Forestry equipment market is anticipated to grow at a CAGR of 4.5% during the forecast period (2024-2031). The forestry equipment market is primarily driven by the increasing demand for timber and wood-based products across various industries such as construction, paper, and furniture. This growing demand is fueling investments in forest management and logging activities, leading to the adoption of advanced forestry equipment for efficient operations. Additionally, technological advancements in machinery, such as the introduction of automated and remote-controlled equipment, are improving productivity and safety in logging processes. Environmental concerns and the need for sustainable forest management practices are also encouraging the adoption of modern forestry equipment that reduces waste and minimizes ecological impact. Furthermore, government incentives and policies promoting sustainable forestry are expected to drive market growth in the coming years.
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The growing demand for renewable energy has led to an upsurge in wood pellet consumption. These pellets serve as a clean and sustainable biomass fuel, making them an attractive choice for power generation and heating. As a result, forestry equipment manufacturers experience heightened demand for machinery used in wood pellet production, such as pellet mills, chippers, and drying systems. Industries and households are increasingly transitioning to wood pellets as an eco-friendly alternative to coal, oil, and other non-renewable energy sources. This shift necessitates specialized forestry equipment to harvest, process, and transport wood feedstock for pellet production. The global adoption of wood pellets as a sustainable energy source has spurred investment in forestry equipment, supporting efficient wood pellet production and contributing to the overall growth of the forestry equipment market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Forestry Equipment Market Report Segment
By Equipment
- Felling Equipment
- Extracting Equipment
- On-Site Processing Equipment
- Other Forestry Equipment
By End-User
- Private Organization
- Public Organization
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
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global forestry equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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