Small Engine Market to reach a global value of US$ 5.62 Bn by 2026 end | Briggs & Stratton Corp, Honda Motor Co., Ltd

Small Engine Market

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.

Small engines, whether they are lawn mowers, weed eaters, or chainsaws, are notorious for being difficult to start. This is because they have a high compression ratio. In order to get the engine running, you have to overcome the resistance of the piston by providing an initial burst of energy.

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Once the engine is running, it will continue to run as long as there is fuel and air available. The problem is that it can be difficult to get that initial burst of energy required to start the engine. You might try pulling on the starter cord with all your might, but if you don't provide enough torque, you won't be able to get the engine started.

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.

The report evaluates the key macroeconomic factors projected to support the growth of the global as well as domestic small engine market. The report on the small engine market also includes the challenges/restraints prevailing in the global market along with the perceptive opportunities, latest trends and potential opportunities for small engine market participants across the value chain.

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This small engine market study includes various viewpoints of the global market including value chain analysis, market dynamics, macro-economic factors, competition analysis, pricing analysis, segmental and regional growth comparison and small engine industry growth analysis, along with segment-level projections in an inclusive representation. According to PMR's research, the global small engine market is anticipated to register a CAGR of 4.0% during the forecast period. Increase in recreation & leisure activities, growing preferences for gardening tools in the DIY (Do It Yourself) segment and growing popularity of ergonomically designed tools for gardening are some of the factor driving the growth of the global small engine market.

PMR's report on the small engine market analyses the market at a regional and global level through market segmentation on the basis of key parameters, i.e. engine displacement, application, fuel and region. Market consolidation is one of the market characteristic observed during the study. Importantly, small engines are mainly sold through retails stores, dealers, and online channels.

Small engines are internal combustion engines used to power garden equipment, utility vehicles (small vehicles) and auxiliary applications. The small engine market report has been designed to enable the reader to obtain detailed knowledge about the global small engine market. The global small engine market report starts with a market introduction, definitions and taxonomy, followed by the market view point, market dynamics and market analysis by key segments, regional analysis and competition landscape. Individual sections covered in the report include a qualitative as well as quantitative assessment based on several facts, historical as well as ongoing trends gaining momentum in the global small engine market. The key highlight of the report is considered to be the in-depth primary survey conducted around the globe. The survey focuses on the qualitative as well as cross-sectional information in the small engine market.

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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Key Companies- 

• 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.

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This release was published on openPR.