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Global Small Gas Engines Market to Grow at a CAGR of 4.1% During 2022-2027, Aided by the Increase in Commercial and Residential Construction Projects

According to a new report by EMR titled, ‘Global Small Gas Engines Market Report and Forecast 2022-2027’, the global small gas engines industry attained a value of about USD 2.86 billion in 2021. The market is further expected to grow at a CAGR of 4.1% during the forecast period of 2022-2027 to reach nearly USD 3.64 billion by 2027.

The Asia Pacific region is likely to hold a significant share in the overall market growth of small gas engines in the coming years. This can be attributed to the flourishing construction industry in India and China, owing to robust investments in industrialisation and urbanisation. The surging demand for small gas engines as concrete mixers and outdoor power equipment is a leading factor adding to the market's growth. In addition, other indirect factors such as inflating disposable incomes, rising focus on residential construction and re-construction, and favourable governmental policies like Housing for All provide impetus to the market. Furthermore, the development of green buildings in the region and the rising focus on gardening is augmenting the demand for lawnmowers, thereby pushing the market's growth. In addition to this, areas receiving heavy snowfall are propelling the demand for snow blowers, which is another driver driving the development of the market in the region.

Kawasaki Heavy Industries, Ltd. (TYO: 7012), a leading industry player in the global market for small engines, is known for designing and building top of the line commercial and residential lawn mower engines. The FT engines by the company come equipped with patented Vortical air filtration, which aids in the removal of grass and debris. In addition, the engines are equipped with EFI technology and are quick to respond. Available in four different variants, such products developed by leading market players are pushing the market's growth.

Market Analysis by Equipment, Displacement, End-Use, and Region:

  • Based on equipment, the market can be divided into a lawnmower, chainsaw, string trimmer, hedge trimmer, portable generator, rotary tiller, pressure washer, concrete vibrators, concrete screed, edger, leaf blower, and snow blower, among others.
  • The market, based on displacement, can be segmented into 20 cc–100 cc, 101 cc–400 cc, and 401 cc–650 cc.
  • Based on end-use, the market can be categorised into residential, construction, industrial, and commercial, among others.
  • The major regional markets for the product include North America, Latin America, Europe, the Asia Pacific and the Middle East and Africa.

Key Findings of the Report:

  • The market for small gas engines is being driven by the rising applications in commercial and residential sectors in lawnmowers, leaf blowers, and snow blowers, among others.
  • Favourable characteristics like high flexibility, quick start-up features, and the ability to provide propulsion, drive wheels, and turn blades for different purposes augment the market growth.
  • The market growth can be attributed to the rise in residential and commercial constructions where small gas engine is used as outdoor power equipment like concrete mixers.
  • The development of eco-friendly engine technologies and rising awareness regarding biofuels is positively influencing the market's growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global small gas engines industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for equipment, displacements, end-uses, and major regions.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global small gas engines market are Briggs And Stratton Corporation, Kipor Power, Kohler Co., Kawasaki Heavy Industries, Ltd., and Fuzhou Launtop M&E Co., Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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