Small Engine Market Size & Share, by Energy Source (Liquid Filling Petrol, Diesel, CNG, LPG); Engine Type (Internal Petrol Combustion, Internal Diesel Combustion, Compressed Natural Gas Engine, Hybrid Engine); Engine Displacement (Up to 100 cc, 100 cc - 200 cc, 200 cc - 400 cc, Above 400 cc); Application (Residential, Commercial, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5959
  • Published Date: Apr 03, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Small Engine Market size is anticipated to reach USD 14 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of small engine was USD 7 Billion. The expanding commercial and residential industries are driving up demand for outdoor power equipment globally. For instance, in 2020 global commercial industry is poised to garner a revenue of USD 34 trillion. Instead of using their traditional ways, homeowners and construction contractors are renting outdoor power equipment. These pieces of equipment are less expensive to hire and require little upkeep. To minimize greenhouse gas emissions, this type of equipment is typically fitted with small engines that mostly run on natural gas. Increased use of this equipment fuels the expansion of the worldwide market.

Small engines are usually 2- or 4-stroke parts that run smaller cars like mopeds and dirt bikes as well as outdoor equipment like generators, lawnmowers, and tractors. Small engines are compact, have a straightforward design, and operate well. It can endure for many years if well provided for. Therefore, the longer lifespan is expected to bolster the growth of the small engines market.


Small Engine Market
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Small Engine Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Shift Towards Sustainability - As a result of growing awareness about environmental issues and the need for more sustainable solutions, smaller engines with better fuel efficiency are increasingly popular. The development of greener small engines, which use fewer harmful propellants and produce lower waste, is the result of an increased emphasis on sustainability. The market for small engines is driven by this factor. Compared with products that have a lasting negative effect on the environment, consumers prefer recyclable and environmentally friendly products more readily. Consequently, producers concentrate on making products that are more environmentally friendly than consumer goods.
  • Expansion of E-commerce and Online Retail Platforms - A large variety of small engines and related products are now more easily accessible to customers due to the growth of e-commerce and online retail platforms. For instance, retail e-commerce sales are predicted to surpass USD 6.3 trillion globally in 2024, and these numbers are anticipated to rise even further in the years to come. Online shopping's ease and the availability of product comparisons and reviews have increased consumer confidence when it comes to small-engine purchasing. Small engine producers are making large R&D investments to create highly efficient products. They are progressively introducing new features and technologies into their products, like high-speed motors. Manufacturers now have attractive potential in the small engine market as a result.
  • Growing Trends for Innovations and Product Development - Innovations and product development are essential trends in the market for tiny engines. Other manufacturers, mostly in China, are in a position to create small engines with higher productivity and fuel efficiency because of the dominance of a few companies in the market. Manufacturers are also being forced by government requirements to increase the efficiency of small engines under standards on the harmful emissions produced by these engines. Furthermore, the small engine market for landscaping and gardening is negatively impacted by changing weather patterns. Long-term snowy winters in the United States delay blossoming, which makes it more difficult to buy gardening supplies and, in turn, small engines.

Challenges

  • Need for Regular Maintenance - Regular maintenance of small engines presents a significant obstacle. Engine repair may become necessary if routine maintenance is neglected. An engine seizure brought on by low oil levels may require an engine rebuild or replacement. Rapid engine wear can occur from neglecting to change the engine oil and inspect, clean, and replace the air filter regularly, especially if the lawnmower is used in dusty environments. Although they require a lot of time to maintain, small engines are not difficult.
  • Higher Costs of the Product may Hinder the Growth of the Market
  • Inept Supply Chain May Hamper the Market Growth

Small Engine Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 7%

Base Year Market Size (2023)

 ~ USD 7 Billion

Forecast Year Market Size (2036)

 ~ USD 14 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Small Engine Segmentation

Energy Source (Liquid Filling Petrol, Diesel, Compressed Natural Gas (CNG), Liquid Petroleum Gas (LPG))

Diesel segment in the small engine market is expected to hold a share of 43% during the forecast period. The growth can be attributed to the demonstration of its extensive use in a variety of small engine applications, especially in heavy-duty and industrial machinery. The growing consumption of diesel globally is escalating the growth of the segment. For instance, in March 2024, the United States consumed approximately 3.77 million barrels of diesel fuel on average per day.  The increase in emphasis on greener and more ecologically friendly fuel options is the reason for this growth. Higher compression puts strain on diesel engines, which are designed to tolerate it. As a result, they often require fewer major repairs before breaking down than gas-powered vehicles. Diesel engines heat up more quickly than gas-powered engines do as the compression ratio increases. There are fewer trips to the gas pump to fill up because there is a production of more energy and less fuel. Therefore, these factors are accelerating the growth of the segment.

End-use (Lawnmower, Snow Blower, Garden Tiller, Chainsaw, Go Cart, Pressure Washer, Water Pump)

Water pump segment in the small engine market is anticipated to hold a share of 28% during the forecast period. The increase in demand for water pumps in important industries including construction, agriculture, and residential buildings can be attributed to the growth.
Because compact engines require less maintenance, there is an increasing demand for them in water pumps for outstanding irrigation lifetime and efficiency. For instance, a study on small engine cooling systems demonstrates that overheating issues can be avoided and the system's overall efficacy can be boosted by modifying the flow rates per specific criteria. The results further demonstrate that this modification can be achieved by designing a controlled electric water pump. Therefore, the growing demand for electric water pumps is contributing to the growth of the small engines market. Throughout the projection period, the water pump section is probably expected to grow significantly.

Our in-depth analysis of the global market includes the following segments:

     Energy Source

  • Liquid Filling Petrol
  • Diesel
  • Compressed Natural Gas (CNG)
  • Liquid Petroleum Gas (LPG)

     Engine Type

  • Internal Petrol Combustion
  • Internal Diesel Combustion
  • Compressed Natural Gas Engine
  • Hybrid Engine

     Engine Displacement

  • Up to 100 cc
  • 100 cc - 200 cc
  • 200 cc - 400 cc
  • Above 400 cc

     Application

  • Residential
  • Commercial
  • Industrial

     End-use

  • Lawnmower
  • Snow Blower
  • Garden Tiller
  • Chainsaw
  • Go Cart
  • Pressure Washer
  • Water Pump

     Distribution Channel

  • Online
  • Offline

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Small Engine Industry - Regional Synopsis

APAC Market Forecast

Small engine market in Asia Pacific is expected to hold the largest share of 36% during the forecast period. The growth can be attributed to the growing number of public parks and botanical gardens. In this region, there is a sharp rise in demand for equipment with cutting-edge technology. This region is experiencing a significant increase in industrialization, along with rising commercial and residential sectors. The increasing demand for various industrial and gardening equipment is driving up the manufacturing of various components, including tiny gas engines, in this region. Concrete vibrators, portable generators, and other tools are in greater demand as the construction industry moves toward renting equipment.

North American Market Statistics

North American small engine market is poised to hold a share of 27% by the end to 2036. The manufacturing and construction sectors are growing at a faster rate. In these industries in North America, renting equipment is becoming more and more common. In this region, there is a strong need for landscape services that include outdoor equipment. The building industries in this region are heavily invested in by the United States and Canada. Also, the region experiences heavy snowfall which is a major factor for the market growth. As per a report, the amount of snow cover in North America in January 2023 was 15.51 million square kilometers, a little increase from the same month the year before. Therefore, snow blowers, powered by small engines, are used extensively in this region to remove snow.

Research Nester
Small Engine Market size
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Companies Dominating the Small Engine Landscape

top-features-companies
    • FNA Group
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Briggs & Stratton Corp.
    • Kohler Co.
    • Liquid Combustion Technology, LLC
    • Lifan Power USA
    • Tillotson
    • Engine Alliance
    • Deere & Company
    • Cummins Inc.
    • Detroit Diesel Corp

In-the-news

In The News

  • The FNA Group has decided to relocate the production of vital parts, such as internal combustion engines, to North America. The business can improve cost control and fortify its supply chain as a result of this choice. With this new location, FNA Group will be able to field a stronger research & development (R&D) team near its manufacturing facilities, which will enable the company to develop new, more efficient products, such as internal combustion engines.
  • Kohler Engines unveiled their new approach to a future with greater sustainability. At a meeting hosted at Bauma, the center of the construction industry, Kohler discloses its long-term strategy and the actions that will be taken to move the company from producing electricity to providing energy. The engine industry is going through a significant transitional period, and the announcement of this new strategy coincides with these developments. Radical shifts in the technologies that we will have access to in the future are beginning to emerge.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5959
  • Published Date: Apr 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing shift towards sustainability, expansion of e-commerce and online retail platforms, and growing trends for innovations and product development are the major factors driving the growth of the small engine market.

The market size of small engine is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are FNA Group, Briggs & Stratton Corp., Kohler Co., Liquid Combustion Technology, LLC, Lifan Power USA, Tillotson, Engine Alliance, Deere & Company, Cummins Inc., Detroit Diesel Corp, and others.

The diesel segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Small Engine Market Report Scope
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