DATAPOINT: North America Crawlers
OEMs in North America are expected to produce 4,100 crawlers this year, according to forecasts by Power Systems Research global analyst Carol Turner. PSR
2022-09-05
2022-08-20
DATAPOINT: NA Tillers, 2022 Production: 245,000 Units
245,000 units is the estimate by Power Systems Research of the number of Tillers 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.
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2022-07-20
DATAPOINT: North America/Global Personal Watercraft. 2022 Production: 90,350 Units
90,350 units is the estimate by Power Systems Research of the number of Personal Watercraft to be produced in North America during 2022. A PWC is a small pleasure craft that uses an inboard jet drive as its primary source of propulsion and is designed to be operated by a person or persons sitting, standing, or kneeling on the PWC rather than inside the pleasure craft. PWC Sit-Downs 3 People is defined as a type of vessel which is specifically designed to haul multiple passengers sitting on the vessel; commonly referred to as jet skis.
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.
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North America Economy Faces Multiple Problems
SUMMARY. The United States economy is facing several serious problems that don’t have simple solutions and are not likely to be solved for several years, reaching out to the presidential elections in 2024.
Take your pick of problems: Inflation. Stock Market. Climate Changes. Interest Rates. Housing Prices. Gasoline Prices. Food Prices. Social Unrest. Political Conflicts. Worker shortages. Supply Chain Shortages. Russia-Ukraine Conflict.
The bottom line here is that consumers, investors, businesses, and governments are uncertain about what the future holds for the next several years, and this uncertainty makes it difficult to build multiple-year action plans, whether it’s for purchases, manufacturing, marketing, or investing.
Uncertainty makes people nervous, and Uncertainty is the name of the game in the U.S. for the foreseeable future.
However, we’re still optimistic about the U.S. economy and we see 2022 production growing by 11.6% but that activity is likely to fall to 2.7% next year and drop again to 1.5% in 2024.
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UTV & ATV Market Dynamics
NORTH AMERICA REPORT
Market Overview. The global UTV/ATV market size was US$ 8.66 billion in 2021, with a compound annual growth rate (CAGR) of 6.13%. PSR forecasts the global market to grow to US$ 11.67 billion by 2026
The North American UTV/ATV market was valued at US$ 6.66 billion in 2021, and it is expected to reach US$ 8.50 billion in 2026, registering a CAGR of about 5.00% during the forecast period (2022 – 2026).
Applications. UTVs/ATVs were originally associated with sports and recreational activities. Application of these vehicles has diversified, and they are now being used in the agricultural sector and for patrolling, hunting, gardening, and other activities.
A recent application is the United States Army. The military has shown interest in acquiring UTVs/ATVs with features such as rapid transportation, the ability to carry nine fully armed soldiers, agility, and a minimum of 55 mph.
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2022-06-25
DATAPOINT. North American Pavers, 2022 Estimated Production: 2,900 Units
NORTH AMERICAN REPORT
2,900 units is the estimate by Power Systems Research of the number of Pavers to be produced in the U.S. and Canada during 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 40% worldwide.
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E-Motorcycles Market Update
NORTH AMERICAN REPORT
The global e-motorcycle market has experienced high growth in the last couple of years, fueled in part by the declining price of Lithium-ion batteries. The battery is one of the most expensive components of an e-motorcycle, and changes in the price of Li-ion batteries affect the entire cost of an e-motorcycle. The cost of Li-ion batteries has been steadily declining, and this trend is likely to continue.
Power Systems Research has forecasted the global CAGR for electric motorcycles, at 11% for the years 2022 – 2027.
Drivers-of-Demand for this forecasted growth are:
- Increased environmental concerns.
- Higher fuel efficiency of e-motorcycles compared to conventional motorcycles.
- Increased demand for sustainable transportation.
- New incentive programs for e-motorcycles driven by government units.
- Advancements in technology such as high-speed handling, smaller/compact size, quicker acceleration, and reduced motor weight.
- Introduction of fast-charging stations.
- COVID-19 virus played a vital role in increasing the demands for the e-motorcycle. Pandemic halted the manufacturing of vehicle components and OEM parts for conventional motorcycles and available e-motorcycles in the market became the first choice among the consumers.
- Expanding dealer and distributor network promoting the e-vehicle and its advantages.
- Consistent research and technological advancements in the automobile industry to provide advanced technologies to e-motorcycles
Two factors hampering the growth of the market are the comparatively higher initial cost for e-motorcycles and the lack of a developed charging infrastructure. PSR
Michael Aistrup is Senior Analyst specializing in Recreational Products at Power Systems Research
Cummins Develops Hydrogen-Powered Engines
NORTH AMERICAN REPORT
Cummins, Inc., is working to develop hydrogen-powered engines, using approaches for Hydrogen combustion engines and hydrogen fuel cells.
Both hydrogen engines and hydrogen fuel cells are better suited for long haul and many regional-haul truck applications than pure battery electric vehicles.
In North America, Cummins plans to introduce hydrogen internal combustion engines across their existing engine platforms starting in 2024.
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2022-05-23
DATAPOINT: 2022 U.S. Production Hydraulic Power: 6,800 Units
6,800 units is the estimate by Power Systems Research of the number of Hydraulic Power Units to be produced in the United States during 2022.
A Hydraulic Power Unit (HPU) usually refers to a self-contained, free-standing engine assembly that is used to drive one piece of equipment. HPUs are powered by internal combustion engines or AC/DC electric motors.
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.
Market Share: Dominating production of HPUs in NA is Stanley Hydraulic with 49% of total units produced. In second position is Great Northern (Brave) with 9.5%. Tradewinds Powers is third with 8%.
Trends: Production of HPUs in the US increased 22% from 2020 to 2021. Production is expected to increase another 6% from in 2022. Hydraulic Power Units (power packs) are used in a variety of applications and industries ranging from marine, construction and military applications.
The overall gain in 2022 is attributed to the increase in construction and marine related activities. This product segment will continue to increase steadily over the next 5 years as warranted by current economic conditions and related demands. Expect an additional 10% increase by 2025. PSR
Carol Turner is Senior Analyst, Global Operations, for Power Systems Research
2022-04-22
DATAPOINT: US Lawn & Garden Tractors, 2022 Production Estimate, 709,700 Units
709,700 units is the estimate by Power Systems Research of the number of Lawn & Garden Tractors to be produced in the United States during 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.
Market Share: With 39% of total units produced, Husqvarna leads in production of Lawn & Garden Tractors in North America. In second position, with combined plant totals, is MTD with 33.5%; third, also with combined plant totals, is Deere & Co. with 23.5%.
Trends: In 2021 production of Lawn & Garden Tractors in North America (US) increased 4.5% over 2020 to 683,250 units. Production in 2022 is expected to reach 709,700 units, a gain of 4.5%, compared to 2021. The forecasted gain is driven by the demand for new fuel-efficient models in the market along with the demand for new equipment.
Production has been slowed somewhat by the temporary lull in production of the Craftsman line, the saturation of new products in the market, and the unfavorable mowing conditions caused by the wet spring.
The latest models offer a variety of features for homebuyers based on yard size. Entry-level lawn riders are suited for 1.5 acres or less and usually have 1-cylider engines. Mid-grade riders have twin cylinder engines with high HP’s that work well in large cutting areas.
Production is expected increase up to 5% by 2025; lifespan of this product has about a 10-year turnover. PSR
Carol Turner, is Senior Analyst, Global Operations, for Power Systems Research
