Yanmar Power Solutions is advancing the development of engines that are compatible with next-generation fuels. In anticipation of future increased production volumes of marine and land-based engines, the company has acquired a site in Amagasaki City, Hyogo Prefecture.

The new plant will be used to conduct test runs of marine hydrogen engines and to reorganize and strengthen production capabilities, including those of existing plants. The new plant is scheduled to begin operations about March 2029.

In the marine industry, there are ongoing efforts to develop and commercialize decarbonization technologies with the aim of achieving carbon neutrality by 2050. Leveraging its expertise in engine development and production, Yanmar Power Solutions plans to develop powertrains compatible with next-generation fuels, including hydrogen, methanol and ammonia, and establish production systems to support them.

Source: Yanmar Official Release

PSR Analysis: I believe that Yanmar’s latest move indicates a shift in efforts to decarbonize marine engines from the “technology development” phase to the “production system establishment” phase. Although alternative fuels, such as hydrogen and ammonia, have largely remained in the demonstration or conceptual stage, the decision to construct a dedicated factory is a step toward future commercialization. In the marine sector, in particular, there are many large-scale applications for which electrification is not a realistic alternative. It is becoming increasingly clear that the primary approach will be to switch fuels while retaining the engines themselves.

This move will likely entail more than just a technological shift; it will also require a restructuring of the supply chain. Widespread adoption of hydrogen engines requires an ecosystem involving multiple players, including fuel supply infrastructure, ship operators, and port facilities, and cannot be achieved by engine manufacturers alone.

While moves such as this, where manufacturers take the lead in establishing production systems, can be viewed as part of their positioning strategy with an eye toward future market launches, actual demand formation depends heavily on progress on the fuel supply side. Thus, decarbonization in the marine engine sector is shifting from “product competition” to “industry competition linked to infrastructure.” PSR

Akihiro Komuro, Research Analyst, Far East and Southeast Asia, in Power Systems Research

In response to the growing adoption of electric construction equipment, HD Construction Equipment has introduced South Korea’s first safety management certification system for high-voltage systems. The system is designed to educate specialists in maintaining and inspecting high-voltage batteries and electrical systems in electric excavators and other machinery.

Recognizing that the expansion of electric construction equipment requires addressing safety risks that differ from those of conventional diesel machines, the company has developed educational programs and a certification system. Certified individuals receive specialized training in handling high-voltage equipment, troubleshooting, and maintenance operations.

The company positions this initiative as part of the infrastructure development required for the expansion of the electric construction equipment market. HD Construction Equipment plans to continue fostering relevant talent and strengthening its service infrastructure.

Source: HD Construction Equipment

PSR Analysis: I think this initiative shows that South Korean construction equipment manufacturers are starting to see electrification as more than just product development. They view it as an “operation-oriented industrial infrastructure” that includes service systems and workforce development.

Electric construction machinery requires high-voltage batteries and electrical systems, so it demands different maintenance skills than conventional diesel machines. Against this backdrop, manufacturers’ move to establish a certification system reflects their intention to establish electrification in the market as a total solution that includes operation and maintenance, not as a standalone product.

In this regard, South Korean manufacturers’ approach appears to differ from that of their European and American counterparts. In Europe and the United States, service systems based on existing dealer networks are well-established, and efforts regarding electric construction machinery proceed as an extension of these frameworks.

In contrast, Korean manufacturers are proactively establishing certification systems and training programs to address the new risks associated with electrification. This proactive approach effectively mitigates operational uncertainties during the initial stages of electrification, potentially providing a competitive advantage, especially in regions with underdeveloped service infrastructure. PSR

Akihiro Komuro is Research Analyst, Far East and Southeast Asia, at Power Systems Research

1,300 units is the estimate by Power Systems Research of the number of Golf Cars expected to be produced in North America during 2026.

Dumpers/Tenders are vehicles designed for carrying bulk material, often on building sites. Dumpers are distinguished from dump trucks by configuration: a dumper is usually an open 4-wheeled vehicle with the load skip in front of the driver, while a dump truck has its cab in front of the load.

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.

Market Share. With 50% of total units produced, Country Home Products leads in production of Dumpers/Tenders in North America. In second position is Allen Engineering with 24%; third, Power Buggy (Indy) 13%. 

Export. 15% worldwide.  

Trends. In 2025, production of Dumpers/Tenders in NA increased 6.4%.  Expect production to gain 10% in 2026 over 2025.  The 2024 decline was due to saturation in the marketplace along with longevity of products in the field.  Also, utility style models are versatile and are extremely popular with homeowners. 

Dumper/Tenders are sought after pieces of equipment, much faster than a conventional wheelbarrow and they accelerate job site activities.  Expect production to increase an additional 5% by 2035.   PSR

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

The outlook is supported by expectations of improved credit availability, federal support programs such as Carro Sustentável and Move Brazil, and a strong commodities export environment, which bolsters freight demand. The heavy truck segment, which faced a steep decline in 2025, is expected to contribute to overall market expansion. Fenabrave’s forecast assumes modest macroeconomic improvement and continued easing of credit conditions.

Source: Automotive Business / Frenabrave     Read The Article

PSR Analysis. The ~3% market growth projected for 2026 is consistent with updated industry fundamentals, particularly in commercial vehicles. While Power Systems Research initially assumed a lower growth for trucks and buses, actual December results came in below expectations, effectively lowering the comparison base.

With revised sales and production data now incorporated in the PSR database, and scheduled to be reflected in the Q2 2026 database revision, the growth outlook aligns closely with Fenabrave’s projections and stands above ANFAVEA’s expectations. This adjustment suggests that the 2026 expansion reflects a normalization from a weaker level in 2025, supporting a view of gradual recovery and improved stability.   PSR

Compared with the previous generation, the A60 delivers a 15% gain in fuel efficiency and 5% increase in productivity per loading cycle. The redesign includes improvements in drivetrain, transmission, traction control and operator ergonomics, reflecting Volvo’s renewed lineup update for articulated trucks in Brazil.

Source: Automotive Business     Read The Article

PSR Analysis: The upgraded A60 meets rising demand from mining, quarrying and large-scale infrastructure sectors by combining high payload, improved fuel economy and proven off-road capability, translating into lower operating cost per ton transported. Its enhanced drivetrain, traction control and stability — crucial in challenging terrain — should increase uptime and reliability for high-utilization fleets.    PSR

Fabio Ferraresi is Director, Business Development, South America, for Power Systems Research

The U.S. Department of Commerce has announced tariffs of up to 50% on 407 steel and aluminum derivative products from South Korea.

The department’s Bureau of Industry and Security said this measure would apply to hundreds of products, including wind turbines and their components, mobile cranes, bulldozers, railway vehicles, furniture, compressors and pumps.

The Korea International Trade Association (KITA) has analyzed the tariff targets, which include refrigerators, freezers, auto parts, elevators, transformers, construction machinery, wires and cables, and forklifts.

KITA particularly pointed out that auto engine parts, which were previously exempt, are now also subject to tariffs, which will inevitably damage the industry.

Source: DKNET News

PSR Analysis: U.S. tariffs of up to 50% on steel and aluminum products could impose broad cost pressures on South Korean cranes, construction machinery, compressors and auto parts. This would reduce the profitability of exports to the U.S., and manufacturers are expected to respond in the short term by passing on price increases and adjusting inventories. In the medium term, they are likely to shift production to the U.S. or within the USMCA region, source parts locally and substitute materials. They are also likely to intensify efforts to apply for tariff exemptions and engage in lobbying activities. PSR

Akihiro Komuro is Research Analyst, Far East and Southeast Asia, for Power Systems Research

São Paulo– This year’s Paving Expo, held Sept. 23–25 at São Paulo’s Distrito Anhembi, marked another record edition for Latin America’s largest event dedicated to paving, road construction, and infrastructure technologies.

With all exhibition space sold out, more than 300 companies showcased their solutions to an audience expected to surpass 20,000 industry professionals, while the technical congress (Paving Conference) attracted some 4,000 delegates.

The numbers reflect the sector’s growing dynamism: nearly 9,600 visitors attended on the opening day alone, and projections indicated up to 30,000 participants over the full three-day program. Last year’s edition closed with 24,000 attendees, underscoring the show’s consistent expansion.

The PSR South America Perspective
At the show, Heitor Aguiari and Fábio Ferraresi, from the Power Systems Research (PSR) South America team, gathered insights directly from exhibitors and visitors.

Overall, the sentiment was that 2025 has been a slow year for the market, constrained by economic uncertainty and cautious investment decisions. Some stakeholders said that despite the growing presence of advanced technologies—such as digital paving controls, smart compaction systems, and next-generation asphalt plants—a key bottleneck for productivity gains is the capacitation of the workforce, as operators are often not fully trained to exploit these machines’ potential.

The construction industry grew by around 2.5% in 2025, underpinned by housing programs, renewable energy projects, and road concessions. Cement consumption, a proxy for construction activity, has risen steadily this year, showing increases above 5% compared to 2024 and even with the positive drivers, the investment in equipment was low due to conflicting political and economic signs.

Looking ahead, exhibitors expect 2026 to bring a temporary upswing, driven mainly by the elections and the traditional increase in public spending that accompanies them. Still, this is seen as temporary increase of sales rather than a structural, long-term driver, even with the demand of infrastructure investment in Brazil and the positive impact it would bring in the Equipment Supply Chain and overall economy, underlining both the opportunities and the fragility of demand cycles in Brazil’s paving and construction equipment markets.

Economy Analysts forecast an average annual growth rate of nearly 4% for construction between 2026 and 2029. Brazil’s government projects GDP expansion of 2.4% in 2026, slightly slower but still supportive of infrastructure demand. PSR

Fabio Ferraresi is Director, Business Development, South America, for Power Systems Research
Heitor Aguiari is Senior Analyst at Power Systems Research

The 4.5-liter engine delivers 97 kW (130 hp @ 2200 rpm) and will power Dynapac’s CA25, CA30, and CA35 compactors starting in 2026, in addition to the CP28 pneumatic roller already using the same platform.

Designed for Tier 3 emissions compliance, the QSF 4.5 combines high power density, fuel efficiency, and extended maintenance intervals, enhancing uptime and reducing operating costs for construction contractors. The collaboration between Cummins and Dynapac strengthens both companies’ positions in the road-building equipment segment and underscores Cummins Brazil’s role as a regional engineering and manufacturing hub for off-highway engines.

Source: Cummins Press Release      Read The Article

PSR Analysis. The QSF 4.5 reflects Cummins Brazil’s shift toward locally engineered solutions tailored to regional operating and service conditions, which enhances competitiveness, supply-chain resilience, and responsiveness to local OEMs like Dynapac.

However, this approach also diverges from Cummins’ global standardization strategy, introducing greater product variability and complexity across its portfolio. While it reinforces the Brazilian industrial ecosystem and reduces dependency on imports, it challenges the company to balance local customization with global efficiency and common-platform synergies.   PSR

Fabio Ferraresi is Director, Business Development, South America, for Power Systems Research

3,000 units is the estimate by Power Systems Research of the number of Crawlers expected to be produced in the U.S. in 2025.

There are two types of Crawlers: a Crawler Excavator and a Crawler Loader.

A Crawler Excavator is a self-propelled crawler mounted on heavy equipment that is designed to dig or move large objects and is classified by its mode of locomotion. The main function of a Crawler Excavator is to dig holes or trenches for construction related activities.

A Crawler Loader is a piece of mobile construction equipment used to load materials; it’s used primarily in tough, off-road terrain. It’s similar to a wheel loader, except it has treads instead of wheels.

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. PSR  

For details, download the complete report above. 

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

Pedestal Cranes. This equipment is used on projects that are stationary or where mobility needs are small; they offer the perfect combination of powerful performance, durability and cost effectiveness.

Self-Propelled Cranes This is a mobile crane which is a self-propelled vehicle, one that is designed for lifting objects using a boom with lifting gear. It only carries loads that are necessary for its own propulsion or equipment.

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. PSR

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