Global

  • Japanese OEMs Agree on Battery Specs for Electric Motorcycles

    Four Japanese motorcycle manufacturers, Honda, Yamaha, Suzuki and Kawasaki, said they have agreed to share the same battery specifications for electric motorcycles. By sharing the same removable replacement battery, they will increase convenience. The battery charger to be developed in the future will also be standardized.

    For small scooters, it is difficult to increase the size of the battery to extend the cruising range due to the small size of the vehicle, and thus the frequency of recharging is…

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  • Argentina Forces OEMs and Supply Chain To Produce at Full Capacity

    In an effort to reduce the domestic economic impact of the pandemic, the Argentinian government has published an order that makes all industry with annual revenue above US$ 41 Million to produce at full capacity. If not, they will be fined.

    Source: Automotive Business    Read The Article

    PSR Analysis: As the Argentinian government sees a shortage of industrial products and related price escalation, it identifies reduced OEM production as the main cause of these shortages. However, it underestimates…

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  • MWM Launches Family of NG Engines

    MWM Engines and Power Gen, part of the Navistar group, has announced the launch of a new line of Acteon Engines powered by Natural Gas. The engine family has been developed in Brazil and features 4 cylinders and 6 cylinders with 4.8L and 7.2L displacement.

    Source: Automotive Business     Read The Article

    PSR Analysis: With this move, MWM meets Power Gen customers demand or NG powered Gen Sets and increases portfolio to attend OEMs aiming to launch NG powered vehicles and equipment…

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  • MAN Marine Engines Certified To Operate Globally

    Natasa Mulahalilovic
    Natasa Mulahalilovic

    MAN Energy Solutions, one of the leading marine engine manufacturers in the range between 730 and 2000 hp (5370 to 1397 kW), says that all of its engines now comply to the globally required major current emissions standards.

    All engine models from i8-730 to V12-2000 are certified with the US EPA Tier III, the EU IMO Tier II and RCD 2013/53/EC. The current China Marine Recreational Stage I standard has been upgraded to the Stage II based on the US Tier III standard requirements.

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  • NA Powersports EV Update

    Read the complete report in April PowerTALK™ News

    EDITOR’S NOTE. Power Systems Research tracks the global trend of electrification of industrial equipment. This is one of a series of reports on these trends.

    Michael Aistrup
    Michael Aistrup

    Polaris INDUSTRIES, Minneapolis, is planning to debut a new electric Ranger utility side-by-side in December 2021. The Ranger will be the first electric vehicle Polaris has developed through their partnership with Zero Motorcycles. 

    The electric Ranger is the first product in Polaris’s long-term plan to accelerate its leadership in powersports electrification. Production will take place in Polaris’s Huntsville, AL facility.

    Bombardier Recreational Products Inc. (BRP), which owns popular brands such as Can-Am, Rotax, Sea-Doo and Ski-Doo, plans to offer electric models in each of its product lines by the end of 2026. The company is investing $300 million in product development and production facilities.

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  • Fastest NA Economic Growth Expected Since 1980s

    Read the complete report in April PowerTALK™ News.

    Yosyf Sheremeta
    Yosyf Sheremeta

    (April 1, 2021)–After the GDP declined 3.5% last year, the worst performance in almost 75 years, the US economy is set for a strong comeback.  In fact, we could see GDP growth exceeding 6% this year.

    There are many reasons to be optimistic about 2021.  Strong readings of macro-economic factors combined with the economic cycle reset backed by the government initiatives and policies support our estimates for the current year and beyond. 

    Our positive outlook is based on the reviews of the key economic indicators, including GDP, unemployment, and inflation.   In our previous forecasts, we discussed recovery trends for the post-pandemic period, stating a return of demand for most markets in 2021, especially during H2 2021.  

    Based on our analysis of the expected growth trend and the economic reviews in major publications, we think US growth can surpass the growth level from 1984 – the highest one since 1950s. 

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  • Mining World Moscow 2021 Reopens Without Major Exhibitors

     MOSCOW (April 21, 2021)–After only a seven-month break, the Mining World Russia trade show has started again, without many major exhibitors. The last Mining World event was conducted in October 2020.

    Maxim Sakov
    Maxim Sakov

    This year’s fair started April 20 in the same place – the Crocus Expo Center Moscow. There were no significant changes since the last event. The amount of occupied space was similar, and the number of participants was about the same (167 companies versus 176 last time).

    However, the number of countries has increased significantly – to 20. There were exhibitors from Australia, USA, Canada, U.K., India, China and so on. Large machine samples, including crawler drills, have been brought by Turkish companies. Germany is presenting a national exposition at the fair (in spite of pessimistic announcements made by German top officials regarding coal mining recently). Belorussian Belaz also presented at the show.   

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  • DATAPOINT: 2021 US ATV Production, 301,000 Units

    301,000 units is the estimate by Power Systems Research of the number of ATVs to be produced in Mexico and the U.S. in 2021.

    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 28% of total units produced, Polaris Industries leads in production four-wheeled ATVs in North America.  In second and third positions are Honda and Yamaha Motor with 22% and 19%, respectively.

    Exports: Up to45% of Mexico’s ATV production is exported worldwide. That compares to about 30% of the US production that is exported.

    Trends: Production of ATVs decreased 18% in 2020 from the 337,700 units produced in 2019.  Even though production is expected to increase in 2021 by about 9% over the 2020 production of 275,700 units, it will still trail 2019 production by more than 36,000 units.

    The decrease in 2020 was caused by COVID-19, excess inventories, uncertain economic conditions and the growing popularity of side x side units (UTVs). Manufacturers have discontinued less popular models and continue to shift production to UTVs.

    The outlook for ATV sales is positive. According to investor relations representatives at Polaris, Yamaha and Arctic Cat, consumer discretionary spending is on the increase and gasoline prices are favorable.

    Production is expected to increase by as much as 10% by 2025, driven by positive economic factors, pent-up demand caused by COVID, and the introduction of innovative products and technologies, including a shift to electric vehicles. PSR

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

  • PSR Partners With HDMA In Webinar

    Current and Future Supply Chain Concerns For Medium and Heavy Vehicles Will Be Discussed

    Erik Martin
    Erik Martin
    Chris Fisher
    Chris Fisher

    Power Systems Research will produce a one-hour webinar with the Heavy Duty Manufacturers Association (HDMA) discussing current and future supply chain concerns, especially as they affect Medium and Heavy Commercial Vehicles. 

    When? Wednesday, April 21, 2021 from 1:00 – 2:00 pm ETWhat? Future areas of supply chain concerns, secondary effects of logistic and shipping issues, and current…

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  • DATAPOINT: Global Snowmobiles, 2021 Production, 107,250 Units

    107,250 units is the estimate by Power Systems Research of the number of Snowmobiles to be produced in Canada, Finland, Italy, Japan, and the U.S. in 2021.

    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 52% of total units produced, Bombardier Recreational Products (BRP) leads in production of Snowmobiles.  In second position is Polaris Industries with 19%. Arctic Cat is third with 17%.  

    Trends: Production of snowmobiles decreased nearly 19% in 2020 from 2019.  Despite the COVID-19 shutdowns at Arctic Cat/Textron and Polaris, production was back on track for the winter ’21 season. 

    Despite the COVID-19-related production problems, 2021 will see the best year-to-year growth in 25 years, according to the International Snowmobile Manufacturers Association (ISMA).  Expect snowmobile production to gain 16% in 2021 over that of 2020. 

    The demand for snowmobiles is skyrocketing.  Recreationalists are choosing snowmobiling as a new hobby since many other activities have been shut down by COVID-19 restrictions. 

    The decline in 2020 was attributed to the lack of snowfall in many key riding areas worldwide, especially during the months from January – March.  Despite weather related issues, manufacturers introduced an array of new models that will entice buyers.

    Even though consumers struggle with economic difficulties and fuel prices are unstable, it appears that when it snows, powersports enthusiasts still want to play. Expect production of snowmobiles to increase an additional 10% by 2025.    PSR

    Carol Turner, Senior Analyst, Global Operations

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