As of November 30th, 2023, the global chainsaw market has achieved a size of US$2.9 billion. Looking ahead, IMARC Group forecasts the market to reach US$3.8 billion by 2032, demonstrating a compound annual growth rate (CAGR) of 2.98% during the period of 2024-2032.
A chainsaw is a portable, handheld mechanical device primarily utilized for cutting wood and wood-related materials. It operates by means of a rotating chain with attached teeth, which moves along a guide bar connected to a small cylinder powered by gasoline or batteries. Common variants of chainsaws include battery-powered, electric, and gas-powered models.
Construction and Woodworking Are Main applications of Chainsaw
Chainsaws are in high demand in the global construction and infrastructure. They are extensively utilized in various construction activities, including walls, ceilings, flooring, framing, and paneling, particularly in residential projects.
In addition, chainsaws find widespread woodworking application in activities such as tree felling, bucking, limbing, pruning, and creating firebreaks in wild land areas.
The chainsaw industry plays a pivotal role in furniture manufacturing, pulp production, infrastructure remodeling, and various construction activities across residential, commercial, and industrial sectors. Its versatility and efficiency make it an indispensable tool in these sectors, enabling precise and effective wood cutting and shaping processes.
Rapid Surge in Demand: Battery-powered and Electric-powered Chainsaws Propel Market Growth.
The increasing demand for environmentally friendly and sustainable products is expected to drive the market for electric and battery-powered chainsaws. Electric chainsaws are particularly popular for yard maintenance and landscaping in modern homes due to their user-friendly features, low maintenance requirements, lightweight design, and eco-friendly operation.
In the leading countries, growth in the adoption of electrical vehicles and growing construction sector are enhancing adoption of chainsaw which is expanding industry. As the concept of smart cities and green architecture gains traction, the demand for battery-powered chainsaws is projected to grow.
In line with this trend, CRAFTOP, a leading chainsaw manufacturer, has unveiled the Cordless Chainsaw Series, which consists of two product lines offering high-efficiency electricity solutions for residential applications. The CRAFTOP battery-powered gardening tools series integrates cutting-edge LFP battery technology, delivering portable and emission-free operation for enhanced performance and functionality. Conversely, the CRAFTOP grid-powered gardening tools series are well-suited for regions with affordable residential grid fees and utility charges.
Future of the Global Chainsaw Market
Major players in the chainsaw industry are diligently pursuing business growth strategies, including the introduction of advanced products, expanding their production capacity, and making substantial investments in their facilities. These actions are anticipated to yield prosperous results in the near future as the global chainsaw market continues to grow.
Over the next decade, this trend is expected to persist, further fueling the expansion of the global chainsaw industry. The increasing demand for chainsaws in the furniture and construction sectors is also set to contribute to the industry’s growth in the coming years. As a result, the future outlook for the chainsaw market appears promising with ample opportunities for market players to thrive and achieve substantial growth.
