Frequently Asked Questions
The global forestry power tool accessories market was valued at USD 729.5 Million in 2022.
The forestry power tool accessories market is anticipated to grow at a CAGR of 5.1% between 2023 and 2030, reaching USD 1033.34 Million in 2030.
Saw chains are the leading segment by product, holding over 32% share in terms of value in 2022.
The trimmer lines segment will post the highest CAGR in the forecast period.
Asia Pacific is fuelling the rapid growth of the forestry power tool accessories industry, with an over one-third share in 2022.
The top players include MTD Products, STIHL, GB Forestry, and Whites Forestry. Other major players include Husqvarna, STIGA S.P.A., Bahco, and Einhell Germany AG.
The major market drivers of the forestry power tool accessories industry include emerging demand for wood and timber products, technological advancements enhancing productivity and worker safety, and a growing focus on sustainable forestry practices.
The major market restraints of the forestry power tool accessories industry include strict environmental regulations, sustainability concerns, pricing competition, and challenges associated with balancing profitability and affordability.
Key trends influencing the global forestry power tool accessories market are the adoption of highly advanced technologies like IoT and AI, increasing focus on ergonomic designs and user-friendly features in power tools, and the integration of digital platforms for enhanced efficiency and data-driven decision-making in forestry operations.
The major market opportunities of the forestry power tool accessories industry include advancements in technology such as IoT & AI, which have the potential to revolutionize forestry operations, expanding into emerging markets like Asia-Pacific and Latin America, and the growing emphasis on sustainability, creating opportunities for the development of eco-friendly power tool accessories.