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Small Off Road Engines Market Report | Covid-19 Impact Analysis
The Small Off-road Engines Market is Segmented by Engine Displacement Type (Up to 100cc, 100cc to 500cc, and 500cc to 800cc), by Number of Cylinders Type (Single Cylinder, Double Cylinder, and Multi-Cylinder), by Drive Shaft Orientation Type (Horizontal, Vertical), by End-Use Sector Type (Agriculture, Domestic, Gardening/Landscaping [Residential and Commercial], Industrial, Automotive, and Construction), by Distribution Channel Type (OEM, Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Small Off-road Engines Market is Segmented by Engine Displacement Type (Up to 100cc, 100cc to 500cc, and 500cc to 800cc), by Number of Cylinders Type (Single Cylinder, Double Cylinder, and Multi-Cylinder), by Drive Shaft Orientation Type (Horizontal, Vertical), by End-Use Sector Type
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Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
See less...Covid-19 has impacted the market dynamics, competition, and global...
See more...Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Small Off-road Engines Market is likely to witness an impressive CAGR of 5.0% during the forecast period. Major factors such as growing participation in gardening and landscape activities globally, increasing urbanization, ongoing trends in campus and corporate gardening and urban farming, increasing technological enhancements, and growing consumer spending and presence of industry players are expected to fuel the market growth during the forecast period.
Small Off-road Engines Market - Snapshot |
|
Growth |
5.0% for the next five years |
Major Engine Displacement Type |
100cc to 500cc |
Leading Number of Cylinders Type |
Double Cylinder |
Major Drive Shaft Orientation Type |
Vertical |
Dominant End-Use Sector Type |
Gardening/Landscaping |
Largest Distribution Channel Type |
OEM |
Region with the highest demand |
Asia-Pacific |
Key Players |
Briggs & Stratton Corporation, Chongqing Zongshen Power Machinery Co., Ltd., Honda Motor Co., Ltd., Kawasaki Heavy Industries, Ltd., Kohler Co., Kubota Corporation, Lifan Industry Co., Ltd., Loncin Motor Co., Ltd., Motorenfabrik Hatz GmbH & Co. KG, and Yanmar Co., Ltd. |
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Based on the engine displacement type, the market is segmented as up to 100cc, 100cc to 500cc, and 500cc to 800cc. Engine displacement type between 100cc to 500cc is estimated to register strong growth owing to its superior performance capabilities with extended durability. This engine displacement type offers noiseless performance, lesser emissions and exceptional power output with lower fuel consumption, and is specifically designed for high debris applications. On the other hand, 500cc to 800cc type of engine displacement is also expected to witness robust growth in the market during the forecast period owing to its greater fuel efficiency and enhanced adaptability for various commercial applications.
Based on the number of cylinders type, the market is segmented as single cylinder, double cylinder, and multi-cylinder. The double cylinder engine is likely to hold the major share of the market during the forecast period owing to its superior performance with higher durability. In addition, multi-cylinder engine is estimated to witness significant growth in the market due to its compact size, offering lower vibration and enabling quicker cooling with more cooling surface area and smaller cylinder bore.
Based on the drive shaft orientation type, the small off-road engines market is segmented as horizontal and vertical. The vertical drive shaft engine is anticipated to witness significant growth rate in the market during the forecast period. Factor such as simple setup, lower maintenance, and relative availability of product is further expected to boost the segment’s growth during the forecast period.
Based on the end-use sector type, the market is segmented as agriculture, domestic, gardening/landscaping, industrial, automotive, and construction. The gardening/landscaping segment is estimated to be the dominant end-use sector in the market owing to the extensive use of product to power various gardening and landscaping equipment such as chain saws, leaf blowers, cutters, and garden tillers. On the other hand, domestic and agriculture applications are also expected to witness substantial growth in the market during the forecast period owing to their growing demand from emerging countries.
Based on the distribution channel type, the market is segmented as OEM and aftermarket. The OEM distribution channel is expected to hold the larger share of the market during the forecast period owing to the wide distribution and shifting consumer inclination towards product quality. Safety provision, improved durability, and excellent performance with minimized maintenance cost are the other major factors expected to accelerate the overall market growth during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the fastest-growing region in the market during the forecast period. The growth of the region’s market is attributed to the presence of key players and the easy availability of raw materials, cost effective prices of products, and growing demand for domestic and agriculture equipment. On the other hand, North America is estimated to witness significant growth over the forecast period. The growth of the North American market is attributed to the increasing application of these engines in gardening/landscaping equipment. Also, Europe is expected to offer substantial growth opportunities during the forecast period.
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Some of the major players in the small off-road engines market are-
Small off-road engines are spark ignition engines which possess extensive range of small displacements with insignificant power output and are majorly used in lawn and garden equipment as well as some other outdoor power equipment where independent source of power is required.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Small Off-road Engines Market Research Report - Features |
|
Market Segmentation |
6 |
Regions Covered |
4 |
Countries/Sub-Regions Covered |
17 |
No. of Figures & Tables |
>150 |
Company Profiles |
10 |
The small off-road engines market is segmented into the following categories.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
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Company Profiling
Market Segmentation
Competitive Benchmarking
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The small off-road engines market is expected to witness an impressive growth of 5.0% CAGR in the foreseeable future.
Briggs & Stratton Corporation, Chongqing Zongshen Power Machinery Co., Ltd., Honda Motor Co., Ltd., Kawasaki Heavy Industries, Ltd., Kohler Co., Kubota Corporation, Lifan Industry Co., Ltd., Loncin Motor Co., Ltd., Motorenfabrik Hatz GmbH & Co. KG, and Yanmar Co., Ltd are among the key players in the small off-road engines market.
Asia-pacific is expected to be the fastest growing small off-road engines market during the next five years.
The gardening/landscaping segment is expected to remain dominant end-use sector type in the small off-road engines market in the coming years.
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