The Forestry Equipment Market is Segmented by Type (Felling Equipment, Extracting Equipment, On-site Processing Equipment, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Forestry Equipment Market is Segmented by Type (Felling Equipment, Extracting Equipment, On-site Processing Equipment, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
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The forestry equipment market is likely to grow from USD 9.8 billion in 2021 to reach USD 13.69 billion by 2028 at a healthy CAGR of 4.81% during the forecast period.
To know in detail about this report,
What isforestry equipment?
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.
Forestry Equipment Market Report Overview
Market Size in 2028
USD 13.69 billion
Market Size in 2021
USD 9.8 billion
Market Growth (2022-2028)
CAGR of 4.81%
Base Year of Study
2021
Trend Period
2016-2019
Forecast Period
2022-2028
Segments Covered
By Type (Felling Equipment, Extracting Equipment, On-site Processing Equipment, and Others) and
By Region (North America, Europe, Asia-Pacific, and Rest of the World)
Dominant Region
North America held a market share of more than 35.6% in 2021.
Market Drivers
These factors are expected to boost the demand for the market in the coming year:
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.
The increasing demand for products that are made from residues and recycled materials such as sawdust used for manufacturing particleboards.
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 2021 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.
By Region
North America held a market share of more than 35.6% in 2021, 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 sawn wood and logwood, 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.
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Segmentation
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.
The marketis segmented into the following categories.
By Type:
Felling Equipment
(Type Analysis: Chainsaw, Harvester, and Feller Buncher)
Extracting Equipment
(Type Analysis: Forwarder and Skidder)
On-site Processing Equipment
(Type Analysis: Chipper and Delimber)
Others
(Type Analysis: Loader and Mulcher)
By Region:
North America (Country Analysis: the USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the 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 a 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 books, press releases, journals, investor presentations, 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 qualitative and quantitative insights.
Report Features
This report provides 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 dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.
Report – Features
Segmentation
2
Regions Covered
4
Countries/Sub-Regions Covered
17
No. of Figures & Tables
>130
Company Profiles
10
The following are the key features of the report:
Overview, industry life cycle, and supply chain analysis
Report environment analysis: Growth drivers and constraints, Porter’s five forces, and SWOT analysis
Trend and forecast analysis.
Segment trend and forecast.
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive 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 sales@stratviewresearch.com.
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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.
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 market.
North America is the region with the highest demand. Major factors driving the growth are growing demand for wood products and increasing population in the region.
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 market.
