Yosyf Sheremeta, PhD, Director of Product Management and Customer Experience, analyzes the Global economic outlook by region and industry segment.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:06 Joe Delmont
From Power Systems Research I’m Joe Delmont, an editor of PSR PowerTALK.
Today we’ll talk with Yosyf Sheremeta about his global economic outlook. Yosyf is Director of Product Management and Customer Experience for Power Systems Research.
Sales on new passenger cars and LCVs in September 2021 declined 22.6%, according to the Association of European Businesses (AEB). In total, automotive salons and dealers have sold 119,4 000 cars, which is 34,9 vehicles less than in 2020 September.
According to AEB head Tomas Schterzel, “negative trend is going on” (in August the sales dropped 17%), although the totals for the first nine months of 2021 are showing 15.1% growth versus the same period in 2020. The shortage of vehicles on the market is connected to decreased production and the deficit of semiconductors. The energy crisis in China and UK, growing prices of raw materials and other problems will support negative trend in the market during the near term.
PSR Analysis: The problem here is not only in components deficit, but primarily in the car prices going up and the consumer’s incomes going down. So, the negative trend will develop further. PSR
Maxim Sakov is Market Consultant – Russia Operations, for Power Systems Research
During the last week of 2021 and the first week of 2022, grain crops faced unfavorable weather conditions. At Mato Grosso and Paraná Regions the lack of rain has been the big problem, while in states like Tocantins and Bahia the problem is an excess of rain, influenced by the climatic phenomenon called La Niña. In some states , such as Paraná, the harvest forecasts are 40% lower than the initial forecast and the losses are estimated at US$ 5 Billion in Paraná.
PSR Analysis: The loss in Agribusiness affects farm cash flow directly and farmer’s ability to invest in Ag Equipment. Moreover, the mood of farmers could be negatively impacted in a year with new waves of COVID 19 and with political instability due to elections. Ag equipment forecasting in 2022 may be challenging and sales results may surprise OEMs, many who expect double digit growth. PSR
Fabio Ferraresi is Director, Business Development South America, for Power Systems Research
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%.
March 10, 2022–The volume of working auto production facilities in Russia has dropped by 45% since the invasion of Ukraine. On March 3, work continued in Russia on 55% of the facilities for assembling LCVs and passenger cars, comparing to 2021. Last year, domestic operations produced 83% of sales in Russia.
Work continues at AutoVAZ (in Tolyatti and Izhevsk), Stellantis and Mitsubishi alliance (PSMA Rus plant), Autotor (Kia and Hyundai assembly), Nissan, Haval, GAZ, UAZ, Mazda Sollers and Isuzu. The total number of vehicles produced by these enterprises has reached 766,000, which is 55% of the sales produced by the Russian automotive industry last year. The total annual production capacity of Russian automotive industry is about 2.7 million vehicles.
After implementation of Western sanctions and the volatility of currency exchange, automakers started raising prices and stopped production and shipping cars. Companies such as Volkswagen, BMW, Renault, Mercedes, Hyundai, Toyota, Sollers Ford have announced the temporary closing of factories. Closed import to Russia Audi, Porshe, GM, Jaguar Land Rover, Lexus, Volvo, Honda, Mazda and others.
Following two years with the show canceled because of COVID-19, the 2022 edition of the biggest agricultural segment trade show reached US$ 5.5 Billion (R$ 11.2 Billion) in equipment sales, including Agricultural Machines, irrigation equipment and storage equipment. A total of 193,000 people visited the show, including our team of PSR representatives in South America. This year’s sales are 287% over the R$ 3.9 Billion sales posted in 2019.
Source: Info Money Read The ArticlePSR Analysis: The result indicates the continuous growth of the Agricultural Equipment Market and the overall Agricultural Business in Brazil. A record harvest is expected in 2022 with 6.4% increase forecasted over 2021. The forecast for next 10 years is more crops with higher productivity–that means more technology with new machines. PSR
Fabio Ferraresi is Director-Business Development, South America, for Power Systems Research
Agri Week 2022 is a comprehensive exhibition on agriculture, livestock, and horticulture. It is held twice a year in Kyushu and Kanto. Agricultural materials, smart agriculture products, livestock materials, and products related to industrialization are exhibited. Agriculture Week consists of the following four exhibitions: AGRI TECH (Material & Technology), AGRI NEXT (Next Generation), AGRI PROCESS (Farmer‘s Processing), LIVESTOCK (Livestock Supply & Equipment)
PSR Analysis: The drone market is seeing an increase in the number of new entrants. Currently, the market size is estimated to be around 300 billion yen, but some say it will grow to nearly 800 billion yen in five years. This is because the revision of the Civil Aeronautics Law to be implemented this December will lift the ban on Level 4 unassisted visual flights in manned areas. Until now this has been limited to Level 3 unmanned areas. Currently, the use of drones is mainly for spraying chemicals, but it is also being considered for logistics, inspections, civil engineering, and construction.
This year’s festive season fired up vehicle registrations but failed to match 2019 sales numbers. Vehicle sales, which peak during the festive season in India, account for about 40% of annual volume. Sales in the just-concluded season this year were better than in the past two COVID years but were far below the sales level of 2019.
“Auto Retail for October 2022 saw an overall growth of 48%,” said Manish Raj Singhania, president of FADA. With most of the month under the festive period, the sentiments were extremely positive across all categories of dealership outlets.”
Read the expanded December 20222 Alternative Power Report produced by PSR’s Guy Youngs and other analysts at Power Systems Research. This month’s report includes articles on increased battery production in the US., Tesla’s plans for a recycling plant in Texas, increased merger activity in the EV Light/Medium commercial vehicle segment and new power sources being developed for cargo ships.
In the August 2022 issue of PowerTALK, we reported that Tesla had deployed cube lounges at Supercharger stations with automated coffee, food, and even a swimming pool. Well, the Subway sandwich folks want to get in on the act, too.
Subway is teaming up with Miami-based GenZ EV Solutions to provide an “EV charging oasis” of the future so you can eat while your EV charges. Starting in 2023, “Subway EV charging oasis” parks with multiple spots, picnic tables, Wi-Fi, restrooms, green space, and playgrounds will be installed at select locations. As part of the plan, new or freshly remodeled stores will get small-format, fast EV charging stations.
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