Small Gas Engine Market

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

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.

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. 

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.

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.

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