Small Off Road Engines Market Size - By Engine displacement (Upto 100cc, 100-500cc and 500cc to 800cc), By No. of Cylinders (Single, Double and Multi), By Drive shaft orientation, By end-use, By Distribution Channel, By Region, Forecast 2024 – 2032
Report ID: GMI4679
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Published Date: May 2020
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Report Format: PDF
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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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Small Off Road Engines Market Size
Small Off Road Engines Market was valued at USD 63.2 billion in 2023 and is anticipated to register a CAGR of 6.7% between 2024 and 2032, due to the rising use of garden tools such as chainsaws and lawn mowers. Homeowners and landscaping professionals are both major contributors to the growing demand.
Small off-road engines are increasingly used in the construction and agricultural industries for powering equipment such as compact loaders, micro excavators, and tillers. As these areas increase, so does the demand for such engines, propelling the SORE market forward. Furthermore, the growing popularity of recreational activities requiring small off-road engines, such as off-road riding and boating, is driving market expansion.
The development of modern, fuel-efficient, and environmentally friendly engines requires significant investments in technology and materials, which can be difficult for smaller businesses and may result in higher consumer costs. Furthermore, meeting strict emission requirements set by governments is expensive and technically challenging, requiring extensive research and development to ensure that engines comply without losing performance or increasing costs.
Small Off Road Engines Market Trends
Increased environmental concerns and strict emission regulations are causing a transition towards electric and hybrid engines in the small off-road engines business. These engines offer decreased emissions, less noise, and improved efficiency. Furthermore, smart technologies such as GPS tracking, remote monitoring, and predictive maintenance are being integrated by manufacturers to enhance the usability and efficiency of these engines.
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.
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.
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.
Small Off Road Engines Market Share
The global small off road engines industry is consolidated in nature, with prominent players such as Kubota Corporation, Briggs & Stratton Corporation, Kawasaki Heavy Industries, Ltd., Kohler Co., Yanmar Co., Ltd. and Honda Motor Co., Ltd. accounting for ~50% of the market share. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaboration, to consolidate their market position and meet the growing consumer demand.
Small Off Road Engines Market Companies
Major players operating in the small off road engines industry include:
Small Off Road Engines Industry News
This small off road engines market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) and volume (Thousand Units) from 2021 to 2032, for the following segments:
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Market, By Engine Displacement
Market, By No. of Cylinders
Market, By Drive Shaft Orientation
Market, By End Use
Market, By Distribution Channel
The above information is provided for the following regions and countries: