Electric Boats Gain Industry Share

There seems little doubt that electric powered boats will grow as the fast-improving technology trickles down from the automotive industry, which is driving battery technology, to the marine engine industry.

Michael Aistrup
Michael Aistrup

Today the electric boat has become a $4.5 billion global marine industry segment, and a report by IDTechEx shows that the market for hybrid and pure electric boats will rise significantly to over $20 billion worldwide by 2027.

Brushless permanent magnet electric motors and advances in lithium ion battery technology have allowed leaps to be made in the rush to marine electric. Lithium-ion batteries are half as heavy as lead-acid batteries and last three times as long, and advances in their effectiveness and stability have been significant.

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Outboard Marine Engine Market Hits $5.5 Billion

GLOBAL REPORT

The global Outboard Marine Engine Market size is estimated at $5.54 billion in 2023, and is expected to reach $8.99 billion by 2035, growing at a CAGR of 4.1% during the forecast period, according to research by Power Systems Research.  

The COVID-19 outbreak significantly impacted the boat manufacturing industry and caused a decline in recreational activities worldwide, which hurt outboard motor sales. However, in 2021, the market regained momentum due to the easing of restrictions. The market is expected to register healthy growth in the coming years.

There are generally three types of boat drives including inboard, outboard, and sterndrive. One obvious distinction among them is their placement of motor in the boat.

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Special Report: M&T Expo

BRAZIL/SOUTH AMERICA REPORT  
Carlos Briganti
Carlos Briganti

TheM&T Expo 2022 is one of the most important trade fairs in the construction and mining equipment industry throughout Latin America and this year the show featured more than 600 exhibiting brands in 54,000 square meters. Held in Sao Paulo Aug. 30-Sept. 2, 2022, the event had more than 30,000 visits in four days. 

Disagreements between show organizers and exhibitors caused key players in the market to avoid the show. The list of missing exhibitors included Caterpillar, John Deere, Komatsu, JCB, CNH, and Volvo. Chinese companies, as well as Liebherr, took this opportunity to use large spaces at the event, both in area and in product portfolio with respective sales and engineering teams.

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PowerTALK, March 2019

Forklift Production Climbs in 2019

Production of Rough Terrain Forklifts in the U.S. this year is expected to be about 14,400 units, according to Carol Turner, PSR Senior Analyst, Global Operations. Her report is one of the Top Stories in the March 2019 issue of the PSR PowerTALK newsletter.

Other stories include a report on the 2019 Moscow Boat Show, a report on Q4 2018 gen-set sales in North America as part of PSR’s quarterly PowerTRACKER proprietary survey, plus stories from Asia, India, South America and Europe.

TOP STORIES

  • Rough Terrain Forklifts
  • EGSA Conference Report
  • NA Gen-Set Sales
  • Argentina LV Production Drops
  • Columbia LV Sales Forecast
  • China Boosts Methanol Use
  • Deutz Posts Strong Earnings
  • Kawasaki Completes India Plant
  • Doosan Wins Contracts
  • Indonesia Backs EVs
  • India Plans Tariffs
  • India Car Sales Decline
  • Moscow Boat Show Report
  • Russia Electric Car Market
  • Japanese Trucks in Moscow

Q2 2021 Truck Production Report

Chris Fisher, Senior Commercial Vehicle Analyst at Power Systems Research, discusses the Q2 2021 global production facts and related forecasts for medium and heavy trucks, as reported in the quarterly PSR Truck Production Index.

Transcript

Welcome to the PSR PowerTALK podcast produced by Power Systems Research.

00:06 Joe Delmont

From Power Systems Research, I’m Joe Delmont, editor of PSR PowerTALK.

Today we’ll discuss global truck production with Chris Fisher. Chris is Senior Commercial Vehicle Analyst at Power Systems Research.

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Renwex-2021 Fair Demonstrates Little Interest in EV Cars

Maxim Sakov
Maxim Sakov

MOSCOW–Despite the number of COVID-infected people in Moscow increasing since the middle of June, the trade shows have not been affected by the pandemic restrictions. Another fair started 21 June in Moscow Expocenter. It’s Renwex – the fair dedicated to renewable energy and electric transport.

The fair is relatively new and small. It took about 3000 sq. meters and accommodated 80 participants. Most of them were local companies, although there were some participants from Switzerland, Austria, France, Germany and China.

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Q1 2021 Truck Production Report

In this episode of PSR PowerTALK, Chris Fisher, senior commercial vehicle analyst at Power Systems Research, talks about the reasons for the 42.5% first quarter 2021 drop in global truck production.

Transcript

Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.

00:06 Joe Delmont:

From Power systems Research I’m Joe Delmont, editor of PSR PowerTALK. Today we’ll discuss global truck production with Chris Fisher, PSR, senior commercial vehicle analyst.

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Alternative Power Report, January 2023

The January 2023 Alternative Power Report produced by PSR’s Guy Youngs and other analysts at Power Systems Research includes several articles on hydrogen power. New applications of hydrogen power from construction to marine are discussed in this issue. Plans by OEMs Audi and BMW for new EV cars also are discussed. PSR