Construction Industry Surge Fuels Growth In The Small Gas Engine Market: Strengthening the Growth Trajectory of the Small Gas Engine Market

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What Is the Expected CAGR for the Small Gas Engine Market Through 2025?
In recent years, there has been steady growth in the market size of small gas engines. The market, which is projected to increase from $2.96 billion in 2024 to $3.09 billion in 2025, is set to experience a compound annual growth rate (CAGR) of 4.5%. The past period's growth can be traced back to the escalating demand for outdoor power equipment, the expanding construction industry, residential lawn care, and agricultural uses.

What's the Projected Size of the Global Small Gas Engine Market by 2029?
The market for small gas engines is projected to experience consistent expansion in the upcoming years, rising to $3.72 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 4.8%. The increased need for portable generators, a shift towards sustainable and eco-friendly solutions, growth of the construction industry, along with broader adoption in developing markets contribute to this anticipated growth during the forecast period. Future trends to watch include a move towards electric options, incorporation of smart technologies, a focus on compact and lighter designs, environmentally-friendly solutions, advancements in fuel technology, and the broadening of application domains.

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Top Growth Drivers in the Small Gas Engine Industry: What's Accelerating the Market?
The surge in the construction sector is fueling the small gas engine market. Numerous constructors and homeowners are opting for outdoor powdered equipment for diverse construction services, landscaping chores, or maintenance of lawns and gardens in their ventures or residences. The need for outdoor-powered machinery utilized in the construction sector is directly impacting the small gas engine demand. According to the report Global Construction 2030, it is projected that the construction output volume will experience a growth of 85%, reaching $15.5 trillion by 2030. Countries adding significantly to this growth include China, India, and the USA. This boost in the construction industry is anticipated to trigger the advancement of the small gas engine market in the future.

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What Trends Will Shape the Small Gas Engine Market Through 2029 and Beyond?
Leading businesses in the small gas engine market, such as the New-Tech Small Turbine Engine project, are striving to create innovative solutions to boost their profitability. The New-Tech Small Turbine Engine project is essentially a scheme or endeavor for the evolution and progression of small turbine engines using trailblazing technologies. The scheme seeks to meet the precise demands of the military for unmanned flying crafts, spying planes, and other compact platforms, where robust, potent, and dependable engines are vital. For instance, Rolls-Royce, a UK engineering firm recognized for its aerospace, defense, marine, and energy-related products and services, initiated the New-Tech Small Turbine Engine project in June 2023. The key features of these engines are their size and usage, commonly utilized in compact planes, drones, and other niche vehicles or machinery, and are geared towards the evolution and progression of small turbine engines using groundbreaking technologies.

What Are the Main Segments in the Small Gas Engine Market?
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 Vi*brators, Concrete Screed, Edger, Leaf Blower, Snow Blower

Subsegments:
1) By 20 cc To 100 cc: 2-Stroke Engines, 4-Stroke Engines
2) By 101 cc To 400 cc: 2-Stroke Engines, 4-Stroke Engines
3) By 401 cc To 650 cc: 2-Stroke Engines, 4-Stroke Engines

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Which Top Companies are Driving Growth in the Small Gas Engine Market?
Major companies operating in the small gas engine market include 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

Which Regions Will Dominate the Small Gas Engine Market Through 2029?
North America was the largest region in the small gas engine market in 2024. The regions covered in the small gas engine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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