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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Precision Forestry 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.
Precision Forestry Market Report Snapshots
Precision Forestry Market Size
Precision Forestry Market Analysis
*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.*
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Key Questions Answered in the Report
In 2024, 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 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of over USD 10.90 billion by 2034.
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.
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