The global small gas engines market is forecast to grow at a CAGR of 4.15%, from 2016 to 2021, and reach a value of USD 2.91 Billion by 2021. The growth is likely to be driven by a growth in the construction industry and a rise in demand for rented outdoor power equipment. The demand for outdoor power equipment is expected to rise as demand for residential and commercial construction increases. Contractors and homeowners are increasingly shifting towards renting outdoor power equipment due to lower costs and minimal costs of maintenance.
To enable an in-depth understanding of the competitive landscape, the 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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Scope of the Report:
By Engine Displacement
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20–100cc
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101–450cc
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451–650cc
By Equipment
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Lawnmowers
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Chainsaws
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Rotary Tillers
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String Trimmers
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Hedge Trimmers
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Concrete Vibrators
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Concrete Screeds
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Snow Blowers
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Leaf Blowers
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Portable Generators
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Pressure Washers
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Edgers
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Others
By End-Use
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Gardening
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Industrial
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Construction
By Region
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North America
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Europe
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Asia-Pacific
·
Rest of the World
Browse 68 market tables
and 29 figures spread through 123 pages on "Small Gas Engines Market - Global Forecast to 2021"To speak to our analyst for a discussion on the above findings, click https://www.marketsandmarkets.com/speaktoanalyst.asp?id=68985131
The gardening end-use segment will dominate the small gas engines market.
The gardening equipment segment is witnessing a significant growth owing to growing adoption in the residential and commercial construction industries. The demand for outdoor power equipment in landscaping services is a key driver for the growth of the segment. The equipment is primarily used for cutting, trimming, and maintaining lawns, and is likely to be in high demand at golf courses, sports fields, and public parks.
The lawn mowers segment dictates the small gas engines market.
The demand for lawn mowers is likely to increase due to their wide use in both residential and commercial applications. Commercial users of lawn mowers, such as golf courses, ground or park maintenance companies, and other non-residential facilities, are expected to stimulate the growth of the lawn mowers market. The residential market will be a major driver for the growth of the lawn mowers segment, as growing interest in outdoor activities would trigger the need to maintain yards.
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The North American market will lead the global small gas engines market.
The North American market is expected to lead the global small gas engines market largely due to a rise in the construction industry and rental of outdoor power equipment in the U.S. and Canada. These countries are investing heavily in the construction of smart and green buildings. This would lead to the need for lawns or gardens to be maintained near buildings. The sale of outdoor powered equipment is likely to get a boost from improvements in housing maintenance. The landscaping services business will also create demand for outdoor powered equipment. In North America, contractors and homeowners prefer to rent outdoor power equipment as it lowers the cost of operations.
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