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Global Forestry Equipment Market Size, Growth, Forecast: By Product: Harvester, Feller Bunche, Forwarder, Skidders, Bunchers, Loaders, Mulcher, Others; By Power: Electric, Gas, Oil; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
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.
Forestry Equipment Market Report Snapshots
Forestry Equipment Market Size
Forestry Equipment Market Share
Forestry Equipment Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 (2018-2023)
8.3 Global Forestry Equipment Market Forecast (2024-2032)
8.4 Global Forestry Equipment Market by Product
8.4.1 Harvester
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Feller Bunche
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Forwarder
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Skidders
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Bunchers
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Loaders
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Mulcher
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Others
8.5 Global Forestry Equipment Market by Power
8.5.1 Electric
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Gas
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Oil
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Forestry Equipment Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Forestry Equipment 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 Forestry Equipment 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 Forestry Equipment 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
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Forestry Equipment 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 Forestry Equipment 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 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 2032
2. Global Forestry Equipment Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Forestry Equipment Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Forestry Equipment Historical Market: Breakup by Power (USD Billion), 2018-2023
5. Global Forestry Equipment Market Forecast: Breakup by Power (USD Billion), 2024-2032
6. Global Forestry Equipment Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Forestry Equipment Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Forestry Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Forestry Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Forestry Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Forestry Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Forestry Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Forestry Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Forestry Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Forestry Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Forestry Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Forestry Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
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 2023, the global forestry equipment market attained a value of nearly USD 11.59 billion.
The market is projected to grow at a CAGR of 4% between 2024 and 2032.
The growing awareness of forest preservation and related practices, the transformation of forestry activities from manual to automated mode of operation in forests, the robust growth of the construction sector, and the rising health awareness are the major market drivers.
The key trends guiding the market growth include the growing demand for wood and various by-products and the rising trend towards the use of mechanical forest tree cutting procedures.
The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The various products considered in the market report are harvester, feller bunche, forwarder, skidders, bunchers, loaders, and mulcher, among others.
The several segments based on power considered in the market report are electric, gas, and oil.
The major players in the market 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 11.59 billion in 2023, 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 2024-2032, 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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