Small Gas Engine
Market - Analysis
The
Small Gas Engine 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 market 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 Engine
Market Segmentation
The
Market Research Future report provides a wide segmental analysis of the Global
Small Gas Engine 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 engine market 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. Commercial uses include park or ground maintenance, golf
course maintenance, and maintenance of other forms of non-residential
facilities.
Based
on application, the small gas engine market is segmented into construction,
industrial, gardening, and others. Of these, the gardening segment will lead
the market over the forecast period. This is owing to the rising adoption in
residential as well as commercial construction industries. It is primarily used
to cut, trim, and maintain lawns, and predicted to have a growing demand at
public parks, sports fields, and golf courses.
Regional Analysis
Based
on the region, the small gas engine market 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 engine 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.
Related
Reports:
No comments:
Post a Comment