The global chainsaw market size was valued at USD 3.41 billion in 2022. It is projected to reach USD 4.53 billion by 2031, growing at a CAGR of 3.2% during the forecast period (2023–2031).
Chainsaw is a mobile, mechanical saw that is used for cutting down wood with the help of a set of teeth that are mounted on a rotating chain that runs along a guide bar. Chainsaws have been in uses since that 20th century since the late 1920s. Chain saws find the application by various people such as firefighters, homeowners, woodcutters, construction workers among others.
Chainsaws have more potential than cutting trees, which is the first thing that comes to mind when one hears the word chain saw. The increasing use of chainsaw in construction activates and increasing demand from farm and lawn owners further create upswings for the market demand. However, the increasing rate of deforestation and increase emphasis on the negative impacts on ecological destruction due to deforestation is likely to create hindrances to the market growth.
The global construction industry continues to grow at a considerable speed. Even though the recent coronavirus pandemic has halted most of the projects globally, the overall long terms outlook for the construction industry looks positive and is anticipated to grow above the global GDP in the coming decade.
As per Oxford Economics, the global construction industry is likely to grow by around 85 percent to reach a value of USD 15.5 Trillion by the year 2030, and the countries such as the U.S, China, and India, leading the way. The construction industry involves large volumes of wood that is used for building and used as scaffolding for various activities during the construction. Chain saw is used extensively in the construction sector to cut the wood logs, plywood’s, and other wooden articles into various shapes with ease. Growth in the construction industry will be directly proportional to the growth of the chain saw market.
Human society and the world economy intrinsically linked to forests. As per the World Research Institute, around 1 Billion people globally depend on forests for their livelihood. It is a well-known fact that the forest ecosystem plays a crucial role in stabilizing the global climate, provide food, water, vital medicinal plants among other things. Due to rampant deforestation, around 30 percent of the global forest cover has been cleared and around 20 percent has been degraded due to deforestation.
Furthermore, as per World Wildlife Fund, trade in the forest products has increased considerably over the last 50 years, specifically in the pulpwood, wood-based panels, sawn timber, boards among other things. All these factors coupled with rising global temperatures are nudging countries to put a check on rampant deforestation so as to align their national goals with the Paris Climate Treaty. A stringent check on forest wood cutting is likely to create hindrance to the growth of chainsaw market during the assessment period.
| Study Period | 2019-2031 | CAGR | 3.2% |
| Historical Period | 2019-2021 | Forecast Period | 2023-2031 |
| Base Year | 2022 | Base Year Market Size | USD 3.41 Billion |
| Forecast Year | 2031 | Forecast Year Market Size | USD 4.53 Billion |
| Largest Market | North America | Fastest Growing Market | Asia Pacific |
North America is the leading region in the world in terms of Per Capita income and the region has a vast landscape of tress and wood which is favorable for the growth of lumbering and allied industries.
The wood products industry has played a crucial role in the economy of the North American region. The region is blessing with forests such as tundra, boreal, tropical, montane and others which find a high demand in various industries. As per the Agribusiness Consulting study commissioned by the U.S. Hardwood Federation, sales of hardwood products in U.S amounted to around USD 348.1 Billion in the year 2016.
Growth in the lumbering, wood products making industry along with demand from home lawn owners have led the industry players to invest more in the research activities and come with new product lines.
For instance, Husqvarna in the year 2019 launched new product line for gardens, lawns and tree care professional. The company announced next gen 70cc chainsaw named 572XP. Furthermore, National Association of Landscape Professional’s (NALP’s) Industry Growth Initiative conducted a survey in U.S and found that around 40 percent of the lawn owners in U.S hired professionals for lawn or landscape work in the year 2017. This highlights the growth protentional for chain saw market in the coming years.
The construction sector in U.S is another sector that is a major contributor for the growth of the region. As per the Associated General Contractors of America (AGC), the construction sector created around USD 1.3 Trillion worth of structures every year and employees around 7 million people in U.S alone. Chain saws find extensive application in the construction industry and the growth in the construction industry will directly translate into the growth of the chain saw market during the assessment period.
Furthermore, in Mexico there has been a resurgent growth in the industrial sector that is seeing heavy participation of both public and private player investments in prominent infrastructure projects. The Government has proposed to spend around USD 43 Billion on infrastructure projects in during the year 2020-2024. The country’s infrastructure development is one of the key influencing factors that will propel the growth of chainsaw market that is used extensively in the construction of infrastructure projects.
However, the recent corona virus pandemic has created hindrances to the growth of the chainsaw market with the disruption of supply chain and transport sectors. The stalling of construction projects and plummeting of demand for wood that is used a capital good in various industry are likely to impact the market growth in the short run.
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Electric chain saws have been seeing a surge in demand as compared to conventional gas powered chain saws, primarily due to ease of use and operation, reduced vibrations and noise, ease of storage among other factors. Electric chain saws are seeing a high demand due to increase in the collective consciousness about the ill effects of gas-powered chain saws that can contribute to the global warming protentional with the emissions. Increasing government regulations to curb the menace of carbon pollution and handholding of the industry to switch to cleaner options in technology with tax rebates and subsidies are nudging manufacturers to come up green technologies in machines.
Furthermore, chains have been found to be a convenient option to cut down unwanted trees, shrubs, small tress with ease, hence it is one of the go to options by independent household with lawns. A continued focus of industry players on product innovation and increasing investments in research and development will further propel the market demand for electric chain saw market during the assessment period.
The impact of COVID-19 on the global polypropylene market and other businesses was unprecedented and staggering. The markets initially witnessed losses as well. Due to the sudden increase in the need for PPE kits and facemasks for the frontline workers, including doctors, nurses, police, the military, there was a sudden surge in demand for these essentials globally. The demand for non-woven material used in manufacturing masks and protective kits has doubled since the virus outbreak.
China and Europe are the top regions exporting PPE equipment all over the world. The rise in domestic demand has spurred higher production, which is expected to stimulate market growth further. The continuous demand for PPE kits and masks is expected to uplift the market.
