According to the recently released N.A. Commercial Vehicle On-Highway Engine OUTLOOK, published by ACT Research and Rhein Associates, the Biden administration’s focus includes prioritizing investment in new low carbon technologies to strengthen US competitiveness, improve the nation’s air quality, and add good paying jobs in a growing economic segment. Additionally, the report noted that while the trucking industry might escape short-term focus, longer-term efforts, like infrastructure investment, will be good for truckers, particularly vocational trucks, and green initiatives will drive demand for zero-emission commercial vehicles.
The NA On-Highway Engine OUTLOOK published by ACT Research and Rhein Associates highlights power-source activity for commercial vehicle GVWs 5-8, including five-year forecasts of engines volumes and product trends. The Engine Outlook ties to the detailed NA CV vehicle forecasts published monthly by ACT in the NA Commercial Vehicle OUTLOOK. This report benefits businesses and manufacturers in the commercial vehicle engine production supply chain, and any company following the investment value of engine OEMs and their suppliers.
Kenny Vieth, President and Senior Analyst at ACT Research, noted, “The trucking industry has rebounded strongly, with spot freight rates at record highs and increased new truck order intake leading to strong industry outlooks for the medium and heavy-duty segments.” He added, “The year-long shift to more home deliveries because of COVID continues to influence the trucking industry, and these reduced-distance routes and increasing last mile deliveries are ideal candidates for alternative powertrain adoption.”
Andrew Wrobel, Senior Powertrain Analyst at Rhein Associates, commented, “In 2020, truck penetration peaked at just over 32% in a depressed Class 8 market. For smaller displacement engines, non-captive suppliers represented more than 90% market share.” He also noted, “Captive engines account for almost 70% of Class 8 tractor applications, where engines over 14L continue to increase share, ending 2020 around 55% share.”
When asked about alternative fuels, Wrobel commented, “Demand for natural gas-powered trucks has shown modest growth, with further slow growth anticipated, and despite the current pandemic, electric vehicle product development and new introductions continue.”
Rhein Associates is a leader in North American commercial vehicle and off-highway powertrain forecasting. Rhein Associates is renowned for providing the industry with accurate, thorough and relevant databases, analysis and insight, by analysts that are involved and connected in the industry. Our data covers both on-road commercial vehicle as well as the off-highway, marine, industrial, agricultural and electrification sectors. Rhein Associates publishes The Rhein Report ,providing weekly and monthly analysis of the market through news and analysis The powertrain forecast database covers OEM, Engine Model and Specifications from 2010 through 2030 for both on-highway and off-highway applications. More information can be found at http://www.rheinassociates.com/
ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasts for the North America and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. ACT Research executives have received peer recognition, including election to the Board of Directors of the National Association for Business Economics, appointment as Consulting Economist to the National Private Truck Council, and the 2019 Lawrence R. Klein Award for Blue Chip Economic Indicators’ Most Accurate Economic Forecast over a four-year period. ACT Research senior staff members have earned accolades including Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast, Wall Street Journal Top Economic Outlook, and USA Today Top 10 Economic Forecasters. More information can be found at www.actresearch.net.
ACT’s commercial electric vehicle study, Charging Forward: 2020-2024 BEV & FCEV Forecast & Analysis, is due to publish March 31, 2021, after months of extensive research. Utilizing industry expertise and analysis, as well as the input from a comprehensive list of key industry study participants, ACT Research has developed a critical guide for battery electric and fuel cell electric unit build and sales forecasts over the next two decades. With coverage of Classes 4-8 commercial vehicles, ACT has identified 14 market subsegments and more than 20 application types; this one-of-a-kind report is a must-have for those investing or investigating electric power opportunities. To learn more or to purchase this report, go to actresearch.net/cv-electrification-study-2021.
What’s coming next in 2021 and 2022? ACT’s 65th OUTLOOK Seminar is the planning event for your business needs. Mark your calendar for August 24-26, 2021 to gain market updates and forecasts from ACT’s award-winning, veteran team with more than 200 years of combined industry experience. Stay tuned for more information or click here for more details.
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