DataPoint Reports

Equipment and Industry Segments Examined

DATAPOINT presents information on a specific Equipment Application and Industry
Segment each month prepared by Carol Turner, Power Systems Research Senior Analyst,
Global Operations. Industry trends and equipment specifications are provided.
Data comes from PSR proprietary databases, OE Link™ and
EnginLink™

  • DATAPOINT: NA ATVs, 2023 Production

    288,000 units is the estimate by Power Systems Research of the number of ATVs to be produced in North America in 2023.

    ATV is a 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.

    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 28% of total units produced, Polaris leads in the production of 4-wheeled ATVs in North America.  In second position and third position are Honda and Yamaha Motor with 22% and 18.5%, respectively.   PSR

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

  • DATAPOINT: NA Harvesters, 2023 Production

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    470 units is the estimate by Power Systems Research of the number of harvesters to be produced in North America in 2023.

    The combine harvester, often simply called a combine, is a machine that harvests grain crops. The name derives from its combining three separate operations comprising harvesting—reaping, threshing, and winnowing—into a single process.

    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 52% of total units produced, Deere leads in production of harvesters in North America.  In second position, with combined plant total, is Oxbo International with 25%; third, Flory with 10%.     PSR

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

  • DATAPOINT: NA Dumpers/Tenders, 2023 Production

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    1,790 units is the estimate by Power Systems Research of the number of Dumpers/Tenders to be produced in North America (United States and Canada) in 2023.

    A Dumper/Tender is a vehicle 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 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 66% of total units produced, Country Home Products leads in production of Dumpers/Tenders in North America. In second position is Allen Engineering with 18%; third, is Indy Equipment with 10%. 

    Electric (Battery) Data: Manufacturers continue to develop battery-powered equipment to replace units powered by diesel and gasoline powered internal combustion engines.

    2021:  103 battery-powered units

    2022:  108 battery-powered units

    2023:  132 battery-powered units

    From 2021-2023 production of Electric (Battery) powered units gained nearly 5%.  

    In 2023,  production is expected to gain 22%. 

    Trends: In 2022, production of Dumpers/Tenders in NA increased 9% over production volume in 2021.  Expect production to increase 7% in 2023 from that of 2022.  The increase is attributed to gains in the global economy along with the demand for new products for construction and mining related activities. 

    The decline in 2020 was attributed to product saturation in the market and somewhat related to COVID-19 shutdowns, despite the fact that consumers/contractors were still purchasing products. 

    To date, many manufacturers are having longer production lead times due to lack of parts from suppliers and staffing shortages. Dumper/Tenders, commonly referred to as a Power Buggy, are sought after pieces of equipment because they are much faster than a conventional wheelbarrow and their use accelerates job site related activities.  Expect production to increase an additional 5% by 2025.PSR

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

  • DATAPOINT: North America Terminal Tractors

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    Estimated 2022 Production: 3,800 Units

    3,800 units is the estimate by Power Systems Research of the number of Terminal Tractors to be produced in North America (United States) in 2022. Terminal Tractors are specialized heavy duty vehicles designed to move loads at container ports and container terminals. Generally, they are slow moving (under 30km/h) and employ a high torque diesel engine and 4×4 wheel drive which enables them to move very heavy trailer loads, sometimes up to 200 or 300 tons. PSR

  • China 2023 EV Sales To Grow To 8.4 Million Units

    CHINA REPORT
    Jack Hao
    Jack Hao

    The development trend for the new energy vehicle (EVs) market remained positive through 2022. In November, retail sales of new energy passenger vehicles reached 598,000 units, with a year-on-year growth of 58.2%. From January to November, the domestic retail sales of new energy passenger vehicles were 5.03 million units, with a year-on-year growth of 100.1%.

    As for December, the Passenger Transport Federation believes that the subsidy for new energy vehicles will decline by 12,600 RMB this year, which is much more than the decline of 5000 RMB in the previous two years. In addition, some vehicle enterprises have announced a price increase for next year, which may promote strong pre-buying of new energy vehicles at the end of the year and boost sales.

    This year, the new energy vehicle market is expected to achieve the annual sales of 6.5 million vehicles.

    Although the subsidy for new energy vehicles will be withdrawn at the end of this year, the exemption for the new energy vehicle purchase tax will continue next year.

    At the same time, the new energy vehicle market is still good under the effect of non-financial means, including the right of way. Cui Dongshu predicted that the sales volume of new energy vehicles in China would reach 8.4 million in 2023, with a year-on-year growth of more than 30%. “With a high penetration rate of 36% in November this year, the new energy vehicle market has entered a supermarket driven stage.

    Source: The Paper    Read The Article

    PSR Analysis: At present, new energy vehicles have entered the stage of accelerated growth, and the process of replacing fuel vehicles has been accelerated. Due to the expanded sales of new energy vehicles, unit costs also have been gradually reduced. At the same time, China has gradually canceled epidemic prevention and control measures, which has injected confidence into the car market again and is expected to boost sales.

    Presently, exports of Chinese independent brands to European and American markets and developing countries is accelerating. Sales of international brands to China’s base is increasingly, and this growth rate will remain strong for new energy vehicles.

    Car ownership in China has reached 315 million units and 223 units per 1000 people. Compared with 600 units per 1000 people in developed countries, China’s car market still has a lot of room for growth. The annual sales volume is expected to reach 40 to 50 million units in the future.

    Given the government’s dual carbon strategy, the trend of automobile market electrification seems to be irreversible, and new energy vehicles will gradually replace the stock of fuel vehicles.

    Second, maturity of the supply chain system of new energy vehicles will lead to a decline in the cost of new energy vehicles.

    Third, with the progress of electrification technology and intelligent technology, the product strength of new energy vehicles will be further improved, the energy supplement facilities will be gradually improved, and the appeal to consumers will be further enhanced. The market penetration rate of domestic new energy passenger vehicles will further increase, and it is expected to reach 46% and 54% in 2025 and 2029, respectively.   PSR

    Jack Hao Is Senior Research Manager-China, for Power Systems Research

  • DATAPOINT: North America Terminal Tractors

    Estimated 2022 Production: 3,800 Units

    3,800 units is the estimate by Power Systems Research of the number of Terminal Tractors to be produced in North America (United States) in 2023.

    Terminal Tractors are specialized heavy duty vehicles designed to move loads at container ports and container terminals. Generally, they are slow moving (under 30km/h) and employ a high torque diesel engine and 4×4 wheel drive which enables them to move very heavy trailer loads, sometimes up to 200 or 300 tons

    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.

    Exports: Collectively, up to 40% worldwide

    Market Share:  With 31% of total units produced, Tico leads in production of Terminal Tractors in North America.  In second position is Kalmar–Ottawa with 26%; third is Capacity Trucks with 19%. 

    Trends: In 2021, production of Terminal Tractors in North America increased nearly 16% over 2020 production.  Production is expected to gain another 22.5% in 2022.  Over the past few years, airlines have tightened expenditures and reduced purchases of Terminal Tractors.  This is accredited to the downfall of the industry with no leftover monies for new units due to tight or minimal budget constraints. 

    The production increases in 2021 and 2022 are the result of increased demand for new products that improve operational efficiency and reduce environmental impact. 

    2018 was an exceptional year in the North American Terminal Tractor industry. Hesitations of increase in prices from additional tariffs and trade wars made several customers bring forward orders, resulting in significant growth in sales for most manufacturers. Production is expected to remain steady with an additional increase of 10% by 2025.  PSR

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

  • DATAPOINT: North America Combines

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    Estimated 2022 Production: 7,400 Units

    7,400 units is the estimate by Power Systems Research of the number of Combines to be produced in North America (United States) in 2022.

  • DATAPOINT: North America Utility Vehicles, 2022 Production: 432,700 Units

    432,700 units is the estimate by Power Systems Research of the number of Utility Vehicles to be produced in North America (United States, Canada and Mexico) in 2022.

    Four-wheel off-road Utility Vehicles with side-by-side seating are designed to be used in a variety of recreational, industrial and military applications. When equipped with dumpers, they are commonly used for landscaping, dumping and transporting light materials. Vehicles can be customized with enclosed cabs, tool racks, dumpers and more for use on college campuses, parks, corporate campuses and airports. Suppliers offer a wide variety of gas, electric and diesel utility vehicles.

    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.

    Exports: Canada, up to 90%; Mexico, up to 85% for NA markets, and US, up to 40% worldwide.

    Market Share:  With a combined plant total of 28%, Mexico/US based Polaris leads in production of Utility Vehicles in North America.  In second position is Deere with a combined plant total of 12%; third is Kubota with 11%.

    Trends: In 2021, annual production of Utility Vehicles in North America increased 2% and production is expected to gain another 5% in 2022.  The Covid-19 pandemic fed the demand for Utility Vehicles in recreational, industrial and military applications known as the “Pandemic Paradox” (sales surged during lockdowns). The popularity of outdoor activities increased during the lockdowns as people gravitated to the outdoors and away from indoor group activities. 

    The increases also were driven by low unemployment, demand for products in the golf industry, federal government incentives and the desire for new equipment/greener technology especially within the sport and utility sectors. 

    Side-by-Side units, also referred to as Utility Task Vehicle (UTV) models continue to grow in popularity and are edging out ATVs for preference because of their convenience and increased capacity. Most UTVs can accommodate up to six passengers and are primarily designed for off-road use.  Production is expected to increase up to 5% by 2025.  PSR

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

  • DataPoint: North America Skid Steer Loaders, 2022 Production, 92,700 Units

    A Skid Steer Loader, also known as a skid loader, skid-steer loader, or skid steer, is a small rigid frame, engine-powered machine with lift arms used to attach a wide variety of labor-saving tools or attachments.

    The four major types of skid steer loaders are Agricultural, 29%; Rental Fleets,  22%; Construction, 20%, and Landscape, 12%.

    92,700 units is the estimate by Power Systems Research of the number of Skid Steer Loaders to be produced in North America (United States and Canada) in 2022.

    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.

    Exports: Collectively, up to 25% worldwide

    Market Share:  With 33.5% of total units produced Bobcat leads in production of Skid Steer Loaders in North America.  In second and third positions are Case New Holland and Deere with 21.5% and 15.5%, respectively.

    Trends: In 2021, production of skid steer loaders in North America increased nearly 4% YoY.  Production is expected to gain another 4.5% in 2022.   The 2020 decline was mostly attributed to COVID-19 related factors along with new equipment saturation in the market and a slight drop in construction related activities. 

    The recent gains are attributed to the need for new construction equipment and the overall stabilization of the economy, especially in the construction industry.   As the construction industry continues to recover, construction will continue to be a key driver in overall industry growth. 

    Sales are reduced by sluggish demand in the American agriculture industry (still battling soft commodity prices) that accounts for 29% of all skid steer usage in the market today.  Expect production of skid steer loaders in NA to increase up to 7% over the next 3-5 years. PSR

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

  • DATAPOINT: NA Crawlers, 2022 Production: 4,100 Units

    Crawlers come in one of three versions: Dozers, Loaders, and Excavators. Crawler Dozers are heavy, driver-operated machines used for clearing and grading land. Usually, they have continuous treads and a broad hydraulic blade in front.

    A Crawler Loader is a piece of mobile construction equipment used to load materials; it’s used primarily in tough, off-road terrain. It’s similar to a wheel loader, except it has treads instead of wheels.

    A Crawler Excavator is a self-propelled crawler mounted on heavy equipment that is designed to dig or move large objects. The main function of a Crawler Excavator is to dig holes or trenches for construction related activities.

    4,100 units is the estimate by Power Systems Research of the number of Crawlers to be produced in North America (United States and Mexico) in 2022.

    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.

    Exports: Collectively, up to 30% worldwide

    Market Share:  With combined plant totals of 52%, Cat leads in production of Crawlers in North America. In second place is Deere with 30.5%, and third is Case, with 11%.

    Trends: In 2021, production of Crawlers in North America (US) decreased 4.8%. However, production is expected to gain near 3% in 2022, compared to 2021.  The carryover decline into 2021 was mostly due to COVID-19 related factors such as plant shutdowns, parts availability and lack of workforce.

    The market significantly dropped during the Spring of 2021, caused by low oil prices and a lull in mining and construction projects. 

    A few years ago, construction spending in the United States was above normal yearly levels, according to a new analysis of federal data released by the Associated General Contractors of America.  Construction and mining activities increased resulting in a substantial gain for 2018.

    Recent decreases in production are attributed to several trends: public sector construction activity continues to decline while private sector demand for new construction continues to strengthen.

    Even though sales dropped considerably in 2020 and 2021, production is expected to gain up to 15% by 2025, primarily influenced by the outlook for construction, driven by infrastructure spending, and mining related activities.     PSR

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

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