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Global Forestry Equipment Market: By Product: Harvester, Feller Bunche, Forwarder, Skidders, Bunchers, Loaders, Mulcher, Others; By Power: Electric, Gas, Oil; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Forestry Equipment Market Outlook

The global forestry equipment market size stood at USD 10.3 billion in 2020 and is expected to grow at a CAGR of 4%, being driven by shifting global trend toward automated processes and rise of the construction sector. The market is projected to reach USD 13 billion by 2026.

 

Global Forestry Equipment Market

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Europe Holds the Major Market Share in Forestry Equipment Industry, Globally

The European countries hold a significant market share for global forestry equipment and are projected to retain their dominance. The agricultural policy of this region ensures that this industry is backed financially. This allows the organizations in Europe to avail high end equipment for agriculture and forestry. Various measures undertaken by European countries that encourage forestry activities supports the growth of forestry machinery in this region over the forecast period. Moreover, the rising demand for forest products such as woods, herbs, and other minerals specifically grown in recent years due to growing awareness and health concerns, are expected to strengthen the market growth. Due to this increasing demand, businesses are calling for new and heavy-duty forestry equipment. These machines can be used for chopping, segregation, collection, for storing logs, and other products smoothly. As a result of this thriving demand, the global forestry equipment market is predicted to grow at a decent rate in the upcoming years.

 

Forestry Equipment: Market Segmentation

Forestry refers to the science or art of planting, managing and caring for forests. The equipment that facilitates this practice is called forestry equipment. Agriculture and forestry are one of the oldest industries practiced by mankind. Over the past years, we have grown more dependent on agricultural products and forestry.

 

Global Forestry Equipment Market By Power Source

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On the basis of product, the forestry equipment market is segmented into:

  • Harvester
  • Feller Bunche
  • Forwarder
  • Skidders
  • Bunchers
  • Loaders
  • Mulcher
  • Others

On the basis of power source used, the industry is segmented into:

  • Electric
  • Gas
  • Oil

The regional markets for forestry equipment include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Forestry Equipment Market By Region

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The Expanding Construction Sector to Boost the Market Growth of Forestry Equipment

The forestry equipment industry is expected to observe decent growth due to the increasing awareness about forest preservation and related practices in both developed and developing countries. Further, the transition of forestry operations from manual work to the automated mode of functioning in forests is likely to drive the demand for forestry equipment during the forecast period. The growing demand for wood and various by-products, along with the shift towards mechanized processes for the cutting of forest trees, has significantly strengthened the demand for forestry equipment. Furthermore, major players in the sector are changing the landscape of the market by developing forestry machines equipped with telematics and GPS systems for real-time tracking and monitoring of machinery, which would enhance efficiency. Developments such as these, as well as the rising demand for these hybrid technologies, are expected to boost the market growth.

Furthermore, as the construction industry expands, there is expected to be an increased demand for wooden slabs and pillars, which, in turn, will drive the demand for forestry equipment. Further, manufacturers are focusing on developing forestry equipment, which will have reduced effects on soil and fuel efficiency. This, in turn, is expected to boost the market growth for forestry equipment.

 

Key Industry Players in the Market for Forestry Equipment

The report presents a detailed analysis of the following key players in the global forestry equipment market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Deere & Company
  • Komatsu Ltd.
  • Hitachi Construction Machinery Co., Ltd.
  • Barko Hydraulics, LLC
  • Caterpillar Inc.
  • Rottne Industry AB
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Power, Region
Breakup by Product Harvester, Feller Bunche, Forwarder, Skidders, Bunchers, Loaders, Mulcher, Others
Breakup by Power Electric, Gas, Oil
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Deere & Company, Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., Barko Hydraulics, LLC, Caterpillar Inc., Rottne Industri AB, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Forestry Equipment Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Forestry Equipment Historical Market (2018-2022) 
    8.3    Global Forestry Equipment Market Forecast (2023-2028)
    8.4    Global Forestry Equipment Market by Product
        8.4.1    Harvester
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Feller Bunche
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Forwarder
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Skidders
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Bunchers
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        8.4.6    Loaders
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2018-2022)
            8.4.6.3    Forecast Trend (2023-2028)
        8.4.7    Mulcher
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2018-2022)
            8.4.7.3    Forecast Trend (2023-2028)
        8.4.8    Others
    8.5    Global Forestry Equipment Market by Power
        8.5.1    Electric
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Gas
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Oil
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)    
    8.6    Global Forestry Equipment Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Forestry Equipment Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Forestry Equipment Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific  Forestry Equipment Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Forestry Equipment Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Forestry Equipment Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis

    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Deere & Company
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Komatsu Ltd.
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Hitachi Construction Machinery Co., Ltd.
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Barko Hydraulics, LLC
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Caterpillar Inc.
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Rottne Industri AB
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    Others
18    Key Trends  and Developments in the Market


List of Key Figures and Tables

1.    Global Forestry Equipment Market: Key Industry Highlights, 2018 and 2028
2.    Global Forestry Equipment Historical Market: Breakup by Product (USD Billion), 2018-2022
3.    Global Forestry Equipment Market Forecast: Breakup by Product (USD Billion), 2023-2028
4.    Global Forestry Equipment Historical Market: Breakup by Power (USD Billion), 2018-2022
5.    Global Forestry Equipment Market Forecast: Breakup by Power (USD Billion), 2023-2028
6.    Global Forestry Equipment Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Forestry Equipment Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Forestry Equipment Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Forestry Equipment Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Forestry Equipment Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Forestry Equipment Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Forestry Equipment Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Forestry Equipment Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Forestry Equipment Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Forestry Equipment Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Forestry Equipment Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Forestry Equipment Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Major Importing Countries by Volume (2020)
19.    Major Exporting Countries by Volume (2020)
20.    Major Importing Countries by Value (2020)
21.    Major Exporting Countries by Value (2020)
22.    Global Forestry Equipment Market Structure

Key Questions Answered in the Report

In 2020, the global forestry equipment market attained a value of nearly USD 10.3 billion.

The market is projected to grow at a CAGR of 4% between 2023 and 2028.

The industry is being driven by the growing awareness of forest preservation and related practices, transformation of forestry activities from manual to automated mode of operation in forests, rise of the construction sector, growing awareness and health concerns, and rising demand for hybrid technologies.

The increased demand for wood and numerous by-products and the increasing trend toward mechanical forest tree cutting procedures, are boosting the demand for forestry equipment.

The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific with Europe accounting for the largest share in the market.

On the basis of product, the forestry equipment market is segmented into harvester, feller bunche, forwarder, skidders, bunchers, loaders, and mulcher, among others.

On the basis of power, the market includes electric, gas, and oil.

The major players in the industry are Deere & Company, Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., Barko Hydraulics, LLC, Caterpillar Inc., and Rottne Industri AB, among others.

Analyst Review

The global forestry equipment market attained a value of USD 10.3 billion in 2020, driven by the growing awareness of forest preservation and related practices. Aided by the growing technological advancements and an increasing trend toward mechanical forest tree cutting procedures, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the global forestry equipment industry can be segmented into harvester, feller bunche, forwarder, skidders, bunchers, loaders, and mulcher, among others. By power, the industry can be divided into electric, gas, and oil. The major regional markets for forestry equipment are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific, with Europe accounting for the largest share of the market. The key players in the above market include Deere & Company, Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., Barko Hydraulics, LLC, Caterpillar Inc., and Rottne Industri AB, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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