CHAINSAW MARKET ANALYSIS

The global Chainsaw market size was valued at US$ 4.01 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. A chainsaw is a small, handheld mechanical tool used mostly for cutting wood and wood-related items. It cuts using teeth attached to a spinning chain that moves along a guide bar that is coupled to a tiny cylinder for fuel or battery power. A chainsaw is commonly used for tree felling, bucking, limbing, trimming, and cutting firebreaks in wildland areas, among other things. A battery-powered chainsaw, an electric chainsaw, and a gas-powered chainsaw are all common product varieties. It is widely utilized in the making of furniture, pulp production, infrastructure remodeling, and a variety of construction operations in the residential, commercial, and industrial sectors.

Drivers

Growing demand for timber goods is increasing the rate of deforestation

Rising levels of urbanization, along with an increasing rate of deforestation for infrastructural development, are driving market expansion at the moment. Furthermore, improving consumer living standards and an increased emphasis on interior design fuel demand for wood-based flooring, panels, roofing, and other products. As a result of rising per capita spending on high-end and premium hardwood furniture, the use of chainsaws in furniture production applications is increasing.

Implementation of workplace safety rules and developments in chainsaw technology

To minimize accidents and catastrophes, the government has implemented severe labor safety laws, which has led in the introduction of small and lightweight product versions. Furthermore, as consumer preferences shift away from traditional gasoline-powered chainsaws and toward eco-friendly options such as battery-powered and electric chainsaws, the market will expand even further.

Opportunities

Adoption Of Eco-Friendly Products Is Increasing

The chainsaw market is likely to be driven by rising demand for environmentally friendly products during the forecast period. Gas-powered equipment emits toxic gases, causing air pollution. Customers are increasingly interested in electric and battery-powered chainsaws as they become more environmentally conscious and seek for environmentally friendly items. As a result, people choose products that have the least environmental impact.

The usage of electric or battery-powered chainsaws in the home to maintain yards is increasing. This type of chainsaw is long-lasting, lightweight, and requires little maintenance. It is simple to operate.

Furthermore, fueling and changing the machine's oil to keep it running properly are expected to be critical considerations in the transition to an electric chainsaw. As a result, manufacturers and landscaping professionals are focusing on introducing technologically advanced products and solutions.

Sustainable alternatives to gas-powered equipment look to be an excellent choice for emission reduction and environmental effect. These chainsaws are tiny and lightweight in construction, and they cut wood more efficiently than standard chainsaws. Manufacturers are establishing goals to create user-friendly products, which need compact and lightweight goods that allow consumers to do chores with ease and convenience. Electric chainsaws create less noise and are lower in weight than gas-powered chainsaws.

Trends

Expanding Technological Advances

Rapid technology advancements in recent years have resulted in new outdoor power tools. These advancements boost the efficiency and efficacy of outdoor power equipment. Manufacturers are also focusing on many developments in order to suit customer demands. Manufacturers, for example, presented their new generation of 90cc chainsaws 281 XP, 288 XP, 390 XP, and 395 XP in 2021. These items are primarily designed for expert foresters and tree workers.

Chainsaw manufacturers place a premium on devices that are both efficient and easy to use. Furthermore, important essential players are critical in the release of new technology. These technologies can be used and evaluated in a variety of contexts, giving them a competitive advantage over competitors.

Development Of Lithium-Ion Batteries

The battery has grown tremendously in recent years as a result of technological advancements. This battery's rapid adoption is increasing its domination year after year. Several developments in batteries for greater backup capacity have been made in response to the growing demand for long-lasting battery life. This has enhanced Li-ion battery performance and efficiency. As a result, lithium batteries have been developed as rechargeable batteries for alternative power capacities all over the world. This has greatly increased the production and effectiveness of lithium batteries. It's also improved dependability, safety, and stability. Lithium batteries charge in less than an hour and last much longer.

Improvements in energy density, charging pace, cyclability, safety, and stability have also resulted. Furthermore, these batteries are lightweight and environmentally benign. Customers are increasingly requesting technologies that charge faster and last longer on a single charge. As a result, market sellers and customers are increasing their need for these batteries.

Segmentation:

By Application

The commercial use of chainsaws is boosting market demand for gas-powered chainsaws. These chainsaws are preferred by loggers because they demand saws that are effective and efficient for larger jobs, such as felling giant trees and logs. Because of the horsepower engines and gasoline tanks, the equipment is heavier. Professional loggers and landscaping sectors, on the other hand, prefer gas-powered machines to do large-scale operations quickly.

Electric and battery-powered chainsaws are becoming increasingly popular in the home. Manufacturers concentrate on sustainable products that emit fewer emissions into the environment. As a result, demand for electric or battery-powered chainsaws is increasing significantly.

Figure 1. Global Chainsaw Market by Distribution Channel in 2023

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By GEOGRAPHY

North America accounted for 34% of the worldwide chainsaw market in 2023, dominating the global chainsaw market during the forecast period. The country is home to well-known countries such as the United States and Canada. The countries' considerable consumption of timber resources is related to their high market share. With northern bleached softwood kraft pulp and softwood lumber, Canada is one of the world's largest paper manufacturers. It is also the second-largest producer of softwood lumber in the world.

The European chainsaw market had a revenue share of 25 % in 2023 and is predicted to grow in demand due to the expanding construction and timber industries. The increase in government investment in the development of sustainable business infrastructure is increasing demand for timber logs. As a result, it is likely to drive chainsaw market demand. Furthermore, the conversion of forest area for various purposes, such as agricultural land, contributes to the country's increased demand for chainsaws.

Key Developments

In August 2022, STIHL introduced a powerful cordless top-handle chain-saw developed for tree care professionals to remove the tree’s larger branches. It includes an oil pump, a trigger system & a 180-degree LED display, providing the operator with a clear view.

In June 2021, new 90cc chainsaw from Husqvarna provides higher cutting performance for professionals. Husqvarna's brand-new 90cc class chainsaw was made with the primary goal of outperforming its forerunners.

In March 2021, Robert Bosch GmbH introduced a lightweight battery-powered chainsaw known as Easy Cut 12. It is compact and mainly designed for residential use.

In October 2020, Husqvarna launched its T540i XP top-handle and 540i XP rear-handle battery-powered chainsaws on a Facebook Live event.

Figure 2. Global Chainsaw Market by region in 2023

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Key Companies Insights

HUSQVARNA GROUP, STIGA, STIHL, ROBERT BOSCH, OREGON TOOLS, ACTIVE, AL-KO KOBER, EINHELL GERMANY, COBRA, EMAK GROUP

*Definition: A chainsaw is a portable, handheld mechanical tool that is typically used to cut wood and wood-related goods. It cuts with teeth attached to a revolving chain that moves along a guide bar connected to a small gasoline or battery-powered cylinder.