November 2021 Equipment Market Outlook

Slower growth trends are ahead, but heavy equipment demand is expected to remain positive in the coming quarters and into 2022.

November 1, 2021

Slower Growth Trends Likely in Coming Months

Slower Growth Trends Likely in Coming Months

Dave Haglund

Industry-leading economic firm ITR Economics provides these monthly heavy-duty equipment market trends to help OEMs stay up to date and gain more knowledge and insights to help them make better decisions.

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STW Technic Launches Online Training Academy

The digital platform seeks to empower OEM teams with comprehensive training programs that are effective, convenient, and affordable.

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iVT Expo 2024: Customized Technology for Electrified Transmission, Gearbox Technology

Tomi Dewes at Katsa by Twin Disc discusses several developments they are working on for on- and off-highway vehicles relating to gearboxes and electrical transmissions at iVT Expo 2024.

NEW PODCAST: MINExpo Live: More Than Meets the Eye

NEW PODCAST: MINExpo Live: More Than Meets the Eye

Behind the scenes from the trade show floor, including new products for underground and surface mining and the challenges of producing massive mining tires, with insights from MAXAM Tire's Matt Fagan.

Sectors like material handling and on-road commercial vehicles will see stronger recovery, with the latter forecast a CAGR of 3.6% from 2023 to 2029. Courtesy: Interact Analysis

Growth Expected For Mobile Hydraulics Market in 2025

The global mobile hydraulics market is expected grow in 2025 and off-highway vehicle electrification is playing a key role in reshaping the market.

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Grayson Thermal Systems Names Engineering Director

Grayson Thermal Systems named Brandon Waldron as its engineering director following a successful stint at Rolls-Royce.

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Hitachi Develops EH4000AC-5 Rigid Dump Truck

With a maximum speed of 65 kph, the EH4000AC-5 is equipped with a new feature that allows operators to select from three different driving modes (High Power Mode, Power Mode and Eco Mode).

Caterpillar’s dynamic energy transfer (DET) is a fully developed system designed to transfer energy to diesel-electric and battery-electric large mining trucks.

MINExpo Day 3: Moving the Big Things

Keeping operations moving in the mining industry requires giving companies the tools they need to make better and faster decisions in real-time.

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Solid-State Batteries Melding Li-ion Battery Manufacturing Equipment, Innovation

The significant breakthroughs in the solid-state battery field are being mainly driven by established liquid Li-ion battery manufacturers according to Interact Analysis research.

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Hitachi Industrial Names New President

Hitachi Industrial Equipment & Solutions America announced that Luis Torres has been appointed as President, effective Oct. 1, 2024.

Ludovic Revel.

Revel Named President Global OEM to Lead BKT Expansion

The new appointment is part of BKT's plans for growth and establishment as a major player in the global Original Equipment market for off-highway tires.

NEW PODCAST: MINExpo Live: More Than Meets the Eye

Behind the scenes from the trade show floor, including new products for underground and surface mining and the challenges of producing massive mining tires, with insights from MAXAM Tire's Matt Fagan.

Komatsu’s D475A surface mining dozer was one of many machines on display at MINExpo 2024.

MINExpo Day 1: Manufacturers Advocating Sustainability, Automation

MINExpo 2024 highlighted many products designed to improve sustainability and automation for mining operations.

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ABB Launches DP200 Crush+ Severe-Duty Motor at MINExpo

Designed to excel in the harshest environments, this advanced motor solution raises the standard for performance in crushers and other critical applications.

Liebherr and Fortescue announced a significant expansion of their partnership and unveiled the jointly developed autonomous battery-electric T 264 truck.

Liebherr Partners With Fortescue on Zero Emission Mining

The partnership includes jointly developed technology that paves the way for carbon-free mining and features 475 zero-emission Liebherr machines.

At MINExpo, Dana Inc., debuted a new certified remanufacturing program for Dana Spicer Off-Highway drivetrain components.

Dana Debuts Reman Program for Off-Highway Drivetrain Components

At MINExpo, Dana Inc., debuted a new certified remanufacturing program for Dana Spicer Off-Highway drivetrain components that extends equipment life cycles, supports sustainability initiatives, and improves ROI.

With an investment of $235.5 million, SHAP will produce the company’s first-ever battery-electric 2025 Ram 1500 REV light-duty truck.

Stellantis to Invest in Michigan EV, Hybrid Plants

Stellantis, parent company of Dodge and other brands, revealed it would invest more than $406 million in three facilities in Michigan to develop a platform that can be shared for both electric and hybrid vehicles.

The new haul trucks are designed for quarry, mining and aggregate applications.

Komatsu Unveils HD465-10 and HD605-10 Haul Trucks

The new haul trucks are designed for quarry, mining and aggregate applications.

Wallenius Wilhelmsen COO of Logistics Services John Felitto (l) and Senior Vice President of High & Heavy Services Americas Mike Rye (c) congratulate HD Hyundai XiteSolution President and CEO Young Cheul Cho on the opening of the new HD Hyundai North American Customization Center.

HD Hyundai Unveils North American Customization Center in Georgia

With the 93,000-square-foot plant customization plant, HD Hyundai Construction Equipment NA will be able to manage assembly work and modifications required by North American dealers and their customers.

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icotek Corp Announces Joshua Hall as COO

Hall's industry experience includes roles at companies such as HARTING, PR Electronics and most recently Hilscher North America.

Stellar gave us a run down of their fuel trailers, which are popular in the ag industry.

Stellar Serves Ag Industry With Fuel Trailers

We recently met up with Stellar and Jason Vertin, Stellar’s senior product manager for fuel and lube trailers, who showed us the company’s fuel trailers.

Representatives from Wallenius Wilhelmsen and leadership from HD Hyundai group / DEVELON celebrate the opening of the new customization plant in Brunswick, Georgia.

DEVELON Opens New Customization Plant

The new state-of-the-art facility -- 50% larger than the current Customization Plant in Savannah, Georgia -- offers enhanced production capabilities, a dedicated machine storage yard and an expanded indoor warehouse.

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OEM Off-Highway Names New Editor

Chris Vavra has been named editor of OEM Off-Highway, effective Sept. 16, taking over for Kathy Wells, who joined sister publication Equipment Today as its editor-in-chief in August.

DEUTZ Acquires Polish Service & Sales Company BTH FAST

BTH FAST is particularly active in the markets for mining machinery, industrial applications, railway technology and agricultural machinery, and also supplies DEUTZ engines for the use in military vehicles as part of the support for the Ukraine.

Fleet managers of on-highway vehicles — those in the transit, logistics and service sectors — are currently taking advantage of the latest automotive technologies to reduce vehicle-related costs and mitigate safety risks.

Insights From Advancements in the Auto Market

Learn how the construction industry can leverage artificial intelligence (AI) and machine learning to mitigate safety risks and streamline operations.

At its simplest, the HMI display is the bridge between the physical representation and the movement of the machine, and what the operator wants it to do.

HMI Displays of the Future: 6 Predictions for OEMs

Display technology is advancing at a rapid pace, but that doesn’t always translate into actionable improvements for heavy equipment manufacturers and their suppliers. We make some predictions on what you can expect to see — and how you can take the lead.

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Navigating the Emissions Roadmap

Understanding today’s developing regulations and what’s on the horizon for on- and off-highway OEMs.

Natural gas is one of several alternative propulsion technologies available from FPT Industrial. This eco-friendly fuel reduces pollutants to provide a significant improvement in air quality, while mitigating global warming with its reduced CO2 emissions.

FPT Industrial Produces 100,000th Natural Gas Engine

The 100,000th NG engine, an XCURSOR 13 NG model for the truck market, was produced at the brand’s state-of-the-art manufacturing plant in Bourbon-Lancy, France, home of its large engine manufacturing operations.