Global Forestry Equipment Market is expected to grow with the CAGR of 5.3% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Forestry equipment market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in forestry equipment market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, Logmax AB completed the launch of log mate 510 as a new control system. The new control system helped in full control of log max harvester head functions and provided detailed information.

Komatsu Forest (a subsidiary of Komatsu Ltd.) is the dominating player in forestry equipment market. The other key players existing in the market includes Konrad Forsttechnik GmbH, HSM Hohenloher Spezial-Maschinenbau GmbH & Co. KG, SP Maskiner, Log Max AB, FTG Cranes AB, CRANAB AB, PIŠEK - Vitli KRPAN d. o. o., Palmse Mehaanikakoda, Penz crane GmbH, Quadco Inc., Southstar Equipment, and Rotobec among others.

Komatsu Forest (a subsidiary of Komatsu Ltd.)

Komatsu Forest (a subsidiary of Komatsu Ltd.) is headquartered in Umea, Sweden and was founded in year 1961. The company is engaged in providing forestry machines and services for forest related applications. The company offers wheeled harvester, harvester’s heads out of which wheeled harvester and harvester heads is market focused category.

• In September 2019, Komatsu Forest (a subsidiary of Komatsu Ltd.) announced the launch of S162E, as a new harvester head. The new harvester head is specially design for the harvesting of eucalyptus and is equipped with more robust frame.

The company has wide global presence across Americas, Europe and Asia-Pacific with its various subsidiaries such as Komatsu Forest GmbH (Germany), Oryx AB (Sweden), and Log Max AB (Sweden) among others.

 HSM Hohenloher Spezial-Maschinenbau GmbH & Co. KG

HSM Hohenloher Spezial-Maschinenbau GmbH & Co. KG is headquartered in Neu-Kupfer, Germany and was founded in 1967. The company is engaged in designing and manufacturing of machinery for forestry management. The company offers HSM Special Forestry Hauler, HSM Combination Forwarder Machines, HSM Crane Forwarders, HSM Harvester, HSM Steep Slope Technology. The company has presence across Europe.

• In August 2020, HSM Hohenloher Spezial-Maschinenbau GmbH & Co. KG announced the launch of its new 805HD ZL with 10 m crane reach. The new crane offered optimal overview due to low mounted crane, low centre of gravity, tyres up to 900 mm and hydrostatic TwinPowerDrive. The new product increased the product portfolio of the company.

CRANAB AB

CRANAB AB is headquartered in Vindeln, Sweden and was founded in 1963. The company is engaged in production and selling of wide range of forestry equipment such as forwarders crane, stationary crane, truck crane, and among which forwarder cranes is the market focused category.

• In September 2020, CRANAB AB announced the delivery of a crane to the Volvo rental truck fleet in Sweden. Volvo is providing rental timber trucks for customers that have their ordinary vehicles at service or repair. The agreement between the two companies helped in enhancing their customer reach in Sweden.

The company has presence across the globe in North America, Latin America, Asia, and Europe. In addition, it also generates revenue from its subsidiaries such as Vimek AB (Sweden), and Bracke Forest AB (Sweden) among others.