What is Global Small Engines for Home and Garden Equipment Market?
The Global Small Engines for Home and Garden Equipment Market is a vast and dynamic sector that encompasses a wide range of products and services. This market is primarily concerned with the production, distribution, and sale of small engines that are specifically designed for use in home and garden equipment. These engines are typically compact, lightweight, and efficient, making them ideal for powering a variety of home and garden tools and appliances. The global market for these engines is driven by a number of factors, including the increasing demand for home and garden equipment, the growing popularity of DIY activities, and the ongoing trend towards urbanization and the consequent need for compact and efficient tools and equipment. However, the market also faces several challenges, such as the increasing competition from alternative power sources and the stringent environmental regulations pertaining to engine emissions. Despite these challenges, the market continues to grow and evolve, offering numerous opportunities for manufacturers, distributors, and other stakeholders.
Gasoline Engines, Diesel Engines in the Global Small Engines for Home and Garden Equipment Market:
The Global Small Engines for Home and Garden Equipment Market is segmented into two main categories based on the type of fuel they use: gasoline engines and diesel engines. Gasoline engines are the most common type of small engines used in home and garden equipment. They are known for their high power-to-weight ratio, ease of use, and affordability. These engines are typically used in equipment such as lawn mowers, chainsaws, and hedge trimmers. On the other hand, diesel engines are more powerful and efficient than gasoline engines, but they are also more expensive and require more maintenance. Diesel engines are typically used in larger, more heavy-duty equipment. Despite the differences between these two types of engines, they both play a crucial role in the global market for small engines for home and garden equipment.
Lawn Mower, Chainsaw, Hedge Trimmer, Others in the Global Small Engines for Home and Garden Equipment Market:
The Global Small Engines for Home and Garden Equipment Market finds its application in a variety of areas, including lawn mowers, chainsaws, hedge trimmers, and others. Lawn mowers, for instance, are one of the most common pieces of home and garden equipment, and they rely heavily on small engines for their operation. Chainsaws, on the other hand, are used for more heavy-duty tasks such as cutting down trees and trimming large branches, and they also require small engines to function. Hedge trimmers, meanwhile, are used for maintaining and shaping hedges and shrubs, and they too are powered by small engines. Other applications of small engines in the home and garden equipment market include leaf blowers, pressure washers, and portable generators, among others.
Global Small Engines for Home and Garden Equipment Market Outlook:
The global Small Engines for Home and Garden Equipment market, which was valued at US$ 2161 million in 2022, is projected to reach a value of US$ 2872.5 million by 2029. This represents a compound annual growth rate (CAGR) of 4.1% during the forecast period from 2023 to 2029. This growth is largely driven by the top five manufacturers in the market, who collectively hold a market share of approximately 80%. In terms of product segmentation, gasoline engines represent the largest segment in the market, accounting for about 75% of the total market share. This dominance of gasoline engines can be attributed to their high power-to-weight ratio, ease of use, and affordability, among other factors.
| Report Metric | Details |
| Report Name | Small Engines for Home and Garden Equipment Market |
| Accounted market size in 2023 | US$ 2257.1 million |
| Forecasted market size in 2029 | US$ 2872.5 million |
| CAGR | 4.1 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Sales by Region |
|
| By Company | Briggs and Stratton, Honda, Kohler, Kawasaki, Kubota, Generac |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
