Global

  • UTV & ATV Market Dynamics  

    NORTH AMERICA REPORT
    Michael Aistrup
    Michael Aistrup

    Market Overview. The global UTV/ATV market size was US$ 8.66 billion in 2021, with a compound annual growth rate (CAGR) of 6.13%. PSR forecasts the global market to grow to US$ 11.67 billion by 2026

    The North American UTV/ATV market was valued at US$ 6.66 billion in 2021, and it is expected to reach US$ 8.50 billion in 2026, registering a CAGR of about 5.00% during the forecast period (2022 – 2026).

    Applications. UTVs/ATVs were originally associated with sports and recreational activities. Application of these vehicles has diversified, and they are now being used in the agricultural sector and for patrolling, hunting, gardening, and other activities.

    A recent application is the United States Army. The military has shown interest in acquiring UTVs/ATVs with features such as rapid transportation, the ability to carry nine fully armed soldiers, agility, and a minimum of 55 mph. 

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  • Sustainability, Reliability Keys for Future e-Mobility Solutions

    PSR-PowerTALK_July_2022-F2Download
    Emiliano Marzoli
    Emiliano Marzoli

    STUTTGART, Germany— One critical trend emerged during my conversations with many industry players at the Battery Show Europe and the Electric & Hybrid Vehicle Technology Expo Europe here last month: Battery thermal management is an important element in EV development and operations. 

    I attended the Battery Show Europe here June 27-30 with Dalibor Sablic, PSR senior business development manager-Europe.

    An estimated 6,000 attendees walked the floor to discuss products and services with nearly 600 exhibitors at the show. There was a positive energy and outlook for the future of the e-mobility industry, a refreshing change in atmosphere following many quiet months caused by the COVID pandemic. 

    During the show, I had an opportunity to meet with representatives of Dow and learn about the wide array of products and services the company is developing for the e-mobility segment.  

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  • Komatsu Provides Hybrid CE To Southeast Asia

    INDONESIA REPORT
    Akihiro Komuro
    Akihiro Komuro

    Komatsu began introducing hybrid construction equipment in Indonesia this spring. Equipped with an engine and electric motor as the power source, these machines can improve fuel efficiency by 20-30%, compared to conventional machines.

    Chinese manufacturers are pushing low-priced construction equipment, and are now rivaling Komatsu, which has a stronghold in Indonesia, in terms of market share. With fuel prices rising sharply, emerging countries are also becoming more environmentally conscious. Komatsu is fending off Chinese competition with its highly fuel-efficient construction equipment and is tapping into demand for decarbonization.

    In Indonesia, the largest construction equipment market in Southeast Asia, Komatsu has launched a hybrid hydraulic excavator. Equipped with a hybrid system developed in-house, the excavator’s swing unit is electrically powered. When turning the body, including the arm and driver’s seat, from side to side, the energy generated during deceleration is used to generate electricity, which is stored for future use. The company plans to market the system to nickel mine developers and others, where demand for EV batteries is growing.

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  • Korean EVs Hyundai and Kia Doing Well in UK

    FAR EAST: SOUTH KOREA REPORT

    Akihiro Komuro
    Akihiro Komuro

    The European EV market is expanding, and in the UK, Korean-made EVs are gaining popularity as vehicles that are more affordable than Tesla’s and that offer superior performance.

    Last year in the UK, the Tesla Model 3 ranked second in sales of all passenger cars by model, marking the "first year of EVs" in earnest. However, the popular Tesla cars are not inexpensive, costing about three times as much as similarly sized gasoline-powered cars. On the other hand,…

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  • India Amends Bio-Fuel Policy, Hikes Introduction of E20

    INDIA REPORT 

    Aditya Kondejkar

    The government of India has amended its National Policy on Bio-fuels that will accelerate the adoption of E20, allow the use of new bio-fuel feedstocks, and grant permission for bio-fuel exports under certain conditions. 

    Source: Ethanol Producer Magazine     Read The Article

    PSR Analysis: To tackle soaring fuel oil prices, India plans to introduce 20% ethanol blending with gasoline in several regions of the county beginning in April 2023, and it will be implemented nationwide starting in FY25. The Indian government has expediated the process to increase local oil production and the transition to alternative fuels to reduce the dependencies on other countries. Currently, India is using a 10% mixture of ethanol and gasoline.

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  • Buffett-backed BYD Will Supply Batteries To Tesla

    CHINA REPORT

    Jack Hao
    Jack Hao

    BEIJING— Chinese electric vehicle (EV) and battery maker BYD is going to become Tesla’s battery supplier for the first time, a senior executive at the company backed by Warren Buffett’s Berkshire Hathaway said recently.

    “Tesla is a very successful company. BYD has great respect for Tesla and raises our hat to it,” said BYD’s executive vice president Lian Yubo in an interview with the state-owned news channel China Global Television Network (CGTN), when he was asked his thoughts of China-made vehicles in comparison with Tesla.  “(Tesla CEO) Musk and us are good friends now as we are preparing to supply batteries to it very soon. We learned a lot from Tesla,” Lian added, noting the U.S. rival’s positioning itself as a high-end EV brand.

    Lian’s remark suggests BYD is set to be the second China-based battery supplier of Tesla next to CATL, the world’s largest EV battery company. LG Energy Solution, the South Korean battery maker second to CATL, and Tesla’s long-time partner Panasonic currently are another two battery makers in Tesla’s supplier list.

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  • Brazilian Marcopolo Launches H2 Bus in Australia

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    Fabio Ferraresi
    Fabio Ferraresi

    Brazilian-based Marcopolo has expanded its product line of renewable and zero-emission fuels. Volgren, a company owned by the Brazilian manufacturer, is Australia’s largest bus producer. It has signed an agreement with Wrightbus, an Irish bus manufacturer, and market leader with Hydrogen technology in Europe, to develop and launch hydrogen fuel cell-powered buses for the Australian market.

    The first units of the Volgren-Wrightbus are expected by early 2023. The vehicles will be the…

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  • Trailers with Electric Drive Axle Authorized in Brazil

    BRAZIL/SOUTH AMERICA REPORT  

    Heavy vehicles using electric axle systems in the trailer now can be driven on Brazilian Roads, following approval by the National Traffic Council (Contran) at its meeting in May.

    Suspensys, a Brazilian company part of Randon group launched the product at Fenatran of 2019, but only now has it been approved by traffic authorities.

    Source: M&T Magazine     Read The Article

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  • Volvo CE Pushing Alternative Powertrains

    EUROPE REPORT

    Emiliano Marzoli
    Emiliano Marzoli

    Volvo Construction Equipment (Volvo CE) has started testing its prototype “HX04” Hydrogen Fuel-Cell Articulated truck.  Carolina Diez Ferrer, Head of Advanced Engineering Programs at Volvo CE expects that this prototype will “give valuable insights into the opportunities of hydrogen in the energy transformation alongside battery-electric solutions.”

    The on-going development of the hauler began in 2018 and experienced partnerships with different Swedish institutions and companies.  Fun fact: The machine is nicknamed “Electric Charlie,” a homage to “Gravel Charlie,” the world’s first Articulated hauler produced by Volvo in 1966. 

    Shell has been involved in the project, supplying the Hydrogen refuelling station for Volvo’s test track.  The Volvo HX04 is charged with 12 kg hydrogen in about 7.5 minutes, enabling it to operate for approximately four hours. Fuel cells work by combining hydrogen with oxygen and the resulting chemical reaction produces electricity which powers the machine.

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  • DATAPOINT. North American Pavers, 2022 Estimated Production: 2,900 Units

    NORTH AMERICAN REPORT

    2,900 units is the estimate by Power Systems Research of the number of Pavers to be produced in the U.S. and Canada 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.

    Exports: Collectively, up to 40% worldwide.

    Market Share:  With combined plant totals of 20%, VT LeeBoy (includes LB Performance Paving) leads in production of Pavers in North America.  In second position with 17% is Weiler; third place is held by Cat Global Paving with 16.5%.    

    Trends: In 2021, production of Pavers in North America increased 17%.  Production is expected to gain another 3% in 2022 to about 2,900 units. This increase is based on growth in road related repairs and increased international sales.   

    Despite 2020 uncertainties, mostly affected by COVID related issues, 2021 showed a strong increase in production.  This turnaround from 2020 focused on repairing crumbling roads and bridges that are a concern throughout many regions.  COVID factors caused government transportation departments to reduce or cancel road construction and maintenance projects in 2020. 

    Stabilization of this paver market segment this year will depend on factors that may include public funding and the demand for “greener” products due to environmental issues and concerns.  Overall, production is expected to rise slowly over the next three years with a gain of up to 5%.    PSR

    Carol Turner is Senior Analyst, Global Operations, at Power Systems Research

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