What is the Historical Analysis of the Forestry Machinery Market Size?
The forestry machinery market has seen considerable growth due to a variety of factors.
•In the past few years, the market size for forestry machinery has significantly expanded. Projected to increase from $9.54 billion in 2024 to $10.11 billion in 2025, it is expected to spot a compound annual growth rate (CAGR) of 5.9%.
This considerable growth witnessed during the historic period is primarily due to factors like the boom in the timber industry, advancements in government regulations and policies promoting environmental consciousness, the worldwide demand for wooden materials, and response to natural calamities.
What is the Forecasted Growth of the Forestry Machinery Market Size?
The forestry machinery market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of forestry machinery is predicted to experience robust growth in the forthcoming years, reaching a value of "$12.71 billion by 2029, with a compound annual growth rate (CAGR) of 5.9%.
This expected expansion during the forecast period can be credited to the use of renewable energy and biomass, modern changes in logging activities, adaptations to climate change, increased urbanization, and governmental incentives for eco-friendly practices. Key trends projected for this period are the incorporation of automation and technology, emphasis on fuel efficiency and alternative energy sources, use of data analysis and remote supervision, enhancement of safety and ergonomics, along with focus on a circular economy and recycling programs.
What Are The Key Drivers Fueling Growth In The Forestry Machinery Market?
The surge in requirement for wood and its derivatives is propelling the advancement of the forestry machinery market. Items or materials that stem from wood are termed as wood products. The primary role of forestry machinery involves the straight-cut production of wood. The wood required for the production of wood products is gathered from forests using forestry tools like loggers and harvesters, simplifying large-scale forestry tasks. For instance, as reported by Eurostat, a governmental agency based in Luxembourg, in October 2023, the EU was a net exporter of roundwood, with exports exceeding imports by 12.5 million m³ in 2022 and 25% of its yield being used as fuelwood. Consequently, the increasing requirement for wood and wood derivatives is fuelling the development of the forestry machinery market.
What Are The Principal Market Segments In The Global Forestry Machinery Industry?
The forestry machinery market covered in this report is segmented –
1) By Type: Feller Bunchers, Harvester, Skidders, Loaders, Forwarders, Grapples, Felling Heads, Harvesting Heads, Yarders, Other Types
2) By Operation: Diesel, Electrical Hybrid
3) By Sales: Used Units, New Units
Subsegments:
1) By Feller Bunchers: Tracked Feller Bunchers, Wheeled Feller Bunchers
2) By Harvester: Wheel Harvesters, Tracked Harvesters
3) By Skidders: Cable Skidders, Grapple Skidders
4) By Loaders: Tracked Loaders, Wheeled Loaders
5) By Forwarders: Tracked Forwarders, Wheeled Forwarders
6) By Grapples: Hydraulic Grapples, Mechanical Grapples
7) By Felling Heads: Fixed Felling Heads, Rotating Felling Heads
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Which Emerging Market Trends Are Altering The Forestry Machinery Sector?
One of the dominant trends in the forestry machinery market is the emphasis on product innovation. To maintain their competitive edge, top players in this market are consistently launching groundbreaking products. For example, Komatsu Ltd., a manufacturing company based in Japan, in September 2022, unleashed a new swing machine for timber processing dubbed the PC230F-11 forestry processor. This machinery is designed especially for heavy-duty tasks of timber delimbing, cutting, and stacking. Thanks to this potent swing system, it becomes easier to manipulate large trees. Moreover, the PC230F-11 forestry processor employs a Komatsu Tier 4 Final engine with 197 horsepower, which is more fuel-efficient than its Tier 4 Interim predecessors. Furthermore, it boasts twice the fuel capability. To enhance storage capacity for supplies like tools, oil, and chains, Komatsu ingeniously relocated the fuel tank to the counterweight. The processor also comes equipped with an auto power max feature that spontaneously adapts to sudden shifts in load weight by boosting power in 7-second increments when trimming branches and cutting through trees.
Who Are the Key Players in the Forestry Machinery Market?
Major companies operating in the forestry machinery market include:
• John Deere
• Komatsu Ltd.
• Barko Hydraulics LLC.
• Tigercat International Inc.
• Caterpillar Inc.
• Rottne Industri AB
• The Volvo Group
• Hitachi Construction Machinery Co. Ltd.
• Doosan Infracore Co. Ltd
• Liugong Machinery Co. Ltd.
• Ponsse Plc
• The Husqvarna Group
• Morbark LLC
• Eco Log Sweden AB
• Sany Heavy Industry Co. Ltd.
• Kesla Oyj
• Link-Belt Excavators
• Tanguay Machinery
• Ecoforst GmbH
• Palfinger Epsilon
• Logset Oy
• Terex Deutschland GmbH
• Bell Equipment Company SA (Pty) Ltd.
• Sennebogen LLC
• Vimek AB
• Log Max AB
• Waratah Corporation
• STIHL Holding AG & Co. KG
What are the Regional Insights into the Forestry Machinery Market?
Europe was the largest region in the forestry machinery market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global forestry machinery market report during the forecast period. The regions covered in the forestry machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
