Market Report Summary
Market - Forestry Machinery Market
Market Value - US$ 8.5 Bn in 2021
Market CAGR Value – 4.7% in 2031
Market Forecast Year – 2021 to 2031
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This report provides in depth study of SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Forestry Machinery Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
As per Persistence Market Research analysis, the global forestry machinery market is projected to be valued at around US$ 8.5 Bn in 2021, expanding at a CAGR of 4.7% over the forecast period of 2021-2031. Consistent consumption of timber and natural wood by end-use sectors such as construction, energy, and agro products is set to drive the sales of forestry machinery over the coming years.
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Market players are launching new, innovative products to stay ahead in the competition and increase their sales and profits.
- RABAUD, a major player in the wood-energy industry, complemented its XYLOG wood processor range with a new model that is even more versatile and user-friendly. XYLOG 520 enables to split logs from 20 up to 50 cm long.
- Ponsse launched a completely modernized range of Scorpion harvesters, which meets all the requirements of forestry today. The new PONSSE Scorpion takes harvest productivity and ergonomics to the next level and sets a new standard for the operator’s working environment.
- Tigercat INC introduced new features in its existing product - the 875 Logger, which was advanced to E- series.
The ongoing crisis caused by the COVID-19 pandemic has resulted in disruption of supply chain networks and manufacturing activities. In lieu of the same, sales of forestry machinery is understood to have plummeted during the initial stages of the pandemic. With regional manufacturing sector operations reviving toward threshold rates, the market is expected to recover gradually over the next 3-4 quarters of the next fiscal.
Key Players:
The report has profiled some of the Important players prevalent in the global like – John Deere, Hitachi Construction Machinery Co., Ltd., Liugong Machinery Co., Ltd., Caterpillar, Kubota Corporation, Komatsu, Kawasaki Heavy Industries, Ltd., Volvo AB, Ponsse, Bell Equipment, Tigercat International Inc., Rottne Industri AB, Eco Log, and Dafo and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Forestry Machinery.
Key Takeaways from Market Study
- Burgeoning construction industry & increasing awareness about connected machines for remote monitoring are anticipated to augment sales of forestry machinery.
- With research & development, new techniques are making market competition tougher. Tier-I manufacturers are focusing on high performance and advanced forestry machinery for customers.
- Used machinery is gaining significant amount of demand in the market, owing to lower price.
- Stringent norms enforced by regional governments and increasing end-user awareness about zero emission-based machinery and off-road equipment are strongly advocating the employment of electric hybrid-operated machinery over conventional fuel-based porotypes.
- Demand for wood products is increasing with population growth and growing disposable income of the population. This factor is especially true across the U.S., China, and Australia, which is likely to boost demand for forestry machinery.
- Indonesia, Russia, and Latin American countries are picking up pace in the forestry machinery industry.
“Increasing trend of leasing & renting services of forest machinery and design of environment-compliant prototypes by OEMs will be observed as long-term market trends in this space,” says a Persistence market Research analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Forestry Machinery Market Manufacturers
Forestry Machinery Market Distributors/Traders/Wholesalers
Forestry Machinery Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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View Report Table of Contents, Figures, and Tables
Major Highlights of the Forestry Machinery Market Report:
- The Forestry Machinery Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Forestry Machinery Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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