Small Gas Engines Market Analysis
The global small gas engines market is predicted to have a significant growth at a notable CAGR over the forecast period (2018-2022), states the latest Market Research Future (MRFR) report. Small gas engines comprise of individual systems which work together for producing power. Every system contains several components. Gasoline-powered internal combustion engines need six systems- lubrication, cooling, combustion, ignition, exhaust, and fuel. Small gas engines are in great demand as they serve people in multiple ways. These help to power air compressors, generators, pumps, chainsaws, snowblowers, hedgers, trimmers, cultivators, tillers, and lawnmowers. Besides, small gas engines also power fun activities such as ultralight aircraft, all-terrain vehicles, motorcycles, snowmobiles, outboard boats, and other toys.
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Various factors are propelling the small gas engines market growth. These factors, as stated by the MRFR report, include growing demand for various outdoor power equipment rental, growing construction industry, rapid industrialization and urbanization, technological innovations, and product development. Moreover, the demand for small gas engines is rising as automobile manufacturers require to cater to stringent emission norms along with the burgeoning need for outdoor power equipment, especially in landscaping services are also pushing market growth.
Leading players profiled in the small gas engines market report include Kawasaki Heavy Industries Motorcycle & Engine Company (US), Subaru ltd. (Japan), Generac Power Systems (US), Briggs & Stratton Corporation (US), Kohler Co. (US), Honda Motor Co., Ltd. (Japan), Yamaha Motor Corp. (Japan), and Kawasaki Heavy Industries (Japan), among others.
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The Market Research Future report provides a wide segmental analysis of the small gas engines market based on equipment, application, and engine displacement.
Based on engine displacement, the small gas engines market is segmented into 401-650cc, 101-400cc, and 20-100cc.
Based on equipment, the small gas engines market is segmented into trimmer, pressure washer, screed, chainsaw, lawnmower, and others.
Based on application, the small gas engines market is segmented into construction, industrial, gardening, and others.
Based on the region, the small gas engines market report covers growth opportunities and the latest trends across the Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW).
Of these, North America will remain the driving force in the market over the forecast period. This is on account of the increasing number of golf courses in this region that is propelling the demand for small gas engines. Besides, the developed countries in this region are emphasizing on the construction of smart and green buildings and the maintenance of such gardens need machinery such as lawnmowers that are driving the market growth. Canada as well as the US are the key contributors in this region owing to the wide use of gas-powered equipment and growth of the construction industry. Moreover, the rising investments in leisure activities and a high standard of living in the US are pushing market growth. The small gas engines market in the US holds good opportunities for equipment providers and engine manufacturers.
The small gas engines market in the APAC region is predicted to grow at the highest CAGR over the forecast period. This is owing to the increasing adoption of small gas engines in the commercial and residential construction industries.
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