Precision Forestry Market 2021 Size, Growth Analysis Report, Forecast to 2027

The global precision forestry market is projected to expand at a significant CAGR during the forecast period. The increasing replacement of traditional forestry harvesting equipment with fully mechanized cut-to-length (CTL) technology for harvesting, is the key to the growth of the precision forestry market. The growing interest of forest owners and government towards digitization and automation in the forestry industry and advancement in technology is expected to boost the demand for precision forestry services. The rapid development in harvesting and fire management is raising the demand for the precision forestry market. Increasing forestry operations, surveillance technology, increased government support to adopt the new techniques and advanced monitoring requirements are some of the key factors that are expected to increase the demand for the precision forestry market.

A full report of Precision Forestry Market available at: https://www.orionmarketreports.com/precision-forestry-market/23799/

The key market players include Deere and Company, Trimble, Raven Industries, Ponsse, Caterpillar, Ecolog, and Tigercat. The major companies have adopted the strategies like mergers and acquisitions, agreements, new product launches, and partnerships to grow the market. For instance, in November 2018, Canadian company Tigercat partnered with Russian firm EkoNivaTechnka-Holding to strengthen its foothold in the precision forestry market. Moreover, a boost in construction work, growing demand for round wood from the industrial sector, rising demand for timber from sawmills, and increasing government measures to curb illegal logging and deforestation are expected to fuel the growth of the global precision forestry market.

Precision Forestry Market - Segmentation

By Application

• Genetics and Nurseries
• Silvi culture & Fire Management
• Harvesting Management
• Inventory & Logistics Management

By Technology

• Cut-to-Length
• Geospatial

By Offering

• Hardware
• Software
• Services

Segment by Region

North America

US

• Canada
• Mexico

Europe

• Germany
• France
• Italy
• Spain
• UK
• Rest of Europe

Asia-Pacific

• Japan
• China
• India
• Australia and New Zealand
• Rest of Asia-Pacific

Rest of the World

• South America
• Middle East
• Africa

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Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Precision Forestry Market Report

• What was the Precision Forestry Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Precision Forestry Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Precision Forestry Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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This release was published on openPR.