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Global Precision Forestry Market Size, Share, Growth, Trends: By Component: Services, Software, Hardware; By Technology: CTL, Geospatial, Fire Detection; By Application: Genetics and Nurseries, Silviculture and Fire Management, Harvesting Management, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Precision Forestry Market Outlook
The global precision forestry market attained a value of USD 5.14 billion in 2023. The precision forestry market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.7% to reach USD 10.90 billion by 2032.
The increasing support by the government for the adoption of modern forestry technologies to limit illegal logging is further driving the precision forestry market growth.
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Market Segmentation
The preparation and execution of site-specific forest management programs and operations to improve the quality and use of wood products, to reduce waste, to maximise profits, and to preserve environmental quality is known as precision forest.
On the basis of the component, the precision forestry market is divided into:
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- Services
- Software
- Hardware
Based on technology, the industry can be segmented into:
- CTL
- Geospatial
- Fire Detection
The industry can be broadly categorised based on its applications into:
- Genetics and Nurseries
- Silviculture and Fire Management
- Harvesting Management
- Inventory and Logistics Management
The EMR report looks into the regional markets of precision forestry like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The expansion of the global precision forest market is being driven by the increasing demand for wood in various industries. Forestry precision requires the use of advanced technology to carry out hectic forestry tasks. Some of the prominent factors that are expected to stimulate global precision forest market growth over the next few years include increasing forestry mechanisms, lower cost of advanced monitoring and surveillance technology, the rising demand for forest products and increased support from the government to adopt modern forestry methods to counter illegal logging.
However, factors such as high costs, insufficient awareness, and the unavailability of skilled labour, will hinder the growth of the global forest precision market in the coming years.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global precision forestry market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Deere & Company
- Ponsse PLC
- Tigercat International Inc.
- Rottne Industri AB
- Treemetrics Ltd.
- Komatsu Forest
- Sampo-Rosenlew Oy
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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 Precision Forestry Market Analysis
8.1 Key Industry Highlights
8.2 Global Precision Forestry Historical Market (2018-2023)
8.3 Global Precision Forestry Market Forecast (2024-2032)
8.4 Global Precision Forestry Market by Component
8.4.1 Services
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Hardware
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Precision Forestry Market by Technology
8.5.1 CTL
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Geospatial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Fire Detection
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Precision Forestry Market by Application
8.6.1 Genetics and Nurseries
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Silviculture and Fire Management
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Harvesting Management
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Inventory and Logistics Management
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.7 Global Precision Forestry Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Precision Forestry Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Precision Forestry Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Precision Forestry Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Precision Forestry Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Precision Forestry Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Deere & Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Ponsse PLC
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Tigercat International Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Rottne Industri AB
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Treemetrics Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Komatsu Forest
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Sampo-Rosenlew Oy
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Precision Forestry Market: Key Industry Highlights, 2018 and 2032
2. Global Precision Forestry Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Precision Forestry Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Precision Forestry Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global Precision Forestry Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global Precision Forestry Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Precision Forestry Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Precision Forestry Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Precision Forestry Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Precision Forestry Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Precision Forestry Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Precision Forestry Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Precision Forestry Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Precision Forestry Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Precision Forestry Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Precision Forestry Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Precision Forestry Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Precision Forestry Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Precision Forestry Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Precision Forestry Market Structure
Key Questions Answered in the Report
In 2023, the global precision forestry market attained a value of more than USD 5.14 billion.
The market is projected to grow at a CAGR of 8.7% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of over USD 10.90 billion by 2032.
The major drivers of the market include advancements in forestry mechanisms, rising demand for forest products, and increasing adoption of CTL-based harvesting technology.
The growing support by various governments for the adoption of modern forestry technologies, increasing affordability of advanced monitoring and surveillance technology, and rising demand for wood in various industries are the key trends propelling the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various components of precision forestry in the market are services, software, and hardware.
The technologies of precision forestry in the market include CTL, geospatial, and fire detection.
The major applications of precision forestry are genetics and nurseries, silviculture and fire management, harvesting management, and inventory and logistics management.
The major players in the global precision forestry market are Deere & Company, Ponsse PLC, Tigercat International Inc., Rottne Industri AB, Treemetrics Ltd., Komatsu Forest, and Sampo-Rosenlew Oy, among others.
Analyst Review
The global precision forestry market attained a value of more than USD 5.14 billion in 2023, driven by the rising demand for wood from various end use industries and thriving do-it-yourself sector. Aided by technological advancements in the forestry mechanisms, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 8.7% to reach a value of over USD 10.90 billion by 2032.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component, the market is divided into services, software, and hardware. Based on technology, the industry can be segmented into CTL, geospatial, and fire detection. The industry can be broadly categorised based on its applications into genetics and nurseries, silviculture and fire management, harvesting management, and inventory and logistics management. The major regional markets for precision forestry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Deere & Company, Ponsse Plc, Tigercat International Inc., Rottne Industri AB, Treemetrics Ltd., Komatsu Forest, and Sampo-Rosenlew Oy, 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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