PUBLISHER: The Business Research Company | PRODUCT CODE: 1414099
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414099
“Chainsaws Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on chainsaws market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for chainsaws? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The chainsaws market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A chainsaw is a portable mechanical cutting tool powered by gasoline, electricity, or a battery. It comprises a small two-stroke engine or electric motor, a chain equipped with cutting teeth, and a guide bar that provides stability during wood or material cutting. Chainsaws find widespread use in activities such as tree felling, limb removal, pruning, firewood cutting, carving, and various applications.
Chainsaw products are categorized into gas-powered, electric-corded, and cordless types. Gas-powered chainsaws run on gasoline or petroleum-based fuels, making them suitable for outdoor tasks such as tree cutting and forestry work. These chainsaws come in different bar length sizes, including below 16 inches, 16-18 inches, and above 18 inches. They are available through both online and offline channels, serving commercial and residential purposes such as tree felling, bucking, pruning, wood carving, ice sculpture, construction, and more.
The chainsaw market research report is one of a series of new reports from The Business Research Company that provides chainsaw market statistics, including chainsaw industry global market size, regional shares, competitors with a chainsaw market share, detailed chainsaw market segments, market trends and opportunities, and any further data you may need to thrive in the chainsaw industry. This chainsaw market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The chainsaws market size has grown strongly in recent years. It will grow from $4.31 billion in 2023 to $4.73 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth observed in the historical period is attributable to factors such as rural and urban landscaping activities, fluctuations in raw material costs, the homeowner and do-it-yourself (DIY) market, industrial and commercial utilization, and user preferences.
The chainsaws market size is expected to see rapid growth in the next few years. It will grow to $7.07 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The anticipated growth in the forecast period can be attributed to various factors, including the dynamics of the supply chain, the emergence of new user segments, prevailing economic trends, market expansion initiatives, and adherence to regulatory compliance. Noteworthy trends expected during the forecast period encompass environmental regulations, a focus on user safety and ergonomics, the rise of battery-powered chainsaws, increased market competition, and heightened demand from professional users.
The anticipated growth in the chainsaw market is expected to be fueled by the escalating rate of deforestation. Deforestation, involving the removal of trees for agricultural, urban, or resource extraction purposes, has seen a significant surge. Chainsaws play a crucial role in deforestation activities, facilitating the swift and efficient felling of trees to clear land. A report by Global Forest Watch in November 2023 highlighted a notable increase in deforestation in the United States, with 46.5 million hectares of tree cover lost from 2001 to 2022, resulting in a 17% decrease in overall tree cover since 2000. This alarming trend underscores the environmental impact of heightened deforestation, contributing to 18.0 gigatons of CO2e emissions. Consequently, the chainsaw market is poised for growth as deforestation rates continue to rise.
The chainsaw market is expected to witness growth driven by increased construction spending. Construction spending, representing the total investment in structures and infrastructure within a specific timeframe and geographic area, plays a pivotal role in driving demand for chainsaws. Chainsaws offer a cost-effective and versatile solution for cutting and shaping materials in various construction applications. In October 2023, the United States Census Bureau reported a substantial increase in total construction spending, reaching an estimated seasonally adjusted annual rate of $2,027.1 billion, marking a 0.6% growth compared to the revised September estimate. This growth is indicative of heightened demand for chainsaws in infrastructure development, residential construction, and manufacturing facilities. Thus, increased construction spending is set to propel the growth of the chainsaw market.
The chainsaw market is witnessing a notable trend with the introduction of innovative models featuring advanced technology. Companies in the chainsaw market are incorporating cutting-edge features into new models to maintain their competitive positions. In May 2023, Husqvarna Group, an industrial equipment company based in Sweden, launched the T540 XP Mark III, a professional-grade chainsaw catering to tree care professionals and arborists. This model is equipped with Auto-Tune 3.0 technology, providing simple start capabilities and ensuring optimal performance even in challenging conditions. The innovative features, including the X-Torq engine design and LowVib technology, enhance power output and reduce handling vibration, contributing to a more efficient user experience in forestry and related industries.
Major companies in the chainsaw market are strategically focusing on product innovations, particularly in the realm of new gas chainsaws, to gain a competitive edge. Modern gas chainsaws are characterized by enhanced efficiency and user-friendly features, offering improved performance in cutting and felling trees. In May 2023, ECHO Incorporated, a US-based outdoor power equipment manufacturer, introduced four new gas chainsaws to their lineup. Notable features include the stratified 2-stroke engine in the ECHO CS-4920, delivering lower emissions and powerful performance. The ECHO CS-4010, designed for homeowners, emphasizes reduced starting effort, lighter weight, and increased power, aligning with evolving consumer demands in the chainsaw market. Echo's commitment to innovation is evident in these advancements, ensuring their tools meet and exceed the dynamic needs of users.
In December 2021, Stanley Black & Decker Inc., a US-based manufacturing company specializing in tools, hardware, and security solutions, completed the acquisition of MTD Holdings Inc. for $1.6 billion. This strategic move positions Stanley Black & Decker Inc. to become a global leader in the outdoor products market, expanding its portfolio in lawn and garden equipment. MTD Holdings Inc., a mass-market manufacturer based in the US, adds outdoor power equipment, including chainsaws, to Stanley Black & Decker Inc.'s offerings. This acquisition demonstrates the company's commitment to diversifying its product range and strengthening its position in the chainsaw market.
Major companies operating in the chainsaws market report are Husqvarna AB, Robert Bosch GmbH, Makita Corporation, Andreas Stihl AG & Co. KG, Zhejiang Zomax Garden Machinery Co. Ltd., Stanley Black & Decker Inc., Remington Power Tools Inc., Oregon Tool Inc., Craftsman, TTI Inc., Echo Incorporated, Briggs & Stratton Corporation, Hitachi Ltd., Blount International Inc., QV Tools LLC, STIHL Inc., DEWALT, EGO Power+, Greenworks Tools, Milwaukee Electric Tool Corporation, Tanaka Power Equipment, WORX Tools, Blue Max, Earthwise, Efco, Homelite, Solo Incorporated, Tanaka, Troy-Bilt, Victa Lawncare Pty Ltd
North America was the largest region in the chainsaws market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global chainsaws market report during the forecast period. The regions covered in the chainsaws market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the chainsaws market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The chainsaw market consists of sales of manual chainsaws, pole saws, mini chainsaws, and rescue chainsaws. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.