According to the recently released N.A. Commercial Vehicle On-Highway Engine OUTLOOK, published by ACT Research and Rhein Associates, partnerships and investment to support new powertrains for and lower carbon emissions from commercial vehicle fleets, as well as engine efficiency, continue.
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 filled deep into 2022, with backlog-to-build ratios significantly 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, continue to be the primary drivers of commercial vehicle production for the foreseeable near-term.”
Andrew Wrobel, Senior Powertrain Analyst at Rhein Associates, commented, “Despite significant investment and product introduction, peak diesel is still more than five years out. OEMs are continuing to invest in engine technologies supporting cleaner and more efficient operation or looking to other sources for internal combustion engines.”
When asked about natural gas vehicles Wrobel commented, “Demand for natural gas vehicles is currently driven by specific vocations. If regulations change to encourage well-to-wheel emission reduction, more adoption would be expected.”
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 66th Seminar is scheduled for February 22-24, 2022. Focused on the continuous evolution and advancement of autonomous and powertrain technologies in the transportation and commercial vehicle markets, OUTLOOK Seminar 66 will feature key industry leaders from Ford, Transplace, and TuSimple, with more being added to the agenda. For information about OUTLOOK Seminar 66, as it becomes available, click here.
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.