PUBLISHER: Lucintel | PRODUCT CODE: 1418650
PUBLISHER: Lucintel | PRODUCT CODE: 1418650
Small Gas Engine Trends and Forecast
The future of the small gas engine market looks promising with opportunities in the gardening, construction, and industrial markets. The small gas engine market is expected to reach an estimated $3.3 billion by 2030 with a CAGR of 4.0% from 2024 to 2030. The major drivers for this market are rising demand for outdoor power equipment, stringent emission regulations, along with technological advancements and increasing need for backup power generators.
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Small Gas Engine by Segment
The study includes a forecast for the global small gas engine by engine displacement, equipment, end use, and region.
List of Small Gas Engine Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies small gas engine companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the small gas engine companies profiled in this report include-
Small Gas Engine Market Insights
Lucintel forecasts that 101 cc-400 cc will remain the largest segment over the forecast period due to high demand and installation of engines used in lawnmowers and other equipment which needs high torque.
North America will remain the largest region over the forecast period due to rapid urbanisation and development, as well as, there are many people in the region who are investing in their outside spaces.
Features of the Small Gas Engine Market
Market Size Estimates: Small gas engine market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Small gas engine market size by engine displacement, equipment, end use, and region in terms of value ($B).
Regional Analysis: Small gas engine market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different engine displacement, equipment, end use, and regions for the small gas engine market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the small gas engine market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the small gas engine market size?
Answer: The global small gas engine market is expected to reach an estimated $3.3 billion by 2030.
Q2. What is the growth forecast for small gas engine market?
Answer: The global small gas engine market is expected to grow with a CAGR of 4.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the small gas engine market?
Answer: The major drivers for this market are rising demand for outdoor power equipment, stringent emission regulations, along with technological advancements and increasing need for backup power generators.
Q4. What are the major segments for small gas engine market?
Answer: The future of the small gas engine market looks promising with opportunities in the gardening, construction, and industrial markets.
Q5. Who are the key small gas engine market companies?
Answer: Some of the key small gas engine companies are as follows.
Q6. Which small gas engine market segment will be the largest in future?
Answer: Lucintel forecasts that 101 cc-400 cc will remain the largest segment over the forecast period due to high demand and installation of engines used in lawnmowers and other equipment which needs high torque.
Q7. In small gas engine market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to rapid urbanisation and development, as well as, there are many people in the region who are investing in their outside spaces.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.