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Outboard Engine Market Forecast: USD 19 Billion
GLOBAL REPORT
The global outboard engines market size was $10.58B in 2023 and is anticipated to reach $19.13B by 2034, growing at a CAGR of 5.53% from 2024 to 2034, according to Power Systems Research (PSR).
Source: Power Systems Research
Summary. The outboard engines market produces, sells, and distributes outboard motors. These engines are independent propulsion units positioned externally on a boat’s transom instead of being integrated within the hull. These engines, which are used to power a variety of watercraft, such as boats, dinghies, pontoons, and fishing vessels, usually consist of a powerhead, gearbox, and propeller.
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Nebraska AG Sues Truck Makers Over CARB
NORTH AMERICA REPORT
Chris Fisher Nebraska Attorney General Mike Hilgers has filed an antitrust lawsuit against some of the nation’s largest heavy-duty truck manufacturers alleging a plot to stifle the availability of internal-combustion semi-trucks in favor of electric ones.
In the lawsuit filed Nov. 19, Hilgers said California and the California Air Resources Board have “recently embarked on a mission to eliminate the [internal combustion engine] vehicle and mandate the electrification of our nation’s vehicle fleet.”
While other lawsuits have been filed against California and CARB attempting to halt or slow down the regulations, including one led by Hilgers to block CARB’s Advanced Clean Fleets regulation, Hilgers’ new lawsuit targets manufacturers themselves, including Daimler Truck North America (DTNA), International Motors, Paccar, Volvo Group North America, and the Truck & Engine Manufacturers Association.
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VW and Suspensys Develop Hybrid Concept Truck
Fabio Ferraresi Volkswagen Caminhões e Ônibus, in collaboration with Suspensys, has unveiled the VW Meteor Hybrid, Brazil’s first hybrid concept truck. This vehicle features a diesel engine combined with an electric auxiliary axle developed by Suspensys, enabling intelligent traction management that optimizes performance, reduces travel time, and enhances fuel efficiency.
The intelligent traction system allows the third axle to become driven, transforming the truck into a 6×4 configuration when necessary.…
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Kubota To Build Excavator Plant in Germany
JAPAN REPORT
Akihiro Komuro Kubota says it plans to build a factory in Germany to manufacture small excavators. Production will begin in 2026, and the new factory will increase the local subsidiary's production capacity by 40%. Kubota will acquire a factory site near the current factory of Kubota Baumaschinen, which manufactures and sells construction equipment in Germany. In the fiscal year ending December 2022, sales of construction equipment in Europe accounted for 20% of the company's total sales…
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FAW Jiefang Launches First Hydrogen Engine
Jack Hao In December, FAW Jiefang began production on its first hydrogen engine in Dalian, Liaoning Province, marking a key step for it in the field of green intelligent transportation.
The project is expected to have a total investment of US$84.41 million (614 million yuan), building medium-sized engines ranging from 5 to 7 liters, heavy-duty hydrogen engines, and production lines. The CA6HV3 production line is the world’s first hydrogen engine production line; it will help FAW Jiefang build a more complete powertrain product line. It is reported that the CA6HV3 hydrogen engine, independently developed by FAW Jiefang, is the first domestic heavy-duty commercial vehicle direct-injection hydrogen engine in China. It leads the country in thermal efficiency and product reliability and achieves zero carbon emissions.
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