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™
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DATAPOINT: US Lawn & Garden Tractors, 2020 Forecast: 681,500 Units
681,500 units is the estimate by Power Systems Research of the number of Lawn & Garden Tractors to be produced in the United States in 2020.
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 38% of total units produced, Husqvarna leads in production of Lawn & Garden Tractors in North America. In second position, with combined plant totals, is MTD with 33%; third, also with combined plant totals, is Deere & Co. with 24%.
Exports: Up to 25% worldwide.
Trends: In 2019, production of Lawn & Garden Tractors in North America (US) increased nearly 8%, but production is expected to drop 16% in 2020. The gain in 2019 was the result of increased demand for new fuel-efficient models combined with the demand for new equipment. Latest models offer a variety of features for home buyers based on yard size (acreage). Entry-level lawn riders are suited for 1.5 acres or less and usually have 1-cylinder engines.
Mid-grade riders have twin cylinder engines with high HP’s that work well in large cutting areas. The forecasted decline is caused by the temporary lull in production of the Craftsman line along with unfavorable mowing conditions (wet spring) and the saturation of new products in the market.
COVID-19 may play a factor in the manufacturing decrease because of plant shutdowns, however production can easily ramp up to meet demand for these seasonal items. Production is expected increase up to 5% by 2025; lifespan of this product is about 10 years. PSR
Carol Turner Is Senior Analyst, Global Operations, Power Systems Research
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DataPoint: 2020 Production Estimate, NA Skid Steer Loaders
105,900 units is the estimate by Power Systems Research of the number of Skid Steer Loaders to be produced in North America (Canada and the United States) in 2020.
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 35% 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 Caterpillar with 22.5% and 14.5%, respectively.
Exports: Collectively, up to 30% worldwide.
Trends: Production of skid steer loaders in North America increased 3% in 2019 over 2018. Prior to the COVID-19 pandemic, production was expected to remain flat with a nominal decrease of ½% in 2020. This decline will be more severe with plant shutdowns etc., due to current virus concerns. Overall, loader production could plummet up to 40% this year.
As the construction industry recovers, construction will continue to be a key driver in overall industry growth. Flat sales can be attributed to the American agriculture industry that is sluggish (still battling commodity prices) that accounts for 29% of all skid steer usage in the market today. Expect production of Skid Steer Loaders in North America to increase up to 5% over the next 3-5 years. PSR
Carol Turner is Senior Analyst, Global Operations
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2020 Wheel Loaders/Dozers Production Forecast: 20,200
This is the estimate by Power Systems Research of the number of Wheel Loaders to be produced in the United States in 2020.
Carol Turner 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 47%, Caterpillar leads in production of Wheel Loaders/Dozers in the United States. In second position is Deere with 22%. Third, is Case New Holland with 8%.
Exports: Collectively, up to 35% worldwide
Trends: In 2018, production of Wheel Loaders/Dozers in the United States increased 3.3% over 2017. The increase in 2018 is attributed to record mining related activities that is also the prime reason for the 2019 decline. Production in 2019 dropped 3.6% from 2018. The decline also is attributed to Tier 4 engine regulations and new machine designs that significantly increased machine cost. To offset this increase, new products deliver greater production and improved profits.
The machines are designed to carry an array of materials for construction, industrial and mining applications. Production is expected to fluctuate over the next 3-5 years based on global economic factors and conditions; we could see a gain up to 5%. PSR
Carol Turner is Senior Analyst, Global Operations, for Power Systems Research.
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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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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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US Combines
2019 US Production Forecast to Climb 2%
6800 Units
This information originally appeared in the July 2019 issue of PowerTALK.
By Carol Turner, Senior Analyst, Global Operations
This is the estimate by Power Systems Research of the number of Combines that will be produced in the United States during 2019. Estimated 2019 production will be up nearly 2% from 2018.
In 2018, production was 6846 units, down 485 units or 6.6% 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.
Carol Turner Market Share: With 60% of the total units produced, John Deere captured the lead for Combine production in North American. In second position is Case & New Holland branded combines/harvesters with 29%.
Exports: Collectively up to 60% worldwide
Trends: In 2019, production is forecasted to remain flat from 2018 with a nominal gain of ½%. In recent years, demand for new equipment has dropped significantly. Farmers have been reluctant to buy or trade in pricey equipment because of lower commodity prices.
In 2017, production and purchases of new combines rebounded as portrayed with the gain in overall production figures. The gain can be attributed to an increase in commodity prices such as corn and soybeans.
Expect production to remain flat possibly with a small gain up to 2025. PSR
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