How Forestry Equipment is Making Forestry More Efficient and Safe?

In 2019, falling equipment led the market, accounting for more than 36% of global revenue. The portion includes tools such as a chainsaw, feller buncher, and harvester. Feller bunchers are expected to be the fastest-growing sub-segment due to increased safety and higher output compared to chainsaws. The market is divided into four categories according on product type: felling, extraction, on-site, and other equipment. The growing number of contracts between product makers and end-users is expected to create chances for industry participants, boosting the global market.

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Data Bridge Market Research analyses that the Forestry Equipment Market, valued at USD 9,819.75 million in 2022, will reach USD 14,190.76 million by 2030, growing at a CAGR of 4.71% during the forecast period of 2023 to 2030. The expanding emphasis on forest management activities, together with increased investment in the forestry sector, is expected to boost product demand over the projection period. Various government afforestation strategies are resulting in product uptake for the thinning process, which promotes forest health while promoting environmental sustainability. As people become more conscious of the need of forest preservation and management, demand for forestry equipment such as forwarders, harvesters, and loaders is expected to rise.

Growing demand for timber is expected to drive the market's growth rate

The global demand for timber is growing, due to the increasing demand for wood products in construction, furniture, and other industries. This is driving the demand for forestry equipment, as it is used to harvest timber from forests. There is a growing focus on sustainability in the forestry industry, as businesses and governments are looking for ways to reduce the environmental impact of forestry operations. This is driving the demand for forestry equipment that is more efficient and environmentally friendly. Technological advancements, such as the use of GPS and remote sensing, are making forestry equipment more efficient and accurate. This is driving the demand for forestry equipment, as businesses look for ways to improve their productivity.

Report Scope and Market Segmentation

Segment Analysis:

Global forestry equipment market is segmented into eight notable segments which are based on type, product, power source, material, forest type, system type, technique and distribution channel.

• On the basis of type, global forestry equipment market has been segmented into felling equipment, extracting equipment, on-site processing equipment, cutting and loading equipment and other equipment. Felling equipment segment is expected to dominate the global forestry equipment market with 36.77% market share as this is utilized for tree cutting such as timber, pine trees, and is even stated to be the first process of cutting the trees.
• On the basis of product, global forestry equipment market has been segmented into delimbers, feller bunchers, stump grinders, mulchers, yarders, forwarders, log loaders, harvesters, skidders, timber transport trucks, chippers for energy-wood and others. Harvesters segment is expected to dominate the global forestry equipment market with 28.17% market share owing to the increase in the demand the product due to its self-propelling capability of felling and processing trees, which makes easier for the workers to cut trees.
• On the basis of power source, global forestry equipment market has been segmented into petrol, electric corded, battery, cordless and others. Petrol is expected to dominate the global forestry equipment market with 50.70% market share as majority of the equipment are equipped with petrol engine for providing more power for using in forest to complete the task of cutting.
• On the basis of material, global forestry equipment market has been segmented into wood, metal, plastic, recycled plastics, synthetic resin and others. Metal segment is expected to dominate the global forestry equipment market with 68.30% market share as metal gives more strength, stability and reliability to the equipment while operating in the forest and thus, product like heads, cutters, cranes buckets are being manufactured by using metal.
• On the basis of forest type, global forestry equipment market has been segmented into natural, man-made and tree plantations. Man-made segment is expected to dominate the global forestry equipment market with 45.82% market share as forestry equipment is majorly used in timber and pine cutting for export purpose. Adding to this, lands are also converted to man-made forest for enhancing the timber business.
• On the basis of system type, global forestry equipment market has been segmented into full-tree systems, short wood systems and tree-length systems. Full-tree systems segment is expected to dominate the global forestry equipment market with 45.96% market share as it involves felling and transportation of tree directly to the sawmill for further processing which consume less time and energy and is majorly adopted by companies.
• On the basis of technique, global forestry equipment market has been segmented into tree felling, topping and debranching, debarking, extraction, log making/cross-cutting, scaling, sorting and piling, loading and others. Debarking segment is expected to dominate the global forestry equipment market with 33.60% market share as this technique cuts the bark of trees and makes further process easier for the cutter such as topping and debranching.

The debarking segment will dominate the technique segment of the forestry equipment market

The debarking segment will emerge as the dominating segment technique segment. This is because of the growing availability of debarking equipment in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

• On the basis of distribution channel, global forestry equipment market has been segmented into B2B/direct sales, third party distributors, e-commerce, specialty stores, brand websites and others. B2B/direct sales segment is expected to dominate the global forestry equipment market with 50.63% market share as this distribution channel is widely used by the companies to sell their product easily to its customers with maximum reach and even helps in maximizing the customer base.

The B2B/direct sales segment will dominate the distribution channel segment of the forestry equipment market

The B2B/direct sales segment will emerge as the dominating segment under distribution channel. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the chemicals and materials industry all around the globe will further bolster the growth of this segment.

Major Players

Data Bridge Market Research recognizes the following companies as the major market players: Konrad Forsttechnik GmbH (Germany), Komatsu Forest (Sweden), HSM Hohenloher Spezial-Maschinenbau GmbH & Co. KG (Germany), SP Maskiner (Sweden), Log Max AB (Sweden), FTG Cranes AB (Sweden), CRANAB AB (Sweden), Penz crane GmbH (Germany), Quadco Inc. (Canada), Southstar Equipment (Canada), Rotobec (Canada).

Market Development

• In 2022, Komatsu launched a new forestry processor, the PC230F-11. The machine is designed for heavy-duty timber de-limbing, cutting, and stacking operations. It features a powerful swing system and a giant circle that can move large trees more easily. The PC230F-11 is powered by a 197-horsepower Komatsu Tier 4 Final engine that is more fuel efficient than previous models. It also has double the fuel capacity, thanks to a fuel tank that has been moved to the counterweight. This freed up more storage space for tools, oil, and chains.
• In 2022, John Deere launched the latest operator assistance control feature, Intelligent Boom Control (IBC), for the 900 MH-Series Tracked Harvester. IBC provides intuitive operator assistance by providing consistent and smooth operation on the job. It is the result of global collaboration between the John Deere Wheeled Cut-to-Length and Full-Tree Forestry teams, who aimed to implement IBC's field-proven technology into the MH-Series of tracked harvesters.

Regional Analysis

Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in the forestry equipment market during the forecast period 2023-2030

North America is the dominating region in the global forestry equipment market. The growth of the forestry equipment market in North America is driven large and growing demand for timber in the United States and Canada and technological advancements in forestry equipment in North America.

Asia-Pacific is estimated to be the fastest growing region in the forestry equipment market in the forecast period 2023-2030

Asia-Pacific is estimated to be the fastest-growing region in the global forestry equipment market. The growth of the forestry equipment market in Asia-Pacific is driven by the increasing demand for timber in China and India and the growing focus on sustainability in the forestry industry in Asia-Pacific.

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