Equipment Market Outlook: Page 4

Mining
Epiroc Makes 4 Acquisitions in May 2024
Epiroc
The productivity and sustainability partner for the mining and construction industries has cultivated a steady steam of acquisitions aimed at developing and strengthening different areas of the business.
An illustration of ASI Mining’s solutions on a mine truck
Construction
Volvo CE Invests $40.5M in New Facilities
Volvo Construction Equipment
The investment in its plants in Changwon, South Korea, and Braås, Sweden, support the company's strategy to offer more sustainable solutions to its customers and meet its ambitious sustainability commitments.
Volvo Ce Inaugurates New Facilities To Accelerate Transformation Journey 1
Trends
Volvo CE Unveils 6 New Excavators
Volvo Construction Equipment
The initial launch includes multiple medium and large excavator models in North America — the ECR145 short swing, EC210, EC230, EC370, EC400 and EC500 crawler excavators.
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Engines
Volvo to Launch Hydrogen-Powered Trucks
Volvo Trucks North America
The company's on-road tests with trucks using hydrogen in combustion engines will begin in 2026, and the commercial launch is planned toward the end of this decade as part of its net zero goal.
Volvo will launch trucks with combustion engines that can run on green hydrogen. These trucks provide a significant step to decarbonize heavy transport.
Market Analysis
May 2024 Equipment Market Outlook
ITR Economics
This month's data indicates construction machinery new orders had a mild uptick in growth, coming in 12.5% above the year-ago level. The growth rate has been oscillating in the low double-digits for more than a year.
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Engines
Optimizing & Designing Engines for the Future
John Deere Power Systems
As construction navigates the adoption of new technologies and changes in regulations, OEMs are optimizing diesel engine architecture to support future technology innovations.
No aftertreatment means end users have one less fluid to manage.
Engines
Cummins & Isuzu Motors Limited Introduce New 6.7-Liter Engine
Cummins Inc.
The new 6.7-liter engine, jointly developed by the two companies, will power on-highway truck applications built for the Japanese market and will be available for the Asia Pacific markets and other global markets later this year.
Cummins Logo Signage Social (1)
Market Analysis
April 2024 Equipment Market Outlook
ITR Economics
Data suggests business confidence is improving, especially in the private nonresidential construction sector. However, borrowing conditions remain restrictive, signaling the further slowing of growth in construction ahead.
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Engineering & Manufacturing
Red Alert: Why Yanmar CE Dropped Its Yellow Livery
Yanmar Compact Equipment
As part of the company's shift in market approach, execs explain the strategy behind the brand's 2020 departure from conventional yellow machine livery to today's Premium Red.
Radiant In Red Pic
Market Analysis
February 2024 Equipment Market Outlook
ITR Economics
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.
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Market Analysis
January 2024 Equipment Market Outlook
ITR Economics
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.
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Market Analysis
December 2023 Equipment Market Outlook
ITR Economics
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.
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