Press release
Global Forestry Machinery Market: Unfolding Growth Trajectory, Key Market Players and Emerging Trends
What Is The Projected Market Size Of The Global Forestry Machinery Market And Its Growth Rate?
The global forestry machinery market is experiencing robust growth. Key market size values include:
• The market size grew from $9.54 billion in 2024 to $10.11 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.9%. This growth was tied to numerous factors, such as the expansion of the timber industry and increasing environmental consciousness.
• The market size is predicted to soar to $12.71 billion in 2029, maintaining the CAGR of 5.9%. The growth during this period will be attributable to various factors, such as increasing the usage of renewable energy and biomass, evolving logging practices, climate change adaptation, and rising urbanization.
What Is Driving The Growth In The Forestry Machinery Market?
The rise in demand for wood and wood products is propelling the growth of the global forestry machinery market. Forestry machinery, including loggers and harvesters, is utilized to harvest wood from forests, promoting ease in large forestry tasks. For instance, the European Union was a major exporter of roundwood, superseding imports by 12.5 million m³ in 2022 according to Eurostat. Consequently, the surge in wood requirements amplifies the demand for forestry machinery.
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Who Are the Key Players Driving Forestry Machinery Market Growth?
Leading companies in the forestry machinery market include
• John Deere
• Komatsu Ltd.
• Barko Hydraulics LLC.
• Tigercat International Inc.
• Caterpillar Inc.
• Rottne Industri AB
• The Volvo Group
• Hitachi Construction Machinery Co. Ltd.
• Doosan Infracore Co. Ltd
• Liugong Machinery Co. Ltd.
What Are The Key Trends In The Forestry Machinery Market?
Trends dominating the forecast period include:
• Automation and technology integration
• Fuel efficiency and alternative power sources
• Data analytics and remote monitoring
• Implementation of safety features and ergonomic designs
• Adoption of the circular economy and recycling initiatives
What Are The Segments Of The Global Forestry Machinery Market?
The global forestry machinery market is classified by:
1) Type: Feller Bunchers, Harvester, Skidders, Loaders, Forwarders, Grapples, Felling Heads, Harvesting Heads, Yarders, Other Types
2) Operation: Diesel, Electrical Hybrid
3) Sales: Used Units, New Units
Which Region Leads The Forestry Machinery Market?
Europe dominated the forestry machinery market in 2024, and Asia-Pacific is projected to be the fastest-growing region in the forthcoming years. The regions analyzed in the forestry machinery market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Forestry Machinery Market Global Market Report?
- Market Size Analysis: Analyze the Forestry Machinery Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Forestry Machinery Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Forestry Machinery Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Forestry Machinery Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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