The growth of the Small Gas Engines Market is majorly driven by the availability of oil-indexed gas and liquefied natural gas, which facilitates the easy functioning of small engines. The introductions of some nuclear power capacities, which are capable of being used in the small gas engines, also drive the growth of the market. The increasing demand for electricity with the growing population, drop in natural gas prices, and the increasing environmental concerns are major factors driving the gas engines market. The ability of small gas engines to generate and utilize power from the renewable sources of energy such as biogas is also driving the growth of the market. Small Gas Engines Market is expected to grow over the CAGR of around 4% during the period 2016 to 2022
- Kawasaki Heavy Industries (Japan),
- Yamaha Motor Corp. (Japan),
- Honda Motor Co., Ltd. (Japan),
- Kohler Co. (U.S.),
- Briggs & Stratton Corporation (U.S.),
- Generac Power Systems (U.S.),
- Subaru ltd. (Japan),
- Kawasaki Heavy Industries Motorcycle & Engine Company (U.S.)
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Market Research Analysis
Among all equipment, the lawnmower segment is expected to be the largest market segment during the forecast period. The demand for lawnmowers is expected to increase with its wide use in the residential and commercial application. The increase in use of lawn movers in commercial applications such as golf-courses and maintenance companies is further expected to contribute to the growth of the market.
North America region is expected to dominate the small gas engines market with highest CAGR owing to huge expenditure on R&D by the established players in the region such as Caterpillar Inc. among others. The heavy investments made in the region for construction of smart and green buildings in the region are expected to contribute significantly to the growth of the market.
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Small Gas Engines Market Research Report – Forecast to 2022”
One of the key drivers for the growth of the small gas engines market is growth in the construction industry and increase in demand for outdoor power equipment rental. The use of small gas engines in various power equipment such as concrete screeds, lawnmowers, leaf blowers, portable generators, pressure washers and others is also driving the growth of the market. The use of lawnmowers for gardening purposes even by the households is leading to the increase in demand of lawnmowers and thereby, the growth of the small gas engines market. The increased adoption of landscaping in various regions is also driving the growth of the global small gas engines market..
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The report has been analyzed based on the Engine displacement, equipment, Application and region. Amongst all applications, the construction segment is expected to grow rapidly. The booming residential and commercial construction industry is driving the growth of the construction segment. With the increasing urbanization and the increase in number of smart cities, the housing activity is expected to grow rapidly, which is boosting the demand for outdoor power equipment and is driving the demand for small gas engines. The increase in demand for landscaping services at commercial establishments, such as golf courses is also expected to contribute significantly to the growth of the small gas engine market.
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