PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339137
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339137
The global chainsaw market size is expected to reach USD 3.94 billion by 2032, according to a new study by Polaris Market Research. The report "Chainsaw Market Share, Size, Trends, Industry Analysis Report, By Product Type (Gas-Powered and Electric and Battery Powered); By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing use of various types of wood products in furniture manufacturing, house construction, and pulp production, along with the rising focus of key vendors towards attracting more consumers by introducing several new variants of products with enhanced features and capabilities, are prominent factors propelling the market growth. The increasing emphasis of both semi-professional and professional workers regarding adopting safety guidelines to prevent injuries or accidents on job sites coupled with the rapid global population increase in deforestation activities, is also positively influencing the market.
For instance, in August 2022, STIHL introduced a powerful cordless top-handle chain-saw developed for tree care professionals to remove the tree's larger branches. It includes an oil pump, a trigger system & a 180-degree LED display, providing the operator with a clear view.
Cordless chainsaws have become increasingly popular in recent years, as advances in battery technology have allowed for longer run times and improved performance. As these chainsaws are quieter and more environmentally friendly than their gas-powered counterparts. Besides this, key players worldwide are also incorporating more smart technology, such as Bluetooth connectivity and companion apps, to make them more user-friendly and allow for easier tracking of maintenance schedules and troubleshooting conveniently.
The products that can perform multiple tasks such as pruning and trimming, in addition to cutting wood, are gaining significant traction across the globe, as these multi-functional tools offer more value to consumers and can help reduce the number of tools they need to own, to meet their needs efficiently. Moreover, the significant increase in the production of several agricultural products, including soybean oil, palm oil, and wood products, and the emerging need and prevalence for maintaining gardens and other surrounding areas to prevent the beehives formulation and animal domestication has been pushing the market forward at a rapid pace.
Gas-powered segment accounted for the largest market share in 2022, which is mainly driven by the growing use of these products in various applications and their easy portability compared to others
Residential Construction segment is anticipated to grow over the projected period on account of the rising number of homeowners looking for wood and wood-based products for the interior decoration of their houses
North American region dominated the global market for chainsaws in 2022, owing to rapid development in the construction industry and significant inclination among consumers towards eco-friendly alternatives of conventional products
The global key market players include: Blount International, Husqvarna Group, Alfred Karcher, Zhejiang Zomax Garden Machinery, Remington Power Tools, Techtronic Industries, and Robert Bosch
Polaris Market Research has segmented the chainsaw market report based on product type, application, and region: