Small gas engines refer to internal combustion engines that have an engine displacement ranging from 20cc to 650cc. The engines have a low power output (less than 30 HP) as compared to other on-road internal combustion engines and are used for general-purpose applications in the construction industry in equipment such as concrete vibrators, concrete screed, water pumps, portable generators, chainsaws, and pressure washers, as well as for gardening activities in equipment such as hedge trimmers, string trimmers, concrete vibrators, concrete screed, edgers, earth augurs, lawnmowers, snow blowers, and rotary tillers.
The small gas engines market is highly competitive with a large number of manufacturers, especially in China and Japan. This segment highlights the key strategies adopted by companies to expand their global market share in recent years. The key strategies followed by the companies included new product launches, expansions, mergers & acquisitions, and awards and recognitions.
Vendors who fall into this category receive high scores for most evaluation criteria. They have a strong and established product portfolio, strong market presence, and strong business strategies.
They are established vendors with very strong business strategies such as mergers & acquisitions. However, they lack in a focused product portfolio. They focus on strategies to expand their business for their specific products.
Innovators are vendors that have demonstrated substantial product innovations as compared to their competitors. They have very focused product portfolio. However, they have a moderate growth strategy for their business in this market.
They are vendors with niche product offerings and are starting to gain traction in the market. They do not have strong business strategies when compared to other established vendors. They might be new entrants in the market and may require some time before gaining a significant position in the market. Small gas engines market has been segmented, based on their end-use, into gardening, construction, and industrial. End-use refers to the usage of small gas engines to power equipment to be used in gardening, construction, or industrial applications. The gardening segment of the global small gas engines market, by end-use is the largest segment. The segment refers to application of small gas engines to power gardening equipment such as lawn mowers, string trimmers, hedge trimmers, brush cutters, rotary tillers, leaf blowers, edger, earth auger, and water pump among others. The construction segment is the second largest segment of small gas engines market, by end-use. Various equipment such as concrete vibrators, concrete screed, chainsaw, cement mixer and brick cutter are considered in this segment. This segment is driven by investments in infrastructure in North America and Europe, as well as by the housing industry recovery in the U.S. The industrial application of small gas engines is mainly to power equipment such as portable generators, pressure washers, snow blowers, and water pump. This segment is the third largest segment for small gas engines, by end-use.