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Increased Deforestation And Its Impact On The Chainsaw Market: Powering Innovation and Expansion in the Chainsaws Market by 2025
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Chainsaws Market Through 2025?
The market for chainsaws has experienced a significant surge in the recent past. Projected growth indicates an increase from $4.7 billion in 2024 to $5.18 billion in 2025, registering a compound annual growth rate (CAGR) of 10.2%. The historical growth trends can be tied to factors such as countryside and urban landscaping, cost of raw materials, uptake in the homeowner and DIY market, industrial and commercial applications, and user preferences.
What's the Projected Size of the Global Chainsaws Market by 2029?
The market for chainsaws is set to witness a sharp increase in the coming years, expanding to ""$7.87 billion by 2029 with a compound annual growth rate (CAGR) of 11.0%. The projected expansion during the forecast period can be credited to factors such as supply chain alterations, the rise of new user segments, various economic trends, market development, and compliance with regulations. Key trends expected in the forecast period comprise environmental regulations, user safety and ergonomic features, use of battery-operated chainsaws, marketplace competition, and demand from professional users.
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Top Growth Drivers in the Chainsaws Industry: What's Accelerating the Market?
The chainsaw market is predicted to experience growth due to the rise in deforestation. Deforestation involves the clearance of trees and forests from a specific area to pave way for agricultural or urban development, obtain wood and other forestry products, or establish space for mining. Chainsaws play a central role in deforestation particularly in clearing forests for agriculture, mining, and logging. They provide an efficient and rapid method to fell trees, enabling loggers to cut a large number of trees within a brief period. As an example, a report by World Bank, a US-based organization, in May 2024 detailed that in 2022, while the Business as Usual (BAU) scenario projected a 9,619 km2 deforestation, actual data from PRODES showed a loss of 12,695 km2, a figure 32% higher than anticipated. If the current High-Resolution Land cover (HRL) rate of deforestation persists, a 35% increase in deforestation by 2025, compared to the BAU baseline, is projected. Consequently, the rise in deforestation is catalyzing the growth of the chainsaw market.
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What Trends Will Shape the Chainsaws Market Through 2029 and Beyond?
The emergence of advanced technology chainsaw models is a significant trend that's gaining traction in the chainsaw market. Businesses in this sector are incorporating high-tech features into their latest models to uphold their market standing. An example of this is in May 2023, when Sweden's industrial machinery corporation, Husqvarna Group, unveiled the T540 XP Mark III. This professional-grade chainsaw, designed specifically for tree care professionals and arborists, is furnished with Auto-Tune 3.0 technology. This AutoTune 3.0 enables easy start functionality and delivers optimal performance in spite of difficult conditions. This advancement allows users to adhere to the same startup process irrespective of the ambient temperature, removing the threat of engine flooding. Furthermore, the machine's X-Torq engine system offers stood-out power output, and the incorporated LowVib technology minimizes handling vibrations. These additions drastically improve the user experience and empower more efficient and effective chainsaw usage in forestry and related industries.
What Are the Main Segments in the Chainsaws Market?
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
Subsegments:
1) By Gas Powered Chainsaws: Professional Chainsaws, Homeowner Chainsaws, Tree Care Chainsaws
2) By Electric Corded Chainsaws: Light-Duty Electric Chainsaws, Medium-Duty Electric Chainsaws, Heavy-Duty Electric Chainsaws
3) By Cordless Chainsaws: Battery-Powered Chainsaws, Lightweight Cordless Chainsaws, High-Power Cordless Chainsaws
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Which Top Companies are Driving Growth in the Chainsaws Market?
Major companies operating in the chainsaws market include 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., STIHL Inc., DEWALT, EGO Power+, Greenworks Tools, Milwaukee Electric Tool Corporation, WORX Tools, Blue Max, Earthwise, Efco, Homelite, Solo Incorporated, Tanaka, Troy-Bilt, Victa Lawncare Pty Ltd
Which Regions Will Dominate the Chainsaws Market Through 2029?
North America was the largest region in the chainsaws market in 2024.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
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