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The future of the forestry equipment market looks promising with opportunities in felling, extracting, and on-site equipment. The global forestry equipment market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $10.6 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major drivers for this market are economic growth and increasing demand for round wood in both construction and infrastructure activities.
Emerging trends, which have a direct impact on the dynamics of the forestry equipment market, include introduction of TimberMatic navigation and integration of mobile technology in forestry equipment.
A total of 163 figures / charts and 107 tables are provided in this 213 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of forestry equipment market report download the report brochure.
Forestry equipment opportunities have evolved through number of stages as presented in figure below:
Evolution of Forestry Equipment Opportunities