DATAPOINT. North American Pavers, 2022 Estimated Production: 2,900 Units

News: North America

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
Michael Aistrup
Michael Aistrup

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
Chris Fisher
Chris Fisher

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

2022-03-19

DATAPOINT: North America Dumpers/Tenders, 2022 Production, 1620 Units

1,620 units is the estimate by Power Systems Research of the number of Dumpers/Tenders to be produced in North America 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 62.5% of total units produced, Country Home Products leads in production of Dumpers/Tenders in North America. In second position is Allen Engineering with 19.5%; third, is Indy Equipment with 10.5%.    

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2022-02-20

Doosan Bobcat Aims at NA Market with Fully Electric T7X

SOUTH KOREA REPORT

Doosan Bobcat unveiled the world’s first fully electric construction equipment to the global market through CES 2022, the world’s largest technology exhibition.  

Doosan Bobcat held a media day event at the Mandalay Bay Convention Center in Las Vegas to introduce the T7X, which won two CES 2022 Innovation Awards.  

The T7X is the world’s first fully electric construction equipment that eliminates all hydraulic components. It is comparable in performance to existing internal combustion engine equipment and emits no harmful substances. Noise has been greatly reduced to one-tenth the level, and energy efficiency has been maximized. 

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DATAPOINT: 2022 North America Production Estimate, Harvesters 460 Units

460 units is the estimate by Power Systems Research of the number of agricultural harvesters to be produced in the U.S. 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 48.5% of total units produced, Deere leads in production of Harvesters in the U.S.  In second position is Oxbo International’s combined plant totals of 24%; third, is Flory with 10.5%. 

Exports: Collectively, up to 1% worldwide.

Trends: In 2021, production of Harvesters in NA increased 13%.  Production is expected to gain another 3% in 2022.  The Ag industry has fluctuated in recent years and demand for new products declined a few years ago due to falling commodity prices.  Farmers couldn’t afford new equipment and spent years refurbishing existing units.

Currently, it appears that growers are moving from hand to machine harvesting.  They are increasingly using over-the-row mechanical harvesters to pick produce and like commodities.  Especially during COVID times, this type of machinery reduces the need for manual labor during labor shortages.  The increase in harvester production is also attributed to the desire for new machinery that increases productivity and profitability. 

Expect production to fluctuate over the next 3-5 years with an increase of 5% by 2025.   PSR

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

North American Economy Should Be Strong in 2022 But Grow at Slower Pace

Yosyf Sheremeta
Yosyf Sheremeta

SUMMARY.  2021 was a year of big hopes for economic recovery and pandemic management, and, overall, the economic rebound was strong.  Looking at the state of the economy in general, and the key economic indicators such as GDP, interest rates, employment levels, etc., the North America market finished the year on a very high note. At the same time, development of new pandemic variants as well as ongoing issues with supply chains have led to manufacturing issues.

The second half of 2021 brought steady economic activities and strong economic recovery.  Despite this strong performance, many existing and new challenges were seen.  Problems from pandemic-related supply chain disruptions, logistics backlogs, and semiconductor shortages to new virus variations and labor market issues have contributed to slower growth in Q4 2021 than during the first half of last year. 

Let’s break it down.  The “Great Resignation” means companies must make themselves more attractive to new hires, and it provides those workers who remain more leverage to change corporate cultures from the inside.

With help of government support and targeted fiscal policies, the US economy showed a strong comeback in 2021.  Furthermore, the growth trajectory is well positioned to continue to expand into the next few years, however, at much slower pace, than in 2021. 

At the same time, there are many reasons for us to be optimistic about this trend.  Our positive outlook is based on the reviews of key economic indicators, including GDP, unemployment, and inflation.  In our previous forecasts, we discussed recovery trends for the post-pandemic period, and called for a return of demand for most markets in 2021.   Last year, we witnessed a strong level of activities and an economic  rebound for

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2022-01-22

North American Rollers 2021 Production: 6,245 Units

DATAPOINT

6,245 units is the estimate by Power Systems Research of the number of rollers to be produced in North America (U.S., Canada and Mexico)  during 2021.

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 48.5% of total units produced, U.S. based Wacker Neuson leads in production of Rollers in North America.  In second position is Caterpillar’s combined plant totals of 21%; third, is Volvo Construction with 15.5%. 

Export: Collectively, up to 50% worldwide.

Trends: In 2020, production of Rollers in North America dropped 31.5%, but production is expected to rebound 16% in 2021 over 2020.  The decline in 2020 is solely based on COVID-19 related factors that impacted the global supply chain.  There are material shortages (parts/supplies), shipping issues (moving goods is slow paced), material prices increased and workforce matters (due to company shutdowns or can’t find workers).

With supply chain problems gradually being resolved, the 2021 increase is also attributed to the launching and demand for new, more versatile products, along with the stabilization of the overall economy, mostly regarding the housing/construction markets.  The demand for rental machinery is also on the rise.  

Many new models are boasting increased fuel efficiency that are desirable to operate.  Tandem drum vibratory rollers account for nearly half of all compactors produced and sold each year that range from 5-8 metric tons.  Expect the production of rollers in NA to increase an additional 10% by 2025.   PSR

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