In 2023, the import of chain saws to India stood at an approximate value of 882,000. Forecast data suggests a steady growth from 2024 to 2028, with values increasing from 931,410 to 1,125,000 (in thousands). The year-on-year growth from 2023 to 2024 is about 5.6%, while from 2024 onwards, it averages around 5% annually. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 4.8%.
Future trends to watch for:
- Technological advancements in chain saws that might spur demand.
- Policy changes in import tariffs or regulations affecting the market.
- Expanding applications of chain saws in industries beyond forestry.
