Equipment Sector

Cutting Tool Consumption Rises 10.1% in 2018

May U.S. cutting tool consumption totaled $215.13 million according to the U.S. Cutting Tool Institute and the Association For Manufacturing Technology. read more

Class 8 Truck Market at High Profitability, Challenges Loom Due to Trump Foreign Policy

According to ResearchAndMarkets, the breakout of a U.S. initiated trade war and Donald Trump's likely exit from NAFTA could derail global economic recovery and create difficulties for the trucking industry, which is currently experiencing high capacity utilization and profitability. read more

AMT: May YTD Machine Tool Orders Up 26%

U.S. manufacturing technology orders totaled $485 million in May, bringing the year-to-date total to $2.1 billion, which was 26% higher than the first five months of 2017. read more

ACT Research: Class 8 Orders Exceed 40,000 Units Again in June

Preliminary North America Class 8 net order data from ACT Research revealed that the industry booked 42,200 units in June, exceeding 40,000 units for the fourth time in six months. read more

Global Mining Equipment Market to Grow 6.5% by 2025

The global mining equipment market size is expected to reach $128.39 billion and register a CAGR of 6.5% by 2025 according to a new report by Grand View Research. read more

ACT Research: Total U.S. Trailer Net Orders Rise 27% Y/Y in May

According to ACT Research, U.S. trailer net orders rose 27% on a year-over-year basis in May. read more

ACT: Used Truck Prices Strong in May, Equipment Supply Remains Tight

Used truck sales volumes rose 12% on a year-to-date basis compared to the same period in 2017, according to ACT Research. read more

Penske, NFI Partner for Freightliner Electric Innovation Fleet

Daimler Trucks North America announced that Penske Truck Leasing and NFI agreed to partner in operating the Freightliner Electric Innovation Fleet of eCascadia heavy-duty trucks and eM2 106 medium-duty trucks. read more

Commercial Vehicle Fleet Management System Market to Grow 14.45%

A report from ResearchAndMarkets predicts the commercial vehicle fleet management system market will grow at a CAGR of 14.45% from 2018 to 2022. read more

ACT Research: May’s Class 8 Orders Continue Above-Capacity Trend

ACT Research reported that North American Class 8 net orders totaled 35,608 units in May. read more

Global Farm Tractors Market to Grow 5.7% by 2026

According to a report from ResearchAndMarkets, the farm tractors market was valued $8.15 billion in 2017 and is estimated to grow at a CAGR of 5.7% through 2026. read more

WABCO Extends Agreement for AMT Control Tech with OEM

WABCO extended its long-term agreement to supply automated manual transmission control technology for a global original equipment manufacturer, which is headquartered in Europe. read more

ATA Truck Tonnage Index Rises 0.7% in May

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index rose 0.7% in May after rising 2.7% in April. read more

Global Rough Terrain Lift Truck Market to Grow 2.14% by 2022

According to a report from ResearchAndMarkets, the Global rough terrain lift truck market will grow at a CAGR of 2.14% from 2018 to 2022. read more

Global Earthmoving Equipment Market to Grow 7% by 2026

The global market for earthmoving equipment was valued at $81.5 billion in 2017 and is expected to cross $145 billion by 2026, growing at a CAGR of 7.0% from 2018 to 2026. read more

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