
709,700 units is the estimate by Power Systems Research of the number of Lawn & Garden Tractors to be produced in the United States 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.
Market Share: With 39% of total units produced, Husqvarna leads in production of Lawn & Garden Tractors in North America. In second position, with combined plant totals, is MTD with 33.5%; third, also with combined plant totals, is Deere & Co. with 23.5%.
Trends: In 2021 production of Lawn & Garden Tractors in North America (US) increased 4.5% over 2020 to 683,250 units. Production in 2022 is expected to reach 709,700 units, a gain of 4.5%, compared to 2021. The forecasted gain is driven by the demand for new fuel-efficient models in the market along with the demand for new equipment.
Production has been slowed somewhat by the temporary lull in production of the Craftsman line, the saturation of new products in the market, and the unfavorable mowing conditions caused by the wet spring.
The latest models offer a variety of features for homebuyers based on yard size. Entry-level lawn riders are suited for 1.5 acres or less and usually have 1-cylider engines. Mid-grade riders have twin cylinder engines with high HP’s that work well in large cutting areas.
Production is expected increase up to 5% by 2025; lifespan of this product has about a 10-year turnover. PSR
Carol Turner, is Senior Analyst, Global Operations, for Power Systems Research
1,620 units is the estimate by Power Systems Research of the number of Dumpers/Tenders to be produced in North America 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.
Market Share: With 62.5% of total units produced, Country Home Products leads in production of Dumpers/Tenders in North America. In second position is Allen Engineering with 19.5%; third, is Indy Equipment with 10.5%.
We have been hearing a lot of talk and getting questions on the current status and the future of autonomous vehicles within the medium and heavy segment.
Early adopters of autonomous technology will likely be in the class 8 long haul segment followed by the bus and medium duty truck segment. Currently, the high cost of the technology can be better absorbed in class 8 long-haul truck applications.
The transition from level 0 to level 1 and 2 is happening relatively quickly due in part to the availability of the technology. Level 3 adoption is still a few years away and it is currently not legal to use on the highway. It will likely be 2027 or 2028 before we see small levels of level 3 commercial vehicles on the road.
460 units is the estimate by Power Systems Research of the number of agricultural harvesters to be produced in the U.S. 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.
Market Share: With 48.5% of total units produced, Deere leads in production of Harvesters in the U.S. In second position is Oxbo International’s combined plant totals of 24%; third, is Flory with 10.5%.
Exports: Collectively, up to 1% worldwide.
Trends: In 2021, production of Harvesters in NA increased 13%. Production is expected to gain another 3% in 2022. The Ag industry has fluctuated in recent years and demand for new products declined a few years ago due to falling commodity prices. Farmers couldn’t afford new equipment and spent years refurbishing existing units.
Currently, it appears that growers are moving from hand to machine harvesting. They are increasingly using over-the-row mechanical harvesters to pick produce and like commodities. Especially during COVID times, this type of machinery reduces the need for manual labor during labor shortages. The increase in harvester production is also attributed to the desire for new machinery that increases productivity and profitability.
Expect production to fluctuate over the next 3-5 years with an increase of 5% by 2025. PSR
Carol Turner is Senior Analyst, Global Operations, at Power Systems Research
Q. What is the current state of electric vehicle technology globally as well as the U.S.? A. From a medium and heavy truck perspective, electric trucks are still in the early stages of testing, and it will still be a few years before we know if the current technology will be effective. Transit or city buses are much further along in the process since these are largely not for profit vehicles and have more dedicated routes that allow for more consistent recharge.
China is probably the furthest along with electric bus adoption with almost half of all medium and heavy buses produced being electric. While electrified bus adoption in North America and Europe is not nearly as strong as China, demand is increasing. In North America, natural gas buses (CNG and Propane) are currently the alternative fuel of choice. However, government mandates will likely force bus electrification over the next decade or so.
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