Small Gas Engines Market Forecast Shows Promising Growth by 2028
The global Small Gas Engines Market is estimated to grow from USD 3.3 billion in 2023 to USD 4.3 billion by 2028, at a CAGR of 5.4% during the forecast period. The primary drivers of the market include the rising demand for portable generators for small-scale applications. the small gas engines market has promising growth potential due to the rising deployment of lawn mowers. Rising investment in outdoor equipment such as lawn mowers, tillers, pressure washers for landscape services is expected to drive the market. The maintenance of lawns in residential sector and commercial sector is helping the small gas engines market to grow.
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Rising demand for outdoor power equipment drive the small gas engines market
Outdoor power equipment is sold to commercial landscapers, rental yards, and institutions such as colleges and hospitals. The small gas engines market is mainly driven by the growing demand for outdoor equipment by homeowners for landscaping services. In the landscape industry, a wide range of outdoor power equipment such as lawn mowers, hedge trimmers, blowers, and saws are used in landscaping activities that include lawn maintenance, hardscaping, tree care lawn renovation, and snow removal. The manufacturing of these equipment has increased the demand for small gas engines.
Increasing focus on production of standard regulated small gas engines
According to the EPA, small engines will emit about one-third times fewer hydrocarbons under the new standards. The regulations aim to control running losses and permeation losses from fuel systems. Nevertheless, permeation is only one method by which fuel vapors are released. Evaporative emissions occur both when an engine is running and when the engine is not running owing to daily temperature variations. The government is banning small gas engines from 2024, which do not meet the regulation standard set by EPA. Each equipment builder or manufacturer is now focusing on the control of evaporative emissions from fuel systems and equipment certified with the EPA. To limit evaporative emissions, these manufacturers use a variety of technologies, ranging from specific hoses to fuel caps on sealed fuel tanks to carbon canisters and vapor control valves.
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North America is expected to be the largest region in the small gas engines market
In this report, the Small Gas Engines Market has been analyzed for five regions: Europe, Asia Pacific, North America, South America and Middle East & Africa. North America is expected to be the largest market share in the small gas engines market during the forecast period. The growth of the North America small gas engine market is characterized by The growing demand from the gardening industry and large-scale small gas engine projects mainly drive the growth of the small gas engine market in this region.
Key Market Players:
The Small Gas Engines Market is dominated by a few major players that have a wide regional presence. The leading players in the Small Gas Engines Market are Briggs & Stratton (US), Honda Motor Co. (Japan), Yamaha Motor Corporation (Japan), Kohler Co. (US), Kawasaki Heavy Industries, Ltd. (Japan), MITSUBISHI HEAVY INDUSTRIES, LTD (Japan).
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