Volvo 2015 Annual Report Download - page 99

Approximately 10% of total production in the
Group’s European diesel engine plants and
more than half of the Group’s global volumes
of 16-liter engines are delivered to Volvo Pen-
ta’s customers.
Industrial
The Industrial business segment, accounting for about half of
sales, is the part of Volvo Penta’s operation that generates the
largest strategic engine volumes for the Volvo Group. Featuring
unique performance, installation benefits and minimized environ-
mental footprint, Volvo Penta’s engines strengthen the competi-
tiveness of a growing number of global customers. By leveraging
the strength of the Volvo Group’s combined service offering, Volvo
Penta is able to offer efficient support in the form of global ser-
vice and aftermarket services.
A big advantage of our off-road engine range to OEMs is that
all engines share the same physical footprint – making designing
global product ranges much easier for OEMs. In 2015, Volvo
Penta has continued to gain new customers based on the 5, 8, 11,
13, and 16 liter off-road engines released throughout 2014. The
latest engine range has helped to maintain a strong position in
the materials handling segment, as well as increase market
shares in new segments, such as agriculture and forestry.
Partnerships with OEMs in 2015 resulted in the delivery of
power solutions for market-leading applications, such as a new 12
ton log stacker machine with hybrid hydraulics, which benefits
from Volvo Penta’s power density and fuel efficiency. Within the
materials handling area, Volvo Penta, together with two partners
implemented an industry-leading transmission, using a combina-
tion of hydrostatic and mechanical drives. The drivetrain can
STRONG PROFITABILITY AND
INCREASED SALES
Volvo Penta generates significant synergies for the Volvo
Group’s total volumes of diesel engines.
reduce fuel consumption by 40% and, with lower rpm and maxi-
mum revs, lower noise by up to six decibels.
The latest engine range is compliant with several stages of
emission legislation, including the most stringent Tier 4 Final.
Marine Leisure
To the greater public, Volvo Penta is best known for its leading marine
drive systems – for both leisure and commercial boats. Over the dec-
ades, products such as the Aquamatic sterndrive, Duoprop and IPS
have given Volvo Penta a global reputation as an innovative engine
supplier to most of the strongest brands in the leisure boat industry.
In 2015, Volvo Penta IPS (Inboard Performance System) cele-
brated its ten-year anniversary in the market. Since its launch in
2005, the popularity of IPS has grown considerably, and so too
has the size of the yacht that the system can power – from 30 to
100 feet. During this year, IPS was installed in of the largest boats
to date – an Italian built yacht, measuring 94 feet. IPS has helped
to progressively strengthen Volvo Penta’s market leading position
in Marine Leisure.
NET SALES BY MARKET
SEK M 2015 2014
Europe 4,462 3,779
North America 2,161 1,584
South America 365 386
Asia 1,855 1,615
Other markets 562 425
Total 9,406 7,790
DELIVERIES PER SEGMENT
Number of units 2015 2014
Marine engines119,503 17,413
Industrial engines 18,635 15,295
Total 38,138 32,677
1 Excluding outboard engines.
GROUP PERFORMANCE BOARD OF DIRECTORS’ REPORT 2015
VOLVO PENTA
Volvo Penta provides engines and power systems for leisure and
commercial boats, as well as for industrial applications such as
power generation and container trucks.
Position on world market Volvo Penta is the world’s largest
producer of diesel engines for leisure boats and a leading,
independent producer of industrial engines.
Brands Volvo Penta
Number of regular employees 1,470 (1,422)
Share of Group net sales,
3% (3)
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