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.

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OEM Industry Summit Spring 2025

May 13, 2025

Join industry experts for three days of comprehensive learning, with sessions designed to highlight trends and address the top concerns of today's equipment design and engineering professionals.

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Solving Modern Engine Filtration Challenges

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What Proposed Tariffs Could Mean for American Manufacturing: Alexis Asks

Post-election, manufacturers big and small are examining president-elect Donald Trump's proposed tariffs with questions surrounding the impacts and how these plans might transpire.

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Fortress Acquires Texas Hydraulics

Fortress acquired Texas Hydraulics to help the company and its affiliates provide hydraulic solutions with growth capital.

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Telehandler Upgrade Meets Today’s Job Sites Demands

The JLG 519 Telehandler has been upgraded for greater productivity and enhanced serviceability to meet the demands of today's job sites.

NEW PODCAST: When the Tire Saves the Project

Phil Domm from MAXAM Tire talks about recent developments and innovations involving tires used in off-highway industries.

Cesar Perez-Bolivar, PhD., global vice president of engineering, at Grote Industries.

Grote Names Perez-Bolivar Global Vice President of Engineering

Grote Industries announces the promotion of Cesar Perez-Bolivar, PhD., to global vice president of engineering and will be responsible for designing, overseeing, and executing engineering processes.

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Motion Names Gonzalez Senior VP of Industry Segments, Business Development

Motion promoted Eric Gonzalez to senior vice president of their Mexico, Canada, Industry Segments and Business Development.

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Dembe Named VP of OEM Sales for OTR's Construction Segment

Dembe has been named VP of OEM Sales for OTR's company’s construction segment and will lead sales efforts and grow the company's OEM customer base.

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SketchUp 3D Modeling Software for the AEC Industry

Trimble's SketchUp 3D modeling software gives architects and designers more time for creative exploration and iteration.

Rogerio dos Santos

Rogerio dos Santos to Lead EMEAI Region for JLG

JLG Industries, Inc. named Rogerio dos Santos vice president of the EMEAI Region and Global Strategy/Mergers and Acquisitions for access equipment.

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North American Class 8 Net Orders Decline in October

FTR reports a 2% decline of Class 8 vehicles in October compared to last month, but it's still a double-digit increase YoY from the same period in 2023.

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Online Training Academy to Elevate OEM Capabilities

STW Technic announced the launch of its Online Training Academy, which offers more than 100 lessons tailored to meet the specific needs of OEM teams.

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How Digital Transformation Reshapes Payments for OEMs like General Motors

October 23, 2024

Cummins' QSK60 engines is part of the company's larger effort to support the mining industry during the energy transition.

Cummins' Bridge Technologies Closing the Gap in Mining Industry

Bridge technologies will play a key role in Cummins' agenda to help with the energy transition in the mining industry.

Nick Delihas (left) has been promoted to vice president of OEM Sales and hired Aaron Schwass as the vice president of the Aftermarket Group for Shaw Development

Shaw Development Announces Two Additions to Organization

Shaw Development LLC has promoted Nick Delihas has been promoted to vice president of OEM Sales and hired Aaron Schwass as the vice president of the Aftermarket Group.

Sectors like material handling and on-road commercial vehicles will see stronger recovery, with the latter forecast a CAGR of 3.6% from 2023 to 2029. Courtesy: Interact Analysis

Growth Expected For Mobile Hydraulics Market in 2025

The global mobile hydraulics market is expected grow in 2025 and off-highway vehicle electrification is playing a key role in reshaping the market.

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Grayson Thermal Systems Names Engineering Director

Grayson Thermal Systems named Brandon Waldron as its engineering director following a successful stint at Rolls-Royce.

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Hitachi Develops EH4000AC-5 Rigid Dump Truck

With a maximum speed of 65 kph, the EH4000AC-5 is equipped with a new feature that allows operators to select from three different driving modes (High Power Mode, Power Mode and Eco Mode).

Caterpillar’s dynamic energy transfer (DET) is a fully developed system designed to transfer energy to diesel-electric and battery-electric large mining trucks.

MINExpo Day 3: Moving the Big Things

Keeping operations moving in the mining industry requires giving companies the tools they need to make better and faster decisions in real-time.

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Solid-State Batteries Melding Li-ion Battery Manufacturing Equipment, Innovation

The significant breakthroughs in the solid-state battery field are being mainly driven by established liquid Li-ion battery manufacturers according to Interact Analysis research.

Luis Torres.

Hitachi Industrial Names New President

Hitachi Industrial Equipment & Solutions America announced that Luis Torres has been appointed as President, effective Oct. 1, 2024.

Ludovic Revel.

Revel Named President Global OEM to Lead BKT Expansion

The new appointment is part of BKT's plans for growth and establishment as a major player in the global Original Equipment market for off-highway tires.

NEW PODCAST: MINExpo Live: More Than Meets the Eye

Behind the scenes from the trade show floor, including new products for underground and surface mining and the challenges of producing massive mining tires, with insights from MAXAM Tire's Matt Fagan.

Komatsu’s D475A surface mining dozer was one of many machines on display at MINExpo 2024.

MINExpo Day 1: Manufacturers Advocating Sustainability, Automation

MINExpo 2024 highlighted many products designed to improve sustainability and automation for mining operations.

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ABB Launches DP200 Crush+ Severe-Duty Motor at MINExpo

Designed to excel in the harshest environments, this advanced motor solution raises the standard for performance in crushers and other critical applications.

Liebherr and Fortescue announced a significant expansion of their partnership and unveiled the jointly developed autonomous battery-electric T 264 truck.

Liebherr Partners With Fortescue on Zero Emission Mining

The partnership includes jointly developed technology that paves the way for carbon-free mining and features 475 zero-emission Liebherr machines.