The small gas engines market is expected to grow from an estimated in USD 3.3 billion in 2023 to USD 4.3 billion by 2028, at a CAGR of 5.4% during the forecast period. Rising investment in outdoor equipment such as lawn mowers, tillers, pressure washers for landscape services is expected to drive the market.
A few major players that have a wide regional presence dominate the small gas engines market. The leading players in the small gas engines market include Briggs & Stratton (US), Honda Motor Co. (Japan), Yamaha Motor Corporation (Japan), Kohler Co. (US), Kawasaki Heavy Industries, Ltd. (Japan), MITSUBISHI HEAVY INDUSTRIES, LTD (Japan).
The major strategies adopted by these players include product launches and new product development, contracts & agreements, investments & expansions, joint ventures, and partnerships & collaborations. Partnerships and collaborations were the two most adopted strategies from 2018 to 2023.
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Briggs & Stratton Corporation, an American company, is one of the largest manufacturers of gas engines in the world. It operates through two segments, namely, Engines and Products. The Engines segment is the core business of the company, which is the key engine supplier for several outdoor power equipment manufacturers such as MTD Products Inc., Husqvarna Outdoor Products Group, and Deere & Company, among others. Briggs & Stratton manufactures its engines mainly in the US with manufacturing facilities located in Alabama, Georgia, Wisconsin, Kentucky, and Missouri. It also has a manufacturing facility in Chongqing, China, as well as facilities in Japan via a joint venture with Daihatsu Motor Co. The company has a worldwide presence with subsidiaries in Australia, Austria, Brazil, Canada, China, the Czech Republic, England, France, Germany, India, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, South Africa, Spain, and Sweden.
Honda Motor Co., Ltd. is a global leader, which produces and sells automobiles, motorcycles, and power equipment. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life Creation and Other Businesses. Life Creation and Other Businesses offers outdoor power production and relevant parts. The comapnay also manufactures small gas engines. Honda Motor Co., Ltd. operates in more than 90 countries in Europe, the Middle East, CIS, Africa, the Americas, Asia, and Australia.
Small Gas Engines Market by Equipment (Lawnmower, Chainsaw, String Trimmer, Hedge Trimmer, Portable Generator), Displacement (20-100cc, 101-400cc, 401-650cc), End-User (Gardening, Industrial, Construction) Region - Global Forecast to 2028
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