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Small Off Road Engines Market Size
- Report ID: GMI4679
- Published Date: Jul 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Small Off-road Engines Market Size in 2023: | USD 63.2 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 6.7% |
| 2032 Value Projection: | USD 112.6 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 270 |
| Tables, Charts & Figures: | 503 |
| Segments covered: | Engine displacement, No. of Cylinders, Drive shaft orientation, End Use, Distribution Channel, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
Frequently Asked Questions (FAQ) :
Small Off-road Engines Market Scope
