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Small Engine Market Size
- Report ID: GMI7765
- Published Date: Jan 2024
- Report Format: PDF
Small Engine Market Size
Small Engine Market size was valued at USD 8 billion in 2023 and is estimated to expand at 5.2% CAGR from 2024 to 2032. The major factor attributed to drive the market is the outdoor power equipment demand, growth in construction and infrastructure development, and growth in home gardening culture.
As construction activities and infrastructure development continue to surge globally, the demand for small engines in construction equipment such as compactors, concrete mixers, and generators is on the rise. Small engines power essential machinery utilized in various construction applications, contributing to increased sales for manufacturers. The expansion of construction and infrastructure projects necessitates efficient, reliable, and compact power solutions, positioning small engines as crucial components supporting the industry's growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Small Engine Market Size in 2023: | USD 8 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.2% |
| 2032 Value Projection: | USD 12 Billion |
| Historical Data for: | 2018 to 2032 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 279 |
| Segments covered: | Engine Type, Energy Resource, Engine Displacement, Application, and Distribution Channel |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Small Engine Market Scope
