Forestry Equipment Market Size, Share, Industry Growth Analysis 2031
Precision Business Insights has published a report on the global forestry equipment market, estimating its value at USD 11,017 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/forestry-equipment-market
The Forestry Equipment Market refers to the global industry that manufactures, distributes, and uses machinery for forest activities such as logging, harvesting, processing, and transporting timber and biomass. This comprises chainsaws, harvesters, skidders, feller bunchers, forwarders, and chippers.
Drivers:
- Rising Demand for Timber & Wood Products
- Government-backed reforestation and afforestation programs
The global forestry equipment market segmentation:
1) By Felling Equipment: Chainsaw, Feller Buncher, Harvester, Others
2) By Extracting Equipment: Forwarder, Skidder, Others
3) By On-Site: Chippers and Grinders, Delimbers and Slashers, Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the forestry equipment market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the forestry equipment market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Hitachi Construction Machinery Co. Ltd., Deere & Company, Epiroc AB, Sandvik AB, Volvo Construction Equipment, Liebherr International AG, Bell Equipment Limited, Caterpillar Inc., Kesla Oyj, Rottne Industri AB
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