Forestry Equipment Market Size, Share, Trends, Key Drivers,...

Forestry Equipment Market Size, Share, Trends, Key Drivers, Development Trends and Industry Growth Outlook

Posted 2023-06-06 16:22:22

The forestry equipment market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.3% in the forecast period of 2021 to 2028 and expected to reach USD 12,942.83 million by 2028. Increasing adoption of automation in different industries is aiding growth of this market.

Forestry equipment are used for logging, the equipment aid in cutting, processing, loading and transportation of logs to desired locations such as mil for further processing as the woods are extremely tall and heavy and require heavy machinery to cut and lift them. Traditionally, the work was done manually but involved several injuries at the site and the project used to take much longer. Logging is the beginning process for providing wood as a raw material to be used in many applications such as housing, energy, construction and consumer paper products. Logging systems are also used for managing forests, reducing the risk of wildfires and restoring ecosystem functions.

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The major players covered in the report are Konrad Forsttechnik GmbH, Komatsu Forest (a subsidiary of Komatsu Ltd.), HSM Hohenloher Spezial-Maschinenbau GmbH & Co. KG, SP Maskiner, Log Max AB, FTG Cranes AB, CRANAB AB, PIŠEK - Vitli KRPAN d. o. o., Palmse Mehaanikakoda, Penz crane GmbH, Quadco Inc., Southstar Equipment, Rotobec and among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Scope of the Forestry Equipment Market Report:

The forestry equipment market is segmented on the basis of type, product, power source, material, forest type, system type, technique and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of type, the forestry equipment market is segmented into felling equipment, extracting equipment, on-site processing equipment, cutting and loading equipment and other equipment. In 2021, felling equipment segment is dominating as this is basically utilized for tree cutting such as timber, pine trees and is even stated to be the first process of cutting the trees.
On the basis of product, the forestry equipment market is segmented into delimbers, feller bunchers, stump grinders, mulchers, yarders, forwarders, log loaders, harvesters, skidders, timber transport trucks, chippers for energy-wood and others. In 2021, harvesters segment holds the largest market share in product segment as it is cost effective solution for harvesting trees directly.
On the basis of power source, the forestry equipment market is segmented into petrol, electric corded, battery, cordless and others. In 2021, petrol segment has been accounted for the highest market share in power source segment as the engines of equipment is powered by petrol for producing more power for work to be done on the field.

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Forestry Equipment Market Regional Analysis/Insights

The Forestry Equipment market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.

The countries covered in the Forestry Equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Forestry Equipment within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Forestry Equipment market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.

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