Forestry Equipment Market Global Outlook 2021-2026 | Deere, Kubota, Mahindra, New Holland, CHALLENGER

Global Forestry Equipment Market report provides an in-depth analysis of the COVID-19 impact, key player’s strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. The Market report focus to provide extensive information on industry with market overview, key trends and business plans for Forestry Equipment market.

The Global Forestry Equipment Market is expected to register a CAGR of 4.75% over the forecast period of 2021 - 2026.

Market Overview:

According to New Zealand's Ministry for Primary Industries, Forestry is New Zealand's third-biggest export industry, after dairy and meat, accounting for around USD 5 billion a year, and 3.2% of the country's gross domestic product. ATS Logging Limited is using six Volvo Construction Equipment (Volvo CE) excavators at three plantation forests across New Zealand, which are helping the industry to meet its target of USD 12 billion in forest and wood product exports by 2022, set by the Wood Council of New Zealand.

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The Top Key Players in the Global Forestry Equipment Market are like Deere, Kubota, Mahindra, Kioti, New Holland, CHALLENGER, AgriArgo, Claas, CASEIH, JCB, Same Deutz-Fahr, Tractors and Farm Equipment Limited, Indofarm Tractors, V.S.T Tillers, BCS, Zetor, Zoomlion, Dongfeng Farm, Jinma, YTO Group and Others.

Industry News:

- August 2020 - John Deere launches the mulcherhydraulics conversion kit for the 843l and 843l-ii wheeled feller bunchers. The kit allows customers to equip their machines for mulching applications, expanding the capabilities of the 843 models. The field kit can be used with compatible mulching heads, such as the new FeconRK8620 Mulching Head, which was built specifically for use on the John Deere 843L and 843L-II machines.

- April 2019 - Caterpillar Inc. announced it has entered into a definitive agreement with Weiler Forestry, Inc. to sell Caterpillar’s purpose-built forestry business. The closing is expected to occur in the third quarter of 2019. This agreement follows the preliminary agreement between the two companies.

Key Market Trends:

Increasing Automation Will Boost Demand for Forestry Equipment

- To improve productivity, dependence on mechanized methods for forest harvesting has increased steadily over the years. High-performance equipment such as harvesters can cut a tree from the base, debark it and cut into required lengths within a minute span.

- Increasing demand for wood and wood products, abreast of the paradigm shift to mechanized processes for felling forest trees, have significantly upheld the demand for forestry machinery. This, in return, pushes for more automation.

- Moreover, Labor remains the largest overhead in the forest industry at least one-third or more of the total cost in logging operations and a reduced interest in the forest field, the move towards automation is more than fruitful.

- Automation has eased the need for harder-to-fill jobs while simultaneously lowering the costs of operation by reducing labor overhead.

- Furthermore, automation will aid new dimensions in the coming years in forest industry by making the task easy, productive, and efficient and achieving the desired result in a short span of time.

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Top Line Market Forecast:

Both Regional and Global sectors are included in the Outlook, with special breakouts for the NAM, European, MENA, and Asia-Pacific regions. The data covered is from 2016 to 2020 historically and from 2021 to 2026 forecast, it also includes the impact of Post-Covid-19 both on the short- and long-term prospects of the industry.

Asia Pacific to be Fastest Growing Market

- Asia-Pacific will remain the largest region and fastest-growing region during the forecasted period.

- Moreover, due to growth in building and construction activities and increasing demand for woods in home furnishing applications, the region is expected to have high volumes of demand.

- Furthermore, the Asia-Pacific has become a major producer, consumer, and exporter of wood products. Industrial Roundwood production has grown but demand is rising faster, increasing dependence on imports.

- According to FAO United Nations, 2019 report, total Roundwood consumption has been relatively stable in the region for the last two decades at about 1.2 billion m3 per year, with efficiency gains and recycling reducing the volume of virgin industrial wood required.

- Thus the demand for forestry equipment in this region is expected to be higher side in the coming years.

This Forestry Equipment Market report addresses:

The Market size from 2016-2020
Expected market growth until 2026
Forecast of how market drivers, restraints, and future opportunities will affect
Segment and regions that will drive or lead market growth and why
Comprehensive mapping of the competitive landscape
In-depth analysis of key sustainability strategies adopted by market place

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- Post Covid-19 Analysis

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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