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Market Analysis
Market Analysis
February 2024 Equipment Market Outlook
Data shows mining production in the U.S. was 4.9% higher in 2023 than in 2022, with annual production continuing to rise at a slowing pace. However, a weakening macroeconomy will reduce demand for mined raw materials in the quarters ahead.
Market Analysis
January 2024 Equipment Market Outlook
Market Analysis
December 2023 Equipment Market Outlook
Market Analysis
November 2023 Equipment Market Outlook
Market Analysis
October 2023 Equipment Market Outlook
Market Analysis
September 2023 Equipment Market Outlook
Recommended
Mining
Cummins Announces Field Testing of Mining Hybrid (Diesel-Battery) Truck Solution
The hybrid NHL NTH260, a 220 metric ton payload mining truck, rolled off the production line in January and is headed to Baiyun Iron Mine of Baogang Group, China, to begin field testing in March.
Suspension
Hendrickson Introduces First Drive Axle Suspension Featuring ZMD Technology
ROADMAAX Z, the company's lightest-weight 46,000-pound capacity rear air suspension system, is designed to provide on- and off-highway performance, ride quality and cargo protection for demanding applications.
Transmissions
Twin Disc, Inc. Signs Definitive Agreement to Acquire Katsa Oy
The purchase, expected to close in the first half of 2024, brings with it custom-designed gearboxes and power transmission components for industrial and marine end-markets for a broad range of end market applications.
Latest
Market Analysis
August 2023 Equipment Market Outlook
Economic data indicates an approaching low for the U.S. industrial sector. On the construction machinery front, struggles suggest weakness ahead for new orders, with equipment rentals likely growing in popularity relative to equipment purchases.
Emissions
Skanska Concludes Pilot Program of Volvo EC230 Electric
The goal of the trial of this zero-emission equipment was to test the capability of a battery-powered excavator to perform the necessary construction work, particularly in relation to its diesel-powered counterpart.
Drivetrains
On-Road vs. Off-Road: Analyzing Powertrain Electrification Differences
Understand the why and how behind the vastly different duty cycles, powertrains, pricing required to meet the equipment needs of each market.
Expert Columns
Get to Know the Industry's First Elevating Grader
The Historical Construction Equipment Association's Thomas Berry uncovers the 1854 origins of the machine that revolutionized excavation efficiency.
Engines
Cummins Moves 5 Leaders Into VP Roles
The company has promoted Ricardo Roman, Michelle Probst, Gbile Adewunmi, Matt McQueen and Ashwath Ram to vice president positions across several key departments and business units.
Engineering & Manufacturing
Sherwin-Williams to Feature Duraspar IP Coating Technology at Work Truck Week 2024
The product, designed to optimize the paint process for manufacturers on a variety of work trucks, is available in thousands of solid and metallic colors.
Fluid Power
Motion Enters Into Definitive Agreement to Purchase Two Fluid Power Companies
The company is set to expand its Canadian hydraulic/pneumatic footprint with the acquisition of the operating assets of Perfetto Manufacturing and SER Hydraulics.
Electrification
JLG Introduces ES4046 Electric Scissor Lift
The future-facing, application-driven design includes a zero turning radius which provides access to narrow aisles and tight overhead spaces.
Construction
Manitou Group Launches New MTA 519 Compact Telehandler
The MTA 519's compact design makes it highly maneuverable in confined spaces, with a height of just 6 feet, 4 inches and a width of 5 feet 11 inches.
Industry News
Hitachi Construction Machinery Americas Expands With New Regional Headquarters
The energy-efficient, adaptive-use facility will support customers and growth in the Americas and facilitate the development and production of new machinery.
Equipment Launches
John Deere Premieres Next Phase of P-Tier Dozers
John Deere introduces the 950 P-Tier and 1050 P-Tier large dozer models, offering advanced visibility and safety features as part of the transition to P-Tier.
Construction
Deere, Leica Partner on Digital Construction
The two companies will work together to develop products that improve productivity, reduce material costs and the number of passes required, which can help improve safety by minimizing traffic on construction sites.
Trends
For HD Hyundai, the Future Is in Xite
An exclusive glimpse into the company's vision and goals for construction jobsite transformation with XiteSolution President and CEO Youngcheul Cho and highlights from HD Hyundai's presence at CES 2024.
Industry News
Cummins Adds John H. Stone to Board of Directors
Currently serving as president and CEO at Allegion, Stone previously spent 20 years in various leadership positions at Deere & Company.
Trends
4 Major Factors Affecting Construction OEMs, Their Teams & the Markets They Serve
From people to power, needs and expectations, learn more about the forces currently shaping equipment manufacturing trends.
Equipment Launches
Yanmar CE Releases Compact Track Loaders in North America
The new offering is the culmination of four years of research and development following the company’s acquisition of a U.S. manufacturing facility and engineering team focused on compact track loaders.
Transmissions
Allison Transmission Launches New Venture Capital Arm
Allison Ventures to invest in early- and growth-stage companies to drive technology advancement across commercial-duty mobility and work solutions.
On-Highway
Maximizing Today’s ADAS System Performance
Dive into the capabilities of today’s advanced driver assistance systems in on-highway commercial vehicles.
On-Highway
Volvo Trucks North America Unveils Volvo VNL
Featuring next-gen enhancements and a fuel efficiency improvement of up to 10%, the new model is set to begin production at the Volvo Trucks New River Valley Plant in Dublin, Virginia.
Electronics
Epec Opens Smart Factory in Finland
The new smart electronics factory aims for carbon neutrality and uses responsible manufacturing processes, including electricity generation from more than 600 solar panels.
Market Analysis
January 2024 Equipment Market Outlook
While positive momentum in some areas, such as construction machinery orders, may suggest improvement, the potential for mild macroeconomic decline still looms for several areas of the economy.
Construction
Moog Launches ZQuip Modular Battery System
The modular energy solution is designed to convert diesel-powered construction fleets into zero-emissions machines that create all-electric jobsites.
Trends
Cummins, Daimler Truck, PACCAR to Produce Batteries in Mississippi
The 21-gigawatt hour (GWh) factory is expected to begin producing battery cells in 2027.
Smart Systems
HD Hyundai Teams Up With Google Cloud to Accelerate AI Innovation
The collaboration will introduce generative AI across Hyundai's core businesses, including its shipbuilding and construction machinery businesses in Korea.
Fuels & Fluids
Westport Appoints Dan Sceli as CEO
Dan Sceli joins Westport as incoming CEO, assuming the role from Tony Guglielmin, who has supported Westport's leadership team as interim CEO since August 2023.
Industry News
AGCO Names Viren Shah as Chief Digital & Information Officer
With more than 20 years of experience in IT, Shah will lead the development, design and implementation of the company’s digital vision and strategy, including IT and data analytics.
Engines
Cummins’ Rocky Mount Engine Plant Announces $580M Project
The investment will involve installing new equipment for the future of manufacturing and upgrading the assembly line as the company plans for zero emissions across its products.
Industry News
CNH Streamlines Senior Leadership Structure
Effective immediately, the company will reduce the size of the operational decision-making body responsible for driving the performance of CNH's businesses and executing strategic priorities.
On-Highway
Continental & Aurora Finalize Design of World’s First Scalable Autonomous Trucking System
The companies have finalized the design and architecture of the future fallback system and hardware of the Aurora Driver – an SAE Level 4 autonomous driving system – that Continental plans to start production of in 2027.
Drivetrains
Palmer Johnson Enterprises Acquires Continental Engines Inc.
The move signifies a step forward in Palmer Johnson's nationwide expansion and the diversification of its offerings within the off-highway equipment industry.