Home > Construction > Construction Equipment > Forestry Equipment Market

Forestry Equipment Market Size

Report ID: GMI4580
Published Date: Jul 2023
Report Format: PDF

Download Free Sample

Forestry Equipment Market Size

Forestry Equipment Market size is anticipated to grow at a CAGR of over 4.7% from 2023 to 2032. The rising popularity of sustainable building materials and technologies worldwide will drive the market growth. The rising concerns associated with reducing the carbon footprint of construction projects has spurred the higher popularity of engineered wood products to offer lower environmental impact in comparison to traditional materials, such as concrete and steel.

To get key market trends

Download Free Sample

The growing inclination towards addressing climate changes and promoting sustainable practices has highlighted the importance of energy-efficient machinery in logging and forestry operations. The influx of several new technologies to promote responsible forest management, including drones for monitoring and assessment, GPS tracking systems for accurate harvesting, and data analytics tools for optimizing operations and reducing waste will also add to the market growth.

Forestry Equipment Market Report Attributes
Report Attribute	Details
Base Year:	2022
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	4.7%
Historical Data for:	2018-2022
No. of Pages:	360
Tables, Charts & Figures:	559
Segments covered:	Type
Growth Drivers:	Increasing use of wood pellets for industrial and household application globally Surging popularity of sustainable building materials and technologies Rising government initiatives for vegetation and forest management in Asia Pacific Scaling investments across the forestry sector
Pitfalls & Challenges:	Cyclic concerns pertaining to high initial & maintenance cost Limited consumer awareness in developing countries

What are the growth opportunities in this market?

Download Free Sample

Forestry Equipment Market Growth Drivers & Restraints

The growing number of government initiatives for vegetation and forest management, mainly in the Asia Pacific region will stimulate the market growth. Moreover, the continuous concerns regarding the high initial & maintenance costs of several forestry equipment may limit the product adoption rate to some extent.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of forestry equipment is anticipated to witness around 4.7% CAGR from 2023 to 2032, due to the rising popularity of sustainable building materials and technologies worldwide.

The felling equipment segment records more than 30% of the forestry equipment market share owing to the rising trend of commercial forestry and the consequent need for felling, harvesting, delimbing, processing, and bucking trees.

North America market size will gain immense traction by the end of 2032, driven by the growing government support for silviculture in the U.S to maintain vegetation and forest cover.

Some of the major forestry equipment market participants are Kesla Oyj, Hitachi Construction Machinery, Barko Hydraulics LLC., Eco Log Sweden AB, Doosan Group, Caterpillar, Inc., Volvo CE, Komatsu Forest, North America LLC., Ponsse PLC, Deere & Company.