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Global Snowmobile Market Forecast for $2.42 Billion
Michael Aistrup The Global Snowmobile Market size was valued at $1.62 billion in 2023, according to Power System Research, and is estimated to register a CAGR of 5.1% between 2023 and 2031 with a projected market value of $2.42 billion in 2032.
Source: Power Systems Research
North America Is Major Snowmobile Market
According to the International Snowmobile Manufacturers Association (ISMA), 82% of snowmobile sales are in North America.
Source: Power Systems Research
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Deutz and Rolls Royce Engine Deal Approved
EUROPE REPORT
Emiliano Marzoli DEUTZ and Rolls-Royce’s Power Systems division have completed the transaction for DEUTZ to take over the sales and service activities for various Daimler Truck industrial engines. The transaction relates specifically to engines with displacements from 5 to 16 litres and power output of up to 480 kW.
Under the completed transaction, DEUTZ will take over distribution of the MTU Classic model series and the MTU 1000 to 1500 engine series, which are based on three Daimler Truck engine platforms. These engines are used in a range of off-highway applications, mainly in the agricultural machinery and construction equipment sectors.
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Maersk Continues Investments in Fleet Decarbonization
Natasa Mulahalilovic The Danish A.P. Moller & Maersk, the second largest container shipping company in the world, has set a goal to reach zero-emission container shipping by 2040. The Maersk ambitious objective is much advanced compared to the global shipping industry objective to meet net-zero carbon emissions by 2050 to fight against 3% of the global greenhouse emission that they are responsible for.
The program initiated in 2021 aims to renew the fleet of 707 container ships, 304 owned and 403 long-time-chartered, with dual-fuel vessels and propulsion systems. Contracts with different partners and suppliers are in the process of being signed. The giant has chosen to combine methanol and liquified gas bio-LNG for the propulsion systems of its renewed green fleet. The exact split of propulsion technologies will be determined over time considering the latest regulatory requirements and green fuels supply.
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Marcopolo Volare Unveils Hybrid Ethanol 1.0 Micro Bus
BRAZIL/SOUTH AMERICA REPORT
Fabio Ferraresi During Latbus 2024 in São Paulo, Volare unveiled its Attack 9 HVE, Brazil’s pioneering ethanol hybrid minibus. The project is being developed by Volare, a division of the Marcopolo group, in collaboration with Horse and WEG. Although presented in 2024, the official market release is scheduled for 2026.
The vehicle is powered by a 1.0-liter, three-cylinder ethanol engine supplied by Horse, which also functions as an electric generator. This generator supplies energy to recharge the batteries of WEG’s electric drive system. The internal combustion engine operates for only one-third of the vehicle’s total operational time, maintaining an optimal rotational speed of approximately 3,000 rpm.
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Brazil Heavy Duty Trailer Sales Remain High
The Brazil Heavy Trailers sector continues its upward trend in registration, with a 5.6% increase in sales during the first seven months of the year, compared to the same period in 2023.
According to data from the National Association of Road Implements Manufacturers (Anfir), 89,880 units were registered between January and July.
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Iseki To Move Production To Indonesia
JAPAN REPORT
Akihiro Komuro Iseki will produce 90% of its products for overseas markets, mainly Europe and the United States, in Indonesia by 2030. The company will gradually transfer the production of tractors and other products for overseas markets that have been handled domestically and will use the consolidation of production as an opportunity to review product design.
In Japan, the market for agricultural machinery is shrinking, and it is difficult to secure human resources. The company will strengthen the position of its production base in Indonesia to expand its overseas business, particularly in Europe and the United States.
The production capacity of the local plant increased to 22,000 units in 2023, a 20% increase over the previous capacity. At present, the production transfer is about 60% complete.
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Indonesia Moves To Reduce Chinese Ownership of Nickel Projects
INDONESIA REPORT
Akihiro Komuro Indonesia is trying to reduce Chinese investment in new nickel mining and smelting operations in order to qualify for U.S. tax incentives. Under the Biden administration’s Inflation-Reduction Act (IRA), large tax incentives will apply after 2025. However, it does not apply to batteries sourced from “foreign entities of concern,” such as companies in which Chinese capital holds more than 25% of the shares, or to EVs that use nickel or other key minerals. Indonesia’s nickel industry will be hit hard by these conditions. This is because the country has been the world’s largest producer of nickel for the past four years, thanks to a large influx of Chinese capital into its mining and smelting operations.
According to three people familiar with the matter, the Indonesian government and the nickel industry are working on new investment projects in which Chinese companies will have a smaller stake. It is possible that the nickel supplied through these deals will be eligible for tax benefits under the IRA. However, in order for the Indonesian nickel industry to receive tax benefits, it will also need to negotiate a trade agreement with the United States. The Indonesian side is proposing an agreement limited to critical minerals.
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PowerTALK™, August 2024
Download PDFOn the Alternative Power scene in this month’s PowerTALK News read about battery development, and Toyota owners suing the OEM. There’s also a forecast on the global snowmobile market, and Chris Fisher discusses the impact of the CARB ACT regulations on truck sales. Also read about plans by giant BYD to build a production facility in Turkey.
In This Issue
Alternative Power Report:
- Safe, Long-Cyclable Lithium Battery Tested
- Toyota Mirai Drivers Sue Automaker
- Wastewater Needed by LFP Battery Supply Chain
- Diesel Demand Drops as EV, Electric Semi Markets Grow
Global: Snowmobile Market Forecast Is $2.42 Billion
North America: Impact of 2024 CARB ACT Truck Sales Regulations
DataPoint: NA Personal Watercraft Production
Europe:- Deutz and Rolls Royce Engine Deal Approved
- Maersk Investments in Fleet Decarbonization
Brazil/South America:
- Marcopolo Volare Unveils Hybrid Ethanol 1.0 Micro Bus
- Heavy Duty Trailers Market Remains High
Japan: Iseki To Move Production to Indonesia
South Korea: Hyundai Motor Lists Subsidiary in India
Indonesia: Moves To Cut Chinese Ownership of Nickel Projects
China: BYD Plans Factory in Turkey
India: Rising Inventory Levels Challenge Auto Dealers -
Alternative Power Report, August 2024
Download PDFThe August issue of PSR’s Alternative Power Report includes several articles on battery development, including ones describing news at Tesla. This month’s report also includes news on hydrogen power and the decline in diesel sales. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
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