The small gas engine market is projected to be worth USD 3.0 billion in 2024. The market is anticipated to reach USD 5.0 billion by 2034. The market is further expected to surge at a CAGR of 5.2% during the forecast period 2024 to 2034.
| Attributes | Key Insights |
|---|---|
| Small Gas Engine Market Estimated Size in 2024 | USD 3.0 billion |
| Projected Market Value in 2034 | USD 5.0 billion |
| Value-based CAGR from 2024 to 2034 | 5.2% |
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The growth of the construction industry, particularly in emerging economies, drives the demand for construction equipment powered by small gas engines, such as concrete mixers, pumps, and compactors.
The scope for small gas engine rose at a 6.9% CAGR between 2019 and 2023. The global market is anticipated to grow at a moderate CAGR of 5.2% over the forecast period 2024 to 2034.
The market experienced steady growth during the historical period, driven by factors such as increasing demand for outdoor power equipment, expansion of the landscaping and gardening services industry, technological advancements improving engine efficiency and emissions control, and the rising popularity of portable generators for residential and commercial use.
The market had also witnessed trends such as the integration of smart technologies into small gas powered equipment, a shift towards environmentally friendly engines to comply with emissions regulations, and expansion into emerging markets with growing infrastructure development and urbanization.
Forecast projections for the small gas engine market during the forecast period are anticipate continued growth fueled by several factors, including sustained demand for outdoor power equipment driven by landscaping services, urbanization, and infrastructure development.
Technological advancements are likely to play a significant role, with manufacturers focusing on developing cleaner, more fuel efficient engines and integrating smart features for improved performance and maintenance.
The market is also expected to witness increasing competition from electric powered alternatives, prompting small gas engine manufacturers to innovate and differentiate their products to maintain market share.
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The growing demand for outdoor power equipment such as lawnmowers, trimmers, chainsaws, and generators, which rely on small gas engines, is a significant driver of market growth.
Increasingly stringent emissions regulations, particularly in regions like Europe and North America, pose a challenge for small gas engine manufacturers. Compliance with emission standards requires investments in research and development to develop cleaner and more efficient engine technologies, which can increase production costs.
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The below table showcases revenues in terms of the top 5 leading countries, spearheaded by Japan, and the United Kingdom. The countries are expected to lead the market through 2034.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 5.5% |
| The United Kingdom | 6.5% |
| China | 5.9% |
| Japan | 6.9% |
| Korea | 3.2% |
The small gas engine market in the United States expected to expand at a CAGR of 5.5% through 2034. The country has a large market for outdoor power equipment such as lawn mowers, trimmers, chainsaws, and leaf blowers, all of which rely on small gas engines. The demand for these products is driven by residential and commercial landscaping needs, as well as maintenance of parks, golf courses, and other outdoor spaces.
The high homeownership rate in the United States contributes to the demand for small gas powered equipment for lawn care and maintenance. Homeowners often invest in lawn mowers, trimmers, and other tools powered by small gas engines to maintain their properties.
The small gas engine market in the United Kingdom is anticipated to expand at a CAGR of 6.5% through 2034. There is a significant demand for landscaping and gardening services in the United Kingdom.
Small gas powered equipment such as lawn mowers, trimmers, and leaf blowers are essential tools for maintaining gardens, parks, and outdoor spaces, driving demand for small gas engines.
The construction industry in the United Kingdom, both residential and commercial sectors, drives demand for small gas powered equipment used in construction activities. Tools such as portable generators, concrete mixers, and pressure washers are commonly powered by small gas engines and are essential for construction projects.
Small gas engine trends in China are taking a turn for the better. A 5.9% CAGR is forecast for the country from 2024 to 2034. The agricultural sector in China is undergoing mechanization, with farmers increasingly adopting small gas powered equipment such as tillers, sprayers, and pumps. Small gas engines play a crucial role in modernizing agricultural practices and improving productivity.
China experiences frequent power outages, especially in rural areas, due to infrastructure limitations and weather related events. Portable generators powered by small gas engines provide backup power during emergencies, contributing to market growth.
The small gas engine market in Japan is poised to expand at a CAGR of 6.9% through 2034. Japanese manufacturers are known for their innovation and focus on technological advancements.
Continuous improvements in engine design, fuel efficiency, and emission reduction contribute to the appeal of small gas engines in the Japanese market. Consumers are increasingly inclined towards eco friendly and energy efficient products, which drive the adoption of advanced small gas engines.
The Japanese government implements regulations and incentives to promote energy efficiency, reduce emissions, and encourage the adoption of environmentally friendly technologies. Compliance with these regulations drives innovation in small gas engine technology and encourages manufacturers to develop cleaner and more efficient engines, thereby boosting market growth.
The small gas engine market in Korea is anticipated to expand at a CAGR of 3.2% through 2034. The tourism industry in Korea continues to grow, attracting domestic and international visitors to its diverse attractions and natural landscapes.
Small gas engines power equipment used in the tourism sector, including recreational vehicles, tour boats, and outdoor event equipment, contributing to market growth.
Infrastructure development projects in rural areas, including road construction, irrigation systems, and rural electrification, drive demand for small gas powered equipment. Portable generators, water pumps, and compactors are essential tools for these projects, stimulating market growth in rural regions.
The below table highlights how 20 cc to 100 cc segment is projected to lead the market in terms of engine displacement, and is expected to account for a CAGR of 5.0% through 2034. Based on equipment, the lawn mower segment is expected to account for a CAGR of 4.7% through 2034.
| Category | CAGR through 2034 |
|---|---|
| 20 cc to 100 cc | 5.0% |
| Lawn Mower | 4.7% |
Based on engine displacement, the 20 cc to 100 cc segment is expected to continue dominating the small gas engine market. The 20 cc to 100 cc engine segment is commonly used in various outdoor power equipment such as lawn mowers, trimmers, chainsaws, and small generators. The demand for small gas engines within this displacement range increases, as homeowners, landscapers, and commercial users seek efficient and reliable equipment for lawn care and landscaping tasks.
There is a corresponding rise in the demand for small gas engines to power equipment used in maintaining lawns, gardens, and green spaces, with an increasing focus on landscaping and gardening activities for residential and commercial properties.
In terms of equipment, the lawn mower segment is expected to continue dominating the small gas engine market, attributed to several key factors. There is a growing demand for lawn mowers and related equipment, as homeowners, landscaping companies, and commercial property owners prioritize lawn maintenance and landscaping. Lawn mowers powered by small gas engines are widely used for cutting grass in residential yards, parks, golf courses, and commercial landscapes.
Gas powered lawn mowers offer several advantages over electric and manual mowers, including greater power, longer run times, and the ability to handle larger lawns and thicker grass. Many users prefer gas powered mowers for their performance and convenience, especially in areas without easy access to electrical outlets or for properties with extensive grass areas.
The competitive landscape of the small gas engine market is dynamic and diverse, characterized by a mix of established players, emerging companies, and regional manufacturers.
Company Portfolio
| Attribute | Details |
|---|---|
| Estimated Market Size in 2024 | USD 3.0 billion |
| Projected Market Valuation in 2034 | USD 5.0 billion |
| Value-based CAGR 2024 to 2034 | 5.2% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Market Segments Covered | Engine Displacement, Equipment, End Use, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, France, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Briggs and Straton Corporation; Honda Motor Co.; Kohler Co.; Kawasaki Heavy Industries; Fuji Heavy Industries; Yamaha Motor Co.; Kubota Corporation; Liquid Combustion Technology LLC.; Champion Power Equipment; Fuzhou Launtop M&E Co. Ltd.; Maruyama Mfg. Co. Inc.; Lifan Power |
The small gas engine market is projected to reach a valuation of USD 3.0 Billion in 2024.
The small gas engine industry is set to expand by a CAGR of 5.2% through 2034.
The small gas engine market is forecast to reach USD 5.0 Billion by 2034.
Japan is expected to be the top performing market, exhibiting a CAGR of 6.9% through 2034.
20 cc to 100 cc segment is preferred, and is expected to account for a share of 5.0% in 2024.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Engine Displacement 5.1. 20 cc to 100 cc 5.2. 101 cc to 400 cc 5.3. 401 cc to 650 cc 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Equipment 6.1. Lawn Mower 6.2. Chainsaw 6.3. String Trimmer 6.4. Hedge Trimmer 6.5. Portable Generator 6.6. Rotary Tiller 6.7. Pressure Washer 6.8. Concrete Vibrators 6.9. Concrete Screed 6.10. Edger 6.11. Leaf Blower 6.12. Others 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 7.1. Industrial 7.2. Construction 7.3. Gardening 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Briggs and Stratton Corporation 18.2. Honda Motor Co. 18.3. Kohler Co. 18.4. Kawasaki Heavy Industries 18.5. Fuji Heavy Industries 18.6. Yamaha Motor Co. 18.7. Kubota Corporation 18.8. Liquid Combustion Technology LLC. 18.9. Champion Power Equipment 18.10. Fuzhou Launtop M&E Co. Ltd. 18.11. Maruyama Mfg. Co. Inc. 18.12. Lifan Power 19. Assumptions & Acronyms Used 20. Research Methodology
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Small Gas Engine Market
