Log Splitters Market Expected to Reach $4.1 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Log Splitters Market," The log splitters market size 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 log splitters market share 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. These factors are major drivers influencing the log splitters market expansion in the coming years.

Log splitters are relatively expensive to purchase especially when it comes to commercial-grade or high-power log splitter models which may hamper the log splitters market opportunities. 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 market forecast.

Extensive R&D in log splitters market 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 analysis 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.