SUMMARY: Gen-set sales in North America continued to grow in Q4 2018, with dealers reporting an overall unit sales increase of 6.7% over Q3 2018, largely due to a continued strong demand level for standby units by private consumers.
The growing popularity of powersports is expected to provide many new opportunities ln this rapidly growing market. Some of the trends fueling this long-term growth potential are:
Growing/changing market for utility-terrain vehicles (UTVs).
ST. PAUL, MN — The Power Systems Research Truck Production Index (PSR-TPI) increased from 115 to 118, or 2.6%, for the three-month period ended Dec. 31, 2018, from Q3 2018. The year-over-year (Q4 2017 to Q4 2018) gain for the PSR-TPI was 3.5%, climbing 4 points from 114 to 118.
The Power Systems Research Truck Production Index (PSR-TPI) decreased from 114 to 107, or 6.1%, for the three-month period ended March 31, 2018, from Q4 2017. The year-over-year (Q1 2017 to Q1 2018) loss for the PSR-TPI was one point (108 to 107), or .93%.
The Colombian auto market has retained its growth curve in October by posting sales of 20,900 units, up 13.3% compared to September, a month which also grew 39% above August. Data source: Andemos
The Andemos said this recovery is due to the increase of procurement for “safe transportation” as well as reopening of the economy and ending of personal isolation.
According to Andemos, if no new measures requiring isolation are taken, then the reduction compared to 2019 will be around 30%
Source: Autodata Read The Article
PSR Analysis: As we stated in our Q3 2020 update forecast, Colombia is one of the countries most severely affected by COVID-19. It is very good to know that Colombia is restarting its growth cycle. PSR
Fabio Ferraresi is Director-Business Development-South America, for Power Systems Research
SUMMARY. After the GDP declined 3.5% last year, the worst performance in almost 75 years, the US economy is set for a strong comeback. There are many reasons to be optimistic about the economy for the next few years, including strong readings of macro-economic factors combined with the economic cycle reset backed by government initiatives and policies.
Our positive outlook is based on the reviews of key economic indicators, including GDP, unemployment, and inflation.
During H1 2021, we witnessed a strong level of activities and a rebound for many industries. As local governments eased lockdown restrictions, service-oriented industries gained traction and that translated to an overall increase of economic activities across many industries.
We expect this level of rebound to continue and we now expect even stronger overall growth for 2021. The US economy is on track to reach or even surpass the growth level of 1984 – the highest one since 1950s. In the near term, consumer spending will help drive demand and support the strong growth trend.
Read the complete report in April PowerTALK™ News.
(April 1, 2021)–After the GDP declined 3.5% last year, the worst performance in almost 75 years, the US economy is set for a strong comeback. In fact, we could see GDP growth exceeding 6% this year.
There are many reasons to be optimistic about 2021. Strong readings of macro-economic factors combined with the economic cycle reset backed by the government initiatives and policies support our estimates for the current year and beyond.
Our positive outlook is based on the reviews of the key economic indicators, including GDP, unemployment, and inflation. In our previous forecasts, we discussed recovery trends for the post-pandemic period, stating a return of demand for most markets in 2021, especially during H2 2021.
Based on our analysis of the expected growth trend and the economic reviews in major publications, we think US growth can surpass the growth level from 1984 – the highest one since 1950s.
SUMMARY. Many factors are pointing to modest growth in Q3 2023. This should lead to total production globally growing at +2.4% in 2023 vs 2022 (it was 2.6% in Q2 2023), and the outlook for the next few years remains positive with growth accelerating from 2025. Apart from Russia and Ukraine, the main countries to show a decline are South Korea, Slovakia, Netherlands. However, the segment picture shows some differences.
Several drivers are influencing the global economic picture.
The Power Systems Research Truck Production Index (PSR-TPI) decreased from 114 to 107, or 6.1%, for the three-month period ended March 31, 2018, from Q4 2017. The year-over-year (Q1 2017 to Q1 2018) loss for the PSR-TPI was one point (108 to 107), or .93%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan &
Here are several other Top Stories in this issue:
Product Descriptions by Segment and Application Power Systems Research tracks some 250 products in 13 major industrial segments. This Guide defines each product that PSR lists in its proprietary databases. Segment: Agriculture Application: 2-Wheel Tractors 2-Wheel Tractors Application: Ag Tractors 2-Wheel Drive Tractors 4WD Articulated Ag Tractors MFWD Tractors (Mechanical Front Wheel Drive) Tracked Ag
Monthly news and analysis from PSR’s experts
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