United States Offices
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.
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Strait of Hormuz Closure May Tip Global Economy

Chris Fisher Americans are warily eyeing prices at the pump as oil shipments through the Strait of Hormuz grind to a halt amid the threat of Iranian attacks on vessels. The IEA took the unprecedented step of saying it would release 400 million barrels of oil from reserve on Wednesday. But oil is far from the only product for which the world economy is heavily dependent on the shallow, narrow waterway which connects Persian Gulf ports with the rest of the world. From the metals market to agriculture and autos, a de facto closure of the strait would ripple through business sectors and both the U.S. and world economy.
Aluminum is a good example. It is one of the biggest non-petroleum commerce casualties of the U.S.-Iran war. In 2025, the Middle East accounted for roughly 21% of unwrought aluminum imports and 13% of wrought aluminum imports — and those percentages have been rising. Unwrought aluminum is the raw, unprocessed metal in forms like ingots and billets, while wrought aluminum has been mechanically shaped into sheets, rods, or other finished forms used directly in manufacturing.
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CONEXPO – Summary Report
CONEXPO 2026 Offers Trend To Smart Machines
LAS VEGAS—Power Systems Research (PSR) sent a team of analysts to the CONEXPO-CON/AGG 2026 Show to talk with exhibitors and about the state of the industry and to learn more about new products.
You can read their impressions of the show, their takeaways from talking withexhibitors and attendees about the state of the industry, and the information they gathered about innovative new products.
Interestingly, the PSR team didn’t see big movement to battery power. They saw more hybrids and hydrogen power moving forward. Battery seemed to be relegated to smaller machines.
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CONEXPO 2026 Shows Hybrid Power Gear
LAS VEGAS—Many visitors to the CONEXPO-CON/AGG 2026 show here March 3-7 arrived from the cold and snowy Midwest and East Coast. The show exhibit areas covered 2.9 million square feet; with some of the exhibit areas being outdoors attendees felt the warmer than normal temps this time of year where Las Vegas had a record temperature of 86F on March 1. Those warmer temperatures lingered throughout the week.
This year’s show at the Las Vegas Convention Center drew an estimated 2,000 exhibitors and while attendance figures were not available as we prepared this report, observers said traffic was very heavy and attendance was expected to surpass the record 139,100 figure set at the last show in 2023.
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CONEXPO Provides NA Market Outlook

Lorena Violante We talked with many industry representatives at CONEXPO, and we generally heard that the North American construction equipment market is performing relatively well and that it is expected to experience low single-digit growth in the near term, with demand remaining stable. Demand continues to be supported by infrastructure investment and ongoing construction activity.
OEM representatives said their cautious forecasts were affected by factors such as interest rates, inflation, tariffs…
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PSR Adds Team Members
Power Systems Research has added two members to its team of analysts and account executives. Jack Prince, joins as a Business Development Manager in Ann Arbor, MI, and Jansmin Reichert comes aboard as a Junior European Market Research Analyst in our Brussels office.

Jack Prince 
Jasmin Reichert Jack Prince brings more than 25 years of business development and commercialization experience to the global automotive and mobility industries. He uses research and data to help clients identify market opportunities…
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Q4 2025 Truck Production Climbs 3.7%
The Power Systems Research Truck Production Index (PSR-TPI) increased from 107 to 111, or 3.7%, for the three-month period ended Dec. 31, 2025, from Q3 2025. The year over-year (Q4 2024 to Q4 2025) loss for the PSR-TPI was, 113 to 111, or -1.8%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets. This data comes from OE Link,™, the proprietary database maintained by Power Systems Research.
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Alternative Power Report, February 2026
In the February 2026 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, you'll find articles on Tesla committing suicide by shifting away from auto productions, Germany's new stance on hydrogen, new 4X power sodium-ion batteries, Europe's hydrogen bus experiment, and Mercedes introducing a new solution to cut pollution. Read these articles and more in the February Alternative Power Re…
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North America Tractor Production

80,800 units is the estimate by Power Systems Research of the number of Ag Tractors expected to be produced in North America (United States, Canada, and Mexico) during 2026.
This product 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.
Ag Tractors are produced in several different types that were considered…
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Tesla Committing Automotive Suicide

Guy Youngs Following its Q4 2025 financial update, Tesla appears to be pivotally shifting away from its identity as a traditional automaker. By phasing out the Model S and X to focus on ‘Transportation as a Service,’ leadership is betting heavily on an autonomous-first business model.
And instead of building on that success, expanding into new segments, addressing affordability, and competing with the flood of new EVs from legacy automakers and Chinese competitors, the company that revolutionized the auto industry is walking away from it.
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Audit Court Calls Time on Hydrogen Inevitability
“The October 2025 special report from Germany’s Federal Audit Court, Implementation of the Federal Government’s Hydrogen Strategy, lands with unusual weight because it is not a policy critique or an academic intervention, but a statutory budgetary assessment delivered to Parliament,” reports Clean Technica.
It evaluates the hydrogen strategy against the legal requirements of the Energy Industry Act, namely security of supply, affordability, environmental sustainability, climate neutrality, and fiscal…
Power Systems Research – Headquarters
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Eagan, MN 55121
United States
Tel: +1.651.905.8400
Fax: +1.651.905.8487
info@powersys.com
Lynn Olthof Vice President of Business Development
Lynn has over 30 years of sales and sales management experience. Currently at Power Systems Research, Lynn has direct responsibility for Business Development across 13 key industries including Construction, Agriculture, Commercial Vehicles, Recreational Products, Lawn and Garden and Marine. Overseeing the Global Account Management team, focused on driving revenue and growth by providing production, forecast and population data for IC engines, electric and hybrid powertrains to OEMs and suppliers across the world.
Prior to joining PSR, Lynn was the Director of Sales at Wards Automotive, a division of Informa and an Account Executive at IHS Markit (S&P Global). Additionally, Lynn spent over 20 years in various Sales and Management positions with the Hertz Corporation.
Lynn graduated from Northern Michigan University with a Bachelor of Science degree in Marketing. In her free time Lynn enjoys golfing, snow skiing, paddle boarding and spending time with family and friends.
Power Systems Research – Detroit
Tel: +1.248.444.0545
Tel: +1.651.905.8400
infode@powersys.com
Jack Prince Business Development Manager
Jack Prince brings over 25 years of business development and commercialization experience to the global automotive and mobility industries. He uses research and data to help clients identify market opportunities and improve business efficiency while enhancing product performance. Jack has advised emerging ventures on market discovery, product strategy, and investor engagement. His experience includes supporting global ventures in electromechanical systems, radar and sensor technologies, structural plastics, SaaS platforms, and vehicle access solutions. Jack holds a Bachelor of Science in Business Administration and is currently completing an Executive MBA at Michigan State University.
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TPI
PSR Truck Production Index
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Alternative Power Report
The latest EV and power source news including batteries and fuel cells with analysis by PSR experts.
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Model Detail by Segment
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DataPoint Reports
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- North America Aerators Production
- North America Snowblower Production
- North America Tractor Production
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Show Reports
- CONEXPO – Summary Report
- CONEXPO 2026 Shows Hybrid Power Gear
- South America Paving Expo 2025 Sets Records
Current Reports
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Stay informed each month with insights from Power Systems Research analysts working around the world as they identify and comment on important news items in the company’s monthly newsletter.
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