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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:
- Briggs & Stratton
- Chongqing Fuchai Industry Group
- Chongqing Zongshen Power Machinery Co., Ltd.
- Greaves Cotton Ltd.
- Honda Motor Co., Ltd.
- 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.
- Yanmar Co., Ltd.
Why is the demand for 500cc to 800cc small off road engines rising?
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.
How much is the small off road engines industry worth?
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.
Why is the small off road engines industry growing in North America?
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.
Who are the major small off road engines industry players?
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.