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Brazilian Motorcycle Production Continues To Grow
In July 2019, 92,000 motorcycles were produced in Brazil, up sharply from the 68,000 units produced in June 2019. January to July production was 629,000, 6.3% above the 592,000 units produced in the same period of 2018.
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FAR EAST: SOUTH KOREA REPORT
Increased Uncertainty Causes Export-Investment Slump To Continue
In the August edition of the Economic Trend Report (Green Book), the Korean Ministry of Planning and Finance defined the recent Korean economy this way: “production has increased moderately but exports and investments continue to be sluggish”.
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SOUTHEAST ASIA: THAILAND, INDONESIA REPORT
Thailand May Become New Car Sales Leader in 2019
New car sales from January to June in six major countries in Southeast Asia were 1.7 million, unchanged from the same period of the previous year.
Thailand and Indonesia are the two major markets. Thailand, where consumption is strong, increased by 7% year-on-year, while Indonesia, which faces a decline in resource prices, decreased by 13%. Thailand could be ranked first this year for the first time in six years.
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FAR EAST: JAPAN REPORT
Mitsubishi Manufactures Wind Turbines
Mitsubishi Heavy Industries has begun manufacturing the basic structure of wind turbines at the Nagasaki Shipyard, where excess capacity exists. This is because MHI’s specialty LNG carriers are monopolized by Korean manufacturers and MHI is not receiving orders. Now, they take on non-shipbuilding jobs and help maintain the employment of the shipyard. Their Nagasaki Shipyard started manufacturing the basic structure that supports large wind turbines. Since the shipyard has a space for handling large parts of the ship, it can also be used to manufacture wind turbines.
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Recession May Come Before CASE Is Realized
President and Founder, Japan Electrification Research Institute, Ltd.SUMMARY. The global auto industry is bubbling with changes and dramatic new ideas, but the current declining financial performances of Japanese auto OEMs may force them to drop out of the race temporarily before they can take advantage of the growing demand for autonomous vehicles.
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PowerTALK August 2019
The August 2019 issue of PowerTALK, the monthly report of world news and analysis from Power Systems Research, contains an economic outlook report for North America and a guest editorial by Mr. Kenichiro Wada who discusses the near-term problems facing Japanese auto OEMs as they develop autonomous vehicles.
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Off-Highway Truck Production
2019 NA Production About The Same as 2018
1400 Units
This information originally appeared in the August 2019 issue of PowerTALK.
Carol Turner is Senior Analyst, Global Operations
DataPoint Fourteen hundred units is the estimate, by Power Systems Research, of the number of Off-Highway Trucks that will be produced in the United States and Canada during 2019. Estimated 2019 production will be about the same as 2018.
In 2018, production was 1412 units, down 55 units or 4% from 2017.
This information comes 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: Caterpillar leads in the production of Off-Highway Truck in NA with 54.5% of total units manufactured. In second position is Deere with 28%; third is Komatsu America with 15.5%.
Carol Turner
Senior Analyst Global Operations
Exports: Collectively up to 20% worldwide
Trends: The decline in manufacturing from 2017 is caused by the weakening of mining related activities especially within the copper and gold segments along with overseas mining related issues.
It was favorable news in 2017 for companies servicing the mining sector after project opportunities declined the past few years. There was an increasing demand for mining operations due to the rise the excavation of iron ore, nickel and bauxite followed by gold and copper. Expect the production of Off-Highway Trucks to increase up to 3% over the next three years, but that number will fluctuate with the demand for mining. PSR
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PowerTALK News, August 2019
Download PDFNorth America Economy Slows and Shifts
The August 2019 issue of PowerTALK News, the monthly report of world news and analysis from Power Systems Research, contains an economic outlook report for North America and a guest editorial by Mr. Kenichiro Wada, who discusses the near-term problems facing Japanese auto OEMs as they develop autonomous vehicles.
The North American economic forecast by Yosyf Sheremeta, Director of Product Management & Customer Experience. During H1 2019, he writes, the economy remained stable and pure economic conditions in the region were favorable. Most industries performed very well, and the short-term outlook remains flat to positive for most market segments. “However,” he writes, “we see many new developments that could suggest a shift in the trend.”
Here are other Top Stories in the August issue:
• Guest Editorial: Japanese Autonomous
• Data Point: US Off-Hwy Trucks
• China Has Largest EV Charging Network
• Brazil Harvester Sales Grow
• CAT Brazil Shows New Units
• Manitou Sees Slowdown
• Doosan Introduces Electric Units
• India 2-Wheel Sales Fall
• India 2-Wheel Inventories Climb
• Russian Auto Plant Begun
• Russian Machinery Sales Up 30%
• Russia, China Team UpAcross all market segments, we expect overall total OEM equipment production numbers to be flat for 2019, which is in line with our previous projection in Q4 2018 at -0.6%. We see an almost flat to slightly lower level of overall activity in 2020 at -2.0%, as the overall economy reaches its peak in productivity, and as demand levels decline going into 2020-2021.
We saw a slight drop in demand for consumer products, starting at the end of 2016-2017, but the overall level of demand remained stable in 2018. We project these markets to be flat this year. Most of the decline is cyclical and is mainly due to markets having reached their peaks in 2016-2018. At this point, over the mid-term and long-term, we do not expect any major or significant declines in any of the segments.
Read his complete report in the August issue of PowerTALK.
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MotorIndia Magazine: India CV Market Facing Lower Demand in 2019
The India CV market is facing lower demand in 2019, reports MotorIndia magazine in its August 2019 Market Outlook issue.
CV Link is a comprehensive database updated quarterly that covers the CV market.
After a blockbuster growth in 2017 and 2018, writes Shah, growth that was largely driven by demand for tipper trucks due to the new infrastructure, mining projects and fleet replacement; the party ended in Q4 of 2018.
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NS 7 Will Bring More Stringent Emission Regulation
In speech “Development Status and Trend of Mobile Emission Regulation”, delivered by Research Fellow Ms. Ni Hong of Chinese Research Academy of Environmental Sciences, think tank for Ministry of Ecology and Environment, in concurrent event of Engine China 2019, Ms. Ni noted that CO2 reduction is an issue of future scrutiny. NS 7 will come after NS 6 and that emission regulation will only be more and more stringent.
Source: China Automotive News Read The Article
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