Small Engine Market Insights Video

According to Cognitive Market Research, in 2023, The Global Small Engine Market boasts a size of USD 7.1 billion and is poised to exhibit a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030.

• The small engine market thrives on the demand for outdoor power equipment like lawnmowers and leaf blowers, driven by the need for effective lawn care in residential areas, spurring constant innovation by manufacturers. 
• Internal petrol combustion lead the small engine market, blending combustion power with electric technology for improved fuel efficiency and reduced emissions, meeting the growing demand for eco-friendly options.
• The commercial segment led the small engine market in 2023.
• North America will continue to lead and experience the strongest growth, whereas Asia Pacific is expected to be the most rapidly growing region in the forecast period.