Small Engine Market size was valued at USD 10.5 Billion in 2024 and is projected to reach USD 15.2 Billion by 2033, exhibiting a CAGR of 4.8% from 2026 to 2033.
The small engine market was valued at approximately USD 24.8 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. This growth is attributed to increasing demand for small engines in various sectors such as automotive, power generation, and agriculture. The rise in outdoor activities and demand for lawn care equipment is further fueling market expansion. Additionally, technological advancements in small engine design, such as enhanced fuel efficiency and reduced emissions, are expected to positively influence market growth in the coming years. The market is driven by key factors such as the growing preference for portable equipment and an increase in DIY activities, further propelling the demand for small engine powered products. Furthermore, the growing trend of eco friendly engines and government regulations supporting the adoption of cleaner engine technology are expected to play a significant role in shaping market dynamics during the forecast period.
Regionally, North America held the largest share of the small engine market in 2022, accounting for approximately 35% of the global market share, primarily driven by the strong demand for lawn mowers, recreational vehicles, and agricultural equipment. Europe followed closely, with steady growth fueled by increasing demand for compact engines in industrial and commercial applications. The Asia Pacific region is anticipated to witness the highest growth, with a projected CAGR of 6.4% over the forecast period, owing to the growing manufacturing sector and increasing consumer preferences for small engine driven products. In addition, rising investments in the agriculture and construction industries in countries like China and India are expected to contribute significantly to the region’s market expansion. Latin America and the Middle East are also expected to show steady growth, driven by industrialization and rising demand for small engines in construction equipment.
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Honda
Yanmar
Briggs & Stratton
Kohler Power
Kubota
Generac
Changchai
Kawasaki
Yamaha Motor
Hatz
Chongqing Fuchai
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Small Engine Market
Outdoor Power Equipment
Automotive
Industrial Equipment
Two-Stroke Engines
Four-Stroke Engines
Electric Engines
Propane
Ethanol
Below 2 HP
2-5 HP
5-10 HP
Above 10 HP
Direct Sales
Retail Stores
Online Sales
Wholesale Distributors
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Small Engine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Small Engine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Small Engine Market, By Type
6. Global Small Engine Market, By Application
7. Global Small Engine Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Small Engine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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