GLOBAL CONSTRUCTION EQUIPMENT HVAC MARKET

In Aug 2019, john Deere launched 744L, 824L and 844L, with Automatic climate control etc.. upgrades to machines HVAC system include a relocation of the AC unit and a brushless fan motor for increased airflow.

In Sep 2020, Case IH introduced new Quadtrac and Steiger AFS Connect series tractors with specific features for the European market. They will have similar cab comfort and control upgrades as on the Magnum AFS Connect series launched earlier in 2019

In June 2020, Case Construction Equipment’s crawler excavator CX220C was launched.

The advanced cabin included features like Auto Climate Control function and air-conditioning system with 25% more airflow with eight vents for better efficiency in higher temperatures and openable roof window to provide better visibility

Mahindra launched RoadMaster G90 Comfort+ in May 2020, the first fully designed and manufactured in India product to offer an HVAC cabin on a motor grader. It was introduced keeping in mind the harsh temperature conditions and dusty environments in India.

Construction equipment sales are an important barometer of global economic activity. The global economic activity has gradually recovered from multi-year lows in March –April 2020 but still remains below pre-COVID-19 levels,

COVID has drastically impacted sales of construction equipment. For example, Deere & Company global net sales and revenues declined by 11 percent, to $8.9 Billion, in Q3-2020 and declined 12%, to $25.8 Billion, for Jan-Sep 2020.Deere now expects its net income to be about $2.25 billion for 2020 but cautions that uncertainties remain because of the Covid-19 pandemic.

Terex says it anticipates sales in the second half of 2020 to be similar to the first half of 2020, which saw net sales of $1.5 billion, declining by ~38% YOY..

 

Caterpillar is not currently providing guidance for the year and warned that it may temporarily suspend operations at additional facilities if business conditions don’t improve.

Volvo CE’s order intake decreased by 7% and deliveries were down 13%. North America,  saw sales declines of 25 percent, says Volvo CE. It was the largest decrease throughout the company’s five regions followed by Europe, which declined 20%.

 

COMPANIES PROFILED

Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2020-2025
18Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025
19Market Segmentation, Dynamics and Forecast by Application, 2020-2025
20Market Segmentation, Dynamics and Forecast by End use, 2020-2025
21Product installation rate by OEM, 2020
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2020
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix

 

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