Global Small Gas Engine Market Outlook to 2030 – Featuring Kohler, Honda Motor and Kubota, Among Others – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Small Gas Engine Market by Engine Displacement, By Equipment, and By Application: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to from ResearchAndMarkets.com offer.

The global small gas engine market size was valued at USD 2.7 Billion in 2020 and is projected to reach USD 4.0 billion by 2030, with the global small gas engine market forecast to reach a CAGR of 4.2% from 2021 to 2030.

Small gasoline engines are small displacement, low horsepower internal combustion engines that are primarily used to power lawn mowers, generators, cement mixers, and other power tools that require an independent power source. Factors driving the growth of the small gasoline engine market include developments in the construction industry and increasing demand for rental of outdoor power equipment.

The need for portable power generation equipment during outdoor camps is another factor driving the growth of the small gasoline engine market as gasoline is readily available at gas stations. The increase in the awareness of individuals towards the environment and the benefits of gardening on the surrounding environment leads to an increase in the demand for gardening tools. The increase in construction activities in developing and developed countries has driven the demand for power tools related to the construction industry. Rising demand for power tools in the construction industry is expected to drive the demand for small gasoline engines in the coming years.

The rise of industrialization and modernization across the world has had a positive impact on the construction industry. The development of the construction sector has led to the development of a variety of residential and commercial buildings. The increase in environmental awareness among individuals and personal interest towards gardening has boosted people’s spending power towards gardening, which is expected to drive the development of the small gasoline engine market.

The surge in investment from government and private companies to develop infrastructure in developing countries has fueled the development of the market over the forecast period. The major factor hindering the development of the small gasoline engine includes the restrictions of government policies towards the environment due to pollution and the rapid innovation of alternative power tools powered by electricity. Rapidly increasing investment by government and environmental organizations in public parks and other plantation-related areas is expected to provide lucrative opportunities for the growth of the global small gasoline engine market.

Market dynamics

Drivers

  • Increase in demand for low-emission and fuel-efficient outdoor power equipment

  • Advent of special gas engines and application of telegeneration in the sectors

Detention

  • Uncertainties in international fossil fuel prices and the environmental impact of the small gas engine

Opportunity

  • Increased Innovation of Efficient Gas Engines

Key market segments

By displacement

  • 20-100cc

  • 101-450cc

  • 451-650c

By request

  • Gardening

  • Industrial

  • Construction

  • Other

By equipment

  • Lawn mower

  • Chain saw

  • portable generator

  • Pressure washer

  • Mower

  • border

  • Other

By region

  • North America

  • WE

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • Italy

  • Spain

  • UK

  • The 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

  • Briggs and Stratton Company

  • Electrical Equipment Champion

  • Kohler Co.

  • Liquid Combustion Technology

  • Power of Kipor

  • Kawasaki Heavy Industries

  • Honda Motor Co., Ltd.

  • Fuji Heavy Industries

  • Yamaha Motor Corporation

  • Kubota Company

For more information on this report, visit https://www.researchandmarkets.com/r/uxhag1


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