The strong decline in the total market in the marine industry in the wake of the global recession slowed down in 2010. Global demand for marine engines remained largely unchanged, compared with the preceding year.
The marine industry was characterized during the year by a continued cautious attitude among end consumers. On average, boat builders reported a continued low production rate in their plants, compared with the boom years.
However, the total market for industrial engines strengthened due to increased demand in essentially all regions. During the year, leading industrial engine customers gradually raised sales forecasts and capacity utilization to increasingly higher levels.