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Small Off-road Engines Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast to 2026

Author : Ronak Bora | Published Date : 2020-09-16 

Top 3 trends augmenting small off-road engines market size by 2026

The small off-road engines market is estimated to grow exceptionally by 2026 owing to increasing emphasis on maintaining garden spaces using advanced machineries. Small off-road engines (SORE) have found considerable application across diverse industries such as construction and automotive. These engines are used in golf carts, mortar mixers, boring units and power snowmobiles, among others.

Driven by the need to provide products with better performance and reliability, companies operating in the SORE market have started to introduce technologically advanced products as well as signed mergers and acquisitions with other manufacturing leaders. In 2018, Briggs and Stratton Corporation, a leading provider of gasoline fueled outdoor power equipment, announced an acquisition of some assets of Hurricane Inc., to bring in its high-quality manufacturing expertise to help accelerate the firm’s commercial lawn and turf product portfolio.

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With such strategic developments, Global Market Insights, Inc., suggests that the small off-road engines market may exceed USD 14.5 billion by 2026. This growth can also be attributed to geographic expansions activities conducted by companies and diversification of product features to cater to different end-use sectors.

Elaborating on some of the ongoing trends in the small off-road engines market:

  1. Robust demand across the agricultural sector

Small off-road engines with engine displacement ranging between 500cc to 800cc are witnessing a huge demand across the agricultural sector. Estimates suggest that the demand for small off-road engines based equipment will grow rapidly given to increasing emphasis on boosting production capacity across the agriculture business landscape.

These engines are increasingly used to power different machines and equipment like pumps, tiller and cultivators. On this note, it is anticipated that the market for SORE in the agricultural segment may record an estimated 4.5% CAGR between 2020 to 2026.

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  1. Rising demand for multi-cylinder small off-road engines

Small off-road engines are compact internal combustion engines that are gasoline-powered and are used to power low duty machines and equipment. The demand for engines which have multi-cylinders is projected to grow substantially over the coming years, owing to their low vibrations, low emission rate and high-power output, features which enable their extensive use across a wide range of sectors. Studies suggest that the multi cylinder SORE segment accounts for 35% of overall market revenue share and will grow significantly by 2026.

  1. Europe to register considerable product demand

Europe small off-road engines market is expected to register substantial growth over the forecast period given to rising developments in the construction and automotive sectors of countries like Russia, France and Germany. Robust demand for snowmobiles, all-terrain vehicles ATVs and golf carts rigged with small off-road engines is fueling the regional industry growth.

Additionally, presence of renowned product manufacturers in the region initiating business strategies such as technological advancements, geographic expansions and partnerships may favor the small off-road engines market of Europe.

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Report Content

Chapter 1. Methodology and Scope

1.1.  Market definitions

1.2.  Base estimation & working

1.2.1. North America

1.2.2. Europe

1.2.3. APAC

1.2.4. LATAM

1.2.5. MEA

1.3.  Forecast calculation

1.3.1. COVID-19 impact calculations on industry forecast

1.4.  Data sources

1.5.  Primary

1.6.  Secondary

1.6.1. Paid sources

1.6.2. Public sources

Chapter 2. Executive Summary

2.1.  Small off-road engines industry 360° synopsis, 2016 – 2026

2.1.1. Business trends

2.1.2. Engine displacement trends

2.1.3. Number of cylinder trends

2.1.4. Drive shaft orientation trends

2.1.5. End-use sector trends

2.1.6. Distribution channel trends

2.1.7. Regional trends

Chapter 3. Small Off-Road Engines Industry Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2016 – 2026

3.3.  Industry ecosystem analysis

3.3.1. Profit margin analysis

3.3.2. Value addition at each stage

3.3.3. Distribution channel analysis

3.3.4. Vendor matrix

3.3.4.1.    List of key manufacturers and suppliers

3.3.4.2.    List of key/potential customers

3.4.  Innovation & sustainability

3.4.1. Technology landscape

3.4.2. Future trends including COVID-19 impact

3.4.2.1.    Production trends

3.4.2.1.1.    North America

3.4.2.1.2.    Europe

3.4.2.1.3.    Asia Pacific

3.4.2.1.4.    LATAM

3.4.2.1.5.    MEA

3.4.2.2.    Demand trends

3.4.2.2.1.    North America

3.4.2.2.2.    Europe

3.4.2.2.3.    Asia Pacific

3.4.2.2.4.    LATAM

3.4.2.2.5.    MEA

3.5.  Industry megatrends

3.6.  Industry impact forces

3.6.1. Growth drivers

3.6.1.1.    Rising technological advancement

3.6.1.2.    Increasing consumer spending and presence of industry players

3.6.1.3.    Escalating use of product in gardening/landscaping industry

3.6.2. Industry pitfalls & challenges

3.6.2.1.    High noise, vibration and increased pollution levels

3.6.2.2.    Increasing uncertainties and significant policy focus toward environment

3.7.  Regulatory trends

3.7.1. U.S.

3.7.2. Europe

3.7.3. Asia Pacific

3.8.  Growth potential analysis

3.9.  Competitive landscape, 2019

3.9.1. Company market share, 2019

3.9.2. Strategy dashboard

3.10.    Porter’s analysis

3.10.1.  Supplier power

3.10.2.  Buyer power

3.10.3.  Threat of new entrants

3.10.4.  Threat of substitutes

3.10.5.  Industry rivalry

3.11.  Price trends

3.11.1.  Regional price trends

3.11.2.  Cost structure analysis

3.11.2.1.    R&D cost

3.11.2.2.    Manufacturing & equipment cost

3.11.2.3.    Raw material cost

3.11.2.4.    Distribution cost

3.11.2.5.    Operating cost

3.11.2.6.    Miscellaneous cost

3.12.  PESTEL analysis

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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