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Market Analysis: Page 31
Engines
Cummins Moves 5 Leaders Into VP Roles
Cummins Inc.
The company has promoted Ricardo Roman, Michelle Probst, Gbile Adewunmi, Matt McQueen and Ashwath Ram to vice president positions across several key departments and business units.
Sponsored Content
Give Your Equipment—and Your Brand—an Edge with TyrFil™ Flatproofing
Carlisle Tyrfil
When zero downtime from flats, operator safety, and equipment performance matters, TyrFil delivers – more OEM approvals than any other brand.
Engineering & Manufacturing
Sherwin-Williams to Feature Duraspar IP Coating Technology at Work Truck Week 2024
Sherwin-Williams General Industrial
The product, designed to optimize the paint process for manufacturers on a variety of work trucks, is available in thousands of solid and metallic colors.
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.
Power Systems
Volvo Penta & Aiab Energy Expand Collaboration Into BESS Solution
Volvo Penta of America
As power generation company Aiab Energy diversifies its portfolio into battery energy storage systems (BESS), Volvo Penta is set to provide an optimized BESS subsystem for its future BESS solutions.
Fluid Power
Motion Enters Into Definitive Agreement to Purchase Two Fluid Power Companies
Motion
The company is set to expand its Canadian hydraulic/pneumatic footprint with the acquisition of the operating assets of Perfetto Manufacturing and SER Hydraulics.
Trends
JLG Introduces ES4046 Electric Scissor Lift
JLG Industries Inc.
The future-facing, application-driven design includes a zero turning radius which provides access to narrow aisles and tight overhead spaces.
Construction
Manitou Group Launches New MTA 519 Compact Telehandler
Manitou Group
The MTA 519's compact design makes it highly maneuverable in confined spaces, with a height of just 6 feet, 4 inches and a width of 5 feet 11 inches.
Industry News
Hitachi Construction Machinery Americas Expands With New Regional Headquarters
Hitachi Construction Machinery Co. Ltd.
The energy-efficient, adaptive-use facility will support customers and growth in the Americas and facilitate the development and production of new machinery.
Trends
John Deere Premieres Next Phase of P-Tier Dozers
Deere & Company
John Deere introduces the 950 P-Tier and 1050 P-Tier large dozer models, offering advanced visibility and safety features as part of the transition to P-Tier.
Construction
Deere, Leica Partner on Digital Construction
Deere & Company
The two companies will work together to develop products that improve productivity, reduce material costs and the number of passes required, which can help improve safety by minimizing traffic on construction sites.
Trends
For HD Hyundai, the Future Is in Xite
HD Hyundai
An exclusive glimpse into the company's vision and goals for construction jobsite transformation with XiteSolution President and CEO Youngcheul Cho and highlights from HD Hyundai's presence at CES 2024.
Trends
Mecalac Launches New Telescopic Wheel Loader for North American Market
Mecalac
The AT1050 telescopic loader balances the functionality of a rigid chassis front loader with the maneuverability of an articulated loader.
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