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The global motorcycle market is growing at a healthy CAGR of 5.48%, according to Power Systems Research. Revenue for 2021 was approximately $107.1 Billion and projected to be $146.6 Billion by 2030.
Growth during this period is primarily due to increasing demand from China, India, and ASEAN countries. In addition, growth in traditional markets such as Europe and North America is also anticipated.
The growth of drivers for the Motorcycle industry come from the requirement for cost-effective private transportation among people around the world.
Rolls Royce Holdings’ 2022 Annual Report shows significant performance improvement compared to 2021. Its four business units posted revenue of £12.691 m (£10.947 m in 2021), gross profit of £2.477 m (£1.996 m in 2021) and operating profit of £652 m (£441 m in 2021). Civil aerospace business unit made 49% of the revenue, Defense 29%, and Power Systems 26%.
The Power Systems business unit is the home for the mtu brand developing and manufacturing power systems and solutions for commercial marine, industrial, defense and yachts as well as power generation. Headquartered in Germany, it closed the year with a record revenue of £3.347 m, a gain of 23 % comparing to the prior year. Orders for 2022 were £4.3 billion, 29% higher than the orders placed in 2021.
Groupe Beneteau, one of the world’s leading manufacturers of pleasure boats and mobile homes, posted revenue of USD 1.6 million (1.508,1 million EUR) for 2022. The boat division generated USD1.3 million (1.250,9 million EUR), 83% of the group’s total revenue.
The Group order books are full for this year. The forecast is for 10% growth compared to revenues achieved in 2022. Last year, revenues by market were at 613.20 million EUR for Europe, 424.4 million EUR for North America and 135.9 million EUR for other regions.
The group plans to launch 13 models in 2023, of which five will be new models of dayboats, four models of sailing yachts, two models of sail catamarans and two models of power catamarans.
The boat division revenues increased 19.7% compared to 2021. The motorboats division contributed 58% of the total and the sailing division added 42%. The best-selling boats are the motor dayboats in size up to 8 meters followed by the sailing multihulls over 10 meters.
The global marine inboard engines market is expected to grow from $2.75 billion in 2022 to $4.45 billion by 2032 at a CAGR of 5.1%, according to forecasts by Power Systems Research.
A marine inboard engine is a reciprocating engine mounted within a boat’s hull. It is a four-stroke engine that has been modified for maritime usage. The engine spins a drive shaft that passes through the hull and is connected to a propeller. While outboard engines must be periodically serviced to ensure they remain watertight, inboard engines typically do not require much maintenance. Additionally, inboard engines tend to be more fuel-efficient than outboards.
Our Power Systems Research South America Team visited the Agrishow 2023, in Ribeirão Preto-SP, Brazil, visiting customers and checking the new launches and market expectations. It’s the world’s largest show on Agricultural Equipment
The general expectations of exhibitors we talked with were not positive. Exhibitors carefully spoke about some factors influencing the market, such as lower commodities prices and the new government often speaking against Agribusiness that does not promote positive investment decisions.
On the other hand, the projections of business during the show surpass US$ 2,6 Billion (R$ 13,2 Billion), that is 18% nominal growth over 2022 business and actual growth of 9.5% discounting inflation. The expectation is for a recovery in commodities prices in 2H 2023. The government is also announcing more credit for this segment and OEMs are offering their own credit lines.
General Observations. The core topics at HANNOVER MESSE included artificial intelligence, hydrogen, energy management, connected and intelligent production, and the new Manufacturing-X data ecosystem.
More than 4,000 exhibitors presented their solutions and welcomed 130,000 visitors from around the globe. There seemed to be a very large Chinese contingent at the show (both as visitors and exhibitors), as well as a large number of local governments, universities and startups. There seemed to be a predominance of exhibitors showing bearings, copper fittings, cables and components as well as systems / electronics companies.
There was also a large number of independent robots in evidence, ranging from robotic dogs and robotic servers to robotic messengers following pre planned routes.
Unlike On-Road Trucks, Off-Highway Trucks are specifically designed to work in punishing environments and are made to haul material and debris around a work site. These purpose-built vehicles are not constrained by the weight limits of their smaller on-road counterparts.
Expect production to increase 5% by 2025 as the need for new equipment for mining operations increases. It is speculated that there will be growth in the excavation of iron ore, nickel and bauxite followed by gold and copper. PSR
Carol Turner is Senior Analyst, Global Operations, at Power Systems Research
ShipFC is the project financed by the Union European program Horizon 2020 and Hydrogen Europe aiming to prove that fuel cells powered by green ammonia can meet the strict IMO standards of zero-emission Deep Sea shipping.
Currently, a 100% zero-emission solution is not available in this segment. Batteries do not last longue enough with a size that can fit a ship onboard, and Hydrogen technology has some other challenging issues to resolve. Alternative fuel solutions are promising but still need to be tested, confirmed, and approved by DNA.
Mixers are used by a variety of industries, especially for construction applications, and mix an assortment of materials. Power Systems Research tracks the North American production of two types of mixers: one used to produce asphalt and one for mixing mortar or concrete. Asphalt Mixers/Agitators are used to manufacture asphalt, macadam and other forms of coated road stone, often called “blacktop.”
A Cement/Mortar Mixer is a mechanical mixer that uses rotating paddles attached to a horizontal axle to blend the mix ingredients of mortar or concrete.
This product information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Battery/Corded Electric Units: Production of electric units are expected to increase by 23% in 2023 over 2022, climbing 1,300 units to about 6,800 units this year powered by either battery or cords. In 2023, electric units (battery and corded) will be about 2% of total North American Mixer production. PSR
Carol Turner is Senior Analyst, Global Operations, for Power Systems Research
SUMMARY. There are several factors that could contribute to modest growth in the second half of this year as we await final numbers for the quarter. This should lead to total production globally growing at +2.6% in 2023 (vs 2022). Given this 2023 growth, the outlook for the years into 2028 remains positive.
Apart from Russia and Ukraine, the main country to show a decline is South Korea, while Japan is barely positive. However, the segment picture shows some differences.
Fuel prices have eased recently, but they remain a serious concern.
Supply chains remain constrained.
The war in Ukraine shows no sign of a speedy conclusion, despite recent successes by Ukraine.
Ukrainian exports of wheat, other grains and fertilizer continue but are still low compared to pre-war levels.
Inflation continues to be a concern and central banks are raising their interest rates. This will pose a risk to economic growth in all regions. Inflation and price increases are putting OEMs in a tricky situation.
Risk of recession appears in several countries including the USA and Germany.
Covid is still lingering with global deaths now at over 6.9 million, but the death rate has slowed considerably.
Latent demand for machinery keeps bursting out into the open.
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