Global Demand for Chainsaws Forecast to Expand 3.4% Annually Through 2023

According to the Freedonia Group study Global Forestry Equipment, demand for felling equipment is projected to rise 2.9% annually through 2023 to $3.3 billion, supported by two main trends:

• greater mechanization of felling operations in developing countries
• the replacement of older equipment in developed areas

More information regarding the study is here: https://www.freedoniagroup.com/industry-study/global-forestry-equipment-3779.htm

Manufacturers are introducing improved machinery and components to increase durability, performance, efficiency, and operator safety and comfort. In a competitive market with many participants with sizable research and development operations, this is necessary to remain competitive.

Global demand for chainsaws is forecast to expand 3.4% annually through 2023 to $1.4 billion. A number of factors will boost demand for chainsaws:

• significantly lower cost of chainsaws compared to other types of felling equipment
• ability to use chainsaws in terrain that is not amenable to the use of larger equipment
• relatively short lifespan of chainsaws compared to other types of felling equipment, heightening replacement demand
• widespread use of chainsaws in comparison to more advanced equipment, which is only found in mechanized markets

Contact Corinne Gangloff for an interview with the analyst.

Additional Machinery & Equipment studies can be viewed here:

https://www.freedoniagroup.com/industry-category/mach/machinery-equipment.htm