Concrete Chain Saw Market forecasts on regional growth, industry players and more
Category: #business  By Rahul Varpe  Date: 2022-11-25
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Concrete Chain Saw Market forecasts on regional growth, industry players and more

The concrete chain saw market is slated to witness exponential growth by 2028 on account of the booming construction and building maintenance sector around the world. In addition, growing awareness regarding the benefits of using a concrete chainsaw is likely to fuel industry development over the forecast period.

The widespread use of concrete chain saws in roadbuilding projects, along with their increasing adoption in search & rescue and firefighting, has propelled market expansion over the past few years. Notably, industry players have been adopting lucrative strategies to cater to the rapidly expanding construction industry worldwide, which has favorably impacted the overall business outlook of the concrete chain saw market.

For instance, in December 2021, Stanley Black & Decker, a global manufacturer of household hardware and industrial tools, announced the acquisition of Excel Industries, a leading provider of residential and commercial turf equipment, and MTD Products, a U.S.-based manufacturer of outdoor power equipment. The addition of two complementary businesses enabled Stanley Black & Decker to strengthen its position as an outdoor power tool manufacturer in the industry.

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Similarly, in October 2021, Platinum Equity, a major private equity company, announced the acquisition of Oregon Tool, Inc., a U.S.-based manufacturer of high-quality cutting tools, including saw chains. The deal enabled Oregon Tool to grow its business by leveraging Platinum’s operational expertise and investment.

To cite another instance, in February 2021, STIHL, a leading producer and seller of outdoor power tools, launched its novel chain saws, dubbed the STIHL MS 881 R MAGNUM and STIHL MS 881 MAGNUM. These models claimed to offer the same power as the previous model while using a reduced amount of fuel and releasing lesser emissions, saving both time and money while also being better for the environment. These chain saws have been designed for highly demanding applications like land clearing, logging, and thinning.

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The concrete chain saw market has been bifurcated on the basis of type and region. In terms of type, the market has further been classified into pneumatic chain saw, gas chain saw, and hydraulic chain saw. The pneumatic chain saw sub-segment is speculated to expand at a considerable CAGR over the assessment timeline to reach a notable valuation by the end of 2028. Growing environmental concerns and strict regulations pertaining to carbon-emitting equipment are likely to propel the demand for air-powered pneumatic chain saws in the coming time period.

In the regional landscape, the Latin America concrete chain saw market is anticipated to progress at a CAGR of more than 4% through the projected period to account for a considerable portion of the overall industry revenue by 2028. Rising focus on infrastructural development in Latin America is expected to augment market adoption in the region over the forthcoming years.

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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