Global Off road Engines
Market Report
2024
Global Off road Engines Market is Growing at Compound Annual Growth Rate (CAGR) of 6.2% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Worldwide Off Road Engines market will grow and expand at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Off road Engines Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.2% |
Market Split by Engine Displacement |
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Market Split by Number of Cylinders |
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Market Split by Drive Shaft Orientation |
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Market Split by End-Use Sector |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Off road Engines Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Small off-road engines are spark-ignition engines with a power output of 19 kilowatts or less. These are employed in a broad range of applications, including machinery and non-road vehicles like lawn and garden equipment, personal watercraft, and other outdoor power equipment and specialist vehicles. The rising popularity of lawn and garden equipment, as well as personal watercraft, is boosting the need for tiny off-road engines. Technological advances and developments in horticulture operations have increased the usage of automated equipment since it delivers a high return on investment while also providing comfort and pleasure to the operators. A rising number of users who were previously reliant on physical work to complete tasks now rely on automated fuel-powered equipment.
For instance, Guangxi Yuchai Machinery Group Co., Ltd. displayed its products at the 19th China-ASEAN Expo in September 2022. In the outdoor exhibition area for intelligent equipment (construction machines and vehicles), Yuchai presented the YCK08 diesel engine, which fulfills China's six emission requirements.
(Source:www.globaltimes.cn/page/202209/1275469.shtml)
The electrification of off-highway heavy-duty vehicles is growing, and OEMs are eager to discover how this new trend may complement their existing business models. The trend towards vehicle electrification is predicted to accelerate in the future years, with variables such as battery technology, supply, and overall economics favoring electric cars. Charging infrastructure, battery technology, and total development cost, all have an impact on the adoption of electric solutions. Off-highway vehicle electrification reduces maintenance and fuel usage, resulting in long-term cost benefits. In the Asia-Pacific market, Kubota Corporation and Yanmar Co. Ltd. are two notable suppliers of medium-sized combine harvesters.
The growth rate of the agriculture and construction machinery sectors determines the growth rate of off-highway vehicle engines. Rising agricultural mechanization tendencies in emerging nations, as well as an increase in residential and commercial building projects worldwide, are propelling the construction and agricultural machinery industries.
For instance, Honda extended its current facility in Alamance County, North Carolina, in August 2019. The USD 46.4 million expansion will produce a new generation of Honda's general-purpose engines utilized in the company's latest lawnmowers.
During the forecast period, the off-highway engine market is expected to grow due to increased demand and production of off-road vehicles. Furthermore, the rising use of off-road vehicles in numerous industries such as agriculture, construction, mining, and infrastructure has grown.
However, high costs and maintenance expenses are expected to limit the off-highway engine market considerably. Globally, regulatory authorities are enforcing stringent standards to minimize carbon emissions from autos. Off-highway Vehicle engines can be changed to reduce carbon emissions. This is expected to drive the demand for off-highway machines.
Due to trade limitations established by many nations throughout the world, the COVID-19 epidemic has hampered the expansion of the off-highway vehicle engine sector. Because of the global epidemic of COVID-19, off-highway vehicle sales have decreased, as have off-highway vehicle engine sales. However, following the epidemic, there has been a spike in the manufacturing and sales of off-highway vehicles, which has resulted in an increase in the production of engines for off-highway vehicles.
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The market for Off Road Engines is a highly dynamic and diversified competitive environment. It includes various suppliers, ranging from large multinational enterprises to smaller specialized organizations. Market participants are also undertaking multiple organic or inorganic strategic approaches to strengthen and expand their Worldwide footprint, with significant market developments including new Material portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. Because of automation and technological advancement, businesses compete fiercely to deliver innovative products.
December 2022: Cummins Inc. will present its fuel-agnostic solution based on its Destination Zero plan at the Indian Auto Expo 2023 in December 2022. It will exhibit the fuel-agnostic engine architecture. It uses a single base engine with cylinder heads and fuel systems suited to particular fuels such as diesel, natural gas, renewable natural gas, and hydrogen.
September 2021: Valvoline answered the demands of heavy-duty engines in mid-July with a new product, heavy-duty diesel engines running in tough circumstances and excessive duty cycles.
June 2021: Caterpillar Inc. and Nouveau Monde Graphite Inc. formed a strategic cooperation in June 2021. This partnership was supposed to be used by Caterpillar Inc. to develop, test, and build Cat zero-emission equipment for the Matawinie graphite mine.
(Source:www.caterpillar.com/en/news/caterpillarNews/2021/zero-emission-mine.html)
Top Companies Market Share in Off road Engines Industry: (In no particular order of Rank)
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Global Off road Engines Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Off road Engines Industry growth. Off road Engines market has been segmented with the help of its Engine Displacement, Number of Cylinders Drive Shaft Orientation, and others. Off road Engines market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the 100cc to 500cc small off-road engines market dominates the market, owing to their excellent performance with prolonged durability, lower emissions, and noiseless performance. Furthermore, their outstanding power output combined with low fuel consumption qualifies them for high debris applications that need extended usage in harsh environments. These variables will improve product penetration in the end-use sectors of construction, agriculture, and gardening/landscaping.
The 500cc to 800cc category is growing at the fastest rate. Small off-road engines are expected to see increased demand due to their compact size and strong power output. These engines have found use in a variety of sectors. The growing need for power snowmobiles, boring units, and other off-road vehicles is fueling the automobile industry's desire for tiny off-road engines.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Off road Engines Industry. Request a Free Sample PDF!
Due to their higher performance and excellent durability, win or double-cylinder engines accounted for more than 35% of the small off-road engines market revenue share and are predicted to witness a substantial increase. Furthermore, the availability of double-cylinder engines in small displacement variants (100cc to 200cc) will accelerate their expansion in numerous home applications in the near term.
According to Cognitive Market Research, off-road engine applications include agricultural and construction equipment, mining equipment, lawn equipment, and transport refrigeration units (TRUs) with several engines that are better suited for driving off paved or gravel routes, such as trails and forest roads with rough and low grip conditions.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Off road Engines market report 2024 Edition by contacting our team.
According to Cognitive Market Research, vertical drive shaft engines will dominate the segment and will increase at a rate of more than 5%. They provide exceptional performance and long-lasting durability in a variety of applications, mostly landscaping and gardening equipment such as lawnmowers, leaf blowers, tillers, trimmers, and so on. The product's ease of use, cheap maintenance, and relative availability will increase its adoption across multiple end-use industries.
On the other hand, in the context of engines, a horizontal drive shaft is typically referred to as a shaft that is horizontally oriented and is in charge of transferring force or torque from the engine to other parts, such as axles or wheels. It is essential to the gearbox and functionality of off-road vehicles and equipment.
According to Cognitive Market Research, gardening/landscaping category dominated the market in 2023. Strong expansion in the lawn and garden business will drive market revenue for compact off-road engines. Growing living standards and disposable money are important elements affecting the uptake of gardening activities. Furthermore, increased consumer expenditure on new garden and lawn equipment, a favorable tax structure, and the simple availability of appealing insurance and finance alternatives will encourage consumers to acquire new lawn and garden equipment.
Their compactness benefits all of their end consumers. The growing emphasis on increased output in agriculture is prompting farmers to use lesser horsepower engines. These engines are used to power tiny pumps, power weeders, rotary tillers, and cultivators.
According to Cognitive Market Research, OEMs had more than 90% of the market in 2023, owing to their extensive distribution network. However, improved durability, safety, and greater service with less maintenance are some of the other significant drivers driving industry expansion. Consumer preference for product dependability, quality, and cost-effective after-sales services will drive OEM product growth.
Many businesses manufacture aftermarket components that are frequently engineered to be compatible with as many makes and models as feasible. High-quality aftermarket components are as excellent as OEM parts, if not better in some circumstances, and are thus predicted to grow at a rapid pace.
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 35% of the worldwide revenue due to several variables. The North American region dominates the market for Off Road Engines. North America controls more than half of the market due to rising demand for gardening and landscaping equipment/machinery. According to the National Gardening Association, more than 90 million American homes engage in garden and lawn activities. Many gardeners in the United States feel that gardening is excellent for the mind, body, and spirit. As a result, the aging population will jointly boost the need for gardening equipment and small engines. Furthermore, the growing number of upcoming residential and commercial projects, as well as the growing activities of transforming outdoor spaces into relaxing areas such as entertainment, lounges, outdoor kitchens, and party spots, are increasing the demand for gardening and landscaping activities and as a result, propelling the market size of small off-road engines.
Despite volatile growth in the real estate sector, significant development of rail and road infrastructure by countries throughout the Asia-Pacific region to meet demand from the expanding industrial and service sectors has resulted in substantial growth in the construction industry in recent years. These expanding infrastructure operations increased the need for off-highway vehicles, and demand for their engines grew concurrently. Because the construction sector is controlled by both state-owned and private firms, increasing government and private investment is driving the industry to worldwide domination. Excavators and other forms of construction gear are predicted to expand in nations such as India, China, and Japan throughout the forecast period.
The current report Scope analyzes Off road Engines Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Off road Engines Market is witnessing significant growth in the near future.
In 2023, the Up to 100cc segment accounted for noticeable share of global Off road Engines Market and is projected to experience significant growth in the near future.
The Single segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies AGCO Corporation , Cummins Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Engine Displacement | Up to 100cc, 100cc to 500cc, 500cc to 800cc |
Number of Cylinders | Single, Double, Multi |
Drive Shaft Orientation | Horizontal, Vertical |
End-Use Sector | Agriculture, Domestic, Gardening/Landscaping, Industrial, Automotive, Construction, Others |
Distribution Channel | OEM, Distribution Channel |
List of Competitors | AGCO Corporation, Caterpillar Inc., Cummins Inc., Deere & Company, Deutz AG, Komatsu Ltd, Mahindra & Mahindra Limited (Mahindra Powertrain), Scania AB, Volvo Penta, Yanmar Co. Ltd, Weichai Power Co. Ltd, Kubota Corporation |
This chapter will help you gain GLOBAL Market Analysis of Off road Engines. Further deep in this chapter, you will be able to review Global Off road Engines Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Off road Engines Market Trends North America Off road Engines Technological Road Map North America Off road Engines Market Drivers North America Off road Engines Market Restraints North America Off road Engines Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Engine Displacement Analysis 2019 -2031, will provide market size split by Engine Displacement. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Engine Displacement Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Number of Cylinders Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Drive Shaft Orientation Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by End-Use Sector Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 14 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Off road Engines market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Up to 100cc have a significant impact on Off road Engines market? |
What are the key factors affecting the Up to 100cc and 100cc to 500cc of Off road Engines Market? |
What is the CAGR/Growth Rate of Single during the forecast period? |
By type, which segment accounted for largest share of the global Off road Engines Market? |
Which region is expected to dominate the global Off road Engines Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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