The report "Small Gas Engines Market by Equipment (Lawnmower, Chainsaw, Tiller, Screed, Blower, Pressure Washer, and Trimmer), Engine Displacement (20-100cc, 101-400cc, and 401-650cc), End-Use (Gardening, Industrial, and Construction), and Region - Global Forecast to 2021", is forecasted to grow from USD 2.38 Billion in 2016 to USD 2.91 Billion by 2021, at a CAGR of 4.15%. The small gas engines market growth is mainly driven by growth in the construction industry and an increasing demand for outdoor power equipment rental.
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Objectives of the Study
·
To define, describe, and forecast the global
market for small gas engines on the basis of application, engine displacement,
equipment, and region
·
To provide detailed information on the major
factors influencing the growth of the market (drivers, restraints,
opportunities, and industry-specific challenges)
·
To strategically analyze the global market
for small gas engines with respect to individual growth trends, future
expansions, and contributions to the market
·
To analyze market opportunities for
stakeholders, and details of a competitive landscape for market leaders
·
To strategically profile key players and
comprehensively analyze their market shares and core competencies
·
To compare key market players with respect to
market share, product specifications, and applications
report includes profiles of some of the leading players in the small gas engines market, including Briggs & Stratton Corporation (U.S.), Kohler Co. (U.S.), Honda Motor Co., Ltd. (Japan), Yamaha Motor Corp. (Japan), and Kawasaki Heavy Industries (Japan), among others. These players are trying to penetrate developing economies and are adopting various methods to increase their market share.
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Small gas engines are used in various outdoor power equipment like chainsaws, rotary tillers, hedge trimmers, string trimmers, concrete vibrators, concrete screeds, lawnmowers, leaf blowers, snow blowers, portable generators, pressure washers, and edgers, among others. There is high demand for lawnmowers, which is one of the factors that is likely to drive the growth of the small gas engines market. The residential and commercial construction market accounts for a majority of lawn mower equipment sales. Equipment sales are primarily driven by increasing adoption of landscaping in various regions.
The report segments the small gas engines market by engine displacement, end-use, and region. In the engine displacement segment, the 101–400cc engines lead the market. The 101–400cc engines are mainly used in lawnmowers, snow blowers, portable generators, and pressure washers. The increase in demand for outdoor powered equipment is the prime reason for the growth of this segment. However, eco-friendly alternatives, such as electric, battery, and hybrid-powered engines, are a threat to the market.
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