Timber Harvesting Equipment Market to Expand with Significant CAGR During 2016 - 2026

Timber Harvesting Equipment Market Segmentation:

On the basis of product type, timber harvesting equipment market is segmented into trailers, chain-saws, winches, chippers, harvesters, and skidder cranes.

Geographically timber harvesting market is segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa. North America, Latin America holds significant opportunity. In Asia Pacific excluding Japan region, demand for timber harvesting equipment is growing in countries such as, Australia and China.

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Timber Harvesting Equipment Market Dynamics:

Increasing mechanization of operations related to forests across emerging economies is driving the demand for timber harvesting equipment market. Also, improved economic & growing industrial sector are expected to leads towards harvesting more timber, thereby fueling the timber harvesting equipment market growth in the near future. Owing to benefits associated with timber harvesting such as maintenance of overall lower logging costs and bringing extra income in short period of time, better control over timber harvesting, companies are engaged in timber harvesting. This is predicted to bolster the demand for timber harvesting equipment during the forecasted years. Technological advancements in timber harvesting equipment such as use of Geographic Information Systems (GIS) with the help of global positioning system (GPS) helps to identify and locate the plot location and other information including latitude, longitude, and altitude. This is gaining significant traction among the companies in order to offer better accessibility of the equipment to the user.

However, there are some factors which restrain the timber harvesting equipment market growth such as initial risk associated with the timber harvesting process and high cost of the equipment.

Changing economic changes have a due impact on labour cost associated with use of machinery, capital, and labour during entire production year. Increasing application of timber harvesting equipment is expected to reduce the labour cost, thus leading towards increasing use of timber harvesting equipment by companies operating in timber harvesting equipment market. Moreover, new innovations in timber harvesting equipment products such as walking forest machine has very high growth opportunity in the global timber harvesting equipment market.

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Timber Harvesting Equipment Market Key Players:

Some of the key players operating in the timber harvesting equipment market are CNH Industrial NV, Doosan Infracore Company Limited, CLAAS KGaA GmbH, Concern Tractor Plants, Hitachi Limited, Hyundai Heavy Industries Company Limited, Komatsu Limited, Husqvarna AB (publ), KOBE STEEL, LTD., SENNEBOGEN Maschinenfabrik GmbH, Xiamen XGMA Machinery Company Limited and YAMABIKO Corporation.

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