Small
Gas Engines Industry Analysis
The global small gas engines market is
predicted to have a significant growth at a notable CAGR over the forecast
period (2018-2022), states the latest Market Research Future (MRFR) report.
Small gas engines comprise of individual systems which work together for
producing power. Every system contains several components. Gasoline-powered
internal combustion engines need six systems- lubrication, cooling, combustion,
ignition, exhaust, and fuel. Small gas engines are in great demand as they serve
people in multiple ways. These help to power air compressors, generators,
pumps, chainsaws, snowblowers, hedgers, trimmers, cultivators, tillers, and
lawnmowers. Besides, small gas engines also power fun activities such as
ultralight aircraft, all-terrain vehicles, motorcycles, snowmobiles, outboard
boats, and other toys.
Various factors are propelling the Small
Gas Engines Industry growth. These factors, as stated by the MRFR
report, include growing demand for various outdoor power equipment rental, growing
construction industry, rapid industrialization and urbanization, technological
innovations, and product development. Moreover, the demand for small gas
engines is rising as automobile manufacturers require to cater to stringent
emission norms along with the burgeoning need for outdoor power equipment,
especially in landscaping services are also pushing market growth.
On the contrary, the high cost of small
gas engines and availability of in source engines and eco-friendly alternatives
are factors that may deter the small gas engines market growth over the
forecast period.
Small
Gas Engines Industry Segmentation
The Market Research Future report provides
a wide segmental analysis of the small gas engines market based on equipment,
application, and engine displacement.
Based on engine displacement, the small
gas engines market is segmented into 401-650cc, 101-400cc, and 20-100cc. Of
these, the 20-100cc segment will have the largest share in the market over the
forecast period.
Based on equipment, the small gas engines industry
is segmented into trimmer, pressure washer, screed, chainsaw, lawnmower, and
others. Of these, the lawnmower segment will dominate the market over the
forecast period. This is owing to the wide use of lawnmowers in commercial and
residential applications. The residential uses include the rising interest in
outdoor activities that demands lawn maintenance.
Based on application, the small gas
engines market is segmented into construction, industrial, gardening, and
others.
Regional
Analysis
Based on the region, the small gas engines
industry report covers growth opportunities and the latest trends across the
Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW).
Of these, North America will remain the
driving force in the market over the forecast period. This is on account of the
increasing number of golf courses in this region that is propelling the demand
for small gas engines. Besides, the developed countries in this region are
emphasizing on the construction of smart and green buildings and the
maintenance of such gardens need machinery such as lawnmowers that are driving
the market growth. Canada as well as the US are the key contributors in this
region owing to the wide use of gas-powered equipment and growth of the
construction industry. Moreover, the rising investments in leisure activities
and a high standard of living in the US are pushing market growth. The small
gas engines market in the US holds good opportunities for equipment providers
and engine manufacturers.
The small gas engines market in the APAC
region is predicted to grow at the highest CAGR over the forecast period. This
is owing to the increasing adoption of small gas engines in the commercial and
residential construction industries.
Key
Players
Leading players profiled in the small gas
engines market report include Kawasaki Heavy Industries Motorcycle & Engine
Company (US), Subaru ltd. (Japan), Generac Power Systems (US), Briggs &
Stratton Corporation (US), Kohler Co. (US), Honda Motor Co., Ltd. (Japan),
Yamaha Motor Corp. (Japan), and Kawasaki Heavy Industries (Japan), among
others.
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