Small Engine Market Size to Surpass US$ 5.62 Billion in revenues by 2026 end | Persistence Market Research

Small Engine Market

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$ 5.62 Billion by 2026 end. The growth of the market is driven by the rising demand for small engines in power equipment such as generators, lawnmowers, and pressure washers, among others. The Asia-Pacific region is expected to be the fastest-growing region in the small engine market, owing to the growing demand for small engines in the region's industrial and agricultural sectors.

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A small engine is an internal combustion engine that has a power output of 25 horsepower or less. These engines are used in a variety of applications, including lawnmowers, generators, pressure washers, and other power equipment. Small engines are typically powered by gasoline or diesel fuel, and they are designed to be compact, lightweight, and efficient. The small engine market has experienced significant growth over the past few years, driven by the increasing demand for power equipment and the growing need for portable power sources.

The market growth is driven by the increasing demand for small engines in power equipment such as lawnmowers, generators, pressure washers, and others. Small engines offer several advantages over larger engines, including lower weight, greater fuel efficiency, and lower emissions. The growth of the market is driven by factors such as increasing demand for outdoor power equipment, technological advancements in engines, and growing demand from the residential and commercial sectors.

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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Segmentation

The small engine market can be segmented based on engine type, application, and region.

Based on engine type, the market can be segmented into gasoline engines, diesel engines, and others. Gasoline engines are the most widely used type of small engine and are used in a variety of power equipment, including lawnmowers, generators, and pressure washers.

Based on application, the market can be segmented into power equipment, automotive, marine, and others. Power equipment is the largest application segment in the small engine market and includes lawnmowers, generators, and pressure washers.

Regional Analysis

The small engine market can be segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The Asia-Pacific region is expected to be the fastest-growing region in the small engine market, owing to the growing demand for small engines in the region's industrial and agricultural sectors. China is the largest market for small engines in the Asia-Pacific region, followed by India, Japan, and South Korea.

North America and Europe are mature markets for small engines, with the United States being the largest market in North America. The market growth in these regions is driven by the replacement of aging power equipment and the increasing demand for clean and efficient power sources.

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Key Questions Answered in This Report -

• Which is the largest regional market for Small Engine?
• What are the upcoming trends of Small Engine Market in the world?
• What are the key driving factors for the growth of the Small Engine Market?
• What are the top players operating in the Small Engine Market?
• What are the key regions in the global Small Engine market?
• Who are the key players/companies in the global Small Engine market?

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