Market Analysis: Page 187

Market Analysis

COVID-19 and the Heavy Equipment Industry

The global outbreak of coronavirus has brought about many changes for heavy equipment OEMs and the industry as a whole.

Although construction work continues in some parts of the world, equipment sales will likely be negatively impacted in the near term due to coronavirus.

Agricultural Robots and AI: A Question of When and Not If

IDTechEx's latest report indicates the use of robots and artificial intelligence will continue to grow in the agricultural industry.

Yanmar is collaborating with 10 industry partners to develop a modular robotic platform that employs the latest information communications technology to examine crops and soils.

Epiroc Receives Large Mining Equipment and Service Order in Chile

Epiroc will provide underground loaders, face drill rigs, rock bolting rigs and mine trucks, as well as several years of technical support and training for use at the Chuquicamata underground mine project.

Epiroc's Minetruck MT65 is part of the order by Codelco.

COVID-19 Impact on Trucking Industry Most Severe Now, Potential for Recovery Emerging

Americas Commercial Transportation Research Co. LLC/ACT Research

ACT Research's latest report indicates the slowdown that hit freight in April is expected to continue into June, but there is optimism for recovery to begin in the third and fourth quarters of 2020.

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New Cat MH3040 Material Handler Features 12% Faster Swing Time

Caterpillar Inc.

The MH3040 material handler's 12% faster swing speed allows operators to move more material in the same amount of time.

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New DT12 Transmission Series and Redesigned DD15 Gen 5 Engine Offer Improved Fuel Efficiency

Detroit Diesel Corporation (Detroit)

Detroit's new series of DT12 transmission enable downspeeding capabilities for improved fuel efficiency while the updated DD15 engine features up to 50% new componentry to provide performance enhancements.

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Automated Systems

RCT Enters Technology Partnership with Haein Corporation

Remote Control Technologies Pty Ltd. (RCT)

RCT will manufacture and supply its suite of autonomous technology solutions which Haein will provide to heavy industries in South Korea including mining and construction.

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Hendrickson Suspension to be Utilized on Air Transportable ARFF Vehicle for U.S. Air Force

Hendrickson International

Hendrickson’s Long Travel Trailing Arm Suspension allows a variety of packaging, ride heights, ride tuning and stability requirements for a fully customizable design.

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Commercial Vehicle Registrations in Europe are Down 34.5% in 2020

European Automobile Manufacturers Association (ACEA)

ACEA reports commercial vehicle registrations in the EU declined 67.0% in April, and are down 34.5% for the first four months of the year.

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TORSUS Heavy-Duty Off-Road Bus Wins Red Dot Design Award

Red Dot Corporation

The TORSUS PRAETORIAN off-road bus is based on an upgraded heavy-duty MAN chassis and is powered by MAN engines and drivetrain and capable of traveling over any type of terrain.

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India's Construction Industry Projected to Contract 1.7%

GlobalData reports India's construction industry will be negatively impacted in 2020 due in part to shutdowns caused by COVID-19.

The construction industry in India will be negatively impacted in 2020 due in part to shutdowns caused by COVID-19.

HED Expands Telematics 4G LTE into Europe and Australia

HED has expanded its Telematics 4G LTE cellular service, enabling connectivity between fleets across North America, Europe and Australia.

HED's CANect Telematics solution will now be able to connect fleets across North America, Europe and Australia.

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