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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:
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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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