Report ID: UCMIG20G2035
Report ID:
UCMIG20G2035 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2021, the global chainsaw market reached an estimated valuation of around US$ 3.60 billion. Forecasts for its future growth trajectory suggest a moderate yet steady expansion, with projections indicating a rise to over US$ 4.92 billion by 2030. This growth is driven by a Compound Annual Growth Rate (CAGR) of 3.5%, expected to unfold during the forecast period from 2022 to 2030. Chainsaws play a vital role in various industries, such as forestry, construction, and landscaping, contributing to tasks like tree felling and wood cutting. As technological advancements continue to improve the efficiency and safety features of chainsaws, the market is positioned to cater to diverse industrial needs while maintaining steady growth.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Construction Machinery & Heavy Trucks by segment aggregation, the contribution of the Construction Machinery & Heavy Trucks in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20G2035