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Small Gas Engine Market Analysis by Application (Gardening, Industrial, Construction); Equipment (Portable Generator, Lawnmower, Chainsaw, Leaf Blower, Pressure Washer); Type (20-100 CC, 101-450CC, and 451-650CC)- Global Supply & Demand Analysis & Opportunity Outlook 2023-2035

Buy Now Report ID: 4920 | Published Date: May 02, 2023

Global Small Gas Engine Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Small Gas Engine Market size is estimated to reach ~USD 9.21 Billion by the end of 2035 by growing at a CAGR of ~7.15% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of small gas engine was ~USD 4.02 Billion. The growth of the market can be attributed to the increasing awareness among people related to the surge in carbon dioxide emissions. As small engines are more fuel efficient, and comply with government norms, which in turn is anticipated to boost the growth of the market. According to the NASA Global Climate Change, atmosphere’s carbon dioxide content has raised by 50 percent in less than 200 years by the human activities.

A small engine refers to a variety of small-displacement, low-power internal combustion engines used to power lawn mowers, generators, concrete mixers, and a variety of other devices that require separate power sources. Moreover, they are operating on coal gas, natural gas, biogas, landfill gas, and other gases. In addition, small gas engines are often lighter, and burn less power, as compared to big gas engine. Furthermore, they can be easily used in the advanced portable technology that requires small engines.  Along with these benefits, the demand for these engines is increasing, followed by the surging manufacturers that are increasing their investment in the research and development of new portable forms of gas engines. Therefore, all these factors are expected to increase the growth of the global small gas engine market.


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Global Small Gas Engine Market: Key Insights

 

Base Year

2022

Forecast Year

2023-2035

CAGR

~7.15%

Base Year Market Size (2022)

~ USD 4.02 Billion

Forecast Year Market Size (2035)

~ USD 9.21 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)

 


Global Small Gas Engine Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Demand for Outdoor Power Equipment– Outdoor power equipment is sold to homeowners, rental yards, colleges, and others. Moreover, the small gas engines are growingly used to remove snow from unwanted areas. The areas which are highly populated with heavy rainfall are increasingly opting for outdoor power equipment. Therefore, it is expected to rise the growth of the market over the forecast period. Sukayu Onsen in Japan receives nearly 690 inches of snow annually, and is stated as one of the most populated place with heavy rainfall, as per the reports.
  • Surging Use of Portable Generators – As per recent research, the portable generators annual shipment is expected to increase by more than 1 Million units in the United States by the end of 2024. The small gas engines are commonly used for portable generators used for commercial as well as residential purposes. Thus, the surging use of portable generators is expected to increase the market’s growth.
  • Growth in the Gardening Sector – More than 50 percent of the Americans households engage in gardening activities, as per the estimates. In order to have a supply of fresh fruits and vegetables, people engage in gardening activities. Moreover, the gardening sector is shifting towards electric and autonomous tools from conventional methods of hand tools. As, these modern tools reduce time, and save energy. Hence, the growth in the gardening sector is predicted to rise the growth of the market.
  • Increasing Adoption of Electric Tools in Golf Courses– There has been an increase in the number of golf participants across the globe, which requires equipment in the landscaping services. Therefore, it increases the demand for small gas engines for the equipment used on the golf courses for the services. Hence, it is expected to boost the growth of the market in the upcoming years. As per the recent reports, the number of people participating in golf has reached to more than 25 Million in the United States in the year 2022.
  • Surging Trend of Renting Automated Equipment– According to the data, the average household expenditure on garden supplies and services has increased to nearly USD 300 in Canada in the year 2019. There has been increase in the expense of gardening for the household, which is growing the concept of renting equipment rather than buying it. Hence, it is anticipated to drive the growth of the global small gas engine market by the end of 2035.
  • Regular Maintenance of Small Gas Engine- There is a requirement for frequent maintenance of small gas engines. The engine oil should be regularly checked or changed, otherwise it can result in rapid engine wear. Therefore, it is expected to hinder the growth of the global small gas engine market.
  • Increase in the Prices of Small Gas Engines
  • Stringent Emissions Standard by the Government


Global Small Gas Engine Market Segmentation

The global small gas engine market is segmented and analyzed for demand and supply by equipment into portable generator, lawnmower, chainsaw, leaf blower, pressure washer, and others. Out of these, the lawnmower segment is estimated to gain the largest market 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. In addition, there are a large number of people visiting parks, which increases the need for a lawnmower for managing grass. Therefore, it is expected to drive the growth of the segment in the market. According to the data, more than 24 Million people visit each year in the Central Park situated in America.

The global small gas engine market is also segmented and analyzed for demand and supply by application into gardening, industrial, and construction. Amongst these three segments, the gardening segment is expected to garner a significant share of around ~45% in the year 2035. This can be attributed to the growing government initiatives for a clean green garden in countries such as Europe. Moreover, there is a growing installing of modern equipment such as leaf blower, trimmer, and others in the gardening sector. Furthermore, the growing residential construction with lawns, and gardens is increasing the demand for advanced gardening solutions. Therefore, all these factors are projected to rise the segment’s growth in the upcoming years.

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

     By Application

  • Gardening
  • Industrial
  • Construction

     By Equipment

  • Portable Generator
  • Lawnmower
  • Chainsaw
  • Leaf Blower
  • Pressure Washer
  • Others

     By Type

  • 20-100 CC
  • 101-450CC
  • 451-650CC
 

Global Small Gas Engine Market Regional Synopsis

regional-synopsis

The market share of small gas engine in North America, amongst the market in all the other regions, 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. 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. In addition, the commercial, and residential sector is witnessing growth, which is further anticipated to boost the growth of the market in the region. 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.

The Asia Pacific small gas engine 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. In addition, the construction sector is shifting towards renting equipment for the construction equipment, which is surging the demand for various tools involving small gas engines. 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. Therefore, all these factors are anticipated to provide favorable opportunities for the growth of the market in the Asia Pacific region. 

Further, the market in the European, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the surging investment in the new technology, and growing awareness related to the reduction of pollution within the countries such as the UK. In addition, the government stringent regulation for the emissions is further predicted to boost the growth of the small gas engine market in the European region.

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Top Featured Companies Dominating the Global Small Gas Engine Market

top-features-companies
    • Kubota Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • 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.
    • Lifan Power

In-the-news

In The News

  • Briggs & Stratton Corporation announced the acquisition of SimpliPhi Power that store wind, solar, and solar power for future use by industrial, commercial, and residential customers.
  • Kawasaki Heavy Industries, Ltd. announced the shipment of one KG-18 Kawasaki Green Gas Engine to major Taiwanese chemical company.

preview-analysis

Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Payel Roy, Dhruv Bhatia


Key Questions Answered in the Report

1) What are the major factors driving the growth of the small gas engine market?

Ans: Increasing adoption of electric tools in golf courses, growth in the gardening sector, and surging trend of renting automated equipment are the major factors driving the market growth.

2) What would be the CAGR of small gas engine market over the forecast period?

Ans: The market size of small gas engine is anticipated to attain a CAGR of ~7.15% over the forecast period, i.e., 2023 – 2035.

3) What are the challenges affecting the small gas engine market growth?

Ans: Increase in the prices of small gas engines, and stringent emissions standard by the government are estimated to be the growth hindering factors for the market expansion.

4) Which region will provide more business opportunities for growth of small gas engine market in future?

Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

5) Who are the major players dominating the small gas engine market?

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., Lifan Power, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the small gas engine market?

Ans: The market is segmented by application, equipment, type, and by region.

8) Which segment captures the largest market size in the equipment segment in the small gas engine market?

Ans: The lawnmower segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

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