Global Small Engine market will reach 14.04 billion USD by the end of 2025

Publisher: QYResearch
Published Date: 2019/9/10

In the last several years, global market of Small Engine developed smoothly, with an average growth rate of 3.71%. In 2018, global revenue of Small Engine is nearly 10525 M USD; the actual sales is about 31396 K Unit.

The growth of this market is driven by the increasing demand for gardening, agriculture and construction general power equipment. The Small Engine market is projected to grow at a CAGR of 4.21% from 2019 to 2025, from a market size of USD 10.53 billion in 2018 to USD 14.04 billion by 2025.

The global average price of Small Engine is in the decreasing trend, from 363 USD/Unit in 2013 to 335 USD/Unit in 2018. With the situation of global economy, prices will be in decreasing trend in the following several years.

The classification of Small Engine includes gasoline engine and diesel engine. Diesel engine accounted for the largest share, about 55% of the overall Small Engine market, based on fuel type, in 2018. The diesel engine is a generally used in the machinery and equipment equipped with large power.

North America is expected to be the largest market with market share of 32.65% in 2018 for Small Engine during the forecast period. The Small Engine market in this region is primarily driven by the developed garden and forest industry. Following North America, Europe is the second largest market with share of 30.09% in 2018. While the Asia Pacific is projected to lead the global market for fermenters in terms of growth rate.

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