-
We Expect 2020 NA Overall OEM Production To Be Flat
This article initially appeared in the February 2020 issue of PowerTALK News.
SUMMARY. The North American economy remained stable in 2019 and pure economic conditions as well as fundamentals in the region were favorable. Most industries performed very well, and the short-term outlook remains stable to flat for most market segments. However, we see many new developments that could suggest a shift in the trend.
Yosyf Sheremeta Consumer confidence declined slightly in December, following a moderate increase in November. The Conference Board’s Consumer Confidence Index stood at 126.5 in December, 1.4 points higher than in September 2019.
Per Lynn Franco, Senior Director of Economic Indicators at The Conference Board: “While consumers’ assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects. While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.”
-
Near Term Recession Fears Recede in North America
SUMMARY. The North American economy remained stable in 2019 and pure economic conditions as well as fundamentals in the region were favorable. Most industries performed very well, and the short-term outlook remains stable to flat for most market segments. However, we see many new developments that could suggest a shift in the trend.
Yosyf Sheremeta Consumer confidence declined slightly in December, following a moderate increase in November. The Conference Board’s Consumer Confidence Index stood at 126.5 in December, 1.4 points higher than in September 2019.
Per Lynn Franco, Senior Director of Economic Indicators at The Conference Board: “While consumers’ assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects. While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.”
-
Winter is Coming and Consumers Are Ready
SUMMARY: Gen-set sales in Q3 2019 rose 7% from Q2 2019, due to a continued strong demand for standby power systems. Standby systems in both the residential and commercial sectors drove this growth (the highest QoQ growth of the year so far), with the 10-20kW range increasing sales by nearly 12% and the 21-50kW, 51-100, and 101-300kW ranges growing 5-7%.
-
2019 GIE+Expo Posts Strong Growth. Battery Technology Continues Hot
GIE+EXPO is the annual gathering for all segments of the outdoor power equipment and lawn and landscape industry. The event is sponsored by the Outdoor Power Equipment Institute, the Professional Grounds Management Society and the National Association of Landscape Professionals.
This year, the show drew more than 26,500 people from around the world. The indoor exhibit floor and the Outdoor Demonstration Area covered 24,000 net sq. ft. more than last year.
-
2019 North American Personal Watercraft (PWC) Production
88,200
In 2018, production was 89,509 units, up 3,035 units or 3.5% from 2017.
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 combined plant totals of 53.3%, Yamaha leads in production of PWC in North America. In second position is Bombardier (BRP) with 39.5%; third is Kawasaki with 7%. Canadian-based BRP builds its Sea-Doo branded PWCs in Mexico. Tennessee Watercraft produces the jet drive boats for Yamaha.
Exports: Collectively up to 30% worldwide
Trends: In 2018, production of PWC in NA increased 3.5% over 2017. Year over Year, production is expected to remain flat, with a slight decrease of 1.3%, in 2019. Sales of these recreational vehicles depend on disposable income and leisure time. Industry revenue dropped during the recession and is still low; over the next five years continued disposable income growth will bring revenue back to its prerecession level. Expect the production of Personal Watercraft to gain up to 5% by 2025. PSR
Carol Turner is Senior Analyst, Global Operations, at Power Systems Research
-
Power Systems Research Assists on Gen-Set Emissions Project
WHITE PLAINS, NY – The Pace Energy and Climate Center (Pace) has announced a new data analysis tool and research model in a report titled “Estimating the Air Emissions of Stationary Engine Generators under Two Megawatts,” both developed with support from Environmental Defense Fund.
The project drew upon data provided by Power Systems Research (PSR), a Minneapolis-based research firm, from its proprietary PartsLink database.
-
Welcome to the New Gilded Age of Gen-Sets
This forecast appeared in the September 2019 issue of Diesel Progress magazine.
SUMMARY. The underlying weak conditions in the global economic picture could put pressure on the North American power generation industry for the remainder of 2019 and through most of 2020. We forecast little or no growth for the industry through 2020.
Even though the power generation production market was up slightly (0.9% in 2018-2019), we see it declining about 1% over the next year.
Tyler Wiegert For those of you a few years removed from your high school U.S. History courses, the original Gilded Age was a period covering the 1870s-1890s that was marked by astonishing economic growth. Driven by the expansion of industrialization in the North and West, facilitated by growing railroad networks, real wages grew an enviable 60%.
But Mark Twain dubbed this period the “Gilded Age” rather than the “Golden Age,” because it was also marked by extreme poverty, and he represented it with gilded, decaying apple. The shiny outward appearance of growth was masking a rotten core of massive inequality.
TPI
PSR Truck Production Index
Free quarterly global commercial vehicle production report.
Alternative Power Report
The latest EV and power source news including batteries and fuel cells with analysis by PSR experts.
PowerTALK News
Stay informed each month with insights from Power Systems Research’s analysts working around the world as they identify and comment on important news items in the company’s monthly newsletter.
Subscribe View Archive
OE Link™ Offers
Global Coverage
OE Link™ database provides OEM products, both On-Road and Off-Road, in 12 regions.
Current Reports
Download complimentary reports that show the type of information available from Power Systems Research.
PowerTALK News
Stay informed each month with insights from Power Systems Research analysts working around the world as they identify and comment on important news items in the company’s monthly newsletter.
Subscribe