April 18, 2024
Chainsaw Market

Chainsaw Market Adopting Energy-efficient Technology Trends to Gain Market Share

The chainsaw market consists of a variety of electric and gas-powered chainsaws that are used for landscaping and gardening, farming, construction, and timbering applications. Chainsaws are handheld power tools primarily used to cut wood. They consist of a chain blade that rapidly circulars around two wheels powered by either an electric motor or internal combustion engine. Chainsaws provide advantages like efficient cutting performance for various wood cutting needs. Their demand has been increasing across industries like agriculture, forestry, and construction due to rapid deforestation, increased construction activities, and rising farming needs.

The Global Chainsaw Market is estimated to be valued at US$ 4.87 Bn in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the chainsaw market are QIAGEN, Illumina, Inc., Angle PLC, Myriad Genetics, COUNSYL, Inc., Hologic, Inc., Biocept, Inc., Thermo Fisher Scientific, Inc., Danaher, F. Hoffmann-La Roche Ltd., Epigenomics AG, BD (Becton, Dickinson and Company), and Helio Health (Laboratory for Advanced Medicine), among others. The rising deforestation and construction activities have boosted the demand for chainsaws across forestry and construction industries. Chainsaw manufacturers are expanding their global presence with a focus on developing countries to tap the growth opportunities in emerging markets.

Growing demand in the market: The market is witnessing significant growth due to factors such as rapid deforestation, increased construction activities especially in developing economies, and rising farming needs globally. Chainsaws are extensively used in forestry applications for timber harvesting. Their demand from the construction sector is booming due to massive infrastructure development projects worldwide. Additionally, growing population is also augmenting agricultural productivity, thereby propelling the need for effective and efficient chainsaws.

Global expansion of market: Key players in the Chainsaw Market Size are expanding their global presence with a focus on developing economies in Asia Pacific and Latin America. These regions are anticipated to offer lucrative opportunities for chainsaw manufacturers owing to substantial construction investments and thriving agriculture industries. Companies are investing in R&D to developenergy-efficient chainsaw models with lower fuel consumption and noise levels catering to globally evolving sustainability and eco-friendly standards.

Market key trends:

Adoption of energy-efficient technologies is one of the key trends being observed in the chainsaw market. Manufacturers are innovating their product offerings by integratingbattery-powered and hybrid technologies to lower carbon footprint. As consumers become more environmentally conscious, the demand for eco-friendly chainsaws is gaining momentum. Companies are launching chainsaw models with advanced features like reduced vibrations, advanced ignition systems, automatic chain oiling systems, and dust extractors for providing maximized operator safety and productivity.

Porter’s Analysis
Threat of new entrants: Chainsaw market requires high initial investments for manufacturing plants and R&D centers, making the entry difficult for new players.

Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of alternative product options. However, differentiated product offerings decrease sensitivity to pricing.

Bargaining power of suppliers: The availability of raw material suppliers limits the bargaining power of suppliers in the global chainsaw market.

Threat of new substitutes: Alternative tools for tree felling and pruning such as power saws and hand saws pose minimal threat currently.

Competitive rivalry: The global chainsaw market is consolidated in nature with top players competing on the basis of product quality, features and pricing.

Geographical Regions
The North American region currently dominates the chainsaw market in terms of value owing to high demand from forestry and landscaping industries in the US and Canada.

The Asia Pacific region is expected to be the fastest growing market during the forecast period driven by increasing infrastructure development and commercial construction activities in China, India and Southeast Asian countries.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it