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Honda To Discontinue Two-Wheeled Gasoline Vehicles
FAR EAST: JAPAN REPORT
On Sept. 13, 2022, Honda announced it will eliminate gasoline-powered motorcycles by the mid-2040s. All new vehicles will be EV motorcycles; 3.5 million, or 15% of global sales, are to be EV motorcycles by 2030. Honda has already declared that all its four-wheeled vehicles will be EVs by 2040, but this is the first time the company has laid out a concrete strategy for decarbonization on two wheels.
From now on, Honda will pursue electrification exclusively with EVs. First, it will launch at least 10 EV motorcycle models by 2025. Since investment in new vehicle development and production facilities will be a heavy burden, Honda will use a common platform for batteries, motors, and other components for three large motorcycle models to be launched in Japan, the United States, and Europe between 2024 and 2025.
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Drought Forces Power Cuts at Sichuan Factories
CHINA REPORT
Qin Fen Sichuan’s worst drought in more than a half century spurred the Chinese province to extend industrial power cuts and activate its highest emergency response, adding to manufacturers’ woes as they shut down factories in the region.
Source: Bloomberg Read The Article
Xinhua News Agency Read The Article
Shanghai Daily Read The Article
China.org.cn Read The Article
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Special Report: M&T Expo
BRAZIL/SOUTH AMERICA REPORT
Carlos Briganti TheM&T Expo 2022 is one of the most important trade fairs in the construction and mining equipment industry throughout Latin America and this year the show featured more than 600 exhibiting brands in 54,000 square meters. Held in Sao Paulo Aug. 30-Sept. 2, 2022, the event had more than 30,000 visits in four days.
Disagreements between show organizers and exhibitors caused key players in the market to avoid the show. The list of missing exhibitors included Caterpillar, John Deere, Komatsu, JCB, CNH, and Volvo. Chinese companies, as well as Liebherr, took this opportunity to use large spaces at the event, both in area and in product portfolio with respective sales and engineering teams.
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Report from Cannes Yachting Festival 2022
EUROPE REPORT
Natasa Mulahalilovic The Cannes Yachting Festival is one of the largest in-water shows in the world, and this year it celebrated its 45th birthday. Founded in 1977, the show normally takes place every September. However, it missed out in 2020 because of Covid-19 restrictions, but it was back in 2021, posting the best performance results ever.
This year, the show was held Sept 6-11, and featured a fleet of about 700 boats, ranging in length from 3 to 50 meters. It included motor and sailing vessels, monohulls and multihulls, inboards, sterndrives and outboards, diesel, petrol, waterjet, hybrid and electric, tenders, RIBs and others displayed in the two main city ports of Le Vieux Port and Port Pierre Canto. This year, more than 56,000 visitors attended the show.
The new Polish Sunreef 80 Eco was the star of the festival. The all-electric, fully autonomous luxury catamaran of 23.87 m in length, 164 m2 covered with solar panels, is a unique boat in the industry. This luxury catamaran is equipped with ultra-light batteries with a density of 5.2 kg/kWh. The innovative system is entirely created and produced by the company itself offering the best efficiency in the marine world.
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DATAPOINT: NA Crawlers, 2022 Production: 4,100 Units
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.
A Crawler Excavator is a self-propelled crawler mounted on heavy equipment that is designed to dig or move large objects. The main function of a Crawler Excavator is to dig holes or trenches for construction related activities.
4,100 units is the estimate by Power Systems Research of the number of Crawlers to be produced in North America (United States and Mexico) in 2022.
This 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.
Exports: Collectively, up to 30% worldwide
Market Share: With combined plant totals of 52%, Cat leads in production of Crawlers in North America. In second place is Deere with 30.5%, and third is Case, with 11%.
Trends: In 2021, production of Crawlers in North America (US) decreased 4.8%. However, production is expected to gain near 3% in 2022, compared to 2021. The carryover decline into 2021 was mostly due to COVID-19 related factors such as plant shutdowns, parts availability and lack of workforce.
The market significantly dropped during the Spring of 2021, caused by low oil prices and a lull in mining and construction projects.
A few years ago, construction spending in the United States was above normal yearly levels, according to a new analysis of federal data released by the Associated General Contractors of America. Construction and mining activities increased resulting in a substantial gain for 2018.
Recent decreases in production are attributed to several trends: public sector construction activity continues to decline while private sector demand for new construction continues to strengthen.
Even though sales dropped considerably in 2020 and 2021, production is expected to gain up to 15% by 2025, primarily influenced by the outlook for construction, driven by infrastructure spending, and mining related activities. PSR
Carol Turner Is Senior Analyst, Global Operations, at Power Systems Research
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Outdoor Power Equipment To Grow 5.3%
Michael Aistrup Power Systems Research (PSR) projects the global outdoor power equipment market to grow from $34.01 billion in 2021 to $48.91 billion by 2028, a CAGR of 5.34% over the forecast period. The outdoor power equipment market includes consumer and commercial lawn mowers, chain saws, leaf blowers, and other motorized equipment used in the upkeep of lawn and gardens.
Global trends.North America is expected to dominate the market because of the growth of commercial and residential lawns and parks. The market in North America stood at $13.7 billion in 2021 and is expected to gain a huge portion of the global market share.
In Europe, continued automation in the lawn mower segment will increase demand for automated residential lawn mowers.
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Navistar Introduces S13 Engine Platform
Chris Fisher Navistar says it plans to introduce the Navistar 12.7 liter S13 engine platform in the fourth quarter of 2023. The S13 engine is based upon the Scania DC13 engine and will supersede the current 12.4 liter A26 engine platform starting next year. The initial engine installations will be standard on the LT and RH truck platforms and will be introduced to the HV and HX platforms in 2024. The order books are expected to open in October.
The S13 engine will be paired with the…
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PowerTALK™, September 2022
Download PDFSouth Korea is looking at its first trade deficit with China in 28 years, according to a report in the September issue of PowerTALK News, the monthly report of news and analysis from Power Systems Research. Also in this issue is a report from Guy Youngs on Alternative Power sources, as well as reports from two important industry shows: The Cannes Yachting Festival in France and the M&T Expo in Sao Paulo, Brazil.
IN THIS ISSUE
- Alternative Power
- Electric Battery Power Forecasts
- Can EV Enthusiasm Trigger Global Growth?
- Lithium Spot Prices Climb Nearly 900% Since January 2020
- Cummins Jumps On New Energy Storage Iron Salt Formula
- EV Shipping Set To Blow IC Engines Out of the Water
- North America:
- Navistar Introduces S13 Engine Platform
- Outdoor Power Equipment Forecast To Grow 5.3%
- DataPoint: NA Crawlers
- Europe: Report from Cannes Yachting Festival 2022
- Brazil/South America: Special Report: M&T Expo
- China: Drought Forces Sichuan Power Cuts at Factories
- Japan: Vinfast To Export Initial 5,000 EVs To Europe and the U.S.
- Japan: Honda To Discontinue Two-Wheel Gasoline Vehicles
- South Korea: South Korea Sees First Trade Deficit with China in 28 Years
- India: Festive Demand Expected To Boost Auto Industry
- Alternative Power
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DATAPOINT: North America Crawlers
Download PDFOEMs in North America are expected to produce 4,100 crawlers this year, according to forecasts by Power Systems Research global analyst Carol Turner. PSR
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Alternative Power Report, August 2022
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Guy Youngs
Forecast and Technology Adoption Lead
PSR’s Guy Youngs shares his insight in the first edition of our Alternative Power Report.
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