Global Forestry Equipment Market – Industry Trends and Forecast to 2030

Forestry Equipment Market Analysis and Size

Forestry equipment is used for logging, the equipment aid in cutting, processing, loading, and transporting logs to desire locations such as mil for further processing as the woods are extremely tall and heavy and require heavy machinery to cut and lift them. Traditionally, the work was done manually but involved several injuries at the site, and the project used to take much longer. Logging is the beginning process for providing wood as a raw material to be used in many applications such as housing, energy, construction, and consumer paper products. Logging systems are also used for managing forests, reducing the risk of wildfires, and restoring ecosystem functions

Data Bridge Market Research analyses that the forestry equipment market, valued at USD 9,819.75 million in 2022, will reach USD 14,190.76 million by 2030, growing at a CAGR of 4.71% during the forecast period of 2023 to 2030. 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.

Forestry Equipment Market Scope and Segmentation  

Market Definition

Forestry equipment refers to a wide range of specialized machinery and tools designed for use in forestry operations, including the cultivation, management, and harvesting of trees and forests. This equipment is specifically designed to enhance productivity, efficiency, and safety in various forestry tasks. Common types of forestry equipment include chainsaws, skidders, harvesters, forwarders, chippers, delimbers, loaders, and mulchers. Each piece of equipment serves a specific purpose in different stages of the forestry process, such as tree felling, log transportation, log processing, and site clean-up. Forestry equipment is designed to withstand rugged outdoor conditions and is crucial for the sustainable management and utilization of forest resources.

Forestry Equipment Market Dynamics

Drivers

• Job responsibilities drive the market growth

The crucial task of transporting, loading, and unloading heavy machinery and equipment used in forestry operations falls on the shoulders of forest equipment drivers. This includes specialized automobiles such as harvesters, skidders, forwarders, logging trucks, and other machinery. To ensure the safe placement of the machinery and adherence to correct loading and unloading procedures, they must have a thorough understanding of the machinery they are transporting. To uphold safety standards and safeguard both the equipment and the surrounding environment, their proficiency in handling and manoeuvring heavy equipment is crucial. Forestry operations run more smoothly and effectively thanks to the accuracy and knowledge of equipment drivers.

• Licensing and certification drive the market

Licensing and certification are important requirements for forestry equipment drivers. Depending on the equipment they operate, a commercial driver's license (CDL) requires a particular endorsement, like air brakes or hazardous materials. Additionally, specialized training or certifications are often required for forestry equipment, focusing on safe handling and operating procedures. These certifications ensure that drivers have the necessary skills and knowledge to operate the equipment safely and effectively, minimizing risks and promoting a secure working environment. By meeting these licensing and certification standards, forestry equipment drivers demonstrate their competence and commitment to maintaining industry standards and regulations.

Opportunities

• Safety and maintenance create market growth

The focus on safety and maintenance in the role of forestry equipment drivers presents them with an opportunity to actively contribute to a safe and secure work environment. By adhering to strict safety guidelines and protocols, drivers prioritize the well-being of themselves, their colleagues, and the equipment they transport. Their responsibility for performing pre-trip inspections allows them to identify any maintenance or repair needs, addressing them promptly to prevent potential accidents or equipment failures. By consistently upholding safety standards and ensuring proper equipment maintenance, forestry equipment drivers can actively promote a culture of safety, fostering a positive work environment and reducing the risk of incidents or disruptions during forestry operations thus have created an expansion in the market.

• Navigation and site access create lucrative opportunities to grow

The navigation and site access component of forestry equipment drivers' duties gives them a chance to demonstrate their aptitude for navigating difficult terrain and remote areas. They can efficiently move through logging roads and challenging terrain because they are accustomed to working on construction sites and in forests. Strong map-reading skills and GPS expertise enable them to plan routes efficiently, ensuring the timely and secure transportation of equipment. This knowledge helps forestry operations run more efficiently overall while also enabling workers to explore and use alternate routes as needed, adapt to shifting conditions, and perform their jobs more effectively.

Restraints/Challenges

• Safety cages and guards limit the market growth

Safety cages and guards play a crucial role in ensuring the safety of operators and bystanders in the forestry equipment market. However, they can also impose limitations on market growth. The implementation of safety cages and guards adds additional costs to the manufacturing and installation processes of forestry equipment. These safety features require specific design modifications and engineering considerations, which can increase the overall price of the equipment. Moreover, the installation of safety cages and guards may add weight and complexity to the machinery, affecting its performance and productivity. As a result, potential buyers may hesitate to invest in forestry equipment due to the higher costs and potential operational challenges associated with safety cages and guards, thus limiting the market growth.

• Locking devices impede the market growth

Locking devices act as a restraint in the market growth for the forestry equipment industry. While their primary purpose is to enhance safety, they introduce complexities and inconveniences that hinder operational efficiency. Operators must engage and disengage locking mechanisms, which consumes additional time and effort during workflows. This can impede productivity and overall operational effectiveness. Moreover, the costs associated with implementing and maintaining locking devices raise upfront and ongoing expenses for buyers, creating hesitation in investing in forestry equipment. As a result, the market growth for forestry equipment is limited by the restraints imposed by locking devices.

This forestry equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the forestry equipment market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In 2022, To grow its sustainable forestry business and contribute to carbon neutrality, Komatsu purchased Bracke Forest AB, a Swedish producer of silviculture attachments. Komatsu concentrates its forestry efforts in support of sustainable forestry, which includes forest management and silviculture in addition to harvesting and transportation. Additionally, Komatsu works to automate hazardous tasks, encourage the widespread use of safety-enhancing forest machinery, and advance "smart forestry," which analyzes data from satellites and drones to manage forests, including the quantity and height of trees.
• In 2022, Three Deere-Hitachi joint venture factories have been fully acquired by John Deere, and new license and supply agreements with Hitachi Construction Machinery have begun. Construction excavators and forestry machinery under the Deere brand will continue to be produced in the former joint venture factories.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Forestry Equipment Market Scope

The forestry equipment market is segmented on the basis of type, product, power source, material, forest type, system type, technique, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Felling Equipment
• Chainsaws
• Harvesters
• Feller Bunchers
• Extracting Equipment
• Forwarders
• Skidders
• Others
• On-Site Processing Equipment
• Chippers and Grinder
• Delimbers and Slashers
• Others
• Cutting and Loading Equipment
• Separately Sold Parts and Attachments
• Saw Chain
• Guide Bars
• Discs and Teeth
• Harvesting
• Others
• Other Equipment
• Loaders
• Mulchers
• Others
• Bunchers
• Swing Machines

Product

• Delimber
• Feller Bunchers
• Stump Grinders
• Yarders
• Forwarders
• Log Loaders
• Harvesters
• Skidders
• Timber Transport Trucks
• Chippers for Energy-Wood
• Others

Power Source

• Petrol
• Oil
• Gas
• Battery
• Electric Corded
• Cordless
• Others

Material

• Metal
• Plastic
• Wood
• Recycled Plastics
• Synthetic Resin
• Others

Forest Type

• Natural
• Man-Made
• Tree Plantations

System Type

• Full-Tree Systems
• Short Wood Systems
• Tree-Length Systems

Technique

• Tree Felling
• Topping and Debranching
• Debarking
• Extraction
• Log Making/Cross-Cutting
• Scaling
• Sorting and Piling
• Loading
• Others

Distribution Channel

• Third Party Distributors
• B2B/Direct Sales
• E-Commerce
• Brand Websites
• Specialty Stores
• Others

Forestry Equipment Market Regional Analysis/Insights

The forestry equipment market is analysed and market size insights and trends are provided by country, type, product, power source, material, forest type, system type, technique, and distribution channel as referenced above.

The countries covered in the forestry equipment 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.

Germany in Europe dominates the forestry equipment market in battery type segment as it is largest manufacturer and service providers of the forestry equipment in battery segment and heavy research and development investments are taking place in the country. The timber business has a huge market in Germany as the economic opportunities are increasing. The U.S. is the second largest country in type segment in forestry equipment market as it has many local manufacturers of forestry equipment.

China in Asia-Pacific being the third in the list in type in forestry equipment market and is the growing market as now companies are heavily investing due to low manufacturing cost and lucrative opportunities for the timber business.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Forestry Equipment Market Share Analysis

The forestry equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to forestry equipment market.

Some of the major players operating in the forestry equipment market are:

• Caterpillar (U.S.)
• Deere & Company (U.S.)
• Komatsu Forest (Sweden)
• Ponsse Oyj (Finland)
• Tigercat International Inc. (Canada)
• Husqvarna AB (Sweden)
• Doosan Corporation (South Korea)
• CNH Industrial N.V. (U.K.)
• AB Volvo (Sweden)
• Hitachi Construction Machinery Co., Ltd (Japan)
• Morbark Brand (U.S.)
• Barko Hydraulics, LLC (U.S.)
• BELL Equipment (South Africa)
• Eco Log Sweden)
• Logset Oy (Finland)
• Sampo-Rosenlew Oy (Finland)
• TimberPro Inc (U.S.)
• SANY Group (China)
• FAE Group S.p.A. (Italy)
• Morooka Co.,Ltd. (Japan)

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