Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 65.34 Billion | USD 106.07 Billion | 5.53% | 2023 |
According to the report published by Zion Market Research, the global Small Off-road Engines Market size was valued at USD 65.34 Billion in 2023 and is predicted to reach USD 106.07 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.53% during the forecast period. The report analyzes the global Small Off-road Engines Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Small Off-road Engines industry.
Small off-road engines are engines with an extensive scope of small displacement along with insignificant power output. They are internal combustion engines. Diesel engines are made up of compression ignition engines like diesel engines. The small road off-engines are witnessing huge demand from the market due to their wide applications in several sectors like construction, industrial, and pharming.
Growing urban green spaces like playing fields, community parks, and various other open spaces are posing huge demand for independent power source equipment like trimmers, lawnmowers, edgers, chainsaws, leaf blowers, and other similar equipment for landscaping. Such emerging gardening applications are a major factor driving the growth of the global small off-road engines market. Rapid urbanization induced residents to use social spaces for gardening to boost mental and physical fitness. Moreover, the ongoing trends of urban farming, corporate gardening, and campus farming have significantly contributed to the growth of the global small off-road engines market.
The global small off-road engines market can be segmented into the distribution channel, end-user, drive shaft orientation, number of cylinders, engine displacement, and region.
By distribution channel, the market can be segmented into aftermarket and OEM. The OEM segment dominates the global small off-road engines market due to the wide distribution network. The safety provision, enhanced durability, and superior service along with reduced maintenance are major factors that are propelling the growth of the segment during the forecast period.
By end-user, the market can be segmented into construction, automotive, industrial, gardening, domestic, and agriculture. The gardening segment holds hegemony over others due to the rapid proliferation of the lawn and gardening sector. Moreover, the growing living standard along with the high disposable income of people is propelling the growth of the segment significantly during the forecast period. The growing interest of consumers in spending quality time in the garden and purchasing new lawn equipment is further bolstering the growth of the segment.
By drive shaft orientation, the market can be segmented into vertical and horizontal orientation. The vertical drive shaft engine segment dominates the global small off-road engines market owing to the simple setup, high availability, and low maintenance of the product. This orientation is widely adopted in landscaping and gardening equipment like trimmers, tillers, leaf blowers, lawnmowers, and many others.
By the number of cylinders, the market can be segmented into multiple cylinders, double cylinders, and single cylinders. The double cylinders segment holds the largest share in the global small off-road engines market. The growth can be attributed to its superior performance in a wide range of domestic applications with high durability.
By engine displacement, the market can be segmented into 500cc to 800cc, 100cc to 500 cc, and up to 100cc. The 100cc to 500 cc segment accounts for the largest share in the global small off-road engines market due to their high performance coupled with lesser emission, noiseless performance, and extended durability.
Report Attributes | Report Details |
---|---|
Report Name | Small Off-road Engines Market |
Market Size in 2023 | USD 65.34 Billion |
Market Forecast in 2032 | USD 106.07 Billion |
Growth Rate | CAGR of 5.53% |
Number of Pages | 197 |
Key Companies Covered | Yamaha Motor Co., Ltd., Motorenfabrik Hatz GmbH & Co. KG, Loncin Motor Co. Ltd., Kubota Corporation, Kohler Co., Kawasaki Heavy Industries, Ltd, Honda Motor Co., Ltd., Deutz AG, Chongqing Zongshen Power Machinery Co., Ltd., and Briggs & Stratton Corporation |
Segments Covered | By distribution channel, By end-user, By drive shaft orientation, By number of cylinders, By engine displacement and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America accounts for the largest share in the global small off-road engines market owing to the growing demand for gardening machinery and equipment. The rapidly growing geriatric population in the region contributed significantly to the growth of the regional market due to the growing interest of aged people in gardening. Moreover, a growing number of people are coming up with commercial and residential projects which include open spaces like party spots, outdoor kitchen, lounge, and many others which involve the utilization of gardening equipment.
Asia Pacific is anticipated to witness huge growth during the forecast period due to the improving economic conditions and growing urbanization in the region.
Some of the significant players in the global small off-road engines market are:
The Global Small Off-road Engines Market is segmented as follows:
By distribution channel
By end-user
By drive shaft orientation
By number of cylinders
By engine displacement
FrequentlyAsked Questions
Growing urban green spaces like playing fields, community parks, and various other open spaces are posing huge demand for independent power source equipment like trimmers, lawnmowers, edgers, chainsaws, leaf blowers, and other similar equipment for landscaping.
Some of the significant players in the global small off-road engines market are Yamaha Motor Co., Ltd., Motorenfabrik Hatz GmbH & Co. KG, Loncin Motor Co. Ltd., Kubota Corporation, Kohler Co., Kawasaki Heavy Industries, Ltd, Honda Motor Co., Ltd., Deutz AG, Chongqing Zongshen Power Machinery Co., Ltd., and Briggs & Stratton Corporation.
North America accounts for the largest share in the global small off-road engines market owing to the growing demand for gardening machinery and equipment. The rapidly growing geriatric population in the region contributed significantly to the growth of the regional market due to the growing interest of aged people in gardening.
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