What is the global market size of Gasoline Gensets Market?

Gasoline Gensets Market size was valued at USD 112 Billion in 2023 and is poised to grow from USD 125.44 Billion in 2024 to USD 310.59 Billion by 2032, growing at a CAGR of 12% during the forecast period (2025-2032).

Who are the key vendors in the Gasoline Gensets Market?

The competitive landscape of the gasoline gensets market is characterized by intense rivalry among key players vying for market share. Companies are focusing on innovation to develop more efficient and environmentally friendly genset solutions. 'Kirloskar (India)', 'Cummins (US)', 'Briggs & Stratton (US)', 'Kohler Co. (US)', 'Generac Power Systems (US)', 'Caterpillar (US)', 'Atlas Copco AB (Sweden)', 'Honda Motor Co. (Japan)', 'Champion Power Equipment (US)', 'Deere & Company (US)', 'Wacker Neuson SE (Germany)', 'Yamaha Motor Co. (Japan)', 'DuroMax Power Equipment (US)', 'JET POWER (China)', 'Honeywell International (US)'

Top Gasoline Gensets Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Gasoline Gensets Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Gasoline Gensets industry players.

Gasoline Gensets Market Competitive Landscape

Additionally, partnerships and strategic collaborations with suppliers, distributors, and service providers are common strategies to expand market reach and enhance customer support. The market also sees new entrants offering niche products and services to cater to specific end-user needs.

Customer-centric approaches, such as offering comprehensive maintenance and after-sales services, play a pivotal role in maintaining a competitive edge. With the market's continued growth potential, competition is expected to remain robust in the foreseeable future.

Top Players in Gasoline Gensets Market

Honda Motor Co., Ltd. (Japan)
Yamaha Motor Co., Ltd. (Japan)
Generac Holdings Inc. (USA)
Briggs & Stratton Corporation (USA)
Kohler Co. (USA)
Cummins Inc. (USA)
Caterpillar Inc. (USA)
Atlas Copco AB (Sweden)
Wacker Neuson SE (Germany)
Hyundai Power Equipment (South Korea)
Champion Power Equipment, Inc. (USA)
Westinghouse Electric Corporation (USA)
Honeywell International Inc. (USA)
Subaru Corporation (Japan)
Loncin Motor Co., Ltd. (China)
Lifan Industry (Group) Co., Ltd. (China)
Jiangsu Jiangdong Group (China)
Pramac S.p.A. (Italy)
SDMO Industries (France)
Himoinsa S.L. (Spain)

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FAQs

Global Gasoline Gensets Market size was valued at USD 6.61 Billion in 2024 and is poised to grow from USD 6.92 Billion in 2025 to USD 9.99 Billion by 2033, growing at a CAGR of 4.7% during the forecast period (2026–2033).

The competitive landscape of the gasoline gensets market is characterized by intense rivalry among key players vying for market share. Companies are focusing on innovation to develop more efficient and environmentally friendly genset solutions. 'Honda Motor Co., Ltd. (Japan) ', 'Yamaha Motor Co., Ltd. (Japan) ', 'Generac Holdings Inc. (USA) ', 'Briggs & Stratton Corporation (USA) ', 'Kohler Co. (USA) ', 'Cummins Inc. (USA) ', 'Caterpillar Inc. (USA) ', 'Atlas Copco AB (Sweden) ', 'Wacker Neuson SE (Germany) ', 'Hyundai Power Equipment (South Korea) ', 'Champion Power Equipment, Inc. (USA) ', 'Westinghouse Electric Corporation (USA) ', 'Honeywell International Inc. (USA) ', 'Subaru Corporation (Japan) ', 'Loncin Motor Co., Ltd. (China) ', 'Lifan Industry (Group) Co., Ltd. (China) ', 'Jiangsu Jiangdong Group (China) ', 'Pramac S.p.A. (Italy) ', 'SDMO Industries (France) ', 'Himoinsa S.L. (Spain)'

One major driver in the gasoline gensets market is the increasing frequency and duration of power outages worldwide. Factors such as extreme weather events, aging grid infrastructure, and the need for uninterrupted power supply in critical applications like healthcare and data centers are compelling businesses and households to invest in gasoline gensets as reliable backup power sources.

Decentralized Energy Generation: One major key market trend is the shift towards decentralized energy generation. Increasingly, businesses and homeowners are adopting gasoline gensets and other distributed energy resources to reduce their reliance on centralized grids and ensure reliable power supply. This trend is driven by the desire for energy independence, greater resilience against grid failures, and the availability of advanced genset technologies that offer efficient, cleaner, and quieter power generation solutions. As the world embraces decentralized energy, gasoline gensets are playing a crucial role in this evolving energy landscape.

North America is currently dominating the gasoline gensets market. This dominance is primarily driven by the widespread adoption of backup power solutions, particularly in the United States and Canada. The reliability of gasoline gensets during extreme weather events, coupled with the need for continuous power in residential, commercial, and industrial settings, has fueled their prominence in the region.

Top Gasoline Gensets Companies

Gasoline Gensets Market Competitive Landscape

Top Players in Gasoline Gensets Market

FAQs

What is the global market size of Gasoline Gensets Market?

Who are the key vendors in the Gasoline Gensets Market?

What is the key driver of Gasoline Gensets Market?

What is the key market trend for Gasoline Gensets Market?

Which region accounted for the largest share in Gasoline Gensets Market?

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