According to a new market report published by Lucintel, the future of the forestry equipment market looks promising with opportunities in felling, extracting, and on-site equipment. The 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.
Browse 107 market data tables and 163 figures spread through 213 pages and in-depth TOC on “Forestry Equipment Market"
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In this market, felling, extracting, and on-site processing equipment are used in a variety of forestry activities. On the basis of its comprehensive research, Lucintel forecasts that felling equipment will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to increase use of cut-to-length harvesting methods relative to tree-length and whole-tree systems.
Oil power, gas power, and electric power forestry equipment are used in this market. Electric power equipment will remain the largest segment and it is expected to witness the highest growth over the forecast period as it provides significant power for maximum output without increasing emissions.
APAC will remain the largest region and it is expected to witness highest growth over the forecast period due to growth in building and construction activities and increasing demand for woods in home furnishing application.
Emerging trends, which have a direct impact on the dynamics of the market, include introduction of TimberMatic navigation and integration of mobile technology in forestry equipment. John Deere, Caterpillar, Claas KGaA, Hitachi, Stihl Holding, Ponsse, Husqvarna, Kubota Corporation, CNH Industrial, and Bell Equipment are the major forestry equipment suppliers in the forestry equipment market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the forestry equipment market by equipment, by power type, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Forestry Equipment Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the forestry equipment market by product type, by power type, and region, as follows:
By Equipment ($ Billion from 2014 to 2025)
Felling Equipment
Chainsaws, harvesters, feller bunchers, and others
Extracting Equipment
Forwarders, skidders, and other, including cable yarding systems, farm tractors, and shovel loggers
On-site Processing Equipment
Chippers and grinders, delimbers, slashers, and other
Separately Sold Parts and Attachments
Harvesting and other cutting heads; saw chain, guide bars, blades, and teeth; and other parts and attachments
Other Forestry Equipment
Loaders, mulchers, and all other
By Power Type ($ Billion from 2014 to 2025)
Oil Power
Gas Power
Electric Power
By Region ($ Billion from 2014 to 2025)
North America
Europe
Sweden
Finland
Poland
Spain
Russia
Asia Pacific
China
Japan
India
Indonesia
South Korea
The Rest of the World
This 213-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/forestry-equipment-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.