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Global Chainsaw Market Outlook 2017-2026, With the Market Value to Grow at a CAGR of 6.8%

- Jun 22, 2018 -

Global Chainsaw Market Outlook 2017-2026, With the Market Value to Grow at a CAGR of 6.8% 

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The Global Chainsaw Systems Market is expected to grow at a CAGR of 6.8% during the forecast period.

Factors such as decreasing price of gasoline, increasing global population at a steady rate and growing preference for battery-powered chainsaws are impelling the market growth. However, a high maintenance cost is the major factor restricting the market growth. In addition, the trend for imports of crude oil is also increasing in different countries such as Canada, France, Germany and the US.

A chainsaw is a power tool regularly carried by hand. It can be powered by electricity or gas-powered engines. Chainsaws are used mainly in various wood cutting applications like bucking, pruning, cutting, and felling trees. These appliances could either be electric or gas-powered and the cutting chain runs along the chain bar to saw the wood. Chainsaws are used by both commercial and non-commercial end-users.

Amongst product, gas chainsaws segment is accounted for significant shares in the global market. As it is a power source, these appliances are powered with two-stroke petrol engines, and they are extremely dependent on fuels to carry out their functions. It has been noted that in the past three years, the crude oil import prices have considerably dropped, which, in turn, will increase the sales of gas chainsaws products and push the rate of revenue generation in the global market.

Quote from:ResearchAndMarkets.com

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