Construction Sector to Drive The Global Chainsaw Market
Arizton’s recent market research report on the global chainsaw market provides a comprehensive industry and competitive analysis and trend forecasts. The research study segments the market into product types (gas-powered, electric-powered, and battery-powered chainsaw), end-user type (commercial and residential), and geography (APAC, Europe, North America, Latin America, MEA). The research report offers the market share analysis in terms of volume (million units) during the forecast period.
The global chainsaw market is expected to reach over $4 billion by 2024, growing at a CAGR of around 5% during 2018–2024.
Vendors are striving to manufacture efficient battery-powered chainsaws at affordable prices to meet the intensely competitive environment. Advances in battery technologies, including improved performance and better prices of lead-acid and lithium-ion rechargeable battery packs, have allowed manufacturers to develop high-quality battery-powered chainsaws.
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The leading three drivers and trends driving the global chainsaw market are discussed below:
Increasing Technological Innovations in the Chainsaw Market
Increasing technological innovations are expected to enable manufacturers to offer models that are lightweight, safe, low noise and vibration and maximized efficiency. Lightweight chainsaws tend to offer more flexibility for performing tougher and challenging pruning tasks. Husqvarna, a Sweden-based leading chainsaw manufacturer, launched ‘Husqvarna 572 XP’ in 2017; this launch is expected to gear chainsaws with enhanced reliability, durability, and productivity. The company is expected to increase the use of new technical solutions, which include digital prototyping and sensor-based data collection. Husqvarna 572 XP is equipped with in-house designed highly durable and ready-to-use chains, X-CUT C85, thereby further optimizing the cutting experience.
A few other new technologies by Husqvarna are X-TORQ engine design (which increases the torque over a broader range of RPM, thereby offering fewer emissions and increased cutting power); E-Tech II (reduced emissions); and AutoTune(a computerized carburetor to adjust fuel mix). With the increasing innovation, coupled with several technological advancements, the demand for chainsaw equipment is expected to witness significant growth over the forecast period.
Read: Fall Protection Equipment Market - Global Outlook and Forecast 2020-2025
Construction Sector To Push Demand for Chainsaw Equipment
The global construction industry, which is buoyed by China and other emerging countries, is expected to witness increasing demand for chainsaws with a growth rate of approximately 3.6% over the forecast period. The expansion in the construction sector is expected to propel the demand for chainsaws among professional as well as residential users. As construction activities rise, the use of timber as a construction material is likely to witness a significant rise in demand. Chainsaws have profound usage in wood cutting applications such as felling, cutting, and cutting off firebreaks in wildland fire suppression, thereby favorably impacting the demand in the construction sector. Chainsaws used in the construction segment are equipped with a different set of safety devices, including guards, chain brakes, and throttle interlocks for optimal working conditions. The increasing construction activities in the housing and residential sector and the growing consumer purchasing power are expected to drive the demand for forest equipment products and chainsaws.
Increasing Adoption of Eco-friendly Products
Manufacturers and landscape professionals are shifting their preferences toward eco-friendly equipment or tools for the garden care segment. Similarly, major vendors are emphasizing on following sustainable and environment-friendly production practices. Therefore, a number of chainsaw vendors are manufacturing chainsaw products, which are battery-powered, fuel-efficient, and powerful. Mains powered and battery-powered chainsaws are the preferred choices for achieving sustainability in the garden equipment. Eco-friendly chainsaws require easy maintenance, tool-less chain tensioning, and the automatic oiler, which keeps the chain and bar lubricated at the time of wood cutting. Shifting preferences of professionals toward eco-friendly products are helping maintain the integrity of the ecosystem, thereby positively impacting the sale of eco-friendly chainsaws.
The complete overview of the latest market research report on the global chainsaw market by Arizton is now available.
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The report offers a detailed study of major trends, drivers, and challenges and provides market sizing and forecasts for major geographical regions.
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