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Precision Forestry Market Share

Report ID: GMI10449
Published Date: Jul 2024
Report Format: PDF

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Precision Forestry Market Share

John Deere and Trimble Inc. are major market players in the precision forestry industry, holding over 25% of the market share. John Deere, renowned for its expertise in agricultural and forestry machinery, integrates advanced GPS and sensor technologies into its equipment, enhancing precision in forestry operations such as logging and harvesting. Trimble Inc. provides precision agriculture and forestry solutions, leveraging GPS, GIS, and telematics to optimize forest management practices such as mapping, inventory management, and planning.

Hexagon AB specializes in digital solutions, offering software and hardware for forestry applications that include remote sensing, spatial data analytics, and automated machine control systems. Ponsse Plc, a leader in forestry machinery, focuses on sustainable logging solutions with their advanced forest machines equipped with real-time data monitoring and efficient fuel consumption.

Precision Forestry Market Companies

The major players operating in the precision forestry industry are:

John Deere
Trimble Inc.
Hexagon AB
Topcon Corporation
Ponsse Plc
Komatsu Ltd.
Treemetrics
Hitachi Construction Machinery Co., Ltd.
DynaRoad Oy
Silvacom Ltd

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for precision forestry was valued at USD 5.3 billion in 2023 and is estimated to register over 6% CAGR between 2024 and 2032 due to rapid digitization and automation in forest management.

The government agencies segment in the precision forestry market accounted for around 35% share in 2023, owing to focus on leveraging their abundant resources and responsibility for public land management, facilitated by the adoption of cutting-edge technologies.

North America market accounted for over 35% share in 2023 and will continue to grow through 2032, attributed to advanced technologies and strong research capabilities.

John Deere, Trimble Inc., Hexagon AB, Topcon Corporation, Ponsse Plc, Komatsu Ltd., Treemetrics, and Hitachi Construction Machinery Co., Ltd. among others.