Small Gas Engines Market Share, Size, Trends, Industry Analysis Report, By Equipment (Lawnmower, Chainsaw, String Trimmer, Hedge Trimmer, Portable Generator); By Displacement; By End User; By Region; Segment Forecast, 2023 - 2032
- Published Date:Jan-2024
- Pages: 115
- Format: PDF
- Report ID: PM3409
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global small gas engines market was valued at USD 2.86 billion in 2023 and is expected to grow at a CAGR of 4.5% during the forecast period. Market is influenced by factors such as technological advancements, government regulations, consumer demand, and economic conditions. For example, increasing awareness of environmental concerns has led to the development of cleaner and more efficient small gas engines.
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In addition, changes in consumer preferences, such as a shift towards electric-powered equipment, can also affect the market. In 2020, battery electric vehicles (BEVs) made up two-thirds of the stock. China has around 4.5 Mn electric vehicles, while, Europe’s count reached to approximately 3.2 Mn. This will further create a wide range of opportunities for the growth of the market.
Industry Dynamics
Growth Drivers
Small gas engines are widely used in outdoor power equipment such as lawnmowers, chainsaws, and generators. With the growing demand for these products, the demand for small gas engines is also increasing. They are also used in construction equipment such as pumps, compressors, and power trowels.
The growth of the construction industry is driving the demand for small gas engines. According to Invest India, National Investment Promotion and Facilitation Agency, by 2025, the Indian construction market is anticipated to grow to $1.4 Tn. This will further create further growth and demand for the small gas engines in the upcoming years. With increasing concerns about power outages, there is a growing demand for backup power generators. Small gas engines are often used in these generators, which is driving the demand for small gas engines.
Advancements in technology have led to the development of more efficient and powerful small gas engines. This has increased the demand for these engines in various applications.
Report Segmentation
The market is primarily segmented based on equipment, displacement, end user and region.
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By Equipment |
By Displacement |
By End User |
By Region |
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Snow Blowers is expected to witness fastest growth over the forecast period
Snow Blowers segment is projected to experience faster growth in the forecast period as they are used extensively in regions that experience heavy snowfall during the winter months. One key factor driving the growth of snow blowers is the increasing preference for gas-powered equipment over electric-powered alternatives. This is because gas-powered snow blowers are generally more powerful and can handle heavier snowfall, making them more suitable for use in regions with harsh winter conditions.
The increasing popularity of DIY snow removal has also contributed to the growth of the small gas engines market for snow blowers. As more consumers opt to handle their own snow removal rather than relying on professional services, the demand for reliable and efficient snow blowers has increased, driving the growth of the small gas engines market.
101 cc - 400 cc segment accounted for the largest market share in 2022
The 101 cc - 400 cc segment garnered the largest market share in 2022. One key factor driving the growth of the 101 cc - 400 cc segment is the increasing demand for small gas engines that are more powerful and fuel-efficient. Consumers are looking for products that can handle a variety of tasks, from lawn maintenance to power generation, while also being environmentally-friendly and cost-effective.
Another factor driving the growth of this segment is the increasing popularity of outdoor recreational activities, such as camping and off-roading, which require small gas engines to power vehicles and equipment. As more people engage in these activities, the demand for reliable and efficient small gas engines has increased, driving growth in the 101 cc - 400 cc segment.
Gardening segment is expected to hold the significant revenue share
Gardening segment is projected to witness higher revenue share in the study period. Small gas engines are widely used in gardening equipment such as lawn mowers, chainsaws, leaf blowers, trimmers, and tillers, among others. These machines are essential tools for both professional landscapers and homeowners, as they help maintain the appearance and health of lawns, gardens, and other green spaces.
One key factor driving the growth of the gardening segment is the increasing demand for environmentally-friendly and cost-effective equipment. Consumers are looking for products that are efficient, durable, and easy to maintain, while also being eco-friendly and budget-friendly. Manufacturers are responding by developing small gas engines that are more fuel-efficient, emit lower levels of pollutants, and have longer lifespans.
APAC registered with the highest growth rate over the forecast period
Asia Pacific is expected to have the highest growth rate for the small gas engines market due to the rapid industrialization and urbanization in countries such as China, India, and Japan. These countries have large populations, and as their economies continue to grow, the demand for small gas engines is expected to increase.
Additionally, the increasing demand for outdoor power equipment in the region, particularly in the landscaping and agriculture sectors, is expected to further drive the growth of the small gas engines market in Asia Pacific. In recently published research, the International Energy Agency predicted that the Asia-Pacific region's demand for energy increased from a low of 2% in 2020 to 8% in 2021. China and India are the key drivers of this rise, with each country recording a notable 10% gain. This will further foster the growth of the market in coming years.
North America garnered with the largest revenue share for the study period
North America is expected to have a larger revenue share for the small gas engines market due to the high demand for outdoor power equipment in the region, particularly in the residential sector. The region has a large population of homeowners who are investing in their outdoor spaces, which is driving the demand for small gas engines to power lawn mowers, trimmers, and other gardening equipment.
The growing popularity of outdoor activities in America, such as skiing, snowshoeing, hiking, and fishing, has indeed fueled the growth of the small gas engines market. This is because many of the tools and equipment used in these activities, such as snow blowers, lawn mowers, and generators, rely on small gas engines to operate. After lockdowns kept people indoors for a large portion of the spring and summer of 2020, Americans ventured outside in record numbers, with about 7 million taking part in outdoor activities such as skiing, snowshoeing, hiking, and fishing.
Competitive Insight
Some of the major players operating in the global market include Briggs & Stratton, Honda Motor, Kohler, Kawasaki Heavy, 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, Generac Power Systems, Sinoquip Power, Lifan Power, Chongqing Winyou Power & Lombardini.
Recent Developments
- In January 2023, Briggs & Stratton largest manufacturer of petrol engines for the out-door power equipment, re-located its engine production plant to the Auburn.
- In August 2022, Briggs & Stratton collaborated with the AWEV Solutions to assist its ground-breaking internal combustion engine to electric vehicle conversions.
Small Gas Engines Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 2.98 billion |
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Revenue forecast in 2032 |
USD 4.23 billion |
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CAGR |
4.5% from 2024 - 2032 |
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Base year |
2023 |
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Historical data |
2019 - 2023 |
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Forecast period |
2024 - 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By Equipment, By Displacement, By End User, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Briggs & Stratton, Honda Motor, Kohler, Kawasaki Heavy Industries, 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, Generac Power Systems, Sinoquip Power, Lifan Power, Chongqing Winyou Power & Lombardini Srl. |
FAQ's
The small gas engines market report covering key segments are equipment, displacement, end user and region.
Small Gas Engines Market Size Worth 4.23 Billion By 2032.
The global small gas engines market is expected to grow at a CAGR of 4.4% during the forecast period.
North America is leading the global market.
key driving factors in small gas engines market are rise in demand for outdoor power equipment with low-emission and fuel-efficient.
