Europe Small Off-road Engines Market size surpassed USD 15,484 million in 2020 and is estimated to expand at over 5.8% CAGR between 2021 and 2027. Various government regulations, policy and guidelines aim to promote gardening and landscaping in public places to support green movement and beautify public places in the area will boost the market expansion.
Get more details on this report - Request Free Sample PDF
A strong demand for all-terrain vehicles, power snowmobiles, mortar mixers, boring units, and golf carts with small off-road engines is driving the development of industries in the region. In addition, the presence of well-known product manufacturers in the region has initiated business strategies such as geographic expansion, technological advancements, and partnerships, which can support the market growth. For instance, in 2018, Briggs and Stratton Corp., a leading gasoline-powered outdoor appliance supplier, announced the acquisition of certain assets from Hurricane Inc. to use their high-quality manufacturing expertise to fuel the demand for the company's turf and commercial products portfolio.
The COVID-19 pandemic has caused the demand for small engines for general off-road applications to drop sharply to unprecedented levels. The year-on-year decline in 2020 is extremely difficult to quantify the specific impacts of COVID-19 as it is still spreading and seizing the economy with its force of death. Further, the shutdown of major industrial activities is estimated to slowdown the market growth.
Get more details on this report - Request Free Sample PDF
500 cc – 800 cc segment will witness over 5% growth rate till 2027 owing to actively developing small trucks, specifically for farms. Powerland 900d tractors with a power of up to 800 cc are specially designed for farmers to easily farm, drag, and spray under agricultural conditions and use the power tools they need. In addition, their excellent performance and low fuel consumption make them ideal for handling large amounts of dirt to withstand prolonged use under extreme conditions.
Twin or double cylinder engines held over 30% Europe small off-road engines market share in 2020. The higher magnitude power makes the double cylinder preferable, making it ideal to mow the land between one to two acres. In addition, Two-cylinder engines are pleasant to use as they tend to burn fuel more cleanly. They are easier to start and ensure a longer service life of the machine. All of these have minimal or no vibration, and run quieter, leading many people to choose V-Twin over its similar products.
Get more details on this report - Request Free Sample PDF
Vertical propeller shaft motors will dominate this field as it is a very popular motor choice among small mower owners due to its lightweight design, smooth operations, and overall efficient propulsion system. In addition, these motors are also widely used in karts, small electric bicycles, and other small industrial or construction equipment. Furthermore, vertical drive shaft engine can provide users with maximum speed, power, and controllability when navigating on various terrains and terrains.
The agriculture/landscape sector generated around USD 1 billion in revenue in 2020 led by strong growth in the lawn and gardening industry. The improvement of living standards and the increase of disposable income are the key factors for the development of the horticulture industry. The tax system and easy access to attractive insurance and financing options will encourage consumers to purchase new lawn and gardening equipment.
The OEM segment is expected to grow at over 5.5% CAGR during the forecast period. The OEM distribution channel contributes toward product quality, reliability, and cost-effective post-sales services. In addition, increasing durability, safety, and quality service are the other key factors for this segment growth along with reduced maintenance costs.
Participants in Europe small off-road engines market mainly focus on product innovations, mergers, acquisitions, and expansions to gain a competitive advantage in the industry. For example, in March 2020, Kubota announced the development of a new large-displacement industrial diesel engine, which meets the requirements of S7509 Stage V EU regulation.