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Small Engine Market Trends

Report ID: GMI7765
Published Date: Jan 2024
Report Format: PDF

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Small Engine Market Trends

A notable market trend in the small engine industry is the increasing integration of smart technologies and digital solutions. Small engine manufacturers are incorporating digital advancements such as electronic controls, sensors, and connectivity features into their products. This trend aligns with the broader industry shift towards automation, remote monitoring, and data-driven insights. Smart small engines offer benefits such as improved performance optimization, real-time diagnostics, and enhanced fuel efficiency. As Applications seek more sophisticated and connected solutions, the integration of smart technologies is becoming a distinguishing factor for manufacturers in the competitive market.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of small engine reached USD 8 billion in 2023 and is set to record USD 12 billion by the end of 2032, due to the robust growth in construction and infrastructure development along with the rising popularity of home gardening culture.

The horizontal engine type segment held 52.3% of the small engine industry share in 2023, owing to their versatility and widespread applications.

The diesel energy resources segment recorded 36% of the market share in 2023, attributed to its widespread use in various small engine applications, particularly in industrial and heavy-duty equipment.

Asia Pacific market size is expected to witness 6.4% CAGR from 2024 to 2032, driven by the rapid industrialization and urbanization in the region.