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Q4 2024 Truck Production Index Climbs 3.7%
Download PDFThe Power Systems Research Truck Production Index (PSR-TPI) increased from 109 to 113, or 3.7%, for the three-month period ending Dec. 31, 2024, from Q3 2024.
The year-over-year (Q4 2023 to Q4 2024) decrease for the PSR-TPI was, 117 to 113, or -3.4%.
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 moderately European production is expected to be flat and North American production is expected to decline over 2024.
Global Index. Globally, medium and heavy commercial vehicle production is expected to increase by 2.3% this year over 2024. Overall improvement in the global economy is the primary driver for the forecasted increase. However, the possibility for additional global tariffs from the incoming United States Executive Branch may place negative pressure on this forecast. PSR
Jim Downey is Vice President-Global Data Products
Chris Fisher is Senior Commercial Vehicle Analyst -
PowerTALK™, January 2025
Download PDFThe January 2025 issue of PowerTALK™ News covers regional updates from six regions, and includes articles on a possible Honda-Nissan merger, VW’s possible change in plans for Germany plant closings, the DataPoint forecast of 2025 North America production for Dumpers/Tenders, and a report on Tandano’s development of the world’s largest electric crane.
IN THIS ISSUE
ALTERNATIVE POWER REPORT
- Honda, Nissan Near EV Merger
- Volkswagen May Not Close German Factories
- European EV Car Market Declines
- BYD Controversy in Brazil–What Is Going On?
DATAPOINT: 2024 North America Dumpers/Tenders Production
EUROPE: The Financial Challenges Facing KTM
SOUTH AMERICA/BRAZIL:- Sao Paulo Bus Electrification Plan Delayed
- BMW To Produce Six New Motorcycles in Brazil
JAPAN: Tadano Electrifies World’s Largest Crane
South KOREA: Strike Causes Auto Production Problems
THAILAND: Toyota, China Battle for Government Support
CHINA: FAW Jiefang, CATL Plan CV Electrification Effort
INDIA: Infrastructure Spending Seen Boosting CV Demand PSR -
Alternative Power Report, January 2025
Download PDFThe January 2025 issue of the Alternative Power Report published by Power Systems Research includes articles on Chinese EV activities in Europe and Brazil, EV sales in Europe, battery development and Chinese hybrids. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
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2025 NA Dumpers/Tenders Production
Download PDFDumpers/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.
Utility style models are versatile and are extremely popular with homeowners. Dumper/Tenders, commonly referred to as the Power Buggy, are sought after pieces of equipment, much faster than a conventional wheelbarrow and can accelerate job site 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.
Carol Turner is Senior Analyst, Global Operations, at Power Systems Resources
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Alternative Power Report, December 2024
Download PDFThe December 2024 issue of the Alternative Power Report published by Power Systems Research includes articles the successful trends in Chinese EV production, Mercedes’ solar paint product for EVs, new research on sodium-ion batteries and the development of rotary engines powered by hydrogen. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
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PowerTALK™, December 2024
Download PDFThe December 2024 issue of PowerTALK™ News covers regional updates from six regions, including the Bauma CHINA construction show. In North America, Nebraska’s Attorney General has filed an antitrust lawsuit against major truck manufacturers over their partnership with CARB. Volvo Construction Equipment has expanded its Brazilian manufacturing portfolio by localizing production of the A45G articulated hauler.
This issue also highlights several key developments in the alternative power sector. The global outboard engines market is forecasted to reach USD 19 billion by 2034, driven by increasing recreational activities and technological advancements.
IN THIS ISSUE
SHOW REPORT: Bauma-China Show Exhibits New Technologies
ALTERNATIVE POWER REPORT- World Moving On Without USA, As Priorities Change
- Chinese Electric Cars Lead US Producers
- Mercedes’ Solar Paint Could Eliminate Plugging In EVs
- CATL Pushes Forward With All-Solid-State EV Batteries
DATAPOINT: 2024 North America UTV Production
GLOBAL: Outboard Motor Production Forecast
NORTH AMERICA: Nebraska AG Sues Truck Makers Over CARB
JAPAN: Kubota To Build Excavator Plant in Germany
South KOREA: Strike Causes Auto Production Problems
THAILAND: Government To Ease EV Production
INDIA: Tractor Industry Sees H2 2024 Revival PSR -
Bauma China Demonstrates New Technology
Download PDFSHOW REPORT
Jack Hao 
Dalibor Sablic The Bauma CHINA 2024 trade show, held at the Shanghai New International Expo Centre from November 26-29, showcased a significant evolution in the global construction machinery industry. The event expanded to 330,000 square meters, featuring 3,542 exhibitors from 32 countries and attracting 281,488 visitors from 188 nations, a remarkable recovery from the pandemic-impacted 2020 edition.
This year’s exhibition highlighted trends such as electrification, sustainable technologies, digital innovations, and intelligent system integration. Chinese manufacturers like Dingli, LGMG, and Sinoboom demonstrated dominance, presenting groundbreaking products in new energy and hybrid solutions, while the presence of Western manufacturers was notably reduced.
The trade show introduced dedicated zones for intelligent management and new energy technologies, reflecting a pivot toward green and digital solutions. Key product launches included electric and hybrid machinery, hydrogen-powered systems, and cutting-edge equipment from major players like Sany, XCMG, and Zoomlion.
Conferences focused on sustainability, new energy collaborations, and digital transformation underscored the industry’s shift towards environmentally friendly practices and global market integration. The Bauma CHINA 2024 effectively underscored China’s growing influence in the sector, signaling a transformative phase for the construction machinery market. PSR
Jack Hao is Research Manager-China at Power Systems Research
Dalibor Sablic is Director, Business Development-Europe, at Power Systems Research -
2024 NA UTV Production
Download PDF
4-Wheeled ATV is short term for All Terrain Vehicle. It commonly has 4 wheels and is designed to be driven off road. It seats one person, or sometimes two, one in front of the other.
Product: Industrial Utility Vehicles These four-wheel gas, electric and diesel vehicles are used for a wide variety of applications such as moving people, equipment and supplies around a college campus, landscaping job or construction site. Most brands are zero-emission, high-performance, affordable, and low maintenance vehicles.
Product: Personnel Carriers These low speed, low cost passenger carts are perfect for shuttling people and cargo. These vehicles can comfortably and smoothly transport up to six people and their belongings. Standard features include headlights, brake lights, and taillights. The carriers are used on golf courses, in neighborhoods, on campuses, at airports and in industrial parks.Turf Utility Vehicles are specifically designed to meet the needs of sporting facilities such as golf courses and stadiums. They are commonly used for landscaping, heavy loading, dumping and transporting people or light material. Suppliers offer a wide variety of gas, electric or diesel utility vehicles. Vehicles can be customized with enclosed cabs, tool racks, dumpers and more for use on college campuses, parks, corporate campuses, apartment complexes.
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, for Power Systems Research
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PowerTALK™, November 2024
Download PDFA show report on the giant Fentran international cargo transportation event in Sao Paulo is featured in the November issue of PowerTALK News. The issue also includes alternate power news and information on the global PWC market as well as information on EV joint venture plans of Bosch and Jiangling. Read these articles and more in PowerTALK News.
IN THIS ISSUE
ALTERNATIVE POWER REPORT
- EV Battery Costs Will Drop To Key Level in 2026
- Trump Won–What Now for U.S. Clean Energy?
- Costs of Solid-State Batteries Expected To Drop as Pilot Production Begins
- Nevada Gets World’s First Lithium-Sulfer Battery Gigafactory
GLOBAL REPORT:
- Trucking Group Pushes for Delay of Emissions Mandate
- 2023 PWC Market Estimated at US$ 2.5 Billion
DATAPOINT: 2024 NA Combine Production
SHOW REPORT: Fentran International Road Cargo Transportation show
JAPAN: Greenhouse Gasses from Mining Equipment Are Targeted
Southeast ASIA: What Is the Asia Zero-Emission Community?
CHINA: Bosch and Jiangling Plan Joint EV Venture
INDIA: Ashok Leyland Expects Strong Export Performance -
MOVIMAT 2024 Highlights Electric Products
Download PDFSHOW REPORT
For more information on the OEM products market, visit OE Link, the Power Systems Research proprietary OEM products database.
The 35th MOVIMAT show brings together the entire integrated logistics chain for Latin America. Held in conjunction with the 2024 Fenatran International Road Cargo Transport Show in São Paulo, Brazil, the event attracted a diverse range of exhibitors, including buyers from industries such as distribution, wholesale, retail, and e-commerce, as well as the latest integrated solutions focused on Industry 4.0.
Over the five days of the fair, MOVIMAT provided an opportunity to explore new product launches, establish connections, and gain deeper insights into the forklift segment, particularly in terms of production and sales levels.
Notably, there was significant attention on the rapid growth of Lithium-Ion battery technology in the region. The South America Power Systems Research (PSR) team attended the event to learn more about these developments and the companies that are making them happen. PSR
Heitor Greco Aguiari is Analyst – Industrial and Off Highway at Power Systems Research
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