Small Gas Engines Market Share

North American Market Forecast

The market share of small gas engine in North America is projected to be the largest with a share of about 35% by the end of 2037. The growth of the market can be attributed majorly to the increasing number of small gas engine projects in the region. For instance, in order to reduce costs and combat climate change, NASA works with US industry to develop small core aircraft engines.

Moreover, the surging trend of renting the equipment in countries such as the U.S and Canada, is further surging the demand for small gas engines for the rental equipment. Furthermore, the government support through investment in construction, and infrastructure projects that require portable generators, and other tools is further anticipated to rise the market’s growth in the region. As per recent reports, nearly 1,400,000 new housing units were completed in the United States in January 2022.

APAC Market Statistics

The Asia Pacific small gas engines market is estimated to be the second largest, registering a share of about 28% by the end of 2037. The growth of the market can be attributed majorly to the increasing manufacturing of various components that are widely used for gardening equipment.

Moreover, the rapid industrialization in the countries such as China, and India is further contributing to the demand for small gas engines in their operations. As these countries have seen an increase in their industrial output and manufacturing, they are looking for efficient ways to power their operations. Small gas engines provide an affordable and efficient source of power and have become increasingly popular as a result.