Forestry Equipment Market Outlook Report - Market Size, Share Analysis and Forecast (2026-2035)

Competitive Landscape

Forestry equipment market players like John Deere, Ponsse, Komatsu Forest, and Tigercat are increasingly focusing on innovation in smart machine systems and real-time data analytics. The bundling of machinery with telematics dashboards, predictive maintenance subscriptions, and training platforms have been noticeable trends in the market. Electric and hybrid variants are also attracting B2B clients involved in ESG-aligned projects, such as certified timber sourcing and reforestation.

Forestry equipment companies are also venturing into service-based models, leasing, fleet optimisation, and on-demand tech support, which is opening up new revenue streams. In high-regulation regions like the European Union, data compliance tools embedded into machinery are becoming a market differentiator. Additionally, partnerships with governments and local forestry cooperatives are creating access to emerging markets like sub-Saharan Africa and Southeast Asia.

Key Players in the Market

Deere & Company

Headquartered in United States and established in 1837, Deere & Company is a manufacturer of connected and intelligent applications and machines to revolutionise the construction and agricultural sectors. The company’s portfolio includes over 25 brands that provide innovative solutions for several end-use sectors. In 2021, the company generated net sales and revenues of USD 44.02 billion. With 75,600 employees in over 100 locations across the globe, 48% of its consolidated revenues and sales occurred outside the United States.

Komatsu Ltd.

Komatsu Ltd. or Komatsu is a manufacturer of equipment and machinery used in utility, construction, forestry, and industrial applications. The company, headquartered in Japan, has 76 manufacturing facilities around the world and had a workforce of around 62,774 as of 2021. In August 2020, it launched new high-performance plasma cutting machines TWISTER TFPL10-6 and TFPL08-6. Its net sales reached JPY 69,393 million in 2021.

Hitachi Construction Machinery Co., Ltd.

Established in 1970 and based in Tokyo, Japan, Hitachi Construction Machinery (HCM) is a subsidiary of the Hitachi Group that is engaged in the manufacturing, sales and service of construction machinery, transportation machinery, and other machines and devices. It was involved in the production of Japan’s first mechanical excavator. The company has a consolidated workforce of around 25,000 employees, with 80 subsidiaries and 22 affiliate companies. In 2021, the company generated consolidated revenue of JPY 1025 billion.

Barko Hydraulics, LLC

Founded in 1963, Barko Hydraulics manufactures heavy equipment for the forestry, site prep, and material handling industries. Its mission is to deliver durable and reliable purpose-built equipment that provides customers with the tools they need to become more successful, comfortable, and safe. Some of its premium brands include merchandising knuckleboom loaders, advanced line-up of harvesters and feller bunchers, industrial wheeled tractors, rough terrain carrier loader, and stationary electric loaders, among others.

Other key players in the market are Caterpillar Inc., and Rottne Industri AB, among others.

Forestry Equipment Market Report Snapshots

Forestry Equipment Market