The new report by Expert Market Research titled, ‘Global Forestry Equipment Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global forestry equipment market, assessing the market based on its segments like product, power, and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
Request a free sample copy in PDF or view the report summary@
https://www.expertmarketresearch.com/reports/forestry-equipment-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
Historical Market Size (2020): USD 10.3 billion
Forecast CAGR (2021-2026): 4%
Forecast Market Size (2026): USD 13 billion
The market for forestry equipment has seen substantial growth due to factors such as increasing awareness about forest preservation and related practices in both developed and developing countries. Also, increased knowledge across different industries offers an enormous market opportunity for key players in the forestry equipment market. In addition, the shift of forest operations from manual to automated forest mode of operation is likely to drive demand for forest equipment during the forecast period. The rising demand for timber and various by-products, along with the move towards mechanized forest tree cutting processes, has significantly enhanced the demand for forest equipment. In addition, by developing forestry machines equipped with telematics and GPS systems for real-time tracking and monitoring of machinery that would increase performance, major players in the sector are changing the landscape of the industry. Such advances, as well as the growing demand for these hybrid technologies, are expected to fuel the growth of the sector. In addition, there is expected to be an increased demand for wooden slabs and pillars as the construction industry grows, which, in turn, will fuel demand for forest equipment. In addition, manufacturers are concentrating on designing equipment for forestry, which will have a reduced impact on soil and fuel efficiency. In turn, this is expected to fuel the growth of the demand for forestry equipment.
Industry Definition and Major Segments
The science or art of planting, maintaining and caring for forests refers to forestry. Forestry equipment is called the equipment that facilitates this practice. One of the oldest sectors practiced by mankind is agriculture and forestry. We have become more reliant on agricultural products and forestry over the past few years.
Explore the full report with the table of contents@
https://www.expertmarketresearch.com/reports/forestry-equipment-market
Based on the product, the industry is divided into:
Harvester
Feller Bunche
Forwarder
Skidders
Bunchers
Loaders
Mulche
Based on the power, the industry is divided into:
Electric
Gas
Oil
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Market Trends
Geographically, European countries hold a large market share of global forestry equipment and are expected to sustain their dominance. This region’s agricultural policy ensures that this sector is financially assisted. This helps organizations in Europe to make high-end agricultural and forestry equipment available. The numerous steps taken by European countries to facilitate forestry activities help the growth of forestry machinery in the region over the forecast period. In addition, increasing demand for forest products such as trees, herbs and other minerals specifically grown in recent years is expected to reinforce market development, owing to rising awareness and health concerns. Because of this rising demand, companies are calling for modern, heavy-duty forestry equipment. These machines can be used smoothly for chopping, segregation, collection, log storage, and other goods. The global forestry equipment market is expected to expand at a decent pace in the coming years as a result of this thriving demand.
Key Market Players
The major players in the market are Deere & Company, Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., Barko Hydraulics, LLC, Caterpillar Inc., Rottne Industry AB, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
United States Basmati Rice Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5pIo
Global Nitrogenous Fertiliser Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5pIr
Global Biopesticides Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5pIu
Global Micro Irrigation Systems Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5pIx
Global Forestry Equipment Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5pIz
Global Vertical Farming Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5pJ0
Global Sage Herb Extract Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5pJ1
Global Salacia Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5pJ2
Global Glutinous Rice Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5pJ3
Global Mayocoba Beans Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5pJ4
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: Expert Market Research
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com