The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing demand for wood and wood products is likely to encourage innovation in the manufacturing of forestry machinery, propelling the market during the forecast period.

The global forestry machinery market is expected to grow from $8.47 billion in 2022 to $9.03 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The global forestry machinery market size is expected to reach $11.23 billion in 2027 at a CAGR of 5.5%.

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Global Forestry Machinery Market Segments Include:

• By Type: Feller Bunchers, Harvester, Skidders, Loaders, Forwarders, Grapples, Felling Heads, Harvesting Heads, Yarders, Other Types
• By Operation: Diesel, Electrical Hybrid
• By Sales: Used Units, New Units
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global forestry machinery market in 2021.

Major Market Players in the forestry machinery market include Deere And Company, Komatsu Ltd., Barko Hydraulics LLC., Tigercat International Inc., Caterpillar Inc., Kubota Corporation, Rottne Industri AB, Kawasaki Heavy Industries Ltd.

Product innovations are a prevalent trend in the forestry machinery sector. To maintain their market position, major forestry machinery companies are introducing novel products. For example, Komatsu Ltd., a Japanese manufacturing business, will unveil the PC230F-11 forestry processor, a new swing machine for timber processing, in September 2022. It is designed for heavy-duty timber delimbing, chopping, and stacking applications. Large trees may be moved more simply with this powerful swing system.  The 197-horsepower Komatsu Tier 4 Final engine uses less petrol than the previous Tier 4 Interim engines. It also has twice as much gasoline capacity. By moving the fuel tank to the counterbalance, Komatsu increased storage capacity for tools, oil, and chains. The processor also has auto power max, which automatically reacts to rapid changes in load weight by increasing power in 7-second bursts for trimming branches while cutting through trees.

The Forestry Machinery Global Market Report 2023  provides a forestry machinery market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The forestry machinery market forecast analyzes forestry machinery market size, forestry machinery market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Forestry machinery is a broad category of equipment and vehicles used in the forestry sector to perform a variety of duties such as harvesting, processing, and transporting timber for logging or other forestry services. They are utilised in agricultural settings for both logging and field clearance.

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