Search Results for: ctt-report-russian-construction-market-cusp-transformation

2023-03-26

Hitachi Construction Machinery Raises Product Prices

JAPAN REPORT
Akihiro Komuro
Akihiro Komuro

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»

2022-01-22

In 2025, China’s Construction Machinery Electric Drive Products May Reach 25%

CHINA REPORT
Jack Hao
Jack Hao

Electrification has become one of the important directions of green development within China’s construction machinery segment. Domestic construction machinery leaders have increased the development of equipment electrification and have launched a variety of electrification products.

Some professional organizations predict that by 2025 the penetration rate of main products may reach 25%. The electrification of construction machinery initially replaces conventional diesel engine drive with electric drive and then the hydraulic device is replaced by an electric device. Concrete mixers, truck cranes, muck trucks, excavators and wheel-loaders are the most easily electrically driven products, especially for small construction machinery.

Source:  CLS     Read The Article

Read More»

2020-11-19

Power Systems Research and JCB Power Systems Offer Construction Equipment Outlook Webinar

Register Now


On Monday, Nov. 30, 2020, at 9:00 am CST, representatives of two leading international firms will present a free one-hour webinar discussing the construction outlook in Europe and North and South America.

During the session, Power Systems Research and JCB Power Systems will present the latest information on the impact of COVID-19 on construction equipment production. JCB will provide details on emissions in developing engine technologies that are coming to market across the globe.

Read More»

2020-06-29

Construction Machinery Sales Could Fall 18%

The market for construction machinery showed good results in Q1 2020, following ruble devaluation and the construction of hospitals. However, it began to decline in April, and the Association of European Business (AEB) expects an 18% decline for 2020 instead of the small growth forecasted earlier.

Maxim Sakov
Maxim Sakov

The most significant sales decline is expected for excavators, loaders and dump trucks. Only crawler tractors can avoid decrease, however, it’s still 32.6% worse than pre-crisis expectation.

Experts note that the largest decline is likely to be in more expensive applications, or where existing fleets have larger reserves. In cases where there are no support measures, the decline could be as much as 50% or more.

However, one positive signal is that there are no plans to reduce road construction projects.

Read More»

2023-04-16

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

2020-08-23

Used Construction Equipment Prices Fall in SE Asia, Demand Slows with COVID-19

The prices of used construction equipment continue to fall, and bidding prices at major auctions are 10% lower than in the same period last year. This is due to a decrease in demand from Southeast Asia due to the COVID-19.

Akihiro Komuro
Akihito Komuro

Demand in Japan is steady due to the torrential rains in Kyushu and other factors, but the price decline in overseas markets has lowered the overall market.

Demand in the Philippines and Thailand also declined. In Southeast Asia, demand for cranes and other infrastructure-related equipment has been high for the past few years, but there have been several construction delays and stoppages caused by COVID-19. The average unit price at the crane truck auction was about 6 million yen, a 20% drop from January to March before COVID-19.

Read More»

2020-12-01

PSR/JCB Power Systems Construction Outlook Webinar

On November 30th, Power Systems Research with JCB Power Systems presented a webinar providing the 2021 outlook for construction equipment production and engine emissions trends in North America, South America and Europe.

The presentation included the latest information on COVID-19 impacts on construction equipment production. JCB Power Systems provided details regarding emissions in developing engine technologies that are coming to market across the globe.

2020-06-15

COVID19 Special Report – Brazil Market Update

Power Systems Research published in the June 13  issue of Automotive Business magazine a high level update on perspectives of MHV and Off-Highway segments. See the article at the link below and translated presentation.

Carlos Briganti
Carlos Briganti

Source: PSR at Automotive Business     Read The Article

PSR Analysis: Although ANFAVEA published a decreased forecast, we believe that the decrease will be lower than the Light Vehicles decrease. Metrics we follow, such as Diesel consumption and the number of Vehicles going through tolls by weight category, show a lower impact in Commercial Vehicles. Other factors: a smaller than expected reduction during the pandemic isolation, agribusiness remaining strong and a lower than expected impact on mining/construction.

Carlos Briganti Is Managing Director, Power Systems Research – SA

2022-12-14

John Deere Plans Construction Equipment Plant

Fabio Ferraresi
Fabio Ferraresi

John Deere has just announced an investment of US$ 35 million (R$ 190 million) in the production facilities for its Construction Division, two manufacturing units located in Indaiatuba, in the interior of São Paulo. The goal is to expand capacity to meet the growing demand for machines and to implement its Smart Connected Factory program, or Industry 4.0, which encompasses technologies to increase efficiency, quality in processes and reduce operating costs.

Source: Investe São Paulo  Read The Article

PSR Analysis: John Deere is reaching production capacity with the huge growth of demand for Construction Equipment in Brazil in recent years. This demand should continue and should keep increasing with the planned Infrastructure Investments and the continued expansion of the Mining business. Moreover, the strategy of localization, making products in Brazil rather than importing, making Brazilian plants a hub for exports, needs continued investment.   PSR

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

2020-10-28

Yanmar To Analyze Data on Agricultural and Construction Equipment

Yanmar Holdings announced it will begin operating Yanmar Synergy Square, a support base for monitoring the operational status of customers’ agricultural and construction equipment, beginning Oct. 19, 2020.

Data will be collected and analyzed via communication from sensors installed on machines and equipment. It will suggest parts replacement and maintenance before they malfunction. It was built at a cost of 2.5 billion yen (23.8 million USD) and will be operated by Yanmar Global CS, a subsidiary of the company.

Read More»