Reports

  • 2024 Global Snowmobile Production 

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    89,400 units is the estimate by Power Systems Research of the number of Snowmobiles expected to be produced in Canada, Finland, Italy, Japan and U.S. in 2024.

    Snowmobiles, often called sleds, are motor vehicles that have a revolving tread in the rear and steerable runners in the front, for traveling over snow off-road, often at speeds exceeding 100 mph. They are used for recreation and industrial purposes.

    This product 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. PSR

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

  • PowerTALK™, May 2024

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    The May 2024 issue of PowerTALK News presents articles about Chinese EV production, Agrishow 2024 news, EV production in SE Asia and Kubota’s plans for production in India.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT

    • Chinese EVs Pile Up in European Ports
    • Europe Studies Chinese EV Subsidies
    • How Valuable Is Fools Gold?
    • Hyundai and Kia Develop Hydrogen Engine

    GLOBAL:  

    • Volvo To Build Plant in Mexico
    • ATV, S&S Market To Hit $22.9 Billion

    DATAPOINT: North America Skid Steer Loader Production  

    EUROPE: World Hydrogen Summit Report
    BRAZIL/SOUTH AMERICA    :

    • Storms Batter Brazilian OEMs
    • Agrishow 2024 Report

    JAPAN: Komatsu Develops Mobile Hydrogen Generator
    South Korea: Kia To Double Hybrid Sales
    Thailand: Malaysia Overtakes Thailand in New Vehicle Sales
    CHINA:     Bosch China Sets Up Commercial Vehicle Group
    INDIA: Kubota Sees India as Global Production Hub
    PSR

  • Alternative Power Report, May 2024

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    The May 2024 Alternative Power Report from Power Systems Research features several stories on Chinese EVs and the impact they are having on European and US markets. There also are stories on hydrogen development and hydrogen fueling stations. PSR

  • 2024 NA Skid Steer Production        

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    96,000 units is the estimate by Power Systems Research of the number of Skid Steer Loaders expected to be produced in North America (US and Canada) in 2024.

    A Skid Steer Loader also known as a Skid Loader, Skid-Steer Loader, or Skidsteer, is a small rigid frame, engine-powered machine with lift arms used to attach a wide variety of labor-saving tools or attachments.

    Four major uses for Skid Steer Loaders are: Agricultural, 29%; Rental Fleets, 22%; Construction, 20%, and Landscape, 12%.

    This product 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. PSR

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

  • PowerTALK™, April 2024

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    The April 2024 issue of PowerTALK News presents another excellent report by analyst Guy Youngs on Alternate Power sources, an update on the OEM Van Hool, John Deere’s aggressive plans for expansion in Brazil, and an analysis of the market strategies being developed by two OEMs in the India market.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT

    • Are Sodium Ion Batteries Viable Alternative to Lithium?
    • New Hydrogen Colors to Watch in 2024 and Why They Matter
    • Study Shows Plug-in Hybrids Aren’t as Clean as We Thought
    • CATL, Yutong Launch Long-life EV Battery

    GLOBAL:  Lawn and Garden Equipment Market

    DATAPOINT: North America Plate Compactor Production  

    EUROPE: A New Path for Van Hool   
    BRAZIL/SOUTH AMERICA    :

    • John Deere Announces New Investments in Brazil
    • Volvo To Begin Testing Heavy Trucks

    JAPAN: Kubota Unveils First Fuel Cell Tractor
    CHINA:     VW To Inject € 2.5 billion into its Hefei Base
    INDIA: Two EV Strategies for India Market

  • Q1 2024 Power Systems Research Truck Production Index (PSR-TPI) falls 4.5%

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    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

  • South American Truck Production Index Climbs 3.4%

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    April 16, 2024— The Power Systems Research South America Truck Production Index (PSR-TPI) increased from 88 to 91, or 3.4%, for the three-month period ending March 31, 2024 (Q1 2024), from Q4 2023. The year-over-year (Q1 2023 – Q1 2024) PSR-TPI increased  from 75 to 91, or 21.3%.

    The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets. The South America TPI measures truck production in Brazil, Argentina and Columbia.

    This data comes from OE Link™, the proprietary database maintained by Power Systems Research. 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

  • Alternative Power Report, April 2024

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    The April 2024 Alternative Power Report by Power Systems Research features several articles on batteries including one on sodium ion batteries as an alternative to Lithium Ion batteries, and another on the dropping cost of EV batteries. Hydrogen power sources show increasing promise, and there is an article on Chinese manufacturer CATL launching a battery pack with Yutong Bus Co to power commercial vehicles such as buses and trucks that has a 15-year warranty. PSR

  • NA Plate Compactor Production        

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    3,200 units is the estimate by Power Systems Research of the number of Plate Compactors expected to be produced in North America in 2024.

    Plate Compactors, also known as plate vibrators, are used to compact soils, base materials, sand beddings and pavers, to promote interlocking.

    One key piece of equipment for almost all jobs is a plate compactor There are three main categories of plate compactors:  a single plate, reversible plate and heavy-duty compactors, mostly used for soil and asphalt compaction.  The most popular are reversible plate compactors because they can go in both directions (forward/backward).

    This product 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.

    Expect the production of Plate Compactors in NA to increase up to 10% by 2030.    PSR

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

  • PowerTALK™, March 2024

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    In the March 2024 issue of PowerTALK News you’ll find two articles describing changes at Van Hool, the Belgian bus manufacturer, as it struggles to meet EV competition. Another EV article describes possible EU tariffs on Chinese EV imports. You can also read an update on EV battery technology from Michael Aistrup as well as a report on the record sales performance in 2023 by Rolls Royce power systems business unit by Natasa Mulahalilovic, Finance and Admin. Manager – Europe.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT:

    • Germany Drops Subsidies for Electric Semi-trucks and Buses
    • Lithium-Air EV Batteries Tapped For Net Zero Economy of The Future
    • Why Are Hydrogen Fuel Cells So Expensive?
    • Europe May Slap Retroactive Tariffs on Chinese EVs

    GLOBAL:

    • Van Hool To End City Bus Production in Belgium
    • E-Battery Technology Increases Application Opportunities

    DATAPOINT: North America Trencher Production  

    EUROPE:

    • Rolls Royce Posts 16% Revenue Gain
    • Van Hool Making Major Changes      

    BRAZIL/SOUTH AMERICA:

    • Car OEMs Announce US$ 14.3 Billion Investment in Brazil
    • AG and CE Segments Poised for Substantial Growth in Brazil

    JAPAN: Kubota Plans To Produce Batteries for EV AG Equipment
    SOUTH KOREA: SK Plans World’s Largest Semiconductor Manufacturing Base
    CHINA: Electrification of Construction Machinery Industry Accelerates
    INDIA: EV Market Provides Opportunities and Challenges

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