Market Research Report

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, 2021-2028

April 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Forestry Equipment Market Overview

The key driver impacting the forestry equipment market is the growing focus on forest management activities and rising investments in the forestry sector across the globe. For instance, In April 2016, the World Bank Group launched a Forest Action Plan (FAP) for Fiscal Years 2016-2020 that majorly focuses on two priority areas. The first is an investment in sustainable forest management. Second is the “forest-smart” intervention in which the World Bank Group takes a complete look at forest landscapes. Due to this FAP in 2016, World Bank’s forest portfolio augmented from US$1.8 billion (FY16) to US$2.3 billion (FY18); also, International Finance Corporation (IFC) lending rose from US$24 million (FY16) to US$118 million (FY18). Moreover, growing industrial round wood production across various countries such as the U.S., China, Canada, and Brisl is also a significant determinant that adds growth to the market.
According to Value Market Research, the global forestry equipment market size was valued at around USD 9500 million in 2020 and is estimated to grow at a CAGR of about 4% during the forecast period of 2020 to 2026.

The growing use of wood for industrial and household applications is estimated to improve market demand in the forecast period. for instance, as per the state of the world forest report, about one-third of the global population, or about 2.4 billion people, utilize wood to give basic energy services such as cooking, boiling, and heating water. overall, forests supply around 40 percent of world renewable energy in the form of woodfuel – as much as hydroelectric, solar, and wind power combined. however, growing concerns related to high initial & maintenance costs may hamper the global forestry equipment industry in the long run. also, limited consumer knowledge in developing countries is negatively impacting the growth of the market. the current industry trends, such as robust technological advancements in the logging method together with developments in forest science, and increasing awareness regarding forest preservation and management, are expected to provide beneficial market opportunities for the market players.

The forestry equipment market is vast, with many local and global players. the key leaders follow several strategies to improve their market position, such as acquisitions, mergers, expansions, product innovations, and extending product portfolio, to enhance their market share globally. for instance, in 2017, tigercat announced the launch of RemoteLog to improve productivity by reducing downtime and offering real-time data on mechanical performance. similarly, in February 2019, Komatsu America Corp acquired TimberPro, Inc to strengthen its position in the full-tree-length market and offer a highly competitive product range for professional logging. The key players included 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.

Global Forestry Equipment Market Share

In this research report, the forestry equipment market is segmented by product and region.

Analysis by Product:
By product, the report is categorized into felling, extracting, on-site, and other equipment. The felling equipment segment dominates the product segment with a 35% market share in 2020—the felling equipment, such as a feller buncher, chainsaw, and harvester. The massive demand for chainsaws due to rising tinder harvesting activities globally and the development of cordless & battery-powered chainsaws used in horticulture maintenance and firewood fragmentation drives the felling equipment segment's growth in the coming years. Moreover, the rising number of contracts between the end-users and product manufacturers contributes to the vast market demand in the forecast period.

Analysis by Region:
In the regional outlook of the global forestry equipment market, the North America region dominates with a 37% market share during the forecast period. It is due to the growing promotion of silviculture for forest and vegetation maintenance by the U.S. government authorities and the ever-increasing usage of forest products, such as sawn wood and logwoods, for infrastructure development is augmenting the use of forestry machines in the North American region. Moreover, the advent of various practices such as density management encourages the utilization of chainsaws and harvesters contributes to the development of the forestry equipment market across North America.

Market Segmentation covered in the Report:
By Product
  • Felling Equipment
    • Chainsaw
    • Harvester
    • Feller Buncher
  • Extracting Equipment
    • Forwarder
    • Skidder
  • On-Site Processing Equipment
    • Chipper
    • Delimber
  • Other Forestry Equipment
    • Loader
    • Mulcher
By Region
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • The Middle East and Africa
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       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
       2.1. Highlights of Market
       2.2. Global Market Snapshot
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Product
           3.7.2 By Region
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
       6.1 Overview by Product
       6.2 Historical and Forecast Data
       6.3 Analysis by Product
       6.4 Feller Buncher Market by Regions
       6.5 Extracting Equipment Market by Regions
       6.6 On-Site Processing Equipment Market by Regions
       6.7 Other Forestry Equipment Market by Regions
       6.8 0 Market by Regions
       6.9 0 Market by Regions
       6.10. 0 Market by Regions
       6.11 10 Market by Regions
       6.12 11 Market by Regions
       6.13 12 Market by Regions
       6.14 13 Market by Regions
       7.1. Regional Outlook
       7.2. Introduction
       7.3. North America
           7.3.1. Overview, Historic and Forecast Data
           7.3.2. North America By Segment
           7.3.3. North America By Country
           7.3.4. United State
           7.3.5. Canada
           7.3.6. Mexico
       7.4. Europe
           7.4.1. Overview, Historic and Forecast Data
           7.4.2. Europe by Segment
           7.4.3. Europe by Country
           7.4.4. United Kingdom
           7.4.5. France
           7.4.6. Germany
           7.4.7. Italy
           7.4.8. Russia
           7.4.9. Rest Of Europe
       7.5. Asia Pacific
           7.5.1. Overview, Historic and Forecast Data
           7.5.2. Asia Pacific by Segment
           7.5.3. Asia Pacific by Country
           7.5.4. China
           7.5.5. India
           7.5.6. Japan
           7.5.7. South Korea
           7.5.8. Australia
           7.5.9. Rest Of Asia Pacific
       7.6. Latin America
           7.6.1. Overview, Historic and Forecast Data
           7.6.2. Latin America by Segment
           7.6.3. Latin America by Country
           7.6.4. Brazil
           7.6.5. Argentina
           7.6.6. Peru
           7.6.7. Chile
           7.6.8. Rest of Latin America
       7.7. Middle East & Africa
           7.7.1. Overview, Historic and Forecast Data
           7.7.2. Middle East & Africa by Segment
           7.7.3. Middle East & Africa by Country
           7.7.4. Saudi Arabia
           7.7.5. UAE
           7.7.6. Israel
           7.7.7. South Africa
           7.7.8. Rest Of Middle East And Africa
       8.1. Forestry Equipment Market Competition
       8.2. Partnership/Collaboration/Agreement
       8.3. Merger And Acquisitions
       8.4. New Product Launch
       8.5. Other Developments
       9.1. Company Share Analysis
       9.2. Market Concentration Rate
       9.3. Hitachi Construction Machinery Co. Ltd.
           9.3.1. Company Overview
           9.3.2. Financials
           9.3.3. Products
           9.3.4. Recent Developments
       9.4. Epiroc AB
           9.4.1. Company Overview
           9.4.2. Financials
           9.4.3. Products
           9.4.4. Recent Developments
       9.5. Deere Construction & Forestry
           9.5.1. Company Overview
           9.5.2. Financials
           9.5.3. Products
           9.5.4. Recent Developments
       9.6. Sandvik AB
           9.6.1. Company Overview
           9.6.2. Financials
           9.6.3. Products
           9.6.4. Recent Developments
       9.7. Komatsu Ltd.
           9.7.1. Company Overview
           9.7.2. Financials
           9.7.3. Products
           9.7.4. Recent Developments
       9.8. LiebherrInternational AG
           9.8.1. Company Overview
           9.8.2. Financials
           9.8.3. Products
           9.8.4. Recent Developments
       9.9. Sandvik AB
           9.9.1. Company Overview
           9.9.2. Financials
           9.9.3. Products
           9.9.4. Recent Developments
       9.10. Tigercat
           9.10.1. Company Overview
           9.10.2. Financials
           9.10.3. Products
           9.10.4. Recent Developments
       9.11. Volvo Construction Equipment
           9.11.1. Company Overview
           9.11.2. Financials
           9.11.3. Products
           9.11.4. Recent Developments
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Product (USD MN)
  •  Feller Buncher Market by Geography (USD MN)
  •  Extracting Equipment Market by Geography (USD MN)
  •  On-Site Processing Equipment Market by Geography (USD MN)
  •  Other Forestry Equipment Market by Geography (USD MN)
  •  Global Forestry Equipment Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
  •  Research Scope of Forestry Equipment Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Forestry Equipment Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Product
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Product (USD MN)
  •  Feller Buncher Market by Geography (USD MN)
  •  Extracting Equipment Market by Geography (USD MN)
  •  On-Site Processing Equipment Market by Geography (USD MN)
  •  Other Forestry Equipment Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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  • Analyze competitive developments

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