The Log Splitters Market is Predict to reach USD 4 Billion by 2031, at a CAGR of 4.7%

Log Splitters Market Growth, Trends and Report Highlights

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).

List of Key Companies Profiled

• AriensCo
• Great Northern Equipment Distributing, Inc. (Iron & Oak)
• Troy-Bilt LLC (Stanley Black & Decker, Inc.)
• Champion Power Equipment, Inc.
• Swisher Acquisition Inc
• Boss Industrial Inc.
• Powerking Corporation
• WEN Products
• Husqvarna Group
• Ardisam, Inc. (Earthquake Outdoor Power Equipment)

Log Splitters Market Report Segmentation

By Application (Volume, Thousand Units, USD Billion, 2020-2031)

• Commercial
• Domestic

By Type (Volume, Thousand Units, USD Billion, 2020-2031)

• Electric
• Gas Powered
• Manual

By Tonnage (Volume, Thousand Units, USD Billion, 2020-2031)

• Less than 15 tons
• 15 to 30 tons
• Above 30 tons

By Geography (Volume, Thousand Units, USD Billion, 2020-2031)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Log Splitters MarketSize | Forecast to 2031

• April-2024
• 91 Pages

LAMEA Log Splitters MarketSize & Analysis Report to 2031

• April-2024
• 105 Pages

Europe Log Splitters MarketSize | Industry Research 2031

• April-2024
• 103 Pages

Asia Pacific Log Splitters MarketSize | Growth Trend 2031

• April-2024
• 107 Pages