The report ‘Global Small Gas Engines Market Research Report – Forecast to 2022’ published by market research company, Market Research Future, states that the market for small engines will continue to grow at a stable pace with an excellent CAGR percentage. Due to the increase in the level of buying of small machines, the market is looking forward to a phase of positive growth.
Small gas engines have numerous applications ranging from to machines used in the landscaping sector to ATVs, go-karts etc. Due to this the market is seeing a strong demand surge. The market for small engines has grown very well since the start of industrialization. As technology progressed the engines got better with the power and features of such engines undergoing an enormous upgrade.
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The market for small engines is uniquely subjected to changes in the factors of the housing market and weather conditions. The boom in the housing market leads to increase in lawn and maintenance products which use small engines and therefore drives demand whereas in the case of weather, optimal weather conditions help along in maintaining the lawns and other related fields where small engines are employed thereby positively contributing to demand.
Recreational industries like golf and other lawn related sports or industries are also considered as important contributors for the market of small gas engines.Similarly increase in landscaping activities and business is also key for development of this particular sector. Positive upticks in the construction sector also push the small engines market on an upward growth path. The sector however finds itself limited due to environmental challenges that are related to exhaust gases, many environmental bodies have protested the use of such engines that are not environmentally safe, this along with lack of government support are some of the factors that are inhibiting the development of the sector.
Latest Industry Updates:
May 2017 Sunbelt Rentals, one of the largest equipment rental companies in North America with a branch network of more than 600 locations has recently invested in nearly 700 pieces of equipment powered by KOHLER Engines.
Oct 2017 The KOHLER 5400 Series which has been designed to bring easy starting and quiet, smooth operation to lawn tractor applications with the new single-cylinder engine line includes models between 17 and 19.5 hp. Kohler has been continually enhancing its engines lineup over the years as the company currently offers a full array of gasoline, diesel and gaseous-fueled engines which can be used by equipment manufacturers worldwide and in the lawn and garden, commercial and industrial, agricultural and construction markets.
Aug 2017 The Engines Division of Kawasaki Motors Corp., U.S.A. is expanding its distribution network and is supplementing it with 15,000-square feet. The unit is known for its distribution of gasoline engines for landscape, industrial, and consumer markets.
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Global Small Gas Engines Market – Competitive Analysis
With the entry of industry players in the global small gas engines segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of engines. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The key players of Small gas engines market are Kawasaki Heavy Industries (Japan), Yamaha Motor Corp. (Japan), Honda Motor Co., Ltd. (Japan), Kohler Co. (U.S.), Briggs & Stratton Corporation (U.S.). Some of the other important players in the segment are Generac Power Systems (U.S.), Subaru ltd. (Japan), Kawasaki Heavy Industries Motorcycle & Engine Company (U.S.) and others.
Global Small Gas Engines Market – Segments
The global functional tea market has been segmented on the basis of engine displacement, equipment, application and by regions.
On the Basis of Engine Displacement: 20-100cc, 101-400cc and 401-650cc.
On the Basis of Equipment: Lawnmower, Chainsaw, Screed, Pressure Washer, Trimmer and Others
On the Basis of Application: Gardening, Industrial, Construction and Others
On the Basis of Region: North America, Europe, Asia Pacific and ROW.
Global Small Gas Engines Market – Regional Analysis
As per the report, the market has been divided into following regions which includes Middle East & Africa, Asia-Pacific, North America, Europe and Latin America. North America is the largest region in the small gas engines market due to the increase in the number of golf course in the region which drives the demand for small gas engines. The developed countries in the region are focusing on construction of smart and green buildings which lead to need of maintain gardens near buildings. This maintenance of gardens requires machinery such as lawnmowers and others which further drive the market of small gas engines in the region.
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