Global Chainsaw Market - Market Research Report 2015 -2019
The global population is growing at a steady rate. It is estimated that by 2050, the global population will reach more than 9 billion. This growth in population will lead to rise in demand for land, which will lead to deforestation. The demand for wood for houses, furniture, fuel, pulp, and other needs will also increase simultaneously. This, in turn, will increase the demand for forest equipment. Chainsaws are not only used by loggers to cut trees, but also by residential end-users for gardening purposes, sculptors for sculpting wood or ice, and carpenters. This is propelling the demand for chainsaws worldwide.
Chainsaw manufacturers are investing in R&D to produce more efficient chainsaws in terms of power and speed. They are introducing battery-powered chainsaws that eliminate the drawback of electric chainsaws, such as limited reach of electric cords. Also, vendors are focusing on reducing noise and improving efficiency of chainsaws.
Technavio's analysts forecast the global chainsaw market to grow at a CAGR of 6.22% over the period 2014-2019.
Covered in this report
In this report, Technavio covers the present scenario and growth prospects of the global chainsaw market for 2015-2019. To calculate the market size, the report considers revenue generated from sales of the following products:
Technavio Announces the Publication of its Research Report – Global Chain Saw Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Chain Saw Market: Blount, Bosch, Husqvarna, STIHL and Hitachi
Other Prominent Vendors in the market are: Deere and Company, Emak, GreenWorks Tools, TTI, Makita, MTD, Stanley Black and Decker, and Zomax.
Commenting on the report, an analyst from Technavio’s team said: “Manufacturers of power lawn and garden equipment are incorporating cutting-edge technologies to enhance productivity and their profit. Rising prices of fuel and environmental concerns have induced the shift from gas-powered equipment to battery-powered equipment. For instance, Husqvarna Group is increasing its efforts to sell battery-powered products such as battery-powered chainsaws, robotic mowers, and hedge trimmers.”
According to the report, the global economic crisis of 2008-2009 discouraged customers from buying new forest equipment. People bought machinery parts instead of investing in capital-intensive machines. However, with the recovery in economy, there was a huge spike in the sales of new machinery. The benefits of advanced machines with better operational efficiency and productivity are attracting end-users to buy new machines.
Further, the report states that fluctuating prices of raw materials could lower the vendor's profit margins, affecting the overall market growth.
Blount, Bosch, Husqvarna, STIHL, Hitachi, Deere and Company, Emak, GreenWorks Tools, TTI, Makita, MTD, Stanley Black and Decker, Zomax.