Small Gas Engine Market

Small Gas Engine Market

Growth Factors of Small Gas Engine Market

The Small Gas Engine market size was valued at USD 2.70 billion in 2023, and the market is now projected to grow from USD 2.85 billion in 2024 to USD 4.39 billion by 2032, exhibiting a CAGR of 5.5% during the forecast period of 2024-2032.

The COVID-19 widespread has affected a few commerce segments, such as power generation, fabricating, oil & gas, mining, automotive, construction and other commercial sectors. Governments in numerous nations had to force across the country lockdowns and the power and energy segment has confronted critical negative impacts and declined ventures in this division due to the lockdown. The widespread has too caused supply chain disturbances, influencing the raw material transport utilized to make such motors. The demand for such motors was exceptionally low from application businesses amid the widespread.

The demand for open air power hardware is expanding around the world due to the booming commercial and residential markets. Construction workers and mortgage holders are moving from routine strategies to leasing open air control gear. Leasing such hardware costs less and is cost-effective to preserve. Such hardware requires low control and lower torque and, hence, is generally prepared with little motors that majorly run on characteristic gas to discharge lower GHG emanations. The higher appropriation of such hardware boosts the worldwide market development.

Rigid emission measures have expanded the selection of small gas engines in different businesses, such as car manufacturing. The U.S. Environmental Protection Agency (EPA) has set outflow benchmarks to control deplete and evaporative emanations from little gas motors. Agreeing to these benchmarks, little gas motors ought to emanate not more than one-third of hydrocarbons compared to other gas motors. This request has cleared the way for modern specialized roads and headways, such as micro-hybridization and biofuels, which are anticipated to supply market development openings with an elated small gas engine market growth over the estimate period.

Comprehensive Analysis Of Small Gas Engine Market

The market is bifurcated into 20-100 CC, 101-450 CC, and 451-650 CC based on sort. The 101-450 CC section is anticipated to rule market share over the forecasted period. The market is separated into pressure washers, lawnmowers, leaf blowers, portable generators, chainsaws and others based on the equipment. The lawnmower portion will likely witness development with the most noteworthy CAGR from the figure period. Lawnmowers are profoundly in request for their wide application in private and commercial segments. The advertise is portioned into development, mechanical, and cultivating based on application. The cultivating portion is anticipated to rule the advertise amid the estimate period. The gardening portion is broadly developing and introducing equipment such as trimmers, lawnmowers, and leaf blower.

North America overwhelmed the worldwide small gas engines market share with a valuation of USD 1.07 billion in 2023. The development and mechanical sections are seeing higher development. The drift of leasing hardware is expanding in such divisions in North America. The request for outdoor gear is additionally on a rage for scene administrations in this region. The U.S. and Canada are profoundly contributed within the development segment in this region.

Honda Motor Co., Ltd. (Japan), Subaru (U.S.), Kohler Co. (U.S.), Briggs & Stratton Corporation (U.S.), Yamaha Motor Corp. (Japan), and Kawasaki Heavy Industries (Japan) are the major players noticeable key players, capturing an impressive worldwide market share in 2023. The driving position of these companies is basically credited to solid item offerings, counting strength generics.

In October 2021 the company Briggs & Stratton has declared the Vanguard 400 single-cylinder motor dispatch, which can be changed over to run on propane. This motor has been certified by the Environmental Protection Agency as compliant with the Clean Discuss Act outflow benchmarks. This motor is the primary and as it were motor in its measure class.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.5% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Type

- 20-100 CC

- 101-450 CC

- 451-650 CC

By Equipment

- Lawnmower

- Chainsaw

- Leaf Blower

- Pressure Washer

- Portable Generator

- Others

By Application

- Construction

- Industrial

- Gardening

By Region

- North America (By Type, By Equipment, By Application, By Country)

• U.S. (By Application)
• Canada (By Application)

- Europe (By Type, By Equipment, By Application, By Country)

• U.K. (By Application)
• France (By Application)
• Spain (By Application)
• Germany(By Application)
• Italy (By Application)
• Rest of Europe (By Application)

- Asia Pacific (By Type, By Equipment, By Application, By Country)

• China (By Application)
• India (By Application)
• Japan (By Application)
• Southeast Asia (By Application)
• Rest of Asia Pacific (By Application)

- Latin America (By Type, By Equipment, By Application, By Country)

• Brazil (By Application)
• Mexico (By Application)
• Rest of Latin America (By Application)

- Middle East and Africa (By Type, By Equipment, By Application, By Country)

• GCC (By Application)
• Saudi Africa (By Application)
• Rest of Middle East & Africa (By Application)


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