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.

The July Outlook shows there are several markets that are still experiencing slow growth throughout 2022 with some markets being affected severely by the ongoing war in Ukraine. To see the FREE full report, download the July 2022 Equipment Market Outlook which provides detailed analysis of these latest global economic developments and forecasted trends in the market with easy-to-read infographics.

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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.

Terex Announces Second Quarter Results

Terex's second quarter results accounted for structural changes due to impending sales of two business units; the company anticipates full year sales to be on par with its previous guidance.

DENSO First Quarter Revenue 1.2% Lower Compared to Previous Year

Despite a growth in sales, DENSO's first quarter revenue decreased 1.2% due to exchange rates.

Scania Sales Reach All-Time High During First Half of 2016

Scania's sales rose 7% in the first half of 2016, reaching an all-time high, due to higher vehicle volumes in Europe and increased service revenue.

Allison Reports Second Quarter Results

For the second quarter, Allison reports a 7% decrease in sales compared to 2015 due to lower demand in the markets it serves including the on- and off-highway segments.

Timken Reports Second Quarter Results

Timken reports second-quarter sales were 7.5% lower than the same period last year due to weakness in most of the markets it serves.

CNH Reports Second Quarter Revenues Down 2.9%

CNH's revenues for the second quarter decreased compared to 2015; the agricultural and construction equipment segments saw declines while the commercial vehicles and powertrain segments reported sales increases.

Caterpillar Reports 16% Sales and Revenues Decrease for Second Quarter

CEO Doug Oberhelman says despite the current economic climate, the company is happy with its financial performance but remains cautions for the second half of the year.

Volvo Group Second Quarter Sales Decrease 7%

Volvo Group's second quarter sales decreased 7%, though the company was still able to continue improving its profitability.