July 19, 2024
Chainsaw Market

The growing demand for DIY projects and land management activities is anticipated to open up the new avenue for Chainsaw Market

The Chainsaw Market is estimated to be valued at US$ 4.22 Bn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

A chainsaw is a portable mechanical saw that cuts materials using a rotating chain that has cutting edges. It is used for pruning and felling trees, cutting firewood, cutting logs and lumber for construction, land clearance, and other activities where wood is involved. Growing demand from construction, land management, and DIY activities has been a key driver for the chainsaw market. The market consists of both electric and gasoline-powered chainsaws available in various power ranges for household and commercial applications.

Market Dynamics:

The growth of the chainsaw market is driven by increasing demand from land management and forestry activities. According to the UN’s Food and Agriculture Organization, approximately 13 million hectares of forests are lost each year due to deforestation for agricultural lands or commercial use. Around 60% of the global forests are publicly owned, requiring effective management. This has significantly increased the demand for chainsaws from the forestry and land management industry. Additionally, growing participation in do-it-yourself home improvement and gardening activities has also augmented demand for both electric and gasoline-powered chainsaws for household purposes over the forecast period.

Segment Analysis

The global chainsaw market is dominated by the gas-powered chainsaw sub-segment. Gas-powered chainsaws account for around 70% of the overall chainsaw market share owing to high power and torque output delivered by gas engines as compared to electric chainsaws. Gas chainsaws do not require frequent charging which makes them suitable for heavy-duty tasks like logging. However, regulations on carbon emissions are expected to boost the adoption of cordless electric chainsaws going forward.

PEST Analysis

Political: Stringent regulations pertaining to carbon emissions from gas-powered equipment will encourage consumers to shift to electric chainsaws in regions like Europe. Economic: Rising disposable incomes in developing countries will drive demand for cordless chainsaws suitable for household and small farming use cases. Social: Preference for do-it-yourself home and garden maintenance activities is increasing the utilization of chainsaws among households. Technological: Advancements in battery technology are improving power and runtime of cordless chainsaws, making them an able substitute for gas-powered variants in light-duty applications.

Key Takeaways

The Global Chainsaw Market Size is expected to witness high growth, exhibiting CAGR of 5.3% over the forecast period, due to increasing mechanization of farming and forestry activities. The Asia Pacific chainsaw market accounted for around 30% of the global market in 2023 and is expected to retain dominance over the forecast period. China is the largest producer and exporter of chainsaws worldwide.

Regional analysis

The North America chainsaw market is expected to grow at a steady pace owing to rising utilization of chainsaws in landscaping, arboriculture, and lumberjack competitions which are highly popular recreational sports in the US and Canada.

Key players

Key players operating in the chainsaw market are Husqvarna Group, Stiga, Stihl, Robert Bosch, Oregon Tools, Active, Al-Ko Kober, Einhell Germany, Cobra, and Emak Group. Husqvarna Group leads the chainsaw market with a global market share of over 25% as of 2023.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it