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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Precision Forestry Market Size
The global precision forestry market attained a value of USD 5.14 billion in 2023. The precision forestry market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.7% to reach USD 10.90 billion by 2032.
The increasing support by the government for the adoption of modern forestry technologies to limit illegal logging is further driving the precision forestry market growth.
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 2023, 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 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of over USD 10.90 billion by 2032.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124