Small Gas Engines Market Size Worth $4.23 Billion By 2032 | CAGR: 4.4%

The global small gas engines market size is expected to reach USD 4.23 billion by 2032, according to a new study by Polaris Market Research. The report “Small Gas Engines Market Share, Size, Trends, Industry Analysis Report, By Equipment (Lawnmower, Chainsaw, String Trimmer, Hedge Trimmer, Portable Generator, Snow Blowers); By Displacement; By End User; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Small gas engines are also used in construction equipment such as concrete mixers, pumps, and compactors. The growth in the construction industry, particularly in emerging markets, is driving demand for these types of equipment, which is in turn driving the growth of the market. In 2020, the construction market was worth 6.4 trillion dollars, and by 2030, it is anticipated to be worth 14.4 trillion. This will create a wide range of opportunities for the market.

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The sporting industry relies heavily on small gas engines to power various types of equipment, such as lawn mowers, generators, and other outdoor power tools. As the sporting industry continues to grow, the demand for these types of equipment also grows, which in turn drives the demand for small gas engines.

The sporting industry also requires a significant amount of maintenance and repair work on the equipment powered by small gas engines. This creates an additional market for small gas engine manufacturers, as replacement parts and repairs are necessary to keep the equipment running. According to the Forbes, between 2018 and 2023, the sporting industry expanded 6.7% yearly on average in the US, with a notable increase from 2020 to 2021. In fact, the U.S. sporting goods industry has grown more quickly than the national economy.

Small Gas Engines Market Report Highlights

• Snow Blowers segment is anticipated to grow at faster rate due to the increasing demand for outdoor power equipment.
• 101 cc - 400 cc segment is accounted for the larger market share owing to the increasing demand for recreational vehicles and powersports equipment.
• Gardening segment is projected to experience significant revenue share due to the growing popularity of home gardening and landscaping.
• APAC is expected to grow at a significant growth rate owing to the growing population and increasing demand for energy and power
• North America is projected to witness larger revenue share in the study period owing to demand for environmentally friendly and sustainable solutions & outdoor activities.
• The global players include CHONGQING RATO, Koki, Generac Power Systems, Lifan Power, Chongqing Winyou Power.

Polaris Market Research has segmented the small gas engines market report based on equipment, displacement, end user and region:

Small Gas Engines, Equipment Outlook (Revenue - USD Billion, 2019 - 2032)

• Lawnmowers
• Chainsaw
• String Trimmer
• Hedge Trimmer
• Portable Generator
• Tillers
• Concrete Vibrators
• Concrete Screeds
• Leaf Blowers
• Snow Blowers
• Pressure Washer
• Edgers

Small Gas Engines, Displacement Outlook (Revenue - USD Billion, 2019 - 2032)

• 20 cc - 100 cc
• 101 cc - 400 cc
• 401 cc - 650 cc

Small Gas Engines, End User Outlook (Revenue - USD Billion, 2019 - 2032)

• Gardening
• Construction
• Industrial

Small Gas Engines, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Small Gas Engines Market Report Scope