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.
Request a free PDF sample or view the report [email protected]
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.
Explore the Full Report with Table of [email protected]
On the basis of product, the industry is divided into:
On the basis of power, the industry is divided into:
Based on regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
4 Latin America
5 Middle East and Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
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.
Sodium Metal Market: https://www.expertmarketresearch.com/reports/sodium-metal-market
Footwear Market: https://www.expertmarketresearch.com/reports/footwear-market
United States Roofing Market: https://www.expertmarketresearch.com/reports/united-states-roofing-market
Pour Point Depressants Market: https://www.expertmarketresearch.com/reports/pour-point-depressants-market
Chlorinated Polyethylene Market: https://www.expertmarketresearch.com/reports/chlorinated-polyethylene-market
Oleochemicals Market: https://www.expertmarketresearch.com/reports/oleochemicals-market
Maintenance Repair Operations MRO Market: https://www.expertmarketresearch.com/reports/maintenance-repair-operations-mro-market
Socks Market: https://www.expertmarketresearch.com/reports/socks-market
Motorcycle Sidecars Market: https://www.expertmarketresearch.com/reports/motorcycle-sidecars-market
Washing Machine Market: https://www.expertmarketresearch.com/reports/washing-machine-market
Expert Market Research (EMR) is a leading market research company with clients worldwide. Through comprehensive data collection and skillful data analysis and interpretation, the company provides its clients with comprehensive, up-to-date and actionable market insights that enable them to make informed and intelligent decisions and strengthen their position in the market. market. The clientele ranges from Fortune 1000 companies to small and medium enterprises.
EMR customizes syndicated reports based on client requirements and expectations. The company is active in more than 15 leading industry areas, including food and beverage, chemicals and materials, technology and media, consumer goods, packaging, agriculture and chemical products. pharmaceuticals, among others.
Over 3,000 EMR consultants and over 100 analysts work very hard to ensure that clients get only the most up-to-date, relevant, accurate and actionable information in the industry so they can formulate informed business strategies , efficient and intelligent and secure their market leadership.
Expert market research
write to us here
Visit us on social media: