DATAPOINT: NA ATV 2023 Production
ATV is a short term for All Terrain Vehicle. It commonly has 4 wheels and is designed to be driven off road. It seats one person, or sometimes two, one in front of the other.
Read More»
2023-04-16
2030 PWC Market May Hit $3.01 Billion
Personal watercraft (PWC), often known as a jet ski, is a watercraft that can carry as many as three people. A PWC Sit-Downs is defined as a vessel specifically designed to haul up to three riders in a sitting position, one in front of another. A PWC Stand-Up is a type of PWC designed for one rider standing or kneeling on the watercraft.
The PWC has wide uses, ranging from recreation and racing to many types of utility. PWCs are used to help with rescue missions as they are small, fast, and easy to operate. Local and county law organizations use PWCs to ensure the safety and security of persons engaged in watersports.
Market Size. According to Power Systems Research, the global market size for PWCs is expected to grow at a CAGR of 5.7% between 2022 and 2030. Global revenue for 2030 is forecasted to be $3.01 billion.
Read More»
Achieving Peak Efficiency in Diesel Technology
Many leading construction companies now are looking at ways they can reduce their CO2 footprints. With the advent of market-ready electrified powertrains, gas-fueled internal combustion and even fuel cell electric drives, where does the push for CO2 reductions leave diesel power?
Diesel technology has made real improvements. With cleaner combustion cycles, the introduction of low-carbon fuels and advanced emissions treatment hardware, diesel has never been cleaner. Diesel engines are so clean that the latest on-highway diesel engines that proposed Euro 7 standards have truck manufacturers focusing on reducing brake dust and tire particulates rather than engine emissions.
Source: International Construction: Read The Article
PSR Analysis: Paul Muller, Technical Sales Manager at Perkins, and Steve Nendick, Marketing Communications Director for Global and European Off-Highway at Cummins recently gave their thoughts on engine efficiency improvements with the overall message being these two companies are still pushing for improvements in diesel efficiency as a route to lower carbon emissions. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
Compact Track Loaders Eat into US Skid Steer Market
The past decade has seen compact track loaders (CTLs) eat into the market share held by skid steer loaders in the US, before overtaking sales of their wheeled counterparts completely. In 2012, there were 36,125 skid steer loaders sold in North America, compared to 21,500 sales of compact track loaders. By 2022, that number had jumped to 93,000 compact track loader sales, compared to 30,000 skid steer sales.
Read More»
Global ICE Industry Cliff Is Here
This article includes an important graph showing vehicle production numbers between 2015 and 2026, (projected for 2023–2026) which are based on historic BEV growth data and trends. Hybrids are lumped in with ICE cars and are shown as a preference over full BEVs which is clear in the data.
The chart shows that the overall auto industry has declined from its peak in 2017–due to the pandemic and chip shortage–before it started to recover in 2021. This chart/model is conservative in predicting industry growth at 1.6% y/y going forward and BEV growth at 50% for 2023 (average BEV growth was 57% for the past 7 years)
Read More»
20-Year Changes in Top Construction OEM Hierarchy
A new animated chart shows the dramatic changes in the evolving hierarchy of the biggest construction equipment manufacturers over 20 years. The chart draws on data from International Construction’s Yellow Table, which tracks the top 50 construction OEMs across the world. The data stretches back to 2003, and up until the latest version in 2022.
Source: International Construction: Read The Article
PSR Analysis: This animated chart is especially interesting in that it allows you to track the growth of up to half a dozen big Chinese OEMs who have grown among the top companies. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
2023-04-10
DATAPOINT: NA ATVs, 2023 Production
ATV is a short term for All Terrain Vehicle. It commonly has 4 wheels and is designed to be driven off road. It seats one person, or sometimes two, one in front of the other.
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 28% of total units produced, Polaris leads in the production of 4-wheeled ATVs in North America. In second position and third position are Honda and Yamaha Motor with 22% and 18.5%, respectively. PSR
Carol Turner is Senior Analyst-Global Operations, at Power Systems Research
2023-03-26
Hyundai Agrees To Purchase GM India Talegaon Plant
INDIA REPORT
The agreement covers the acquisition of land and buildings and certain machinery and manufacturing equipment at the General Motors India, Talegaon plant. The proposed acquisition is subject to the signing of a definitive asset purchase agreement, other certain conditions and receipt of approvals from government authorities and stakeholders.
Source: Economic Times Read The Article
PSR Analysis. Hyundai is expected to expand its annual production capacity in India to some 900,000 units–760,000 units in its two existing plants and 130,000 units in the GM plant. Combined with production volume of its smaller Kia’s two plants in India, the total production capacity of Hyundai Motor Group could surpass 1 million units per year.
Read More»
Hitachi Construction Machinery Raises Product Prices
JAPAN REPORT
Komatsu will continue to raise prices substantially in the fiscal year ending March 31, 2024. This will be at the same level as the current fiscal year. The impact of price increases on consolidated operating income is estimated to be in the range of 100 billion yen.
This is approximately 20% of operating income for this fiscal year. Although the impact of high raw material prices will lessen in the next fiscal year, there are concerns about an economic slowdown. While the benefits of the yen’s depreciation will diminish, they will build a profitable structure to further increase the operating profit margin from less than 13% in the current fiscal year.
Read More»
Komatsu To Cut China Production Capacity by 40%
CHINA REPORT
Komatsu says it plans to restructure its business in China this year, cutting its annual production capacity of construction machinery equipment in China by nearly 40% to 10,000 units.
At the same time, due to sluggish market demand, it will merge its equipment production subsidiary and its parts subsidiary in Jining City, Shandong Province. The production subsidiary and casting subsidiary based in Changzhou City, Jiangsu Province, also will be merged.
Komatsu’s production subsidiaries in the two provinces previously terminated their joint venture relationship. Even if the annual production capacity is reduced to 10,000 units, it is expected that local production capacity will enable Komatsu to increase exports to Southeast Asia and other regions.
Read More»
