September 15, 2021
According to the research report titled ‘Asia Pacific Small Off-road Engines Market Forecast 2027 by Number of Cylinder, Engine Displacement, Drive Shaft Orientation, End-use Sector, Distribution Channel, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report, Asia Pacific small off-road engines market is poised to record a healthy CAGR through 2027.
Adoption in gardening and landscaping applications, coupled with presence of major players in the region are primarily driving Asia Pacific small off-road engines market growth.
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In addition, rapid growth of allotment gardens in urban areas, and rising number of playgrounds & golf courses in the region are augmenting the market scope. Multiple future commercial projects is likely to increase the deployment of these engines, thus positively swaying the market dynamics.
For the record, small off-road engines are spark-ignition engines with a power output of 19 kilowatts or less. They are extensively used in a variety of equipment, like farm equipment, generators, pumps, blowers, lawn & garden equipment, specialist vehicles, and concrete mixers that require an independent source of power to operate.
Based on engine displacement type, 100-500cc segment of Asia Pacific small off-road engines market is poised to grab a significant share in the coming years. This can be attributed to long service life, exceptional performance, and strong power output while maintaining an efficient fuel economy, consuming only 280 g/kWh.
On the basis of number of cylinders, single cylinder segment is anticipated to seize 45% share over the projected timeline, owing to growing popularity among low-displacement engines, as it is lightweight & compact, and can fit in smaller frames of various gardening equipment.
Considering end use sector, gardening/landscaping segment accounted for 50% market share in 2020 and is likely to expand with a notable CAGR over the estimated timeline, owing to rising number of playgrounds and gardens in residential neighborhoods and commercial buildings. Likewise, industrial end-use sector is poised to generate USD 900 million by 2027, as small engines are used in various industrial equipment.
Prominent players influencing Asia Pacific small off-road engines industry trends are Mitsubishi Heavy Industries Engine & Turbocharger Ltd., Yamaha Motor Co. Ltd., Kubota Corporation, Chongqing Zongshen Power Machinery Co. Ltd., Chongqing Fuchai Power Machine Manufacture Co. Ltd., Yanmar Co. Ltd., Kohler Co., Kawasaki Heavy Industries Ltd., Honda Motor Co. Ltd., and Briggs & Stratton Corporation.