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The Small Gas Engines Market size was valued at USD 3.26 Billion in 2023 and is projected to reach USD 5.19 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.3% over the forecast period of 2024 to 2032.
Small gas engines are commonly used in a variety of applications, including lawnmowers, generators, and other outdoor power equipment. These engines are typically powered by gasoline and are designed to be compact and lightweight, making them ideal for use in portable equipment. Small gas engines are typically defined as engines with a displacement of less than 100 cubic centimeters. Despite their small size, these engines are capable of producing significant power and are often used in commercial and industrial settings. One of the key advantages of small gas engines is their versatility. They can be used in a wide range of applications, from powering small lawnmowers to providing backup power for homes and businesses. Additionally, these engines are relatively easy to maintain and repair, making them a popular choice for DIY enthusiasts and professionals alike. However, it is important to note that small gas engines can also be quite noisy and emit harmful pollutants into the air. As such, it is important to use these engines in well-ventilated areas and to take appropriate safety precautions when operating them.
The market for small gas engines is a rapidly growing industry that has seen significant advancements in recent years. The demand for small gas engines has been driven by a number of factors, including the increasing popularity of outdoor power equipment, the growth of the landscaping industry, and the need for reliable backup power sources. As a result, the market for small gas engines is expected to continue to grow in the coming years.
Drivers
Increasing demand for outdoor power equipment, such as lawnmowers, generators, and chainsaws
Growing trend of DIY projects and home improvement activities
Restrain
Increasing popularity of electric-powered equipment
The growing popularity of electric-powered equipment is a significant constraint for the small gas engine market. This trend is due to the increasing demand for environmentally friendly and energy-efficient alternatives. As a result, consumers are opting for electric-powered equipment over gas-powered ones, which is causing a decline in the demand for small gas engines. This shift towards electric-powered equipment is not only driven by environmental concerns but also by the convenience and ease of use that electric-powered equipment offers. Electric-powered equipment is quieter, requires less maintenance, and is easier to operate than gas-powered equipment. Additionally, electric-powered equipment is more cost-effective in the long run, as it requires less fuel and has lower operating costs.
Opportunities
Increasing demand for portable power solutions in emerging economies.
As developing countries continue to grow and modernize, the need for reliable and efficient power sources becomes increasingly important. Small gas engines offer a versatile and cost-effective solution for powering a wide range of portable devices, from generators and pumps to lawnmowers and chainsaws. This trend is particularly evident in regions such as Asia and Africa, where access to reliable electricity is often limited. As a result, small gas engines are becoming an increasingly popular choice for powering everything from construction equipment to agricultural machinery.
Challenges
Increasing competition from alternative power sources, such as solar and wind energy
Presence of other electric-powered alternatives
The market has experienced a decline in demand due to the economic downturn caused by the pandemic. The small gas engine market is a vital component of the global economy, and its decline has had far-reaching consequences. The market has been hit hard by the pandemic, with many manufacturers experiencing a decline in sales. This has led to a decrease in production and a reduction in the workforce. The pandemic has also disrupted supply chains, making it difficult for manufacturers to obtain the necessary raw materials and components. This has led to delays in production and increased costs, further impacting the market.
The war has led to a decrease in the production of small gas engines in Ukraine, which was one of the major suppliers of these engines to the global market. This has resulted in a shortage of supply, leading to an increase in prices and a decrease in demand. Additionally, the conflict has disrupted the supply chain, making it difficult for manufacturers to source the necessary components for their engines. The impact of the war on the small gas engine market has been felt not only in Ukraine but also in other countries that rely on Ukrainian engines. This has led to a shift in the market, with manufacturers looking for alternative suppliers and consumers seeking alternative products.
Impact of Recession:
The ongoing recession affected the small gas engine market significantly. As consumers cut back on spending, they are less likely to purchase new equipment or replace old engines. This has led to a decrease in demand for small gas engines, which has in turn affected manufacturers and suppliers in the industry. However, there are some bright spots in this challenging market. As people spend more time at home, they are investing in their outdoor spaces and purchasing lawnmowers and other equipment to maintain their yards. Additionally, the demand for generators has increased as people prepare for power outages during natural disasters. To stay competitive in this market, manufacturers and suppliers must adapt to the changing needs of consumers. This may include offering more affordable options or developing new products that meet the demands of the current market.
By Engine Displacement
20-100CC
101-450CC
451-650CC
By Equipment
Lawnmower
Trimmer
Chainsaw
Tillers
Leaf Blowers
Edger
Others
By Application
Construction
Gardening
Industrial
Others
North America has emerged as the leading region in the small gas engines market. The region's dominance in this market is attributed to its robust manufacturing industry, favorable regulatory environment, and growing demand for outdoor power equipment. One of the key drivers of North America's success in the small gas engines market is its strong manufacturing industry. The region is home to some of the world's largest manufacturers of small gas engines, including Briggs & Stratton, Honda, and Kohler. These companies have invested heavily in research and development, allowing them to produce high-quality engines that are both efficient and reliable. In addition to its manufacturing prowess, North America also benefits from a favorable regulatory environment. The region has strict emissions standards for small gas engines, which has led to the development of cleaner and more efficient engines. This has not only helped to reduce pollution but has also given North American manufacturers a competitive advantage in the global market. Furthermore, North America's growing demand for outdoor power equipment has also contributed to its success in the small gas engines market. As more and more consumers look to maintain their lawns and gardens, the demand for small gas engines has increased. This has created a lucrative market for manufacturers, who have responded by developing new and innovative products to meet this demand.
The Asia Pacific region is anticipated to witness the most significant growth in the small gas engines market during the forecast period owing to the region's increasing population, and rising demand for power generation. Additionally, the region's favorable government policies and initiatives aimed at promoting the use of small gas engines are expected to drive market growth. Furthermore, the Asia Pacific region is home to several emerging economies, which are experiencing rapid industrialization and urbanization. This trend is expected to increase the demand for small gas engines in various applications, such as construction, agriculture, and landscaping.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major players 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 key players will be included in the final report.
In January 2023, Kawasaki Motors, Suzuki Motor Corporation, Honda Motor Co, and Yamaha Motor Co made a groundbreaking announcement. They have received approval from Japan's Ministry of Economy, Trade and Industry (METI) to establish a technological research association called HySE (Hydrogen Small Mobility & Engine Technology). The primary objective of this association is to develop hydrogen-powered engines for small mobility.
In the year 2022, Yamaha successfully developed a cutting-edge 5.0-liter V8 engine for automobiles. This engine is based on the one used by the Lexus RC F coupe but with significant modifications made to its cylinder heads and injectors, among other components. The result is a powerful and efficient engine that is sure to impress even the most discerning drivers.
| Report Attributes | Details |
| Market Size in 2023 | US$ 3.26 Bn |
| Market Size by 2032 | US$ 5.19 Bn |
| CAGR | CAGR of 5.3% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Engine Displacement (20-100CC, 101-450CC, and 451-650CC) • By Equipment (Lawnmower, Pressure Washer, Trimmer, Chainsaw, Tillers, Leaf Blowers, Portable Generator, Edger, and Others) • By Application (Construction, Gardening, Industrial, and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | 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 |
| Key Drivers | • Increasing demand for outdoor power equipment, such as lawnmowers, generators, and chainsaws • Growing trend of DIY projects and home improvement activities |
| Market Opportunities | • Increasing demand for portable power solutions in emerging economies |
Ans: The expected CAGR of the global Small Gas Engines Market during the forecast period is 5.3%.
Ans: The market size of the Small Gas Engines Market is USD 3.1 billion in 2022.
Ans: The major key players in the Small Gas Engines Market 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, and Kubota Corporation.
Ans: North America region dominated the Small Gas Engines Market.
Ans: Increasing demand for outdoor power equipment, such as lawnmowers, generators, and chainsaws, and the growing trend of DIY projects and home improvement activities are the driving factors of the Small Gas Engines Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Small Gas Engines Market Segmentation, By Engine Displacement
8.1 20-100CC
8.2 101-450CC
8.3 451-650CC
9. Small Gas Engines Market Segmentation, By Equipment
9.1 Lawnmower
9.2 Pressure Washer
9.3 Trimmer
9.4 Chainsaw
9.5 Tillers
9.6 Leaf Blowers
9.7 Portable Generator
9.8 Edger
9.9 Others
10. Small Gas Engines Market Segmentation, By Application
10.1 Construction
10.2 Gardening
10.3 Industrial
10.4 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Small Gas Engines Market by Country
11.2.2North America Small Gas Engines Market by Engine Displacement
11.2.3 North America Small Gas Engines Market by Equipment
11.2.4 North America Small Gas Engines Market by Application
11.2.5 USA
11.2.5.1 USA Small Gas Engines Market by Engine Displacement
11.2.5.2 USA Small Gas Engines Market by Equipment
11.2.5.3 USA Small Gas Engines Market by Application
11.2.6 Canada
11.2.6.1 Canada Small Gas Engines Market by Engine Displacement
11.2.6.2 Canada Small Gas Engines Market by Equipment
11.2.6.3 Canada Small Gas Engines Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Small Gas Engines Market by Engine Displacement
11.2.7.2 Mexico Small Gas Engines Market by Equipment
11.2.7.3 Mexico Small Gas Engines Market by Application
11.3 Europe
11.3.1 Europe Small Gas Engines Market by Country
11.3.2 Europe Small Gas Engines Market by Engine Displacement
11.3.3 Europe Small Gas Engines Market by Equipment
11.3.4Europe Small Gas Engines Market by Application
11.3.5Germany
11.3.5.1 Germany Small Gas Engines Market by Engine Displacement
11.3.5.2 Germany Small Gas Engines Market by Equipment
11.3.5.3 Germany Small Gas Engines Market by Application
11.3.6 UK
11.3.6.1 UK Small Gas Engines Market by Engine Displacement
11.3.6.2 UK Small Gas Engines Market by Equipment
11.3.6.3 UK Small Gas Engines Market by Application
11.3.7 France
11.3.7.1 France Small Gas Engines Market by Engine Displacement
11.3.7.2 France Small Gas Engines Market by Equipment
11.3.7.3 France Small Gas Engines Market by Application
11.3.8 Italy
11.3.8.1 Italy Small Gas Engines Market by Engine Displacement
11.3.8.2 Italy Small Gas Engines Market by Equipment
11.3.8.3 Italy Small Gas Engines Market by Application
11.3.9 Spain
11.3.9.1 Spain Small Gas Engines Market by Engine Displacement
11.3.9.2 Spain Small Gas Engines Market by Equipment
11.3.9.3 Spain Small Gas Engines Market by Application
11.3.10 The Netherlands
11.3.10.1 Netherlands Small Gas Engines Market by Engine Displacement
11.3.10.2 Netherlands Small Gas Engines Market by Equipment
11.3.10.3 Netherlands Small Gas Engines Market by Application
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Small Gas Engines Market by Engine Displacement
11.3.11.2 Rest of Europe Small Gas Engines Market by Equipment
11.3.11.3 Rest of Europe Small Gas Engines Market by Application
11.4 Asia-Pacific
11.4.1 Asia Pacific Small Gas Engines Market by Country
11.4.2Asia Pacific Small Gas Engines Market by Engine Displacement
11.4.3 Asia Pacific Small Gas Engines Market by Equipment
11.4.4 Asia Pacific Small Gas Engines Market by Application
11.4.5 Japan
11.4.5.1 Japan Small Gas Engines Market by Engine Displacement
11.4.5. 2Japan Small Gas Engines Market by Equipment
11.4.5. 3Japan Small Gas Engines Market by Application
11.4.6 South Korea
11.4.6.1 South Korea Small Gas Engines Market by Engine Displacement
11.4.6.2. South Korea Small Gas Engines Market by Equipment
11.4.6.3. South Korea Small Gas Engines Market by Application
11.4.7China
11.4.7.1 China Small Gas Engines Market by Engine Displacement
11.4.7.2. China Small Gas Engines Market by Equipment
11.4.7.3. China Small Gas Engines Market by Application
11.4.8 India
11.4.8.1 India Small Gas Engines Market by Engine Displacement
11.4.8.2. India Small Gas Engines Market by Equipment
11.4.8.3 India Small Gas Engines Market by Application
11.4.9Australia
11.4.8.1 Australia Small Gas Engines Market by Engine Displacement
11.4.8.2. Australia Small Gas Engines Market by Equipment
11.4.8.3. Australia Small Gas Engines Market by Application
11.4.10Rest of Asia-Pacific
11.4.10.1 APAC Small Gas Engines Market by Engine Displacement
11.4.10.2. APAC Small Gas Engines Market by Equipment
11.4.10.3. APAC Small Gas Engines Market by Application
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Small Gas Engines Market by Country
11.5.2 The Middle East & Africa Small Gas Engines Market by Engine Displacement
11.5.3The Middle East & Africa Small Gas Engines Market by Equipment
11.5.4The Middle East & Africa Small Gas Engines Market by Application
11.5.5Israel
11.5.5.1 Israel Small Gas Engines Market by Engine Displacement
11.5.5.2 Israel Small Gas Engines Market by Equipment
11.5.5.3 Israel Small Gas Engines Market by Application
11.5.6 UAE
11.5.6.1 UAE Small Gas Engines Market by Engine Displacement
11.5.6.2 Israel Small Gas Engines Market by Equipment
11.5.6.3 Israel Small Gas Engines Market by Application
11.5.7South Africa
11.5.7.1 South Africa Small Gas Engines Market by Engine Displacement
11.5.7.2 South Africa Small Gas Engines Market by Equipment
11.5.7.3 South Africa Small Gas Engines Market by Application
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia Small Gas Engines Market by Engine Displacement
11.5.8.2 Rest of Middle East & Asia Small Gas Engines Market by Equipment
11.5.8.3 Rest of Middle East & Asia Small Gas Engines Market by Application
11.6 Latin America
11.6.1 Latin America Small Gas Engines Market by Country
11.6.2. Latin America Small Gas Engines Market by Engine Displacement
11.6.3 Latin America Small Gas Engines Market by Equipment
11.6.4 Latin America Small Gas Engines Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Small Gas Engines Market by Engine Displacement
11.6.5.2 Brazil Small Gas Engines Market by Equipment
11.6.5.3Brazil Small Gas Engines Market by Application
11.6.6 Argentina
11.6.6.1 Argentina Small Gas Engines Market by Engine Displacement
11.6.6.2 Argentina Small Gas Engines Market by Equipment
11.6.6.3 Argentina Small Gas Engines Market by Application
11.6.7 Rest of Latin America
11.6.7.1 Rest of Latin America Small Gas Engines Market by Engine Displacement
11.6.7.2 Rest of Latin America Small Gas Engines Market by Equipment
11.6.7.3Rest of Latin America Small Gas Engines Market by Application
12. Company Profile
12.1 Briggs and Stratton Corporation
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Honda Motor Co., Ltd
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Yamaha Motor Corporation
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Kipor Power
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Champion Power Equipment
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Kohler Co.
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Liquid Combustion Technology
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Kawasaki Heavy Industries
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Fuji Heavy Industries
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Kubota Corporation
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Use Cases and Best Practices
15. Conclusion
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