Press release
Forestry Machinery Market Growth Insights, Size, Share, Trends and Forecast by 2030
Forestry Machinery Market
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Increasing demand for wood and wood products due to the rapidly increasing population is a major factor that is expected to drive the growth of the forestry machinery market in the upcoming years. Besides, a surge in demand for food across the globe has resulted in increasing cultivation activities worldwide which is another key factor that can potentially fuel the growth of the forestry machinery market for the next few years. Moreover, escalating demand for higher productivity from harvesting has resulted in the increasing adoption of harvesters and forwarders. This factor can boost the demand for forestry machinery in the next few years.
Growing awareness about the advantages of technology in forestry practices is a key factor that can fuel the growth of the forestry machinery market. The adoption of advanced technologies like Global Positioning System (GPS) tracking in forestry machinery is anticipated to revolutionize the forestry industry. The integration of this technology with forestry machinery facilitates reliable navigation and accurate mapping during timber harvesting. The integration of such advanced technologies for forestry activities is anticipated to boost the growth of the forestry machinery market in the upcoming years.
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Top Players:
Caterpillar Inc., Claas KGaA, Deere & Company, Barko Hydraulics LLC, Komatsu Ltd., Doosan Infracore Co. Ltd, AB Volvo, CNH Industrial N.V., Bell Equipment, Hyundai Heavy Industries Co. Ltd
Segmentation Based On:
By Type -
Skidders
Forwarders
Harvesters
Swing machines
Loaders
Others
By Region -
North America (US, Mexico, Canada)
Europe (Germany, UK, France, Italy, rest of Europe)
Asia Pacific (China, Japan, India, Australia, rest of Asia Pacific)
LAMEA (Latin America, Middle East, Africa)
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