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Timber Harvesting Equipment Market is expected to expand at a value CAGR of 5.5% over 2025

Timber Harvesting Equipment Market

Timber Harvesting Equipment Market

According to the new report published by Persistence Market Research titled “Timber Harvesting Equipment Market: Global Industry Analysis (2012-2016) and Forecast (2017–2025),” the global timber harvesting equipment market is expected to expand at a value CAGR of 5.5% over the forecast period (2017–2025). It is expected that the market will reach a value of US$ 26,785.9 Mn by 2025 end. In terms of volume, the market is expected to increase at a CAGR of 4.3% over the forecast period and account for the sales of 4,888,581 units by 2025 end.

The rise in demand for wood as fuel as well as construction material is the main driver influencing the growth of the timber harvesting equipment market. It has been observed that the sales of timber harvesting equipment is highly correlated with the demand for wood and products derived from wood. In the current scenario, forest products such as fuel wood, round wood, saw wood among others trigger the demand for timber harvesting equipment.

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Global Timber Harvesting Equipment Market: Drivers

Conversion of forest areas to agricultural lands- Rapid conversion calls for mechanized operation to process felling thereby improving the demand for timber harvesting equipment
Rise in urbanization from rural to metro areas- The growth in population and demand for more residential areas will also support the demand for timber harvesting equipment over the forecast period

Increasing requirement for mechanization and automation- There is a growing demand for equipment such as harvesters that in a single movement can cut the tree from the base, debark it and cut into required lengths in less than a minute

Growth in the expatriate population and tourism- Modern timber harvesting equipment are efficient and decrease the amount of wastage produced, which is expected to be a major factor driving the growth of the timber harvesting equipment market over the forecast period
Global Timber Harvesting Equipment Market- Forecast by Product Type

On the basis of product type, the global timber harvesting equipment market is segmented into chainsaws, harvesters, feller bunchers, forwarders and skidders. Harvesters and feller bunchers are sub-segmented into wheeled type and tracked type. The most preferred timber harvesting equipment in the market today is the chainsaw segment representing a myriad of advantages in relation to costs, availability, low maintenance and versatility. Mechanized timber harvesting equipment such as harvesters and feller bunchers among others are preferred in the northern countries of Europe in order to increase productivity though they pose high initial investments.

Global Timber Harvesting Equipment Market- Forecast by Harvesting Mode

This segment includes full tree, cut-to-length and tree length segments. Full tree harvesting is forecasted to dominate the global market in 2017. Companies are striving to develop better technological products owing to rising consumer demands. The segment is estimated to be valued at US$ 11,264.2 Mn by the end of 2017 and is likely to reach US$ 17,957.0 Mn by the end of 2025,

expanding at a CAGR of 6.0% throughout the projected period.

Global Timber Harvesting Equipment Market- Forecast by Region

The global market is segmented into the key geographies of North America, Latin America, Europe, APAC, and MEA. As a market driven by the demand for wood including round wood, pulpwood among others, Asia Pacific, North America and Europe will draw in a large market share in the current and upcoming years. The potential of the market in the Middle East and Africa region will be relatively slow owing to the lack of harvestable areas in the region.

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Global Timber Harvesting Equipment Market- Key Players

Prominent players operating in the Timber Harvesting Equipment Market players consist of the following:

Deere & Company
Komatsu Ltd.
Ponsse Oyj
Caterpillar Inc.
Tigercat International Inc.
Logset Oy
Eco Log Sweden AB
Rottne Industri AB
Husqvarna AB
Andreas Stihl AG & Company KG
Stanley Black & Decker, Inc.
Hitachi Ltd.
Kesla Oyj

About Industrial Automation Domain of PMR@ https://www.persistencemarketresearch.com/category/industrial-automation.asp

The Industrial Automation team at Persistence Market Research provides expert opinions and incisive inputs about broad array of products used extensively in the manufacturing industry. The team has compiled comprehensive market research reports on gears, valves, bearings, special purpose machinery, and other key segments in this evolving landscape. In addition to offering syndicated market research studies, the team consults clients from all across the globe on their unique, strategic needs. Need help with your next project? Feel free to reach out.

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About Us:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources.

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