By GlobeNewswire – Press Releases
New York, United States , June 26, 2024 (GLOBE NEWSWIRE) — The Global Small Gas Engines Market Size is to Grow from USD 3.39 Billion in 2023 to USD 5.37 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.72% during the projected period.
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Small gas engines are ones that require independent power sources and have modest power requirements. This covers a range of outdoor equipment, such as edgers, lawnmowers, rotary tillers, generators, concrete mixers, and string trimmers. These outdoor power tools are mostly used for cutting, trimming, and maintaining lawns; they are also in high demand on golf courses, sports fields, and gardens. Together with a small displacement engine, these engines run on biogas, coal gas, natural gas, and landfill gas. These engines have a compressed system architecture and a limited power output range. The market for small gas engines is driven by the rise in demand for lawnmowers worldwide. Roads, lawns, and gardens are frequently cleared of snow using small gas engines. Landowners, hospitals, rental farms, and institutions all purchase these kinds of equipment. Heavy rainfall-affected areas are gradually utilizing outdoor power tools and equipment. As a result, it is expected to grow the market during the estimated time frame. Both residential and business uses for portable generators are common. Small gas engines are highly expensive to manufacture because of their construction and design. Additionally, the cost of a machine is increased by the importation of necessary parts from foreign nations.
Browse key industry insights spread across 255 pages with 110 Market data tables and figures & charts from the report on the “Global Small Gas Engines Market Size, Share, and COVID-19 Impact Analysis, By Type (20-100 CC, 101-450 CC, and 451-650 CC), By Equipment (Lawnmower, Chainsaw, Leaf Blower, Portable Generator, Pressure Washer, and Others), By Application (Construction, Industrial, and Gardening), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.”
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The 101-450 CC segment is expected to hold the largest market share during the projected period.
On the basis of type, the global small gas engines market is classified into 20-100 CC, 101-450 CC, and 451-650 CC. Among these, the 101-450 CC segment is expected to hold the largest market share during the projected period. Because of their extensive usage in land mowers and other equipment, these engines are in great demand and are widely available.
The lawnmower segment is estimated to grow at the greatest CAGR in the market during the projection period.
On the basis of equipment, the global small gas engines market is classified into lawnmower, chainsaw, leaf blower, portable generator, pressure washer, and others. Among these, the lawnmower segment is estimated to grow at the greatest CAGR in the market during the projection period. Due to their wide range of uses, lawnmowers are particularly necessary for the residential and commercial sectors. Lawnmowers are commonly used to maintain grass in parks, lawns, fields, and gardens.
The gardening segment is anticipated to hold the largest share of the global small gas engines market during the estimated period.
On the basis of application, the global small gas engines market is classified into construction, industrial, and gardening. Among these, the gardening segment is anticipated to hold the largest share of the global small gas engines market during the estimated period. Lawnmowers, portable generators, and trimmers are needed for the gardening section. As a result, the market is expanding more quickly.
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North America is expected to hold the largest share of the small gas engines market over the forecast period.
North America is expected to hold the largest share of the small gas engines market over the forecast period. The building and manufacturing sectors are seeing significant expansion in this region. Facilities for renting out equipment are driving the expansion of the small gas engine market worldwide in North America. In addition, there’s a big market for outdoor gear here. The United States and Canada provide significant funding to the building industries in this region. Canada’s government has made investments in the nation’s infrastructure development. Due in part to the rising percentage of land ownership in the United States, there is a growing need for compact gas engines for lawn care and upkeep.
Asia Pacific is predicted to grow at the fastest pace in the small gas engines market during the projected timeframe. The need for sophisticated machinery is growing in this area. Commercial and residential areas are flourishing, and industry is expanding rapidly throughout the Asia Pacific region. The need for industrial and gardening machines has expanded, which has led to a rise in their production. Additionally, the equipment rental businesses support the expansion of the sector as a whole.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Small Gas Engines Market are Briggs and Straton Corporation, Honda Motor Co., Kohler Co., Kawasaki Heavy Industries, Fuji Heavy Industries, Yamaha Motor Co., Kubota Corporation, Liquid Combustion Technology LLC., Champion Power Equipment, Fuzhou Launtop M&E Co. Ltd., Maruyama Mfg. Co. Inc., Lifan Power, Kipor Power, Lombardini Srl, Sinoquip Power, and Others.
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Recent Developments
- In June 2022, AWEV Solutions Pvt. Ltd., a creative creator of mobility products and solutions, teamed with Briggs & Stratton. Briggs & Stratton offered their creative solutions for converting automobiles with internal combustion engines to electric power.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the Global Small Gas Engines Market based on the below-mentioned segments:
Global Small Gas Engines Market, By Type
- 20-100 CC
- 101-450 CC
- 451-650 CC
Global Small Gas Engines Market, By Equipment
- Lawnmower
- Chainsaw
- Leaf Blower
- Portable generator
- Pressure Washer
- Others
Global Small Gas Engines Market, By Application
- Construction
- Industrial
- Gardening
Global Small Gas Engines Market, Regional Analysis
- North America
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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Source: GlobeNewswire – Press Releases