Forestry Machinery Market Growth Statistics, Regional Analysis, Top Players, Size, And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Forestry Machinery Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $11.91 billion In 2028 At A CAGR Of 5.5% :
The forestry machinery market size has grown strongly in recent years. It will grow from $9.03 billion in 2023 to $9.61 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to timber industry expansion, environmental awareness government policies and regulations, global demand for wood products, natural disaster response.

The forestry machinery market size is expected to see strong growth in the next few years. It will grow to $11.91 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to renewable energy and biomass utilization, evolving logging practices, climate change adaptation, rising urbanization, government incentives for sustainable practices. Major trends in the forecast period include automation and technology integration, fuel efficiency and alternative power sources, data analytics and remote monitoring, safety features and ergonomics, circular economy and recycling initiatives.

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Forestry Machinery Market Major Segments
The forestry machinery market covered in this report is segmented -
1) By Type: Feller Bunchers, Harvester, Skidders, Loaders, Forwarders, Grapples, Felling Heads, Harvesting Heads, Yarders, Other Types
2) By Operation: Diesel, Electrical Hybrid
3) By Sales: Used Units, New Units

Key Driver - Rising Demand For Wood And Wood Products Fuels Growth In The Forestry Machinery Market

Growing demand for wood and wood products is driving the forestry machinery market forward. Wood products refer to items or materials that are made from or derived from wood. The main function of forestry machinery is the clear-cut production of wood. The wood used for making wood products is harvested from forests using forestry machinery such as loggers and harvesters that makes large forestry tasks much easier. For instance, in December 2022, according to the reports shared by Eurostat, a Luxembourg-based government agency, Europe's roundwood production increased by 3.9 percent in 2021. Furthermore, in 2022, according to the United Nations Economic Commission for Europe, a Switzerland-based regional commission of the United Nations, the production of sawn softwood in the US was 63.4 thousand cubic meters, which was up by 1.1 % from 2020. Further, the wood products consumption index increased by 5.5% from 95.9 in 2020 to 101.2 in 2021 and the consumption index for paper and pulpwood products grew from 93.9 in 2020 to 95.5 in 2021, an increase of 1.7%. Therefore, growing demand for wood and wood products is driving the growth of the forestry machinery market.

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Prominent Trend - Innovative Forestry Processor Redefines Timber Processing With Powerful Swing System And Enhanced Fuel Efficiency

Product innovations are a key trend gaining popularity in the forestry machinery market. Major companies in the forestry machinery market are introducing innovative products to sustain their position in the market. For instance, in September 2022, Komatsu Ltd., a Japan-based manufacturing company, launched PC230F-11 forestry processor, a new swing machine for timber processing. It is intended for use in heavy-duty timber delimbing, chopping, and stacking operations. With this powerful swing system, large trees may be moved more easily. The machine is powered by a 197-horsepower Komatsu Tier 4 Final engine, which uses less gasoline than the previous Tier 4 Interim engines. It also has double the fuel capacity. Komatsu created greater storage capacity for tools, oil, and chains by relocating the fuel tank to the counterweight. Additionally, the processor includes auto power max, which automatically adjusts to sudden changes in load weight by raising power in 7-second bursts for trimming branches while cutting through trees.

Forestry Machinery Market Players
Major companies operating in the forestry machinery market report are John Deere, Komatsu Ltd., Barko Hydraulics LLC., Tigercat International Inc., Caterpillar Inc., Rottne Industri AB, Kawasaki Heavy Industries Ltd., The Volvo Group, Hitachi Construction Machinery Co. Ltd., Claas KGaA mbH., Doosan Infracore Co. Ltd, Hyundai Heavy Industries Co. Ltd, Liugong Machinery Co. Ltd., Ponsse Plc, CNH Industrial N.V., The Husqvarna Group, Morbark LLC, Eco Log Sweden AB, Valmet Oyj, Sany Heavy Industry Co. Ltd., Kesla Oyj, Link-Belt Excavators, Tanguay Machinery, Ecoforst GmbH, Palfinger Epsilon, Logset Oy, Tere*x Deutschland GmbH, Bell Equipment Company SA (Pty) Ltd., Sennebogen LLC, Vimek AB, Log Max AB, Waratah Corporation, STIHL Holding AG & Co. KG

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Largest And Fastest Growing Region In The Market
Europe was the largest region in the forestry machinery market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global forestry machinery market report during the forecast period. The regions covered in the forestry machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Forestry Machinery Market Report Structure
3. Forestry Machinery Market Trends And Strategies
4. Forestry Machinery Market - Macro Economic Scenario
5. Forestry Machinery Market Size And Growth
…..
27. Forestry Machinery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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