Small Gas Engines Market to Reach USD 4.69 billion by 2030: Technological Advancements to Offer New Growth Opportunities

Small Gas Engines Market Scope & Overview

The Small Gas Engines Market had a value of USD 3.1 billion in 2022 and is projected to reach USD 4.69 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030, as per SNS Insider.

Small gas engines are compact internal combustion engines that are designed to power various small machinery and equipment. They typically run on gasoline or a gas-oil mixture and are commonly used in a wide range of applications, such as lawnmowers, chainsaws, leaf blowers, generators, and portable pumps.

Key Players Covered in Small Gas Engines market report are: Briggs and Stratton Corporation, Honda Motor Co., Ltd, Yamaha Motor Corporation, Kipor Power, Champion Power Equipment, Kohler Co., Liquid Combustion Technology, Kawasaki Heavy Industries, Fuji Heavy Industries, Kubota Corporation, and other

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Market Analysis

The small gas engines market is witnessing continuous advancements in engine technology, focusing on improving efficiency, reducing emissions, and enhancing overall performance. Manufacturers are investing in research and development to introduce engines with lower emissions and better fuel efficiency, thereby addressing environmental concerns and meeting stringent regulatory standards. As these countries witness increased construction activities, infrastructure development, and rising disposable incomes, the demand for small gas engines is expected to surge.

Impact of Recession

The small gas engines market is vulnerable to the effects of a recession due to reduced consumer spending, decreased construction and maintenance activities, and the impact on the housing market and business sector. During economic downturns, manufacturers and distributors in the industry need to adapt their strategies to address the changing market conditions. This may involve exploring alternative markets, diversifying product offerings, and focusing on cost optimization measures. By navigating the challenges presented by recessions, companies in the market can position themselves for recovery and long-term success when the economy rebounds.

Segmentation Analysis

The vacuum segment and the hospitals and clinics segment are poised to dominate the small gas engines market due to their unique requirements and reliance on efficient and versatile power sources. Small gas engines provide the necessary power, mobility, and independence required for vacuuming operations and play a vital role in supporting hospitals and clinics with backup power generation and portable medical equipment. As these segments continue to grow and evolve, their dominance will likely contribute to the overall expansion and advancement of the small gas engines industry.

Small Gas Engines Market Segmentation as Follows:

By Engine Displacement:

·        20-100CC

·        101-450CC

·        451-650CC

By Equipment:

·        Lawnmower

·        Pressure Washer

·        Trimmer

·        Chainsaw

·        Tillers

·        Leaf Blowers

·        Portable Generator

·        Edger

·        Others

By Application:

·        Construction

·        Gardening

·        Industrial

·        Others

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Regional Status & Analysis

The Asia Pacific region has emerged as a dominant force in the small gas engines market, owing to its robust economic growth, expanding construction and infrastructure sector, growing gardening and landscaping industry, favorable government policies, and a focus on technological advancements and innovation. With sustained investments in infrastructure development, increasing urbanization, and rising demand for portable power equipment, the Asia Pacific region is poised to maintain its dominance and witness further growth in the market in the years to come.

Conclusion

The market shows promising prospects for the future. Factors such as the growing demand for outdoor power equipment, expansion of the construction industry, the need for portable energy sources, technological advancements, and emerging markets contribute to its positive outlook.

Frequently Asked Questions/ Key Reasons to Purchase this Report

What is the projected outlook for small gas engines market growth?

·        The market is projected to exceed USD 4.69 billion by the year 2030.

What are the major factors influencing the small gas engines market?

·        With the increasing infrastructure development activities globally, the construction industry is expected to grow steadily, creating a favorable market for small gas engines.

Who are the leading players in the small gas engines market?

·        Briggs and Stratton Corporation, Kipor Power, Champion Power Equipment, Honda Motor Co., Ltd, Yamaha Motor Corporation, Kohler Co., Liquid Combustion Technology, Kubota Corporation.

Table of Content

Chapter 1 Introduction

Chapter 2 Research Methodology

Chapter 3 Market Dynamics

Chapter 4. Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)

Chapter 5 Value Chain Analysis

Chapter 6 Porter’s 5 forces model

Chapter 7 PEST Analysis

Chapter 8 Small Gas Engines Market Segmentation, By Engine Displacement

Chapter 9 Small Gas Engines Market Segmentation, By Equipment

Chapter 10 Small Gas Engines Market Segmentation, By Application

Chapter 11 Regional Analysis

Chapter 12 Company profile

Chapter 13 Competitive Landscape

Chapter 14 Use Case and Best Practices

Chapter 15 Conclusion

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