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  • Q1 2024 Power Systems Research Truck Production Index (PSR-TPI) falls 4.5%

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    St. Paul, MN (April 15, 2024)— The Power Systems Research Truck Production Index (PSR-TPI) decreased from 116 to 111, or 4.5%, for the three-month period ending March 31, 2024, from Q4 2023. The year-over-year (Q1 2023 – Q1 2024) PSR-TPI was flat at 111. There was no change.

    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.

    All Regions. In 2024, Medium and heavy commercial vehicle production in Europe, South Asia and North America is expected to decline modestly while production in China, South America, Japan, and Korea is expected to improve over last year.

    Global Index. Globally, medium, and heavy commercial vehicle production is expected to decline by 1.5% this year over 2023. Moving into 2024, much of the focus on demand will be centered around slowing global economic conditions that will impact overall freight demand. PSR

    Jim Downey is vice president – global data products at Power Systems Research and Chris Fisher is the senior commercial vehicle analyst at Power Systems Research

  • South American Truck Production Index Climbs 3.4%

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    April 16, 2024— The Power Systems Research South America Truck Production Index (PSR-TPI) increased from 88 to 91, or 3.4%, for the three-month period ending March 31, 2024 (Q1 2024), from Q4 2023. The year-over-year (Q1 2023 – Q1 2024) PSR-TPI increased  from 75 to 91, or 21.3%.

    The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets. The South America TPI measures truck production in Brazil, Argentina and Columbia.

    This data comes from OE Link™, the proprietary database maintained by Power Systems Research. PSR

    Jim Downey is vice president – global data products at Power Systems Research and
    Chris Fisher is the senior commercial vehicle analyst at Power Systems Research

  • Alternative Power Report, April 2024

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    The April 2024 Alternative Power Report by Power Systems Research features several articles on batteries including one on sodium ion batteries as an alternative to Lithium Ion batteries, and another on the dropping cost of EV batteries. Hydrogen power sources show increasing promise, and there is an article on Chinese manufacturer CATL launching a battery pack with Yutong Bus Co to power commercial vehicles such as buses and trucks that has a 15-year warranty. PSR

  • NA Plate Compactor Production        

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    3,200 units is the estimate by Power Systems Research of the number of Plate Compactors expected to be produced in North America in 2024.

    Plate Compactors, also known as plate vibrators, are used to compact soils, base materials, sand beddings and pavers, to promote interlocking.

    One key piece of equipment for almost all jobs is a plate compactor There are three main categories of plate compactors:  a single plate, reversible plate and heavy-duty compactors, mostly used for soil and asphalt compaction.  The most popular are reversible plate compactors because they can go in both directions (forward/backward).

    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.

    Expect the production of Plate Compactors in NA to increase up to 10% by 2030.    PSR

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

  • PSR Is Looking Forward To INTERMAT 2024

    PARIS—The 2024 edition of INTERMAT, the International Exhibition for Construction and Infrastructure, is coming up soon. The four-day show will be held at the Paris Nord Villepinte Exhibition Center 30 minutes from Paris April 24-27, and Power Systems Research will be there. 

    INTERMAT is a leading trade show that brings together close to 1,000 industry exhibitors from the construction and infrastructure sectors worldwide. It showcases the latest equipment, materials, innovations, and technologies in the global construction industry.

    PSR team members will attend INTERMAT to gather information from exhibitors and attendees on the newest products and industry trends.

    If you would like to meet with us at the show, please  contact us to schedule a meeting.

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  • India EV Market Provides Opportunities and Challenges

    INDIA REPORT
    Aditya Kondejkar

    EDITOR’S NOTE: The 5th Annual TWF (Two Wheeler Forum) took place on Feb. 21 and 22, 2024, at the India International Convention & Expo Centre in Dwarka, New Delhi. Hosted in partnership with Trak N Tell, the event spotlighted aspects of the Indian two-wheeler and three-wheeler industry, spanning both electric and internal combustion engines.

    The landscape of electric vehicles (EVs) in India is undergoing a transformative shift, with the recent 2 wheeler, 3 wheeler, and EV show held in Delhi showcasing the industry’s dynamic evolution. Despite constituting less than 1% of total vehicle sales, the electric vehicle sector holds immense potential, and is projected to grow to over 5% in the years to come. Currently, the Indian roads host over 5 lakh electric 2 wheelers and a modest number of electric cars. However, the market’s growth trajectory remains subject to fluctuations, predominantly influenced by governmental incentives.

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  • PowerTALK™, March 2024

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    In the March 2024 issue of PowerTALK News you’ll find two articles describing changes at Van Hool, the Belgian bus manufacturer, as it struggles to meet EV competition. Another EV article describes possible EU tariffs on Chinese EV imports. You can also read an update on EV battery technology from Michael Aistrup as well as a report on the record sales performance in 2023 by Rolls Royce power systems business unit by Natasa Mulahalilovic, Finance and Admin. Manager – Europe.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT:

    • Germany Drops Subsidies for Electric Semi-trucks and Buses
    • Lithium-Air EV Batteries Tapped For Net Zero Economy of The Future
    • Why Are Hydrogen Fuel Cells So Expensive?
    • Europe May Slap Retroactive Tariffs on Chinese EVs

    GLOBAL:

    • Van Hool To End City Bus Production in Belgium
    • E-Battery Technology Increases Application Opportunities

    DATAPOINT: North America Trencher Production  

    EUROPE:

    • Rolls Royce Posts 16% Revenue Gain
    • Van Hool Making Major Changes      

    BRAZIL/SOUTH AMERICA:

    • Car OEMs Announce US$ 14.3 Billion Investment in Brazil
    • AG and CE Segments Poised for Substantial Growth in Brazil

    JAPAN: Kubota Plans To Produce Batteries for EV AG Equipment
    SOUTH KOREA: SK Plans World’s Largest Semiconductor Manufacturing Base
    CHINA: Electrification of Construction Machinery Industry Accelerates
    INDIA: EV Market Provides Opportunities and Challenges

  • South Korea Plans World’s Largest Semiconductor Manufacturing Base

    SOUTH KOREA REPORT
    Akihiro Komuro
    Akihiro Komuro

    The South Korean government announced a plan for a semiconductor industrial park in which Samsung Electronics and SK Hynix will invest a total of 622 trillion won (approx. $470 Billion). With Japan and Taiwan aggressively investing in the semiconductor industry, the government aims to compete with them by establishing the world’s largest base and stabilizing the supply of semiconductors to Korea.

    According to the plan announced by the government, Samsung Electronics and SK Hynix plan to invest 500 trillion won and 122 trillion won, respectively, by 2047. In addition to the existing 21 factories, 13 new semiconductor factories and 3 research facilities will be built. The semiconductor industrial park, which stretches from Pyeongtaek to Yongming, is expected to become the world’s largest manufacturing base with a monthly production capacity of 7.7 million wafers by 2030.

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  • Kubota Plans To Produce Batteries for EV AG Equipment

    JAPAN REPORT

    Kubota is considering in-house production of batteries for electric agricultural equipment. It is considering developing and designing its own batteries and building a new plant in Japan.

    The company intends to launch electric tractors and mowers in Europe and the United States by 2030. Kubota is preparing for increased demand in Europe, the U.S., and other markets by establishing a system for in-house production of batteries, which determine the running time of electric agricultural machinery.

    Kubota currently manufactures diesel engines for agricultural machinery, mainly in Thailand and Japan and ships them to the United States and Europe for final assembly. Regarding batteries, which are a key component of electric agricultural machinery, President Kitao said, “As with engines, we would like to be able to produce batteries for Asian markets in Thailand, and those for Japan, Europe, and the United States in Japan.”

    Read More »

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