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