On the basis of number of cylinder, the global small off-road engines market from the multi segment is poised to depict a CAGR of nearly 5% through 2027, driven by its extensive usage across multiple end-use sectors, alongside its availability in compact sizes. Moreover, its ability to offer high power, low vibration, as well as allow rapid cooling due to more cooling surface area & small cylinder bore will further impel segmental expansion.
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In terms of segmentation by engine displacement, the 500cc to 800cc segment holds over 40% of the small off-road engines market share, which can be credited to its greater fuel efficiency and high adaptability in myriad commercial applications. The segmental growth is further attributable to its capability to provide superior balance, low vibration, smooth easy starting, low emissions, improved valve life, as well as instant return to its maximum power varying operations, thereby gaining prominence in the automotive and construction industries. This type of product has also been deployed to power pumps, concrete saws, boring units, portable tampers, mortar mixers, utility vehicles, snowmobiles, and golf carts.
With regards to distribution channel, the market is bifurcated into the OEM and aftermarket segments. Of these, the aftermarket segment is likely to exhibit a growth rate of above 5% through 2027, as a result of its low replacement rate and cost-effectiveness as compared to the original equipment manufacturers.
Despite the favorable growth environments, the small off-road engines market may encounter roadblocks to its steady growth over the coming years, due to the rising concerns on the level of air pollutants such as particulate matter, reactive organic gases, and oxides of nitrogen release by the product. For instance, in March 2021, Marc Berman and Lorena Gonzalez, California Assembly members, introduced legislation to discontinue the sale of gas-powered small off-road equipment.
The global small off-road engines market share is slated to proliferate at a commendable pace over the projected timeframe, on account of the mounting product usage to power different types of machinery and equipment across varied end-use sectors. Likewise, the strong focus of the government on maintaining the urban green spaces will expand the scope of the small off-road utility engines. This product has also been gaining increased applications across agricultural, industrial, construction, domestic, and other sectors.
The global market has been observing numerous agricultural activities and subsequent investments in the agricultural sector, resulting in the robust small off-road vehicle engines demand. These engines have been designed to aid the fertilizer spreaders, sprayers, and other specialized equipment used on the farm.
From a regional perspective, the Europe small off-road engines market accounts for around 25% of market share, due to the implementation of urban green strategies by various communities, alongside the high landscaping expenditure. European countries are known for developing green gardens and lush fields with showy shrubs and flowers owing to the favorable climatic conditions. The escalating product usage in equipment for landscaping and gardening will further proliferate regional market dynamics over the estimated timeframe.
Key small off-road engines market participants include Yamaha Motor, Honda Motor, Kubota Corporation, and Briggs & Stratton Engines, among others. These firms are primarily focusing on strategies such as M&A, new product innovations, and technological advancements to expand their geographical presence across the globe.
To illustrate, in May 2020, China Yuchai International Ltd. announced the passing of the off-road European Stage V emission test for its YCA05175-S500 engine, allowing the product to be marketed for off-road applications in the European Union.
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Some Point from Table of Contents:
Chapter 6. Small Off-Road Engines Market, By Drive Shaft Orientation
6.1. Key drive shaft orientation insights
6.2. Horizontal
6.2.1. Market estimates and forecasts, 2017 – 2027
6.2.2. Market estimates and forecasts by region, 2017 – 2027
6.3. Vertical
6.3.1. Market estimates and forecasts, 2017 – 2027
6.3.2. Market estimates and forecasts by region, 2017 – 2027
Chapter 7. Small Off-Road Engines Market, By End-Use Sector
7.1. Key end-use sector insights
7.2. Agriculture
7.2.1. Market estimates and forecasts, 2017 – 2027
7.2.2. Market estimates and forecasts by region, 2017 – 2027
7.3. Domestic
7.3.1. Market estimates and forecasts, 2017 – 2027
7.3.2. Market estimates and forecasts by region, 2017 – 2027
7.4. Gardening/Landscaping
7.4.1. Market estimates and forecasts, 2017 – 2027
7.4.2. Market estimates and forecasts by region, 2017 – 2027
7.4.3. Residential
7.4.3.1. Market estimates and forecasts, 2017 – 2027
7.4.3.2. small off-road engines market estimates and forecasts by region, 2017 – 2027
7.4.4. Commercial
7.4.4.1. Market estimates and forecasts, 2017 – 2027
7.4.4.2. Market estimates and forecasts by region, 2017 – 2027
7.5. Industrial
7.5.1. Market estimates and forecasts, 2017 – 2027
7.5.2. Market estimates and forecasts by region, 2017 – 2027
7.6. Automotive
7.6.1. Market estimates and forecasts, 2017 – 2027
7.6.2. Market estimates and forecasts by region, 2017 – 2027
7.7. Construction
7.7.1. Market estimates and forecasts, 2017 – 2027
7.7.2. Market estimates and forecasts by region, 2017 – 2027
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