The equipment sector's 2022 will be a very crucial year. It will be a busy year. There will be many trends to look out for come 2022. The trends will range from used truck pricing and availability, freight rates to truck electrification. The sector will also have to deal with the rising price of raw materials and supply and demand challenges. The crucial will be to see how industry players will handle all the challenges.
Despite the challenges expected, the year will also present many different opportunities. Improving infrastructure within the industry will be the priority. They will also focus on technological advancements and electrification of the trucks. The governments will support companies in the electrification projects. In doing so, the companies will grow even out of California, where most are based.
The regulators are tightening on the zero-emission requirements. They will continue to become tighter with time. Therefore, the need for alternative solutions like natural gas and hybrid variants will come in handy. For compliance purposes, most companies will adopt such technologies, including electrification.
Transport Topics reported that it was predicted that battery-electric and fuel cell vehicles would make up for 60% of truck sales by Daimler Truck. The trend from 2019 to 2021 has been unique. The sales have been different year to year, every month. For example, in 2018, sales began low and almost constantly rose. Then, in 2019, the sales were a bit even throughout the year except in a few months. In 2020, the pandemic hit sales badly. They hit very low numbers and recovered a little towards the end of the year. Finally, in 2021, the sales were unpredictable and unbalanced. Sales dropped even further as the year ended.
In 2022, several factors will affect truck prices. They include freight rates, availability of new trucks, and the supply of trade-in vehicles. Trade-in of used trucks will be an essential aspect that can't be overlooked. The use of modern-day technology will also be very vital and will increase in 2022.
Trailer orders have not been stable over the years since 2018. In 2018, the orders began at a high, slumped in the middle of the year, tremendously improved, and dropped at the end of the year. Like in 2018, the orders in 2019 started well, then went down in the middle of the year and improved towards the end. In 2020, trailer orders were badly hit by Covid-19 but improved towards the end of the year. In 2021, the figures were positive initially, but numbers went low from April to August. They improved by the end of the year.
The equipment sector is hopeful for a better year than the previous years. There is hope for a brighter year with the integration of new and improved technology. However, the best way to have a good year is to handle the challenges at hand properly. Compliance with regulators will also be key to a brighter future from now on.