TABLE 1 Global Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 2 Global Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 3 Global Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 4 Global Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 5 Global Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 6 Global Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 7 Global Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 8 Global Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 9 North America Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 10 North America Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 11 North America Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 12 North America Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 13 North America Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 14 North America Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 15 North America Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 16 North America Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 17 U.S. Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 18 U.S. Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 19 U.S. Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 20 U.S. Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 21 U.S. Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 22 U.S. Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 23 U.S. Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 24 U.S. Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 25 Canada Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 26 Canada Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 27 Canada Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 28 Canada Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 29 Canada Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 30 Canada Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 31 Canada Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 32 Canada Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 33 Rest of North America Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 34 Rest of North America Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 35 Rest of North America Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 36 Rest of North America Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 37 Rest of North America Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 38 Rest of North America Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 39 Rest of North America Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 40 Rest of North America Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 41 UK and European Union Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 42 UK and European Union Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 43 UK and European Union Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 44 UK and European Union Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 45 UK and European Union Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 46 UK and European Union Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 47 UK and European Union Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 48 UK and European Union Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 49 UK Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 50 UK Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 51 UK Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 52 UK Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 53 UK Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 54 UK Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 55 UK Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 56 UK Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 57 Germany Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 58 Germany Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 59 Germany Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 60 Germany Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 61 Germany Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 62 Germany Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 63 Germany Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 64 Germany Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 65 Spain Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 66 Spain Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 67 Spain Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 68 Spain Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 69 Spain Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 70 Spain Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 71 Spain Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 72 Spain Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 73 Italy Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 74 Italy Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 75 Italy Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 76 Italy Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 77 Italy Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 78 Italy Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 79 Italy Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 80 Italy Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 81 France Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 82 France Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 83 France Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 84 France Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 85 France Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 86 France Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 87 France Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 88 France Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 89 Rest of Europe Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 90 Rest of Europe Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 91 Rest of Europe Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 92 Rest of Europe Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 93 Rest of Europe Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 94 Rest of Europe Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 95 Rest of Europe Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 96 Rest of Europe Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 97 Asia Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 98 Asia Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 99 Asia Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 100 Asia Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 101 Asia Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 102 Asia Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 103 Asia Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 104 Asia Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 105 China Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 106 China Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 107 China Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 108 China Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 109 China Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 110 China Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 111 China Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 112 China Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 113 Japan Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 114 Japan Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 115 Japan Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 116 Japan Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 117 Japan Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 118 Japan Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 119 Japan Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 120 Japan Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 121 India Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 122 India Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 123 India Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 124 India Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 125 India Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 126 India Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 127 India Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 128 India Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 129 Australia Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 130 Australia Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 131 Australia Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 132 Australia Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 133 Australia Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 134 Australia Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 135 Australia Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 136 Australia Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 137 South Korea Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 138 South Korea Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 139 South Korea Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 140 South Korea Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 141 South Korea Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 142 South Korea Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 143 South Korea Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 144 South Korea Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 145 Latin America Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 146 Latin America Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 147 Latin America Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 148 Latin America Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 149 Latin America Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 150 Latin America Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 151 Latin America Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 152 Latin America Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 153 Brazil Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 154 Brazil Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 155 Brazil Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 156 Brazil Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 157 Brazil Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 158 Brazil Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 159 Brazil Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 160 Brazil Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 161 Mexico Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 162 Mexico Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 163 Mexico Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 164 Mexico Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 165 Mexico Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 166 Mexico Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 167 Mexico Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 168 Mexico Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 169 Rest of Latin America Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 170 Rest of Latin America Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 171 Rest of Latin America Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 172 Rest of Latin America Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 173 Rest of Latin America Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 174 Rest of Latin America Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 175 Rest of Latin America Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 176 Rest of Latin America Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 177 Middle East and Africa Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 178 Middle East and Africa Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 179 Middle East and Africa Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 180 Middle East and Africa Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 181 Middle East and Africa Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 182 Middle East and Africa Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 183 Middle East and Africa Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 184 Middle East and Africa Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 185 GCC Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 186 GCC Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 187 GCC Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 188 GCC Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 189 GCC Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 190 GCC Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 191 GCC Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 192 GCC Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 193 South Africa Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 194 South Africa Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 195 South Africa Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 196 South Africa Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 197 South Africa Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 198 South Africa Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 199 South Africa Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 200 South Africa Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 201 North Africa Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 202 North Africa Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 203 North Africa Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 204 North Africa Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 205 North Africa Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 206 North Africa Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 207 North Africa Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 208 North Africa Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 209 Turkey Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 210 Turkey Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 211 Turkey Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 212 Turkey Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 213 Turkey Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 214 Turkey Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 215 Turkey Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 216 Turkey Small Engine Market By Offline, 2022-2032, USD (Million)
TABLE 217 Rest of Middle East and Africa Small Engine Market By Energy Resource, 2022-2032, USD (Million)
TABLE 218 Rest of Middle East and Africa Small Engine Market By End-Use, 2022-2032, USD (Million)
TABLE 219 Rest of Middle East and Africa Small Engine Market By Type of Engine, 2022-2032, USD (Million)
TABLE 220 Rest of Middle East and Africa Small Engine Market By Engine Displacement, 2022-2032, USD (Million)
TABLE 221 Rest of Middle East and Africa Small Engine Market By Application, 2022-2032, USD (Million)
TABLE 222 Rest of Middle East and Africa Small Engine Market By Commercial, 2022-2032, USD (Million)
TABLE 223 Rest of Middle East and Africa Small Engine Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 224 Rest of Middle East and Africa Small Engine Market By Offline, 2022-2032, USD (Million)
Market Overview
The small engine market refers to the market that deals with engines typically used in equipment like lawnmowers, snow blowers, and garden tillers. These engines are distinct from those found in cars or trucks, being less complex and typically having a horsepower rating under 50. The diverse application of these engines in a variety of household and industrial tools has seen this market undergo significant changes in recent times. The small engine market is estimated to grow at a CAGR of 4.4% from 2024 to 2032, driven by environmental regulations and emission standards.
Small Engine Market Dynamics
Driver: Environmental Regulations and Emission Standards
Governments worldwide have intensified their efforts in curbing emissions and promoting environmental sustainability. This has led to stricter emission standards for small engines, pushing manufacturers to innovate and design engines that are fuel-efficient and produce fewer emissions. The Clean Air Act in the U.S., for instance, has set definitive guidelines for engine manufacturers in the past. As a result, many producers have transitioned to four-stroke engines over the conventional two-stroke ones. Four-stroke engines, being inherently more fuel-efficient and producing fewer pollutants, have seen a spike in adoption. Additionally, the push towards eco-friendly alternatives has fueled the growth of battery-operated and electrically powered equipment, challenging the traditional dominance of gasoline-powered tools. This paradigm shift is supported by the rising consumer awareness about environmental conservation and a willingness to invest in sustainable technologies.
Opportunity: Expansion into Developing Markets
Emerging economies present a lucrative opportunity for the small engine market. As the middle class in these countries continues to grow, so does the demand for quality household equipment. Countries like India and China, with their vast consumer base and increasing purchasing power, have shown a growing interest in garden equipment, recreational vehicles, and other tools powered by small engines. Infrastructure projects, coupled with urbanization trends in these nations, further support the market expansion. For instance, the growth of green spaces, parks, and recreational areas in urban settings creates a demand for landscaping tools and equipment, driving the need for efficient small engines.
Restraint: Electrification and Battery-Powered Tools
The advent of electric and battery-powered tools poses a significant restraint to the traditional small engine market. Electrically powered equipment offers numerous advantages, such as reduced emissions, lesser noise, and lower maintenance costs. In 2023, several companies introduced innovative battery-operated equipment, capitalizing on the growing consumer preference for eco-friendly tools. The trend towards urban gardening, for instance, favors quieter, electrically operated devices, thereby curtailing the growth potential of gasoline-powered tools.
Challenge: Supply Chain Disruptions
In recent times, global supply chain disruptions, exacerbated by events like the COVID-19 pandemic, have posed challenges to the small engine market. Manufacturers faced difficulties in sourcing vital components, leading to production halts and delivery delays. Such disruptions impact the profitability of players in the sector and can influence price fluctuations, impacting the end consumers.
Energy Resource Insights
In 2023, engines powered by petrol or gasoline dominated the market in terms of revenue. Their prevalence is attributed to the historically widespread adoption of gasoline engines in various machinery and equipment due to their power output, easy availability, and established infrastructure. However, rising fuel prices and growing environmental concerns have shifted the focus towards more sustainable alternatives.
Diesel engines, while popular in certain sectors, are expected to see a decline given their emission profiles, especially in regions with stricter emission norms. Compressed Natural Gas (CNG) and Liquid Petroleum Gas (LPG) engines, on the other hand, offer a cleaner combustion process. With governments offering incentives and promoting the use of cleaner fuels, the adoption of CNG and LPG engines is expected to surge between 2024 and 2032, showcasing the highest CAGR.
Other fuels like kerosene remain in the fringes, with limited applications due to their environmental implications and less efficient combustion.
End-use Insights
The lawn mower segment held a commanding share in 2023, underlined by the ubiquity of gardens and green spaces in both urban and suburban settings across the globe. The demand for lawnmowers is consistent, with residential, commercial, and public sectors all requiring their services.
Snow blowers, predominantly used in regions with heavy snowfall, contributed significantly to revenues in 2023, but their usage is geographically limited. Garden tillers, essential for agriculture and large-scale gardening, have seen consistent demand, especially from developing nations that heavily rely on agriculture.
Chainsaws and go-carts, while popular, have niche applications. The former is primarily used in forestry and the latter in recreational activities. The rising DIY trend boosted the sales of chainsaws in 2023.
Pressure washers, which are versatile cleaning tools, are expected to see rapid growth between 2024 to 2032, driven by the increased demand in both residential and industrial settings.
Water pumps, vital for agriculture, household, and industrial use, maintain a steady demand. However, innovations in this sector, such as solar-powered pumps, could shift the dynamics in the coming years. Lastly, other tools like weed trimmers are gaining traction, especially in urban settings where manicured gardens and landscapes are a trend.
Regional Insights
North America, in 2023, held the lion's share of the market revenue, driven by the widespread adoption of garden and household equipment. However, Asia-Pacific is forecasted to showcase the highest CAGR from 2024 to 2032, largely due to rapid urbanization and increased consumer spending in countries like China and India.
Competitive Trends
The small engine market is characterized by intense competition with players like Briggs & Stratton, Honda, Kawasaki, Kohler, Yamaha Motor Co., Ltd, Lifan Power USA, Kubota Corporation, Mitsubishi Heavy Industries Ltd, Tillotson, Kubota and Others leading the charge. In 2023, these companies heavily invested in R&D to produce efficient and eco-friendly engines. Strategic partnerships and mergers were also a common trend, as companies aimed to expand their market reach and diversify their product portfolios. As we look ahead from 2024 to 2032, players are expected to emphasize innovation, targeting the growing demand for sustainable and electric-powered tools.
