Forestry Equipment Market Share, Analysis, Size, Industry Trends, Forecast 2021-2026

Forestry Equipment Market

The global forestry equipment market will be driven by the demand for automated processes and the rise of the construction sector during the forecast period 2021-2026

30 NORTH GOULD STREET, WYOMING, USA, Aug. 22, 2022 /EINPresswire.com/ — Expert Market Research’s new report ‘Global Forestry Equipment Market Share Report and Forecast 2021-2026’ provides an in-depth analysis of the market Global Forestry Equipment Market, assessing the market based on its segments such as Product, Energy, and Major Regions like North America, Europe, Asia-Pacific, Latin America, Middle- East and Africa. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2016-2026)

Historical market size (2020): 10.3 billion USD
Forecast CAGR (2021-2026): 4%
Forecasted market size (2026): 13 billion USD

The forestry equipment market has witnessed substantial growth due to factors such as growing awareness of forest preservation and related practices in both developed and developing countries. Additionally, increased knowledge across different industries provides huge market opportunity for key players in the forestry equipment market. Additionally, the shift of logging operations from manual logging mode to automated logging mode is likely to drive the demand for forestry equipment during the forecast period.

The growing demand for timber and various by-products, as well as the move towards mechanized processes for felling forest trees, have dramatically increased the demand for forestry equipment. In addition, by developing forest machines equipped with telematics and GPS systems for real-time monitoring and tracking of machines that would increase their performance, the major players in the sector are changing the landscape of the industry. These advancements, along with the growing demand for these hybrid technologies, are expected to fuel the growth of the industry.

Additionally, demand for wooden slabs and pillars is expected to increase as the construction industry grows, which, in turn, will fuel the demand for forestry equipment. Additionally, manufacturers are focusing on designing equipment for forestry that will have reduced soil impact and energy efficiency. This in turn is expected to fuel the growth in demand for forestry equipment.

Industry definition and major segments

The science or art of planting, maintaining and caring for forests refers to forestry. Forestry equipment is called the equipment that facilitates this practice. One of the oldest sectors practiced by mankind is agriculture and forestry. We have become more dependent on agricultural and forestry products in recent years.

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On the basis of product, the industry is divided into:

Combine
Feller Bunche
Forwarding agent
Tank tops
Consolidators
Chargers
Mulch

On the basis of power, the industry is divided into:

Electric
Gas
Oil

Based on regional markets, the industry is divided into:

1 North America

1.1 United States of America
1.2 Canada

2Europe

2.1 Germany
2.2 United Kingdom
2.3France
2.4 Italy
2.5 Others

3 Asia-Pacific

3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others

4 Latin America

4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others

5 Middle East and Africa

5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Market trends

Geographically, European countries hold a major share of the global forestry equipment market and are expected to maintain their dominance. The agricultural policy of this region provides financial assistance to this sector. This helps organizations in Europe to make high-end agricultural and forestry equipment available.

Numerous measures taken by European countries to facilitate forestry activities are contributing to the growth of forest machines in the region during the forecast period. Additionally, increasing demand for forest products such as specifically grown trees, herbs, and other minerals in recent years is expected to enhance the development of the market, owing to rising awareness and health concerns.

Due to this growing demand, companies are asking for modern and robust forestry equipment. These machines can be used smoothly for chopping, splitting, collecting, storing logs and other goods. The global forestry equipment market is expected to grow at a decent rate in the coming years owing to this booming demand.

Main market players

Major market players include Deere & Company, Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., Barko Hydraulics, LLC, Caterpillar Inc., Rottne Industry AB, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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