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Forestry Equipment Market Trends

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

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Forestry Equipment Market Trends

The rising number of investments across the forestry sector will play a crucial role in the market expansion. The growing awareness regarding environmental sustainability coupled with the surging climate change and deforestation concerns have made way for the higher demand for renewable resources. To that end, several investors are looking for various opportunities for supporting environmentally responsible as well as sustainable practices. It has been predicted that the GEF (Global Environment Facility) invested $3.7 billion in forest initiatives, till date. The rise in the number of such investments will favor the industry development.

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.