According to the recently released N.A. Commercial Vehicle On-Highway Engine OUTLOOK, published by ACT Research and Rhein Associates, discussion and investment to support new powertrains for and lower carbon emissions from commercial vehicle fleets continues. Additionally, the report mentioned the role of supply chains for current and future CV markets.
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.
When asked about commercial vehicle demand and supply chain challenges, Kenny Vieth, President and Senior Analyst at ACT Research, commented, “Medium-duty, heavy-duty and trailer backlogs are essentially filled through 2021 and well into 2022, with backlog-to-build ratios well above traditional ranges and inventories falling below traditional thresholds. As has been the case since the start of the year, supply-chain constraints, rather than fleet/consumer demand, are the primary driver of how many vehicles will be produced in 2021.”
Andrew Wrobel, Senior Powertrain Analyst at Rhein Associates, commented, “Despite numerous supply chain issues, companies are unlikely to re-shore to North America between now and 2025. Businesses are expected to return to the behavior of sourcing based on cost, not on business resiliency. However, specific to vehicle OEMs, with battery electric and fuel cell powertrains entering the market, new investment in production for critical parts like battery cells and packs could be sourced closer to production facilities.”
When asked about natural gas vehicles Wrobel commented, “Demand for natural gas-powered trucks has shown modest growth, with further slow growth anticipated.”
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, was published in early April, 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, click here.
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