Press release
Global Small Gas Engine Market Comprehensive Study: Forecasted Market Size And Growth Rate
Small Gas Engine Market
The Business Research Company offers in-depth market insights through Small Gas Engine Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The small gas engine market size has grown steadily in recent years. It will grow from $2.84 billion in 2023 to $2.98 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to rise in outdoor power equipment demand, growing construction industry, residential lawn maintenance, agricultural applications.
The small gas engine market size is expected to see steady growth in the next few years. It will grow to $3.56 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to rising demand for portable generators, focus on green and sustainable solutions, expansion of the construction sector, increasing adoption in emerging markets. Major trends in the forecast period include shift towards electric alternatives, smart technology integration, emphasis on lightweight and compact designs, eco-friendly solutions, innovations in fuel technology, diversification of applications.
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Market Segmentation:
The small gas engine market covered in this report is segmented -
1) By Engine Displacement: 20 cc to 100 cc, 101 cc to 400 cc, 401 cc to 650 cc
2) By End-Use: Gardening, Industrial, Construction
3) By Equipment: Lawnmower, Chainsaw, String Trimmer, Hedge Trimmer, Portable Generator, Rotary Tiller, Pressure Washer, Concrete Screed, Edger, Leaf Blower, Snow Blower
Major Driver - Construction Industry Surge Fuels Growth In The Small Gas Engine Market
The rise in the construction industry is driving the small gas engine market. Many builders and homeowners are buying outdoor powdered equipment for various building construction services, landscaping services, or maintaining lawns or gardens in their projects or homes. This demand for outdoor-powered equipment used in the construction industry is directly influencing the demand for small gas engines. According to the Global Construction 2030 report, the volume of construction output is expected to grow by 85% to $15.5 trillion by 2030. Major countries contributing to this growth are China, India, and the USA. This rise in the construction market is expected to drive the small gas engine market going forward.
Competitive Landscape:
Major companies operating in the small gas engine market report are Briggs and Stratton Corporation, Kohler Co., Honda Motor Co. Ltd, Yamaha Motor Corp., Kawasaki Heavy Industries, Kubota Corporation, Kipor Power, Champion Power Equipment, Generac Power Systems Inc., Fuji Heavy Industries Ltd., Fuzhou Launtop M&E Co. Ltd., Liquid Combustion Technology LLC, Lifan Power USA, Zongshen Power, Subaru Corporation, Sinoquip Power, Chongqing Winyou Power Co. Ltd., Lombardini Srl, Wuxi Kipor Power Co. Ltd., Jiangsu Excalibur Power Machinery Co. Ltd., Changzhou ETK Power Machinery Co. Ltd., Taizhou Genour Power Machinery Co. Ltd., Tecumseh Products Company, Robin America Inc., Mitsubishi Heavy Industries Engine & Turbocharger Ltd., Loncin Industries Ltd., Koki Holdings Co. Ltd., SAE Manufacturing Specialties Corp., Triton Duro Power Systems Inc., Performance Assembly Solutions, Central Diesel Inc., Sage Parts
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https://www.thebusinessresearchcompany.com/report/small-gas-engine-global-market-report
Top Trend - Revitalizing Small Gas Engines Rolls-Royce's Innovative Turbine Engine Venture
Major companies operating in the small gas engine market are focused on developing innovating solutions, such as the New-Tech Small Turbine Engine Program, to increase their profitability in the market. The New-Tech Small Turbine Engine Program refers to an initiative or project aimed at the development and advancement of small turbine engines incorporating new and innovative technologies. The program aimed to address the specific needs of the military for unmanned aerial vehicles, reconnaissance aircraft, and other smaller platforms where compact, powerful, and reliable engines were crucial. For instance, in June 2023, Rolls-Royce, a UK-based engineering company known for its aerospace, defense, marine, and energy-related products and services, launched the New-Tech Small Turbine Engine Program. These engines are typically characterized by their size and application, often being used in smaller aircraft, drones, and other specialized vehicles or machinery. aimed at the development and advancement of small turbine engines incorporating new and innovative technologies. These engines are typically characterized by their size and application, often being used in smaller aircraft and drones, and are aimed at the development and advancement of small turbine engines incorporating new and innovative technologies.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Small Gas Engine Market Characteristics
3. Small Gas Engine Market Trends And Strategies
4. Small Gas Engine Market - Macro Economic Scenario
5. Small Gas Engine Market Size And Growth
…..
27. Small Gas Engine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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