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    Forestry Equipment Market | Covid-19 Impact Analysis

    Forestry Equipment Market | Covid-19 Impact Analysis

    Forestry Equipment Market | Covid-19 Impact Analysis
    Report code - SRCE174 Delivery - 2 Weeks
    Forestry Equipment Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Forestry Equipment Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Forestry Equipment Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Forestry Equipment Market Insights

    Forestry Equipment Market is likely to witness an impressive CAGR of 5.0% during the forecast period. The major factors, such as growing demand for wood in construction activities accompanied by the increase in usage of timber in applications of commercial construction, such as flooring and wall & roof designing, using forestry machines for wildland fire management and wildlife & sanctuary management for preserving the ecosystem in various countries including the U.S., Canada, China, and Russia, and the high growth registered by the forestry equipment sector attributing to the increasing demand for products which are made from residues and recycled materials such as sawdust used for manufacturing particleboards are expected to fuel the growth of the market during the forecast period.

    Forestry Equipment Market – Snapshot

    Growth

    5.0% for the next five years

    Major Type

    Felling Equipment

    Region with the highest demand

    North America

    Key Players

    AB Volvo, Caterpillar, Deere & Company, Doosan Infracore Co. Ltd., Eco Log Sweden AB, Grema, Hitachi Construction Machinery Co., Husqvarna AB, Kesla OYJ, and Komatsu Forest.

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    Market Share Analysis

    Forestry Equipment Market Share: Type

    Based on the type, the market is segmented as felling equipment, extracting equipment, on-site processing equipment, and others. The felling equipment accounted for 35% share of the market in the year 2019 in the U.S. Chainsaws are estimated to witness high demand in the industry because of the growing tinder-harvesting activities, globally. Furthermore, the trends of the industry, such as developing cordless & battery-powered chainsaws which are used in the maintenance of horticulture and firewood fragmentation, forestry equipment manufacturers proposing to provide products to accelerate the efficiency and productivity of farms, and the growing awareness programs by the government for forest management are expected to fuel the demand for harvesters and the growth of the forestry equipment market during the forecast period.

    Forestry Equipment Market Share: By Region

    In terms of regions, North America is contributing to a high deployment of forestry equipment attributed to the growing demand for wood products and the increasing population in the region. The deployment of equipment caters to the requirements for residential & commercial manufacturing, and the increase in usage of forest products, such as sawnwood and logwoods, for the development of infrastructure is eventually fueling the usage of forestry machines. Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Some of the key players in the forestry equipment market are-

    • AB Volvo
    • Caterpillar
    • Deere & Company
    • Doosan Infracore Co. Ltd.
    • Eco Log Sweden AB
    • Grema
    • Hitachi Construction Machinery Co.
    • Husqvarna AB
    • Kesla OYJ
    • Komatsu Forest.

     

    Market Scope & Segmentation

    Forestry equipment means apparatus, implements, appliances and machinery of any kind which are generally fixed to real property, for using it in a forest. There are different types of forestry equipment such as felling equipment, extracting equipment, on-site processing equipment, and others. 

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Forestry Equipment Market Research Report - Features

    Market Segmentation

    2

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The forestry equipment market is segmented into the following categories. 

    Forestry Equipment Market Size, Share, & Forecast, by Type:

    • Felling Equipment
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Type Analysis: Chainsaw, Harvester, and Feller Buncher)
    • Extracting Equipment
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Type Analysis: Forwarder and Skidder)
    • On-site Processing Equipment
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Type Analysis: Chipper and Delimber)
    • Others
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Type Analysis: Loader and Mulcher)

    Forestry Equipment Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of type by region type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Forestry Equipment Market in the foreseeable future?

    The forestry equipment market is expected to witness an impressive growth of 5.0% CAGR in the foreseeable future.

    Who are the key players in the Forestry Equipment Market?

    AB Volvo, Caterpillar, Deere & Company, Doosan Infracore Co. Ltd., Eco Log Sweden AB, Grema, Hitachi Construction Machinery Co., Husqvarna AB, Kesla OYJ, and Komatsu Forest are among the key players in the forestry equipment market.

    Which country/region has the highest demand of forestry equipment?

    North America is the region with the highest demand of forestry equipment. Major factors driving the growth are growing demand for wood products and increasing population in the region.

    What are the factors driving the Forestry Equipment Market?

    Growing demand for wood in construction activities accompanied by the increase in usage of timber in applications of commercial construction, such as flooring and wall & roof designing, using forestry machines for wildland fire management and wildlife & sanctuary management for preserving the ecosystem in various countries including the U.S., Canada, China, and Russia, and the high growth registered by the forestry equipment sector are the factors driving the growth of forestry equipment market.

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