Chainsaw Market Poised to Grow at a Robust Pace due to Rising Adoption in Construction Activity

Chainsaw Market

Chainsaws are cutting tools used in many applications like gardening, agriculture, forestry, construction and more. The versatile nature of chainsaws allows for precise cutting of trees, logs, lumber and other materials. As construction activity picks up pace globally driven by rapid urbanization and industrial development, demand for chainsaws is anticipated to spike considerably.

The Global Chainsaw Market is estimated to be valued at US$ 4.87 Bn in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the chainsaw market are QIAGEN, Illumina, Inc., Angle PLC, Myriad Genetics, COUNSYL, Inc., Hologic, Inc., Biocept, Inc., Thermo Fisher Scientific, Inc., Danaher, F. Hoffmann-La Roche Ltd., Epigenomics AG, BD (Becton, Dickinson and Company), and Helio Health (Laboratory for Advanced Medicine), among others. The main players are focusing on new product launches and geographic expansions to meet the growing demand and consolidate their position further.

Key opportunities in the market include development of electric chainsaws with advanced battery technologies for longer runtimes and reduced noise/emission levels. Several players have unveiled electric chainsaws with lithium-ion batteries recently. Additionally, demand for robotic chainsaws for automation in forestry operations is growing.

Globally, the chainsaw market is anticipated to expand rapidly in developing regions like Asia Pacific and Latin America. Factors like rapid construction activities, increasing harvesting of wood for various applications and expansion of forestry operations in these countries will drive high growth. Market players are actively focusing on these high potential markets through partnerships and manufacturing units.

Market Drivers and Restrains

Rise in construction and logging activities worldwide is a major factor propelling the Chainsaw Market Growth. In particular, rapid infrastructure development and industrialization in developing economies has boosted demand. Additionally, chainsaws are indispensable cutting tools for gardening, pruning, tree felling and lumber processing, further driving adoption.

However, stringent regulatory norms pertaining to carbon emission from gasoline-powered saws and rising environmental concerns could hamper market growth. Several countries have imposed usage limitations on conventional chainsaws. Nevertheless, development of low emission and battery-powered chainsaws is expected to overcome such challenges.

Segment Analysis
Content: The chainsaw market is dominated by the professional segment which accounts for more than 50% share owing to extensive usage of chainsaws in agriculture, forestry and construction industries. Within the professional segment, the agriculture sub-segment holds the largest share as chainsaws are extensively used for clearing vegetation, small-scale harvesting operations and land clearing activities in farms. The demand from agriculture is mainly driven by the growing trend of precision farming and the need for efficient tools to promptly undertake harvest and maintenance related work.

Global Analysis
Regional analysis: The North American region dominates the global chainsaw market with more than 30% share due to high agriculture and construction activities in countries like US and Canada. The Asia Pacific region is expected to witness fastest growth during the forecast period owing to rapid infrastructural development and expansion of agriculture sector in major countries like China and India. Countries in Europe and Latin America are also emerging as lucrative regional markets driven by high forestry operations for lumber production.

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