Small Engine Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Diesel Engines and Gasoline Engines), By Application (Agricultural Equipment, Gardening Equipment, Construction Equipment, and Others), and Region Forecast 2020-2031

Small Engine Market size was valued at US$ 3.5 billion in 2024 and is expected to reach US$ 5.0 billion by 2031, growing at a significant CAGR of 5.4% from 2025-2031. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the global market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. In the small engine sector, product development and innovation are an unavoidable tendency. With only a few manufacturers dominating the market, other manufacturers, primarily in China, are ready to produce small engines that are more productive and efficient.

Government rules governing the hazardous emissions produced by tiny engines are also pressuring manufacturers to increase the efficiency of small engines in accordance with industry standards. Changing weather conditions often have a negative impact on the small-engine gardening and landscaping business. Flowering is slowed by a long stretch of winter weather in the United States, which prevents the purchase of gardening equipment and, as a result, small engines. Furthermore, the trend in the small engine industry linked with the creation and maintenance of sports grounds' garden areas necessitates the use of progressively higher-grade small engines.

Key Developments

• In August 2024, Briggs & Stratton announced the production launch of the Vanguard 300 single-cylinder horizontal shaft engine. With a 307cc displacement and 10.0 Gross HP, the engine is designed to deliver superior performance, rugged power, and reduced maintenance, resulting in a lower total cost of ownership. The introduction of the 307cc option expands Vanguard’s single-cylinder lineup, enabling original equipment manufacturers (OEMs) to power their entire product range with a single engine brand.
• In July 2024, Kratos Defense & Security Solutions, Inc., a technology company specializing in defense, national security, and global markets, announced that GE Aerospace and Kratos Turbine Technologies, a division of Kratos, had signed a Memorandum of Understanding to collaborate on the development and production of small, affordable engines. These engines are intended for potential use in unmanned aerial systems (UAS), collaborative combat aircraft, and similar applications.
• In June 2023, Rolls-Royce announced the upcoming testing of its newly developed small gas turbine designed specifically to power hybrid-electric flight. The engine is part of a turbogenerator system being developed for the Advanced Air Mobility market, including electric vertical take-off and landing (eVTOL) aircraft for Urban Air Mobility, as well as commuter aircraft applications with up to 19 seats.