The outlook for global truck production in the class 4-8 looks very promising for 2018 as it continues a strong growth pattern established in 2017. Even previously struggling countries such as Russia, Brazil and Turkey saw very positive signs in 2017 and are looking for continued growth this year. North America and Europe also are expected to have a good year in 2018.
ST. PAUL, MN — The Power Systems Research Truck Production Index (PSR-TPI) decreased from 122 to 84, or 31.1%, for the three-month period ended March 31, 2020, from Q4 2019. The year-over-year (Q1 2019 to Q1 2020) loss for the PSR-TPI was, 116 to 84, or 27.6%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.
This data comes from CV Link™, the proprietary database maintained by Power Systems Research.
All Regions: Prior to the spread of the Coronavirus, most regions were experiencing a slowdown in commercial truck demand. Depending on the duration of the virus, several countries are expected to slip into recession or a significant economic slowdown as a result.
Global Index: The possibility of a global recession now exists but it is uncertain how severe this may be. Some regions will fair better than others.
North America: The introduction of the Coronavirus along with an overcapacity of heavy trucks will lead to significantly lower demand in 2020. Prior to the Coronavirus outbreak, concerns about the Chinese tariffs and an overall slowdown in global economic growth were causing some headwinds for truck demand. PSR
Jim Downey is Vice President – Global Data Products at Power Systems Research
Chris Fisher is the Senior Commercial Vehicle Analyst at Power Systems Research
St. Paul, MN (October 24, 2022)— The Power Systems Research Truck Production Index (PSR-TPI) dropped from 110 to 101, or 8.2%, for the three-month period ended September 30, 2022, from Q2 2022. The year-over-year (Q3 2021 to Q3 2022) loss for the PSR-TPI was, 117 to 101, or 13.7%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.
This data comes from OE Link™, the proprietary database maintained by Power Systems Research.
All Regions. Medium and heavy commercial vehicle production will be mixed this year due to a variety of issues. In China, truck overcapacity continues to hinder demand while the Russian-Ukraine war is significantly impacting demand and production in Eastern Europe. The global supply chain will remain a problem through at least the end of this year for all regions. There is serious concern about a major slowdown in the North American and European economies as a direct result of higher fuel and energy prices and overall inflation which doesn’t appear to be going away anytime soon.
Global Index. Global medium and heavy vehicle production is expected to decline by 13% this year primarily due to a significant drop in heavy truck demand in China. A slowing global economy along with continued supply chain disruptions will continue to place pressure on demand moving forward.
St. Paul, MN (Janaury 23, 2023)— The Power Systems Research Truck Production Index (PSR-TPI) increased from 101 to 105, or 3.7%, for the three-month period ended Dec. 31, 2022, from Q3 2022. The year-over-year (Q4 2021 through Q4 2022) loss for the PSR-TPI was, 122 to 105, or -13.2%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.
This data comes from OE Link™, the proprietary database maintained by Power Systems Research.
St. Paul, MN (April 15, 2024)— The Power Systems Research Truck Production Index (PSR-TPI) decreased from 116 to 111, or 4.5%, for the three-month period ending March 31, 2024, from Q4 2023. The year-over-year (Q1 2023 – Q1 2024) PSR-TPI was flat at 111. There was no change.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.
This data comes from OE Link™, the proprietary database maintained by Power Systems Research.
All Regions. In 2024, Medium and heavy commercial vehicle production in Europe, South Asia and North America is expected to decline modestly while production in China, South America, Japan, and Korea is expected to improve over last year.
Global Index. Globally, medium, and heavy commercial vehicle production is expected to decline by 1.5% this year over 2023. Moving into 2024, much of the focus on demand will be centered around slowing global economic conditions that will impact overall freight demand. PSR
Jim Downey is vice president – global data products at Power Systems Research and Chris Fisher is the senior commercial vehicle analyst at Power Systems Research
Power Systems Research is one of the leading sources of gen-set population data in Brazil.
From continuous research of import, export, production and sales of Power Gen Sets in Brazil, studies performed since 2015 PSR could gather valuable information about Power Gen Sets in Brazil that give customers unique knowledge of the Market for spare parts Market planning and commercial strategy.
Contact us and increase your sales. PSR
Fabio Ferraresi is Director of Business Development-South America for Power Systems Research
Olivia Funk, a senior at Eastview High School, Eagan, Minnesota, is the recipient of the 2019 Power Systems Research $2,500 academic scholarship.
Samuel Libaire, a senior at Eagan High School, Eagan, Minnesota, has received the 2020 Power Systems Research $2,500 academic scholarship.
He will use the scholarship to study Computer Science at Vanderbilt University.
“My favorite subject is computer science,” says Samuel. “It is one of the only subjects that can have multiple solutions to a single problem while also proving instantly that some don’t work. In many sciences, theories are never 100% true, but in computer science, a program either works perfectly or it simply doesn’t.”
St. Paul, MN (April 13, 2021)— The Power Systems Research Truck Production Index (PSR-TPI) dropped 42.5% for the three-month period ended March 31, 2021, declining from 186 to 107, from the fourth quarter of 2020. The year-over-year (Q1 2020 to Q1 2021) improvement for the PSR-TPI was 15%, in which it climbed from 93 to 107.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.
This data comes from OE Link™, the proprietary database maintained by Power Systems Research.
Global Index. While the decline in commercial vehicle demand in China will lower global vehicle demand this year, improved demand is expected in all other regions.
All Regions. Except for China, demand for medium and heavy commercial vehicles has bottomed out and is expected to increase this year and into 2022 as the various economies improve and Coronavirus vaccinations increase. The market will also experience periodic supply chain disruptions primarily due to the impact from the Coronavirus.
Thuy Trinh Nguyen, a senior at Eagan High School, Eagan, Minnesota, is the recipient of the 2021 Power Systems Research $2,000 academic scholarship. This scholarship is awarded to a student who will be attending a four-year college with a career objective in Science, Technology, Engineering or Mathematics.
She will use the scholarship to study biology and sociology (Pre-Med) at Harvard College.
“My favorite subject,” says Thuy, “is AP Physics–it not only taught me how to calculate my initial velocity, but also helps me recognize the fundamentals of life. Everything is organized with a plan.”
Thuy’s favorite pastime is shopping for the best deals at the Mall of America, and never being tired of shopping. (“Sorry, Dad!”) She also enjoys watching One Direction music videos and crocheting.
Her favorite high school memory: “After the Chemistry finals for Trimester 2, Mr. Elliott somehow allowed me to make ramen in his class. It certainly made up for the headache I got from balancing chemical equations.”
This year, 112 students will receive scholarships totaling $129,950 through the program.
Power Systems Research has been supporting high school science and engineering programs for many years. It has been donating to the Eagan Foundation Scholarship program since 2013.
Another program PSR funds is the Experimental Vehicle Team at St. Thomas Academy in suburban St. Paul, Minnesota. The school successfully competes in international competitions with high schools and universities to build the most energy efficient vehicles. PSR
Monthly news and analysis from PSR’s experts
World Headquarters
St. Paul, MN USA
Detroit Regional Sales
Ann Arbor, MI USA
Campinas, Brazil
