New York, United States , July 17, 2024 (GLOBE NEWSWIRE) -- The Global Chainsaw Market Size is to Grow from USD 4.13 Billion in 2023 to USD 5.74 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 3.35% during the projected period.
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A chainsaw is a handheld device, a portable mechanical tool that is mostly used for cutting wood and items connected to wood. It uses teeth attached to a revolving chain that moves along a guide bar connected to a small gasoline or battery-operated cylinder that produces cuts. A chainsaw is a small, lightweight mechanical tool used mostly for cutting wood and materials connected to wood. It is attached to a tiny gasoline or battery-operated cylinder and uses teeth attached to a spinning chain that moves along a guide bar to create cuts. Growing rates of urbanization and deforestation brought on by infrastructure development are the main forces driving market expansion. Rising consumer living standards and an increasing focus on interior design are driving the need for wood-based flooring, paneling, roofing, etc. As a consequence of rising per capita spending on high-end and premium wood furniture, chainsaws are being used more often in the furniture manufacturing sector. However, rising raw material costs combined with regulatory bans and restrictions will act as market hurdles to chainsaw expansion.
Browse key industry insights spread across 198 pages with 110 Market data tables and figures & charts from the report on the "Global Chainsaw Market Size, Share, and COVID-19 Impact Analysis, By Product (Gasoline-Powered, Gas-Powered, and Electric-Powered), By Application (Residential, and Commercial), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The gasoline-powered segment is anticipated to hold the greatest share of the global chainsaw market during the projected timeframe.
Based on the product, the global chainsaw market is divided into gasoline-powered, gas-powered, and electric-powered. Among these, the gasoline-powered segment is anticipated to hold the greatest share of the global chainsaw market during the projected timeframe. One of the main reasons is their unmatched performance and power, which makes them ideal for challenging tasks like bucking, tree falling, and forestry work. As they don't require an external power source, they can easily be used anywhere, adding to their exceptional convenience.
The commercial segment is anticipated to hold the largest share of the global chainsaw market during the projected timeframe.
Based on the application, the global chainsaw market is divided into residential, and commercial. Among these, the commercial segment is anticipated to hold the largest share of the global chainsaw market during the projected timeframe. The chainsaw business is dominated by commercial applications due to factors including population growth, urbanization, and growing incomes that increase demand for wood products and wood. It is projected that this rise in demand will meet the expanding need for chainsaws in forestry and wood harvesting.
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North America is expected to hold the largest share of the global chainsaw market over the forecast period.
North America is expected to hold the largest share of the global chainsaw market over the forecast period. Factors including domestic use, forestry operations, landscaping, and building activities are driving growth in this industry. They do demolition, wood shaping, and timber-cutting tasks in construction projects. Chainsaws are required for handling logs and chopping trees, among other forest management tasks. North America has a substantial logging and forestry industry.
Asia Pacific is predicted to grow at the fastest pace in the global chainsaw market during the projected timeframe. The region's fast-increasing rates of urbanization and industrialization have to be blamed, as is the sharply expanding demand for wood-based products like paper, building supplies, and furniture.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global chainsaw market include Husqvarna AB, Yamabiko Corp., SUMEC Group Corporation, ANDREAS STIHL LIMITED, Rochford Garden Machinery, AL-KO Kober., STIGA S.p.A., The Toro Co., Hitachi Ltd., Einhell Germany, Blount International Inc., Stanley Black & Decker Inc., Makita, Emak SPA, Talon Tough Tools, Robert Bosch GmbH, Others.
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Recent Developments
In February 2023, a new series of items from the pioneering manufacturer of lawn, forest, and garden equipment is the Husqvarna Max Battery Series, which includes the 350i chainsaw, 320iHD60 hedge trimmer, and 350iB leaf blower as just a few of the most recent additions. Combining professional-grade power with modern technical innovations, the newly launched max battery series delivers an even better combination of performance and utility.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global chainsaw market based on the below-mentioned segments:
Global Chainsaw Market, By Product
- Gasoline-Powered
- Gas-Powered
- Electric-Powered
Global Chainsaw Market, By Application
- Residential
- Commercial
Global Chainsaw Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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