Flying The Web For News.
  • Career Exam Study
    Career Exam Study
  • E-commerce Guide
    E-commerce Guide
  • Dropshipping Guide
    Dropshipping Guide
  • Microsoft Exam
    Microsoft Exam
  • IT Career News
    IT Career News
+ Larger Font | - Smaller Font
Share

COVID-19 Map Tracker | COVID-19 News Features


Globe NewsWire News Distribution Service



Selbyville, Delaware, April 08, 2021 (GLOBE NEWSWIRE) --


Global Market Insights Inc. has recently added a new report on the small off-road engines (SORE) market which estimates the market valuation for small off-road engines will cross US$ 80 billion by 2027. The escalating use of small off-road engines to power several equipment/machinery across diverse end-use sectors will support the market expansion.

500cc to 800cc accounts for over 40% share in small off-road engines market revenue in 2020 on account of their greater fuel efficiency and improved adaptability for various commercial applications. In addition, they offer superior balance, smooth easy starting, low vibration, improved valve life, lower emissions, and instant return to maximum power varying operations. This makes them suitable for construction and automotive industries, where they power golf carts, snowmobiles, utility vehicles, mortar mixers, portable tampers, boring units, concrete saws, and pumps.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4679

Multi cylinder small off-road engines market volume will witness around 5% CAGR through 2027 owing to their extensive usage across various end-use sectors. Further, their availability in compact sizes, offers high power, low vibration and enables quick cooling due to more cooling surface area and smaller cylinder bore will increase their demand for various equipment/machines over the forecast spell.

Increasing agricultural activities and investments in the agriculture industry have primarily driven the demand for small off-road engines. These engines provide ideal power for sprayers and fertilizer spreaders and for specialized equipment used in the farm. Manufacturers, such as Yanmar and Honda, offer a wide range of agricultural small engines for various machines and equipment such as sprayers, spreaders, tillers, cultivators, pumps, shredders, and tractors, among others.

Based on the distribution channels, the industry is primarily segmented into original equipment manufacturers and aftermarket distributors. Product distribution through aftermarket suppliers will witness a growth rate of more than 5% during the forecast spell. This is owing to low replacement rate and cost affordability when compared to original equipment manufacturers.

Europe small off-road engines market size contributes for over 25% share with increasing community engagement in the implementation of green spaces and landscaping expenditure. European countries boast climates, which in summer and spring encourage green gardens, lush, and greenery along with showy flowers and shrubs. The increasing applications of small engines in equipment for gardening and landscaping will drive the regional market.

Some major findings of small off-road engines market report include:
  • Rising importance toward the maintenance of urban green spaces will positively influence the product penetration in the market.
  • Increasing product demand from domestic, construction, agriculture, and industrial sectors will positively influence product growth in the coming years.
  • The small off-road engines industry participants includes Briggs & Stratton Engines, Kubota Corporation, Honda Motor, Yamaha Motor.
  • Product manufacturers are primarily focusing on technology advancement, geographic expansion, product innovation, and merger & acquisition strategies in the long run.

Request for customization of this research report at https://www.gminsights.com/roc/4679

Partial chapters of report table of contents (TOC):

Chapter 3. Small Off-Road Engines Industry Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2017 – 2027

3.3.  Industry ecosystem analysis

3.3.1. Profit margin analysis

3.3.2. Value addition at each stage

3.3.3. Distribution channel analysis

3.3.4. Vendor matrix

3.3.4.1.    List of key manufacturers and suppliers

3.3.4.2.    List of key/potential customers

3.4.  Innovation & sustainability

3.4.1. Technology landscape

3.4.2. Future trends including COVID-19 impact

3.4.2.1.    Production trends

3.4.2.1.1.    North America

3.4.2.1.2.    Europe

3.4.2.1.3.    Asia Pacific

3.4.2.1.4.    LATAM

3.4.2.1.5.    MEA

3.4.2.2.    Demand trends

3.4.2.2.1.    North America

3.4.2.2.2.    Europe

3.4.2.2.3.    Asia Pacific

3.4.2.2.4.    LATAM

3.4.2.2.5.    MEA

3.5.  Industry megatrends

3.6.  Industry impact forces

3.6.1. Growth drivers

3.6.1.1.    Rising technological advancement

3.6.1.2.    Increasing consumer spending and presence of industry players

3.6.1.3.    Escalating use of product in gardening/landscaping industry

3.6.2. Industry pitfalls & challenges

3.6.2.1.    High noise, vibration and increased pollution levels

3.6.2.2.    Increasing uncertainties and significant policy focus toward environment

3.7.  Regulatory trends

3.7.1. U.S.

3.7.2. Europe

3.7.3. Asia Pacific

3.8.  Growth potential analysis

3.9.  Competitive landscape, 2020

3.9.1. Company market share, 2020

3.9.2. Strategy dashboard

3.10.      Porter’s analysis

3.10.1.  Supplier power

3.10.2.  Buyer power

3.10.3.  Threat of new entrants

3.10.4.  Threat of substitutes

3.10.5.  Industry rivalry

3.11.  Price trends (including COVID-19 impact)

3.11.1.  Regional price trends

3.11.2.  Cost structure analysis

3.11.2.1.     R&D cost

3.11.2.2.     Manufacturing & equipment cost

3.11.2.3.     Raw material cost

3.11.2.4.     Distribution cost

3.11.2.5.     Operating cost

3.11.2.6.     Miscellaneous cost

3.12.  PESTEL analysis

About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
 


Posted: 2021-04-08 08:00:00

Get Full News Story On GlobeNewsWire Press Release Service


Listen to this article. Speaker link opens in a new window.
Text To Speech BETA Test Version.



Related News Stories From The Web And More

Related Bing News Search Results

Press Release: Small Off-Road Engines (SORE) Market to cross $80 Bn by 2027; Global Market Insights Inc. - Newscast

Ophthalmic Operating Room Microscope Market to Reach $593.18 Mn, Globally, by 2027 at 5.1% CAGR: Allied Market Research

Mon, 12 Apr 2021 06:15:00 GMTAllied Market Research published a report, titled, "Ophthalmic Operating Room Microscope Market by Product (On Casters, Wall Mount, Table ...

Point of Care Molecular Diagnostics Market revenue to cross USD 4.8 Bn by 2027: Global Market Insights Inc.

Mon, 12 Apr 2021 04:00:00 GMTPoint of care molecular diagnostics market for sequencing technology segment is poised to expand at more than 7.5% CAGR through 2027 due to growing applications of sequencing technology for diagnosis ...

Smart Elevator Market Revenue to Cross $23.5 Bn by 2027; Global Market Insights, Inc.

Mon, 12 Apr 2021 02:00:00 GMTGlobal Market Insights Inc. has recently added a new report on the smart elevator market which estimates the market valuation for ...

Omeprazole Global Market Research Report 2021 Growth Size by Opportunities, Share and Forecast to 2027 | Says Kenneth Research

Sun, 11 Apr 2021 23:13:00 GMTThe report additionally shares critical insights on Omeprazole Global Market, along with the compound ... in the year 2018 is anticipated to hold the largest market share by the end of 2027 and cross ...

Prurigo Nodularis Treatment Market revenue to cross USD 1.5 Bn by 2027: Global Market Insights Inc.

Thu, 08 Apr 2021 02:00:00 GMTAPAC prurigo nodularis treatment market is poised to expand at more than 4.5% CAGR through 2027 owing to increasing prevalence of prurigo nodularis and entry of major companies in the ...

Related News Story Videos From Youtube