Global forestry equipment market is anticipated to grow at a CAGR of 4.5% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing popularity of sustainable building materials and increased advanced technologies integrated products by companies for protecting environments to bolster investments in the forestry equipment market. Increased environmental awareness has bolstered efforts to limit air, water, and soil pollution, which in turn pushed companies to invest in eco-friendly products. As construction projects increasingly focus on reducing their carbon footprint, engineered wood products gain prominence. These materials offer lower environmental impact compared to traditional options like concrete and steel. Consequently, there is a growing demand for efficient forestry equipment to harvest and process wood feedstock for these sustainable materials.
Browse the full report description of “Forestry Equipment Market Size, Share & Trends Analysis Report by Equipment (Felling Equipment, Extracting Equipment, On-Site Processing Equipment, and Other Forestry Equipment) and by End-User (Private Organization and Public Organization) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/forestry-equipment-market
The global emphasis on addressing climate change and promoting sustainable practices highlights the importance of energy-efficient machinery in logging and forestry operations. Technologies such as drones for monitoring, GPS tracking systems for accurate harvesting, and data analytics tools for waste reduction contribute to responsible forest management. For instance, in June 2023, Volvo CE announced the launch of a new Compact Business Unit to maximize the opportunities in the growing compact equipment segment. It provides the advantage of the shift to electrification in the compact equipment segment to secure a fully electric lineup of productive and sustainable products across the whole compact range.
In August 2022, Ponsse partnered with Epec to introduce PONSSE EV1, an electric forest machine technology concept that can be used in electric and hybrid-electric commercial vehicles as well as non-road mobile machines. The PONSSE EV1 concept has been developed for forwarders with a 15-tonne load-carrying capacity featuring a fully electric powertrain, as well as Epec's power distribution unit and hybrid control unit. The machine's powertrain operates fully with battery energy. These advancements create additional demand for specialized forestry equipment.
Market Coverage
• The market number available for – 2023-203
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Equipment
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Komatsu Ltd., Caterpillar, John Deere, Epiroc AB, Volvo Group, Hitachi Construction Machinery Co., Ltd., Husqvarna AB, and Liebherr-International Deutschland GmbH, among others.
Key questions addressed by the report.
Global Forestry Equipment Market Report Segment
By Equipment
By End-User
Global Forestry Equipment Market Report Segment By Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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