What is the Historic and Current Scenario of the Small Gas Engine Market?
The small gas engine market has seen considerable growth due to a variety of factors.
• In recent times, the market size for small gas engines has been exhibiting steady growth. The projection for this market estimates an increase from $2.96 billion in 2024 to about $3.09 billion in 2025, maintaining a compound annual growth rate (CAGR) of 4.5%.
Factors driving this growth in the historic period include the surge in demand for outdoor power equipment, the burgeoning construction sector, increased attention to residential lawn upkeep, and agricultural applications.
What are the Forecasted Growth and Key Factors of the Small Gas Engine Market?
The small gas engine market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, a stable increase is anticipated in the small gas engine market, with the projection to reach $3.72 billion by 2029 at a compound annual growth rate (CAGR) of 4.8%.
This upsurge during the forecast period is a result of factors such as surge in portable generators, attention towards green and renewable solutions, growth of the construction sector, and its increasing acceptance in emergent markets. The forecast period will also witness trends like inclination towards electric alternatives, the integration of intelligent technology, preference of lightweight and compact designs, ecologically friendly solutions, advancements in fuel technology, and broadened application possibilities.
What Main Forces Are Fueling Expansion In The Small Gas Engine Market?
The expansion of the building industry is propelling the market for small gas engines. Numerous contractors and homeowners are purchasing outdoor-powered machinery for various needs like building services, landscaping, or upkeep of gardens or lawns in their projects or homes. The demand for small gas engines is directly linked to the increasing need for outdoor powered gear applied in the construction sector. The Global Construction 2030 report projects that construction output will increase by 85%, reaching $15.5 trillion by 2030. The key countries that are driving this growth are China, India, and the USA. This anticipated surge in the construction sector is forecasted to further boost the small gas engine market.
What Are The Primary Segments In The Global Small Gas Engine Market?
The small gas engine market covered in this report is segmented –
1) By Engine Displacement: 20 cc To 100 cc, 101 cc To 400 cc, 401 cc To 650 cc
2) By End-Use: Gardening, Industrial, Construction
3) By Equipment: Lawnmower, Chainsaw, String Trimmer, Hedge Trimmer, Portable Generator, Rotary Tiller, Pressure Washer, Concrete Vibrators, Concrete Screed, Edger, Leaf Blower, Snow Blower
Subsegments:
1) By 20 cc To 100 cc: 2-Stroke Engines, 4-Stroke Engines
2) By 101 cc To 400 cc: 2-Stroke Engines, 4-Stroke Engines
3) By 401 cc To 650 cc: 2-Stroke Engines, 4-Stroke Engines
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Which Key Trends Are Driving Changes In The Small Gas Engine Market?
Prominent businesses in the small gas engine market are concentrating their efforts on creating innovative solutions, such as the New-Tech Small Turbine Engine Program, to enhance their market profitability. The New-Tech Small Turbine Engine Program is a venture focused on pioneering progress in small turbine engines by integrating new and avant-garde technologies. This program focuses on addressing the particular requirements of the military, namely unmanned aerial vehicles, reconnaissance planes, and other compact platforms where high-performing, compact, and dependable engines are essential. For example, in June 2023, Rolls-Royce, a British engineering firm renowned for its aerospace, defense, marine, and energy services, initiated the New-Tech Small Turbine Engine Program. These engines are usually defined by their size and use, commonly employed in smaller aircraft, drones, and other specialized vehicles or equipment. They were designed to focus on the development and improvement of small turbine engines through the use of new and creative technologies.
Who Are the Key Players in the Small Gas Engine Market?
Major companies operating in the small gas engine market include:
• Briggs and Stratton Corporation
• Kohler Co.
• Honda Motor Co. Ltd
• Yamaha Motor Corp.
• Kawasaki Heavy Industries
• Kubota Corporation
• Kipor Power
• Champion Power Equipment
• Generac Power Systems Inc.
• Fuji Heavy Industries Ltd.
• Fuzhou Launtop M&E Co. Ltd.
• Liquid Combustion Technology LLC
• Lifan Power USA
• Zongshen Power
• Subaru Corporation
• Sinoquip Power
• Chongqing Winyou Power Co. Ltd.
• Lombardini Srl
• Wuxi Kipor Power Co. Ltd.
• Jiangsu Excalibur Power Machinery Co. Ltd.
• Changzhou ETK Power Machinery Co. Ltd.
• Taizhou Genour Power Machinery Co. Ltd.
• Tecumseh Products Company
• Robin America Inc.
• Mitsubishi Heavy Industries Engine & Turbocharger Ltd.
• Loncin Industries Ltd.
• Koki Holdings Co. Ltd.
• SAE Manufacturing Specialties Corp.
• Triton Duro Power Systems Inc.
• Performance Assembly Solutions
• Central Diesel Inc.
• Sage Parts
What Is The Most Dominant Region In The Small Gas Engine Market?
North America was the largest region in the small gas engine market in 2024. The regions covered in the small gas engine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
