Timely Discussion of Industry News
PSR PowerTALK™ Podcast features experts from the global engine and powertrain industry discussing news and trends that affect operations worldwide. Power Systems Research (PSR) is the leading source of global production, forecast, and population data for equipment and vehicles powered by IC engines and electric and hybrid powertrains.
Where to listen:
The views expressed in our podcasts are those of the guests and their appearance on the program does not imply an endorsement by Power Systems Research of them or any entity they represent.
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Power Systems Research Forecasts 13% Rebound in Mining Equipment Production in 2021
Jim Downey talks with Sarah Jensen from OEM Off-Highway for their OEM Industry Update podcast. We present it here with their permission.
On this week’s episode of OEM Industry Update, we spoke with Jim Downey, Vice President-Global Data Products, Power Systems Research, about the current state of the North American mining equipment market. He says mining equipment production is expected to rebound 13% in 2021 and continue growing over the next 5 years.
Transcript
Welcome to the PSR PowerTALK podcast produced by Power Systems Research.
00:14 Sarah Jensen:
Welcome to OEM industry update. A weekly podcast examining the latest news and technology trends impacting product development teams in the heavy duty on and off-highway equipment industry.
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European Economic Outlook, April 2021
Christopher Bamforth
European Market Analyst
In this episode of PSR PowerTALK, Christopher Bamforth, European Market Analyst for Power Systems Research, comments on his outlook for the European economy.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:06 Emiliano Marzoli:
From Power Systems Research, hello, I am Emiliano Marzoli, editor of PSR PowerTALK. And today we’re going to discuss the economic outlook for Europe with Christopher Bamforth, our European Market Analyst.
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DATAPOINT: 2021 US ATV Production, 301,000 Units
301,000 units is the estimate by Power Systems Research of the number of ATVs to be produced in Mexico and the U.S. in 2021.
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 Industries leads in production four-wheeled ATVs in North America. In second and third positions are Honda and Yamaha Motor with 22% and 19%, respectively.
Exports: Up to45% of Mexico’s ATV production is exported worldwide. That compares to about 30% of the US production that is exported.
Trends: Production of ATVs decreased 18% in 2020 from the 337,700 units produced in 2019. Even though production is expected to increase in 2021 by about 9% over the 2020 production of 275,700 units, it will still trail 2019 production by more than 36,000 units.
The decrease in 2020 was caused by COVID-19, excess inventories, uncertain economic conditions and the growing popularity of side x side units (UTVs). Manufacturers have discontinued less popular models and continue to shift production to UTVs.
The outlook for ATV sales is positive. According to investor relations representatives at Polaris, Yamaha and Arctic Cat, consumer discretionary spending is on the increase and gasoline prices are favorable.
Production is expected to increase by as much as 10% by 2025, driven by positive economic factors, pent-up demand caused by COVID, and the introduction of innovative products and technologies, including a shift to electric vehicles. PSR
Carol Turner is Senior Analyst, Global Operations at Power Systems Research
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North American Economic Outlook – April 2021
In this episode of PSR PowerTALK, Yosyf Sheremeta, PhD, Dir. of Prod. Mgt. & Customer Experience, discusses why the North American economy could post record growth of more than 6% in 2021.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:06 Joe Delmont:
From Power systems Research I’m Joe Delmont, editor of PSR PowerTALK.
Today, we’ll discuss the economic outlook for North America. This forecast has been developed by Yosyf Sheremeta, Director of Product Management and Customer Experience at Power Systems Research. Yosyf provides our clients with economic and production forecasts each quarter. Thanks for joining us today Yosyf.
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Q4 2020 North American Gen-Set Outlook
The Q4 2020 PSR PowerTracker survey provides information on North American gen-set sales from manufacturers, consumers and retailers. Joe Zirnhelt, Power Systems Research, President and CEO, provides the analysis.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:06 Joe Zirnhelt:
From Power Systems Research, I am Joe Zirnhelt. In today’s PowerTALK podcast we will discuss results from the fourth quarter of 2020 based on our ongoing PowerTracker survey.
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DATAPOINT: Global Snowmobiles, 2021 Production, 107,250 Units
107,250 units is the estimate by Power Systems Research of the number of Snowmobiles to be produced in Canada, Finland, Italy, Japan, and the U.S. in 2021.
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, Bombardier Recreational Products (BRP) leads in production of Snowmobiles. In second position is Polaris Industries with 19%. Arctic Cat is third with 17%.
Trends: Production of snowmobiles decreased nearly 19% in 2020 from 2019. Despite the COVID-19 shutdowns at Arctic Cat/Textron and Polaris, production was back on track for the winter ’21 season.
Despite the COVID-19-related production problems, 2021 will see the best year-to-year growth in 25 years, according to the International Snowmobile Manufacturers Association (ISMA). Expect snowmobile production to gain 16% in 2021 over that of 2020.
The demand for snowmobiles is skyrocketing. Recreationalists are choosing snowmobiling as a new hobby since many other activities have been shut down by COVID-19 restrictions.
The decline in 2020 was attributed to the lack of snowfall in many key riding areas worldwide, especially during the months from January – March. Despite weather related issues, manufacturers introduced an array of new models that will entice buyers.
Even though consumers struggle with economic difficulties and fuel prices are unstable, it appears that when it snows, powersports enthusiasts still want to play. Expect production of snowmobiles to increase an additional 10% by 2025. PSR
Carol Turner, Senior Analyst, Global Operations
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Listen To New PSR PowerTALK Podcast
Now, you can listen to the leading analysts and editors from Power Systems Research discuss the outlook for powertrain news each Tuesday by region and by targeted industry segments on PSR PowerTALK Podcast.
PSR PowerTALK podcasts include Forecasts by PSR analysts, interviews by PSR analysts with industry leaders and production reports on specific applications produced by Carol Turner, Senior Analyst at Power Systems Research.
You can listen to the PowerTALK podcasts on your favorite podcast provider…
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North American Economic Outlook – March 2021
Yosyf Sheremeta, PhD, Dir. of Prod. Mgt. & Customer Experience, analyzes the North American economic outlook with special emphasis on the Administration’s efforts to control emissions.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:06 Jim Downey:
Good morning and welcome to this podcast by Power Systems Research. Today we’ll be discussing the North American market outlook for.2021. I’m Jim Downey, Vice President of Global Data Products here at Power Systems Research. I’m joined by my colleague, Yosyf Sheremeta, who is the Director of Product Management and Customer Experience.
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Power Systems Research Sees Strong Commercial Vehicle Demand Continuing
OEM Off-Highway recently interviewed Power Systems’ Chris Fisher for their OEM Industry Update podcast. Here we present it with their permission
This week on OEM Industry Update we speak with Chris Fisher, Senior Commercial Vehicle Analyst, Power Systems Research, about the current state of the North American commercial vehicle market. He says truck demand continues to be strong and is expected to remain so through 2022 and possibly even into 2023. Inventory stocking and solid growth in single family housing are among the factors positively impacting the market.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:13 Sarah Jensen:
Welcome to OEM Industry Update; a weekly podcast examining the latest news and technology trends impacting product development teams and the heavy-duty on and off highway equipment Industries. I’m Sarah Jensen, editor of OEM Off Highway and in this week’s episode I’ll be speaking with Chris Fisher, Senior Commercial Vehicle Analyst at Power Systems Research, about the current state of the North American commercial vehicle market. Let’s take a listen now:
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Brazil MHV Production Outlook Webinar, March 17, 2021, Sponsored by ABM
Carlos Briganti In this episode of the PSR PowerTALK™ podcast Carlos Briganti, Managing Director of the Power Systems Research South American operations, analyzes the outlook for MHV production in Brazil, with special emphasis on the trends away from diesel power.
He will be presenting this information in more detail during a webinar sponsored by the ABM on March 17, 2021. The webinar is sponsored by the Brazilian Association of Metallurgy, Materials and Mining (ABM). There is no charge for the ABM webinar.
You can register here for the webinar: https://www.abmbrasil.com.br/eng/inscricoes/difusao-digital/webinar-tendencias-tecnologicas-volumes-para-veiculos-comerciais
The ABM is a non-profit civil association whose objective is to bring together individuals and companies aiming collective actions that promote the development of people, technical and scientific evolution and innovation in processes, products and management in their areas of expertise. PSR
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research. Today Fabio Ferraresi, Director of Business Development, South America and Carlos Briganti, Managing Director, South America, will discuss the outlook for medium and heavy vehicles in Brazil.
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