Jim DowneyJim Downey is Vice President-Global Data Products, Power Systems Research.From the AuthorMarket AnalysisQ1 2024 Truck Production Index Points to Modest DeclinePower Systems ResearchPower Systems Research's Truck Production Index suggests medium and heavy commercial vehicle production in many areas is expected to decline, while production in China, South America, Japan and Korea is expected to improve over last year.Market AnalysisTruck Production Index for Q1 2023Power Systems ResearchThe PSR-TPI decreased from 108 to 106, or -1.9%, for the three-month period ended March 31, 2023, compared to Q4 2022.Market AnalysisPower Systems Research Truck Production Index for Q4 2022Power Systems ResearchThe PSR-TPI measures truck production globally and across North America, China, Europe, South America, Japan and Korea, and emerging markets. Data comes from OE Link, a proprietary database maintained by Power Systems Research.Market AnalysisCommercial Truck Production Expected to Decline in 2022Power Systems ResearchThe second quarter 2022 PSR-TPI shows gains in truck production of 11.5%.AgricultureGlobal Agricultural Equipment Production Projected to be Positive Again in 2022Power Systems ResearchAgricultural equipment production ended 2021 above the previous year's levels in North America and around the world, and is forecast to increase in 2022 as well.Market AnalysisOff-Highway Equipment Markets Have Rebounded in 2021Power Systems ResearchOff-highway equipment production in 2021 is forecast to increase 9.5% compared to 2020, and 2022 production to be 12% higher than 2021.Forestry & LawnCurrent State of the U.S. Lawn & Garden Equipment MarketPower Systems ResearchSales of lawn and garden equipment are trending well in 2021, and expected to remain positive into the coming year.On-HighwaySecond Quarter 2021 Power Systems Research Truck Production Index Climbs 193.5%Power Systems ResearchExcept for China, all regions are expected to experience solid commercial vehicle demand growth this year and into 2022.MiningBetter Times Ahead for North American Mining Equipment MarketPower Systems ResearchMining equipment production is forecast to rebound in 2021, and grow 3.8% through 2026.Market AnalysisHeavy Equipment Markets are Down in 2020 and Hopes up for a Better 2021Power Systems ResearchNegative economic impacts from the COVID-19 pandemic have made 2020 a year to forget for most in the heavy equipment industries.Page 1 of 1
