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PowerTALK News, January 2020
Download PDFGlobal truck production declined in 2019 as reflected by the Power Systems Research Q4 2019 Truck Production Index, the company reported in the January issue of its monthly publication, PowerTALK News. Also included in this issue is the Q4 2019 PowerTracker NA generator report and its Q4 2019 Global economic analysis. Other stories in this issue include:
- DataPoint: NA Off-Road Motorcycles
- CNH, Nikola Develop Electric Truck
- Expectations High for Brazil Construction
- Kubota Invests in Ag Machine Data
- Kubota Unveils Dream Tractor Concept
- Russia Plans Use Fee Hikes
- Russia 2019 Auto Sales Drop
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PowerTALK™ News, December 2019
Download PDFIt’s Show Season and the December issue of PowerTALK News features reports on GIE+EXPO and the NACV commercial vehicle show. Don’t miss the words and pictures.
Here are the other top stories in this issue:
- Show Time: GIE+EXPO and NACV Reports
- Q3 2019 PowerTracker™ Gen-Set Report
- DataPoint: NA On-Road Motorcycles
- Nikola, Iveco, FPT Eye CV Market
- Brazil CE Market Rebounds
- Brazil Flex Fuel Problems
- Hitachi Develops Electric Excavator
- Doosan Bobcat Plans 3 Acquisitions
- Hyundai Plans Indonesia Auto Factory
- India Construction Outlook Could Improve in H2 2020
- Russia AutoVAZ Plans Buyout of GM JV
- Russia Car Market Drops
- Russia Plans Inexpensive EV Production
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PowerTALK™ News November 2019
Download PDFThe annual Agritechnica Show in Hannover, Germany, is often called the world’s leading trade fair for agricultural machinery, and this year’s event Nov. 10-16, was no exception. Innovation was the name of the game at the show. Read the report by Power Systems Research analysts who walked the show in the November issue of PowerTALK News.
Other Top Stories in the November 2019 issue of PowerTALK News include:
- No Economic Growth Seen for NA
- Innovation Name of the Game at Agritechnica 2019
- John Deere Wins Gold at Agritechnica 2019
- US Zero Turn Mower Growth Expected
- Volvo Plans EV Charging Investment in Brazil
- Honda Halts Auto Production in Argentina
- China Plans 20,000 Electric Taxis
- Japan Considers EV Subsidies
- South Korea EV Exports Double
- Philippines Eyes Duty on Car Imports
- India EV Market Needs Help
- India Tractor Sales Grow
- Russia Mobile Phone Firms Plan Charging Stations
- Russia Speedboats To Get Asian Engines
- Liebherr Plans Russia Plant
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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
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PowerTALK™ News October 2019
Download PDFThere’s a positive report on the global economy in the October issue of PowerTALK News, the monthly report of global business news and analysis from Power Systems Research.
You’ll also find the company’s report on Q3 2019 global truck production and several reports on electrification projects in this issue. Here are other top stories for October:
- Global Economy Still Looks Strong
- Global Truck Production Drops
- Volvo Electrifies Buses
- NA PWC Production Declining
- Report from FENATRAN Show
- Geely, Weichai To Cooperate
- Sumitomo Expands in Indonesia
- Cummins, Hyundai Collaborate
- Kubota Expands in Myanmar
- India Slowdown Continues
- India Vehicle Sales Decline
- Hyundai Eyes Engine Plan
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Q3 2019 Power Systems Research Truck Production Index (PSR-TPI) falls 9.4%
Download PDFSt. Paul, MN (Oct. 16, 2019)— The Power Systems Research Truck Production Index (PSR-TPI) dropped from 128 to 1116, or 9.4%, for the three-month period ended Sept. 30, 2019, from Q2 2019. The year-over-year (Q3 2018 to Q3 2019) loss for the PSR-TPI was, 120 to 116, or 3.3%.
Total global truck production for Q3 2019 was 1,431,959, down from 1,481,020 in Q3 2018.
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.
Global Index: Much like the global economy, medium and heavy truck demand has slowed this year and is expected to remain soft throughout 2020. Currently, a global recession is not forecasted but a cooling off is expected over the longer term.
All Regions: Commercial truck demand in North America and portions of Eastern Europe have been relatively strong for much of the year while most other regions have experienced a slowdown. PSR expects a continued slowdown in medium and heavy truck demand for most regions in 2020.
North America: While demand for medium and heavy commercial trucks have been very strong this year, a slowdown in demand has started and PSR expects significantly lower class 8 truck production in 2020 as a result of a slowing economy, lower freight rates, uncertainty surrounding the tariff situation and an overcapacity of heavy trucks in the market.
Europe: Demand for medium and heavy commercial trucks continues to slow in Western Europe as the global economy has weakened and trade tariffs are having a negative impact on the European economy. Germany is currently teetering on recession as demand for vehicles has declined in recent months.
South Asia: Medium and heavy truck demand has been slowing throughout the year as the global economy is experiencing some weakness which is expected to continue into 2020. After very strong demand in India over the past few years, the market is at overcapacity. This, along with the introduction of the BS-VI emission regulations on April 1, 2020,, will continue to put pressure demand. Commercial vehicles that do not meet BS-VI emissions standards cannot be sold in India after April 1, 2020.
South America: Medium and heavy truck production is expected to increase by 5.2% this year, driven by Brazilian production. Improved demand in both the domestic and export markets continue to drive sales. After several years of low demand as a result of relatively young fleets and a very poor economy, demand started to improve during the past few years as the truck companies needed to replace their older trucks.
Japan/Korea: Medium and heavy truck production is expected to decline by 2.7% this year as both the domestic and export economies slow. Some of the decline in exports may be attributed to uncertainty surrounding tariffs. Most of the production in Japan is for export which provides for very diverse vehicle markets.
Greater China: Medium and heavy truck demand is expected to decline slightly this year primarily due to a slowing economy, relatively high truck capacity and higher truck prices partly due to the cost of emission technology. Lower freight rates are also pressuring truck demand. It is unknown how much of an impact the trade tariffs play into this. The combination of a slowing economy and relatively high truck capacity, demand is expected to be soft during the next few years.
Power Systems Research has been tracking the production of engines and their use around the world for more than 40 years. We’re the leading company in the world doing this research and building these databases.
We have many of the largest companies in the world as our customers, including John Deere and Caterpillar. They subscribe to our unique databases, and their facilities around the world access our data and forecasts through the internet 24/7.
We’re based in St. Paul, Minnesota, and we have offices and analysts located around the world, from Brussels to Beijing and Tokyo to Brazil, to help us collect and analyze this data.
For information on our products and services, call +1 651-905-8400 or email us at info@powersys.com. PSR
Chris Fisher is the senior commercial vehicle analyst at Power Systems Research Jim Downey is vice president – global data products at Power Systems Research -
PowerTalk News September 2019
Download PDFThe bad times in the India automobile market started with the slowdown in Q4 2018, triggered by the NBFC (Non-Banking Financial Companies) crisis, reports the September issue of PowerTALK™ News. Since then it has been 10 consecutive months of hard times for almost all automobile segments.
Weak market sentiments and an overall economic slowdown have added to existing reasons for low sales.
The other top stories in this issue of PowerTALK™ News include:
• Trouble in India’s Motown
• CNH Plans Major Changes
• DataPoint: NA Aircraft Support Equipment
• Great Wall Motor Plan Europe Expansion
• Toyota Plans Hybrid Flex Fuel Production in Brazil
• Brazil, Argentina Sign Auto Free Trade Pact
• Doosan Bobcat Opens Manufacturing India Plant
• Toyota To Invest US$ 300 Million in St. Petersburg Plant -
Off-Highway Truck Production
2019 NA Production About The Same as 2018
1400 Units
This information originally appeared in the August 2019 issue of PowerTALK.
Carol Turner is Senior Analyst, Global Operations
DataPoint Fourteen hundred units is the estimate, by Power Systems Research, of the number of Off-Highway Trucks that will be produced in the United States and Canada during 2019. Estimated 2019 production will be about the same as 2018.
In 2018, production was 1412 units, down 55 units or 4% from 2017.
This information comes 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 Truck in NA with 54.5% of total units manufactured. In second position is Deere with 28%; third is Komatsu America with 15.5%.
Carol Turner
Senior Analyst Global Operations
Exports: Collectively up to 20% worldwide
Trends: The decline in manufacturing from 2017 is caused by the weakening of mining related activities especially within the copper and gold segments along with overseas mining related issues.
It was favorable news in 2017 for companies servicing the mining sector after project opportunities declined the past few years. There was an increasing demand for mining operations due to the rise the excavation of iron ore, nickel and bauxite followed by gold and copper. Expect the production of Off-Highway Trucks to increase up to 3% over the next three years, but that number will fluctuate with the demand for mining. PSR
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PowerTALK News, August 2019
Download PDFNorth America Economy Slows and Shifts
The August 2019 issue of PowerTALK News, the monthly report of world news and analysis from Power Systems Research, contains an economic outlook report for North America and a guest editorial by Mr. Kenichiro Wada, who discusses the near-term problems facing Japanese auto OEMs as they develop autonomous vehicles.
The North American economic forecast by Yosyf Sheremeta, Director of Product Management & Customer Experience. During H1 2019, he writes, the economy remained stable and pure economic conditions in the region were favorable. Most industries performed very well, and the short-term outlook remains flat to positive for most market segments. “However,” he writes, “we see many new developments that could suggest a shift in the trend.”
Here are other Top Stories in the August issue:
• Guest Editorial: Japanese Autonomous
• Data Point: US Off-Hwy Trucks
• China Has Largest EV Charging Network
• Brazil Harvester Sales Grow
• CAT Brazil Shows New Units
• Manitou Sees Slowdown
• Doosan Introduces Electric Units
• India 2-Wheel Sales Fall
• India 2-Wheel Inventories Climb
• Russian Auto Plant Begun
• Russian Machinery Sales Up 30%
• Russia, China Team UpAcross all market segments, we expect overall total OEM equipment production numbers to be flat for 2019, which is in line with our previous projection in Q4 2018 at -0.6%. We see an almost flat to slightly lower level of overall activity in 2020 at -2.0%, as the overall economy reaches its peak in productivity, and as demand levels decline going into 2020-2021.
We saw a slight drop in demand for consumer products, starting at the end of 2016-2017, but the overall level of demand remained stable in 2018. We project these markets to be flat this year. Most of the decline is cyclical and is mainly due to markets having reached their peaks in 2016-2018. At this point, over the mid-term and long-term, we do not expect any major or significant declines in any of the segments.
Read his complete report in the August issue of PowerTALK.
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PowerTALK July 2019
Download PDFGlobal Truck Production Picked Up in Q2 2019
Global truck production picked up in Q2 2019, according to the proprietary Truck Production Index (TPI) produced by Power Systems Research. YoY numbers were flat, however. The report is contained in the July issue of PowerTALK, the monthly newsletter produced by Power Systems Research.
Other top stories in this issue of PowerTALK include:
• Data Point: US Combine Production
• Brazil Auto Parts Sales Increase
• Global Economic Growth Cycle Slows
• Brazil Plans Energy Cost Reductions
• Toyota Sets China Battery Partnership
• China Auto Sales Decline Sharply
• Daimler-BAIC Partnership Strengthened
• Kawasaki Plans Hydrogen Liquefaction Expansion
• India Used Car Sales Climb
• Russia Dropping Electric Car Plans for NG
• Auto OEMs Get Russia Support
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