Rapid technological innovations and stringent compliance with government regulations for the usage of saw machines are expected to drive the global chainsaw market
Advancements in technology and the introduction of green chainsaws are expected to open new products opportunities for vendors in the worldwide chainsaw market. The increased use of wood in furniture manufacturing, pulp production, and for house construction activities is expected to propel the demand. Further, the market is likely to witness considerable growth during the forecast period due to the increased demand from sectors such as construction. The increased emphasis of professional as well as semi-professional workers toward the adoption of safety guidelines to prevent injuries and mishaps is driving the market further.
Vendors are also incorporating new application technology and offering services such as lawn aeration, tree and shrub care, and insect and disease control as bundled services for the more streamlined buying experience. Further, landscape and lawn care service providers are incorporating features such as route optimization technology, geo-measuring, mobile irrigation system controllers, and ride-on equipment to increase their market presence and revenue share. Rapid technological innovations, along with stringent government regulations for the usage of these products in few regions are expected to drive the global chainsaw market in the future. The global chainsaw market is expected to reach around $5 billion, growing at a CAGR of approximately 5% during 2018–2024.
CHAINSAW MARKET: DYNAMICS
The shift toward adopting eco-friendly products is expected to gain momentum during the forecast period
Nowadays, consumers are focusing on choosing a sustainable lifestyle, which can be attributed to the growing awareness toward the preservation of environmental resources and integration of the ecosystem. Further, the vendors are opting for the production and expansion of their product line-up that meets technological innovation and environmental regulations. With the introduction of lightweight chainsaws, operators tend to offer more flexibility to perform tougher and challenging pruning jobs. As major market players are emphasizing on eco-friendly tools, the introduction of battery-powered, fuel-efficient, and powerful outdoor equipment is becoming a norm rather than an exception. To achieve sustainability in the global chainsaw market, mains-powered and battery chainsaw are the most preferred choices among consumers. Batteries with higher values such as NiMH and Li-ion are the preferred choices and have allowed manufacturers to develop powerful cordless chainsaws. Eco-friendly products are ideal for small and medium-sized application areas. The shifting toward the adoption of eco-friendly products is expected to gain momentum over the forecast period, thereby positively impacting the overall sales.
CHAINSAW MARKET: PRODUCT
Makita’s UC4051A electric chainsaw is one of the powerful, efficient, and productive devices, which is gaining traction in the global market
Gas-powered, electric-powered, and battery-powered are the three major products in the global chainsaw market. The gas-powered segment has dominated the market and is expected to grow at a CAGR of 5% during the forecast period. Gas-powered chainsaws can efficiently perform heavyweight jobs such as cutting trees. Further, the reduction in energy prices is driving the demand for gas-powered chainsaws. The presence of high horsepower and torque capacity increases the efficiency of gas-powered saws.
Electric types are the second most popular models, and this segment is expected to witness increased applications from agricultural and residential sectors. There are two types of electric chainsaw equipment - cordless and corded. The cordless chainsaws are powered with the help of a rechargeable battery. The corded electric chainsaws are attached to the power supply with the help of a cord and a proper lead. Simplified starting mechanism, low maintenance, reduced noise levels, and decreased cost are major factors responsible for the growth of this segment.
CHAINSAW MARKET: END-USER
Gas-powered products are witnessing substantial adoption in the commercial application segment
Residential and commercial sectors are the two significant end-users of the global chainsaw market. The commercial end-user segment has occupied a considerable portion of the global market and is growing at a CAGR of close to 5% during the forecast period. The usage varies from lightweight to medium to heavy-duty activities in the commercial sector.
Gas-powered products are increasingly witnessing substantial adoption in the commercial application segment. Further, for performing heavy-duty industrial activities such as farming, logging, extensive firewood cutting, and land clearing services, professionals opt for gas-powered chainsaw as they are an ideal choice for them.
Electric chainsaws, on the other hand, are witnessing demand from the residential sector due to the rise in nurturing or redesigning of trees and shrubs. These electric types are an ideal choice for the pruning of tree branches. Hence, vendors are emphasizing on introducing electrical products, which are easy to handle and operate for professionals. Further, with the increasing popularity of these electric products, manufacturers are focusing on the implementation of user-friendly features such as self-tightening chains as well as automatic oiling options.
CHAINSAW MARKET: GEOGRAPHY
Improved mechanization techniques and augmented demand by commercial end-user have fostered North America’s chainsaw market
The global market by geography is classified into North America, Europe, APAC, Latin America, and MEA. North America was the largest market in 2018 and is expected to grow at a CAGR of around 5% during the forecast period. Factors such as favorable fixed investment climate, improved mechanization techniques, coupled with the expansion of the commercial market have played a significant role in the multi-dimensional growth of the chainsaw market in North America.
Europe is the second largest consumer. The demand for battery chainsaw is experiencing a significant rise in the European market. Nowadays, consumers prefer the adoption of eco-friendly products. Hence, vendors are emphasizing on sustainability, which is the most significant step toward reducing CO2 emissions. They are also focusing on new technologies, along with the optimization of production processes.
China, Japan, Australia, and India are leading the APAC region. The market in APAC is expected to witness considerable market growth. China and Japan are considered as the most mature chainsaw market in the APAC region. Upgrading the existing technology, along with increasing the equipment appeal is expected to boost the demand in the global market.
KEY VENDOR ANALYSIS
The global chainsaw market is fragmented due to the presence of several global and local players. To provide a smooth user-experience, most players in the market offer a wide range of forest, construction, and garden equipment. Vendors are developing awareness about eco-friendly tools, which is driving their sales worldwide. The report profiles leading players in the market and provide a complete value chain analysis of the global chainsaw market. The major vendors in the global market are Blount International, Husqvarna, Robert Bosch, STIGA, STIHL.
The global chainsaw market research report
includes in-depth coverage of the industry analysis with revenue and forecast
insights for the following segments:
- North America
- Latin America