How Does The Small Gas Engine Market Size Projected to Grow From 2024 to 2029?
The small gas engine market size has demonstrated steady growth in recent years, climbing from $2.96 billion in 2024 to an expected $3.09 billion in 2025, representing a compound annual growth rate (CAGR) of 4.5%. This historic period growth can be attributed to an uptick in outdoor power equipment demand, increasing activity in the construction industry, growing needs for residential lawn maintenance, and wide-ranging agricultural applications.
Moving forward, the small gas engine market size is projected to continue its steady expansion, reaching $3.72 billion in 2029 at a CAGR of 4.8%. The drivers of this forecasted period growth include increasing demand for portable generators, a growing focus on green and sustainable solutions, expansion of the construction sector, and intensifying adoption in emerging markets. Compelling trends in the forecast period encompass a shift towards electric alternatives, integration of smart technology, a focus on lightweight and compact designs, eco-friendly solutions, innovations in fuel technology, and a diversification of applications.
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What Are The Key Growth Drivers of The Small Gas Engine Market?
The rise in the construction industry is one of the primary catalysts driving the small gas engine market. Builders and homeowners are increasingly investing in outdoor powdered equipment for diverse building construction services and landscaping, or to maintain lawns or gardens for their projects or homes. This demand directly influences the small gas engine market. According to the Global Construction 2030 report, the volume of construction output is expected to grow by 85% to $15.5 trillion by 2030, with China, India, and the USA being the major contributors. This upward trend in the construction industry is anticipated to propel the small gas engine market forward.
Which Segments Are Dominating the Small Gas Engine Market?
1) By Engine Displacement: 20 cc To 100 cc, 101 cc To 400 cc, 401 cc To 650 cc
2) By End-Use: Gardening, Industrial, Construction
3) By Equipment: Lawnmower, Chainsaw, String Trimmer, Hedge Trimmer, Portable Generator, Rotary Tiller, Pressure Washer, Concrete Vibrators, Concrete Screed, Edger, Leaf Blower, Snow Blower.
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Who Are The Major Players In The Small Gas Engine Market?
Companies such as Briggs and Stratton Corporation, Kohler Co., Honda Motor Co. Ltd, Yamaha Motor Corp., Kawasaki Heavy Industries, Kubota Corporation, and others have established a significant presence in the small gas engine market.
What Are The Emerging Trends In The Small Gas Engine Market?
Several innovative solutions, such as the New-Tech Small Turbine Engine Program, aimed at developing and enhancing small turbine engines, are being explored by companies as a means to increase their market profitability. For instance, Rolls-Royce, a UK-based engineering company known for its aerospace, defense, marine, and energy-related products and services, launched the New-Tech Small Turbine Engine Program in June 2023.
Which Region Is The Largest and The Fastest Growing In The Small Gas Engine Market?
North America was the largest region in the small gas engine market in 2024, while the regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Small Gas Engine Market Report 2025 Offer?
Small gas engines are small, low-power internal combustion gasoline-powered engines often running on gases such as coal gas, producer gas, biogas, landfill gas, or natural gas. The Small Gas Engine Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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