Equipment Sector

ACT Research: NA Heavy & Medium Duty Preliminary Orders Up 44% Y/Y

Preliminary NA Classes 5-8 net orders were 53,000 units in November, up 44% year over year, and slightly down from October’s order surge. read more

Increase in Heavy Duty Natural Gas Use from Refuse Industry

According to an outlook from ACT Research and Rhein Associates, there has been an increase in heavy duty natural gas use from the refuse industry, which has been adding new natural gas-powered trucks in significant volume. read more

Report: Mobile Crane Market to Reach $14.6B by 2023

According to Research and Markets, the global crane market is expected to grow at a CAGR of 6.9% and reach $14.56 billion by 2023. read more

ACT: Used Class 8 Truck Same Dealer Sales Climb Again in October

According to ACT Research, Class 8 same dealer used truck sales volumes continued their upward climb in October, rising 12% month over month and 37% year over year to become the best month of 2017. read more

Report: Rising Demand to Support Growth in Surface Mining Equipment

The global surface mining equipment market is expected to grow at a CAGR of 3.24% during the period 2017-2021. read more

China’s Private Jet Sales Improve in First Half of 2017

According to Asia.Nikkei.com, China’s private jet sector is transitioning to corporate ownership and data for the first half of 2017 shows improvement with country’s business jet fleet growing by a net 17 aircraft. read more

Mobile Crane Market to be Worth $9.82B by 2025

According to a report from Research and Markets, the global mobile crane market will grow at a CAGR of 2.16% from 2017 to 2025 and account for $9.82 billion in 2025. read more

Caterpillar Retail Sales Continue to Advance Y/Y in October

Caterpillar reported worldwide retail machine sales were up 19% for the rolling three-month period ending in October, up from 13% for the previous three-month period. read more

ATA Truck Tonnage Index Experiences Largest Y/Y Increase Since 2013

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 3.3% in October, following a 1.9% decline during September. read more

ACT Research: U.S. Trailer Backlog Improves M/M, Y/Y

The U.S. trailer backlog continued to be positive in October, with a stronger than expected improvement of 6% month over month and 8% year over year. read more

ACT: North American Order Surge in October Raises Backlog

As reported earlier this month, orders for Class 8 vehicles surged in October, rising to a 35-month high of 36,033 units. read more

Tesla’s Electric Semi Truck Could Be Here by 2021

NPR reported that Tesla revealed more details about its electric semi truck at an announcement event last Thursday. read more

ACT Research: 2017 Trailers Orders Up 45% YTD

According to preliminary data from ACT Research, there were 32,000 net trailer orders in October. Final October volume will be available later this month. read more

Ritchie Bros. To Sell 250 More Cranes Before Year End

Ritchie Bros. plans to sell more than 250 cranes through its onsite auctions and IronPlanet before the end of the year. read more

U.S. Agricultural Machinery Market to Grow 5.17% by 2021

According to a report from Research and Markets, the U.S. agricultural machinery market will grow at a CAGR of 5.17% from 2017 to 2021. read more

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