Powered cordless chainsaw Segment is the largest segment driving the growth of the Chainsaw Market

 

Chainsaw Market

The global 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 which cuts materials by using a metal chain having cutters. It is mainly used for cutting woods or trees. Chainsaws provide faster and easier wood cutting solution compared to traditional wood cutting methods.

 

Market key trends:

One of the key trends fueling the growth of the chainsaw market is shift towards battery powered electric chainsaws. Earlier chainsaws used to rely only on petrol engines but now manufacturers are focusing on developing electric chainsaws which produce lower noise and emissions compared to petrol variants.electric chainsaws are more environment friendly and require less maintenance making them popular among homeowners and professionals. Major players like Stihl and Husqvarna have launched various electric chainsaw models with lithium ion batteries providing sufficient runtime for domestic and professional use. This shift towards greener power sources is expected to continue driving the demand for chainsaws during the forecast period.

Segment Analysis

Content: The global chainsaw market is segmented into cordless chainsaws and corded chainsaws. Within these segments, the cordless chainsaw segment accounts for the major share and is expected to remain dominant over the forecast period. Advantages such as ease of use, portability, and reduced noise pollution are the key factors driving the growth of this segment. Cordless chainsaws do not require fuel or mixing of petrol and oil, making them more user-friendly compared to corded chainsaws.

 

Key Takeaways

Global Chainsaw Market Size is expected to witness high growth, exhibiting a CAGR of 5.3% over the forecast period, due to increasing application in forestry, household, and agricultural activities.

 

Regional analysis: North America dominates the global chainsaw market currently and is expected to continue its dominance over the forecast period. This is attributed to the widescale deforestation activities in Canada and lumber industry in the US. Europe accounts for the second largest market share owing to large forest reserves and developed agriculture sector in countries like Germany, France, and UK.

 

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, Emak Group. Husqvarna Group and Stihl captured around 35-40% of the overall market share in 2023 owing to their diverse product portfolio and wide distribution network across the globe.

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https://www.dailyprbulletin.com/chainsaw-market-size-share-growth-outlook-2023/

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