According to a new report, published by KBV research, The Global Log Splitters Market size is expected to reach $4 billion by 2031, rising at a market growth of 4.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 5,060.3 thousand units, experiencing a growth of 14.3% (2020-2023).
The log splitters market has experienced significant expansion in recent years, driven by the growing demand for firewood, the increasing popularity of outdoor recreational activities, and the rising adoption of DIY culture. As homeowners, small-scale farmers, and outdoor enthusiasts seek efficient solutions for processing firewood and managing wood materials, the demand for log splitters continues to rise. Moreover, technological advancements in log splitter design, such as improved efficiency, safety features, and user-friendly interfaces, have further fueled market growth.
The Domestic segment is registering a CAGR of 5.6% during (2024 - 2031). Domestic log splitters are used for household purposes to cut and split firewood. They are usually lightweight, easy to use and carry, and powered by electricity or gas. They are suitable for home wood storage and provide convenience in handling logs compared to larger, more expensive industrial machines.
The Electric segment is leading the Global Log Splitters Market by Type in 2023; thereby, achieving a market value of $2 billion by 2031. Electric log splitters are powered by electricity, making them ideal indoor activity choices. Most electric log splitters are easy to use and move around and are best for small jobs. They are also a great choice for those who want to save money, as they tend to be cheaper than gas-powered models.
The 15 to 30 tons segment is experiencing a CAGR of 5% during (2024 - 2031). In forestry and logging operations, where large volumes of timber need to be processed quickly and efficiently, log splitters in the 15 to 30 tons segment are commonly used. These units can handle the demands of professional loggers, sawmills, and forestry contractors, contributing to increased demand in this segment. Additionally, log splitters in the 15 to 30 tons segment are utilized in land clearing and construction projects to process logs and timber for site preparation, road construction, and landscaping.
Full Report: https://www.kbvresearch.com/log-splitters-market/
The North America region dominated the Global Log Splitters Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.3 billion by 2031. The Europe region is anticipating a CAGR of 4.3% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 5.4% during (2024 - 2031).
By Application (Volume, Thousand Units, USD Billion, 2020-2031)
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Tonnage (Volume, Thousand Units, USD Billion, 2020-2031)
By Geography (Volume, Thousand Units, USD Billion, 2020-2031)
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