Small Engine Market, By Engine Type (Horizontal Engines and Vertical Engines), By Fuel Type (Gasoline Engines and Diesel Engines), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

Global Small Engine Market is estimated to be valued at US$ 19.34 Bn in 2025 and is expected to reach US$ 24.77 Bn by 2032, growing at a compound annual growth rate (CAGR) of 3.6% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 19.34 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	3.60%	2032 Value Projection:	USD 24.77 Bn

Figure. Small Engine Market Share (%), By Region 2025

The global small engine market is witnessing steady growth owing to rising demand from various end-use industries such as lawn and garden equipment, construction equipment, agricultural machinery, and portable generators. Small engines are lightweight internal combustion engines that run on gasoline or diesel fuel to power equipment for industrial and residential uses. Their compact size and ease of use make them suitable for commercial and domestic applications where large equipment may not be suitable. With growing urbanization and demand for powered equipment for various applications, the small engine market is expected to thrive over the coming years.

Market Dynamics:

The global small engine market is driven by strong demand from the construction and agriculture industries. Rapid infrastructure development activities around the world fuel the construction equipment industry's growth, propelling the demand for small engines in power generators, pressure pumps, and other equipment. Furthermore, increasing mechanization of agricultural processes and the growing global population are augmenting the agriculture sector's demand. However, strict emission norms imposed on fuel-powered engines pose a challenge to market growth. Moreover, high dependency on fossil fuels subjects this market to fuel price volatility risks. On the positive side, technological advancements centered around improving fuel efficiency, reducing emissions, and developing hybrid/electric engines present lucrative opportunities.

Key Features of the Study:

This report provides in-depth analysis of the global small engine market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global small engine market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Briggs & Stratton, Honda Motor Co. Ltd., Yamaha Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Kohler Co., Kubota Corporation, Yanmar Co. Ltd., Generac Holdings Inc., Lifan Power USA, Mitsubishi Heavy Industries Ltd., Tillotson Ltd., Hatz Diesel, Chongqing Fuchai, Changchai Co. Ltd., and Subaru Industrial Power Products

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global small engine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global small engine market

Market Segmentation

Engine Type Insights (Revenue, USD Bn, 2020 - 2032)
- Horizontal Engines
- Vertical Engines
Fuel Type Insights (Revenue, USD Bn, 2020 - 2032)
- Gasoline Engines
- Diesel Engines
Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Briggs & Stratton
- Honda Motor Co. Ltd.
- Yamaha Motor Co. Ltd.
- Kawasaki Heavy Industries Ltd.
- Kohler Co.
- Kubota Corporation
- Yanmar Co. Ltd.
- Generac Holdings Inc.
- Lifan Power USA
- Mitsubishi Heavy Industries Ltd.
- Tillotson Ltd.
- Hatz Diesel
- Chongqing Fuchai
- Changchai Co. Ltd.
- Subaru Industrial Power Products

Product Code: CMI7778

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Small Engine Market, By Engine Type
- Global Small Engine Market, By Fuel Type
- Global Small Engine Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends

4. Global Small Engine Market, By Engine Type, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Horizontal Engines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Vertical Engines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

5. Global Small Engine Market, By Fuel Type, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Gasoline Engines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Diesel Engines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

6. Global Small Engine Market, By Region, 2020 - 2032, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2025,2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Engine Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Fuel Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Engine Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Fuel Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Engine Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Fuel Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Engine Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Fuel Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Engine Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Fuel Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Engine Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Fuel Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

7. Competitive Landscape

Briggs & Stratton
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Honda Motor Co. Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Yamaha Motor Co. Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Kawasaki Heavy Industries Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Kohler Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Kubota Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Yanmar Co. Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Generac Holdings Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Lifan Power USA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Mitsubishi Heavy Industries Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Tillotson Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hatz Diesel
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Chongqing Fuchai
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Changchai Co. Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Subaru Industrial Power Products
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
About us