2024-11-16
The Personal Watercraft/Jet-ski Market size was valued at USD 2.544 billion in 2023, according to Power Systems Research, and is estimated to register a CAGR of 5.44% between 2024 and 2032.
Market Trends. Manufacturers are investing in developing PWCs made of environmentally friendly materials and e-powered personal watercraft that are cleaner and more efficient.
The Trucking Association of New York (TANY), along with Assemblywoman Donna Lupardo and other state transportation stakeholders, called on legislators to reconsider implementation of California Air Resources Board (CARB) Advanced Clean Truck (ACT) regulations set to take effect in the state just more than two months from now.
TANY President Kendra Hems called for an “immediate delay.” New York joins Oregon in attempting to flex rules that were supposed to launch in January requiring a percentage of new trucks sold in their states to be zero-emission vehicles.
2024-09-23
For more information on the marine market, visit MarineLink, the Power Systems Research proprietary marine products database.
More than 600 exhibitors from the marine pleasure industry showed off their latest models of boats, yachts, marine equipment and other products and services at the 47th annual Cannes Yachting Festival, Europe’s biggest in-water event, just closed its doors. The event ran Sept. 10-15.
An estimated 50,000 visitors attended the festival and got an excellent note for organization from all participants and visitors. The next year’s edition will be held Sept. 9-14, 2025.
The electric marine market has been very dynamic in the last 10 years and electric products and accessories were very popular at the show. Investments in research and development of new technologies and their implementation into boats have been extremely high.
New vehicle sales in the six major Southeast Asian countries in the first six months of 2024 fell 9% year-on-year to about 1.49 million units, the lowest level since 2021, when they were battered by COVID-19. Malaysia, which has benefited from strong domestic demand, is closing in on Indonesia, the largest market in the region.
Malaysia grew by 7% to 390,296 units. Sales growth was driven by strong domestic demand linked to economic growth. Sales of domestically produced small cars such as the Proton and Produa were particularly strong. In contrast, sales in Indonesia, the region’s largest market, fell 19% to 408,012 units due to a decline in the use of car loans and other factors caused by high policy interest rates. Thailand was down 24% to 308,027 units; Vietnam was down 2% to 134,884 units and the Philippines was up 10% to 227,225 units.
2024-08-30
The Indian automotive market is grappling with a significant inventory challenge, with passenger vehicle stock levels reaching 55 to 60 days’ worth, equating to approximately 550,000 to 600,000 unsold vehicles as of May 2024. This rise in inventory has been a concern for auto dealers, who are already feeling the strain from prolonged high inventory levels. During the previous festive season, inventory levels surpassed 60 days, prompting the Federation of Automobile Dealers’ Associations (FADA) to request reductions in stock dispatches from OEMs and the Society of Indian Automobile Manufacturers (SIAM).
The increasing inventory is placing considerable financial pressure on dealerships. Longer inventory holding periods impact cash flow and increase interest costs, making it challenging for dealers to manage their finances effectively. In response to this growing issue, FADA plans to approach SIAM to advise its members on moderating stock inflow and addressing the inventory surplus.
The article shown here is starting to give us some insight as to how the 2024 CARB ACT regulations are playing out in California and what the other states who plan to adopt these regulations can expect upon their implementation. It is a bit of a long read but very insightful of what the truck dealers are currently experiencing.
Information is beginning to trickle out about sales requirements for commercial truck dealers in California that will soon extend to other states committed to implementing the California Air Resources Board’s (CARB) Advanced Clean Trucks (ACT) and low-NOx Omnibus regulations.
2024-08-27
This article is a link to a podcast by Electrek which explores the historic drop in global diesel demand. It examines whether it is inflation and a slowing economy or the rapid rise in EV sales that’s displacing millions of gallons of oil demand.
Source: Electrek: Read The Article
PSR Analysis: The podcast gives a useful background to this story and is only 14 mins long. PSR
Guy Youngs is Forecast & Adoption Lead for Power Systems Research
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
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.
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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