Small Gas Engine Market 2023 Fundamentals and expected to raise moderately over 2031

The global small gas engine market size was US$ 2.82 billion in 2021. The global small gas engine market size is forecast to reach US$ 4.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2022 to 2030.

Small engine refers to a variety of low-powered, small-displacement engines used in lawnmowers, generators, concrete mixers, and a wide variety of other machines requiring independent power sources.

For example, a pull-cord starter on an air-cooled single-cylinder petrol engine with a capacitor-discharge ignition system and the gravity-fed carburetor is a typical example. Motorcycles, motor scooters, all-terrain vehicles, and go-karts have similar engine designs and displacements.

Factors Influencing Market Growth

The increasing demand for outdoor power equipment that is low-emission & fuel-efficient, along with the development of special gas engines and remote generation applications, is driving the global market.Download free sample of this report :-https://www.quadintel.com/request-sample/small-gas-engine-market/QI040

Automobile manufacturers are relentlessly working on meeting strict emission norms, thereby gaining immense momentum for small machines. As a result, the latest technological avenues such as micro-hybridization and biofuels may offer robust growth opportunities to the small gas engines market in the forecast period.

Over the forecast period, the high price of small gas engines may slow down the market value of the small gas engines market globally.

Impact Analysis of COVID-19

With the COVID-19 pandemic, the energy and power sectors have been significantly affected, resulting in falling power prices and weaker demand. As a result, the small gas engines market suffered from the construction industry collapsing and the outdoor power equipment market falling.

Due to the long-term impact of the COVID-19 pandemic, most organizations in the small gas engine market are striving to cut the costs of asset protection while ensuring smooth operation flows to curb revenue loss. As a result of the lockdown, energy and power plants ceased operations. Thus, these factors have negatively impacted the global small gas engine market.

Regional Insights

North America accounted for the largest share of the small gas engines market in 2021. Increase in the construction and rental of outdoor power equipment, an increase in the demand for landscape services in the commercial and residential sectors, and an increase in the construction and rental of outdoor power equipment.

Furthermore, Canada and the US are heavily investing in green buildings, increasing the need for gardens near buildings, and advancing the number of construction projects in the region, all of which are contributing to the growth of the global small gas engines market.

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Leading Competitors

The leading prominent companies profiled in the global small gas engine market are:

Briggs and Stratton Corporation
Champion Power Equipment
Kohler Co.
Liquid Combustion Technology
Kipor Power
Kawasaki Heavy Industries
Honda Motor Co., Ltd
Fuji Heavy Industries
Yamaha Motor Corporation
Kubota corporation
Other Prominent Players

Scope of the Report

The global small gas engine market segmentation focuses on Engine Displacement, Application, Equipment, and Region.

Segmentation based on Engine Displacement

20-100cc
101-450cc
451-650cc

Segmentation based on Application

Gardening
Industrial
Construction
Others

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Segmentation based on Equipment

Lawnmower
Chainsaw
portable Generator
Pressure Washer
Trimmer
Edger
Others

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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