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2022
Small Gas Engine Market

Small Gas Engine Market

by Engine Displacement (20-100CC, 101-450CC, and 451-650CC), by Equipment (Lawnmower, Chainsaw, Portable Generator, Pressure Washer, Trimmer, Edger, and Others), by Application (Gardening, Industrial, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A01835
Pages: 318
Jan 2022 | 8646 Views
Author(s) : Prakhar J , Eswara P
Tables: 222
Charts: 71
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COVID-19

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Small Gas Engine Market Outlook - 2030

The global small gas engines market size was valued at $2.7 billion in 2020, and is projected to reach $4.0 billion by 2030, with global small gas engines market forecast expected at a CAGR of 4.2% from 2021 to 2030. Small gas engines are employed in various outdoor power equipment, such as chainsaws, rotary tillers, hedge trimmers, string trimmers, concrete vibrators, concrete screeds, lawnmowers, leaf blowers, snow blowers, portable generators, pressure washers, and edgers. The demand for lawnmowers, acts as one of the emerging factors that is expected to propel the growth of the market. The residential & commercial construction market accounts for a majority of lawn mower equipment sales. The gardening equipment segment has witnessed a significant growth, owing to growth in adoption in the residential & commercial construction industries. The outdoor power equipment in the landscaping services is majorly used for cutting, trimming, and maintaining lawns, and is anticipated to be in high demand at golf courses, sports fields, and public parks.

Emergence of COVID-19 had a negative impact on the growth of the global small gas engines market for a short period. The pandemic affected strength prices for products starting from crude oil to numerous refined petroleum products such as heating oil, jet gas, diesel gas, retail fuel, and gasoline on the pump. This created a negative impact on the improvement of the small gas engine market.

This report projects the trends and opportunities of the global small gas engine market. This research study includes a qualitative & quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview toward the market growth and predict the market behavior during the forecast period

Small-Gas-Engines-Market

The demand for small gas engine products is increasing as multiple car manufacturers are determined to meet stringent emissions norms, such as EURO 5, the ACEA agreement and EURO 6. However, this downsizing phenomenon is setting up new technical avenues, such as micro-hybridization and biofuels, which provide opportunities for the market growth. Moreover, emissions legislation is the major driver for engine downsizing and has, in turn, paved the way for the growth of technologies, such as engine boosting, gasoline direct injection (GDI), and homogeneous charge compression ignition (HCCI). Stringent emission standards that are enforced in many countries have prompted vehicle manufacturers to downsize engines, which is propelled the growth of the market in the automotive industry. However, surge in prices of small gas engines is expected to hamper the market growth to some extent.

Small Gas Engine Market
By Engine Displacemen

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101-450cc is projected to create abundant $ opportunity till 2030

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The global small gas engine market is segmented based on engine displacement, equipment, application, and geography. Based on engine displacement, it is classified into 20100cc, 101-450cc, and 451-650cc. 

Small Gas Engine Market
By Application

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Gardening is projected as the most lucrative segment.

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Based on equipment, it is divided into lawnmower, chainsaw, portable generator, pressure washer, trimmer, edger, and others. Based on application, it is categorized into gardening, industrial, construction, and others (transportation and installation). Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Small Gas Engine Market
By Equipment

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Lawnmover is projected as the most lucrative segment.

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Key market players in this sector involve Briggs & Straton Corporation., Kohler Co., Kawasaki Heavy Industries, Honda Motor Co, Fuji Heavy Industries, Yamaha Motor Corporation, Kubota Corporation, Liquid Combustion Technology, Kipor Power, and Champion Power Equipment.

Small Gas Engine Market
By Region

2030
North America 
Europe
Asia Pacific
LAMEA

North America holds a dominant position in 2020

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Key findings of the study

  • By region, the North America small gas engines market accounted for the largest small gas engines market share in 2020.
  • As per small gas engines market analysis, by engine displacement, the 101-450cc segment accounted for the largest share in 2020.
  • On the basis of application, the gardening segment accounted for the largest market share in 2020.
  • On the basis of equipment, lawnmover segment accounted for the largest market share in 2020.

Impact Of Covid-19 On The Global Small Gas Engines Market

  • Emergence of COVID-19 had a negative impact on the growth of the global small gas engines industry for a short period.
  • The pandemic affected strength prices for products starting from crude oil to numerous refined petroleum products such as heating oil, jet gas, diesel gas, retail fuel, and gasoline on the pump. This created a negative impact on the improvement of the small gas engine market.
  • Furthermore, industries along with creation and production have stopped operation, which has extensively impacted the small gas engine market globally. 
  • Most of the corporations within the gas engine supply chain have stopped operations to make certain the safety of personnel and several facilities throughout the globe is dependent on the gas engine for various purposes. In addition, the decline in the demand for power across the globe has a remarkable effect on the demand for new gas engines.
  • Thus, the abovementioned factors are expected to limit the global small gas engines market growth in current times.

Small Gas Engine Market Report Highlights

Aspects Details
By Engine Displacement
  • 20-100cc
  • 101-450cc
  • 451-650cc
By Application
  • Gardening
  • Industrial
  • Construction
  • Others
By Equipment
  • Lawnmower
  • Chainsaw
  • portable Generator
  • Pressure Washer
  • Trimmer
  • Edger
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key players in the global Small Gas Engine market are:
  • Briggs and Stratton Corporation
  • Champion Power Equipment
  • Kohler Co.
  • Liquid Combustion Technology
  • Kipor Power
  • Kawasaki Heavy Industries
  • Honda Motor Co., Ltd
  • Fuji Heavy Industries
  • Yamaha Motor Corporation
  • Kubota corporation
 

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The global small gas engine market is expected to witness increased demand during the forecast period due to rapidly growing interest among individuals toward gardening and horticulture. The rise in investment of the people toward gardening has surged the demand for gardening tools such as lawnmowers, edgers, trimmers, tillers, and others. The increase in consciousness among the people regarding garden area appearance and wellness boosts the development of the small gas engine market.

A gas engine is an internal combustion engine that runs on a gaseous fuel such as coal gas, biogas, landfill gas, or natural gas. The demand for outdoor power equipment is a major factor for rise in small gas engine power tools. The rise in the construction of residential and commercial buildings led the contractors and homeowners to rent outdoor power equipment due to lower costs and less cost of maintenance.

Small engines have a wide range of applications in outdoor power equipment like chainsaws, rotary tillers, trimmers, concrete vibrators, lawnmowers, leaf blowers, snow blowers, and portable generators. The surge in demand for lawnmowers due to the increase in the investment of public parks and personal gardens is one of the factors likely to drive the growth of the small gas engine market.

The environmental impact of the small gas engine and the government regulations toward these tools has led the manufacturer to invest and innovate power tools that are less harmful to the environment. The rapid innovation in alternatives such as electric-powered tools is one of the major factors hampering the growth of the small gas engine market.

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FREQUENTLY ASKED QUESTIONS?

A. Partnerships and acquisitions are the key growth strategies of Small Gas Engines Market players

A. Asia-Pacific will provide more business opportunities for Small Gas Engines in future

A. To get latest version of small gas engines market report can be obtained on demand from the website.

A. Lawnmover segment holds the maximum share of the Small Gas Engines Market

A. Lawnmower, Chainsaw, Portable Generator, Pressure Washer, Trimmer, Edger and others are the potential customers of Small Gas Engines industry

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. Rise in demand for outdoor power equipment with low-emission & fuel-efficient and advent of special gas engines and remote generation application in sectors are the key factors driving the growth of small gas engines market

A. Briggs and Stratton Corporation, Champion Power Equipment, Kohler Co., Liquid Combustion Technology, Kipor Power, Kawasaki Heavy Industries, Honda Motor Co., Ltd, Fuji Heavy Industries, Yamaha Motor Corporation, and Kubota Corporation

A. Gardening, industrial, construction, and others are expected to drive the adoption of Small Gas Engines

A. Increase in innovation of efficient gas engines is the current trend influencing the Small Gas Engines Market in the next few years

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