New Research: Lucintel Predicts a Forestry Equipment market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Forestry Equipment industry”?

This market report for forestry equipment identifies and predicts future opportunities for growth in forestry equipment industry for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for forestry equipment in the personal utility vehicles, golf carts, low speed heavy duty, and low speed off road.

According to Lucintel’s market report, the forestry equipment market is expected to reach an estimated a CAGR of 3% to 5% from 2020 to 2025. Some of the dominant players in the forestry equipment market are John Deere, Caterpillar, Claas KGaA, Hitachi, Stihl Holding, Ponsse, Husqvarna, Kubota Corporation, CNH Industrial, and Bell Equipment and others.

There are some interesting developments in forestry equipment market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include introduction of TimberMatic navigation and integration of mobile technology in forestry equipment.

Read more about this report at

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