Small Engine Market is anticipated to Reach US$ 5.62 at a CAGR of 4.0% by 2026-end

Small Engine Market 2022 to 2026

By the end of the forecast period, the market for small engines is anticipated to have grown to more than US$ 5.62 billion, with a value CAGR of 4.0%.

Additionally, the global small engine market is anticipated to reach 214.4 Mn units by 2026, displaying a CAGR of 4.1% over the forecast period, and is projected to reach 15,513.1 Thousand Units by the end of 2018.

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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. Persistence Market Research has released a new market study titled "Small Engine Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026", which studies the global small engine market and offers deep-dive analysis for the next ten years.

Key Players- 

• Briggs & Stratton Corporation
• Honda Motor Co., Ltd.
• Kawasaki Heavy Industries, Ltd.
• JEEMAR POWER CO., LTD
• Chongqing Fuchai Industry Group
• Changchai Co., Ltd.
• Kohler Co.
• Motorenfabrik Hatz GmbH & Co. KG
• Kubota Engine America Corporation
• Loncin Motor Co., Ltd.
• Generac Power Systems, Inc.
• Others.

The Small Engine Market is a rapidly growing sector in the global market. It includes engines used in motorcycles, ATVs, UTVs, snowmobiles and more. Small engine technology has advanced significantly over the last decade with advances in fuel injection systems and electronic controls which have improved performance and reliability. Small engines are available from a variety of different manufacturers including Honda, Kawasaki, Yamaha, Suzuki and others. These engines are used for recreational activities such as racing, mudding, trail riding or just for fun. Small engines also provide power for a wide range of applications such as lawn care equipment, generators and pumps.

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Small engine markets around the world vary greatly depending on the region's local needs and regulations. In Asia Pacific countries such as Japan, China and India, the market is mainly driven by sport and recreational activities. In North America, ATVs are popular while in Europe lawnmowers and snowblowers make up a large portion of the Small Engine Market. Small engine markets are also expanding into developing countries such as Brazil, Russia, South Africa and other African nations.

The Small Engine Market is expected to continue to grow over the coming years due to increasing demand for more efficient engines with higher performance capabilities. Furthermore, advancements in technology will result in smaller yet powerful engines suitable for a range of applications from recreational activities to powering industrial machinery. It is clear that the Small Engine Market has great potential for growth in both developed and emerging regions around the world.

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.

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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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This release was published on openPR.