The log splitters market demand is mainly influenced by the efficiency, safety, and consistency offered by the log splitters. Log splitters are far more efficient than manual methods of splitting logs with an axe. This is because the log splitters can split logs quickly with high consistency that reduces the time and effort required for wood cutting. Log splitters are an essential tool for people who rely on firewood for heating purpose during colder months. Also, the use of axe to split logs can be physically challenging and potentially dangerous for those who lack the necessary expertise and strength for cutting the wood. Thus, the use of log splitters can enhance safety during log splitting thereby minimizing the risk of accidents and injuries. In addition, log splitters produce consistent and uniform log pieces for effective stacking and burning. This helps in achieving consistency that can lead to better heat production and combustion efficiency. Furthermore, log splitters can handle a large volume of logs which is crucial for those who need to split a substantial amount of firewood on a regular basis especially for commercial construction activities. These factors are anticipated to drive the log splitters market size in the upcoming years.
Governments of various countries are implementing strict regulations to check illegal logging activities as illegal logging activities have a negative effect on forest ecosystems. Illegal logging puts both people and animals in danger due to the threat of deforestation. In addition, cutting of wood can lead to deforestation that can increase environmental pollution owing to increase in the amount of carbon dioxide and greenhouse gases. One of the main causes of climate change is trapped heat due to greenhouse gas emissions. Logging leads to the chances of the introduction and spread of lethal tree diseases, especially through tree stumps. The cold-weather countries heavily rely on logged wood to cope with the harsh climatic conditions, which leads to rampant logging of trees.. This may potentially restrain the growth of the log splitter market as logging activities get drastically reduced due to the stringent government rules. This directly reduces the demand for more log splitters and is further expected to hamper market growth.
The key players operating in the log splitters market are expected to witness several growth opportunities due to the integration of log splitters with Internet of Things (IoT) technology which may enable users to control and monitor the log splitter equipment remotely through mobile apps or other smart devices. This feature may give real-time information about the log splitter's status, performance, and maintenance needs. Integration of IoT in the log splitter provides the ability to monitor equipment remotely. This can benefit the users from the point of view of their safety, as severe accidents can be avoided as the operator can stay some distance away from the log splitter. The integration of IoT in a log splitter can accurately detect any technical problem in very less time. Remotely operating devices can significantly reduce the problem of intense vibration and shaking from a log splitter, which can have a serious health impact on the user. A log splitter operating on an electric power source may face electric shocks. This possibility of electric shock is completely eliminated with the integration of IoT with log splitters, as the operator operates the device remotely. Such technological advancements are anticipated to have a positive impact on the log splitters industry in the upcoming years.
The COVID-19 pandemic has had significant impacts on the market for log splitters. The pandemic slowed down economies around the world owing to stoppages in business activities, disruptions in the supply chain, shortages of workers, and others. The log splitter manufacturing activity was also completely shut down, which affected the companies negatively. The decrease in demand for the logs was directly proportional to the demand for log splitters utilized for the activity of splitting. The pandemic led to major losses in revenue for the log splitter manufacturing companies, which resulted in companies spending less or no funds on R&D activities, which hampered future growth opportunities. The decreased spending on developmental activities directly discouraged innovation. The pandemic also resulted in people spending less on activities like furniture-making due to increased financial stress, which decreased demand for wood-splitting activities.
The key players profiled in this report include Troy-Bilt, Champion Power Equipment, Inc., Brave Products, Boss Industrial, YardMax, NorthStar, Swisher, Ariens, Dirty Hand Tools, and Iron & Oak. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the log splitters market analysis from 2022 to 2032 to identify the prevailing log splitters market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the log splitters market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global log splitters market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Tonnage
- Less than 15 tons
- 15 to 30 tons
- Above 30 tons
By Application
- Domestic
- Commercial
By Type
- Gas Powered
- Manual
- Electric
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Russia
- Austria
- Sweden
- Finland
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Indonesia
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Chile
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Key Market Players
- Troy-Bilt
- champion power equipment, inc.
- Brave Products
- Boss Industrial
- YardMax
- NorthStar
- Swisher
- Ariens
- Dirty Hand Tools
- Iron & Oak
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Table of Contents
Executive Summary
According to the report, the log splitters market was valued at $2.7 billion in 2022, and is estimated to reach $4.1 billion by 2032, growing at a CAGR of 4.4% from 2023 to 2032. Log splitters are used to split the big logs into small pieces as required. The capacity to split the log depends on the force applied by the splitter, which is measured in tons. Gas-powered log splitters have the highest capacity to split the log by using force in the range of 40 to 60 tons. Electric-powered log splitters operate in the force range of 4 to 20 tons and manual log splitters in the range of 6 to 14 tons.The demand for log splitters is increasing across the world owing to a significant rise in the do-it-yourself (DIY) home improvement projects, outdoor recreational activities, and an increase in the demand for renewable energy sources. For instance, wood is considered a renewable energy source owing to which it is sued for heating purposes and for making firewood in rural areas. In addition, people are increasingly investing in their homes and outdoor living spaces. Thus, for home improvement projects, the log splitters are used for doors, flooring, wall paneling, and others. In addition, the portability of log splitters is one of the main advantage which is anticipated to drive the market growth. For instance, the log splitters that are used domestically come in small sizes and can be operated both manually and on a power source. They also need very little fuel and the force required to split the log, as domestic log splitting activity is very limited, due to which they can be manufactured in small sizes.
Log splitters are relatively expensive to purchase especially when it comes to commercial-grade or high-power log splitter models. Thus, it might not be feasible for individuals who wish to purchase log splitters for home improvement projects, for camping, bonfire, and other activities. In addition, some log splitters such as the gas-powered log splitters require regular maintenance such as changing oil, ensuring the proper functioning of engines and changing the oil. These factors are anticipated to hamper the log splitters industry growth in the upcoming years.
Extensive R&D in log splitters such as the launch of powerful hydraulic systems and efficient design is anticipated to generate excellent growth opportunities. For instance, the newly launched log splitters feature a well-designed and powerful hydraulic system with the use of high-quality hydraulic pumps, valves, and cylinders. This helps in boosting the speed of wood cutting operations as well as increasing the force of splitting machine. Also, recent advancements and use of a durable and efficient splitting wedge made from alloyed metals that can handle various wood types and log sizes is estimated to create growth opportunities in the market. These specialized wedges with advanced cutting edges can enhance the splitting process. Log splitters with multi-way splitting capabilities can be developed that allow multiple logs to be split simultaneously, which can further improve productivity.
The log splitters market share is segmented on the basis of type, tonnage, application, and region. By type, it is classified into gas powered, manual, and electric. By tonnage, it is classified into less than 15 tons, 15 to 30 tons, and above 30 tons. By application, it is classified into domestic and commercial. By region, the market is analyzed across North America, Europe, Asia-Pacific, and Latin America.
The key players profiled in the log splitters market report include Troy-Bilt, Champion Power Equipment, Inc., Brave Products, Boss Industrial, YardMax, NorthStar, Swisher, Ariens, Dirty Hand Tools, and Iron & Oak.
The report offers a comprehensive analysis of the global log splitters market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also highlights the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.
Impact of COVID-19 on the Global Log Splitters Industry
The pandemic led to a negative impact on the log splitters market growth as the demand for log splitters from several industries such as entertainment, hospitality, tourism, and others was significantly hampered.In addition, with restrictions on large gatherings and events, the need for firewood for activities like campfires, outdoor parties, and festivals was reduced. Thus, the demand for log splitters was also hampered.
The economic crisis, shortage of labor, and shutdown of manufacturing units led many businesses to cut back on non-essential expenses such as the purchase of log splitters. Also, the manufacturing and supply chain disruptions affected the availability of log splitters. This was majorly owing to the delays in production as well as shipping and delivery of items that affected the commercial businesses.
Key Findings of the Study
Based on type, the electric sub-segment emerged as the global leader in 2022 and the gas powered sub-segment is predicted to show the fastest growth in the upcoming years.Based on tonnage, the less than 15 tons sub-segment emerged as the global leader in 2022 and the 15 to 30 tons sub-segment is predicted to show the fastest growth in the upcoming years.
Based on application, the domestic sub-segment emerged as the global leader in 2022 and is predicted to show the fastest growth in the upcoming years.
Based on region, North America registered the highest market share in 2022 and Europe is projected to be the fastest growing during the forecast period.
Companies Mentioned
- Troy-Bilt
- champion power equipment, inc.
- Brave Products
- Boss Industrial
- YardMax
- NorthStar
- Swisher
- Ariens
- Dirty Hand Tools
- Iron & Oak
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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