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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.
Q2 2018 PSR Truck Production Index (PSR-TPI) climbs 12.4%
St. Paul, MN — The Power Systems Research Truck Production Index (PSR-TPI) increased from 113 to 127, or 12.4%, for the three-month period ended June 30, 2018, from the Q1 2018. The year-over-year (Q2 2017 to Q2 2018) gain for the PSR-TPI was 124 to 127, or 2.4%.
Q2 2022 PSR Truck Production Index (PSR-TPI) gains 11.5%
St. Paul, MN (July 13, 2022)— The Power Systems Research Truck Production Index (PSR-TPI) increased from 104 to 116, or11.5%, for the three-month period ended June 30, 2022, from Q1 2022. The year-over-year (Q2 2021 to the Q2 2022) loss for the PSR-TPI was, 130 to 116, or -10.8%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.
This data comes from OE Link™, the proprietary database maintained by Power Systems Research.
Global Index. Global medium and heavy vehicle production is expected to decline by 10% this year primarily due to a drop in demand in China and Eastern Europe. However, a slowing global economy will also place pressure on demand moving forward.
All Regions. Medium and heavy commercial vehicle production will be mixed this year due to a variety of issues. In China, truck and bus overcapacity will hinder demand while the Russian-Ukraine war will significantly impact demand and production in Eastern Europe. Global supply chains will remain a problem through at least the end of this year for all regions. There is critical concern about major slowdowns in the North American and European economies as a direct result of higher fuel prices and inflation which does not appear to be going away anytime soon.
Product Definitions Guide
Product Descriptions by Segment and Application Power Systems Research tracks some 250 products in 13 major industrial segments. This Guide defines each product that PSR lists in its proprietary databases. Segment: Agriculture Application: 2-Wheel Tractors 2-Wheel Tractors Application: Ag Tractors 2-Wheel Drive Tractors 4WD Articulated Ag Tractors MFWD Tractors (Mechanical Front Wheel Drive) Tracked Ag
Listen To New PSR PowerTALK Podcast
Now, you can listen to the leading analysts and editors from Power Systems Research discuss the outlook for powertrain news each Tuesday by region and by targeted industry segments on PSR PowerTALK Podcast.
PSR PowerTALK podcasts include Forecasts by PSR analysts, interviews by PSR analysts with industry leaders and production reports on specific applications produced by Carol Turner, Senior Analyst at Power Systems Research.
You can listen to the PowerTALK podcasts on your favorite podcast provider or by visiting the Power Systems Research PowerTALK Podcast Archive on this website.
COVID-19 Hits European Pleasure Marine Industry
The year 2020 started very well for pleasure boat builders across the Europe but it was battered in mid-year by COVID-19. The Dusseldorf trade show, Boot, held at the end of January, ended with a positive outlook and promising results for 2020. Order books were full, thanks to the great boating mood created in previous years.
The unexpected and violent Covid-19 storm came up in March. Nobody was prepared to face the challenge. Builders had to stop production or to reduce their capacities to a minimum during April and May. Production schedules had to be reorganized according to security measures imposed by the local governments.
PSR Participates in SAE Brazil Mobility Forum
For the fifth consecutive year, Power Systems Research (PSR) will participate in the 20th SAE Mobility Forum in Curitiba-PR. This year’s event will be held Sept. 12and 13 at FIEP (Paraná State Industries Federation) auditorium.
This Forum brings together the most important companies in the Medium Heavy Vehicles and Off Highway Vehicles in Brazil. Originally, the event was called “Diesel Forum,” but with the new technologies of propulsion in the key segments covered by the forum, it changed its name to “Mobility Forum” in 2020. PSR Senior executives in South America are frequent speakers at the event, and support high level discussions on future trends and current challenges. PSR
Source: PSR / SAE Brazil Read The Article
