Forestry Machinery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Forestry Machinery Market is segmented by Machinery into Skidders, Forwarders, Swing Machines, Bunchers, Harvesters, Loaders, and other forestry machinery. A geographical market analysis covering the top 15 countries across the world has also been included.

Market Snapshot

Forestry Machinery Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Europe
Largest Market: Europe
CAGR: 4.2 %
Forestry Machinery Market Key Players

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Market Overview

The global forestry machinery market is projected to grow at a CAGR of 4.2% during the forecast period (2020 - 2025). With the growing awareness of forest preservation and management. coupled with the increasing usage of machinery has led to the increasing demand for forestry equipment. Rapid growth in demand for wood and wood-based products has led to the need for mechanized tree felling, creating opportunities for forestry equipment. The Increased collaboration of the government with the private sector, skill development, training and creating awareness through the transfer of knowledge, would result in increased adoption of mechanization in the agriculture sector.

Scope of the Report

The study provides an in-depth analysis of the market share, size, and trends of the forest machinery market. The market operates at a B2C level, and market sizing has been done at the consumer level. The integration of GPS machine control systems as an extra feature to forestry machinery is one of the reasons behind the fast-growing trends, which has led to sustainable operations, real-time tracking and monitoring of the machinery, which in turn boosts the productivity. 

Machine Type
Skidders
Forwarders
Bunchers
Swing Machines
Harvesters
Loaders
Other Forestry Machinery
Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Rest of Middle East and Africa

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Key Market Trends

Growing Number of Hire Services for Commercially Sustainable Agricultural Machinery

Over the years, agricultural mechanization has become an integral component of agricultural development globally, resulting in the evolution of agricultural machinery hire services. Studies undertaken by the International Food Policy Research Institute, in 2015, show that the existing private sector tractor-hiring services are less constrained and well established, in most of the developing countries when compared to the underdeveloped countries. Moreover, the development of hiring models, such as individual ownership, group ownership, and state-run model, is strengthening the evolution of hiring services. For instance, around 50 tractor hiring services had evolved in the nation, over a period of 2015-2016. Thus, the pursuit of proper utilization of agricultural machinery for better profitability, coupled with the growing number of machinery hire services, is likely to prospect the sales of agricultural machinery at the farmer entrepreneur level.
Forestry Machinery Market Key Trends

Increasing Usage of Forest Machinery in Europe

Europe is the largest market and is expected to remain the leading as well as the fastest growing market for forestry machinery. Financial support by the common agricultural policy (CAP) to rural areas, and the measures taken by the EU countries in order to encourage  the forestry activities  with the help of  national development programs, continue to maintain the sales of forestry machinery in the region. Growing food demand globally has resulted in aggressive cultivation activities, which in turn has led to the conversion of forest lands into arable lands. This has further resulted in  adoption of mechanized practices,which has created a significant demand for forestry machinery globally.

Forestry Machinery Market Growth by Region

Competitive Landscape

The results of market share analysis indicate a fragmented market, with major companies accounting for only 40% of the market share, in spite of having  diverse and increasing product portfolios. In the fast-growing forestry machinery market, companies are not only competing on the basis of product quality or product promotion but are also focused on other strategic moves, in order to acquire larger share and expand their acquired market size.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Threat of Substitute Products

      4. 4.5.4 Threat of New Entrants

      5. 4.5.5 Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Machine Type

      1. 5.1.1 Skidders

      2. 5.1.2 Forwarders

      3. 5.1.3 Bunchers

      4. 5.1.4 Swing Machines

      5. 5.1.5 Harvesters

      6. 5.1.6 Loaders

      7. 5.1.7 Other Forestry Machinery

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 US

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 UK

        3. 5.2.2.3 France

        4. 5.2.2.4 Russia

        5. 5.2.2.5 Spain

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 South Korea

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle East and Africa

        1. 5.2.5.1 South Africa

        2. 5.2.5.2 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Mergers & Acquisitions

    3. 6.3 Company Profiles

      1. 6.3.1 Deere and Company

      2. 6.3.2 Komatsu

      3. 6.3.3 Barko Hydraulics L.L.C.

      4. 6.3.4 Tigercat International Inc

      5. 6.3.5 Caterpillar, Inc.

      6. 6.3.6 Doosan Infracore North America Llc

      7. 6.3.7 Rottne Industri AB

      8. 6.3.8 Kesla Oyj

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Forestry Machinery Market market is studied from 2016 - 2026.

The Forestry Machinery Market is growing at a CAGR of 4.2% over the next 5 years.

Europe is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Deere & Company, Komatsu Forest, Barko Hydraulics L.L.C., Caterpillar, Inc., Tigercat International Inc are the major companies operating in Forestry Machinery Market.

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