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 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. 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.
Global Small Gas Engines Market is predicted to grow at 4% CAGR by 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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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.
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.
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.
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Asia Pacific accounts for the highest market share
North America region is expected to dominate the small gas engines market owing to the rapid growth in the construction industry. The emerging trend of renting the outdoor power equipment is also contributing the growth of small scale engine market in the region. The demand of outdoor power equipment is rising in the region with the growth in commercial industry such as golf courses and ground maintenance, which in turn will boost the demand for small gas engines.
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