Global Demand for Chainsaws Forecast to Expand 3.4% Annually Through 2023

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Feb 03, 2020, 09:42 ET

CLEVELAND, Feb. 3, 2020 /PRNewswire/ -- According to the Freedonia Group study Global Forestry Equipment, demand for felling equipment is projected to rise 2.9% annually through 2023 to $3.3 billion, supported by two main trends:

greater mechanization of felling operations in developing countries
the replacement of older equipment in developed areas

More information regarding the study is here: https://www.freedoniagroup.com/industry-study/global-forestry-equipment-3779.htm

Manufacturers are introducing improved machinery and components to increase durability, performance, efficiency, and operator safety and comfort. In a competitive market with many participants with sizable research and development operations, this is necessary to remain competitive.

Global demand for chainsaws is forecast to expand 3.4% annually through 2023 to $1.4 billion. A number of factors will boost demand for chainsaws:

significantly lower cost of chainsaws compared to other types of felling equipment
ability to use chainsaws in terrain that is not amenable to the use of larger equipment
relatively short lifespan of chainsaws compared to other types of felling equipment, heightening replacement demand
widespread use of chainsaws in comparison to more advanced equipment, which is only found in mechanized markets

Contact Corinne Gangloff for an interview with the analyst.

Additional Machinery & Equipment studies can be viewed here:
https://www.freedoniagroup.com/industry-category/mach/machinery-equipment.htm

About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.842.2400
[email protected]

SOURCE The Freedonia Group