Global Forestry Equipment Market to be Driven by Rising Construction Sector in the Forecast Period of 2021-2026

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The new report by Expert Market Research titled, ‘Global Forestry Equipment Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global forestry equipment market, assessing the market based on its segments like product, power, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

 

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

 

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/forestry-equipment-market/requestsample

 

The key highlights of the report include:

 

Market Overview (2016-2026)

  •  Historical Market Size (2020): USD 10.3 Billion
  • Forecast CAGR (2021-2026): 4%
  • Forecast Market Size (2026): USD 13 Billion

 

The demand for forest products such as woods, herbs, and other minerals has specifically grown in recent years due to growing awareness and health concerns, which are expected to strengthen the market growth in the coming years as well. Due to this increasing demand, businesses are calling new and heavy-duty forestry equipment. These machines can be used for chopping, segregation, collection, for storing logs and other products smoothly. The need for precision and fuel-efficiency and significant technological advancements by the major players of this industry is driving the market at a steady rate.

 

Industry Definition and Major Segments

Forestry refers to the science or art of planting, managing, and caring for forests. The equipment that facilitates this practice is called forestry equipment. Agriculture and forestry are among the oldest industries practiced by mankind. Over the past years, we have grown more dependent on agricultural products and forestry.

 

Explore full report with table of contents: https://www.expertmarketresearch.com/reports/forestry-equipment-market

On the basis of product, the forestry equipment market is segmented into:
·         Harvester
·         Feller Bunche
·         Forwarder
·         Skidders
·         Bunchers
·         Loaders
·         Mulcher
·         Others

 Based on power, the market is bifurcated into:

·         Electric

·         Gas

·         Oil

 The regional markets for forestry equipment include:

  •  North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Market Trends

The forestry equipment industry is expected to observe decent growth due to the increasing awareness about forest preservation and related practices in both developed and developing countries. The transition of forestry operations from manual work to the automated mode of functioning in forests is likely to drive the demand for forestry equipment during the forecast period. Increasing technological advances such as introduction of GPS tracking and monitoring machines is helping the market advance. Furthermore, an expanding construction sector is expected to boost the demand for forestry products, in turn, pushing the demand for forestry equipment further in the forecast period.

 

Key Market Players

The major players in the market are Deere & Company, Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Barko Hydraulics, LLC, Caterpillar Inc., and Rottne Industry AB, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Also visit: Procurement Intelligence

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