Small Gas Engine Industry to Achieve $3.61 Billion Growth by 2029

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How Will the Small Gas Engine Market Grow by 2025 in Terms of Size and Growth?
In recent times, the market size for small gas engines has been on a steady upward trajectory. It's anticipated to burgeon from $2.96 billion in 2024 to $3.05 billion in 2025, delineating a compound annual growth rate (CAGR) of 3.1%. The historic period's growth has been spurred by an incremental demand for outdoor power equipment, a burgeoning construction industry, the necessity for residential lawn upkeep, and various agricultural operations.

What Are the Estimated Growth Rates for the Small Gas Engine Industry Through 2029?
Predictions indicate a consistent growth in the small gas engine market over the approaching years, with an anticipated value of $3.61 billion in 2029. This represents a compound annual growth rate (CAGR) of 4.3%. The projected growth in the forecasted period can be associated with factors such as increased demand for portable generators, a commitment to green and environment-friendly remedies, the growth in the construction sector, and higher acceptance in emerging markets. Key trends to look out for during the projected period include a move towards electric substitutes, integration of smart technology, a focus on lightweight and compact models, environmentally friendly solutions, fuel technology advancements, and the broadening of application areas.

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What Are the Strategic Drivers Boosting Small Gas Engine Market Performance?
The small gas engine market is experiencing growth due to the upswing in the construction industry. Numerous constructors and homeowners are purchasing outdoor powdered equipment for miscellaneous construction services, landscaping tasks, or for the upkeep of gardens or lawns in their homes or projects. This need for outdoor-powered machinery in the construction sector is directly boosting the demand for small gas engines. The Global Construction 2030 report estimates that construction output will expand by 85% to $15.5 trillion by 2030. China, India, and the USA are the main countries contributing to this expansion. This surge in the construction sector is anticipated to propel the small gas engine market in the near future.

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What Are the 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 vibrato*rs, 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

What Are the Key Adoption Trends in the Small Gas Engine Market?
Leading businesses within the small gas engine market, such as New-Tech Small Turbine Engine Program, are centering their efforts on creating innovative solutions to enhance their market profitability. This program, initiated for the development and progression of small turbine engines integrated with fresh, inventive technologies, particularly targets the military's specific needs, including unmanned aerial vehicles, recon aircraft, and other compact platforms where strong and dependable engines are vital. For instance, Rolls-Royce-an engineering firm based in the UK celebrated for its aerospace, defense, marine, and energy-related products-introduced this program in June 2023. These types of engines, often used in smaller aircraft, drones and other specialized vehicles, are known for their compact design and specific applications. They are developed with an intention to enhance the design and functionality of small turbine engines through innovative technology integration.

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Which Companies Lead the Competitive Landscape of the Small Gas Engine Industry?
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

Where Are the Key Small Gas Engine Market Opportunities by Region?
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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This release was published on openPR.