Chainsaw Market Analysis| North America to Dominate Global Market through 2023-2027
Chainsaw Market is estimated to exhibit growth at a CAGR of 5.05% between 2022 and 2027, followed by a forecast of USD 891.91 Mn in revenue. Rising construction and infrastructure development, improving chainsaw product and training standards, and growing demand for furniture are the major elements of market advancements.
North America to Dominate Global Market through 2023-2027: Market Analysis
40% of the market growth will be generated from North America for the time 2023 to 2027 owing to determinants such as construction activities, forestry operations, landscaping, and residential use boosting the growth of the market in this region.
As per data, "the forestry and logging industry in North America is large and chainsaws are required to cut trees, handle logs, and perform other forest management tasks." therefore these factors are likely to impact market growth significantly.
Technavio's report offers an up-to-date analysis of the current global market scenario and the overall market environment that is likely to impact the market landscape region-wise.
Snapshot: North America to Dominate Global Chainsaw Market
Leading companies owing to raised demand in the regional chainsaw market, market players are expanding and introducing new products in the North American region.
AL-KO SE, Alfred Karcher SE and Co KG, ANDREAS STIHL AG and Co. KG, Briggs and Stratton LLC, Einhell Germany AG, Husqvarna AB, Jiangsu SUMEC Group Co. Ltd., Koki Holdings Co. Ltd., Lowes Co. Inc., Oregon Tool Inc., Robert Bosch GmbH, Stanley Black and Decker Inc., are some of the major market participants and comes with a wide range of offerings.
Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking along with qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem. Download our sample report on Chainsaw Market to discover more aspects of the market growth with data-backed analysis.
Chainsaw Market: Key Highlights of the Report for 2023-2027