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.
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.
Maxim Sakov, Market Consultant-Russia for Power Systems Research, discusses his Q1 2021 economic outlook for Russia in this episode of PSR PowerTALK.
Maxim Sakov Market Consultant Russia
Maxim Sakov is our Russia market consultant based in Moscow. He has been with Power Systems Research since 2011. Maxim has an MBA specializing in Marketing and has over 19 years of experience in the power products and drive train industry. He has worked as a Deck Officer in merchant marine, as a Sales Director for Unichimtek a Russian high-tech company and as Business Development Representative for Cummins Filtration in Russia. Maxim has extensive industry expertise in the technical, sales and marketing.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:06 Emiliano Marzoli:
From Power Systems Research, hello everyone. I’m Emiliano Marzoli, editor of PSR PowerTALK, and today I will discuss the economic outlook for Russia with Maxim Sakov, our marketing consultant in Moscow. Maxim provides our clients with economic and production forecasts for Russia each quarter. And thank you for joining us today, Maxim.
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.
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.
In 2020, NEFAZ, a subsidiary of KAMAZ, made 202 electric buses. In 2021, it plans to double the production of this innovative transport.
Today, in Moscow has 400 working KAMAZ electric buses, half of which were supplied during 2020. “We can make machine, which became tech leader on domestic market. We could enter Moscow passenger transport market. It changes the scale of the business and our respect to own product,” says KAMAZ general director Sergey Kogogin.
Yosyf Sheremeta, PhD, Dir. of Prod. Mgt. & Customer Experience, analyzes the North American economic outlook with special emphasis on the Administration’s efforts to control emissions.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:06 Jim Downey:
Good morning and welcome to this podcast by Power Systems Research. Today we’ll be discussing the North American market outlook for.2021. I’m Jim Downey, Vice President of Global Data Products here at Power Systems Research. I’m joined by my colleague, Yosyf Sheremeta, who is the Director of Product Management and Customer Experience.
Editor’s Note: This report includes a conversation with Miguel Elizalde Lizárraga, the executive president of ANPACT (the National Association of Bus, Truck and Engine Manufacturers) and a visit to the Expotransporte 2022, the largest truck show in Latin America.
ANPACT represents the trucks, buses and engine manufacturers in Mexico. It participates actively with government organizations and other important related associations to ensure the truck and bus industry gets enough support, incentives, alliances, agreements and information to grow in the local market. Also, to continue with their outstanding role as one of the most important exporters of heavy duty vehicles globally.
The ANPACT gathers the most important trucks, buses and engine manufacturers in Mexico such as Kenworth, Freightliner, International, Mercedes Benz, Man, Volkswagen, Scania, Dina, Mack, Volvo, Isuzu, Hino, Detroit and Cummins.
During our conversation, Elizalde provided timely insights into the Mexican transportation industry and the major market challenges this country is facing today.
Vehicles manufactured in Mexico produce an important impact on the country’s economy, logistics and mobility. For example, 71% of the foreign trade value is moved to the US through heavy duty trucks. Much of the movement of goods in Mexico is through trucks, and people use buses as their main transportation.
According to ANPACT´s August statistics, manufacturers produced a total of 127,858 heavy duty vehicles from January through August this year. This is 18% more than 2021 production. Through August, export volumes increased by 15.7% (106,824 units) compared to 2021. Retail demand has increased so far by 20.5% (25,196 units).
Current challenges the transportation industry is facing today in Mexico include road safety, environmental regulations implementation, supply chain lead times, driver shortage, e-commerce, vehicles renewals, safety and energy infrastructure.
Maxim Sakov is our Russia market consultant based in Moscow. He has been with Power Systems Research since 2011. Maxim has an MBA specializing in Marketing and has over 19 years of experience in the power products and drive train industry. He has worked as a Deck Officer in merchant marine, as a Sales Director for Unichimtek a Russian high-tech company and as Business Development Representative for Cummins Filtration in Russia. Maxim has extensive industry expertise in the technical, sales and marketing.
Maxim Sakov, Market Consultant-Russia for Power Systems Research, discusses his Q3 2021 economic outlook for Russia in this episode of PSR PowerTALK.
Transcript
Welcome to the PSR PowerTALK podcast produced by Power Systems Research.
00:06 Emiliano Marzoli
Hello everyone. From Power Systems Research, I’m your host, Emiliano Marzoli, editor of PSR PowerTALK. And today we’ll discuss the economic outlook for Russia with Maxim Sakov, our market consultant in Moscow.
John Krzesicki brings over 25 years of experience in software sales, implementation consulting, and marketing to Power Systems Research. He has a broad software background spanning from Product Lifecycle Management, Simulation Modeling, 3D Printing, to Business Intelligence. The corporate cultures he’s worked within are equally as diverse from small start‐up companies like BL 3Dimension, to large companies like SAS, and to companies like VSA and RuleStream —where he helped grow the company from a small start‐up to a medium sized company that was eventually acquired by Siemens. Mr. Krzesicki has a Master’s and Bachelor of Science Degrees in Industrial Management from Central Michigan University.
John Krzesicki talks with Carrie Goetz about the trends in edge computing, a movement that shifts data processing from the cloud to local data centers closer to the applications.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:06 John Krzesicki
Hello, my name is John Krzesicki with Power Systems Research. I’m a business development manager for the US and with me today I have Carrie Goetz who is a fractional CTO for multiple companies. She’s been in the business for many years. She was also voted as being one of the most influential women in the tech industry in 2020.
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