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Small gas engine industry trends herald continued growth

Small gas engine industry trends herald continued growth

(Summary description)The small gas engine market has always been a booming global industry, and current business trends are laying the foundation for another period of sustained growth. In fact, according to the 2018-2023 Global Small Gas Engine Consumer Market Report, the industry is expected to strengthen at a compound annual growth rate of 3.7%, and revenue by 2023 will exceed US$8.6 billion.

Small gas engine industry trends herald continued growth

(Summary description)The small gas engine market has always been a booming global industry, and current business trends are laying the foundation for another period of sustained growth. In fact, according to the 2018-2023 Global Small Gas Engine Consumer Market Report, the industry is expected to strengthen at a compound annual growth rate of 3.7%, and revenue by 2023 will exceed US$8.6 billion.

Information
The small gas engine market has always been a booming global industry, and current business trends are laying the foundation for another period of sustained growth. In fact, according to the 2018-2023 Global Small Gas Engine Consumer Market Report, the industry is expected to strengthen at a compound annual growth rate of 3.7%, and revenue by 2023 will exceed US$8.6 billion.
 
These major trends, combined with technological advancements, have paved the way for small-displacement, low-power internal combustion engines to have a significant impact on global business. Small gas engines are commonly used in lawn mowers, generators, concrete mixers, and other equipment that require independent power sources, and are widely popular in commercial and end-consumer applications. Even if there is competition from comparable equipment with alternative power, the small gas engine market is expected to continue to grow.
 
Equipment leasing spurs growth
 
The construction and gardening industries are the main consumers of small gas engines. With the booming development of these two industries, the demand for small gas engines is also growing. A general trend caused by the expansion of these two industries is a significant increase in equipment rentals to reduce operating costs. Today, landscaping companies, general contractors, and construction companies are using rental tools to meet demand. High-pressure washers, concrete screeds, blowers, generators and other rental equipment reduce overhead, allowing companies to focus on providing services instead of expensive acquisitions.
 
The North American market is booming
 
With the substantial growth of the construction industry in the United States and Canada driving demand, the North American market will lead the global growth trend of small gas engines. The continued demand driven by massive investments in smart and green buildings that require landscaping, as well as the escalating demand for courtyard maintenance by homeowners, will continue to drive this upward trend in the North American market.
 
Small gas engines and battery-powered equipment
 
The small gas engine market is facing increasing competition from battery-powered equipment. Many hand-held tools, such as blowers and wire cutters, are accelerating the use of battery power. Even so, this popularity is largely limited to smaller devices, because the power requirements of large tools exceed the practical application range of battery-powered alternatives. Nevertheless, the small gas engine industry is booming through electronic fuel control (EFC), microprocessor-based ignition systems, and other technological advances.
 
Walbro: Small Gas Engine Professional Edition
 
As a global leader in the small gas engine industry, Walbro is committed to providing the best quality products on the market. For more than sixty years, our customer-centric approach to providing innovative solutions has been the cornerstone of our business.
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