Chainsaw Market to increase by USD 891.91 million from 2022 to 2027; Growing demand for furniture boosts the market growth - Technavio

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- The chainsaw market size is expected to grow by USD 891.91 million between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 5.05% during the forecast period. The market is segmented by end-user (commercial and non-commercial), product (gas-powered and electric-powered), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

The growing demand for furniture drives the market growth. Chainsaws play a key role in the furniture industry supply chain, particularly in the early stages of wood preparation and processing as these are essential tools for loggers and forestry workers who cut trees to meet the demand for raw materials in the furniture industry. Hence, such factors drive the market growth.

The report analyses the market size and growth and provides accurate predictions on the growth of the market. View PDF Sample

Key Highlights:

• The report recognizes the following as some of the key players in the chainsaw market: AL KO SE, Alfred Karcher SE and Co KG, ANDREAS STIHL AG and Co. KG, Briggs and Stratton LLC, Einhell Germany AG, Husqvarna AB, Jiangsu SUMEC Group Co. Ltd., Koki Holdings Co. Ltd., Lowes Co. Inc., Oregon Tool Inc., Robert Bosch GmbH, Stanley Black and Decker Inc., STIGA S.p.A., Talon Tough Tools, Techtronic Industries Co. Ltd., The Toro Company, YAMABIKO CORP., and Makita Corp.
• Chainsaw Market is fragmented in nature.
• Market to observe 4.63% YOY growth in 2023.

Market Dynamics:

Trend

• Increased usage in agriculture and horticulture is a primary trend in the market.
• Chainsaws play a crucial role in these industries, delivering performance and efficiency in different cutting and pruning operations.
• There is an increasing adoption of chainsaws by farmers and gardeners to prune trees, bushes, and shrubs. 
• Hence, such factors drive the market growth.

Challenges

• Competition from alternative tools hinders market growth
• Even though chainsaws are still a popular choice for cutting jobs, a number of alternative tools are gaining and offer competition in specific situations. 
• In addition, traditional hand tools, including axes and hand saws, are still preferred by some users for specific jobs or in situations where power tools are not available or are not used.
• Hence, such factors hinder the market growth.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Key Segments:

• The market share of the commercial segment is significant during the forecast period. The rise in landscaping and horticultural activities in households, offices, hotels, parks, and gardens has fuelled the demand for chainsaws, used for pruning trees and shrubs, pruning, and cutting down small trees. Hence, such factors drive the market growth.

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Related Reports:

The school bags market size is estimated to grow at a CAGR of 6.65% between 2022 and 2027. The market size is forecast to increase by USD 6.38 billion.

The planter market size is estimated to grow at a CAGR of 4.35% between 2022 and 2027. The market size is forecast to increase by USD 152.49 million.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Product

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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