According to the research report, the global small gas engines market was valued at USD 2.75 billion in 2022 and is expected to reach USD 4.23 billion by 2032, to grow at a CAGR of 4.4% during the forecast period.
Market Overview:
The small gas engines market plays a vital role in powering various applications, including lawn mowers, chainsaws, pressure washers, portable generators, and other outdoor power equipment. Small gas engines are internal combustion engines designed for compact machinery and equipment requiring moderate power outputs. Typically fueled by gasoline, these engines are valued for their efficiency, reliability, and adaptability to diverse applications in residential, commercial, and industrial settings.
The market is driven by the rising demand for outdoor power equipment, advancements in engine technology, and the growing trend toward efficient and environmentally friendly engines. Small gas engines are crucial for industries such as landscaping, construction, and agriculture, where they provide essential power solutions.
Market’s Growth Drivers:
Several factors are contributing to the growth of the small gas engines market:
- Rising Demand for Outdoor Power Equipment: The increased use of lawn care and gardening tools in residential and commercial spaces drives the demand for small gas engines.
- Growing Landscaping Industry: The expansion of landscaping services, especially in urban and suburban areas, fuels the adoption of equipment powered by small gas engines.
- Construction Sector Growth: The use of small gas engines in equipment such as compactors and concrete saws is supported by rising construction and infrastructure projects.
- Technological Advancements: Innovations in small gas engines, including improved fuel efficiency, reduced emissions, and enhanced durability, are boosting market growth.
- Demand for Portable Power Solutions: The increasing need for portable generators and other equipment in emergencies and remote locations supports the market.
Major Key Players:
- Yamaha Motor
- UBOTA
- Liquid Combustion Technology
- KIPOR
- Champion Power Equipment
- Fuzhou Launtop M&E
- Loncin
- MARUYAMA
- Fujian Jinjiang Sanli Engine
- MITSUBISHI HEAVY INDUSTRIES
- CHONGQING RATO
- Koki
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/small-gas-engines-market
Recent Developments:
- In January 2023, Briggs & Stratton, the largest manufacturer of petrol engines for outdoor power equipment, announced the relocation of its engine production plant to Auburn. This move aims to enhance production capabilities and streamline operations.
- In August 2022, Briggs & Stratton partnered with AWEV Solutions to support innovative internal combustion engine-to-electric vehicle conversion projects. This collaboration underscores the company’s commitment to advancing sustainable and eco-friendly solutions in the power equipment and transportation sectors.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
The research study includes segmental analysis that divides the market into distinct groups or segments based on common characteristics. With market segmentation, businesses can identify specific customer groups that are more likely to be interested in specific products or services. Also, it enables these businesses to focus their marketing efforts and resources more efficiently, leading to higher conversion rates and improved return on investment. Furthermore, segmentation analysis helps companies develop personalized products or services, which can result in increased customer loyalty and improved customer satisfaction.
Small Gas Engines Market, Equipment Outlook (Revenue – USD Billion, 2019-2032)
- Lawnmowers
- Chainsaw
- String Trimmer
- Hedge Trimmer
- Portable Generator
- Tillers
- Concrete Vibrators
- Concrete Screeds
- Leaf Blowers
- Snow Blowers
- Pressure Washer
- Edgers
Small Gas Engines Market, Displacement Outlook (Revenue – USD Billion, 2019-2032)
- 20 cc – 100 cc
- 101 cc – 400 cc
- 401 cc – 650 cc
Small Gas Engines Market, End User Outlook (Revenue – USD Billion, 2019-2032)
- Gardening
- Construction
- Industrial
The small gas engines market is poised for steady growth, driven by the ongoing demand for outdoor power equipment and advancements in engine technology. The landscaping and construction sectors are expected to remain key contributors to market expansion, supported by urbanization and rising investments in infrastructure development.
𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Silicone In Electric Vehicles Market Growth
Carbon Capture, Utilization and Storage Market Forecast