The global Small Gas Engines Market is projected to reach USD 4.3 billion in 2028 from USD 3.3 billion in 2023 at a CAGR of 5.4% according to a new report by MarketsandMarkets™. The Small Gas Engines Market has promising growth potential due to the rising deployment of lawn mowers.
Gardening to held largest growth rate in Small Gas Engines Market, by end-user, during forecast period
The Small Gas Engines Market is segmented by end-user into gardening, construction, industrial and others. Others include residential and commercial segment. Construction is the second largest segment in end-user market. The increase in investment of construction activities will propel the market growth.
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101 cc–400 cc expected to dominate Small Gas Engines Market, by engine displacement, during the forecast period
The Small Gas Engines Market is segmented by engine displacement into 20 cc–100 cc, 101 cc–400 cc and 401 cc–650 cc. The 101 cc–400 cc accounted for the largest market share in 2022. the growth is attributed to the rising adoption of lawn mowers, pressure washers by commercial gardening and construction industries.
Snow Blowers to witness fastest growth rate in Small Gas Engines Market, by equipment, during forecast period
Snow Blowers is the fastest growing segment during the forecast period. The growth is attributed to the advancements in snow blowers as they are powerful and can move a lot of snow quickly, but they also tend to be louder than other types.
Asia Pacific expected to witness fastest growth rate in Small Gas Engines Market during forecast period
In this report, the Small Gas Engines Market has been analyzed for five regions: Europe, Asia Pacific, North America, South America and Middle East & Africa. Europe is a significant contributor to the Small Gas Engines Market in the current scenario of small gas engines, owing to stricter emission regulations by government, thus builders and operators are using gas-powered or dual-fuel-powered engines for their power equipments.
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Key Market Players:
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of a few of the top players in the Small Gas Engines Market.
The Small Gas Engines Market is dominated by a few major players that have a wide regional presence. The leading players in the Small Gas Engines Market are Briggs & Stratton (US), Honda Motor Co. (Japan), Yamaha Motor Corporation (Japan), Kohler Co. (US), Kawasaki Heavy Industries, Ltd. (Japan), MITSUBISHI HEAVY INDUSTRIES, LTD (Japan).