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What Is the Forecast for the Forestry Machinery Market from 2024 to 2025?

The size of the forestry machinery market has experienced robust growth in the past few years. The market value, which stood at $9.54 billion in 2024, is projected to reach $10.11 billion in 2025, marking a compound annual growth rate (CAGR) of 5.9%. Factors attributing to this growth during the historic period include expansion of the timber industry, policies and regulations promoting environmental awareness, increased global demand for wood products, and responses to natural disasters.

What Is the Projected Market Size of the Forestry Machinery Market?

Predictions for the future trajectory of the forestry machinery market indicate robust expansion in the upcoming years. The market value is projected to rise to “$12.71 billion by 2029, with a compound annual growth rate (CAGR) of 5.9%. The growth within the forecast period can be linked to factors such as the use of renewable energy and biomass, progressive logging strategies, adaptations to climate change, urbanization increase, and government encouragement for eco-friendly practices. The period is forecasted to see significant trends like the incorporation of automation and technology, improved fuel efficiency and alternative energy sources, utilization of data analytics and remote monitoring, safety enhancements and ergonomic design, commitment to a circular economy, and proactive recycling efforts.

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Who are the Major Competitors in the Forestry Machinery Market Outlook?

Major companies operating in the forestry machinery market include John Deere, Komatsu Ltd., Barko Hydraulics LLC., Tigercat International Inc., Caterpillar Inc., Rottne Industri AB, The Volvo Group, Hitachi Construction Machinery Co. Ltd., Doosan Infracore Co. Ltd, Liugong Machinery Co. Ltd., Ponsse Plc, The Husqvarna Group, Morbark LLC, Eco Log Sweden AB, Sany Heavy Industry Co. Ltd., Kesla Oyj, Link-Belt Excavators, Tanguay Machinery, Ecoforst GmbH, Palfinger Epsilon, Logset Oy, Terex Deutschland GmbH, Bell Equipment Company SA (Pty) Ltd., Sennebogen LLC, Vimek AB, Log Max AB, Waratah Corporation, STIHL Holding AG & Co. KG

What Is Fueling Growth in the Forestry Machinery Market?

The surge in demand for wood and wood-based products is propelling the forestry machinery market. Items or materials derived from wood represent wood products. Forestry machinery’s primary role is the bulk production of wood. The wood, which is used for crafting wood products, is obtained from forests with the help of forestry machinery like loggers and harvesters, easing larger forestry activities. For instance, reports from Eurostat, a government agency based in Luxembourg, revealed in October 2023 that the EU was a significant exporter of roundwood, its exports exceeding imports by 12.5 million m³ in 2022. Additionally, 25% of its production was employed as fuelwood. Therefore, the escalating demand for wood and its products is fueling the growth of the forestry machinery market.

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Which Forestry Machinery Market Segments Are Growing the Fastest?

The forestry machinery market covered in this report is segmented –

1) By Type: Feller Bunchers, Harvester, Skidders, Loaders, Forwarders, Grapples, Felling Heads, Harvesting Heads, Yarders, Other Types

2) By Operation: Diesel, Electrical Hybrid

3) By Sales: Used Units, New Units

Subsegments:

1) By Feller Bunchers: Tracked Feller Bunchers, Wheeled Feller Bunchers

2) By Harvester: Wheel Harvesters, Tracked Harvesters

3) By Skidders: Cable Skidders, Grapple Skidders

4) By Loaders: Tracked Loaders, Wheeled Loaders

5) By Forwarders: Tracked Forwarders, Wheeled Forwarders

6) By Grapples: Hydraulic Grapples, Mechanical Grapples

7) By Felling Heads: Fixed Felling Heads, Rotating Felling Heads

Which Industry Trends Are Shaping the Future of the Forestry Machinery Market?

There has been a significant trend of product innovations in the forestry machinery market as major companies are striving to maintain their market standing by introducing novel products. For instance, in September 2022, Komatsu Ltd., a manufacturing company from Japan, launched the PC230F-11 forestry processor, a new swing machine specifically designed for timber processing tasks such as heavy-duty timber delimbing, chopping, and stacking. The robust swing system allows for the easier handling of large trees. The machine runs on a 197-horsepower Komatsu Tier 4 Final engine which consumes less fuel compared to the earlier Tier 4 Interim engines and also has twice the fuel capacity. Komatsu managed to create added storage space for tools, oil, and chains by moving the fuel tank to the counterweight. The processor also comes with a feature called auto power max that adapts automatically to sudden load weight fluctuations by boosting power in 7-second intervals during the trimming of branches while cutting trees.

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Which Countries Are Leading the Forestry Machinery Market?

Europe was the largest region in the forestry machinery market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global forestry machinery market report during the forecast period. The regions covered in the forestry machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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This Report Delivers Insight On:

1. How big is the forestry machinery market, and how is it changing globally?

2. Who are the major companies in the forestry machinery market, and how are they performing?

3. What are the key opportunities and risks in the forestry machinery market right now?

4. Which products or customer segments are growing the most in the forestry machinery market?

5. What factors are helping or slowing down the growth of the forestry machinery market?

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