Reports > Automotive And Mobility > Small Gas Engines
Small Gas Engines Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Small Gas Engines market, covering current trends, market size, segmentation, and growth forecasts for 2023 to 2033, along with insights into regional markets and key players.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $8.50 Billion |
| CAGR (2023-2033) | 4.8% |
| 2033 Market Size | $13.71 Billion |
| Top Companies | Briggs & Stratton, Honda Power Equipment, Kohler Co., Yamaha Motor Corporation, Tecomec |
| Last Modified Date | 15 Nov 2024 |
Small Gas Engines (2023 - 2033)
Small Gas Engines Market Overview
What is the Market Size & CAGR of Small Gas Engines market in 2023?
Small Gas Engines Industry Analysis
Small Gas Engines Market Segmentation and Scope
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Small Gas Engines Market Analysis Report by Region
Europe Small Gas Engines:
In Europe, the market is set to grow from $2.56 billion in 2023 to $4.12 billion by 2033, fueled by stringent emissions regulations pushing for cleaner small engine technologies. The UK's and Germany’s markets, primarily in outdoor power equipment and light construction, are noteworthy.Asia Pacific Small Gas Engines:
Asia Pacific's Small Gas Engines market is expected to grow from $1.61 billion in 2023 to $2.59 billion by 2033. Increased agricultural activities and rising demand for landscaping services drive this growth. Countries like China and India are significant contributors to this expanding market.North America Small Gas Engines:
North America holds a substantial market share, expected to grow from $3.25 billion in 2023 to $5.24 billion by 2033. The USA and Canada are key markets, benefiting from high disposable incomes and robust construction and landscaping industries.South America Small Gas Engines:
The South American market is projected to grow from $0.71 billion in 2023 to $1.15 billion in 2033. The rising demand for small gas engines in agriculture and construction activities is priming this regional growth, particularly in Brazil and Argentina.Middle East & Africa Small Gas Engines:
The Middle East and Africa's market is anticipated to grow from $0.38 billion in 2023 to $0.61 billion by 2033, with growth driven by increasing investments in infrastructure and agriculture. The UAE and South Africa are leading in terms of market penetration.Request a custom research report for industry.
Small Gas Engines Market Analysis By Engine Type
Global Small Gas Engines Market, By Engine Type Market Analysis (2023 - 2033)
In the segment of engine types, Two-Stroke Engines dominate with a market size of $7.27 billion in 2023, representing approximately 85.55% market share. In contrast, Four-Stroke Engines, while fewer in number, account for a growing segment with $1.23 billion and 14.45% share, driven by regulatory trends favoring cleaner engine technologies.
Small Gas Engines Market Analysis By Fuel Type
Global Small Gas Engines Market, By Fuel Type Market Analysis (2023 - 2033)
Gasoline Engines hold a significant market share of 62.16% with a size of $5.28 billion in 2023, while Propane Engines are also notable, representing 27.09% with $2.30 billion. Diesel Engines, while smaller with $0.91 billion (10.75%), are increasingly being favored in industrial applications.
Small Gas Engines Market Analysis By Application
Global Small Gas Engines Market, By Application Market Analysis (2023 - 2033)
The application segment is largely dominated by Lawn Care Equipment, which commands a 52.68% market share at $4.48 billion. Construction Equipment follows at 22.72% with $1.93 billion, driven by expanding construction activities, while Agricultural Equipment grabs 14.02% at $1.19 billion.
Small Gas Engines Market Analysis By Distribution Channel
Global Small Gas Engines Market, By Distribution Channel Market Analysis (2023 - 2033)
Online Sales dominate this segment with a market size of $7.27 billion (85.55% market share), reflecting consumer preferences for convenience. Offline Sales are notably smaller with a $1.23 billion valuation (14.45%), but still play a vital role, particularly in rural markets.
Small Gas Engines Market Analysis By End User
Global Small Gas Engines Market, By End-User Market Analysis (2023 - 2033)
Commercial Users lead with a market size of $5.28 billion (62.16% market share) in 2023, reflecting high demand in landscaping and construction. Residential Users follow with $2.30 billion (27.09%) as homeowners increasingly invest in power equipment for outdoor applications, while Industrial Users account for $0.91 billion (10.75%).
Small Gas Engines Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Small Gas Engines Industry
Briggs & Stratton:
A leading manufacturer of small engines and outdoor power equipment, known for its innovation in engine design and efficiency.Honda Power Equipment:
A major player in the small gas engines market, recognized for its robust and reliable engine technologies utilized across various applications.Kohler Co.:
Esteemed for its commitment to sustainability and producing high-performance small diesel engines and generators.Yamaha Motor Corporation:
A prominent company known for its versatile range of small engines adapted for recreational and gardening equipment.Tecomec:
Specializing in high-quality products for professional cutting and gardening equipment, Tecomec is an industry leader.We're grateful to work with incredible clients.
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FAQs
What is the market size of small-gas-engines?
The small gas engines market is valued at $8.5 billion in 2023 with a projected CAGR of 4.8% from 2023 to 2033, indicating growth in demand across various applications globally.
What are the key segments of small-gas-engines?
Key segments include commercial users, residential users, industrial users, and various engine types such as gasoline, propane, and diesel, contributing significantly to market value across 2023 to 2033.
What are the key trends in small-gas-engines?
Emerging trends involve increased adoption of environmentally-friendly engines, enhanced efficiency, and the expansion of online sales channels, driving market growth and consumer preferences.
What is the market size of small-gas-engines in North America?
In North America, the small gas engines market is expected to grow from $3.25 billion in 2023 to $5.24 billion by 2033, reflecting a strong regional demand.
What is the market size of small-gas-engines in Europe?
The market in Europe is projected to increase from $2.56 billion in 2023 to $4.12 billion by 2033, indicating significant growth opportunities in this region.
What is the market size of small-gas-engines in Asia Pacific?
Asia Pacific market size is anticipated to rise from $1.61 billion in 2023 to $2.59 billion by 2033, highlighting the region's growing industrial and agricultural applications.
What is the market size of small-gas-engines in Latin America?
In Latin America, the small gas engines market is projected to expand from $0.71 billion in 2023 to $1.15 billion by 2033, showcasing an emerging demand.
What is the market size of small-gas-engines in the Middle East and Africa?
The market in the Middle East and Africa is expected to grow from $0.38 billion in 2023 to $0.61 billion by 2033, driven by regional industrial growth.
What are the market shares of different user segments?
Commercial users dominate the market with a 62.16% share in 2023, followed by residential (27.09%) and industrial users (10.75%), reflecting varied needs across sectors.
How do online sales compare to offline sales in the market?
Online sales comprise 85.55% of the market share in 2023, while offline sales account for 14.45%, indicating a strong shift towards digital purchasing options.