Global Chainsaws Market to Reach $1.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Chainsaws estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at aCAGR of 3.5% over the period 2020-2027. Electric-Powered, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$529.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Gas-Powered segment is readjusted to a revised 3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $340.7 Million, While China is Forecast to Grow at 6.5% CAGR
The Chainsaws market in the U.S. is estimated at US$340.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$339.8 Million by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.We bring years of research experience to this 8th edition of our report. The 184-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Blount International, Inc.
- Briggs & Stratton Corporation
- ECHO Inc.
- Hikoki NZ Ltd.
- Husqvarna AB
- Makita USA, Inc.
- QVTOOLS LLC.
- Remington LLC
- Robert Bosch GmbH
- STANLEY Infrastructure
- STIHL, Inc.
- Techtronic Industries Co. Ltd.
- Zhejiang Zomax Garden Machinery Co., Ltd.