by Chainsaws find widespread application in cutting wood for construction, landscaping projects, tree removal, lumbering, and logging activities. Key advantages of chainsaws include their high cutting power and ease of portability. In recent years, battery-powered chainsaws have gained tremendous popularity over conventional gas-powered variants attributed to their low noise, reduced emissions, and ease of use.
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 of 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, and BD (Becton, Dickinson and Company), among others.
The key opportunities in the market include growing demand for chainsaws from landscaping and gardening industry and increasing commercial construction activities worldwide. Technological advancements such as combination of battery and petrol engines, improved kick-back safety features and reduced vibrations are expected to boost the adoption of chainsaws.
Market Drivers
The Global Chainsaw Market Size is driven by increasing residential and commercial construction activities across both developing and developed nations. Rapid urbanization and infrastructural development projects fuel the demand for lumber and processed wood, thereby augmenting the sales of chainsaws for cutting and logging applications. Additionally, growing popularity of gardening and landscaping as hobbies has resulted in increased demand for chainsaws from non-professional individuals and households.
Current challenges in the chainsaw market
Rising costs of raw materials such as steel and aluminum used in manufacturing chainsaws is a major challenge faced by manufacturers. Higher material prices result in increased production costs which can squeeze profit margins if not passed on entirely to consumers through price hikes. Stringent emission norms imposed by environmental agencies in many countries have mandated lower noise and emission levels from outdoor power equipment like chainsaws. Complying with these regulations involves significant R&D investments which impact small players particularly. Unexpected shortage of key components due to supply chain disruptions caused by Covid-19 pandemic had led to production delays and backlogs for some suppliers. Further, demand fluctuations during lockdowns made production planning difficult. Rising labor costs in major manufacturing countries and shortage of skilled workforce are other operational challenges for chainsaw makers.
SWOT Analysis
Strength: High powered, multifunctional chainsaws offer strong cutting performance for heavy duty tasks. Reputed brands provide high quality, durable and reliable products.
Weakness: High initial purchase cost limits its adoption for occasional or non commercial users. Heavy weight and vibrations make prolonged operation tiring.
Opportunity: Growth in landscaping, arboriculture, forestry and construction industries drives the demand. Increasing penetration in developing nations due to growing infrastructure development.
Threats: Stringent emission and noise norms require technology upgradations adding to costs. Substitute products like electric chainsaws, battery trimmers pose competition.
United States accounts for the largest share in terms of value in the chainsaw market. This is due to the large size of forestry and lumber industries where chainsaws are extensively used both commercially and non commercially. Europe is another major regional market attributed to well established landscaping and tree care services industries. China ranks as the fastest growing regional market for chainsaws owing to significant ongoing infrastructure projects and development of forestry sector. Other emerging economies of Asia Pacific like India and Indonesia are also witnessing rising adoption driven by construction and consumer applications.
While North America and Europe currently dominate the chainsaw market, strong growth rates are envisaged in developing Asian countries over the forecast period. Particularly in Southeast Asia, increasing demand for fuel wood along with expansion of commercial forestry and tree care businesses will drive higher chainsaw sales. The Latin American market is also anticipated to rise steadily underpinned by infrastructure investment and wood processing industry expansion, key end users of chainsaws.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
