Press release
Small Engine Market 2021 Expected to reach US$ 5,628.2 Million with 4.0% CAGR Forecast to 2026
Small Engine Market 2021-2026.
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.
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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.
Key Players:
The report has profiled some of the Important players prevalent in the global like – 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 and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Small Engine.
Small Engine Market: Dynamics
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.
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.
At a macro-level, volatile market environment, prominence of the online market and the shift in small engine manufacturing to Asia are expected to encourage new sales growth in the small engine market. The growth of small engines used for recreational activities is also expected to remain robust, underpinned by an optimistic growth forecast for regional GDP.
Small Engine Market: Forecast
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.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Small Engine Market Manufacturers
Small Engine Market Distributors/Traders/Wholesalers
Small Engine Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Small Engine Market Report:
The Small Engine Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Small Engine Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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