Press release
Chainsaws Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
Chainsaws Market
The Business Research Company offers in-depth market insights through Chainsaws Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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 in the historic period can be attributed to rural and urban landscaping, raw material costs, homeowner and diy market, industrial and commercial use, 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 growth in the forecast period can be attributed to supply chain dynamics, emerging user segments, economic trends, market expansion, regulatory compliance. Major trends in the forecast period include environmental regulations, user safety and ergonomics, battery-powered chainsaws, market competition, demand from professional users.
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Market Segmentation:
The chainsaws market covered in this report is segmented -
1) By Product Type: Gas Powered, Electric Corded, Cordless
2) By Bar Length Type: Below 16 Inch, 16-18 Inch, Above 18 Inch
3) By Distribution Type: Online, Offline
4) By Application: Commercial, Residential
5) By End Use: Tree Felling, Bucking, Pruning, Wood Carving, Ice Sculpting, Construction, Other End Uses
Major Driver - Increased Deforestation And Its Impact On The Chainsaw Market
Increased deforestation is expected to propel the growth of the chainsaw market going forward. Deforestation refers to the removal of trees and forests from a particular area. Deforestation is done to clear land for agricultural or urban development, to obtain wood and other forest products, or to create space for mining. Chainsaws are commonly used in deforestation, for clearing forests for agriculture, mining, and logging, and to fell trees quickly and efficiently, allowing loggers to cut down many trees in a short amount of time. For instance, in November 2023, according to a report by Global Forest Watch, a US-based open-source web application to monitor global forests in near real-time, the United States experienced a significant increase in deforestation, losing 46.5 million hectares of tree cover from 2001 to 2022, resulting in a 17% decrease in overall tree cover since 2000. This alarming trend has contributed to 18.0 gigatons of CO2e emissions, highlighting the environmental impact of the heightened deforestation rate over the past two decades. Therefore, increasing deforestation is driving the growth of the chainsaw market going forward.
Competitive Landscape:
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
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Top Trend - Innovative Chainsaw Models With Advanced Technology
Innovative chainsaw models with advanced technology are a key trend gaining popularity in the chainsaw market. Companies operating in the chainsaw market are introducing technologically advanced features in new models to sustain their position in the market. For instance, in May 2023, Husqvarna Group, a Sweden-based industrial equipment company, launched the T540 XP Mark III, a professional-grade chainsaw designed for tree care professionals and arborists and equipped with Auto-Tune 3.0 technology. AutoTune 3.0 technology offers simple start capabilities and ensures optimal performance even in challenging conditions. With this technology, users can follow the same starting procedure regardless of the temperature without the risk of engine flooding. Additionally, the X-Torq engine design provides impressive power output, while LowVib technology helps reduce handling vibration. These features enhance the user experience and enable more efficient and effective use of chainsaws in forestry and other industries.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Chainsaws Market Characteristics
3. Chainsaws Market Trends And Strategies
4. Chainsaws Market - Macro Economic Scenario
5. Chainsaws Market Size And Growth
…..
27. Chainsaws Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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