Forestry Machinery Market

Global Market Study on Forestry Machinery: Hybrid Machinery Gaining Preference Over Diesel Variants

Forestry Machinery Market Segmented By Feller Bunchers, Harvester, Skidders, Loaders, Forwarders, Grapples, Felling Heads, Harvesting Heads, Yarders, Splitters, Stump, Grinders Type in Diesel Engine, Electric Hybrid Operation

Forestry Machinery Market Outlook (2022-2031)

The global forestry machinery market is slated to reach US$ 13.62 Bn in the year 2031 at a CAGR of 4.8%.

Forestry Machinery Market (2022)

US$ 8.96 Bn

Projected Market Value (2031)

US$ 13.62 Bn

Global Market Growth Rate (2022-2031)

4.8% CAGR

Market Share of North America and Europe

51.1%

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Companies

  • Caterpillar
  • John Deere
  • Tigercat International Inc.
  • Volvo AB
  • Komatsu
  • Kubota Corporation
  • Hitachi Construction Machinery Co., Ltd.
  • Liugong Machinery Co., Ltd.
  • Ponsse Oyj
  • Barko Hydraulics L.L.C
  • Kawasaki Heavy Industries, Ltd
  • Dafo
  • Rabaud
  • Eco Log
  • Rottne Industri AB
  • Bell Equipment

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The global forestry machinery market was worth US$ 7.66 Bn in the year 2016. The CAGR witnessed from 2016 to 2021 was 2.9%. However, it is expected to grow almost two-fold between 2022 and 2031.

The forest management activities are being closely monitored since the last few years. There has also been an ever-increasing awareness amongst the people regarding forest preservation. The countries like China, Canada, and the US are witnessing a growing production of Roundwood. Forest science is also being developed for enhancing forest operations including low-impact harvesting and lowering the fire risks.

The awareness regarding afforestation is also expected to expand in the years to come. Brazil is already working towards it. The other countries like Peru are expected to follow suit. As of now, though LATAM holds 15.6% of market share (due to Brazil), it is expected to witness an upsurge in the near future. It’s just a matter of time.

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How are Felling and Extracting Equipment creating wonders?

“Finding Automation Well”

Felling equipment accounts for more than 30% of the market share. It comprises chainsaw, harvester, and feller buncher. Amongst these, feller buncher is being widely used due to higher production offered along with enhanced safety in comparison with chainsaw. The extracting equipment also play their part well. Forwarders and skidders do suffice the automated technologies as well.

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What’s with Europe, North America, and the Asia-Pacific?

“Europe to continue to lead all the way through”

Europe holds 32.3% of the market share due to the countries like France, the UK, and Germany resorting to mechanized practices and adopting precision forestry. North America holds 18.8% of the market share. This could be reasoned with growing aftermarket sales along with altering cut-to-length logging methods herein. Besides, the latest trend is that of GPS control system being integrated with forestry equipment, so that real-time tracking could be incorporated with propagation of sustainable operations. Also, the fact that wood pellets are being increasingly being asked for to serve as feedstock for the power plants in developed economies can’t be ignored. With preservation of forests being looked upon as a matter of serious concern, the countries in the Asia-Pacific like India and China are seen making relentless efforts. The governments are also pitching in.

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What are the factors Restraining the Forestry Machinery Market?

“Cost involved in Upgradation of Forestry Machinery to restrain the Market”

Replenishment of old forest machinery involves heavy investment, which would certainly compel the small-scale players to give a second thought regarding it. Also, research herein would be preferred by the developed economies. This difference is bound to be a restraining factor to forest machinery market.

Impact of Covid-19 on Forestry Machinery Market?

“Forestry Machinery Market to ride on Rebound Effect”

The forestry machinery market was adversely affected by Covid-19 with only essential services being operational between March 2020 and June 2021. The market is moving forward now with industries picking up pace. The next decade is bound to see sea changes in forestry machinery market with innovations and upgradations in place.

Competitive Landscape

The key players are into adoption of several strategies like new product launches, upgradation of products, and inorganic modes of expansion like collaborations, mergers, acquisitions, and product diversification for staying out in the market.

  • Rabaud Corp., in March 2021, did launch Forestry Trailer – XYLOTRAIL 15 and Wood Processor – XYLOG 520, along with rotary and pendular post driver TURBOFRAP.
  • Ponsse, in April 2021, did launch modernized Scorpion harvesters meeting every requirement related to forestry.
  • John Deere in August 2020, did launch mulcherhydraulics conversion kit for 843L & 843L-II wheeled feller bunchers.
  • Tata International, in April 2019, inked an agreement with John Deere with the objective of the former being one of the authorized distributor for construction and forestry products of John Deere in Benin, Togo, Nigeria, and Ghana.
  • In February 2019, Komatsu completed acquisition of TimbrePro Inc. (a manufacturer of customized forestry attachments and equipment catering to tracked feller harvester and bunchers, forwarders, felling heads, and wheeled harvesters.

Forestry Machinery Report Scope

Attribute

Details

Forecast Period

2022-2031

Historical Data Available for

2016-2021

Market Analysis

US$ Mn/Bn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • LATAM
  • The Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Benelux
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Singapore
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Turkey
  • Egypt
  • North Africa
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • Working Type
  • Frequency Band
  • Application
  • Region

Key Companies Profiled

  • Caterpillar
  • John Deere
  • Tigercat International Inc.
  • Volvo AB
  • Komatsu
  • Kubota Corporation
  • Hitachi Construction Machinery Co., Ltd.
  • Liugong Machinery Co., Ltd.
  • Ponsse Oyj
  • Barko Hydraulics L.L.C
  • Kawasaki Heavy Industries, Ltd
  • Dafo
  • Rabaud
  • Eco Log
  • Rottne Industri AB
  • Bell Equipment

Pricing

Available upon Request

Key Segments Covered in Forestry Machinery Market

Forestry Machinery Market by Type

  • Feller Bunchers
    • Drive to Tree
    • Tracked
  • Harvester
    • Wheeled
    • Tracked
  • Skidders
  • Loaders
  • Forwarders
  • Grapples
  • Felling Heads
  • Harvesting Heads
  • Yarders
  • Splitters
  • Stump Grinders

Forestry Machines Market by Sales

  • Used Units
  • New Units

Forestry Machinery Market by Operation

  • Diesel
  • Electrical Hybrid

Forestry Machinery Market by Region

  • North America Forestry Machinery Market
  • Latin America Forestry Machinery Market
  • Europe Forestry Machinery Market
  • Asia-Pacific Forestry Machinery Market
  • Middle East & Africa (MEA) Forestry Machinery Market

Media Release

- FAQs -

The forestry machinery Market is expected to be worth US$ 8.96 Bn in the year 2022 and grow 1.5 times by the year 2031.

The market for forestry machinery is expected to reach US$ 13.62 Bn by 2031, expanding at a CAGR of 4.8%.

North America holds 18.8% of the market share.

Caterpillar, John Deere, Tigercat International Inc., Volvo AB, Komatsu, Kubota Corporation, Hitachi Construction Machinery Co., Ltd., Liugong Machinery Co., Ltd., Ponsse Oyj, Barko Hydraulics L.L.C, Kawasaki Heavy Industries, Ltd, Dafo, Rabaud, Eco Log, Rottne Industri AB, and Bell Equipment.

The Asia-Pacific’s forestry machinery market holds 22.4% of the market share.

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Global Agricultural Equipment Market estimates the present value at a little over US$ 100 Bn, anticipating it to incur a sluggish growth a 3.5% CAGR during 2016-2024.

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