Small Engine Market, By Engine Type (Horizontal Engines and Vertical Engines), By Fuel Type (Gasoline Engines and Diesel Engines), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
Global Small Engine Market is estimated to be valued at US$ 19.34 Bn in 2025 and is expected to reach US$ 24.77 Bn by 2032, growing at a compound annual growth rate (CAGR) of 3.6% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 19.34 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
3.60%
2032 Value Projection:
USD 24.77 Bn
Figure. Small Engine Market Share (%), By Region 2025
The global small engine market is witnessing steady growth owing to rising demand from various end-use industries such as lawn and garden equipment, construction equipment, agricultural machinery, and portable generators. Small engines are lightweight internal combustion engines that run on gasoline or diesel fuel to power equipment for industrial and residential uses. Their compact size and ease of use make them suitable for commercial and domestic applications where large equipment may not be suitable. With growing urbanization and demand for powered equipment for various applications, the small engine market is expected to thrive over the coming years.
Market Dynamics:
The global small engine market is driven by strong demand from the construction and agriculture industries. Rapid infrastructure development activities around the world fuel the construction equipment industry's growth, propelling the demand for small engines in power generators, pressure pumps, and other equipment. Furthermore, increasing mechanization of agricultural processes and the growing global population are augmenting the agriculture sector's demand. However, strict emission norms imposed on fuel-powered engines pose a challenge to market growth. Moreover, high dependency on fossil fuels subjects this market to fuel price volatility risks. On the positive side, technological advancements centered around improving fuel efficiency, reducing emissions, and developing hybrid/electric engines present lucrative opportunities.
Key Features of the Study:
This report provides in-depth analysis of the global small engine market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global small engine market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Briggs & Stratton, Honda Motor Co. Ltd., Yamaha Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Kohler Co., Kubota Corporation, Yanmar Co. Ltd., Generac Holdings Inc., Lifan Power USA, Mitsubishi Heavy Industries Ltd., Tillotson Ltd., Hatz Diesel, Chongqing Fuchai, Changchai Co. Ltd., and Subaru Industrial Power Products
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global small engine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global small engine market
Market Segmentation
Engine Type Insights (Revenue, USD Bn, 2020 - 2032)
Horizontal Engines
Vertical Engines
Fuel Type Insights (Revenue, USD Bn, 2020 - 2032)
Gasoline Engines
Diesel Engines
Regional Insights (Revenue, USD Bn, 2020 - 2032)
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Key Players Insights
Briggs & Stratton
Honda Motor Co. Ltd.
Yamaha Motor Co. Ltd.
Kawasaki Heavy Industries Ltd.
Kohler Co.
Kubota Corporation
Yanmar Co. Ltd.
Generac Holdings Inc.
Lifan Power USA
Mitsubishi Heavy Industries Ltd.
Tillotson Ltd.
Hatz Diesel
Chongqing Fuchai
Changchai Co. Ltd.
Subaru Industrial Power Products
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Small Engine Market, By Engine Type
Global Small Engine Market, By Fuel Type
Global Small Engine Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends
4. Global Small Engine Market, By Engine Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Horizontal Engines
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Vertical Engines
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Small Engine Market, By Fuel Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Gasoline Engines
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Diesel Engines
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Small Engine Market, By Region, 2020 - 2032, Value (USD Bn)
Introduction
Market Share (%) Analysis, 2025,2028 & 2032, Value (USD Bn)