Forestry equipment market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.9% in the forecast period of 2021 to 2028 and is expected to reach USD 4,766.04 million by 2028. Technological development in European region is acting as major factor for the growth of the market.
Europe is being highly penetrated by the adoption of automation in various industries. Several rules and regulations have been initiated by the government in order to create a safe working environment. Forestry equipment provides high safety and makes the process more efficient leading to increase in growth of the market.
Forestry equipment are used for logging, these equipment aid in cutting, processing, loading and transportation of logs to desired location such as mil for further processing. As the woods are extremely tall and heavy and require heavy machinery to cut and lift them. Traditionally the work was done manually but involved several injuries at the site and the project used to take much longer. Logging is the beginning process for providing wood as a raw material to be used in many applications such as housing, energy, construction, and consumer paper products. Logging systems are also used for managing forests, reducing the risk of wildfires, and restoring ecosystem functions.
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Scope of the Europe Forestry Equipment Market Report:
The 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. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the forestry equipment market has been segmented into felling equipment, extracting equipment, on-site processing equipment, cutting and loading equipment and other equipment. In 2021, felling equipment holds the maximum market share as this is basically utilized for tree cutting such as timber, pine trees and is even stated to be the first process of cutting the trees. Moreover, increase in demand of hand tools and automatic equipment for felling tree by its customers is also one of the factors helps in enhancing the share.
- On the basis of product, the 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. In 2021, harvesters segment augments the overall market with maximum 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, the forestry equipment market has been segmented into petrol, electric corded, battery, cordless and others. In 2021, petrol segment dominates the global forestry equipment market as majority of the equipment are equipped with petrol engine for providing more power for using in forest to complete the task of cutting.
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The major players covered in the forestry equipment market report are Konrad Forsttechnik GmbH, Penz crane GmbH, INDUSTRIAS GUERRA, SA, PIŠEK - Vitli KRPAN d. o. o., Palmse Mehaanikakoda, BMF, CRANAB AB, FTG Cranes AB, Komatsu Forest (a subsidiary of Komatsu Ltd.), HSM Hohenloher Spezial-Maschinenbau GmbH Co. KG, Quadco Inc., Southstar Equipment, Rotobec, JSC AMKODOR, holding managing company, Waratah (a subsidiary of Deere Company), SP Maskiner, and Log Max AB, among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Europe Forestry Equipment Market Regional Analysis/Insights
The Europe Forestry Equipment market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Europe Forestry Equipment 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, Israel, Egypt, South Africa, 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.
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