Jim Downey

Vice President-Global Data Products, Power Systems Research.

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Off-Highway Equipment Markets Have Rebounded in 2021

Off-highway equipment production in 2021 is forecast to increase 9.5% compared to 2020, and 2022 production to be 12% higher than 2021.

More disposable income and time at home over the past year has lead to increased sales of lawn and garden equipment.

Current State of the U.S. Lawn & Garden Equipment Market

Sales of lawn and garden equipment are trending well in 2021, and expected to remain positive into the coming year.

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Second Quarter 2021 Power Systems Research Truck Production Index Climbs 193.5%

Except for China, all regions are expected to experience solid commercial vehicle demand growth this year and into 2022.

Power Systems Research forecasts a 13% rebound for the North American mining equipment market in 2021.

Better Times Ahead for North American Mining Equipment Market

Mining equipment production is forecast to rebound in 2021, and grow 3.8% through 2026.

Infrastructure funding is a silver lining for many in the construction equipment industry.

Heavy Equipment Markets are Down in 2020 and Hopes up for a Better 2021

Negative economic impacts from the COVID-19 pandemic have made 2020 a year to forget for most in the heavy equipment industries.