The forestry power tool accessories market is expected to grow at a CAGR of 4.98% during the forecast period

ReportLinker
4 min read
0
ReportLinkerReportLinker
ReportLinker

This study considers a detailed scenario of the present Forestry Power Tool Accessories Market and its market dynamics for 2022?2027. It covers a detailed overview of several market growth enablers, restraints, and trends.

New York, May 02, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Forestry Power Tool Accessories Market - Global Outlook & Forecast 2022-2027" - https://www.reportlinker.com/p06272729/?utm_source=GNW
The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

The forestry power tool accessories market is expected to grow at a CAGR of 4.98% during the forecast period

MARKET GROWTH ENABLERS

• Growth in Commercial Construction Market
• Demand For Forestry Power Tool Accessories in Residential Spaces
• Rising Demand for Implementation of Safety Guidelines

COVID-19 IMPACT

The COVID-19 outbreak has impacted the global forestry power tool accessories market on a large scale. The fall in demand for accessories is due to the closure of most retail spaces and a halt in various commercial and residential constructional activities.

KEY HIGHLIGHTS

• The low operating cost of chainsaws is driving the global forestry power tool accessories market. This is because the applications require high-quality performance tools like chainsaws used in tree falling and clearing of shrubs and greens.
• Innovation in technology by key vendors is also driving the forest power tools manufacturing industry. For instance, the evolution of eco-friendly products in the gardening and forestry industry has gained traction among manufacturers. The adoption of eco-friendly products represents the next evolution in portable power tools.
• Growth in the commercial construction market is driving the forestry machinery market. During post-pandemic, the construction market is expected to witness positive growth due to a growing demand for projects across most commercial construction work areas coupled with recovering economy.
• forestry accessories in residential spaces, contributing to the forestry power tool accessories market share. The growing urbanization is expected to show significant demand in the accessories market due to the increased firewood demand in cold countries like Canada, China, and Russia.
• It is expected that there will be a huge demand for electric chain saws as they are easy to operate, store and light in weight with a wide range of guide bars and chains.

GLOBAL FORESTRY POWER TOOL ACCESSORIES MARKET SEGMENTS

In terms of product type, the saw chains segment is likely to witness the highest growth rate at a CAGR of more than 6%, followed by trimmer lines, growing at a CAGR of 5.61% during the forecast period.

The applications of saw chains are wide. The demand for chainsaws typically increases after storms and cold winters due to cutting tree barks. This has driven the demand for chainsaws in palm oil and soybean production. In addition, cold countries like Russia, Canada, and the US see a massive demand for firewood in chilly winters due to the increase in fuel prices across the globe.

Segmentation by Product

• Saw Chains
• Guide Bars
• Trimmer Lines
• Brush Cutter Blades
• Harvester Chains
• Spark Plugs

GEOGRAPHICAL OUTLOOK

• The US residential sector supports the demand for forestry power tool accessories across North America. Factors such as government stimulus, high household incomes, and increasing demand for home improvement led to the expansion of the residential construction sector across the country.
• In APAC, forestry tools and accessories are mainly driven by Australia, China, and Japan. Moreover, Japan is considered the major contributor of wood and exports its wooden products to many countries such as China, the US, and many more. The growing demand for renovation and growing commercial infrastructure are expected to increase the demand for forestry accessories in the region.

Segmentation by Geography

• North America
o US
o Canada

• Europe
o Germany
o UK
o Italy
o France
o Spain
o Sweden
o Poland
o Netherlands
o Denmark
o Norway
o Finland

• APAC
o China
o Japan
o Australia

• Latin America
o Brazil
o Mexico
o Rest of Latin America

• Middle East & Africa
o UAE
o Saudi Arabia
o Rest of MEA

VENDOR LANDSCAPE

The key leading vendors in the global forestry accessories market are Husqvarna, STIHL, STIGA, Oregon, and MTD Products, to mention a few. The competition among these key players is intense globally. The competition between vendors is based on product offerings and pricing. Various vendors use new business models and focus on developing their product portfolios to drive growth.

Key Vendors
• Husqvarna
• MTD Products
• STIGA S.P.A
• STIHL
• Oregon

Other Prominent Vendors
• Bahco
• Cannon Bar Works
• Einhell
• Iggesund
• GB Forestry
• Kärcher
• Whites Forestry
• WORX
• Zomax
Read the full report: https://www.reportlinker.com/p06272729/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________

CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001


Advertisement

Recommended Stories

  • Jeff Bezos' Most Prized Possession Breaks Historical Auction Records At Almost $53 Million

    Jeff Bezos amassed his wealth through Amazon stocks and owns hundreds of millions of dollars worth of real estate, but one of his most valuable possessions may surprise you: art. Among his collection is the renowned piece "Hurting the Word Radio #2 (1964)" by Ed Ruscha, purchased by Bezos for almost $53 million. This artwork, a prime example of Ruscha’s text-based paintings, stands as a signature piece in Bezos’ collection. As concerns over stock market volatility persist, the world’s wealthiest

  • Warren Buffett's Latest $2.6 Billion Buy Brings His Total Investment in This Stock to More Than $77 Billion in Under 6 Years

    The Oracle of Omaha has purchased shares of his favorite stock for 23 consecutive quarters.

  • Nvidia Dethroned: This AI Chip Stock Now Rules This Elite Screen

    Broadcom just ended the reign of Nvidia, usurping the top spot on this list of new buys by the best mutual funds.

  • I Finally Decided to Cut My Losses and Sell This Stock -- Here's Why

    This real estate technology company could be hit hard by a changing real estate market.

  • Chip Workers Are Likely to Quit Jobs, Worsening Labor Shortage

    (Bloomberg) -- At a time when the US is looking to attract more skilled workers to semiconductor manufacturing, many current employees are rethinking whether they want to stick around, according to a McKinsey & Co. report that underscores the chip industry’s labor challenges.Most Read from BloombergElon Musk Pledges to Grow Supercharger Business He Just DecimatedApple Nears Deal With OpenAI to Put ChatGPT on iPhoneBiden Set to Hit China EVs, Strategic Sectors With TariffsJim Simons, Code Breaker

  • With Apple entering the fight, the AI chip wars have gone nuclear

    The AI PC chip wars are going nuclear as Apple officially joins the fight with its M4 processor.

  • McDonald’s Will Offer a $5 Meal Deal to Lure Customers Back Into Stores

    (Bloomberg) -- McDonald’s Corp. is looking to launch a $5 meal deal in the US that the burger chain is betting can lure penny-pinching consumers back in.Most Read from BloombergElon Musk Pledges to Grow Supercharger Business He Just DecimatedApple Nears Deal With OpenAI to Put ChatGPT on iPhoneBiden Set to Hit China EVs, Strategic Sectors With TariffsJim Simons, Code Breaker Who Mastered Investing, Dies at 86Ice Cube’s Big3 Basketball League Sells Its First Team in $10 Million DealThe deal could

  • Bitcoin Is In a 'Bore You to Death' Phase, but Bottom Could Be Close, Analysts Say

    The current boring crypto market could last between one to six months, and the sentiment will be the most negative right before the turnaround, one hedge fund manager said.

  • Macrogenics Stock Drops 77% After Study Deaths

    MacroGenics shares plunged 77.4% on Friday, erasing $773.2 million in market value, after the biotech reported late Thursday that five patients died in a study of the company’s cancer drug. MacroGenics said two of the deaths were deemed unrelated to the drug, known as vobra duo, according to researchers. “The cause and effect with regard to the drug is still being investigated,” Chief Executive Scott Koenig said of the three deaths on the company's first quarter earnings call on Thursday.

  • Tesla’s Autopilot caused a fiery crash into a tree, killing a Colorado man, lawsuit says

    The widow of a man who died after his Tesla veered off the road and crashed into a tree while he was using its partially automated driving system is suing the carmaker, claiming its marketing of the technology is dangerously misleading. The Autopilot system prevented Hans Von Ohain from being able to keep his Model 3 Tesla on a Colorado road in 2022, according to the lawsuit filed by Nora Bass in state court on May 3. Von Ohain died after the car hit a tree and burst into flames, but a passenger was able to escape, the suit says.