The global small gas engine market is anticipated to reach a valuation of USD 3.0 Billion in 2024, driven by integration with renewable energy systems. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.2% between 2024 and 2034, and reaching a total valuation of approximately USD 5.0 Billion by 2034.
Beyond portable generators, there is a growing demand for backup power solutions in residential, commercial, and industrial settings, which includes standby generators powered by small gas engines, which provide continuous power during outages and are crucial for businesses and critical infrastructure.
While small gas engines remain prevalent, there is a growing emphasis on clean energy transitions worldwide, which includes initiatives to phase out traditional gasoline powered engines in favor of electric and alternative fuel options. Manufacturers can explore opportunities in hybrid engine designs and alternative fuel adaptations to align with sustainability goals.
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Consumers increasingly seek customization and personalization options in outdoor power equipment and recreational vehicles. Small gas engine manufacturers can capitalize on this trend by offering customizable features, colors, and accessories to cater to individual preferences and niche markets.
Innovations in materials science and manufacturing techniques enable the production of lightweight, durable, and high performance components for small gas engines. Advanced materials such as carbon fiber, titanium alloys, and ceramic composites enhance efficiency, reliability, and longevity, driving market competitiveness.
Key Takeaways from the Market Study:
- Global small gas engine market was valued at USD 8 Billion in 2023.
- From 2019 to 2023, the market demand expanded at a CAGR of 9%.
- The market in Japan is expected to expand at a CAGR of 9% through 2034.
- By engine displacement, the 20 cc to 100 cc segment to account for a CAGR of 0% through 2034.
- The market in Korea is expected to expand at a CAGR of 2% through 2034.
- In terms of equipment, the lawn mower segment to account for a CAGR of 7% through 2034.
“Manufacturers are investing in ergonomic designs, user friendly interfaces, and intuitive controls for small gas powered equipment, as user experience becomes a crucial differentiator in the market. Enhancing comfort, safety, and ease of use can lead to higher customer satisfaction and loyalty,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Competitive Landscape:
Prominent players in the small gas engine market are –
- 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
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Company Portfolio:
- Kohler Co. is a leading manufacturer of small gas engines used in residential, commercial, and industrial applications. The small gas engines of the company power a variety of equipment, including lawn tractors, zero turn mowers, construction machinery, and standby generators.
- Kawasaki Heavy Industries, Ltd. is a leading manufacturer of small gas engines used in motorcycles, ATVs, and outdoor power equipment. The engines of the company power a variety of outdoor power equipment, including lawn mowers, trimmers, brush cutters, and hedge trimmers. Kawasaki offers a range of engine sizes and configurations to suit different applications and user preferences, from residential to commercial use.Top of Form
Small Gas Engine Market Segmentation Analysis:
By Engine Displacement:
- 20 cc to 100 cc
- 101 cc to 400 cc
- 401 cc to 650 cc
By Equipment:
- Lawn Mower
- Chainsaw
- String Trimmer
- Hedge Trimmer
- Portable Generator
- Rotary Tiller
- Pressure Washer
- Concrete Vibrators
- Concrete Screed
- Edger
- Leaf Blower
- Others
By End Use:
- Industrial
- Construction
- Gardening
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI):
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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