세계의 체인톱 시장(2022-2029년)
Global Chain Saw Market - 2022-2029
세계의 체인톱 시장 규모는 예측기간(2022-2029년)에 CAGR 5.1%로 성장할 것으로 예측됩니다.
A chainsaw is a portable, handheld mechanical tool used primarily for cutting wood and wood-related products. It cuts with teeth attached to a rotating chain that runs along a guide bar that is connected to a small cylinder for gasoline or battery power. The growing urbanization along with the increasing deforestation rate for infrastructural development are currently driving the market growth. Moreover, the improving consumer living standards and their rising focus on interior decor are also propelling the demand for wood-based flooring, panels, roofing, etc.
Additionally, the growing per capita expenditures on high-end and premium wooden furniture are further augmenting the utilization of chainsaws in furniture manufacturing applications. Additionally, a significant growth in the hospitality sector is also catalyzing the demand for chainsaws in the installation of various types of hardwoods, such as oak, maple, teak, etc., which provide high durability and enhanced aesthetics.
The global chain saw market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 5.1% during the forecast period (2022-2029).
Market Dynamics: Rising adoption of eco-friendly products is driving the growth of the market
The surging demand for eco-friendly products is anticipated to propel the market in the forecast period. As the gas-powered equipment releases hazardous gases, which ultimately leads to air pollution, thus, there is a significant demand for electrical and battery-powered products among the customers, as people and consumers are getting more conscious about the environmental conditions and initiate towards sustainable products. As a result, the products that cause harm to the environment are used less by consumers. For instance, in August 2022, Renolon 66% of consumers worldwide say they're willing to pay more for sustainable brands. In addition, the demand for battery-powered or electric chainsaws has witnessed a growth in domestic usage to maintain the yards. These kind of chainsaw are lightweight, sustainable, require less maintenance, and anyone can easily operate them.
Furthermore, the things such as changing the oil of machines, and fuelling and to keep the machine running smoothly are expected to be crucial factors in the conversion to electric chainsaws and the growth of the market. As a result, manufacturers and various industrialists are concentrating on introducing technologically improved products and solutions which adds to the growth of the market.
However, high prices of raw material, as well as increasing regulatory bans and restrictions, is acting as restraint for the chainsaw market.
Market Segmentation: Electric chainsaw stands for the highest share in global chainsaw market
In 2021, the electric chainsaw segment had the highest revenue share of YY percent. Electric chainsaw is gaining more demand over gas powered and conventional chainsaw, owing to its ease of operation, less noise, reduced kickbacks, and easy storage. The growing concerns about the carbon emissions, electric or battery-powered tools are growing the demand which is likely to influence the growth of electric chainsaw market.
In addition, growing popularity of electric chainsaw among home and farm owners for clearing light brush, trimming hedges, and pruning trees has been adding to the growth of the market growth in coming years. Furthermore, larger electric chainsaws are capable of carrying out heavy duties including moderate bucking and cutting firewood. Additionally, growing scope of application in variety of tasks is driving the segment growth.
Geographical Penetration: North America is the dominating region during the forecast period
In 2021, North America had the highest revenue share of almost YY percent. The companies in the chainsaw market are increasingly launching and expanding new products in the North America region owing to the consistently rising demand in the region. For instance, Husqvarna launched new product line which includes two new 70cc saws, two redesigned 50cc saws, gas-powered tree care saw & some new equipment essentials and expanded its line of X-Cut chainsaw chains in North America to mark its 60th chainsaw anniversary in 2019. In addition, such as improved mechanization techniques, climate, favorable fixed investment, coupled with the expansion of the commercial market has played a key role in the growth of the chainsaw market in North America.
The global chain saw market is competitive and comprises players such as Hitachi Ltd., Robert Bosch GmbH, Husqvarna Group, Makita U.S.A. Inc., Andreas Stihl AG & Co. KG, Remington Power Tools, Stanley Black & Decker Inc., Blount International Inc., Briggs & Stratton Corporation and Zhejiang Zomax Garden Machinary Co. Ltd. among others. The chainsaw market competitiveness is estimated to increase over the forecast period as the key players focus on various strategies such as acquisition, joint ventures agreements and product innovation for various end use industries. Moreover, growing demand for sustainable, and eco-friendly products also leads to product launches, collaborations, acquisitions and expansions which leads to the growth of the market.
COVID-19 Impact: Negative impact on global chainsaw market
The COVID-19 pandemic has adversely affected the various countries and their economies across the world due to closure of business, lockdowns, and bans on travel and transport. Food & beverages, agriculture are among the major industries suffered from intense disruptions such as restrictions on the supply chain and the shutdown of warehouse plants.
The COVID-19 outbreak has severely impacted the overall supply chain of the chain saw sales. The halt in production of the products and end use sector operations have also affected the chain saw sales negatively. Thus, the global pandemic has affected the overall growth of the chain saw in the year 2020 and 2021 owing to the sudden outbreak of the virus and the pandemic caused due to that, it has led to the implementation of stringent lockdown regulations by the government across the globe which resulted in disruptions in import and export activities of the products.
In addition, the restrictions from government for transport & supply have also impacted the chain saw market. However, the manufacturers and the key players are coping up with the situation and there has been increase in demand for chain saw.
The global chain saw market report would provide an access to approximately 53 market data tables, 40 figures and 175 pages