USD 2.61 billion
Small Gas Engine Market Size, Share, Growth Analysis, By Engine Displacement(20100cc, 101-450cc, and 451-650cc), By Equipment(Lawnmower, chainsaw, portable generator, pressure washer), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25E2087 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
67
|Figures:
75
Small Gas Engine Market Insights
Small Gas Engine Market size was valued at USD 2.61 billion in 2021 and is poised to grow from USD 2.7 billion in 2022 to USD 3.93 billion by 2030, at a CAGR of 4.80% during the forecast period (2023-2030).
The global small gas engine market is a thriving and dynamic landscape, powered by the demand for efficient and versatile power solutions across various industries. The allure of portability and convenience has fueled the popularity of small gas engines, catering to outdoor enthusiasts, DIY enthusiasts, and industrial players alike. As emerging economies undergo rapid urbanization and infrastructure development, the demand for these powerhouses surges, driving the market's growth. Moreover, manufacturers are pushing the boundaries of innovation, exploring cleaner and eco-friendly fuel options to align with sustainability goals and environmental regulations.
The realm of small gas engines is characterized by fierce competition and technological advancements, as companies vie to create more fuel-efficient and environmentally conscious solutions. With a focus on aftermarket services and strategic partnerships, the industry is geared to provide reliable and long-lasting engines, ensuring smooth operations for its diverse user base. As the world continues to evolve, the global small gas engine market remains at the forefront, empowering industries with the spark of power and igniting a path towards a greener and more dynamic future.
US Small Gas Engine Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
101-450cc
Fastest Growth
101-450cc
Growth Rate
4.80% CAGR
Global Small Gas Engine Market ($ Bn)
Country Share for North America Region (%)
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Small Gas Engine Market Segmental Analysis
The global small gas engine market is segmented based on engine displacement, equipment, and geography. Based on engine displacement, it is classified into 20100cc, 101-450cc, and 451-650cc. Based on equipment, it is divided into lawnmower, chainsaw, portable generator, pressure washer, trimmer, edger, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Small Gas Engine Market Analysis By Engine Displacement
The largest segment, capturing the heart of the market, is the 101-450cc category. These nimble powerhouses offer a perfect balance of versatility and efficiency, making them the preferred choice across various applications, from lawn care equipment to small vehicles. Their compact size, coupled with a potent punch of power, entices both residential and commercial users, elevating their demand and market share.
While the 101-450cc segment reigns supreme, the fastest-growing segment in this ever-evolving landscape is the 451-650cc category. With its robust growth trajectory, this segment is blazing its trail, catering to industries that demand more muscle and might. Larger machinery, commercial vehicles, and power generators are among the applications where these engines find their footing. As emerging economies burgeon with infrastructure projects and the need for powerful equipment, the 451-650cc segment propels forward, demonstrating remarkable potential and promise.
Small Gas Engine Market Analysis By Equipment
The largest segment, reigning supreme, is the lawnmower category, elegantly gliding across vast green expanses, from manicured lawns to sprawling gardens. Their unrivaled versatility and efficiency have made lawnmowers an essential companion for homeowners and landscapers alike, driving their dominance in the market.
However, amidst the vibrant competition, the chainsaw segment emerges as the fastest-growing star, roaring with raw strength and utility. The soaring demand for robust and reliable cutting tools has propelled the chainsaw segment to surge ahead, carving its niche in the market and captivating industries that require unwavering power. In the symphony of small gas engines, the lawnmower and chainsaw segments harmonize with their dominance and dynamism, each representing a vital aspect of the market's growth.
Global Small Gas Engine Market By engine displacement
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Small Gas Engine Market Regional Insights
In the captivating tale of the global small gas engine market, two regions emerge as the stars, each exuding its unique charisma and potential. North America stands tall as the dominating region, harnessing the power of small gas engines to fuel an array of applications, from residential to industrial landscapes. With a robust presence in the lawn care industry, North America reaps the benefits of a strong market for lawnmowers, chainsaws, and portable generators, as consumers seek efficiency and reliability for their outdoor needs. The region's commitment to sustainability and eco-friendly initiatives further amplifies the demand for cleaner and more fuel-efficient small gas engines.
On the other side of the globe, the Asia-Pacific region shines as the fastest-growing domain, igniting a blaze of growth and innovation. As emerging economies embrace urbanization and infrastructure development, the demand for portable power equipment surges, driving the ascent of small gas engines in this region. Rapid industrialization and a burgeoning middle class create a compelling market for chainsaws, trimmers, and pressure washers, underscoring Asia-Pacific's position as a burgeoning powerhouse in the small gas engine landscape.
Global Small Gas Engine Market By Geography
- Largest
- Fastest
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Small Gas Engine Market Dynamics
Small Gas Engine Market Drivers
Consumer Preference for Portable Power Solutions
- The preference for portable power solutions, especially in remote and off-grid areas, has increased the adoption of small gas engines in portable generators and other portable equipment.
Small Gas Engine Market Restraints
High Maintenance Costs
- Small gas engines require regular maintenance to ensure optimal performance and longevity, and the associated maintenance costs can be a challenge for some consumers and businesses.
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Small Gas Engine Market Competitive Landscape
The global small gas engine market boasts a highly competitive landscape, characterized by the presence of key players striving for market dominance and innovation. These industry giants leverage their extensive expertise and technological prowess to continuously introduce cutting-edge small gas engines that cater to diverse applications and industries. Moreover, partnerships, collaborations, and strategic acquisitions are common strategies employed by these companies to expand their product portfolios and global presence. The relentless pursuit of fuel efficiency, reduced emissions, and enhanced performance drives the competitive spirit in this market, with each player vying to provide eco-friendly and high-performance solutions. Additionally, as sustainability becomes a top priority, manufacturers are increasingly investing in research and development to develop cleaner fuel options and explore electric-powered alternatives. In this dynamic landscape, the competitive landscape remains a driving force for innovation, ensuring that consumers and industries benefit from the best small gas engines that the market has to offer.
Small Gas Engine Market Top Player’s Company Profiles
- Honda Motor Co., Ltd. - Japan
- Briggs & Stratton Corporation - United States
- Kohler Co. - United States
- Yamaha Motor Co., Ltd. - Japan
- Kawasaki Heavy Industries, Ltd. - Japan
- Subaru Corporation - Japan
- Generac Holdings Inc. - United States
- Loncin Holdings Co., Ltd. - China
- Chongqing Rato Technology Co., Ltd. - China
- Mitsubishi Heavy Industries, Ltd. - Japan
- Champion Power Equipment, Inc. - United States
- STIHL Holding AG & Co. KG - Germany
- Hydro-Gear Limited Partnership - United States
- Vanguard Group - United States
- GGP Group - Italy
- Fuji Heavy Industries Ltd. - Japan
- Zhejiang Wanhao Machine Science and Technology Co., Ltd. - China
- Techtronic Industries Co. Ltd. - Hong Kong
- TTI - United States
- Robin America, Inc. - United States
Small Gas Engine Market Recent Developments
- In January 2023, Briggs & Stratton proudly unveiled its latest innovation, the Vanguard 725i Series engines.
- In February 2023, Honda proudly introduced its latest masterpiece, the GX350 engine, to the world. With a legacy of engineering excellence and innovation, Honda continues to raise the bar in the global small gas engine market.
Small Gas Engine Key Market Trends
Shift towards Eco-friendly Solutions
- There is a growing emphasis on sustainability and environmental consciousness, driving the demand for cleaner and greener small gas engines. Manufacturers are focusing on developing engines with reduced emissions and improved fuel efficiency, as well as exploring alternative fuels to meet stringent environmental regulations and consumer preferences.
Increasing Demand for Portable Power Equipment
- The popularity of outdoor activities, camping, and DIY projects has led to a surge in demand for portable power equipment. Small gas engines power a wide range of portable tools and devices, such as portable generators, pressure washers, and trimmers, catering to the needs of consumers who seek convenience and mobility.
Small Gas Engine Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global small gas engine market is a dynamic and growing industry driven by the increasing demand for portable power solutions and outdoor equipment. The market is witnessing a shift towards eco-friendly solutions, with manufacturers focusing on developing engines with reduced emissions and improved fuel efficiency to meet stringent environmental regulations and consumer preferences. Technological advancements, such as electronic fuel injection systems and smart technologies, are enhancing engine performance and functionality, enabling remote monitoring and predictive maintenance. The market is highly competitive, with major players continuously innovating and expanding their product portfolios to stay ahead in the competitive landscape.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.61 billion |
| Market size value in 2031 | USD 3.93 billion |
| Growth Rate | 4.80% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Small Gas Engine Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Small Gas Engine Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Small Gas Engine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Small Gas Engine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Small Gas Engine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Small Gas Engine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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