NEW YORK Global engine production will grow 3.5 percent this year, driven by demand for heavy duty and off-road units used in medium and heavy vehicles, according to a forecast by Power Systems Research Inc.
Engine production is estimated to reach about 236 million units in 2014 compared with 228 million units last year, it said.
The relatively "more profitable" segment of heavy duty and off-road engine production will increase to 73.7 million units worldwide, up 3.8 percent from 2013, due to growth in engines made for medium and heavy vehicles, Dennis Huibregtse, senior vice president of market research at Eagan, Minn.-based Power Systems Research, told delegates at the North American Die Casting Associations executive conference in Marco Island, Fla., Feb. 25.
Engines made for lawn and garden equipment will contribute nearly 39 percent of the 73.7 million heavy duty and off-road engines forecast to be manufactured this year, he said, adding that engines for agricultural equipment will contribute 15.6 million units.
In overall global engine production, Power Systems forecasts light vehicle engine production will total 83.2 million units in 2014, while engines for motorcycles and recreational products will approximately 79.4 million units. The two segments are forecast to account for more than two-thirds of total engine production, Huibregtse said.