By Arizton Advisory & Intelligence
According to Arizton’s recent research report, the global chainsaw market is expected to reach over $4.5 billion by 2024, growing at a CAGR of around 5% during 2018−2024. The report offers market share in terms of unit volumes during the forecast period.
Key Highlights Offered in the Report:
* Around $3.5 billion in incremental revenue opportunities to be capitalized in the next five years in the chainsaw market.
* Increasing demand for chainsaws and growing awareness toward safety regulations in the construction sector to positively impact the global chainsaw market.
* Since the gas-powered chainsaws segment accounted for over 70% of market share in 2018, multiple innovations in features, including horsepower, torque capacities, and mobility are expected to increase the demand for gas-powered chainsaws during the forecast period.
* Leaf blowers are likely to dominate the commercial application segment market. The segment is likely to grow at a CAGR of 5% during the period 2018-2024.
* North America is likely to dominate the global chainsaw market in terms of revenue and unit shipments during the forecast period due to increasing technological advancements and product expansion.
* Chainsaw manufacturers to emphasize the development of eco-friendly equipment. For instance, Husqvarna offers X-torq, E-Tech II, and Auto Tune technology in its chainsaws to increase the demand in the market.
Chainsaw Market – Dynamics
Increasing technological innovations are expected to give rise chainsaws that are lightweight, safe, noise and vibration reduced, and efficient. Lightweight chainsaws tend to offer high flexibility for performing challenging jobs such as pruning.
Major Vendors:
* STIHL
* Husqvarna Group
* Blount International
* Robert Bosch
* STIGA
Other vendors include Makita Corp., MTD Products, Yamabiko Corp., The Toro Company, EMAK, Techtronic Industries, Stanley Black & Decker, Globe Tools Group, Zomax GROUP, SUMEC, WEN Products, AL-KO KOBER, Snow Joe, Hitachi Power Tools, Lowe’s Companies (Kobalt), Pellenc, Einhell Germany, Generac Power Systems Inc., Positec Tool, Active, Chervon, Cobra, Rochford Garden Machinery, Talon Tough Tools, and R&R Products.
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See also:
* Asia Times: Sri Lanka To Ban Chainsaws.
* PA Home Page: Learning Chainsaw Safety In Monroe County.
* WBIR: Chainsaw Artist Carves Sculptures From Logs.
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Previously: Global Chewing Gum Market On Fire.
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Comments welcome.
Posted on June 10, 2019