Dublin, Aug. 20, 2024 (GLOBE NEWSWIRE) -- The "Chainsaw Market - Focused Insights 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The Chainsaw Market was valued at USD 4.17 billion in 2023, and is expected to reach USD 5.70 billion by 2029, rising at a CAGR of 5.35%.
The global chainsaw market report consists of exclusive data on 32 vendors. The market's competitive scenario is intensifying, with domestic & international players offering diverse products. Companies in this market are continuously innovating to develop better and new products. A few major players dominate the market in terms of market share.
Some companies that are currently dominating the market are Echo, Husqvarna, Makita, Oregon Tools, Robert Bosch, Stanley Black & Decker, STIGA, STIHL, Techtronic Industries, and Zhejiang Zomax Garden Machinery. Major players focus on strategic agreements, technological advancements, and collaboration with emerging players to enter the global chainsaw market and gain access to commercially launched products.
MARKET TRENDS & DRIVERS
- Increasing Technological Advancements
- Lithium-Ion Batteries Development
- Improved Safety Regulations
INDUSTRY RESTRAINTS
- Environment Concerns Caused By Gas-Powered Chainsaw
SEGMENT INSIGHTS
INSIGHT BY PRODUCT TYPE
The global chainsaw market by product type is segmented into gas-powered, electric corded, and cordless. The gas-powered chainsaw segment dominates and has the largest market share. Gas-powered chainsaws are a key segment within the broader chainsaw market. These chainsaws are fueled by gasoline and are commonly used for heavy-duty tasks such as felling trees, cutting firewood, and clearing land. They deliver higher power and torque compared to their electric counterparts.
This makes them suitable for demanding tasks, increasing their popularity among professionals and serious hobbyists. The expanding forestry and agriculture sectors drive the demand for powerful and reliable cutting tools. Gas-powered chainsaws are integral to these industries, boosting their sales. In the aftermath of natural disasters such as hurricanes, storms, and wildfires, gas-powered chainsaws are essential for clearing debris and fallen trees, increasing the market growth of gas-powered chainsaws.
INSIGHT BY END-USER TYPE
The global chainsaw market by end-user type is categorized into commercial and residential. The commercial segment shows significant growth, with the fastest-growing CAGR during the forecast period. The commercial segment of the global chainsaw market is experiencing significant growth driven by the demands of various industries, technological advancements, safety regulations, and economic development. The increased focus on sustainability and eco-friendly practices further supports the adoption of chainsaws in commercial applications, making it a crucial segment in the chainsaw market.
Chainsaws are extensively used by commercial end-users in various industries, including forestry, construction, landscaping, and arboriculture. Growing demand for timber and wood products has led to increased logging activities globally, driving the need for powerful and reliable chainsaws. Adopting sustainable forestry practices requires efficient tools to manage forests responsibly, boosting the demand for advanced chainsaws.
INSIGHT BY DISTRIBUTION CHANNEL TYPE
Based on the distribution channel, the offline segment holds the largest share of the global chainsaw market. The offline distribution channel for chainsaws includes various retail stores where consumers can purchase chainsaws. These include specialty stores, convenience stores, big box stores, and other stores. Each store type plays a significant role in the distribution and sales of chainsaws. The offline distribution channel for chainsaws is thriving due to immediate product availability, expert customer service, and convenience.
Offline stores allow customers to purchase and take home a chainsaw immediately, which is a significant advantage over online shopping. Big box and specialty stores often maintain a large inventory, ensuring customers can find the specific model they need. Customers can physically handle and inspect the chainsaws, allowing them to assess the weight, ergonomics, and build quality before purchasing. Trained staff can offer expert advice, helping customers choose the right chainsaw per their needs.
GEOGRAPHICAL ANALYSIS
The North American region dominates with the largest share of the global chainsaw market and shows the highest growth during the forecast period. The chainsaw market in North America is robust, driven by a combination of professional and residential demand. The region, encompassing the US and Canada, uses chainsaws extensively in various applications such as forestry, landscaping, and home maintenance. The presence of several leading manufacturers, technological advancements, and evolving consumer preferences characterize the market.
North America has a substantial forestry and logging industry, particularly in regions like the Pacific Northwest, British Columbia, and the Southeastern US. Chainsaws are essential for tree felling, pruning, and processing timber, driving consistent demand in these industries. As urban areas expand, there is an increasing need for landscaping and maintenance of green spaces. Residential and commercial property owners invest in chainsaws for tree trimming, garden maintenance, and yard cleanup.
COMPETITIVE LANDSCAPE
Key Vendors
- Echo
- Husqvarna
- Makita
- Oregon Tools
- Robert Bosch
- Stanley Black & Decker
- STIGA Group
- STIHL
- Techtronic Industries
- Zhejiang Zomax Garden Machinery
Other Prominent Vendors
- Active
- Aimex
- AL-KO
- American Lawn Mower
- Briggs & Stratton
- Cobra Garden
- Deli
- Efco
- Einhell
- HiKOKI
- Honda
- iBELL
- Maruyama
- PELLENC
- Positec
- SKIL
- Snow Joe
- SUMEC Hardware & Tools
- Talon Power
- The Globe Tools Group
- The Toro Company
- WEN
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 176 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $4.17 Billion |
| Forecasted Market Value (USD) by 2029 | $5.7 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
Key Topics Covered:
Chapter - 1: Global Chainsaw Market Overview
- Executive Summary
- Key Findings
- Key Developments
Chapter - 2: Global Chainsaw Market Segmentation Data
Product Market Insights (2023-2029) ($ Million)
- Gas-Powered
- Electric Corded
- Cordless
End-user Market Insights (2023-2029) ($ Million)
- Commercial
- Residential
Distribution Channel Market Insights (2023-2029) ($ Million)
- Offline
- Online
Product Market Insights (2023-2029) (Million Units)
- Gas-Powered
- Electric Corded
- Cordless
End-user Market Insights (2023-2029) (Million Units)
- Commercial
- Residential
Distribution Channel Market Insights (2023-2029) (Million Units)
- Offline
- Online
Chapter - 3: Global Chainsaw Market Key Regions Overview
Chapter - 4: Global Chainsaw Market Prospects & Opportunities
- Global Chainsaw Market Drivers
- Global Chainsaw Market Trends
- Global Chainsaw Market Constraints
Chapter - 5: Global Chainsaw Market Overview
- Global Chainsaw Market - Competitive Landscape
- Global Chainsaw Market - Key Players
- Global Chainsaw Market - Key Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/36hlsa
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