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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.
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 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.
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.