DATAPOINT: 2022 North America Production Estimate, Harvesters 460 Units

News: North America

2022-02-20

DATAPOINT: 2022 North America Production Estimate, Harvesters 460 Units

460 units is the estimate by Power Systems Research of the number of agricultural harvesters to be produced in the U.S. during 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.

Market Share:  With 48.5% of total units produced, Deere leads in production of Harvesters in the U.S.  In second position is Oxbo International’s combined plant totals of 24%; third, is Flory with 10.5%. 

Exports: Collectively, up to 1% worldwide.

Trends: In 2021, production of Harvesters in NA increased 13%.  Production is expected to gain another 3% in 2022.  The Ag industry has fluctuated in recent years and demand for new products declined a few years ago due to falling commodity prices.  Farmers couldn’t afford new equipment and spent years refurbishing existing units.

Currently, it appears that growers are moving from hand to machine harvesting.  They are increasingly using over-the-row mechanical harvesters to pick produce and like commodities.  Especially during COVID times, this type of machinery reduces the need for manual labor during labor shortages.  The increase in harvester production is also attributed to the desire for new machinery that increases productivity and profitability. 

Expect production to fluctuate over the next 3-5 years with an increase of 5% by 2025.   PSR

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

North American Economy Should Be Strong in 2022 But Grow at Slower Pace

Yosyf Sheremeta
Yosyf Sheremeta

SUMMARY.  2021 was a year of big hopes for economic recovery and pandemic management, and, overall, the economic rebound was strong.  Looking at the state of the economy in general, and the key economic indicators such as GDP, interest rates, employment levels, etc., the North America market finished the year on a very high note. At the same time, development of new pandemic variants as well as ongoing issues with supply chains have led to manufacturing issues.

The second half of 2021 brought steady economic activities and strong economic recovery.  Despite this strong performance, many existing and new challenges were seen.  Problems from pandemic-related supply chain disruptions, logistics backlogs, and semiconductor shortages to new virus variations and labor market issues have contributed to slower growth in Q4 2021 than during the first half of last year. 

Let’s break it down.  The “Great Resignation” means companies must make themselves more attractive to new hires, and it provides those workers who remain more leverage to change corporate cultures from the inside.

With help of government support and targeted fiscal policies, the US economy showed a strong comeback in 2021.  Furthermore, the growth trajectory is well positioned to continue to expand into the next few years, however, at much slower pace, than in 2021. 

At the same time, there are many reasons for us to be optimistic about this trend.  Our positive outlook is based on the reviews of key economic indicators, including GDP, unemployment, and inflation.  In our previous forecasts, we discussed recovery trends for the post-pandemic period, and called for a return of demand for most markets in 2021.   Last year, we witnessed a strong level of activities and an economic  rebound for

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2022-01-22

North American Rollers 2021 Production: 6,245 Units

DATAPOINT

6,245 units is the estimate by Power Systems Research of the number of rollers to be produced in North America (U.S., Canada and Mexico)  during 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 48.5% of total units produced, U.S. based Wacker Neuson leads in production of Rollers in North America.  In second position is Caterpillar’s combined plant totals of 21%; third, is Volvo Construction with 15.5%. 

Export: Collectively, up to 50% worldwide.

Trends: In 2020, production of Rollers in North America dropped 31.5%, but production is expected to rebound 16% in 2021 over 2020.  The decline in 2020 is solely based on COVID-19 related factors that impacted the global supply chain.  There are material shortages (parts/supplies), shipping issues (moving goods is slow paced), material prices increased and workforce matters (due to company shutdowns or can’t find workers).

With supply chain problems gradually being resolved, the 2021 increase is also attributed to the launching and demand for new, more versatile products, along with the stabilization of the overall economy, mostly regarding the housing/construction markets.  The demand for rental machinery is also on the rise.  

Many new models are boasting increased fuel efficiency that are desirable to operate.  Tandem drum vibratory rollers account for nearly half of all compactors produced and sold each year that range from 5-8 metric tons.  Expect the production of rollers in NA to increase an additional 10% by 2025.   PSR

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

2021-12-19

UAZ Patriot SUV Collects US$ 3.8 Million in Pre-orders in USA

Maxim Sakov
Maxim Sakov

The North-American premiere of the UAZ Patriot SUV took place recently at the Los Angeles international Autosalon. The exclusive importer of the vehicle is Bremach Inc., a California company.  The Russian car has its own name, Bremach 4×4. The name Taos, announced earlier, was rejected to avoid the conflict with Volkswagen, which has had a product with this name since 2020.

The Patriot was introduced in two  versions–standard and off-road extreme. Both models are equipped with 2.7 gasoline engine ZMZ Pro of 149 hp and a six-gear automatic transmission Punch Powerglide 6L50, connected all-wheel drive. Standard version costs US$ 26,405 in USA.

According to Bremach, in the first 24 hours after the introduction, they received deposits totaling US$ 3.8 million. How many cars were ordered, was not disclosed, but the minimum deposit is US$ 100.

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DATAPOINT: North American Golf Cars 2021 Production: 56,200 Units

56,200 units is the estimate by Power Systems Research of the number of golf cars to be produced in North America  during 2021. In this report, we consider North America to be the United States.

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 42% of total units produced, Yamaha Motor leads in production of gas-powered Golf Cars in the United States.  In second position is Textron (EZGO) with 32%; third, is Club car with 26%.

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2021-11-21

VinFast Launches Two EVs, Announces US HQ and Manufacturing Plant

Akihiro Komuro
Akihiro Komuro

VinFast has selected Los Angeles as its US headquarters and recently shared plans to begin manufacturing in the U.S. in 2024. VinFast is the automotive manufacturing subsidiary of VinGroup, a Vietnamese conglomerate that develops everything from real estate to technology and healthcare. The VinFast subsidiary was founded in 2017.

VinFast is working to deliver its flagship EV, the VF e34, later this year in Vietnam. When that happens, it will be the first-ever EV sold in the entire Vietnamese market.

Last month, we reported that VinFast was ambitiously entering markets overseas, beginning with the US, Canada, and Europe at the same time.

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2021-11-09

DATAPOINT: 2021 NA Production of Tractors

101,500 units is the estimate by Power Systems Research of the number of tractors to be produced in North America  during 2021. In this report, we consider North America to include Canada, Mexico and the United States.

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 75% Deere leads in production of AG tractors in North America with about 63,200 units. In second position is Kubota (8,000 units) with 9.5%. Third is Case with about 8%.

Worldwide Distribution: Canada exports about 75% of its North American Ag Tractor production, Mexico, about 60%, and the United States, up to 45% of its total production.

Trends: In 2020, production of Ag tractors in North America decreased nearly 24% to only 84,600 units.  Production is expected to rebound 20% in 2021 to more than 101,500 units.  COVID-19 related factors played a role in the decline last year, especially for parts availability and equipment inventory levels. Expect production to increase 10% by 2025.      PSR

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

2021-11-03

North America Economic Outlook – November 2021

Yosyf Sheremeta, PhD, Director of Product Management and Customer Experience, takes a look at what’s in store for the industry segments we follow for the rest of 2021 and beyond.

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 talk with Yosyf Sheremeta about the economic outlook for North America.

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2021-10-26

DATAPOINT: 2021 North America Combines

Today Joe Delmont presents the 2021 forecast for Combine production in North America. This forecast has been developed by Carol Turner, Senior Analyst of Global Operations at Power Systems Research. Carol provides annual production forecasts for important equipment applications.

Transcript

Welcome to the PSR PowerTALK podcast produced by Power Systems Research.

00:06

From Power Systems Research, I’m Joe Delmont, editor of PSR PowerTALK.

Today we’ll discuss a data point covering 2021 North American production of combines. When we talk about North America in this podcast, we mean the United States only.

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