Equipment Sector

ACT Research: Used Class 8 Retail Sales Rebounded Strongly in August

Class 8 retail sales rebounded strongly, as expected, from July’s misstep, advancing 12% month over month in August, according to ACT Research. read more

ACT Research: Trailer Industry Easing into Order Season

While clouds on the trailer market horizon still bear watching, the industry is currently in its seasonally weakest time of the year for forward-looking metrics, according to ACT Research. read more

Mullen Automotive Receives EPA Certification for Commercial Class 3 Electric Vehicles

Mullen Automotive, a Southern California-based electric vehicle manufacturer, received full approval and certification from the Environmental Protection Agency for commercial Class 3 electric vehicles on Sept. 22. read more

Software and Information Services, Capital Markets and Life Sciences Forecasted to Lead Worldwide ICT Spending Growth Through 2027

Worldwide spending on information and communications technology is forecast to grow steadily through 2027 with a 5.7% compound annual growth rate, according to International Data Corporation. read more

Greenbrier Companies Orders for 15,300 New Railcars Valued at $1.9B

The Greenbrier Companies received orders for 15,300 new railcars with an aggregate value of $1.9 billion during its fiscal fourth quarter, which ended on Aug. 31, 2023. read more

ACT Research: Pent-Up Equipment Demand Likely to Fade into Year End

On continued strong build rates and seasonally weak order volumes, the Class 8 backlog fell by 11,000 units to 152,600 units in August, according to ACT Research. read more

ACT Research: Preliminary Net Trailer Orders Remain Seasonally Soft

August’s preliminary net trailer orders increased sequentially to 11,500 but were lower against longer-term comparisons, according to ACT Research. As one of the weakest order months of the year, August’s tally received a seasonal adjustment boost to 14,700 units. read more

ACT Research: Class 8 Truck Sales Surge 14% in August

According to preliminary data from ACT Research, Class 8 same dealer used truck retail sales volumes surged 14% month over month in August. read more

ACT Research: 50% of All Commercial Vehicles Will Be Zero Emission by 2040

According to ACT Research’s recently-released edition of Charging Forward, a multi-client decarbonization study of the U.S. commercial vehicle market, the adoption rates for zero-emission and decarbonization vehicles will reach 25% by 2030 and 50% by 2040. read more

IDC Forecasts Worldwide Quantum Computing Market to Grow to $7.6B in 2027

IDC published its second forecast for the worldwide quantum computing market, projecting customer spend for quantum computing to grow from $1.1 billion in 2022 to $7.6 billion in 2027. read more

ACT: Used Class 8 Retail Sales Falter in July

Class 8 retail sales faltered for the first time in three months in July, declining 7.8% month over month, according to the ACT Research. read more

North America Robot Orders Drop for Second Quarter

A slow economy and high interest rates led to the purchase of 37% fewer robots in April through June of 2023, year over year, according to the Association for Advancing Automation. read more

IDC: Worldwide Hardcopy Peripherals Shipments Decreased 11.7% Y.Y in Q2/23

Worldwide shipments of hardcopy peripherals declined 11.7% year over year to 19.5 million units in Q2/23, according to IDC. read more

Agriculture Equipment Market to Reach $434.1B Globally by 2032

The global agriculture equipment market was valued at $ 236.6 million in 2020 and is projected to reach $434.2 million by 2032, according to Allied Market Research.  read more

Aircraft Shipments and Billings Rose in First Half of 2023

According to the General Aviation Manufacturers Association, in the first six months of the year, aircraft deliveries were up across all segments compared with the same period in 2022. In addition, there was an increase in the overall value of aircraft shipments. read more

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