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Log Splitters Market By Type, By Tonnage, By Application: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 290 Pages
  • September 2023
  • Region: Global
  • Allied Market Research
  • ID: 5916312
UP TO OFF until Nov 15th 2024
The global log splitters market is anticipated to reach $4,130.4 million by 2032, growing from $2,692.0 million in 2022 at a CAGR of 4.4% from 2023 to 2032. A log splitter is equipment used to split hardwood and softwood into pieces of the required size and shape. Log splitters have the capacity to split green logs and hardwood types like hickory, oak, maple, walnut, birch, cherry, elm, and tree logs of all varieties. It can also be used to split both wet and dry logs. Most of the log splitters available in the market can easily split logs up to 25 inches in diameter, which can be an extremely intense task to perform with an axe. For home use, small log splitters up to 20 tons are generally used. For commercial use, a splitter in the 20 to 40 ton range can be used to effectively split the log.

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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  • Consumer Buying Behavior Analysis
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  • Regulatory Guidelines
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  • Additional company profiles with specific to client's interest
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  • Criss-cross segment analysis- market size and forecast
  • Expanded list for Company Profiles
  • Historic market data
  • Import Export Analysis/Data
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • Market share analysis of players at global/region/country level
  • SWOT Analysis

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

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.5. Market Share Analysis
3.6. Brand Share Analysis
3.7. Value Chain Analysis
3.8. Regulatory Guidelines
3.9. Key Regulation Analysis
3.10. Patent Landscape
CHAPTER 4: LOG SPLITTERS MARKET, BY TYPE
4.1. Overview
4.2. Gas Powered
4.3. Manual
4.4. Electric
CHAPTER 5: LOG SPLITTERS MARKET, BY TONNAGE
5.1. Overview
5.2. Less than 15 tons
5.3. 15 to 30 tons
5.4. Above 30 tons
CHAPTER 6: LOG SPLITTERS MARKET, BY APPLICATION
6.1. Overview
6.2. Domestic
6.3. Commercial
CHAPTER 7: LOG SPLITTERS MARKET, BY REGION
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. LAMEA
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. Troy-Bilt
9.2. champion power equipment, inc.
9.3. Brave Products
9.4. Boss Industrial
9.5. YardMax
9.6. NorthStar
9.7. Swisher
9.8. Ariens
9.9. Dirty Hand Tools
9.10. Iron & Oak
List of Tables
Table 01. Global Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 02. Log Splitters Market for Gas Powered, by Region, 2022-2032 ($ Million)
Table 03. Log Splitters Market for Manual, by Region, 2022-2032 ($ Million)
Table 04. Log Splitters Market for Electric, by Region, 2022-2032 ($ Million)
Table 05. Global Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 06. Log Splitters Market for Less Than 15 Tons, by Region, 2022-2032 ($ Million)
Table 07. Log Splitters Market for 15 to 30 Tons, by Region, 2022-2032 ($ Million)
Table 08. Log Splitters Market for Above 30 Tons, by Region, 2022-2032 ($ Million)
Table 09. Global Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 10. Log Splitters Market for Domestic, by Region, 2022-2032 ($ Million)
Table 11. Log Splitters Market for Commercial, by Region, 2022-2032 ($ Million)
Table 12. Log Splitters Market, by Region, 2022-2032 ($ Million)
Table 13. North America Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 14. North America Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 15. North America Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 16. North America Log Splitters Market, by Country, 2022-2032 ($ Million)
Table 17. U.S. Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 18. U.S. Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 19. U.S. Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 20. Canada Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 21. Canada Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 22. Canada Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 23. Mexico Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 24. Mexico Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 25. Mexico Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 26. Europe Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 27. Europe Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 28. Europe Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 29. Europe Log Splitters Market, by Country, 2022-2032 ($ Million)
Table 30. Germany Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 31. Germany Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 32. Germany Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 33. Russia Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 34. Russia Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 35. Russia Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 36. Austria Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 37. Austria Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 38. Austria Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 39. Sweden Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 40. Sweden Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 41. Sweden Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 42. Finland Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 43. Finland Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 44. Finland Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 45. Rest of Europe Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 46. Rest of Europe Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 47. Rest of Europe Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 48. Asia-Pacific Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 49. Asia-Pacific Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 50. Asia-Pacific Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 51. Asia-Pacific Log Splitters Market, by Country, 2022-2032 ($ Million)
Table 52. China Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 53. China Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 54. China Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 55. Japan Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 56. Japan Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 57. Japan Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 58. India Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 59. India Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 60. India Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 61. Indonesia Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 62. Indonesia Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 63. Indonesia Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 64. Australia Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 65. Australia Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 66. Australia Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 67. Rest of Asia-Pacific Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 68. Rest of Asia-Pacific Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 69. Rest of Asia-Pacific Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 70. LAMEA Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 71. LAMEA Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 72. LAMEA Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 73. LAMEA Log Splitters Market, by Country, 2022-2032 ($ Million)
Table 74. Brazil Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 75. Brazil Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 76. Brazil Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 77. Chile Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 78. Chile Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 79. Chile Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 80. Saudi Arabia Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 81. Saudi Arabia Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 82. Saudi Arabia Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 83. South Africa Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 84. South Africa Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 85. South Africa Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 86. Rest of LAMEA Log Splitters Market, by Type, 2022-2032 ($ Million)
Table 87. Rest of LAMEA Log Splitters Market, by Tonnage, 2022-2032 ($ Million)
Table 88. Rest of LAMEA Log Splitters Market, by Application, 2022-2032 ($ Million)
Table 89. Troy-Bilt: Key Executives
Table 90. Troy-Bilt: Company Snapshot
Table 91. Champion Power Equipment, Inc.: Key Executives
Table 92. Champion Power Equipment, Inc.: Company Snapshot
Table 93. Brave Products: Key Executives
Table 94. Brave Products: Company Snapshot
Table 95. Boss Industrial: Key Executives
Table 96. Boss Industrial: Company Snapshot
Table 97. Yardmax: Key Executives
Table 98. Yardmax: Company Snapshot
Table 99. Northstar: Key Executives
Table 100. Northstar: Company Snapshot
Table 101. Swisher: Key Executives
Table 102. Swisher: Company Snapshot
Table 103. Ariens: Key Executives
Table 104. Ariens: Company Snapshot
Table 105. Dirty Hand Tools: Key Executives
Table 106. Dirty Hand Tools: Company Snapshot
Table 107. Iron & Oak: Key Executives
Table 108. Iron & Oak: Company Snapshot
List of Figures
Figure 01. Log Splitters Market, 2022-2032
Figure 02. Segmentation of Log Splitters Market, 2022-2032
Figure 03. Top Investment Pockets in Log Splitters Market (2023-2032)
Figure 04. Bargaining Power of Suppliers
Figure 05. Bargaining Power of Buyers
Figure 06. Threat of Substitution
Figure 07. Threat of Substitution
Figure 08. Competitive Rivalry
Figure 09. Global Log Splitters Market: Drivers, Restraints and Opportunities
Figure 10. Regulatory Guidelines: Log Splitters Market
Figure 11. Impact of Key Regulation: Log Splitters Market
Figure 12. Patent Analysis by Company
Figure 13. Patent Analysis by Country
Figure 14. Log Splitters Market, by Type, 2022 and 2032 (%)
Figure 15. Comparative Share Analysis of Log Splitters Market for Gas Powered, by Country 2022 and 2032 (%)
Figure 16. Comparative Share Analysis of Log Splitters Market for Manual, by Country 2022 and 2032 (%)
Figure 17. Comparative Share Analysis of Log Splitters Market for Electric, by Country 2022 and 2032 (%)
Figure 18. Log Splitters Market, by Tonnage, 2022 and 2032 (%)
Figure 19. Comparative Share Analysis of Log Splitters Market for Less Than 15 Tons, by Country 2022 and 2032 (%)
Figure 20. Comparative Share Analysis of Log Splitters Market for 15 to 30 Tons, by Country 2022 and 2032 (%)
Figure 21. Comparative Share Analysis of Log Splitters Market for Above 30 Tons, by Country 2022 and 2032 (%)
Figure 22. Log Splitters Market, by Application, 2022 and 2032 (%)
Figure 23. Comparative Share Analysis of Log Splitters Market for Domestic, by Country 2022 and 2032 (%)
Figure 24. Comparative Share Analysis of Log Splitters Market for Commercial, by Country 2022 and 2032 (%)
Figure 25. Log Splitters Market by Region, 2022 and 2032 (%)
Figure 26. U.S. Log Splitters Market, 2022-2032 ($ Million)
Figure 27. Canada Log Splitters Market, 2022-2032 ($ Million)
Figure 28. Mexico Log Splitters Market, 2022-2032 ($ Million)
Figure 29. Germany Log Splitters Market, 2022-2032 ($ Million)
Figure 30. Russia Log Splitters Market, 2022-2032 ($ Million)
Figure 31. Austria Log Splitters Market, 2022-2032 ($ Million)
Figure 32. Sweden Log Splitters Market, 2022-2032 ($ Million)
Figure 33. Finland Log Splitters Market, 2022-2032 ($ Million)
Figure 34. Rest of Europe Log Splitters Market, 2022-2032 ($ Million)
Figure 35. China Log Splitters Market, 2022-2032 ($ Million)
Figure 36. Japan Log Splitters Market, 2022-2032 ($ Million)
Figure 37. India Log Splitters Market, 2022-2032 ($ Million)
Figure 38. Indonesia Log Splitters Market, 2022-2032 ($ Million)
Figure 39. Australia Log Splitters Market, 2022-2032 ($ Million)
Figure 40. Rest of Asia-Pacific Log Splitters Market, 2022-2032 ($ Million)
Figure 41. Brazil Log Splitters Market, 2022-2032 ($ Million)
Figure 42. Chile Log Splitters Market, 2022-2032 ($ Million)
Figure 43. Saudi Arabia Log Splitters Market, 2022-2032 ($ Million)
Figure 44. South Africa Log Splitters Market, 2022-2032 ($ Million)
Figure 45. Rest of LAMEA Log Splitters Market, 2022-2032 ($ Million)
Figure 46. Top Winning Strategies, by Year
Figure 47. Top Winning Strategies, by Development
Figure 48. Top Winning Strategies, by Company
Figure 49. Product Mapping of Top 10 Players
Figure 50. Competitive Dashboard
Figure 51. Competitive Heatmap: Log Splitters Market
Figure 52. Top Player Positioning, 2022

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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