Innovative Report on Chainsaw Market with Global Innovations, Competitive Analysis, New Business Developments and Top Companies – Global Forecast to 2029

Asia-Pacific is the biggest region in terms of geography. The region has two of the top three countries in terms of PPP globally, China and India. There has been increasing commercialization of wood products that fuel the wood industry's growth in the region. Fuelwood and charcoal have been in demand in the past and will continue to see a rise in demand in the coming decades.

Chainsaw is a mobile, mechanical saw that is used for cutting down wood with the help of a set of teeth that are mounted on a rotating chain that runs along a guide bar. Chainsaws have been in uses since that 20th century since the late 1920s. Chain saws find the application by various people such as firefighters, homeowners, woodcutters, construction workers among others. 

Furthermore, as per World Wildlife Fund, trade in the forest products has increased considerably over the last 50 years, specifically in the pulpwood, wood-based panels, sawn timber, boards among other things.  All these factors coupled with rising global temperatures are nudging countries to put a check on rampant deforestation so as to align their national goals with the Paris Climate Treaty. A stringent check on forest wood cutting is likely to create hindrance to the growth of chainsaw market during the assessment period.

The construction sector in U.S is another sector that is a major contributor for the growth of the region. As per the Associated General Contractors of America (AGC), the construction sector created around USD 1.3 Trillion worth of structures every year and employees around 7 million people in U.S alone. Chain saws find extensive application in the construction industry and the growth in the construction industry will directly translate into the growth of the chain saw market during the assessment period.

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The Major Players Covered in this Report:
ANDREAS STIHL
Hitachi
Husqvarna Group
Makita
Stanley Black & Decker
ECHO
Husqvarna
John Deere
MTD
TORO
TTI
Honda
Blount
Craftsman
Global Garden Products
Briggs & Stratton
Stanley Black & Decker
Ariens
Makita
Hitachi
Greenworks
EMAK
ECHO
Brinly
Sun Joe
Zomax
ZHONGJIAN

Chainsaw Market: Segmentation-
By Type
Electric
Gas-powered

By Use
Tree Felling
Bucking
Pruning
Wood Carving
Ice sculpting
Construction
Others

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Chainsaw in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Chainsaw market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Chainsaw and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Chainsaw. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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COVID -19 Impact Analysis:
The COVID-19 pandemic has created a lull in the market demand globally. With countries resorting to trade restrictions and following policies to boost domestic production to mitigate the dependency on other global players such as China, the demand for wood and lumbering industry is expected to decline in the coming months. Numerous industries and individual businesses have been suffering due to low cash flow. This, coupled with the low demand for wood used in the various industries, will directly impact the chainsaw market growth in the year 2020. However, governments are taking active steps to revive the economy and demand in terms of economic aid.

With the easing up of the lockdown measures and the revival of the supply chain sector along with the transportation industry is anticipated to act as a catalyst and jump-start the economic demand once again, which may prove beneficial for the lumbering, construction, and other allied industries hence creating demand for chainsaw market in the coming months.

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This release was published on openPR.