Chainsaw Market Will Grow at Highest Pace Owing to Increased Application In Construction Industry

The chainsaw market involves power tools that are used to cut wood by employing a serrated steel cutting chain that rotates at high speeds. Chainsaws are extensively used in forestry, logging, and landscaping activities. They are also employed for agricultural pruning, cutting firewood, and storm cleanup. Chainsaws come with gasoline-powered or electric-powered engines and generate power in the range of 1-5 horsepower. They have compact sizes for mobility and a lightweight handle with an on/off switch. Chain lubrication system prevents overheating of the chain. Global popularity of do-it-yourself home improvement projects and increasing construction activities have augmented the demand for chainsaws.

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 2024 to 2031.

Key Takeaways

Key players operating in the Chainsaw Market Size 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, BD (Becton, and Company), and Helio Health (Laboratory for Advanced Medicine), among others. Growing urbanization and infrastructure development have fueled the demand for chainsaws from construction companies to fell and dismantle trees. Technological advancements include the development of chainsaws with superior ergonomics, low noise and vibration levels, automatic chain lubrication, and ease of operation.

Market Trends

Growing use of battery-powered chainsaws - With growing awareness about pollution caused by gasoline-powered equipment, major manufacturers are focusing on developing battery-powered chainsaws. They generate less noise, are more environment-friendly and easy to operate.

Increasing application of robotic chainsaws - Researchers are working on designing robotic chainsaws that can fell and cut trees automatically with precise control. This will improve worker safety in logging operations.

Market Opportunities

Rising agricultural forestry practices in developing nations will boost chainsaw adoption for tasks such as pruning and land clearing.

Growing popularity of do-it-yourself home and gardening maintenance activities during the pandemic has increased the sales of small household chainsaws.

Impact of COVID-19 on Chainsaw Market Growth

The COVID-19 pandemic has significantly impacted the growth of the chainsaw market. During the pre-COVID times, the market was growing steadily at a CAGR of 14% driven by increasing demand from construction and forestry sectors. However, the outbreak of the pandemic resulted in lockdowns and disruption of supply chains. This led to a decline in market demand as construction activities were halted and less wood was harvested in forests.

During the initial months of the pandemic, global chainsaw sales dropped by over 30% as compared to pre-COVID levels. The demand from commercial end-users such as contractors, landscapers and loggers declined sharply. Manufacturing facilities also faced challenges due to lockdowns and shortage of labour. This hampered the production and increased lead times.

However, as lockdowns eased, the demand started to recover steadily from mid-2020 onwards driven by increasing home improvement and DIY projects. Demand from rural areas engaged in logging and firewood collection also supported market recovery. To stay competitive, companies focused on strengthening their online sales channels and offering rental options to attract customers. They also diversified into manufacturing of PPE kits to boost revenues.

Looking ahead, the chainsaw market is expected to resume its growth trajectory though at a slower pace compared to pre-COVID levels. Companies would need to focus on effective supply chain management, new product launches catering to personal user segments and expansion in developing countries for stronger growth post pandemic. Digital marketing initiatives can further aid demand generation.

North America Dominates Global Chainsaw Market by Value
In terms of value, North America dominates the global chainsaw market with over 35% share. This is due to high demand from residential as well as commercial end-users across sectors such as construction, landscaping and forestry. The region is home to developed forestry and lumber industry which propels chainsaw demand.

Also, presence of established players such as Husqvarna, Stihl and Makita have resulted in widespread availability of chainsaws at competitive prices. Favorable government regulations and rising remodelling projects in the US and Canada are other factors supporting market growth. With economic recovery underway, the demand in North America is projected to continue exceeding global averages in the coming years.

Asia Pacific Emerges as Fastest Growing Region in Chainsaw Market

Asia Pacific region is poised to grow at the fastest rate in the global chainsaw market during the forecast period. This is attributed to increasing construction activities, infrastructure development projects and expansion of wood harvesting industry across developing nations.

Countries like China, India and Indonesia are estimated to drive much of the future demand owing to rising disposable incomes, urbanization and growing homeownership. Also, lower manufacturing costs have led to establishment of assembly plants by global companies in the region. This has augmented the availability of products.

Local chainsaw makers are also gaining popularity among price-sensitive consumers and small companies. Overall, Asia Pacific is projected become a major consumption hub translating to higher CAGRs compared to mature Western markets.