The Small gas engines market is expected
to grow over the CAGR of around 4% during the period 2016 to 2022. The growth
of the small gas engines market is majorly driven by the availability of
oil-indexed gas and liquefied natural gas, which facilitates the easy
functioning of small engines. The introductions of some nuclear power
capacities, which are capable of being used in the small gas engines, also
drive the growth of the market. The increasing demand for electricity with the
growing population, drop in natural gas prices, and the increasing environmental
concerns are major factors driving the gas engines market. The ability of small
gas engines to generate and utilize power from the renewable sources of energy
such as biogas is also driving the growth of the market.
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Industry
Highlights
One of the key drivers for the growth of
the small gas engines market is growth in the construction industry and
increase in demand for outdoor power equipment rental. The use of small gas engines in various power
equipment such as concrete screeds, lawnmowers, leaf blowers, portable
generators, pressure washers and others is also driving the growth of the
market. The use of lawnmowers for gardening purposes even by the households is
leading to the increase in demand of lawnmowers and thereby, the growth of the
small gas engines market. The increased adoption of landscaping in various
regions is also driving the growth of the global small gas engines market.
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Industry
Segmentation
The report has been analyzed based on the
Engine displacement, equipment, Application and region.
Amongst all applications, the construction
segment is expected to grow rapidly. The booming residential and commercial
construction industry is driving the growth of the construction segment. With
the increasing urbanization and the increase in number of smart cities, the
housing activity is expected to grow rapidly, which is boosting the demand for
outdoor power equipment and is driving the demand for small gas engines. The increase in demand for landscaping
services at commercial establishments, such as golf courses is also expected to
contribute significantly to the growth of the small gas engine market.
Geographic
Analysis
This study provides an overview of the
Global small gas engines market, tracking three market segments across four
geographic regions. The report studies key players, providing a five-year
annual trend analysis that highlights market size, volume and share for North
America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report
also provides a forecast, focusing on the market opportunities for the next
five years for each region. The scope of the study segments the Global Small
gas engines market by its engine displacement, equipment, application and
region.
Key
Players
The key players of Global Small gas
engines market are Kawasaki Heavy Industries (Japan), Yamaha Motor Corp.
(Japan), Honda Motor Co., Ltd. (Japan), Kohler Co. (U.S.), Briggs &
Stratton Corporation (U.S.), Generac Power Systems (U.S.), Subaru ltd. (Japan),
Kawasaki Heavy Industries Motorcycle & Engine Company (U.S.) and others.
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