Small Gas Engine Market by Engine Displacement (20-100CC, 101-450CC, and 451-650CC), by Equipment (Lawnmower, Chainsaw, Portable Generator, Pressure Washer, Trimmer, Edger, and Others), by Application (Gardening, Industrial, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global small gas engines market size was valued at $2.7 billion in 2020, and is projected to reach $4.0 billion by 2030, with global small gas engines market forecast expected at a CAGR of 4.2% from 2021 to 2030.
Small gas engines are small-displacement, low-powered internal combustion engines that are used primarily to power lawnmowers, generators, concrete mixers, and other power tools which require an independent power source. The factors driving the growth of the small gas engine market include developments in construction industry and surge in demand for outdoor power equipment rental.
The need for portable power generation equipment during outdoor camps is another factor boosting the growth of the small gas engine market as gasoline is readily available in gas stations. Increase in consciousness among the individuals toward the environment and advantages of gardening on the surrounding environment lead to surge in demand for gardening tools. Rise in construction activities in developing and developed countries has stimulated the demand for power tools related to the construction sector. Surge in demand for power tools in the construction sector is anticipated to boost the demand for small gas engines in the coming years.
Surge in industrialization and modernization across the globe has created a positive impact on the construction sector. The development of the construction sector has led to the development of a variety of residential and commercial buildings. Increase in environmental consciousness among the individuals and personal interest toward gardening has stimulated the spending power of the people toward gardening which is anticipated to drive the development of the small gas engine market.
Surge in the investment of the government and private firms to develop infrastructure of the developing countries has fueled the development of the market during the forecast period. The major factor that hampers the development of the small gas engine includes restrictions of the government policies toward the environment due to pollution and rapid innovation of alternative power tools that are powered by electricity. Rapid surge in the investment of the government and environmental organization in the public parks and other areas related to planting is expected to provide lucrative opportunities for the growth of the global small gas engine market.
The small gas engine market is segmented on the basis of engine displacement, equipment, application, and region.
On the basis of engine displacement, the global small gas engine market is segmented into 20-100cc, 101-450cc, and 451-650cc. On the basis of equipment, the market is classified into lawnmower, chainsaw, portable generator, pressure washer, trimmer, edger, and others. On the basis of application, the market is categorized into gardening, industrial, construction, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market.
The major companies profiled in this report include Briggs and Stratton Corporation, Champion Power Equipment, Kohler Co., Liquid Combustion Technology, Kipor Power, Kawasaki Heavy Industries, Honda Motor Co., Ltd, Fuji Heavy Industries, Yamaha Motor Corporation, and Kubota Corporation. Rapid urbanization and surge in the construction activities across the globe lead to the demand for power tools with various applications, which in-turn has fuelled the demand for small gas engine. Additional growth strategies such as expansion of production capacities, acquisition, and partnership in the development of the innovative products from manufacturers have helped to attain key developments in the global small gas engine market trends.
KEY MARKET SEGMENTS
By Engine Displacement
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
Key players in the global Small Gas Engine market are:
1. Briggs and Stratton Corporation
2. Champion Power Equipment
3. Kohler Co.
4. Liquid Combustion Technology
5. Kipor Power
6. Kawasaki Heavy Industries
7. Honda Motor Co., Ltd
8. Fuji Heavy Industries
9. Yamaha Motor Corporation
10. Kubota corporation
List of Company Profiles
Briggs and Stratton Corporation
Champion Power Equipment
Liquid Combustion Technology
Kawasaki Heavy Industries
Honda Motor Co., Ltd
Fuji Heavy Industries
Yamaha Motor Corporation
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