Agrishow 2022 Sells US$ 5 Billion in Ag Equipment

News: Central/South America

2022-05-23

Agrishow 2022 Sells US$ 5 Billion in Ag Equipment

Following two years with the show canceled because of COVID-19, the 2022 edition of the biggest agricultural segment trade show reached US$ 5.5 Billion (R$ 11.2 Billion) in equipment sales, including Agricultural Machines, irrigation equipment and storage equipment. A total of 193,000 people visited the show, including our team of PSR representatives in South America. This year’s sales are 287% over the R$ 3.9 Billion sales posted in 2019.

Source: Info Money    Read The ArticlePSR Analysis: The result indicates the continuous growth of the Agricultural Equipment Market and the overall Agricultural Business in Brazil. A record harvest is expected in 2022 with 6.4% increase forecasted over 2021. The forecast for next 10 years is more crops with higher productivity–that means more technology with new machines.  PSR

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

2022-03-20

Electric VW E-Delivery Has New Chargers and Reach Into Colombia

BRAZIL REPORT
Fabio Ferraresi
Fabio Ferraresi

VWCO will increase the offer of homologated chargers and now it can be charged in more than 10 different wall boxes. In addition to the new chargers, VW is starting the sale effort in Colombia in agreement with Porsche Colombia, with versions of 11 and 14 tons.

Source: Automotive Business    Read The Article

PSR Analysis: Colombia is a market with high acceptance for EV and alternative propulsion and sales of this vehicle should grow fast. Total cost of ownership is still an issue for this product in Brazil, but many companies are investing in these products to associate the green and environmental appeal to its brands.   PSR

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

São Paulo Starts Construction of BRT Aiming Electric Buses

BRAZIL REPORT

The São Paulo Government has announced the start of a BRT line, going through cities surrounding the São Paulo capital city with plans to be operating in 2023. This line has 17 km of extension and will use 82 Battery Electric Articulated 23 meter buses.

Source: M&T      Read The Article

PSR Analysis: The cities surrounding São Paulo Capital have started deploying the initiatives of the main city, as expected. São Paulo City has a more aggressive plan for using BE Buses  with 800 for 2022 and the average of 1600 per year from 2023 to 2032.  PSR

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

Brazil Cuts Taxes on Production of Several Segments

BRAZIL/SOUTH AMERICA REPORT

Taxes on Industrialized Products (IPI) will be reduced by 25% for most of industrialized goods, in a Governmental effort to boost Industry production. The total impact in federal revenue will be US$ 5 billion in 2022.

Source: M&T     Read The Article

PSR Analysis: This should affect positively sales and profitability in all engine powered segments. However, profitability should be more impacted than volume. Construction Equipment should have the higher impact as well as spare parts.   PSR

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

2022-02-20

Scania Tests Euro VI Engine in Brazil

SOUTH AMERICA REPORT

The 13 liters with Scania Twin SCR aftertreatment developed in Sweden is tested in Brazil for the new Proconve P8 products, already in place for new models and mandatory for all models by January 2023. The homologation process at IBAMA is already advanced but may show adaption needs to Brazilian environment. This engine is part of a completely new powertrain and brakes system with higher efficiency and lower emission. The power range vary from 420 to 560 hp and it is prepared for HVO use.

Source: Automotive Business     Read The Article

PSR Analysis: The use of edge technology at Scania Trucks in Brazil is in line with the amount of exports Scania makes to Europe and to lower emission regions. The higher efficiency will bring increased sales to South America as fleet owners seek lower fuel consumption. PSR

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

Embraer/Eve Formalizes Flying Car Register

SOUTH AMERICA REPORT

Eve Urban Air Mobility, the branch of aircraft giant Embraer, says it has started the process to register its eVTOL, Electric Vertical Take Off and Landing, vehicle at ANAC, the Brazilian bureau for aircraft certification and tied to international bureaus. Getting this documentation is the most important step for starting its commercial operation programmed for 2026. With this certification Eve will meet international standards of air navigation and safety.

Source: Automotive Business      Read The Article

PSR Analysis: Although the aircraft business is not exactly at the scope of products we currently cover, this launch will impact the mobility industry and we are monitoring it closely. Eve has already set 17 partnerships and has a booking of 1700 units, more than many EV makers making a lot of noise in the industry and media.   PSR

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

2022-01-22

2021 Trailer Industry Grows 33% at 163,000 Units

The Brazil trailer industry registered 163,000 new license plates in 2021 vs. 122,000 in 2020, growing 33.5%. The result could have been even better since the segment was affected by a lack of components, such as steel, tires, etc. Export sales climbed to 4,600 units vs. 2,100 units in 2021.

Source: M&T / Anfir     Read The Article

PSR Analysis: The growth is in line with truck sales that confirm the health of the transportation industry. The growth of exports confirms the recovery of key markets of Trailers and MHV.

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

Brazil Off-Highway, Industrial Segments Expect 4% Growth in 2022

SOUTH AMERICA REPORT

According to Abimaq, the total machine segment, that includes Construction Equipment, Agricultural Equipment, Power Gen-Sets, Industrial Equipment and others, grew 20% in 2021 and should grow more than 4% in 2022. When breaking down by subsegment, ABIMAQ see the segments impacted by infrastructure growing around 15% and the segments impacted by Agriculture growing pushed by the harvest growth.

Source: M&T / Abimaq     Read The Article

PSR Analysis: The just released projections are in line with the fourth quarter projections we did for 2022. Our Agricultural Equipment forecast is more conservative than that released by ABIMAQ due to risk factors we see impacting this segment. Indeed, we are already seeing negative news at the harvest due to weather conditions as we are reporting in this PowerTALK Edition.  PSR

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

2021-12-19

Cummins Announces Hydrogen and Electrified Portfolio in Brazil

When completing 50 years in Brazil, Cummins announces the arrival of the New Power unit in South America. This includes Electric propulsion, NG Engines, cleaner Diesel Engines, Fuel Cell and mainly Hydrogen.

Source: M&T Magazine     Read The Article

PSR Analysis:  As part of its global strategy, Cummins in South America, leads in the first phase in market niches with NG Engines and follows with other new solutions in the following phases.   PSR

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

VWCO To Invest US$ 400 million in Four Years in Brazil

The amount is expected to be directed mainly to new technologies, such as for the Proconve P8 introduction in 2023, new technologies for Connectivity and development of sales and aftersales areas.

Source: O Estado de São Paulo     Read The Article

PSR Analysis: The investment is higher than the former investments cycles but keeps the same line and makes the company one of the most important players in the Truck and Bus industry in South America. With this announcement, VWCO confirms its belief in the Brazilian Market and indicates its willingness to keep its market share lead. PSR

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