The SGE market is a dynamic and quickly developing area impacted by various variables that shape its direction and development. In this occurrence, the market elements relate to the variables and conditions that influence the organic market of small gas engines, which find application in an assortment of hardware including trimming tools, generators, and lawnmowers. The rising interest for outside power gear, explicitly lawnmowers, because of urbanization and the prerequisite for finishing administrations, impels the area. Interest for small gas engines in generators is supported by the raising recurrence of force disturbances and the need for reliable reinforcement power sources; this establishes a great market climate for generator producers and providers. The elements of the SGE market are prominently influenced by mechanical advancement. Item seriousness is upgraded through advancements in motor plan, proficiency, discharge control advancements, and astute highlights. By embracing these innovations, makers can accomplish an upper hand, subsequently invigorating business sector development and forming buyer tendencies. Natural guidelines and worries about maintainability are affecting the market for small gas engines; makers are putting resources into innovative work because of stricter discharge principles. Expanding customer interest for earth dependable items is likewise influencing market elements and buying choices. Sectoral contest for small gas engines is extraordinary, with significant firms competing for piece of the pie. This opposition impacts key choices like consolidations, acquisitions, and organizations, subsequently adding to the market elements overall and cultivating development. The market is dependent upon the impact of different variables, including provincial patterns, development exercises in developing business sectors, and worldwide monetary circumstances. Foundation advancement might be unfavourably impacted by monetary slumps. The market is significantly impacted by store network disturbances and changes in natural substance costs. These variables bring about significant expenses and creation delays, which thusly affect valuing procedures and the general elements of the market. Different elements, including innovative headways, natural guidelines, financial circumstances, and rivalry, influence the market. To stay serious and fulfil customer requests, market members should actually explore these impacts.
Report Attribute/Metric | Details |
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Segment Outlook | Engine Displacement, Equipment, End Use, and Region. |
Small Gas Engines Market Size was valued at USD 2.83 Billion in 2023. The Small Gas Engines market industry is projected to grow from USD 2.97 Billion in 2024 to USD 4.12 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.19% during the forecast period (2024 - 2032). Outdoor power equipment is in high demand owing to the expansion of building activities, and due to its low maintenance requirements and affordable price point, compact petrol engines are projected to dominate this market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for small gas engines is being driven by increasing demand for lawnmowers is one of the new variables that is anticipated to fuel the market's expansion. The market for residential and commercial construction drives the majority of sales of lawn mower equipment. The outdoor power equipment used in landscaping services is mostly used to cut, trim, and maintain lawns, and it is projected that golf courses, sports fields, and public parks will all have a significant need for it. As more automakers strive to adhere to strict emissions requirements like EURO 5, the ACEA accord, and EURO 6, the demand for compact petrol engine products is rising. This phenomena of shrinking is opening up new technological paths, such micro-hybridization and biofuels anticipated to propel the market growth during the forecast period.
Additionally, the primary force behind engine downsizing is pollution regulation, which has opened the door for the development of technologies like engine boosting, petrol direct injection (GDI), and homogeneous charge compression ignition (HCCI). Vehicle manufacturers have been obliged to downsize engines as a result of the strict pollution regulations that are implemented in many nations, which has fueled the expansion of the automotive sector.
Moreover, low maintenance requirements and low purchase prices, compact petrol engines are expected to dominate the outdoor power equipment industry as building activity grows. Due to emission regulations, big manufacturers are putting money into cutting-edge technical areas like micro-hybridization engines, biofuels engines, etc., which are predicted to lead to market expansion.
For instance, in May 2021, according to Construction 2030 research projects that by 2030, the value of construction output would increase by 85% to $15.5 trillion. China, India, and the United States are the primary contributors to this expansion. The small gas engine market is anticipated to grow as a result of this expansion in the construction sector. The market for compact petrol engines is being driven by the expansion of the construction sector. For a variety of building construction jobs, landscaping services, or to manage their lawns and gardens, many contractors and homeowners are purchasing outdoor powdered equipment. The market for small petrol engines is being influenced directly by the demand for outdoor-powered equipment used in the construction industry. Thus, driving the Small Gas Engines market revenue.
The Small Gas Engines market segmentation, based on engine displacement, includes 20 cc to 100 cc, 101 cc to 400 cc, and 401 cc to 650 cc. The 101 cc to 400 cc category dominate the market during the forecast period (1.4 billion) as this engine is mostly utilized in lawnmowers and other equipment that requires strong torque, there is a large demand for and installation of such engines in the market. Over the anticipated time, the aforementioned elements will propel this segment's expansion. The demand for lower torque applications is expected to drive significant growth in the 20-100 CC sector. These engines are used by machines with minimal torque requirements, such as leaf blowers, trimmers, and others. The production of such devices is likewise rapidly expanding. The 20-100 CC category grows as a result over the course of the predicted period.
Figure 1: Small Gas Engines Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Small Gas Engines market segmentation, based on equipment, includes lawn mower, chainsaw, string trimmer, hedge trimmer, portable generator, rotary tiller, pressure washer, concrete vibrators, concrete screed, edger, leaf blower, snow blower, and others. The lawn mower category is anticipated to hold the highest market share in the coming years (9.2 billion). Lawn mowers are greatly needed by commercial enterprises. Manage parks, lawns, fields, patches, and garden areas primarily with the use of such tools. It is anticipated that the market for leaf blowers would grow significantly in the future years.
The Small Gas Engines market segmentation, based on end use, includes industrial, construction, and gardening. The gardening segment dominated the market share during the forecast period due to the gardening industry is expanding significantly, and numerous tools including trimmers, lawnmowers, and leaf blowers are being installed. Outdoor power equipment is becoming more and more necessary for landscaping services. Due to this, the gardening market is expanding.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Small Gas Engines market is anticipated to dominate the market. The industrial and construction sectors are expanding faster. In these industries in North America, renting out equipment is becoming more popular. The landscape services industry in this area has a significant need for outdoor equipment.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Small Gas Engines Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Asia-Pacific Small Gas Engines market accounts for the second-largest market share due to the demand for equipment with superior technology are rapidly rising. This region is rapidly industrialising, and both the business and residential sectors are driving the market growth. Due to the increasing demand for various industrial & gardening equipments, production of various components, such as small petrol engines, is rapidly expanding in this region. Renting equipment is becoming more popular in the construction industry, which boosts demand for various instruments including concrete vibrators, portable generators, and other items.
Further, the Chinese Small Gas Engines market held the largest market share, and the India Small Gas Engines market was the fastest growing market in the European region
The Europe Small Gas Engines Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the expanding demand from the agricultural, building, and industrial sectors. Significant increase in demand for numerous pieces of equipment, including lawnmowers, portable generators, and snowblowers estimated to propel the market growth.
Moreover, German Small Gas Engines market held the largest market share, and the UK Small Gas Engines market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Small Gas Engines market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Small Gas Engines industry must offer cost-effective items.
The government and private businesses are making significant investments in R&D for technological advancements in the Small Gas Engines industry to benefit clients and increase the market sector. In recent years, the Small Gas Engines industry has advantages such as gas-fired facilities are less expensive and emit fewer carbon emissions than coal-fired power stations. Major players in the Small Gas Engines market, including 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, and others are attempting to increase market demand by investing in research and development operations.
Briggs & Stratton headquarters is in Milwaukee, Wisconsin, offers cutting-edge goods and a range of power solutions to aid in people's productivity. Briggs & Stratton is the leading designer, manufacturer, and marketer of lithium-ion batteries, standby generators, energy storage systems, lawn and garden, turf care, and job site products under the Vanguard®, Ferris®, Simplicity®, Snapper®, Billy Goat®, Allmand®, SimpliPhi®, Branco®, and Victa® brands. It is also the largest manufacturer of engines for outdoor power equipment in the world. Products from Briggs & Stratton are created, produced, sold, and serviced in more than 100 nations across six continents. In July 2023, industry-leading SimpliPhi Power is fully integrated by Briggs & Stratton Energy Solutions. Manufacturer of energy storage systems established in California was purchased by Briggs & Stratton.
Kawasaki Heavy Industries is in charge of organising the creation of a "technology corporate group" with the assistance of roughly 100 group firms in Japan and abroad. Our technological prowess, honed over more than a century, propels a wide range of products into different domains that go beyond land, sea, and air, extending from the depths of the ocean to space. The company sells petrol engines such General Purpose Engines, which come in 2 and 4 stroke self-cooled and vertical twin cylinder configurations. Major producers of commercial turfcare equipment throughout the world rely on Kawasaki's 4 Stroke Vertical V-Twin Cylinder engines because they deliver remarkable longevity and power. up to the highest specification FX, starting with the FR, FS, and FT Series.
October 2021:The Vanguard 400 single-cylinder engine from Briggs & Stratton goes on sale in with the option to run it on propane. The Environmental Protection Agency has confirmed that this engine complies with the Clean Air Act's emission criteria. In its size class, this engine is the first and only one.
January 2019:Yanmar announced plans to create a gas-powered engine that would need LPG to meet EU stage 5 pollution standards. This indicates that it can satisfy a variety of client needs.
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