Shifting preference of consumers for eco-friendly products is a factor expected to bolster the global chainsaw market growth
Arizton’s recent market research report on the global chainsaw market identifies STIHL, Husqvarna Group, Blount International, Robert Bosch, and STIGA as the leading vendors that are likely to dominate the market during the forecast period. This research report provides detailed market segmentation by product types (gas-powered, electric-powered, and battery-powered chainsaw), end-user types (commercial users and residential users), and geography (APAC, Europe, North America, Latin America, MEA). This report provides a comprehensive trend forecast and industry and competitive analysis. The research report offers market share analysis in terms of volume (million units) during the forecast period.
The global chainsaw market is expected to reach over $4.5 billion by 2024, growing at a CAGR of around 5% during 2018–2024.
The ongoing mechanization of several forestry applications and the growing demand for wood to be used as fuel, furniture, pulp, and in house and residential construction activities are expected to propel the demand for forest equipment such as chainsaws. However, the focus on increasing the greenbelt cover and afforestation is expected to negatively impact market growth of chainsaws during the forecast period.
Electric-powered chainsaws to witness lucrative growth during the forecast period
Consumers focus on purchasing more lightweight electric chainsaw than powerful professional forestry chainsaws in the forestry and agricultural sectors. Pruning and trimming around the yard area and cutting of smaller-sized branches of trees are the key application segments catered by electric chainsaws. The electric chainsaw segment is expected to grow at a CAGR of over 5% during 2018-2024. Electric chainsaws offered by Makita such as Makita UC4051A electric chainsaws are more powerful and weigh low than its counterparts, thereby proving to efficient and productive. Also, this model generates less noise than other models.
The commercial sector is expected to be the largest growing segment in the global chainsaw market
The commercial sector is expected to have incremental growth during the forecast period and is likely to grow at a CAGR of 5%. Shifting preference of consumers for eco-friendly products is a factor expected to bolster market growth. The commercial sector occupies more than half of the market in terms of revenue and shipment. The commercial usage of chainsaws is expected to vary from lightweight to medium to heavy-duty activities. Gas-powered chainsaws have increasingly seen substantial adoption in the commercial application segments. Growth opportunities in North America are mainly attributed to the development in the product line-up, such as greater efficiency, power, battery run-time, ergonomics coupled with the expansion of the commercial market.
The North America market to experience the highest incremental growth during the forecast period
North America was the largest segment of the global chainsaw market, accounting for a market share of over 40% in terms of revenue in 2018. Factors such as favorable fixed investment climate along with the acceleration in economic activities are expected to play a significant role in impacting the forest equipment demand in North America. The forest equipment market is expected to witness increasing demand due to factors such as rebound in the production of roundwood, increase in mechanization techniques, and introduction of emission standards in North America. The tropical cyclone in the North American region is expected to affect the entire region along with the Gulf Coasts. Chainsaws prove to be useful in such conditions to clear the trees fallen due to cyclonic or hurricane conditions. Vendors use latest and advanced technologies emission-free chainsaws, turbo air cleaning, vibration damping, and chain brake that reduce hassles and maintenance challenges.
A few other prominent vendors in the global chainsaw market are Makita Corp., MTD Products, Yamabiko Corp., The Toro Company, EMAK, Techtronic Industries, Stanley Black & Decker, Globe Tools Group, Zomax GROUP, SUMEC, WEN Products, AL-KO KOBER, Snow Joe, Hitachi Power Tools, Lowe’s Companies (Kobalt) , Pellenc, Einhell Germany, Generac Power Systems Inc., Positec Tool, Active, Chervon, Cobra, Rochford Garden Machinery, Talon Tough Tools, and R&R Products.
The complete overview of the latest market research report on the global chainsaw market by Arizton is now available.
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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