Small Off-road Engines Market Analysis

Small Off-road Engines Market Analysis

100cc to 500cc small off-road engines industry is likely to witness around 5.5% CAGR from 2021 to 2027 driven by their high-performance with extended durability, lesser emission, and noiseless performance. Additionally, an exceptional power output with lower fuel consumption makes them suitable for high debris applications to endure extended use in extreme conditions. These factors will increase product penetration in the construction, agriculture, and gardening/landscaping end-use sectors.

In 2020, twin or double cylinder engines accounted for over 35% of the small off-road engines market revenue share and are expected to see significant growth through 2027 owing to its superior performance with high durability. In addition, the availability of double cylinder engines in small displacement variants, i.e., 100cc to 200cc will surge their growth in various domestic applications in the near term.

Vertical drive shaft engines to dominate the segment and will foresee a strong growth of more than 5% till 2027. They offer superior performance and prolonged durability in various applications that mainly include landscaping and gardening equipment such as lawnmowers, leaf blowers, tillers, trimmers, etc. Simple setup, low maintenance, and relative availability of the product will surge their penetration across various end-use sectors.

Gardening & landscaping segment generated around USD 30 billion in 2020. Strong growth in the lawn & garden industry will foster small off-road engines market revenue. Growing standards of living and increasing disposable incomes are key factors influencing the adoption of gardening activities. Moreover, rising consumer spending toward new garden and lawn equipment along with favorable tax regime and easy availability of attractive insurance & finance options will propel consumers to purchase new lawn & garden equipment.
 

y, provision of safety, and superior service with reduced maintenance are among the other key factors boosting segment growth. Consumer propensity toward product reliability, quality, and cost-effective post-sales services will surge product growth through OEMs through 2027.
 

North America holds above 50% market share due to growing demand for equipment/machinery in gardening & landscaping activities. According to the National Gardening Association, more than 90 million U.S. households participate in some type of garden and lawn activity. In the U.S., many gardeners agree that gardening is good for the mind, body, and soul. Thus, the aging population will support the demand for gardening equipment and small engines collectively. Additionally, the increasing number of upcoming residential and commercial projects along with growing activities of transforming outdoor spaces into relaxing areas, such as entertainment, lounge, outdoor kitchen, and party spots, is boosting the demand for gardening & landscaping activities and thereby propelling small off-road engines market size.
 

Moreover, the presence of large players, such as Briggs & Stratton and Kohler, is predicted to escalate the regional market trends. Industry participants are majorly focusing on expanding their presence and product portfolio, which are further expected to surge the industry demand. In August 2019, Briggs & Stratton Corporation announced the expansion of its manufacturing facility to produce small gasoline engines used in lawnmowers in the U.S., which will increase its presence and add new jobs in the region.