What's the Ongoing Trends of Small Engine market? Briggs & Stratton Corporation, Honda Motor Co., Ltd., Kawasaki Heavy Industries, Ltd., Jeemar Power Co., Ltd., Chongqing Fuchai Industry Group, Changchai Co., Ltd., Kohler Co.
Some of the prominent market participants involved in the manufacturing of small engines are Briggs & Stratton Corporation, Honda Motor Co., Ltd., Kawasaki Heavy Industries, Ltd., Jeemar Power Co., Ltd., Chongqing Fuchai Industry Group, Changchai Co., Ltd., Kohler Co., Kohler Co., Kubota Engine America Corporation, Loncin Motor Co., Ltd. and Generac Power Systems, Inc.
The global small engine market was valued at US$ 7,732.3 Mn in 2013 and is anticipated to be valued at US$ 4,127.2 Mn by 2018 end. The small engine market is expected to grow at a substantial CAGR of 4.0% between 2018 and 2026 and is estimated to reach a global value of US$ 5,628.2 Mn by 2026 end.
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Small engines, also known as gasoline-powered or gas-powered small engines, are internal combustion engines used in power garden equipment, utility vehicles (small vehicles) and auxiliary applications. Small engines considered in this study have been mainly classified on the basis of engine displacement, fuel type, and application.
As GDP growth accelerates, income and consumer confidence levels also rise, which further boosts the demand for small engines. The 101-300 CC segment, expanding at a CAGR of 5.8% over the forecast period, is projected to gain 340 BPS by 2026. The 301-600 segment is pegged to be an attractive segment in terms of market share, owing to the high sales of small engines in North America and Europe.
The demand for mainstream products installed with small engines is significantly impacted by unpredictable power-outages that can lead to substantial variations in, and uncertainties regarding, financial results from period to period. Sales of small engines is subject to consumer buying patterns and the demand for a wide range of small engine applications, such as portable generators, which are affected by power outage events caused by blackouts, thunderstorms, hurricanes, storms and other power grid reliability issues. The impact of these outage events on sales can vary depending on the frequency, location and severity of the outages. Among city planners and real estate agents, the demand for landscaping in commercial as well as residential areas by dwellers has increased, which directly fuels the demand for small engines.
Approximately, more than 60% of people tend to pay more for an apartment or residential space with a gardening area. The demand for landscaping is rising in order to provide an aesthetic appeal to commercial and residential properties. Landscaping benefits include restoring native plants to residential landscapes, adding plants indoors to improve air quality and human productivity.
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Moreover, gardening/landscaping is a preferred leisure outdoor activity. According to the facts and figures presented by National Gardening Association, more than 90 Million U.S. households (27 Million of whose members are over age 54) participate in some type of garden and lawn activity. Most of the gardeners agree that gardening is good for the mind, body and soul. Thus, the ageing population will also drive the demand for gardening equipment and small engines collectively.
The accommodation, hotel and restaurant sector is set to directly benefit from the growth of the tourism industry. Growing consumer preference for environment-friendly accommodations and garden restaurants have led to infrastructural changes that demand outdoor power equipment. This trend is highly likely to augment the demand for outdoor power equipment in the hospitality sector.
Table of Content
1. Executive Summary
1.2. Market Analysis
1.3. TMRR Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Viewpoint
3.1. Macro-Economic Factors
3.1.1. Global Population Overview
3.1.2. Global Construction Industry Snapshot
3.1.3. Global Real GDP Growth
3.1.4. Global Industry-Value Added Growth
3.1.5. Global Construction Industry and Urbanization Growth Outlook
3.1.6. New Residential Sales in the U.S.
3.1.7. Emission Related Data for the US.
3.1.8. Installed Base of Lawn and Garden Equipment in the U.S.
3.1.9. Per Capita Annual Spending on Gardening and Outdoor Living
3.2. Market Dynamics
3.3. Value Chain
3.4. Forecast Factors – Relevance and Impact
3.5. Market Share Growth Recommendations
4. Global Small Engine Market Analysis 2013–2017 and Forecast 2018–2026
4.1.1. Market Volume (‘000 Units) Projections
4.1.2. Absolute $ Opportunity
4.2. Global Average Pricing Analysis (US$ Per Unit)
4.3. Market Size (US$ Mn) Analysis and Forecast
4.3.1. Historical Market Size Analysis, 2013–2016
4.3.2. Current Market Size Forecast, 2018–2026
5. Global Small Engine Market Analysis 2013–2017 and Forecast 2018–2026 By Engine Displacement
5.1. Introduction / Key Findings
5.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Engine Displacement, 2013 - 2017
5.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Engine Displacement, 2018 - 2026
5.3.1. 20 – 100 CC
5.3.2. 101 – 300 CC
5.3.3. 301 – 600 CC
5.3.4. 600 CC and Above
5.4. Market Attractiveness Analysis By Engine Displacement
6. Global Small Engine Market Analysis 2013–2017 and Forecast 2018–2026 By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Application, 2013 - 2017
6.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Application, 2018 - 2026
6.3.2. Gardening/ Landscaping
188.8.131.52.1. Lawn mowers
184.108.40.206.3. Lawn tractors
220.127.116.11.4. Garden tillers
18.104.22.168.5. Snow throwers
22.214.171.124.6. String trimmers
126.96.36.199.8. Leaf blowers
188.8.131.52.1. Conveyor System
184.108.40.206.2. Horizontal Boring Units
220.127.116.11.3. Cement Mixers
18.104.22.168. Portable Electric Generators
22.214.171.124. Welding Generators
126.96.36.199. Water Pumps
6.3.5. Small Vehicles
6.3.6. Refrigerated Transport
6.4. Market Attractiveness Analysis By Application
7. Global Small Engine Market Analysis 2013–2017 and Forecast 2018–2026 By Fuel Type
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Fuel Type, 2013 - 2017
7.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Fuel Type, 2018 - 2026
7.4. Market Attractiveness Analysis By Fuel Type
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