by Chainsaws are ideal power tools used for cutting and trimming trees, branches and logs. They are portable battery or fuel-powered electric saws equipped with a long cutting chain which spin at high speeds. Chainsaws find widespread applications across logging, land clearing, pruning, cutting firewood and rescue operations involved in emergency situations like hurricane damage clean-up. With rapid urbanization and infrastructure development activities, the construction industry has witnessed significant growth worldwide which has increased the demand for wood and tree removal services. This in turn is propelling the chainsaw market.
The global Chainsaw Market is estimated to be valued at US$ 4.22 Bn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends gaining traction in the chainsaw market is the growing popularity of cordless electric chainsaws. Traditional chainsaws require gasoline or oil mixing for operation which can be messy and inconvenient to use. Also, exhaust emissions from gasoline saws cause air pollution. Leading players like Husqvarna, Makita and Black & Decker are focusing on developing innovative battery-powered chainsaws to address these issues. Battery-powered chainsaws are more eco-friendly, produce less noise and offer convenience of use without relying on fuel. The increasing consumer preference towards green, zero-emission products is expected to boost the demand for cordless electric chainsaws over the forecast period.
Porter’s Analysis
Threat of new entrants: Low-moderate as chainsaw manufacturing requires heavy investments in R & D, equipment, distribution network etc. However, threats remain if newcomers receive funding from large investors.
Bargaining power of buyers: Moderate. Presence of numerous global brands gives buyers options. However, switching costs exist as buyers prefer sticking to trusted brands.
Bargaining power of suppliers: Low. Raw materials required for chainsaw manufacturing like steel, plastic etc. are commodities and are available from numerous global suppliers.
Threat of new substitutes: Low. Chainsaws remain prominent tools for forestry, landscaping and construction works. No close substitutes yet for chainsaw’s performance.
Competitive rivalry: High. Global chainsaw market witnesses presence of numerous global and regional brands. Intense price wars exist.
Key Takeaways
The Global Chainsaw Market Size is expected to witness high growth. The market size is projected to reach US$ 6.22 Bn by 2030 from US$ 4.22 Bn in 2023, growing at a CAGR of 5.3% during the forecast period.
Regional analysis: North America dominates the global chainsaw market closely followed by Europe. North America accounts for over 30% share due to extensive household ownership of chainsaws, availability of large tracts of forest land and frequent natural calamities. Growth in the Asia Pacific region is expected to be the fastest during the forecast period driven by high demand from the construction and forestry industries.
Key players: Key players operating in the chainsaw market are Husqvarna Group, Stiga, Stihl, Robert Bosch, Oregon Tools, Active, Al-Ko Kober, Einhell Germany, Cobra, Emak Group. Husqvarna Group and Stihl are market leaders in professional grade chainsaws while Einhell, Oregon, and Active lead in manufacturing and sales of household chainsaws.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
