Partnerships and investment continue to support new powertrains for lower carbon emissions from commercial vehicle fleets, as well as engine efficiency, according to the recently released N.A. Commercial Vehicle On-Highway Engine OUTLOOK, published by ACT Research and Rhein Associates.
The report highlights power-source activity for commercial vehicle GVWs 5-8, including five-year forecasts of engines volumes and product trends. The Engine Outlook ties to the detailed NA CV vehicle forecasts published monthly by ACT in the NA Commercial Vehicle OUTLOOK. This report benefits businesses and manufacturers in the commercial vehicle engine production supply chain, and any company following the investment value of engine OEMs and their suppliers, ACT says.
When asked about commercial vehicle demand and supply chain challenges, ACT President and Senior Analyst Kenny Vieth says, “Medium-duty, heavy-duty and trailer backlogs are filled deep into 2022, with backlog-to-build ratios significantly above traditional ranges and inventories falling below traditional thresholds. As has been the case since the start of the year, supply-chain constraints, rather than fleet/consumer demand, continue to be the primary drivers of commercial vehicle production for the foreseeable near-term.”
Andrew Wrobel, senior powertrain analyst at Rhein Associates, says, “Despite significant investment and product introduction, peak diesel is still more than five years out. OEMs are continuing to invest in engine technologies supporting cleaner and more efficient operation or looking to other sources for internal combustion engines.”
When asked about natural gas vehicles Wrobel says, “Demand for natural gas vehicles is currently driven by specific vocations. If regulations change to encourage well-to-wheel emission reduction, more adoption would be expected.”