Forestry Machinery Market Report

The global Forestry Machinery market is expected to benefit from surge in the production of industrial roundwood. Due to increasing construction activities across the globe, demand for wood is high. This scenario is eventually calling for the usage of Forestry Machinery. It has been observed that older forestry machines are being replaced by the newer equipment, which is expected to bode well for the market. Manufacturers are designing Forestry Machinery with increased efficiency, quality, and safety in order to meet the growing demand of the end users.

The Forestry Machinery market has been undergoing a number of product innovations. One such instance is Fox harvester by a key company, called PONSSE. It is a fuel-efficient machinery and an ideal blend of advanced technology and reliable basic solutions. Its exceptional power, good visibility, stability, and low surface pressure make the machinery perfect for soft terrain and demanding conditions.

Acquisition to Emerge as a Key Strategic Initiative among Manufacturers

Barko Hydraulics L.L.C., Deere and Co., Ponsse Oyj, Komatsu, nTigercat International Inc., Rottne Industri AB, Doosan Infracore North America Llc, and Eco Log Sweden Ab are some of the key companies operating in the Forestry Machinery market.

Manufacturers are anticipated to take up product innovations, portfolio expansion, and mergers and acquisitions as key growth strategies in the years ahead. For instance, Komatsu has acquired TimberPro, a forestry machine manufacturer. The acquisition will help the company bolster its position in the full-tree-length market and allow it to provide products for professional logging.

High Demand for Round Wood in Construction Activities to Drive the Forestry Machinery Market

Surge in the demand for round wood in infrastructure as well as construction activities is one of the key factors driving the demand for Forestry Machinery. Ongoing mechanization of forestry operations in developing regions is anticipated to create robust demand for Forestry Machinery in the coming years. Increasing emphasis on forest management is calling for the usage of forestry equipment, thus boosting the market growth. With technological innovations, manufacturers are developing advanced and efficient forestry machines, which is eventually increasing the sales of Forestry Machinery.

However, high initial investment and maintenance cost of the machinery may act as a key restraint in the Forestry Machinery market growth. Strict regulatory mandates can also challenge the Forestry Machinery market to an extent in future.

Market Segmentation

By Machine Type

●  Skidders

●   Forwarders

●  Swing Machines

●  Bunchers

●  Harvesters

●  Loaders

●  Other forestry machinery

The analysts have predicted that the demand for skidders is expected to rise in the years ahead owing to their speed as well as ability to operate under most adverse conditions and on all kinds of terrain. Moreover, they have high ground clearances and can haul faster as compared to other Forestry Machinery. Forwarders may gain traction among the end users in the coming years due to growing need for improved and fast transportation of logged woods from forests to stock areas. 

By Region

Presence of a healthy capital spending environment, high construction expenditures, and growth in roundwood output in the US are some of the key factors responsible for the Forestry Machinery market growth in North America. Europe is also likely to emerge as a lucrative region in the coming years on account of supportive measures taken by the EU countries to fund forestry operations. Surge in the building and construction activities may create demand for Forestry Machinery in Asia Pacific.

The machinery and equipment sector is always undergoing changes with evolution in technology. Machinery and equipment include a wide range of products for various applications. Players are constantly striving to bring in innovation for efficiency and to remain relevant in the cutthroat competition. QYR Consulting brings to its readers reports ranging from heavy trucks to automated teller machines. These reports have been written after a careful analysis of the growth of the market over decades and by taking into account its trajectory.

The titles below discuss opportunities, threats, strengths, and restraints present in the machinery and equipment sector. Our dedicated team of analysts have compiled key statistics that define the trends so far and highlight the key areas of development. The collection of reports track the potential areas for investments and the upcoming trends, which could be the defining moments for the industry.