Small Gas Engines Market size was valued at USD 4.29 Billion in 2023 and is set to cross USD 10.59 Billion by 2036, registering more than 7.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of small gas engines is evaluated at USD 4.58 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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
7.2% |
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Base Year Market Size (2023) |
USD 4.29 Billion |
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Forecast Year Market Size (2036) |
USD 10.59 Billion |
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Regional Scope |
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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 2036. 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 2036. 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:
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Application |
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Equipment |
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Type |
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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 2036. 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 2036. 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: Dhruv Bhatia
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