General Purpose Gasoline Engine Market Forecast Driven by Demand Across Industrial and Emergency Applications | Valuates Reports

General Purpose Gasoline Engine Market Size
The global General Purpose Gasoline Engine market was valued at US$ 7608.9 million in 2023 and is anticipated to reach US$ 8944 million by 2030, witnessing a CAGR of 2.0% during the forecast period 2024-2030.

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The general purpose gasoline engine market is experiencing steady market growth, driven by balanced demand across diverse applications ranging from forestry to emergency rescue operations. The market size continues to expand as industries seek versatile, reliable, and mobile power sources for small equipment and machinery.

By type, single cylinder gasoline engines hold the larger market share, given their simplicity, cost effectiveness, and widespread use in small generators, forestry tools, and agricultural machinery. Two cylinder engines maintain a significant but smaller share, favored in applications requiring additional power and smoother performance. The 'others' category, including multi cylinder or specialty engines, represents a niche but growing portion of the market, addressing higher power and specialized equipment needs.

In application segments, small generators account for a major share of the market size, supported by continual demand for backup power in residential, commercial, and remote settings. Forestry equipment and plant protection machinery in agriculture and forestry also occupy substantial share, given their reliance on portable engine powered tools. Small construction machinery and emergency rescue equipment contribute moderately, reflecting the engines' adaptability in rugged and critical use environments. Other applications, such as recreational or marine uses, form a smaller but emerging trend as engine versatility expands.

Overall, the general purpose gasoline engine market forecast indicates sustained market growth, supported by ongoing equipment modernization, continued reliance on mobile power solutions, and gradual innovation in engine performance and emissions compliance.

Segment by Type

• Single Cylinder Gasoline Engine
• Two-Cylinder Gasoline Engine
• Others

Segment by Application

• Forestry Equipment
• Small Generator
• Plant Protection Machinery in Agriculture and Forestry
• Small Construction Machinery
• Emergency Rescue Equipment
• Others

By Company
HONDA, Briggs & Stratton, KOHLER, Kawasaki, Kubota, Chongqing Zongshen General Power Machine, GENERAC, Loncin Motor, YAMAHA, Shandong Huasheng Zhongtian Engineering Machinery, Chongqing Fuchai Power Machinery, Lifan Technology

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This release was published on openPR.