The Small Off-Road Utility Engines research report published by Stratview Research, is an in-depth analysis of the latest developments, market size, future technologies, market drivers, upcoming challenges, with key company profiles. The research study provides market overview, opportunities in the market, sales and revenue by region and much more business intel.
This research analyses niche markets, potential threats, and competitive strategy in various segments based on the Small Off-Road Utility Engines Market competitive landscape and development model in various parts of the world. This research throws light on the business strategies of the key players that might help in the growth of other companies during the pandemic era.
Impact of COVID-19 on Small Off-Road Utility Engines Market
As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.
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Key Players:
- Briggs & Stratton Corporation (KPS Capital Partners)
- Chongqing Zongshen Engine Manufacture Co., Ltd.
- Deutz AG
- Honda Motor Co., Ltd.
- Husqvarna Group
- Kawasaki Heavy Industries, Ltd.
- Kohler Co.
- Loncin Motor Co. Ltd.
- Yamaha Motor Co. Ltd.
Growth drivers and Market Value:
This report, from Stratview Research Small Off-Road Utility Engines Market value and growth drivers over the trend period of 2021-26. According to the report -
The COVID-19 pandemic has brought huge dynamics to the market. There have been different degrees of impact of the pandemic in different regions and segments. For instance, based on estimates of OPEI (Outdoor Power Equipment Institute), the USA witnessed robust growth in consumer lawnmower shipments by more than 15% in 2020 (YoY) with 7.7 million units shipped, whereas the commercial lawnmower shipments faced a decline of 5%. A similar trend was observed in the SORE market too.
Segment Analysis:
By Fuel Type
Based on the fuel type, the market is segmented as gasoline, electric, and others. Gasoline is expected to remain the most dominant segment of the market during the forecast period; however, there has been an increasing demand for electric engines with the replacement of gasoline engines. For instance, lawnmowers, which have four-stroke gasoline engines, have been witnessing a paradigm shift towards electric lawnmowers, especially in robotic lawnmowers. Improved NVH performance, emission reduction, and low cost are some key driving factors for electric engines over gasoline and diesel engines.
By Region
In terms of regions, North America is expected to remain the largest market for small off-road utility engines during the forecast period. The USA is the world’s largest market for small off-road utility engines. The country’s market is marked by the presence of various engine manufacturers as well as outdoor power equipment manufacturers. Significant demand from residential lawn and garden and outdoor power equipment, unlike the developing Asian economies with a relatively high demand for small engines for commercial usage.
Competitive Analysis: Understanding your rivalry is critical to your success. This section includes an analysis of your key competitors, their products/services, their differentiators, and market shares, etc.
Target Market and Audience: Identifying and prioritizing specific target markets is another key part of any industry, where research is crucial. Stratview Research’s report will help you find more about the demographics and buying behaviours of your potential customers.
Key Considerations for Market Forecast:
- Impact of lockdown, supply chain disruptions.
- Pre and post-COVID-19 market estimates
- Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
Impact of COVID-19 on the Global Market
The Small Off-Road Utility Engines report compiled by Stratview Research offers in-depth study of market opportunities and market impact that are stirred due to the COVID-19 pandemic. The detailed research report focuses upon the direct and indirect impact of COVID-19 with new product launches, M&As, supply chain overview, government regulations, strategies adopted by related market, etc.
Sneak peek into the Report:
The report provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market forecast analysis
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends & Key success factors
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