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Opportunities For The Global Forestry Equipment Market To Reach $10.5 Billion By 2024
According to a new market report published by Lucintel, the future of the global forestry equipment market looks promising with opportunities in felling, extracting, and on-site equipment. The global forestry equipment market is expected to reach an estimated $10.5 billion by 2024 with a CAGR of 4.9% from 2019 to 2024. The major drivers for this market are economic growth and increasing demand for round wood in both construction and infrastructure activities.
In this market, felling, extracting, and on-site processing equipment are used in a variety of forestry activities. On the basis of its comprehensive research, Lucintel forecasts that felling equipment will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to increase use of cut-to-length harvesting methods relative to tree-length and whole-tree systems.
Oil power, gas power, and electric power forestry equipment are used in this market. Electric power equipment will remain the largest segment and it is expected to witness the highest growth over the forecast period as it provides significant ...
... power for maximum output without increasing emissions.
APAC will remain the largest region and it is expected to witness highest growth over the forecast period due to growth in building and construction activities and increasing demand for woods in home furnishing application.
Emerging trends, which have a direct impact on the dynamics of the market, include introduction of TimberMatic navigation and integration of mobile technology in forestry equipment. John Deere, Caterpillar, Claas KGaA, Hitachi, Stihl Holding, Ponsse, Husqvarna, Kubota Corporation, CNH Industrial, and Bell Equipment are the major forestry equipment suppliers in the global forestry equipment market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global forestry equipment market by equipment, by power type, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Forestry Equipment Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global forestry equipment market by product type, by power type, and region, as follows:
By Equipment ($ Billion from 2013 to 2024):
• Felling Equipment
o Chainsaws, harvesters, feller bunchers, and others
• Extracting Equipment
o Forwarders, skidders, and other, including cable yarding systems, farm tractors, and shovel loggers
• On-site Processing Equipment
o Chippers and grinders, delimbers, slashers, and other
• Separately Sold Parts and Attachments
o Harvesting and other cutting heads; saw chain, guide bars, blades, and teeth; and other parts and attachments
• Other Forestry Equipment
o Loaders, mulchers, and all other
By Power Type ($ Billion from 2013 to 2024):
• Oil Power
• Gas Power
• Electric Power
By Region ($ Billion from 2013 to 2024):
• North America
• Asia Pacific
o South Korea
• The Rest of the World
This 213-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at firstname.lastname@example.org. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT Analysis.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high growth opportunities for the forestry equipment market by product type (felling equipment, extracting equipment, on-site processing equipment, separately sold parts and attachments, and others forestry equipment), by power type (oil power, gas power, and electric power), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing services in this market and how big of a threat do they pose for loss of market share by service substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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