Global Chainsaw Market 2019-2023
Chainsaw is a portable power tool used for cutting wood. Electric-powered chainsaws are gaining popularity due to decreased emissions as compared with gas-powered chainsaws. Among electric-powered chainsaws, the corded chainsaws have a power cord, which restricts the movements of the user to a certain distance due to its length.
Technavio’s analysts forecast the Global Chainsaw Market to grow at a CAGR of 4.73% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the chainsaw market. To calculate the market size, the report considers the sales of different types of chainsaws across the globe.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report - Global Chainsaw Market 2019-2023
Technavio recognizes the following companies as the key players in the global chainsaw market: ANDREAS STIHL, Hitachi, Husqvarna Group, Makita, and Stanley Black & Decker.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the increasing consumer preference for cordless chainsaws. Some chainsaw manufacturers are focused on expansive product launches in the cordless chainsaw segment as these chainsaws offer better maneuverability and gaining significant popularity among end-users.”
According to the report, one driver influencing this market is the rise in demand for increasing deforestation due to rising demand for commodities. The growth of the global chainsaw market is fueled by rise in demand for products like soybeans, palm oil, and wood products which is leading to deforestation. Also, the growing population worldwide will require more land and deforestation which expected to augment the growth of the global chainsaw market over the next few years.
Further, the report states that one challenge affecting this market is the risks associated with using chainsaws. Improper use of chainsaws is a major challenge for the growth of the global chainsaw market as it has resulted in several injuries and death.
Stanley Black & Decker