Reports

  • Q1 2025 Truck Production Index (PSR-TPI) drops 5.3%

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    St. Paul, MN (April 21, 2025)— The Power Systems Research Truck Production Index (PSR-TPI) dropped from 113 to 107, or -5.3%, for the three-month period ending March 31, 2025, from Q4 2024. The year-over-year (Q1 2024 to Q1 2025) timeframe was flat for the PSR-TPI, 107 to 107, or 0%.

    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 2025, Medium and heavy commercial vehicle production in South America, Greater China, South Asia and Japan/Korea are expected to increase slightly while European and North American production is expected to decline this year over 2024.

    Global Index. Globally, medium and heavy commercial vehicle production is expected to decline by 0.1% this year over 2024.  A moderate softening of the global economy along with negative impacts from increased tariffs will likely place pressure on vehicle demand this year. 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

  • 2025 NA Snowmobile Production

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    60,300 units is the estimate by Power Systems Research of the number of Snowmobiles expected to be produced in the United States in 2025. Snowmobiles 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.

    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 at Power Systems Research

  • Hannover Messe Show Report

    Hannover Messe (March 31 – April 4, 2025) is the world’s leading annual trade fair for industrial technology, and the show delivered: AI and automation are now real, not hype. Hydrogen and sustainability took center stage. Canada’s partnership boosted global collaboration. The show proved industry is ready for a digital, green future — if you’re not innovating, you’re falling behind.

    This year’s theme, “Energizing a Sustainable Industry” with a sharper focus on AI, automation, and sustainability. More than 127,000 visitors from 150 countries attended the show and more than 4,000 exhibitors, similar to 2024, participated. There was a significant increase in Canadian participation (225 exhibitors in 2025 vs. 83 in 2024).

    There also was a notice change in AI, as the technology moved from hype to practical deployment, with generative AI, digital twins, and industrial data fabrics dominating discussions and product launches.

    Hydrogen and electrification were more prominent, with over 300 companies showcasing hydrogen and fuel cell innovations. PSR

    The complete Hannover Messe 2025 Show Report will be available for downloading soon.

  • Automec 2025: Innovation and Transformation

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    Automec 2025 offered a comprehensive showcase of emerging technologies and set the tone for the industry’s future in electrification, connectivity, and advanced diagnostics.​

    São Paulo – (April 22 – 26, 2025) Automec 2025 reaffirmed its standing as Latin America’s premier trade fair for automotive parts, equipment, and services. Hosting more than 1,500 brands and over 90,000 visitors, the key theme of the events were sustainable mobility, digital transformation, and the professionalization of the repair chain.

    Accelerated Electrification. Exhibitors at Automec 2025 focused heavily on supporting this transition with products such as High-efficiency EV charging modules, Battery cooling and heating solutions, and Modular platforms and retrofitting kits for fleet conversion​.

    Component Innovation. Multiple players showcased system-level improvements including Enhanced thermal management systems, Scalable battery pack architectures, and Power electronics adapted for multi-voltage applications.​ PSR

  • PowerTALK™, March 2025

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    The March 2025 issue of PowerTALK™ News features a Special Report by Guy Youngs on global news of the Tesla company and car sales. It also has articles about the impact of US tariffs on the India auto sector, the Jakarta construction market, and Kubota’s plans to build a tractor plant in India.

    IN THIS ISSUE

    ALTERNATIVE POWER: Musk and Tesla Make News

    ALTERNATIVE POWER REPORT

    • US Is Losing The Solid-State EV Battery Race, Big Time
    • US Trade War Causes Turbulence in Battery Industry
    • Renault’s Solution for Battery Fires Available To Everyone
    • Ford CEO Warns Tariffs Will ‘Blow Hole’ in US Auto Industry

    NORTH AMERICA: Proposed Transportation Act Affects Emissions
    DATAPOINT: 2025 North America Trenchers

    SOUTH AMERICA/BRAZIL:

    • Brazil Vehicle Production Best Since 2021
    • Dutch OXBO Launches First Plant in Brazil
    • FPT Industrial Supplies Agrale NG/Biomethane Engine

    JAPAN: Kubota Plans Tractor Plant in India, Doubling Production
    SOUTH KOREA: Kia To Offer Corporate Clients Custom EVs
    INDONESIA: Notes on Jakarta Construction Equipment Market
    CHINA: Baidu, CATL Plan Ecosystem for Unmanned Driving
    INDIA: US Tariffs Pressure India Automotive Sector

  • 2025 NA Trenchers Production

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    4,200 units is the estimate by Power Systems Research of the number of Trenchers expected to be produced in the United States in 2025.

    A Portable/Walk-Behind Trencher is used to dig trenches, especially for laying pipes or cables, for installing drainage, or in preparation for trench warfare. Trenchers range in size from walk-behind models, to attachments for a skid loader or tractor, to very heavy tracked heavy equipment.

    Riding Trenchers are used to dig trenches, especially for laying pipes or cables, for installing drainage, or in preparation for trench warfare.

    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.

    By Carol Turner, Senior Analyst, Global Operations

  • Alternative Power Report, March 2025

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    This month, Alternative Power Report Editor Guy Youngs brings readers up to date on Elon Musk and Tesla activities around the world. Sales are down, stock price is down, and consumer anger is up. Read about it in the March issue of the Alternative Power Report produced by Power Systems Research. The March report also contains information on EV battery development and the tariff wars launched by U.S. President Donald Trump. PSR

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

  • PowerTALK™, February 2025

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    Read about Tesla Germany sales dropping 60%, Nissan quitting Honda merger talks, Q4 2024 global truck production climbing and South Korean battery production slumping and more in the February 2025 issue of PowerTALK™ News.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT

    • Is Toyota Largest Auto Funder of Climate Deniers in US?
    • Tesla Sales Drop 60% in Germany
    • Nissan Quits Honda Talks, Eyes Foxconn Alliance
    • Recycling Battery Metals Could Supply 25% Of Europe’s EVs By 2030

    TRUCK PRODUCTION REPORT: Q4 2024 Truck Production Climbs 3.7%
    DATAPOINT: 2025 North America Snowblowers Production
    NORTH AMERICA: Isuzu Plans South Carolina Truck Assembly Plant
    EUROPE: Sanlorenzo, Volvo Penta Collaborate for Sustainable Yachting
    SOUTH AMERICA/BRAZIL:

    •  Mercedes-Benz Sells Sprinter Factory in Argentina
    • Record Motorcycle Production in Brazil

    JAPAN: Kanadevia To Build Plant for Hydrogen Equipment
    South KOREA: Battery Makers See Revenue Decline
    CHINA: Lexus China Plant To Begin Production in 2027
    INDIA: 2025 Budget Pushes Green Mobility, Manufacturing PSR

  • Alternative Power Report, February 2025

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    Read about changes in the Japanese EV industry in the February issue of the Alternative Power Report produced by Power Systems Research. The report also contains several articles on EV battery development trends. PSR

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

  • 2025 NA Snowblowers Production

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    293,500 units is the estimate by Power Systems Research of the number of Snowblowers expected to be produced in the United States in 2025.

    A Snow Blower or Snow Thrower is a machine for removing snow from an area such as a driveway, sidewalk, roadway, railroad track, ice rink, or runway. It can use either electric power (line power or battery), or a gasoline or diesel engine to throw snow to another location or into a truck to be hauled away.

    Snow blowers range from very small units, capable of removing only a few inches (a few more cm) of light snow in an 18 to 20 in (457 to 508 mm) path, to the very large units, mounted on heavy-duty winter service vehicles and capable of moving 20-foot (6.10 m) wide swaths of heavy snow up to 6 feet (1.83 m) deep.

    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

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