Small Gas Engines Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Small Gas Engines Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : March, 2020 | Energy & Mining | PPT format

Report Digest


Global Small Gas Engines Market: Overview 

Small gas engines are vastly used as independent power sources in a wide range of machinery, including concrete mixers, generators, and lawnmowers. Their low-displacement application finds usage in a variety of motor automobiles such as go-karts, all-terrain vehicles (ATVs), scooters, and motorcycles. Small gas engines could have a smaller output apart from their physical dimensions compared to relatively larger automobile engines. Chainsaws, string trimmers, and other handheld machinery are one of the smallest types. 

Global Small Gas Engines Market: Key Trends 

The growth of the worldwide small gas engines market is prognosticated to be magnified by the surging demand for outdoor power equipment, which is propelling at a noteworthy tempo due to the rise in commercial and residential construction activities. Owing to nominal maintenance costs and reduced product costs, outdoor power equipment are expected to be frequently rented and gain a lot of attention by homeowners and contractors. Since equipment sales are chiefly controlled by the adoption of landscaping services in a majority of markets, lawnmowers are anticipated to take hold of a significant demand. Much of this demand is expected to be accredited to the commercial and residential construction market. 

The price war that has bound the hands of manufacturers to sell products at a premium rate is prophesied to restrict the growth of the global small gas engines market. The availability of low-quality and low-priced Chinese products is deemed to have forwarded the trend of buying cheap equipment in the market. 

The demand for outdoor power equipment is foreseen to influence the small gas engines market for gardening among other end uses such as construction and industrial. Snow removal, lawn care, and lawn renovation are some of the specialty services offered by landscaping companies. Thus, with the increasing presence of landscaping firms due to the soaring demand in residential and commercial projects, the market growth could be significantly boosted. 

Global Small Gas Engines Market: Market Potential 

Following its newfound interest in manufacturing waste heat recovery systems smaller the size of their traditional heat recovery boilers, Alfa Laval has introduced Aalborg Micro which uses waste heat to provide thermal power between 250 kW and 5,000 kW. The use of smaller reciprocating engines and gas turbines has become altogether more important if a company is looking to produce power in an environment-friendly and efficient fashion. According to the company, Aalborg Micro can be installed outdoors or indoors and vertically or horizontally. It is capable of functioning with the use of heavy fuel oil (HFO), marine diesel oil (MDO), and liquefied natural gas (LNG). 

Global Small Gas Engines Market: Regional Outlook 

The international small gas engines market is predicted to witness a healthy growth in the U.S. throughout the forecast period due to the rising rental activities on the part of outdoor power equipment and towering investments in the construction sector. In this regard, the researchers envisage North America to be a faster growing as well as larger regional market. Other markets such as Asia Pacific and Europe could be driven by the elevating demand in the construction sector. 

Global Small Gas Engines Market: Competitive Landscape 

Until 2016, agreements and contracts were the most recurrently adopted strategies by key players in the world small gas engines market, accounting for an estimate 57.0% of all developments whereas a 24.0% was attributed to new product launches. Kawasaki Heavy Industries, Yamaha Motor Corp., Honda Motor Co. Ltd., Kohler Co., and Briggs & Stratton Corporation are some of the dominating companies in the market.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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