-
Strong E-Bike Market Growth Seen
The pandemic bike boom boosted e-bike sales 145% from 2019 to 2020, more than double the rate of classic bikes, according to the market research firm NPD Group.
Research by Power Systems Research estimates the global e-bike market size at US$ 23.2B in 2022 and expects the market to reach US$ 78B by 2030, exhibiting a CAGR of 10.5%.
E-bikes are bicycles equipped with electrical motors for transforming electrical energy into mechanical energy to assist pedaling. They use rechargeable batteries that require minimum maintenance and provide power to the motor.
-
Hydrogen Fuel Cell MH Commercial Vehicle Update
Chris Fisher With regards to zero-emission medium and heavy vehicles, we have heard during the past few years that battery electric commercial trucks will ultimately replace the diesel-powered internal combustion engine for commercial trucks. At some point in the future this might be true for short and regional haul freight carriers but what about the long-haul heavy truck segment?
Currently, the lack of charging infrastructure, range anxiety and the extreme weights associated with the batteries will be a significant deterrent to mass adoption of long-haul battery electric trucks. However, hydrogen fuel cell trucks for long-haul applications appear to be a viable option in this segment. Even though fuel cell trucks currently have a greater range and lighter weight than battery electric trucks, they have the same problem as electric trucks due to a lack of a power infrastructure.
-
DataPoint: North America Tractor/Loader/Backhoes (TLBs)
Download PDFTractor/Loader/Backhoes are full-size machines that are three pieces of construction equipment combined into one: the tractor, the loader and the backhoe. These units are designed to tackle an array of construction and agricultural related activities.
Mini Tractor/ Loader/ Backhoes are compact machines that perform well for trenching, landscaping, and material handling. Units are configured with a front loader and rear backhoe attachment.
The small construction segment is predicted to increase the demand for TLBs due to the machine’s efficient use in material handling and digging applications. TLBs are efficient to use for digging applications and for material handling as well (it’s an all-in-one machine). TLBs are easy to operate, especially in limited spaces and are a versatile machine.
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 combined plant totals of 54%, Deere leads in production of TLBs in North America. In second position is Case New Holland with 45%; third, is Kubota with 1%.
Export: Up to 35% worldwide.
Trends: In 2022, production of Tractor/Loader/Backhoes in North America increased nearly 1%. From 2022-2023 production is expected to climb another 2%. This segment rebounded 57% from 2020-2021 from the 41% prior year decline.
The decline was attributed to weak demand for TLBs due to cost and the effectiveness of mini excavators as being a much more profitable tool than the backhoe loaders along with Covid-19 related factors. The COVID-19 global pandemic made 2020 a very challenging year across most industries, including the production of construction equipment in North America.
The off-highway segments (agricultural, construction and industrial) all saw dramatic production declines in 2020 compared to 2019. The decline also was caused by lower shipment volumes and foreign-currency exchange issues along with JCB redirecting manufacturing back to the UK.
Production will remain flat then steadily increase over the next five years. The increase: TLBs are still a significant selling pieces of construction machinery and will remain a popular machine. Expect production to gain an additional 5% by 2025.
Battery Electric:
Company: Case New Holland
2021: 13
2022: 7
2023: -0 (out of production)
From 2021-2022, production of Battery Electric TLB decreased 46.1%. Production dropped 100% from 2022-2023. Case model 580 EV has been discontinued. Production started in 2020. PSR
Carol Turner is Senior Analyst, Global Operations, for Power Systems Research
-
Companies Support Government Fleet Renewal Program
Fabio Ferraresi Gerdau, Vamos and Volkswagen Caminhões have formed a partnership to support the national fleet renewal program, aimed at removing from roads vehicles more than 20 years old.
The fleet renewal program provides for the purchase of low emission and more efficient vehicles by self-employed drivers and other operations. Under the plan, 140 acquired vehicles were sent to Gerdau’s headquarters in Araçariguama, which is responsible for their destruction and recycling.
At the same time, an extension…
-
Brazil Motorcycle Production To Reach 1.5 Million in 2023
In the first seven months of 2023, manufacturers affiliated with Abraciclo assembled 887,000 motorcycles, up 14.3% over the same period in 2022. Registrations totaled 903,200, up 21.4%, including imports and sales from automakers not yet linked to the association, such as India's Bajaj and Royal Enfield, which began production in Brazil at the end of last year. The entity's expectations for 2023 are for expansion of 10.4% (1.56 million units) in production and 10.9% (1.51 million motorcycles) in…
-
BEV Demand Boosts Brazil Mining Investment
The increase in global demand for clean energy is accelerating investments in the exploration of reserves of so-called critical or strategic minerals in Brazil. Over the next five years in Brazil, companies are expected to invest approximately US$ 8 billion in key strategic minerals. In copper the expectation is that the resources will reach US$ 4.47 billion, while nickel is in second place, with investments of US$ 2.3 Billion forecast.
Source: Valor Read The Article
PSR Analysis: A significant…
-
Maruti Suzuki Plans India Market Expansion
INDIA REPORT
Aditya Kondejkar Under Maruti’s 3.0 Strategy, the company proposes to expand annual capacity by 2 million units within nine years, and it plans to feature 28 distinct models by 2031. The automaker aims to reach an annual production volume of more than 4 million vehicles by 2031. Of this total, approximately 15% (about 600,000 units) will be electric vehicles (EVs), and about 1 million will be hybrid units.
This represents a substantial 75% surge from the current production capacity of 2.25 million units.
Foreseeing a threefold increase in export volume to 750,000 units by FY31, Maruti intends to allocate 3.2 million units for the domestic market. The company envisions hybrids and EVs comprising approximately 40% of this portion, translating to over 1.2 million units.
-
XCMG Group, Toyota Sign Cooperation Pact
CHINA REPORT
Jack Hao XCMG Group and Toyota have signed a strategic cooperation agreement in the field of hydrogen energy. The companies will build a complete hydrogen energy machine and core component industry base centered around Xuzhou, which will drive development of the hydrogen energy industry in Xuzhou.
XCMG Group expects this contract to aid both parties to collaborate and innovate in cutting-edge technology research and development applications such as hydrogen vehicles, fuel cells, and core…
-
Foxconn To Invest $246 Million in Vietnam Plant
SOUTHEAST ASIA: VIETNAM REPORT
Foxconn, Taiwan’s leading electronics contract manufacturer, has received regulatory approval for its plan to invest $246 million in two new projects in Quang Ninh Province in northern Vietnam. The projects, to be carried out by a subsidiary of Foxconn Singapore, will focus on the manufacturing and assembly of telecommunications equipment and electric vehicle components.
This will bring Foxconn’s total investment in Vietnam to approximately $3 billion. Of the new investment, $200 million will be invested in a factory to produce EV chargers and components, which is expected to begin production in January 2025 and employ an estimated 1,200 workers.
-
PSR Participates in SAE Brazil Mobility Forum
For the fifth consecutive year, Power Systems Research (PSR) will participate in the 20th SAE Mobility Forum in Curitiba-PR. This year’s event will be held Sept. 12and 13 at FIEP (Paraná State Industries Federation) auditorium.
This Forum brings together the most important companies in the Medium Heavy Vehicles and Off Highway Vehicles in Brazil. Originally, the event was called “Diesel Forum,” but with the new technologies of propulsion in the key segments covered by the forum, it changed its name…
DataPoint Reports
TPI
PSR Truck Production Index
Free quarterly global commercial vehicle production report.
Alternative Power Report
The latest EV and power source news including batteries and fuel cells with analysis by PSR experts.
PowerTALK News
Stay informed each month with insights from Power Systems Research’s analysts working around the world as they identify and comment on important news items in the company’s monthly newsletter.
Subscribe View Archive
OE Link™ Offers
Global
Coverage
OE Link™ database provides OEM products, both On-Road and Off-Road, in 12 regions.
Current Reports
Download complimentary reports that show the type of information available from Power Systems Research.
PowerTALK News
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.
Subscribe