×

Global Forestry Machinery Market to Register a CAGR of 3.9% Over the Forecasted Period

 3.0   Star Rating

 Published Date : 17 Jan 20   |   Views: 49   |  Industry : Machinery & Equipment

Global Forestry Machinery Market to Register a CAGR of 3.9% Over the Forecasted Period

QYR Consulting has recently introduced a new report titled, “Forestry Machinery Market Report: Company Analysis, History and Future Overview,” which provides an in-depth analysis to predict growth and other major factors influencing the market. According to the report, the global Forestry Machinery market is likely to attain US$ 12.5 Bn by 2025 from US$ 9.5 Bn in 2018. The Forestry Machinery Market is estimated to register a lethargic CAGR of 3.9% from 2019 to 2025. Largescale application of industrial round wood, which can also be used as raw material to produce panel products, sawn wood or pulp is driving the growth of the global Forestry Machinery market.

Segmental Analysis

Increasing Use of Harvester to Procure Wood is Likely to Fuel the Segment Growth 

The machine type segment of the market is divided into Forwarders, Skidders, Swing Machines, Harvesters, Bunchers, Loaders, and Other Forestry Machines. Increasing demand for harvesters for the purpose of bucking, delimbing, and felling trees has largescale usage in wood-cutting and it is mostly used in construction and furniture industries, which is likely to augment the growth of the harvesters segment.

Global Forestry Machinery Market to Register a CAGR of 3.9% Over the Forecasted Period

Asia-Pacific

Global Forestry Machinery Market to Register a CAGR of 3.9% Over the Forecasted Period

Regional Analysis


Conversion of Forest Lands into Arable lands in the Asia-Pacific is Driving the Growth of the Market 

The increasing population particularly in the Asia-Pacific region has resulted in the conversion of forest lands to arable lands. Rapid urbanization and industrialization have resulted in the decline of trees, which are used for wood for its largescale applications in construction and infrastructure building. All these factors have resulted in increasing demand for forestry machinery, which is likely to foster the growth of the market. 

Key Players


Market Players are Keen to Offer Innovative Machinery to Provide Better Solutions

Deere and Co., Barko Hydraulics L.L.C., Rottne Industri AB, Komatsu, Ponsee Oyj, Eco Log Sweden Ab, and Doosan Infracore North America Llc are some of the major companies operating in the global market.

Key players are inclined to manufacture efficient and safe machines to meet the needs of the end-use industries. The market players are also keen to invest in product innovations to provide better solutions. 

For instance, PONSSE launched a Fox harvester, a fuel-efficient machine. It is an ideal blend of advanced technology and it provides stability, visibility, and low surface pressure, which can be used to make a soft terrain in harsh conditions.


Global Forestry Machinery Market to Register a CAGR of 3.9% Over the Forecasted Period

Global CAGR During 2020-2026


3.9%

Market Dynamics


Largescale Usage of Forestry Machinery in Various Industries to Contributing Market Growth

High demand for wood in the commercial and industrial sectors has resulted in largescale usage of the Forestry Machinery. Increasing the adoption of Silviculture is expected to drive the growth of the market. Increasing demand for industrial round wood is also likely to contribute to the growth of the Forestry Machinery market over the next few years.


For further information, check :https://www.qyrconsulting.com/reports/forestry-machinery-market


Ask a Question

Get in touch with us to find answers to all your business-related queries for fast results.

  Thank you for sharing your rating with us.