July 2022 Equipment Market Outlook

Indicators in several markets show that while growth is still slow, while several areas are seeing improvement. Download this FREE report to gain top industry information and insights in an easy-to-read infographic.

July 25, 2022

July 2022 Equipment Market Outlook

Industry-leading economic firm ITR Economics provides heavy-duty equipment market trends to help OEMs stay up to date on top industry information and insights which can help them make better decisions for the remainder of 2022.

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Amy Davis and Lori Ditoro following the interview

Exclusive: Amy Davis, Accelera President, Discusses the New Brand from Cummins at CONEXPO

During a press conference, Davis shared many of the brand’s products and talked afterward with OEM Off-Highway.

Oem Engine

Caterpillar Unveils the C13D Engine at CONEXPO

An engine that can run on vegetables and sense where it’s at? Cat has it! OEM Off-Highway Editor Lori Ditoro talks all things unique about the new Cat 13D engine.

The Moog Construction team and Editor Lori Ditoro during bauma 2022

Autonomous Excavator Operates on Moog/Gravis Technology

Autonomy software controls equipment with the touch of a finger.

Bobcat's S86 skid steer and T86 compact track loader are its largest loaders yet.

Bobcat to Debut New Skid Steer, CTL, Excavator and More at Bauma 2022

The Bobcat booth will be packed full of new equipment new technologies at Bauma 2022. Here's what you need to know.

Us Defense Capital Goods New Orders

US Defense Industry, New Orders

New Orders for defense capital goods. Measured in billions of dollars, NSA.

Us Constr Machinery New Orderss

US Construction Machinery, New Orders

New Orders for construction machinery in the U.S. Measured in billions of dollars, NSA.

Germany Industrial

Germany Industrial Production

Industrial production index for Germany. Index, 2010 =100, NSA. Includes manufacturing, mining and utilities.

Bvap049 Ree 62f6693b96ffb

Ree Automotive Launches Electric Class 3 Box Truck

The P7-B's full x-by-wire architecture supports all-wheel steer, all-wheel drive, adaptive regenerative breaking, creep control, hill start assist and torque vectoring (standard), as well as over-the-air updates.

Graphs Europe Agriculture Machinery Production

Europe Agriculture and Forestry Machinery Production

Production index for the manufacture of agricultural and forestry machinery in Europe (EU 28). 2015 = 100, calendar adjusted (CA).

Graphs China Large Diesel Bus Production

China Diesel Bus Production

Production of large buses with diesel engines in China. Large buses are typically 40-plus feet in length and have 35-plus seats. Source: CEIC/China Association of Automobile Manufacturers (CAAM). Measured in thousands of units, not seasonally adjusted.

Bossard Group Reports Rise in Third Quarter Sales

Bossard sales rose 4.8% on a year-over-year basis in the third quarter with sales in the Americas rising 13.3% and those in Europe 2.3%.

DTF graphic 57e490f6482aa

A Pivot from Clean Air to Efficiency

The Diesel Technology Forum (DTF) has studied and analyzed the perception and impacts of the VW situation on the diesel industry at large.

Bosch Mobility Division to Grow 5% in 2016

Bosch anticipates its Mobility division to grow 5% in 2016 due to expected growth within the industries it serves, and will be dedicating research and development efforts to mobility solutions for the heavy-duty vehicle sector.

Donaldson Reports Fourth Quarter and Full-Year 2016 Earnings

Donaldson reports a 1.8% decline in sales for the fourth quarter and 3.2% decline for full fiscal year 2016; the company anticipates between a 2% decline and 2% increase for fiscal year 2017.

Navistar Reports Third Quarter 2016 Results

For the third quarter, Navistar revenue was down 18% compared to a year ago due to softer industry conditions, particularly in the Class 8 truck market.

Deere & Co. Announces Lower Sales and Revenues for Third Quarter

Deere & Co. net sales and revenues decreased 11% in the third quarter due to weakness in global markets for farm and construction equipment.

Hexagon Composites Reports 20% Revenue Growth for Low-Pressure Cylinders in Second Quarter

Hexagon Composites says operating results for the second quarter were positively impacted by a 20% growth in revenue for the Low-Pressure Cylinders segment.

New Flyer Reports Second Quarter Results

New Flyer revenue increased 68.3% in the second quarter, which resulted in a 71.4% increase in deliveries compared to the same period in 2015.

Westport Fuel Systems Reports Second Quarter Financial Results

Consolidated revenue for the quarter was $44.4 million compared to $27.8 million last year due to the merger with Fuel Systems' and the addition of its revenues.

UQM Technologies First Quarter Revenue Grows 94% Over Prior Year

UQM President and CEO says first quarter results increased due to sales growth of the company's heavy-duty electric propulsion systems in North America.

Meritor Reports Third Quarter Fiscal 2016 Results

For its third quarter fiscal 2016, Meritor sales were down approximately 7% driven partially by lower production in the North American Class 8 truck market.

Titan Second Quarter Sales Down 12.2%

Titan reports sales for the second quarter were down 12.2% compared to last year, but the company is optimistic as certain segments begin to improve.

Trimble Second Quarter Revenue up 4%

Trimble reports its revenue for the second quarter rose 4% compared to the previous year, and anticipates continued growth through the rest of the year and into 2017.

Modine Reports Slight Increase for First Quarter Fiscal 2017

Modine's first quarter fiscal year 2017 results improved on a year-over-year basis due in part to strong sales in Europe.

Maxwell Reports Second Quarter Results

Maxwell President and CEO says second quarter results were as expected, and continued weakness in the China bus market will have further effects in the next quarter.

Cummins Reports Second Quarter Revenues Decreased 10%

Cummins' second quarter revenues decreased due to lower truck production in North America and weak global demand in the off-highway segment; full year revenues are expected to be down 8-10%.

MAN Improves Profit in First Half of 2016

MAN Group's operating profit increased 3.7% during the first half of 2016, aided primarily by improved sales in the MAN Truck & Bus business unit.