Forestry Equipment Market Revenue to outshine USD 12501.35 MN By 2027
Posted On April 13, 2021
The Global Forestry Equipment Market revenue is anticipated to grow to around USD 12501.35 MN by 2027 with a CAGR of 4% during the year 2021-2027 as per the report published by Value Market Research. Growing focus on the proper management of forests globally and increased investments are the key trending factors for the forestry equipment market. The rising demand for industrial round wood for industries and wood pellets as a power plant feedstock will benefit market growth. Adoption of machines and automation to increase yield with reduced labor costs will increase market share. The ever-increasing demand for timber in the construction and infrastructure development sectors and better economic conditions globally will further enhance the market growth. Robust technological advancements in equipment and improved forest operations with lesser fire risks and low-impact harvesting will be a market booster. The foremost restraining factors for market growth are high investment costs, stringent compliance standards, and regular maintenance to ensure smooth operation.
Forestry equipment involves various tools and equipment used by foresters and loggers to properly cut and process trees. There are several specialized equipment types for use in the forest, from pioneering to logging to land management. Some examples include yarders, munchers, delimbers, etc. These instruments' important characteristics are safety, durability, reliability, operator ergonomics, efficiency, high performance, and long functional life. Most of this equipment is heavy and is purpose-built, sized, and designed for demanding forestry tasks. They are generally grouped into four categories, based on their forestry function: logging, landing, road, or service.
The elaborate study "Global Forestry Equipment Market Report By Product (Felling Equipment (Chainsaw, Harvester, Feller Buncher), Extracting Equipment (Forwarder, Skidder), On-Site Processing Equipment (Chipper, Delimber), Other Forestry Equipment (Loader, Mulcher) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of product the market is segmented into [Felling Equipment (Chainsaw, Harvester, Feller Buncher), Extracting Equipment (Forwarder, Skidder), On-Site Processing Equipment (Chipper, Delimber), Other Forestry Equipment (Loader, Mulcher)]. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Forestry Equipment Market -
- Felling Equipment
- Feller Buncher
- Extracting Equipment
- On-Site Processing Equipment
- Other Forestry Equipment
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
Players Profiled In the Report:
Hitachi Construction Machinery Co. Ltd., Epiroc AB, Deere Construction & Forestry, Sandvik AB, Komatsu Ltd., LiebherrInternational AG, Sandvik AB, Tigercat, and Volvo Construction Equipment.
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