Market Research Report
Small Off-road Engines Market Size By Engine Displacement, Number Of Cylinder, Drive Shaft Orientation, End-use Sector, Distribution Channel, Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2021-2027
|Published by||Global Market Insights Inc.||Product code||998840|
|Published||Content info||290 Pages
Delivery time: 2-3 business days
|Small Off-road Engines Market Size By Engine Displacement, Number Of Cylinder, Drive Shaft Orientation, End-use Sector, Distribution Channel, Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2021-2027|
|Published: April 6, 2021||Content info: 290 Pages||
Small Off-road Engines Market Size By Engine Displacement (Up to 100cc, 100cc to 500cc, 500cc to 800cc), By Number Of Cylinder (Single, Double, Multi), By Drive Shaft Orientation (Horizontal, Vertical), By End-use Sector (Agriculture, Domestic, Gardening/Landscaping, Industrial, Automotive, Construction), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 - 2027.
The small off-road engines market is estimated to grow at a significant rate over the forecast time period due to the surging product demand from agriculture and landscaping/gardening industry, expanding industrial and construction activities, high demand for snowmobiles and other off-road vehicles, and growing demand for pressure washers, snow blowers, and portable generators.
Small-road engines mostly consists of compression-ignition engines that are diesel-based. These engines are usually found in a variety of off-road applications like industrial, farming, as well as construction.
Some of the common examples where these kind of engines are used include yard tractors, dozers, loaders, sweepers, scrapers, stackers, graders, and forklifts. Small-off road engines, or SORE, are basically spark-ignition engines that are rated at or below 19 kilowatts. However, these types of engines are largely used in garden and lawn equipment and other types of outdoor power equipment as well as specialty vehicles.
The small off-road engines market is segmented on the basis of engine displacement, number of cylinders, drive shaft orientation, end-user, distribution channel, and regional landscape.
With respect to end-use, the overall market for small-road engines is categorized into construction, automotive, industrial, domestic, gardening/landscaping, and agriculture. Domestic segment is likely to witness a decent CAGR of over 5% through the forecast time period. The growing demand for pressure washers, snow blowers, and portable generators will boost the segmental growth.
The automotive segment is projected to witness a 4% CAGR over the forecast time period. The growth is attributed to the surging demand for snowmobiles as well as off-road vehicles.
Meanwhile, the construction segment currently accounts for over 7% share of the overall market and is anticipated to register similar growth patterns in the times to come. This projected growth is ascribed to the increasing demand for concrete saws, portable tampers, and mortar mixers.
Concrete sawing is an everyday tool of the construction industry, essential for mainly cutting as well as removing concrete along with other masonry in a safe and accurate manner. It is also commonly used building and remodeling work.
From a regional frame of reference, the LATAM region will witness a growth rate of over 5.5% over the forecast time period. The regional growth is attributed to the surging demand from agriculture and landscaping/gardening industry.
Meanwhile, at present, the Middle East & Africa accounts for around 5% share in the overall market revenue and will continue to follow similar growth over the coming time period. The growth is ascribed to the increasing construction as well as industrial actives further increasing the product sales in the region.
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