Forestry Equipment Market: Global Industry Analysis and Forecast (2021-2027), By Product and Region

Global Forestry Equipment Market was valued US$9.2 Bn in 2020 and is expected to reach US$12.03 Bn by 2027, at a CAGR of 3.9% during the forecast period.

Global Forestry Equipment Market Introduction

Forestry equipment is particularly built machinery that aids in the completion of various operations such as extraction, logging, and felling. Forestry equipment assists in enhancing job efficiency and lowering labor costs. Because of the rise in agriculture and mining, the worldwide forestry equipment market is in high demand. Forestry equipment manufacturers are investing in the development of technologically advanced heavy equipment in order to increase productivity and precision in forestry operations, which is helping the market grow. The forestry equipment market is being propelled forward by the modernization of these machines with IoT-integrated solutions and cloud computing solutions. Global Forestry Equipment Market To know about the Research Methodology :- Request Free Sample Report

Global Forestry Equipment Market Dynamics

Due to the ever-increasing demand for timer-related products and a scarcity of manpower to satisfy those demands, forestry operations have undergone enormous changes in recent decades. With the use of automated tools and equipment such as forwarders and loggers, among others, the forestry operation is becoming increasingly mechanized, increasing the task's productivity and efficiency. Factors such as increased mechanization rates in developing countries' logging sectors and the increasing usage of cut-to-length logging techniques in developed countries, which are more machine intensive, are also contributing to the market's growth. Automation has reduced the need for difficult-to-fill occupations while also lowering operating expenses by eliminating labor overhead. Furthermore, in the approaching years, automation will facilitate new dimensions in the forest industry by making tasks simple, productive, and efficient, as well as attaining the required outcome in a short period of time. The market is projected to be driven by robust technological breakthroughs in logging methods, as well as innovations in forest science to improve forest operations such as minimizing fire risks and low-impact harvesting. Limitations such as product restrictions involving high investment costs, compliance with many standards while producing new products, and regular maintenance requirements to ensure smooth functioning. Furthermore, one of the primary limitations to the market growth are maintaining cost competitiveness in the worldwide market.

Global Forestry Equipment Market Segment Analysis

Skidders and forwarders are two types of extraction equipment. Because of the increasing adoption of equipment that contributes to automated technologies as well as highly mechanized processes, the product segment is expected to develop at a rate of xx%. Because of the growing demand for fast and efficient transit of logged timber from forests to supply locations, forwarders dominated the global extracting equipment category. Mulchers and loaders are types of other forestry equipment. In 2020, forwarders are estimated to account for more than a quarter of the market. In comparison to other forestry gear, demand for forwarders is predicted to be stronger, as demand for improved and faster transport of logged wood from forests to stock areas grows. Additionally, manufacturers' attempts to increase worker safety, efficiency, and convenience, as well as the longevity of forwarders, are boosting sales. Furthermore, forwarders have the capacity to stockpile big payloads, lowering the cost of forwarding. Because of its increased productivity and efficiency, this is likely to be a prominent segment in the forestry machinery market, which will maintain its dominance during the forecast period. New building projects on the edges of cities and towns are projected to result in rapid chipping and chopping of plants and trees, thereby increasing the demand for wood chipper equipment. Furthermore, the increased usage of organic mulch for landscaping, gardening, ecological restoration, and substrate for mushroom cultivation is predicted to boost demand for wood chipper machines. The segment is expected to increase due to the rising demand for wood chipper machines from amusement parks and botanical gardens, which need to shape and trim trees on their grounds to maintain aesthetics. Growing demand for the product across businesses that use wood as raw material, such as paper and pulp, and furniture, is likely to drive the market growth. Global Forestry Equipment Market

Global Forestry Equipment Market Regional Insights

In terms of market value, Europe maintained its dominance in 2020, with xx% of the worldwide forestry machinery market share. For forestry machinery, it is expected to remain a leading and fast-growing market. Several government initiatives, such as financial support for rural areas through the common agricultural policy (CAP) and measures taken by EU countries to subsidize forestry activities through national development programs, continue to encourage forestry machinery sales in the region. Furthermore, the region's growing construction industry has increased the need for wooden slabs and pillars, which is driving up demand for forestry equipment. During the forecasted period, Asia-Pacific will remain the largest and fastest-growing region. Furthermore, the region is expected to have high demand due to an increase in building and construction activities, as well as an increase in demand for woods in home furnishing applications. In addition, the Asia-Pacific region has emerged as a significant producer, user, and exporter of wood products. Industrial Round wood production has increased, but demand is expanding at a faster rate, putting a greater reliance on imports.

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Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 9.2 Bn.
Forecast Period 2021 to 2027 CAGR: 3.9% Market Size in 2027: US $ 12.03 Bn.
Segments Covered: by Product • Felling equipment • Chainsaw • Harvester • Feller buncher • Extracting Equipment • Forwarder • Skidder • On-site processing equipment • Chipper • Delimber • Other Forestry Equipment • Loader • Mulcher

Global Forestry Equipment Market, by Region

• North America • Europe • South America • MEA • Asia Pacific

Global Forestry Equipment Market Key Players

• AB Volvo • Caterpillar • Deere & Company • Doosan Infracore Co. Ltd. • Eco Log Sweden AB • Grema • Hitachi Construction Machinery Co • Husqvarna AB • Kesla OYJ • Epiroc AB • Komatsu Ltd. • Sandvik AB • LiebherrInternational AG • Volvo Construction Equipment • Bell Equipment Ltd
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Forestry Equipment Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Global Forestry Equipment Market 3.4. Geographical Snapshot of the Global Forestry Equipment Market, By Manufacturer share 4. Global Forestry Equipment Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Forestry Equipment Market 5. Supply Side and Demand Side Indicators 6. Global Forestry Equipment Market Analysis and Forecast, 2020-2027 6.1. Global Forestry Equipment Market Size & Y-o-Y Growth Analysis. 7. Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 7.1.1. Felling equipment 7.1.1.1. Chainsaw 7.1.1.2. Harvester 7.1.1.3. Feller buncher 7.1.2. Extracting Equipment 7.1.2.1. Forwarder 7.1.2.2. Skidder 7.1.3. On-site processing equipment 7.1.3.1. Chipper 7.1.3.2. Delimber 7.1.4. Other Forestry Equipment 7.1.4.1. Loader 7.1.4.2. Mulcher 8. Global Forestry Equipment Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 9.1.1. Felling equipment 9.1.1.1. Chainsaw 9.1.1.2. Harvester 9.1.1.3. Feller buncher 9.1.2. Extracting Equipment 9.1.2.1. Forwarder 9.1.2.2. Skidder 9.1.3. On-site processing equipment 9.1.3.1. Chipper 9.1.3.2. Delimber 9.1.4. Other Forestry Equipment 9.1.4.1. Loader 9.1.4.2. Mulcher 10. North America Global Forestry Equipment Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 12. Canada Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 13. Mexico Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 14. Europe Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 15. Europe Global Forestry Equipment Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 17. France Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 18. Germany Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 19. Italy Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 20. Spain Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 21. Sweden Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 22. CIS Countries Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 23. Rest of Europe Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 24. Asia Pacific Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 25. Asia Pacific Global Forestry Equipment Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 27. India Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 28. Japan Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 29. South Korea Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 30. Australia Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 31. ASEAN Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 32. Rest of Asia Pacific Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 33. Middle East Africa Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 34. Middle East Africa Global Forestry Equipment Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 36. GCC Countries Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 37. Egypt Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 38. Nigeria Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 39. Rest of ME&A Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 40. South America Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 41. South America Global Forestry Equipment Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 43. Argentina Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 44. Rest of South America Global Forestry Equipment Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Product, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Forestry Equipment Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1 AB Volvo 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Caterpillar 45.3.3. Deere & Company 45.3.4. Doosan Infracore Co. Ltd. 45.3.5. Eco Log Sweden AB 45.3.6. Grema 45.3.7. Hitachi Construction Machinery Co 45.3.8. Husqvarna AB 45.3.9. Kesla OYJ 45.3.10. Epiroc AB 45.3.11. Komatsu Ltd. 45.3.12. Sandvik AB 45.3.13. LiebherrInternational AG 45.3.14. Volvo Construction Equipment 45.3.15. Bell Equipment Ltd 45.3.16. Other Key players 46. Primary Key Insights

About This Report

Report ID 101160
Category Engineering Equipment
Published Date May 2021
Updated Date Nov 2021
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