Press release
Small Engines for Home and Garden Equipment Market Size 2024 to 2031.
Market Overview and Report CoverageThe Small Engines for Home and Garden Equipment Market is a sector that includes the engines used in various types of equipment such as lawn mowers, chainsaws, leaf blowers, trimmers, and more. These small engines are essential for powering these tools and play a crucial role in maintaining residential and garden spaces.
The current outlook for the Small Engines for Home and Garden Equipment Market is positive, with steady growth expected in the coming years. The market is projected to grow at a CAGR of 4.10% during the forecasted period. This growth can be attributed to the increasing demand for landscaping and gardening services, growing popularity of DIY home improvement projects, and rising disposable income in emerging economies.
Additionally, advancements in engine technology, such as the development of more fuel-efficient and environmentally friendly engines, are expected to drive market growth further. Manufacturers in the industry are focusing on innovation and product development to meet the evolving needs of consumers and comply with stringent environmental regulations.
Overall, the Small Engines for Home and Garden Equipment Market is poised for expansion and is likely to witness continued growth in the foreseeable future.
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Market Segmentation
The Small Engines for Home and Garden Equipment Market Analysis by types is segmented into:
• Gasoline Engines
• Diesel Engines
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Small engines for home and garden equipment are typically categorized into two main markets - gasoline engines and diesel engines. Gasoline engines are popular for smaller equipment such as lawnmowers and chainsaws due to their ease of use and maintenance. Diesel engines, on the other hand, are known for their increased durability and efficiency, making them a preferred choice for larger equipment like tractors and generators. Both types of engines are widely used in the home and garden equipment industry, catering to different needs and preferences of consumers.
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The Small Engines for Home and Garden Equipment Market Industry Research by Application is segmented into:
• Lawn Mower
• Chainsaw
• Hedge Trimmer
• Others
The small engines for home and garden equipment market includes products such as lawn mowers, chainsaws, hedge trimmers, and others. These engines are commonly used in a variety of outdoor equipment for residential and commercial purposes. They provide power and mobility for tasks such as lawn maintenance, tree cutting, and hedge trimming. The market for small engines for home and garden equipment is driven by the demand for efficient and reliable tools to assist in landscaping and outdoor maintenance activities.
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In terms of Region, the Small Engines for Home and Garden Equipment Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Small Engines for Home and Garden Equipment market?
The global small engines for home and garden equipment market is seeing a rise in demand for electric and battery-powered engines due to increasing focus on sustainability and environmental concerns. This shift towards cleaner energy sources is driving manufacturers to innovate and develop more efficient and eco-friendly engines. Additionally, advancements in technology are leading to the development of smart engines with features such as remote monitoring and control. The market is also witnessing a trend towards smaller, portable engines that offer greater convenience and ease of use for consumers. Overall, the industry is evolving towards more sustainable, efficient, and user-friendly small engines.
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Major Market Players
Briggs and Stratton, founded in 1908, is a leading player in the small engines market for home and garden equipment. The company has a long history of innovation and quality products, making them a trusted brand amongst consumers. Their market growth has been steady over the years, with a strong presence in North America and expanding into other regions.
Honda, founded in 1948, is another major competitor in the small engines market. Known for their reliable engines and high-performance products, Honda has a strong foothold in the market. They have seen rapid growth in recent years, expanding their product line and market reach.
Kohler, founded in 1873, is a well-established player in the small engines market. With a reputation for durable and efficient engines, Kohler has a loyal customer base. They have experienced steady market growth and continue to innovate and expand their product offerings.
In terms of market size, the small engines for home and garden equipment market is expected to reach a value of over $38 billion by 2026. This growth is driven by increasing demand for outdoor power equipment and a growing emphasis on sustainability and energy efficiency.
In 2020, Briggs and Stratton reported sales revenue of over $1.6 billion, while Honda reported sales revenue of over $138 billion. These figures highlight the significant market presence and financial strength of these companies in the small engines market. As the market continues to grow and evolve, competition amongst players like Briggs and Stratton, Honda, and Kohler is expected to remain fierce.
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