Forestry Machinery Market
Forestry Machinery Market Analysis by Skidders, Forwarders, Swing Machines, Bunchers, Harvesters, and Loaders from 2023 to 2033
Analysis of Forestry Machinery Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Forestry Machinery Market Outlook (2023 to 2033)
The global forestry machinery market is projected to increase at 4.6% CAGR from 2023 to 2033. As such, worldwide sales of forestry machinery are predicted to increase from US$ 10.1 billion in 2023 to US$ 15.9 billion by the end of 2033.
Forestry machinery is equipment that helps in harvesting, collecting, and transporting forest products such as wood logs. The forestry machinery market is expected to gain momentum owing to increasing awareness of forest preservation and management in several developed and developing countries.
Moreover, the transition of forestry operations from manual work to mechanized and automated mode of operations in forests is likely to propel the demand for forestry machinery during the forecast period. Rapid urbanization and industrialization have contributed to the growing demand for wood and wood products, which is projected to further bolster sales of forestry machinery over the coming years.
Expanding world population is propelling the demand for food products and this is pushing governments to convert forest lands to arable land for agricultural cultivation thereby favouring forestry machinery shipments. Forestry machinery includes timber harvesting equipment, logging equipment, portable sawmills, log loaders, mulchers, chipper trucks, delimbers, stump grinders, etc.
Surging demand for paperboard and wood pulp around the world is also estimated to catalyze sales of forestry machinery in the long run. The growing use of wood pellets in power plants is also projected to bolster the use of forestry machinery all over the world going forward.
Forestry machinery manufacturers such as Deere & Company and Tigercat International are focusing on increasing efficiency by integrating telematics and GPS systems for the real-time tracking and monitoring of machinery to boost productivity. This, in turn, is slated to fuel the demand for forestry machinery over the next ten years and beyond.
- In May 2022, John Deere, a renowned supplier of forestry and agricultural machinery, announced the launch of a new intelligent control feature for its 900 MH-Series Tracked Harvester. The Intelligent Boom Control (IBC) feature assists the operator and provides a consistent operation experience.
On the contrary, high cost of maintenance and increasing competition in the forestry machinery marketplace are projected to be key constraints that could impede forestry machinery demand across the study period.
| Report Attributes | Details |
|---|---|
| Forestry Machinery Market Size (2023) | US$ 10.1 Billion |
| Projected Market Value (2033F) | US$ 15.9 Billion |
| Global Market Growth Rate (2023 to 2033) | 4.6% CAGR |
| Forwarders Segment Market Share (2033) | >25% |
| Leading Regional Market (2023) | Europe |
| Key Companies Profiled | Deere & Co.; Barko Hydraulics L.L.C.; Tigercat International Inc.; Ponsse Oyj; Kubota Corporation; Komatsu Ltd.; AGCO Corporation; Caterpillar Inc.; Kesla Oyj; Rottne Industri AB; Eco Log Sweden Ab |
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Will the Forestry Machinery Business Be a Profitable Place for Start-ups?
“Growing Use of Precision Technologies in Forests Creating New Market Opportunities”
Increasing focus on sustainability has led to a high demand for precision technologies in forestry applications. Incoming forestry machinery suppliers can focus on incorporating advanced technologies in their machines to optimize efficiency and productivity. New forestry machinery companies can also benefit from incubator programs and supportive government initiatives to help boost their business scope going forward.
- In January 2023, Deere & Company, an American supplier of forestry machinery and agricultural machinery, announced the names of 8 start-ups chosen for its 2023 Startup Collaborator program. Albedo, ANELLO Photonics, GrAI Matter Labs, Impossible Sensing, IntelliCulture, Precision AI, RodRadar, and Vega were the chosen companies.
Start-ups can get a more detailed understanding of growth influencing factors such as safety regulations, local supply, product standards, new developments, and pricing trends in this forestry machinery market research analysis by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Why is Europe a Gold Mine of Opportunities for Forestry Machinery Producers?
“Presence of Diversified Forest Area and Increasing Forestry Activities”
Several initiatives by European governments, such as financial support through the common agricultural policy (CAP) to rural areas, and measures taken by European countries to fund forestry activities via national development programs, continue to underpin the sales of forestry machinery in the region.
- As per an article listed on Eurostat, the European Union had 159 million hectares of forest and covered around 39% of all the geographical area of the European Union in 2020.
Moreover, growth in the construction industry in the region has increased the demand for wooden slabs and pillars, which, in turn, is enhancing the demand for forestry equipment. Further, manufacturers are focusing on developing forestry machinery that reduces fuel consumption and lowers the impact of machines on the soil. This, in turn, is encouraging the demand for forestry machinery, which is foreseen to bolster market growth.
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Country-wise Insights
Apart from the obviously profitable European countries, forestry machinery producers should focus on improving their business potential in Asian countries to boost their global market share and revenue generation. Investing in the United States and Canada is also slated to be highly opportune for forestry machinery companies through 2033.
Why is the United States Seen as a Moneymaking Market?
“Surging Use of Automated Forestry Machines in the Country”
The United States has been leading the automation charge with the quick adoption of automated machines in different industry verticals. Increasing focus on sustainability has led to a high demand for automated forestry systems that promote regenerative forestry and allow responsible harvesting of forest products such as wood.
High availability of advanced forestry machinery on a rental basis in the country is also projected to create new growth opportunities for forestry machinery suppliers over the next ten years and beyond. Moreover, the presence of key forestry machinery manufacturers in the United States also allows it to hold a prominent share in the global marketplace.
Which Asian Countries are Set to Lead Forestry Machinery Sales?
“India and China to Offer Highly Lucrative Growth Scope”
Urbanization and industrialization have influentially contributed to the high demand for forest products and wood in countries such as India and China, which is projected to be the primary factor driving forestry machinery sales through 2033. The increasing availability of forestry machinery in these countries and the rising focus on improving productivity in forestry applications are also estimated to uplift the demand for forestry machinery in the long run.
Forestry machinery manufacturers can also set up their manufacturing units in these countries as they have an abundance of cheap labor and raw materials. Companies can also leverage supportive initiatives in these countries launched by their governments to promote manufacturing activity and bolster economic growth.
Category-wise Insights
Forestry machinery companies should focus on developing advanced forwarders to improve their sales potential across the study period.
Sales of Which Type of Forestry Machinery Will be Higher?
“Forwarders to Account for Leading Market Share”
Demand for improved and fast transit of logged woods from forests to stock areas is forecasted to result in higher demand for forwarders as compared to other forestry machinery. Moreover, manufacturers’ efforts to improve workers’ safety, efficiency, and convenience, and the durability of forwarders, is projected to underpin their sales going forward.
- Among all the machine types, forwarders are set to capture more than 1/4 of the global forestry machinery market share by the end of the study period.
In addition, forwarders have the ability to accumulate large payloads, which makes the cost of forwarding economical and potentially inflates profit margins as well. Higher productivity and efficiency of forwarders as compared to any other forestry systems is projected to help them maintain a dominant stance over the next ten years.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Forestry machinery brands are focusing on launching new products to maximize their sale and gain a competitive advantage over other companies.
- In September 2022, Komatsu, a Japanese manufacturer of forestry and other heavy equipment, announced the launch of a new swing machine for timber processing applications. The PCF230F-11 runs on a 197-horsepower engine and is designed for heavy-duty timber cutting, delimbing, and stacking operations.
- In February 2021, Ponsse Oyj, a forest machine manufacturer based in Finland, announced the launch of a new range of harvesters suited for modern forestry requirements. The Scorpion harvester range features a new user interface and provides active control features to enhance productivity.
- In February 2022, Rottne Industri AB, a forest machinery supplier based in Sweden, announced the launch of two new forestry cranes. The RK310 and RK75 were claimed to be highly durable products with better service life as compared to their previous versions.
Forestry machinery companies are also launching new accessories and technologies to enhance the efficiency and productivity of forestry equipment in the future.
- In May 2022, Tigercat, a renowned supplier of material processing and forest harvesting systems, announced the integration of a swing boom system for Tigercat 635H skidder. This addition improved the productivity of the skidder.
Key Segments of Forestry Machinery Market Research
-
By Machine Type :
- Skidders
- Forwarders
- Swing Machines
- Bunchers
- Harvesters
- Loaders
- Others
-
By Operation :
- Diesel
- Electric
- Hybrid
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Machine Type
- 9.1. Skidders
- 9.2. Forwarders
- 9.3. Swing Machines
- 9.4. Bunchers
- 9.5. Harvesters
- 9.6. Loaders
- 9.7. Others
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Operation
- 10.1. Diesel
- 10.2. Electric
- 10.3. Hybrid
- 10.4. Others
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Deere & Co.
- 21.2. Barko Hydraulics L.L.C.
- 21.3. Tigercat International Inc.
- 21.4. Ponsse Oyj
- 21.5. Kubota Corporation
- 21.6. Komatsu Ltd.
- 21.7. AGCO Corporation
- 21.8. Caterpillar Inc.
- 21.9. Kesla Oyj
- 21.10. Rottne Industri AB
- 21.11. Eco Log Sweden Ab
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Machine Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Machine Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Operation
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Machine Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Operation
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Machine Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Operation
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Machine Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Operation
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Machine Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Operation
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Machine Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Operation
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Machine Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Operation
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Machine Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Operation
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Machine Type, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Machine Type, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Machine Type, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Machine Type, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Machine Type, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Operation, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Operation, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Operation, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Machine Type, 2023 (E)
Figure 18: North America Market Value Share, By Operation, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Machine Type, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Operation, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Machine Type, 2023 (E)
Figure 26: Latin America Market Value Share, By Operation, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Machine Type, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Operation, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Machine Type, 2023 (E)
Figure 34: Europe Market Value Share, By Operation, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Machine Type, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Operation, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Machine Type, 2023 (E)
Figure 42: South Asia Market Value Share, By Operation, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Machine Type, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Operation, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Machine Type, 2023 (E)
Figure 50: East Asia Market Value Share, By Operation, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Machine Type, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Operation, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Machine Type, 2023 (E)
Figure 58: Oceania Market Value Share, By Operation, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Machine Type, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Operation, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Machine Type, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By Operation, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Machine Type, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Operation, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Machine Type, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By Operation, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Machine Type, 2023 (E)
Figure 78: Canada Market Value Share, By Operation, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Machine Type, 2023 (E)
Figure 81: Mexico Market Value Share, By Operation, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Machine Type, 2023 (E)
Figure 84: Brazil Market Value Share, By Operation, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Machine Type, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Operation, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Machine Type, 2023 (E)
Figure 90: Germany Market Value Share, By Operation, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Machine Type, 2023 (E)
Figure 93: France Market Value Share, By Operation, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Machine Type, 2023 (E)
Figure 96: Italy Market Value Share, By Operation, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Machine Type, 2023 (E)
Figure 99: Spain Market Value Share, By Operation, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Machine Type, 2023 (E)
Figure 102: Russia Market Value Share, By Operation, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Machine Type, 2023 (E)
Figure 105: China Market Value Share, By Operation, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Machine Type, 2023 (E)
Figure 108: Japan Market Value Share, By Operation, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Machine Type, 2023 (E)
Figure 111: South Korea Market Value Share, By Operation, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Machine Type, 2023 (E)
Figure 114: India Market Value Share, By Operation, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Machine Type, 2023 (E)
Figure 117: ASEAN Market Value Share, By Operation, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Machine Type, 2023 (E)
Figure 120: Australia Market Value Share, By Operation, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Machine Type, 2023 (E)
Figure 123: New Zealand Market Value Share, By Operation, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Machine Type, 2023 (E)
Figure 126: GCC Countries Market Value Share, By Operation, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Machine Type, 2023 (E)
Figure 129: Turkey Market Value Share, By Operation, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Machine Type, 2023 (E)
Figure 132: South Africa Market Value Share, By Operation, 2023 (E)
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- FAQs -
How big is the global forestry machinery market?
The global forestry machinery market stands at a value of US$ 10.1 billion in 2023.
What is the projected market value of forestry machinery for 2033?
The market for forestry machinery is forecasted to reach US$ 15.9 billion by 2033-end.
What is the outlook for the forestry machinery market?
Demand for forestry machinery is projected to increase at 4.6% CAGR over the next ten years.
What equipment do foresters use?
Logging equipment, forwarders, swing machines, harvesters, skidders, branchers, loaders, and delimbers are widely used by foresters.
Which region leads global forestry machinery shipments?
Forestry machinery sales in Europe are expected to account for a dominant market share across the study period.
Who are the key forestry machinery suppliers?
Deere & Co., Tigercat International Inc., Ponsse Oyj, Kubota Corporation, Komatsu Ltd., Caterpillar Inc., and Kesla Oyj are key forestry machinery manufacturers.
Forestry Machinery Market