Small Gas Engines Market size set to surpass USD 10 Billion by the end of 2035, growing at a CAGR of 7.20% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of small gas engines was around USD 4 Billion. The increasing awareness among individuals regarding the rise in carbon dioxide emissions is a factor contributing to this market growth. Small engines are known for their fuel efficiency and compliance with government regulations, which further accelerates their demand in the market. According to NASA Global Climate Change data human activities have caused an increase of around 50 percent in atmospheric carbon dioxide levels within less, than two centuries.
Moreover, Small gas engines are commonly used in construction equipment such as concrete mixers, compactors, and power generators. These engines are reliable, powerful, and fuel efficient, making them ideal for construction sites with limited access to grid power or fuel sources. The growth in the construction industry, both residential and commercial, directly impacts the demand for small gas engines.
|
Base Year |
2022 |
|
Forecast Year |
2023-2035 |
|
CAGR |
~7.20% |
|
Base Year Market Size (2022) |
~ USD 4 Billion |
|
Forecast Year Market Size (2035) |
~ USD 10 Billion |
|
Regional Scope |
|
Growth Drivers
Challenges
Equipment (Portable Generator, Lawnmower, Chainsaw, Leaf Blower, Pressure Washer)
The lawnmower segment in the small gas engines market is estimated to gain the largest revenue share of about 38% in the year 2035. The growth of the segment can be attributed to the increasing demand for lawnmower in the commercial and residential sectors. Moreover, it is required in public parks, lawns, gardens for cutting the grass.
In addition, there are high chances of insects staying between the long grasses, that can lead to diseases such as dengue. Small gas engines are lightweight, portable and powerful, making them ideal for use in lawnmowers. They are typically more fuel-efficient than larger gas engines, and they don't require a lot of maintenance.
Application (Gardening, Industrial, Construction)
Small gas engines market from the gardening segment is estimated to gain the significant share of about 42% in the year 2035. The segment growth can be attributed to the Increasing preference for gardening activities and rising need of efficient and cost-effective gardening tools like small gas engines. This is due to the convenience and versatility of small gas engines, as they offer a wide range of features and benefits that make them ideal for gardening activities.
Furthermore, the growing trend of urban gardening and the rising demand for organic produce have been driving the demand for small gas engines for gardening tasks.
Our in-depth analysis of the global market includes the following segments:
|
Application |
|
|
Equipment |
|
|
Type |
|
Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.
Customize this Report
North American Market Forecast
The market share of small gas engine in North America is projected to be the largest with a share of about 35% by the end of 2035. The growth of the market can be attributed majorly to the increasing number of small gas engine projects in the region. For instance, in order to reduce costs and combat climate change, NASA works with US industry to develop small core aircraft engines.
Moreover, the surging trend of renting the equipment in countries such as the U.S and Canada, is further surging the demand for small gas engines for the rental equipment. Furthermore, the government support through investment in construction, and infrastructure projects that require portable generators, and other tools is further anticipated to rise the market’s growth in the region. As per recent reports, nearly 1,400,000 new housing units were completed in the United States in January 2022.
APAC Market Statistics
The Asia Pacific small gas engines market is estimated to be the second largest, registering a share of about 28% by the end of 2035. The growth of the market can be attributed majorly to the increasing manufacturing of various components that are widely used for gardening equipment.
Moreover, the rapid industrialization in the countries such as China, and India is further contributing to the demand for small gas engines in their operations. As these countries have seen an increase in their industrial output and manufacturing, they are looking for efficient ways to power their operations. Small gas engines provide an affordable and efficient source of power and have become increasingly popular as a result.
Author Credits: Payel Roy, Dhruv Bhatia
Ans: The major factors driving the growth of the small gas engines market include increasing demand for portable power and energy efficiency, and government initiatives for promoting the use of small gas engines.
Ans: The market size of small gas engines is anticipated to attain a CAGR of 7.20% over the forecast period, i.e., 2023 – 2035.
Ans: The major players in the market are Briggs & Stratton Corporation, Honda Motors Co., Ltd., Kohler Co., Maruyama Mfg. Co. Inc, Champion Power Equipment, Liquid Combustion Technology, Yamaha Motor Corp., Kawasaki Heavy Industries, Ltd., and others.
Ans: The portable generator segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Ans: The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?