November 2021 Equipment Market Outlook

Slower growth trends are ahead, but heavy equipment demand is expected to remain positive in the coming quarters and into 2022.

November 1, 2021

Slower Growth Trends Likely in Coming Months

Slower Growth Trends Likely in Coming Months

Dave Haglund

Industry-leading economic firm ITR Economics provides these monthly heavy-duty equipment market trends to help OEMs stay up to date and gain more knowledge and insights to help them make better decisions.

The November 2021 outlook shows equipment demand remains strong, but indicators are showing slow growth is likely in the coming quarters. Despite this, demand is expected to remain positive.

Log in to view the full article

AGCO and TAFE Reach Agreement on Commercial Relationship

Nominations Now Closed for 2025 Top New Products Award

AGCO and TAFE Reach Agreement on Commercial Relationship

AGCO Corporation

The agreements resolve all matters related to the commercial relationship between AGCO and TAFE, as well as TAFE's shareholding in AGCO, ownership and use of the Massey Ferguson brand in India and certain other countries, and other key governance issues between the parties.

Screenshot 2025 07 10 142516

Nominations Now Closed for 2025 Top New Products Award

The award highlights the top technologies engineering teams look for when designing new equipment. This year's winners will be announced later this fall.

Oem Top New Products Resized

Fétis Group Launches Kinell Brand for Decarbonization and Automation

The company aims to offer an ecosystem of solutions to support the energy transition in off-highway machines and more.

Screenshot 2025 06 26 112950

The Evolution and Future of Fluid Power Technology

Bailey International

What began as simple systems to move loads with force has transformed into complex solutions engineered for precision, reliability and sustainability.

Bailey2021 0186

Kenworth Expands PACCAR TX-12 PRO Automated Transmission Availability for PACCAR MX-13 Engines

Kenworth Truck Company

The PACCAR TX-12 PRO is designed to optimize performance for both on and off-highway applications such as dump, plow, tankers and more.

54540645593 D646708ec2 K

Equipment Market Outlook

OEM Off-Highway Equipment Outlook: Heightened Confusion and Uncertainty

Issues impacting investment-making decisions point to caution in construction, agriculture and mining equipment manufacturing.

Adobe Stock 119884004

Allison Transmission to Acquire Dana's Off-Highway Business

Allison Transmission

The $2.7 billion deal expands Allison's range of commercial-duty powertrain and propulsion solutions, along with its global presence and technical expertise.

Allison Transmission Announces Acquisition Of Dana Off Highway Business

Hybrid System Architecture Considerations for Off-Road Equipment

Parker Hannifin Corp.

The right system design can create the most efficient interim solution until technology is viable to go fully electric.

Image 3. Example of a Fully Electric vs. Hybrid Electric Platform System Architecture

Hitachi Construction Machinery and TU Delft Partner on Mining Research

Hitachi Construction Machinery Co. Ltd.

Hitachi Construction Machinery Europe provides complex data to a Ph.D. student at TU Delft University who is developing a predictive maintenance model for mining dump trucks.

Screenshot 2025 06 16 100425

Volvo CE Announces Strategic Investment in Global Crawler Excavator Production

Volvo Construction Equipment

The move aims to strengthen and expand Volvo CE´s global crawler excavator footprint, meet growing customer demands, mitigate supply chain risks through localized production, and reduce reliance on long-distance logistics.

Investment

Maximizing Uptime With High-Quality Lubricants: Keeping Construction Equipment Running Efficiently

Shell Lubricants

Choosing the right lubricants and services related to the needs of vehicles and equipment can help to make a significant impact on a contractor's bottom line.

Adobe Stock 240811392

Batteries, Capacitors

Data-Driven Power: How Advanced Battery Management Systems and Connectivity Are Transforming Off-Highway Operations

Briggs & Stratton (Vanguard)

Explore how advanced battery management systems (BMS) and connectivity optimize the safety and performance of lithium-ion batteries in electric off-highway equipment.

Vanguard Pac 1 (1)

Page 1 of 1284