Global Forestry Equipment Market Size study & Forecast, by Product (Felling Equipment, Extracting Equipment, On-Site Processing Equipment, Other Forestry Equipment) and Regional Analysis, 2023-2030

Global Forestry Equipment Market Size study & Forecast, by Product (Felling Equipment, Extracting Equipment, On-Site Processing Equipment, Other Forestry Equipment) and Regional Analysis, 2023-2030

Global Forestry Equipment Market is valued at approximately USD 10.35 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.0% over the forecast period 2023-2030. Forestry equipment includes a wide range of specialized machines and tools used in the management and harvesting of forests and woodlands. This equipment is designed to assist in various aspects of forestry operations, including tree harvesting, timber processing, reforestation, and forest management. The Forestry Equipment market is expanding because of factors such as rising demand for wood products such as lumber, plywood, paper, and furniture, growing emphasis on sustainable forestry practices and the growing biomass and bioenergy industry.

The forestry industry provides raw materials for various wood products, such as lumber, plywood, paper, and furniture. As the global population continues to grow, the demand for these wood products has been steadily increasing, driving the need for efficient forestry equipment to meet this demand. According to Statista, in the year 2022, the sales of furniture stood at USD 694.32 billion which is projected to reach USD 932.22 billion sales by year 2028. These rising sales indicated the rising demand for furniture, which is derived from wood, resulting in market growth. In addition, Surging Roundwood production and the rising development of advanced equipment are creating new opportunities for market growth. However, the high cost of Forestry Equipment stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Forestry Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing availability of forestry equipment rentals, government investments in infrastructure development, and reduced capital expenditures are all contributing to significant shifts in the Forestry Equipment Market. Additionally, as a primary hub for manufacturing forestry equipment tires, this region is poised to become a prominent global consumer of Original Equipment Manufacturer (OEM) forestry equipment tires. This growth is driven by expanding construction, manufacturing, and energy sectors. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as a rise in government spending aimed at enhancing and rejuvenating both their forested areas and the associated forestry equipment.

Major market player included in this report are:
Deere & Company
Komatsu Ltd.
Volvo Construction Equipment
Hitachi Construction Machinery Co. Ltd.
Barko Hydraulics LLC.
Doosan Corporation.
Kesla Oyj
Ponsse Oyj
Rottne Industri AB.
Eco Log Sweden AB

Recent Developments in the Market:
 In June 2023, Volvo CE has established a fresh Compact Business Unit with the objective of seizing opportunities in the growing compact equipment market. In its initial phase, this unit will manage activities pertaining to compact wheel loaders, specifically up to the L50 model, as well as compact excavators weighing up to 9 tons.
 In June 2022, Komatsu Ltd. has entered into a purchase agreement to acquire Bracke Forest AB, headquartered in Bräcke, Sweden. The acquisition would be executed by a wholly-owned subsidiary, Komatsu Forest AB. Bracke Forest AB is known for its expertise in creating, producing, and marketing specialized attachments tailored for silviculture.

Global Forestry Equipment Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Product, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Felling Equipment
Extracting Equipment
On-Site Processing Equipment
Other Forestry Equipment

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Deere & Company
Komatsu Ltd.
Volvo Construction Equipment
Hitachi Construction Machinery Co. Ltd.
Barko Hydraulics LLC.
Doosan Corporation.
Kesla Oyj
Ponsse Oyj
Rottne Industri AB.
Eco Log Sweden AB

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