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.
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 |
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Growth Drivers
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 |
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By Equipment |
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By Type |
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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.
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
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.
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.
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.
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.
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.
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.
Ans: The market is segmented by application, equipment, type, and by region.
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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