Reports

  • North America Tractor Production

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    80,800 units is the estimate by Power Systems Research of the number of Ag Tractors expected to be produced in North America (United States, Canada, and Mexico) during 2026.

    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.

    Ag Tractors are produced in several different types that were considered in the production of this report.

    2-Wheel Drive Tractors are farm tractors that have a drive train that allows two wheels to receive power from the engine simultaneously. Normally, the rear axle is powered by the engine.

    4WD Articulated Ag Tractors are farm tractors built with an articulated chassis very similar to the design used for articulated wheel loaders. Each element of the articulated chassis has a rigid drive axle, and the front and rear elements are connected by a pivoting/ articulating joint. This design uses rigid (i.e. non-steering) drive axles and is typically used for large, high-HP tractors.

    MFWD Tractors (Mechanical Front Wheel Drive) are farm tractors which feature a rigid chassis with steerable front-drive axles. This designation applies to both full-time 4WD and front-assist-drive configuration tractors across a broad HP range. Both configurations are produced in significantly greater volume than the 4WD Articulated type tractors.

    Tracked Ag Tractors are steerable multitrack tractors with powered rubber tracks instead of wheels to move the vehicle. The crawler-type tracks are flexible and reinforced with steel. They are usually powered by hydrostatic or completely hydraulic driving mechanisms. They can be articulated or nonarticulated.

    Trends. In 2025, production of Ag Tractors in North America decreased 6.2%.  Production is expected to drop by nearly 6% in 2026. 

    Prior declines in 2020 were attributed to COVID-19 related issues which included unusually high orders for materials and parts. Inventory levels are at the lowest level in decades and have left the supply chain a mess, according to leading tractor manufacturers and AEM. 

    Production of machinery and components needed to build equipment has been halted.  This negatively affected demand for farm machinery and contributed to overall lower sales and profits for agricultural equipment operations.

    New tractors have become very expensive and have weakened demand. Reduced demand also has been linked to lower commodity prices.

    The peak of Ag Tractor production was in 2013.  Expect production to remain flat with a potential 10% decline by 2035.      PSR

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

  • Alternative Power Report, January 2026

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    In the January 2026 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, you’ll find articles on Tesla’s very weak 2025 sales in Europe, CATL’s winning position in the shipping electrification race, CATL’s upgrade to its sodium-ion battery, and the possibility that China is running out of critical battery materials. Read these articles and more in the January Alternative Power Report today. PSR

    Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research

  • PowerTALK™, January 2026

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    In the January 2026 issue of PowerTALK News you can read articles about Tesla’s poor 2025 European sales, CATL’s shipping electrification, the 2026 North American truck production forecast, Brazilian vehicle growth, growing construction equipment demand in Indonesia, Canada’s reduction of tariffs on Chinese EVs, India’s growing two-wheel market, and more.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT

    • Tesla’s 2025 Europe Sales Plummet
    • Sodium-Ion Battery Cell Cost Could Drop
    • CATL Winning Shipping Electrification Race

    DATAPOINT: 202 Dumper/Tender NA Production
    NORTH AMERICA REPORT: 2026 Growth of 4.9% Seen in Truck Production
    SOUTH AMERICA REPORT:

    • Brazil Government Program To Help Truck Industry
    • Brazilian Vehicle Market Projected To Grow 3%

    JAPAN REPORT: Marine Hydrogen Engine Project Targeted for 2028
    SOUTH KOREA REPORT: 
    2025 EV Motorcycle Promotion Project Continues
    INDONESIA REPORT:
     Construction Machinery Demand Growth Seen
    CHINA REPORT: Canada Reduces Tariff on Chinese EVs
    INDIA REPORT: Two-Wheel Market Drivers Identified

  • North America Dumper/Tender Production

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    1,300 units is the estimate by Power Systems Research of the number of Golf Cars expected to be produced in North America during 2026.

    Dumpers/Tenders are vehicles designed for carrying bulk material, often on building sites. Dumpers are distinguished from dump trucks by configuration: a dumper is usually an open 4-wheeled vehicle with the load skip in front of the driver, while a dump truck has its cab in front of the load.

    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.

    Market Share. With 50% of total units produced, Country Home Products leads in production of Dumpers/Tenders in North America. In second position is Allen Engineering with 24%; third, Power Buggy (Indy) 13%. 

    Export. 15% worldwide.  

    Trends. In 2025, production of Dumpers/Tenders in NA increased 6.4%.  Expect production to gain 10% in 2026 over 2025.  The 2024 decline was due to saturation in the marketplace along with longevity of products in the field.  Also, utility style models are versatile and are extremely popular with homeowners. 

    Dumper/Tenders are sought after pieces of equipment, much faster than a conventional wheelbarrow and they accelerate job site activities.  Expect production to increase an additional 5% by 2035.   PSR

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

  • Alternative Power Report, December 2025

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    In the December 2025 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, you’ll find articles on slowing EV Sales, hydrogen power, battery development, China’s shift from diesel powered trucks to electric, and Spain’s growing emphasis on hydrogen power. Read these articles and more in the December Alternative Power Report today. PSR

    Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research

  • North America Golf Cars Production

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    60,100 units is the estimate by Power Systems Research of the number of Golf Cars expected to be produced in North America during 2025.

    Golf Cars are small, motorized vehicles that transport golfers and their equipment around a golf course. They may also be used as a Neighborhood Electric Vehicle (NEV) to transport people within golfing communities or similar neighborhoods.

    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

    For details, download the complete report above.

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

  • PowerTALK™, December 2025

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    In the December 2025 issue of PowerTALK News you can read articles about China’s conversion to EV trucks, slowing EV sales, Spain pushing hydrogen, 2025 NA Golf Cars production, Vietnam EV motorcycle growth, Ford’s new growth strategy in India, and Japan’s worsening agricultural equipment situation, and more.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT

    • EV Sales Have Not Fallen or Slumped, Despite Some Reports
    • Renewables and AI Rapidly Transforming World’s Energy Future
    • China’s Diesel Trucks Shifting To Electric
    • Spain Doubles Down on Hydrogen Transport

    DATAPOINT: 2025 Golf Cars Production
    NORTH AMERICA REPORT: EPA Won’t Delay 2027 NOx Rule
    EUROPE: EU-US Trade Deal Threatens European Production
    SOUTH AMERICA/BRAZIL REPORT:

    • Yanmar Invests US$ 50 million Tripling Indaiatuba Factory
    • Eletra Starts In-House BEV Bus Chassis Assembly
    • Volvo Launches Articulated Dump Truck with 55-Ton Capacity

    JAPAN REPORT: Delays in Agricultural Equipment Delivery Worsen
    SOUTH KOREA REPORT:
    2025 EV Motorcycle Promotion Project Continues
    VIETNAM REPORT:
    EV Motorcycle Market Rapidly Expanding
    CHINA REPORT: Heli Breaks Ground for Factory in Thailand
    INDIA REPORT: Ford Uses Revised Strategy for Sustainable Success

  • PowerTALK™, November 2025

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    In the November 2025 issue of PowerTALK News you can read articles about China developing EV batteries, GM dropping plans for hydrogen fuel cells, China’s push into South America, industry comments on the North America trucking recovery, South Korea’s promotion of EV forklifts, news from Agritechnica 2025, and more.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT

    • Hitachi Powers Site with Hydrogen Gen-Set
    • Trump Threatens Massive Tariffs after China’s Rare Earth Curb
    • Carmakers on Track To Meet EU CO2 Requirements
    • Electrifying India Motorcycles

    DATAPOINT: 2025 North America TLB Production
    NORTH AMERICA REPORT: Trucking Recovery To Be Driven by Supply Side
    EUROPE REPORT: MODX 70 Offers Luxury and Eco-Responsible Sailing
    SOUTH AMERICA/BRAZIL REPORT:

    • Brazil, Columbia Renew 2026 Free Trade Quota
    • Stellantis Exports Ram Rampage from Brazil To Europe
    • Ford To Build Hybrid Ranger with Flex-Fuel Engine

    JAPAN REPORT J-ENG Marine Engine Fueled by Ammonia
    SOUTH KOREA REPORT: EV Forklift Adoption Promoted
    INDONESIA REPORT: Ag Equipment Assistance Ads Farmers
    CHINA REPORT: China Pushes Into South American Market
    INDIA REPORT: Auto Segment Driven by 2Ws, Stable PV Demand

  • 2025 North America TLBs Production

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    9,500 units is the estimate by Power Systems Research of the number of Tractor/Loader/Backhoes expected to be produced in North America during 2025.

    Tractor/Loader/Backhoes (TLBs) are full-size machines that are three pieces of construction equipment combined into one: the tractor, the loader and the backhoe. These units are designed to tackle an array of construction and agricultural related activities.

    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

    For details, download the complete report above.

  • Alternative Power Report, November 2025

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    In the November 2025 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, you’ll find articles on General Motors halting production of Hydrogen fuel cells; China develops all-solid-state EV batteries with 620 mile range; plummeting battery prices will push BEVs below parity soon, and Chinese battery breakthrough could extend lithium cell lifespan by 9,000 hours. Read these articles and more in the November Alternative Power Report today. PSR

    Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research

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