Small Engine Market Size, Demand and Top Companies 2034
Small Engine Market Growth, Size, Trends Analysis - By Engine Type, By Energy Resources, By Engine Displacement, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Sep-2025 | Report ID: AMIN2568 | Pages: 1 - 229 | Formats*: |
| Category : Automotive & Transportation | |||
Small Engine Market Introduction and Overview
According to SPER Market Research, the Global Small Engine Market is estimated to reach USD 14.3 billion by 2034 with a CAGR of 5.43%.
The report includes an in-depth analysis of the Global Small Engine Market, including market size and trends, product mix, Applications, and supplier analysis. The Small Engine Market was valued at USD 8.43 billion in 2024 and is projected to grow at a CAGR of 5.43% from 2025 to 2034. The primary driver of this market expansion is the increasing demand for outdoor power equipment, coupled with growth in construction and infrastructure development, as well as the rising popularity of home gardening. As global construction activities and infrastructure projects continue to increase, the demand for small engines in construction machinery, including compactors, concrete mixers, and generators, is also experiencing significant growth.
By Engine Type Insights
In 2024, the horizontal engine segment, categorized by engine type, captured the largest share of the market due to its versatility and extensive applications. Horizontal engines are preferred for their adaptability in a variety of equipment, including lawnmowers, generators, and pressure washers. Their design facilitates seamless integration into a diverse array of machinery, which enhances their market dominance.
By Energy Resources Insights
In terms of energy resources, the diesel segment represented the largest share of the small engine market in 2024, reflecting its prevalent use in numerous small engine applications, especially within industrial and heavy-duty equipment. Conversely, gas and electricity are expected to witness the most rapid growth rate. This anticipated growth is linked to the increasing emphasis on cleaner and more environmentally sustainable fuel options. LPG is becoming more popular due to its reduced emissions in comparison to conventional fuels, rendering it an appealing choice for small engines in scenarios where environmental factors are critical. The growing awareness of sustainable energy resources and the drive for cleaner alternatives are key factors contributing to the expected rise of LPG in the market.
Regional Insights
The United States occupies a significant position as the foremost market for small engines for various reasons. Firstly, the U.S. boasts a well-established and robust manufacturing sector that produces a wide array of products necessitating small engines, such as lawn and garden equipment, power tools, and portable generators. The country's technological superiority and robust industrial base are essential to the manufacture and use of small engines in a variety of applications.
Market Competitive Landscape
The global small engine sector is notably fragmented due to the existence of numerous market participants. The leading firms in this market include Briggs, Honda, and Yamaha, which are projected to hold the largest share of revenue in 2024. These major companies are concentrating on mergers and acquisitions, expanding their facilities, and forming strategic partnerships to broaden their product range, increase their customer base, and strengthen their market presence. Additionally, these companies are prioritizing acquisition strategies. Government initiatives aimed at promoting the adoption of highly efficient sustainable engines, along with the geographical expansion of key players, are expected to heighten market competition throughout the forecast period.
Recent Developments:
- In August 2024, Briggs & Stratton revealed the launch of production for the Vanguard 300 single-cylinder horizontal shaft engine. Featuring a displacement of 307cc and generating 10.0 Gross HP, this engine is engineered to provide exceptional performance, robust power, and minimized maintenance, leading to a reduced total cost of ownership. The addition of the 307cc variant broadens Vanguard’s single-cylinder portfolio, allowing original equipment manufacturers (OEMs) to utilize a single engine brand across their entire product range.
- In 2024, GE Aerospace formed a partnership with Kratos Turbine Technologies to develop a small engine that could potentially power unmanned aerial systems (UAS), collaborative combat aircraft, and related applications.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Engine Type, By Energy Resources, By Engine Displacement, By Application |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Briggs & Stratton, Honda Motor Co. Ltd, Yamaha Motor Co. Ltd, Kawasaki Heavy Industries Ltd, Kohler Co, Kubota Corporation, Yanmar Co. Ltd, Generac Holdings Inc, Mitsubishi Heavy Industries Ltd, Tillotson Ltd. |
- Global Small Engine Market Size (FY’2021-FY’2034)
- Overview of Global Small Engine Market
- Segmentation of Global Small Engine Market By Engine Type (Vertical, Horizontal)
- Segmentation of Global Small Engine Market By Energy Resources (Gasoline, Diesel, Gas, Electricity)
- Segmentation of Global Small Engine Market By Engine Displacement (Up to 100CC, 100 CC to 250 CC, 250 CC to 550 CC)
- Segmentation of Global Small Engine Market By Application (Lawn Mower, Snow Blower, Garden Tiller, Chain Saw, Go Cart, Pressure Washer, Water Pump, Others)
- Statistical Snap of Global Small Engine Market
- Expansion Analysis of Global Small Engine Market
- Problems and Obstacles in Global Small Engine Market
- Competitive Landscape in the Global Small Engine Market
- Details on Current Investment in Global Small Engine Market
- Competitive Analysis of Global Small Engine Market
- Prominent Players in the Global Small Engine Market
- SWOT Analysis of Global Small Engine Market
- Global Small Engine Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Small Engine Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Small Engine Market
7. Global Small Engine Market, By Engine Type (USD Million) 2021-2034
- 7.1. Vertical
- 7.2. Horizontal
8. Global Small Engine Market, By Energy Resources (USD Million) 2021-2034
- 8.1. Gasoline
- 8.2. Diesel
- 8.3. Gas
- 8.4. Electricity
9. Global Small Engine Market, By Engine Displacement (USD Million) 2021-2034
- 9.1. Up to 100CC
- 9.2. 100 CC to 250 CC
- 9.3. 250 CC to 550 CC
10. Global Small Engine Market, By Application (USD Million) 2021-2034
- 10.1. Lawn Mower
- 10.2. Snow Blower
- 10.3. Garden Tiller
- 10.4. Chain Saw
- 10.5. Go Cart
- 10.6. Pressure Washer
- 10.7. Water Pump
- 10.8. Others
11. Global Small Engine Market, (USD Million) 2021-2034
- 11.1. Global Small Engine Market Size and Market Share
12. Global Small Engine Market, By Region, (USD Million) 2021-2034
- 12.1. Asia-Pacific
- 12.1.1. Australia
- 12.1.2. China
- 12.1.3. India
- 12.1.4. Japan
- 12.1.5. South Korea
- 12.1.6. Rest of Asia-Pacific
- 12.2. Europe
- 12.2.1. France
- 12.2.2. Germany
- 12.2.3. Italy
- 12.2.4. Spain
- 12.2.5. United Kingdom
- 12.2.6. Rest of Europe
- 12.3. Middle East and Africa
- 12.3.1. Kingdom of Saudi Arabia
- 12.3.2. United Arab Emirates
- 12.3.3. Qatar
- 12.3.4. South Africa
- 12.3.5. Egypt
- 12.3.6. Morocco
- 12.3.7. Nigeria
- 12.3.8. Rest of Middle-East and Africa
- 12.4. North America
- 12.4.1. Canada
- 12.4.2. Mexico
- 12.4.3. United States
- 12.5. Latin America
- 12.5.1. Argentina
- 12.5.2. Brazil
- 12.5.3. Rest of Latin America
13. Company Profile
- 13.1. Briggs & Stratton
- 13.1.1. Company details
- 13.1.2. Financial outlook
- 13.1.3. Product summary
- 13.1.4. Recent developments
- 13.2. Honda Motor Co. Ltd
- 13.2.1. Company details
- 13.2.2. Financial outlook
- 13.2.3. Product summary
- 13.2.4. Recent developments
- 13.3. Yamaha Motor Co. Ltd
- 13.3.1. Company details
- 13.3.2. Financial outlook
- 13.3.3. Product summary
- 13.3.4. Recent developments
- 13.4. Kawasaki Heavy Industries Ltd
- 13.4.1. Company details
- 13.4.2. Financial outlook
- 13.4.3. Product summary
- 13.4.4. Recent developments
- 13.5. Kohler Co
- 13.5.1. Company details
- 13.5.2. Financial outlook
- 13.5.3. Product summary
- 13.5.4. Recent developments
- 13.6. Kubota Corporation
- 13.6.1. Company details
- 13.6.2. Financial outlook
- 13.6.3. Product summary
- 13.6.4. Recent developments
- 13.7. Yanmar Co. Ltd
- 13.7.1. Company details
- 13.7.2. Financial outlook
- 13.7.3. Product summary
- 13.7.4. Recent developments
- 13.8. Generac Holdings Inc
- 13.8.1. Company details
- 13.8.2. Financial outlook
- 13.8.3. Product summary
- 13.8.4. Recent developments
- 13.9. Mitsubishi Heavy Industries Ltd
- 13.9.1. Company details
- 13.9.2. Financial outlook
- 13.9.3. Product summary
- 13.9.4. Recent developments
- 13.10. Tillotson Ltd
- 13.10.1. Company details
- 13.10.2. Financial outlook
- 13.10.3. Product summary
- 13.10.4. Recent developments
- 13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Small Engine Market is projected to reach USD 14.3 billion by 2034, growing at a CAGR of 5.43% during the forecast period.
Small Engine Market grew in Market size from 2025. The Market is expected to reach USD 14.3 billion by 2034, at a CAGR of 5.43% during the forecast period.
Small Engine Market CAGR of 5.43% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Small Engine Market size is USD 14.3 billion from 2025 to 2034.
Small Engine Market is covered By Engine Type, By Energy Resources, By Engine Displacement, By Application
United States is anticipated to have the highest Market share in the Small Engine Market.
Briggs & Stratton, Honda Motor Co. Ltd, Yamaha Motor Co. Ltd, Kawasaki Heavy Industries Ltd, Kohler Co, Kubota Corporation, Yanmar Co. Ltd, Generac Holdings Inc, Mitsubishi Heavy Industries Ltd, Tillotson Ltd.
The report includes an in-depth analysis of the Global Small Engine Market, including market size and trends, product mix, Applications, and supplier analysis
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