Wood is used widely as a building material; when it comes to sustainable construction, it is the most common material. The peculiar qualities of wood have been used to create an infinite number of buildings. This highly durable material is widely used for building houses and shelters and is often used in the furniture and home decor industry. The high growth in construction industry has increased the utilization of wood. This wood is extracted from forest by using forestry equipment, thus increasing the market's growth.
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Global Forestry Equipment Market is expected to reach USD 12,942.83 million by 2028 from USD 8,876.90 million in 2020, growing with the CAGR of 5.3% in the forecast period of 2021 to 2028. The growth of forest machinery and equipment has grown over the years as the role of forest management activities have increased. The machines are being designed now that cause shallow effect on the soil and do not cause any damage while harvesting and felling. Forest equipment increases the complete logging process's speed and provides higher productivity that manual labor cannot achieve. The market players are therefore developing highly advanced equipment and machinery that can provide higher efficiency, increase productivity, and provide a safe working environment.
Rapid urbanization and technological advancements across the world will drive the market's growth rate
There are several types of material, such as felling equipment, extracting equipment, on-site processing equipment, and cutting and loading equipment. Felling equipment is those equipment that aids in cutting trees and accomplishing the first process of logging. Extracting equipment aids in the movement of fallen logs on the ground after cutting to a roadside landing. On-site processing equipment helps process the stem by removing the head of the tree, cleaning it, and cutting it into the desired size. The logs after extraction must be sent at the mils for further processes, the equipment involved in lifting these logs and transporting them to the desired location are termed cutting and loading equipment.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2013 - 2018)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Felling Equipment, Extracting Equipment, On-Site Processing Equipment, Cutting and Loading Equipment and Other Equipment), Product (Delimbers, Feller Bunchers, Stump Grinders, Mulchers, Yarders, Forwarders, Log Loaders, Harvesters, Skidders, Timber Transport Trucks, Chippers for Energy-Wood and Others), Power Source (Petrol, Battery, Electric Corded, Cordless and Others), Material (Metal, Plastic, Wood, Recycled Plastics, Synthetic Resin and Others), Forest Type (Natural, Man-Made, Tree Plantations), System Type (Full-Tree Systems, Short Wood Systems and Tree-Length Systems), Technique (Tree Felling, Topping and Debranching, Debarking, Extraction, Log Making/Cross-Cutting, Scaling, Sorting and Piling, Loading and Others), Distribution Channel (Third Party Distributors, B2B/Direct Sales, E-Commerce, Brand Websites, Specialty Stores and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Konrad Forsttechnik GmbH (Germany), Komatsu Forest (Sweden), HSM Hohenloher Spezial-Maschinenbau GmbH & Co. KG (Germany), SP Maskiner (Sweden), Log Max AB (Sweden), FTG Cranes AB (Sweden), CRANAB AB (Sweden), Penz crane GmbH (Germany), Quadco Inc. (Canada), Southstar Equipment (Canada), Rotobec (Canada) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
Global forestry equipment market is segmented into eight notable segments which are based on type, product, power source, material, forest type, system type, technique and distribution channel.
The debarking segment will dominate the technique segment of the forestry equipment market
The debarking segment will emerge as the dominating segment technique segment. This is because of the growing availability of debarking equipment in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
The B2B/direct sales segment will dominate the distribution channel segment of the forestry equipment market
The B2B/direct sales segment will emerge as the dominating segment under distribution channel. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the chemicals and materials industry all around the globe will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in market: Konrad Forsttechnik GmbH (Germany), Komatsu Forest (Sweden), HSM Hohenloher Spezial-Maschinenbau GmbH & Co. KG (Germany), SP Maskiner (Sweden), Log Max AB (Sweden), FTG Cranes AB (Sweden), CRANAB AB (Sweden), Penz crane GmbH (Germany), Quadco Inc. (Canada), Southstar Equipment (Canada), Rotobec (Canada)
Market Development
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in forestry equipment market during the forecast period 2021 to 2028
North America dominates the market due to rising aftermarket sales and evolving cut-to-length logging practices in the area, the region is predicted to experience moderate growth throughout the projected period.
Asia-Pacific is estimated to be the fastest-growing region in forestry equipment market the forecast period 2021 to 2028
Asia-Pacific is expected to have the greatest CAGR. This expansion is attributable to the ongoing development strategies designed to strengthen the forestry sectors of countries like China, India, and Indonesia.
COVID-19 Impact
The COVID-19 pandemic significantly impacted the forestry sector. Some downstream wood processors had to temporarily close during the lockdown that occurred during the first half of 2020. As a result of the lockdown and restricted movement of persons and materials during the first phase of COVID-19, which led to the closure of the respective locations, several suppliers of forestry equipment experienced supply chain interruption.
For more detailed information about the forestry equipment market, visit: https://www.databridgemarketresearch.com/reports/global-forestry-equipment-market
Global Forestry Equipment Market – Industry Trends and Forecast to 2027
Asia-Pacific Forestry Equipment Market – Industry Trends and Forecast to 2028
Europe Forestry Equipment Market – Industry Trends and Forecast to 2028
Middle East and Africa Forestry Equipment Market – Industry Trends and Forecast to 2028
North America Forestry Equipment Market – Industry Trends and Forecast to 2028