Small Gas Engine Market Size

Statistics for the 2023 & 2024 Small Gas Engine market size, created by Mordor Intelligence™ Industry Reports. Small Gas Engine size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Small Gas Engine Industry

Small Gas Engine Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR > 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Small Gas Engine Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Small Gas Engines Market Analysis

The small gas engine market is expected to witness a CAGR of more than 4 % during the forecast period, 2022-2027. Due to the COVID-19 pandemic, the market studied witnessed a negative impact, owing to the subdued activities in the end-user industries. However, the market has been showing signs of recovery since early 2021, which was likely due to the economic rebound in the majority of the countries. Factors such as the increasing use of construction equipment powered by gas generators, the decline in natural gas prices, low environmental impact, and increasing flexibility and efficiency of gas-driven energy generation are expected to drive the small gas engine market demand during the forecast period. However, the cost of the small gas engine is likely to hamper the market. Consumers are buying cheap equipment from merchandisers or retailers at low prices. Such scenarios are pushing the Chinese products available at lower prices but are of low quality. This price war has forced manufacturers to a point where they have lost the ability to sell their engines at a premium.

  • The growth of the construction activities surges the demand for outdoor power equipment, which is likely to dominate the small gas engine market due to the nominal maintenance costs and reduced product costs.
  • Due to emission legislation, the major manufacturers are investing in new technical avenues, such as micro-hybridization engines, biofuels engines, etc., which are expected to provide opportunities for market growth.
  • Asia-Pacific is expected to dominate the small gas engine market, with most of the demand coming from countries like China and India.

Small Gas Engines Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)