Equipment Market Outlook: Page 4

Market Analysis

February 2024 Equipment Market Outlook

Data shows mining production in the U.S. was 4.9% higher in 2023 than in 2022, with annual production continuing to rise at a slowing pace. However, a weakening macroeconomy will reduce demand for mined raw materials in the quarters ahead.

Adobe Stock 327849102

Market Analysis

January 2024 Equipment Market Outlook

While positive momentum in some areas, such as construction machinery orders, may suggest improvement, the potential for mild macroeconomic decline still looms for several areas of the economy.

Adobe Stock 414355364

Market Analysis

December 2023 Equipment Market Outlook

Data suggests there is potential to resume a pattern of near-term growth. However, experts warn this is unlikely given other factors, including declining corporate profits, elevated interest rates and softening consumer finances.

Adobe Stock 615003973 Resize

State of the Industry: Off-Highway Challenges & Opportunities

Get seven professional perspectives and predictions about what's shaping the 2024 OEM landscape.

Adobe Stock 250938892

Market Analysis

November 2023 Equipment Market Outlook

Annual new orders of construction machinery in the U.S. hit a record high, up 11.5% above the year-ago level. However, machinery production is moving lower from a tentative May 2023 peak.

Adobe Stock 212362020

AGCO to Acquire Trimble Ag Assets & Technologies Via Joint Venture

AGCO Corporation

The transaction creates a global mixed-fleet precision agriculture platform and enhances AGCO’s comprehensive technology offering around guidance, autonomy, precision spraying, connected farming, data management and sustainability.

Trimble President & CEO Rob Painter (left); AGCO Chairman, President & CEO Eric Hansotia (right).

Market Analysis

August 2023 Equipment Market Outlook

Economic data indicates an approaching low for the U.S. industrial sector. On the construction machinery front, struggles suggest weakness ahead for new orders, with equipment rentals likely growing in popularity relative to equipment purchases.

Adobe Stock 477426815

Market Analysis

Inside the Data: What's the Latest on US Construction Machinery New Orders?

Rentals may be on the rise as elevated interest rates and slowing economic activity hinder demand for construction and related machinery purchases in the coming quarters.

Adobe Stock 619447960

What to Expect from the Latest Vanguard Power Solutions at WOC

Briggs & Stratton (Vanguard)

Briggs and Stratton is coming to World of Concrete with a portfolio of power solutions including new ready-to-work electrification options.

Vehicle Body & Structure

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.

Bvap049 Ree 62f6693b96ffb

Bossard Group Reports Rise in Third Quarter Sales

Bossard North America Inc.

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%.

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.

Page 4 of 36