Apr 25, 2022   SOURCE: BusinessWire

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

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 ResearchAndMarkets.com's offering.

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

Small gas engines are small-displacement, low-powered internal combustion engines that are used primarily to power lawnmowers, generators, concrete mixers, and other power tools which require an independent power source. The factors driving the growth of the small gas engine market include developments in construction industry and surge in demand for outdoor power equipment rental.

The need for portable power generation equipment during outdoor camps is another factor boosting the growth of the small gas engine market as gasoline is readily available in gas stations. Increase in consciousness among the individuals toward the environment and advantages of gardening on the surrounding environment lead to surge in demand for gardening tools. Rise in construction activities in developing and developed countries has stimulated the demand for power tools related to the construction sector. Surge in demand for power tools in the construction sector is anticipated to boost the demand for small gas engines in the coming years.

Surge in industrialization and modernization across the globe has created a positive impact on the construction sector. The development of the construction sector has led to the development of a variety of residential and commercial buildings. Increase in environmental consciousness among the individuals and personal interest toward gardening has stimulated the spending power of the people toward gardening which is anticipated to drive the development of the small gas engine market.

Surge in the investment of the government and private firms to develop infrastructure of the developing countries has fueled the development of the market during the forecast period. The major factor that hampers the development of the small gas engine includes restrictions of the government policies toward the environment due to pollution and rapid innovation of alternative power tools that are powered by electricity. Rapid surge in the investment of the government and environmental organization in the public parks and other areas related to planting is expected to provide lucrative opportunities for the growth of the global small gas engine market.

Market Dynamics

Drivers

  • Rise in demand for outdoor power equipment with low-emission and fuel-efficient
  • Advent of special gas engines and remote generation application in sectors

Restraint

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

Opportunity

  • Increase in innovation of efficient gas engines

Key Market Segments

By Engine Displacement

  • 20-100cc
  • 101-450cc
  • 451-650c

By Application

  • Gardening
  • Industrial
  • Construction
  • Other

By Equipment

  • Lawnmower
  • Chainsaw
  • portable Generator
  • Pressure Washer
  • Trimmer
  • Edger
  • Other

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • 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 Corporation
  • Champion Power Equipment
  • Kohler Co.
  • Liquid Combustion Technology
  • Kipor Power
  • Kawasaki Heavy Industries
  • Honda Motor Co., Ltd
  • Fuji Heavy Industries
  • Yamaha Motor Corporation
  • Kubota Corporation

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