Market research reports, consulting: Global Market Insights Inc.

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Small Off-road Engines Market Size

Report ID: GMI4679 Published Date: July 2024Report Format: PDF
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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 Market

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.

Author: Preeti Wadhwani, Aishvarya Ambekar
Frequently Asked Question(FAQ) :

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.

Small Off-road Engines Market Scope

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