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  • DATAPOINT: US Combines, 2020 NA Production Forecast–6,300 units

    The 6,300 units is the estimate by Power Systems Research of the number Combines to be produced in the U.S. in 2020.

    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: John Deere leads in the production of Combines in the U.S. with 59% of the total units manufactured. In second position is Case with 29%. Third, is Class with 6%.

    Exports: Collectively, up to 30% worldwide.

    Trends: In 2019, production of combines in North America decreased 7%.  Production in 2020 is forecasted to remain flat with a nominal drop of 1%.  Despite COVID-19, combine manufacturers expect to see an increase in sales due to the introduction of new equipment.

    A few years ago, farmers were reluctant to buy or trade in pricey equipment because of low commodity prices.  For instance, in 2017, production and purchases of new combines rebounded as portrayed in production figures. The gain can be attributed to an increase in commodity prices such as corn and soybeans that peaked in 2013/2014. 

    According to industry reports such as AEM, export sales to Canada decreased 19% in 2019.  Expect production to remain flat with a possible gain of 5% by 2025.   PSR

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

  • PowerTALK™ News, September 2020

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    The September issue of PowerTALK™ News includes several reports on alternative fuels, including a report on the global outlook for diesel engines, and reports on electrification moves at Generac, Tesla and boats. Here are the top articles contained in this issue:

    • NA: Generac Capitalizes on Change
    • NA: Tesla Offers Moves Ahead
    • NA: Electric Boats Gain Share
    • NA: US Combine Production
    • SA: Chile Bets on Hydrogen
    • Brazil: The Future of Diesel CVs
    • Taiwan: Self-Drive Bus Tested
    • Japan: OEMs Expand Hydrogen Network
    • South Korea: Doosan, Game Developers Collaborate
    • Vietnam: VinFast Enters Luxury Segment
    • India: Regulatory Changes Boost Autos
    • Russia: Western OEMs Push LNG
    • Russia: First EV Car Delayed
    • Russia: Mining Trucks Sold To India

  • DATAPOINT: 2020 NA Off-Highway Truck Production Forecast Is 1,200 Units

    The 1,200 units is the estimate by Power Systems Research of the number of Off-Highway Trucks to be produced in North America (Canada and the U.S.) in 2020.

    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: Caterpillar leads in the production of Off-Highway Trucks in North

    America with 53% of the total units manufactured. In second position is Deere with 29.5%. Third, is Komatsu America with 15.5%.

    Exports: Collectively, up to 20% worldwide.

    Trends: Production of Off-Highway Trucks in North America decreased 1% in 2019 compared to 2018.  Production is expected to drop another 15% in 2020.  The decline in manufacturing is caused by the weakening of mining related activities, especially within the copper and gold segments along with overseas mining related issues.  At the same time, Covid-19 factors contributed to the decrease. 

    Expect production to increase 5% by 2025 as the need for new equipment for mining operations increases.  It is speculated that there will be growth in the excavation of iron ore, nickel and bauxite followed by gold and copper.  PSR

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

  • PowerTALK™ News, August 2020

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    The August issue of PowerTALK™ News reports on moves by BP to fund EV development. It also contains items from Chris Fisher the senior commercial vehicle analyst at Power Systems Research. Here are the articles contained in this issue:

    • NA: Gen-Set Opportunities
    • NA: BP Moves on EV Program
    • NA: B&S Files Chapter 11
    • NA: Trucking News
    • DataPoint: Off-Highway Trucks
    • EU: Wacker Neuson Expands EVs
    • BRAZIL: Higher Octane Gasoline Offered
    • BRAZIL: PROCONVE P8 May Be Delayed
    • CHINA: Record Sales for SGMW’s MINI EV
    • TAIWAN: Audi Expands EV Charging
    • JAPAN: Kubota Plans US Factory
    • SOUTH KOREA: Doosan China Sales Climb
    • SE ASIA: Used CE Prices Decline
    • INDIA: EV Battery Program Launched
    • RUSSIA: Mercedes Plans  Plant
    • RUSSIA: BMW Plant Scheduled
    • RUSSIA: Amkodor Plant Started

  • DataPoint. NA Tillers 2020 Forecast: 261,100 Units

    The 261,100 units is the estimate by Power Systems Research of the number of tillers to be produced in North America (Mexico and the U.S.) in 2020.

    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 52%, MTD leads in production of tillers in North America. In second position is Schiller Grounds Care with 33%, and in third place is Honda Power with 5.5%.

    Exports: Mexico exports up to 65% of its production, and the U.S. ships up to 35% of its production worldwide.

    Trends: Production of Tillers in North America decreased nearly 16% in 2019, compared to 2018.  Production is expected to drop an additional 10% in 2020.  The decline is attributed to Husqvarna discontinuing their line of tillers along with a lull in demand for new products. 

    In recent years, there has been a steady demand for tillers in both the commercial and residential sectors.  Driven by an acceleration in GDP growth, consumers will be increasingly willing to spend their disposable incomes on durable goods, landscaping services, and recreational activities, thereby boosting demand for both consumer and commercial outdoor power equipment. 

    It’s possible that COVID-19 may cause a production decline, but this impact may be only minor because homeowners are keeping up their yards and creating flower beds, etc. Expect production to increase 10% by 2025.   PSR

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

  • PowerTALK™ News, July 2020

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    In this issue of PowerTALK News our analysts continue to provide regional updates on the impact of COVID-19. There are several reports on alternate fuels, ranging from plans for batteries in China to the development of e-fuels in Japan.

    • NA: Daimler Pursues Fuel Cells
    • NA: On-Highway Batteries Provide Backup Power
    • NA: The Current Status of Electric Commercial Vehicles
    • NA: Powersports Industry Leading Economic Comeback
    • NA: DataPoint: Tillers
    • Euro: Stage V Emissions Standard Delayed
    • Brazil: CE Sales To Grow 15% Despite COVID
    • Brazil: AG Equipment Sales Drop in H1 2020
    • Brazil: Sanitation Regulation Will Boost CE Sales
    • China: National Grid Plans Battery Use
    • Japan: Auto OEMs Research e-Fuel
    • Korea: Hyundai Exports Fuel Cell Trucks To Europe
    • SE Asia: Super App Strategy Is at a Crossroads
    • India: Rural Economy Helps Ride Out COVID
    • Russia: Hyundai Plant Can Produce 300,000 Car Engines Annually
    • Russia: Plan Supports Switching Vehicles to NG Fuel

  • Q2 2020 Power Systems Research Truck Production Index (PSR-TPI) Drops 74%

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    St. Paul, MN (July 22, 2020)— Global truck production was battered by the COVID-19 in Q2 2020, and this decline is reflected in the Q2 2020 Power Systems Research Truck Production Index (PSR-TPI). The TPI plummeted from 80 to 34, or 57.5%, for the three-month period ended June 30, 2020, compared to Q1 2020. The year-over-year (Q2 2019 to Q2 2020) loss for the PSR-TPI was, 131 to 34, or 74%.

    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 CV Link™, the proprietary database maintained by Power Systems Research.

    All Regions: Apart from China, all regions experienced a significant decline in medium and heavy truck production during the first half of the year.  Most of the decline was caused by the Coronavirus.

    Global Index: Globally, production will decline this year as a result of the pandemic.  However, the worst appears to be over and a gradual improvement in commercial vehicle demand is expected.

    North America: Commercial truck demand has declined significantly during the first half of the year, primarily due to the impact of the Coronavirus and concerns about future truck demand.  This along with overcapacity in the market and heavy vehicle inventories at the end of last year will continue to place negative pressure on production moving forward.  However, the worst appears to be behind us, but production is expected to be somewhat variable during the remainder of the year.

    Europe: For the first five months of the year, European medium and heavy truck demand was 40% lower than the same period last year.  Numerous truck plants were idled during March through May which led to a sharp decline in production.  However, the market appears to have stabilized and demand is expected to improve later this year. Prior to the outbreak of the Coronavirus, European truck demand was expected to be down around 15% due to a slowing economy.

    South Asia: With extended lockdowns driven by COVID- 19 in most parts of India, the production of all non-essentials was at miniscule production levels in April and May, until the economy recently was opened.  As the economy recovers from lockdown and operations resume, our forecast assumes that there won’t be another shutdown.  The other South Asian countries also are experiencing lower production levels primarily due to the impact of the Coronavirus outbreak.

    South America: Commercial vehicle production was relatively strong during Q1 2020 before declining sharply in April and May as many truck plants were idled.  While the negative effects of the virus are expected to continue, production should gradually improve through the last half of the year.

    Japan/Korea: Global demand for medium and heavy commercial vehicles declined sharply during Q2 2020 which resulted in plants being idled in both Japan and Korea.  Overall, production appears to be back on-line.  However, global demand is expected to remain soft for the remainder of the year.  It should be noted that a significant amount of commercial truck production in this region is exported throughout the global market.

    Greater China: Except for February, medium and heavy truck production remained strong during the first half of the year.  Truck production in April and May was particularly strong.  However, bus production declined sharply but is expected to improve throughout the remainder of the year. 

    The next update of the Power Systems Research TPI will be in October 2020 and will reflect changes in the TPI during Q3 2020.  PSR

    Jim Downey is vice president – global data products at Power Systems Research

    Chris Fisher is the senior commercial vehicle analyst at Power Systems Research

  • PowerTALK™ News, June 2020

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    COVID-19 continues to be the main topic of the day for the power industry tracked by Power Systems Research. Read about the impact on North American production of Agricultural and Construction equipment in the June issue of PowerTALK News. The analysis was contained in a June 17, 2020, webinar presented by the Heavy Duty Manufacturers Association (HDMA) and Power Systems Research.

    The Top Stories in the June issue are:

    • NA: COVID-19 Webinar
    • NA: Lithium Revolution Is Missing
    • NA: DataPoint: Lawn & Garden Tractors
    • Brazil: Special COVID Report
    • Brazil: John Deere Grader Production
    • Brazil: Pepsico Acquires NG Trucks
    • Brazil: First Foton Assembled
    • China: Geely To Acquire CAMC
    • Japan: Domestic MC Recovering
    • SE Asia: Auto Sales Drop 80%
    • India: EV Outlook Brightens
    • Russia: Construction Machinery Sales
    • Russia: Autotor To Suspend BMW Production
    • Russia: KAMAZ Produces Mining Truck

  • DATAPOINT: US Lawn & Garden Tractors, 2020 Forecast: 681,500 Units

    681,500 units is the estimate by Power Systems Research of the number of Lawn & Garden Tractors to be produced in the United States in 2020.

    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 38% of total units produced, Husqvarna leads in production of Lawn & Garden Tractors in North America.  In second position, with combined plant totals, is MTD with 33%; third, also with combined plant totals, is Deere & Co. with 24%.

    Exports: Up to 25% worldwide.

    Trends: In 2019, production of Lawn & Garden Tractors in North America (US) increased nearly 8%, but production is expected to drop 16% in 2020.  The gain in 2019 was the result of increased demand for new fuel-efficient models combined with the demand for new equipment.  Latest models offer a variety of features for home buyers based on yard size (acreage). Entry-level lawn riders are suited for 1.5 acres or less and usually have 1-cylinder engines. 

    Mid-grade riders have twin cylinder engines with high HP’s that work well in large cutting areas.  The forecasted decline is caused by the temporary lull in production of the Craftsman line along with unfavorable mowing conditions (wet spring) and the saturation of new products in the market. 

    COVID-19 may play a factor in the manufacturing decrease because of plant shutdowns, however production can easily ramp up to meet demand for these seasonal items.  Production is expected increase up to 5% by 2025; lifespan of this product is about 10 years.   PSR

    Carol Turner Is Senior Analyst, Global Operations, Power Systems Research

  • PowerTALK™ News, May 2020

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    COVID-19 continues to make a huge impact on global production of engines and equipment. While the impact is stabalizing in some areas, it is growing rapidly in other regions, such as Brazil and South America. Read about it in the May issue of PowerTALK News.

    In This Issue:

    • NA: COVID-19 Webinar Scheduled with HDMA
    • NA: Vertical Integration Key for EVs
    • NA: New Class of Hybrids
    • NA: CORVID-19 Cuts Profits at HOG and PII
    • NA: DataPoint: PWC
    • Europe: ARGO Tractors Resumes Operations
    • Brazil: Commercial Vehicle Production Slides
    • Japan: Fuel Cell Joint Development Advances
    • Korea: Hyundai and Kia Expand EV Models
    • Southeast Asia: COVID-19 Stalls China Belt & Road
    • India: COVID-19 Lockdown
    • Russia: April New Car Sales Drop 70%
    • Russia:  Automaker To Receive Support
    • Russia: KAMAZ Driverless Trucks Tested
    • Russia: Electric GAZelle LCV Launched
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