Market Analysis: Page 125

Keestrack Enters Agriculture Equipment Market by Acquiring Goldoni

The acquisition will enable Keestrack to enter a new market segment and further grow in the construction market.

A Goldoni tractor feeding the Keestrack K3 scalper.

European Construction Equipment Sales Declined 6.4% in 2020

CECE - Committee for European Construction Equipment

CECE reports strong sales of compact equipment and increased demand in the fourth quarter helped prevent a further decline in 2020.

European construction equipment sales are expected to be up 5% in 2021.

DOE Announces Intent to Issue Three New Sustainable Transportation Funding Opportunities

The United States Department of Energy (DOE)

The funding opportunities include a third phase of the SuperTruck program as well as development of low GHG technologies for on- and off-road vehicles.

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OEM Industry News Briefs: Volvo CE Electric Wheel Loader Aids Snow and Ice Removal

A Volvo CE customer in Germany proved its electric wheel loader can perform in tough winter conditions, DEUTZ opens a new Power Center and more news highlights from the past week.

The zero emissions L25 Electric plays a key role in Cologne's winter service provision.

Westport Fuel Systems Completes Initial Startup and Testing of Hydrogen-Fueled Engine

Westport Fuel Systems Inc.

The company believes a hydrogen fueled internal combustion engine using its HPDI fuel system could provide emissions reduction benefits in many heavy vehicle applications.

Westport Fuel Systems believes its hydrogen engine could provide near-zero GHG emissions and much lower cost than fuel cell vehicles or battery electric vehicles, particularly for heavy-duty trucking and other high-load applications.

Market Analysis

Construction Sector Recovery will aid Mobile Crane Market Growth

Sales of mobile cranes will be dependent upon recovery of the global construction market which is looking positive in the long term.

Recovery in the global construction industry will improved sales of mobile cranes.

Cummins ISX12N+Endurant HD N Powertrain

The ISX12N+Endurant HD N is a fully integrated natural gas powertrain featuring a rating of 400 hp and 1,450 lb.-ft. torque.

New FEV Test Facility Provides Environmental Testing of Electric Powertrain Components

FEV North America Inc.

FEV's new eDLP features 15 stations which cover all common environmental tests, and offers virtual presentations of test findings.

At FEV's eDLP, 15 stations in approximately 27,000 sq-ft. cover all common environmental tests for high-voltage batteries, electronic and other vehicle components.

Taking a New Approach to Industry Events in the Age of COVID

While several events related to the heavy equipment and engineering industries have been postponed due safety concerns related to COVID-19, others are now being held virtually.

Industry events provide an opportunity to see and learn about the latest industry trends.

Global Off-Highway Engine Market to Grow 7% Through 2031

A new report from Fact.MR forecasts increased demand for off-highway engines will coincide with growth in infrastructure projects.

The off-highway engine market is forecast to grow 7% in the next 10 years.

10 Years of Innovation in the Heavy Equipment Industry

Great strides have been made in electrification, digitization, fuel efficiency and more by the heavy equipment industry, and it will be exciting to see what the next 10 years bring.

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CNH Industrial Invests in Electric, Autonomous Tractor Company

The partnership with Monarch Tractor will aid CNH's developments in electrification, automation and other advanced technologies for off-road equipment.

Monarch Tractor

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