Chainsaw Market
Chainsaw Market - Global Industry Assessment & Forecast
Segments Covered
- By Product Gasoline-Powered, Gas-Powered, Electric-Powered
- By Application Residential, Commercial
- By Region North America, Europe, Asia Pacific, Latin America, Middle east & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 3240.2 Million |
Revenue 2030: | USD 4327.94 Million |
Revenue CAGR (2023 - 2030): | 3.7% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
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The global Chainsaw Market is valued at USD 3240.2 Million in 2022 and is projected to reach a value of USD 4327.94 Million by 2030 at a CAGR (Compound Annual Growth Rate) of 3.7% between 2023 and 2030.
Premium Insights
The Chainsaw market is driven by various factors such as the increasing global demand for wood and wood-based products, which is due to population growth, urbanization, and higher disposable incomes. This has led to a greater need for Chainsaws in forestry and lumber harvesting. The construction industry is also expanding, due to infrastructure development, which has resulted in a greater demand for Chainsaws in construction and demolition applications. Additionally, the popularity of landscaping and tree care services is on the rise, due to factors such as growing homeownership and disposable incomes, which has increased the demand for Chainsaws in these areas.
Chainsaw Market Size, 2022 To 2030 (USD Million)
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- The rising popularity of DIY home improvement projects also amplifies the need for Chainsaws in residential applications like tree trimming and land clearing
- North America generated more than 33.2% of revenue share in 2022
- Asia Pacific is expected to grow at the quickest rate from 2023 to 2030
- Gasoline-powered segment accounted for the largest market growth 52.2% in 2022 due to its unmatched power, convenience, and adaptability for heavy-duty tasks in forestry, construction, and landscaping applications
- Commercial segment accounts for the most significant market share of 62.3% in 2022
Economic Insights
The Chainsaw market is affected by various factors include broader economic trends like construction activities, infrastructure development, and overall economic growth. During periods of economic expansion, the demand for Chainsaws increases due to more construction projects in both professional and DIY settings. On the other hand, during economic downturns, there is a decrease in construction and landscaping activities, which affects the market. Fluctuations in raw material prices, particularly those related to manufacturing components and fuel, also contribute to economic considerations in the Chainsaw industry. The market's sensitivity to economic indicators emphasizes the need to monitor macroeconomic trends in order to predict shifts in demand and adjust strategies accordingly within the Chainsaw industry.
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Top Market Trends
- Technological Advancements in Chainsaw Design: Chainsaw companies lead the way in innovative technology, continuously introducing state-of-the-art features to enhance performance and user satisfaction. Notable advancements incorporate brushless motors, which improve efficiency and minimize noise, along with lithium-ion batteries that provide a lighter weight and longer-lasting power.
- Growing Demand For Cordless and Electric Chainsaws: The popularity of cordless and electric Chainsaws is on the rise due to their convenience and eco-friendliness compared to gas-powered Chainsaws. Homeowners, especially those who use a Chainsaw infrequently, favor cordless models since they eliminate the need for fuel or oil.
- Increased Online Sales and E-commerce: The increasing number of consumers who buy Chainsaws online is made easier by e-commerce platforms. Online sales channels offer convenience, a broad selection of products, and the ability to read customer reviews.
- Focus on Ergonomics and User Safety: To enhance user comfort and reduce the likelihood of accidents, manufacturers are increasingly prioritizing the development of Chainsaws that have improved ergonomics and safety features.
Market Segmentation
Chainsaw The global Chainsaw market can be categorized into Product , Application , Region. The Chainsaw market can be categorized into Gasoline-Powered, Gas-Powered, Electric-Powered based on Product . The Chainsaw market can be categorized into Residential, Commercial based on Application . The Chainsaw market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle east & Africa based on Region.
Based on Product
Gasoline-powered holds the largest share
Gasoline-powered hold the largest share in the Chainsaw market. One main factor is their unmatched power and performance, which makes them ideal for tough tasks such as tree felling, bucking, and forestry work. Their convenience is also commendable as they do not require an external power source, allowing them to be used anywhere. Gasoline models provide a wider range of operation, giving users the freedom to work in remote areas or places with limited power availability. This adaptability is especially beneficial in professional forestry and agricultural settings.
Based on Application
Commercial will account for largest market share
The Chainsaw market is dominated by commercial applications driven by factors such as increasing demands for lumber and wood products due to population growth, urbanization, and rising incomes. The rising need for Chainsaws in forestry and lumber harvesting is expected to be fueled by this heightened demand. Moreover, the growth of the construction industry, influenced by population growth, urbanization, and infrastructure development, will further increase the demand for Chainsaws in construction and demolition. Additionally, the expanding market for landscaping and tree care services, resulting from the rise in homeownership and disposable incomes, is anticipated to boost the demand for Chainsaws in landscaping and tree care applications.
Based on Region
North America will lead the market
The Chainsaw market in the North America region is set to dominated in 2022. The region's high consumption of wooden resources, particularly in construction and furniture industries, creates a need for Chainsaws in tasks like tree felling and wood cutting. The growing popularity of DIY home improvement projects also contributes to the increased demand for Chainsaws in activities like tree trimming, land clearing, and firewood cutting. Additionally, the region's role as a center for technological advancements places North American Chainsaw manufacturers at the forefront, consistently introducing improved models with enhanced features and performance.
Competitive Landscape
The Chainsaw market is highly competitive including regional players and emerging entrants who bring unique products or specialized knowledge. Industry players frequently undertake strategic measures such as product innovations, mergers, acquisitions, and partnerships to stay ahead. Various factors, including technological advancements, environmental standards, product durability, and pricing strategies, influence the competition. Moreover, sustainability, user safety, and compliance with regulations are becoming increasingly important, shaping the competitive landscape within the Chainsaw industry as it evolves.
The players in the global Chainsaw market include Husqvarna AB, Yamabiko Corp., SUMEC Group Corporation, STIGA S.p.A., The Toro Co., Hitachi Ltd., Makita, Emak SPA, Talon Tough Tools, Robert Bosch GmbH, Einhell Germany, Blount International Inc., Stanley Black & Decker Inc., ANDREAS STIHL LIMITED, Rochford Garden Machinery, AL-KO Kober. among others.
Recent Market Developments
- 2022: Husqvarna, a Swedish company known for producing machinery for forestry, farming, and gardening, has informed its distributors across the globe about the release of its highly anticipated Chainsaws, the Husqvarna 592 XP® and 585, which have a power capacity of 90cc.
Segmentation of the Global Chainsaw Market
Parameter | Details |
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Segments Covered |
By Product
By Application
By Region
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Regions & Countries Covered |
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Companies Covered |
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Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Pricing and purchase options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
FAQ
Frequently Asked Question
What is the global demand for Chainsaw in terms of revenue?
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The global Chainsaw valued at USD 3240.2 Million in 2022 and is expected to reach USD 4327.94 Million in 2030 growing at a CAGR of 3.7%.
Which are the prominent players in the market?
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The prominent players in the market are Husqvarna AB, Yamabiko Corp., SUMEC Group Corporation, STIGA S.p.A., The Toro Co., Hitachi Ltd., Makita, Emak SPA, Talon Tough Tools, Robert Bosch GmbH, Einhell Germany, Blount International Inc., Stanley Black & Decker Inc., ANDREAS STIHL LIMITED, Rochford Garden Machinery, AL-KO Kober..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 3.7% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Chainsaw include
- Demand for wood products
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Chainsaw in 2022.