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Small Off Road Engines Market Analysis

  • Report ID: GMI4679
  • Published Date: Jul 2024
  • Report Format: PDF

Small Off Road Engines Market Analysis

Based on Engine displacement, the 500cc to 800cc segment was worth over USD 30.4 billion in 2023 and is likely to register at a CAGR of 5.9% from 2024 to 2032. Engines ranging from 500cc to 800cc offer an optimum blend of power and mobility, making them suitable for a wide range of applications including construction equipment, agricultural gear, and leisure vehicles. In addition to this they provide a balanced blend of performance and efficiency, making them perfect for heavy-duty work in professional and business sectors. Their dependability and durability make them a top option for users looking for engine solutions that can efficiently manage heavy workloads.
 

Small Off Road Engines Market Revenue Share, By No. of Cylinders, 2023

Based on No. of Cylinders, the double cylinders segment accounted for 38% of market share in 2023 and is set to grow at a CAGR of 6.8% from 2024 to 2032. Double cylinder engines are preferred for their greater power production and smoother operation, making them ideal for demanding applications. Their outstanding balance and stability are critical for equipment used in construction, agriculture, and leisure vehicles, providing dependable operation in extreme conditions. This makes double-cylinder engines the ideal option where durability and operational economy is important.
 

North America Small Off Road Engines Market Size, 2021 - 2032 (USD Billion)

North America small off road engines market size surpassed USD 31.8 billion in 2023 and is expected to grow at a robust CAGR of 6.8% during 2024 and 2032, due to the increasing demand for gardening and landscaping equipment/machinery. According to the National Gardening Association, more than 90 million families in the United States engage in some form of gardening or landscaping. In the United States, many gardeners believe that gardening is beneficial to the mind, body, and soul. As a result, elderly people will contribute to the overall demand for gardening equipment and small engines.
 

Furthermore, the growing number of upcoming residential and commercial projects, as well as the growing activity of transforming outdoor spaces into relaxing areas such as entertainment, lounge, outdoor kitchen, and party spots, is increasing demand for gardening and landscaping activities, propelling the market share.
 

Country-Level Analysis

The U.S. dominated the North America small off road engines market with USD  27.1 billion in 2023. The United States has a significant demand for gardening and landscaping equipment due to its wide rural and suburban areas. Gardening and outdoor activities are extremely popular among households, creating a strong market for equipment designed to meet these needs.
 

Germany is expected to expand at a CAGR of over 6.4% owing to Germany's strong emphasis on environmental sustainability and regulations is promoting the adoption of cleaner and more efficient compact off-road engines. This tendency reinforces the country's commitment to strict emission standards, resulting in increased market demand for ecologically friendly gardening and landscaping equipment.
 

China dominated the Asia Pacific small off road engines market accounted for 21% of market share in 2023, with a large domestic market engaged in agricultural operations, gardening, and construction, small engines are in high demand. Furthermore, China is a major global hub for the production of small engines and related equipment, using economies of scale and competitive pricing to efficiently meet demand from both domestic and international markets.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of small off road engines was reached USD 63.2 billion in 2023 and is anticipated to register 6.7% CAGR between 2024 and 2032, owing to the growing popularity of recreational activities worldwide.

The 500cc to 800cc segment of the small off road engines market was valued at USD 30.4 billion in 2023 and is expected to grow at 5.9% CAGR from 2024 to 2032, as they offer an optimum blend of power and mobility in a wide range of applications.

North America small off road engines market size surpassed USD 31.8 billion in 2023 and is expected to grow at 6.8% CAGR during 2024 and 2032, due to the increasing demand for gardening and landscaping equipment/machinery.

Kawasaki Heavy Industries, Ltd, Kohler Co, Kubota Corporation, Lifan Industry (Group) Co., Ltd, Liquid Combustion Technology, LLC, Loncin Motor Co., Ltd, Mitsubishi Heavy Industries Engine & Turbocharger, Ltd, Motorenfabrik Hatz GmbH & Co. KG, Yamaha Motor Co., Ltd, and Yanmar Co., Ltd. among others.

Small Off-road Engines Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 503
  • Countries covered: 24
  • Pages: 270
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