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
o
US
o
Canada
o
Mexico
- Europe
o
Sweden
o
Finland
o
Poland
o
Spain
o
Russia
- Asia Pacific
o
China
o
Japan
o
India
o
Indonesia
o
South Korea
- The Rest of the World
o
Brazil
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 helpdesk@lucintel.com. Lucintel
offerings include Construction
Market Report, Construction
Reports, Market
Research Report, Capital
Investment Feasibility and SWOT Analysis.
About Lucintel
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?
