With rising demand for wood-based products has resulted in a requirement for mechanized tree felling, thereby creating immense opportunities for forestry machinery. Persistence Market Research has walked through these facts with probable calls to action in its latest market study entitled “Forestry Machinery Market”.
How is the Forestry Machinery Market segregated?
The global forestry machinery market, by type, spans feller bunchers (drive to the tree and tracked), harvesters (tracked and wheeled), skidders, loaders, forwarders, grapples, felling heads, harvesting heads, yarders, splitters, and stump grinders. By sales, it’s new units and used units. By operation, it’s electrical hybrid and diesel. Persistence Market Research has highlighted these findings with prospects in its latest market study entitled “Forestry Machinery Market”.
Europe holds more than 30% of the market share with regions like Germany, the UK, and France going for mechanized practices and opting for precision forestry. North America stands second with over 18% of the overall market. This could be credited to increasing aftermarket sales coupled with cut-to-length logging methods. Plus, a GPS control system is being integrated with forestry machinery.
This, in turn, helps in real-time tracking that could help in propagating sustainable operations. The Asia-Pacific is expected to grow at the fastest pace in the forestry machinery market shortly. Persistence Market Research has, through its expertise in the form of analysts and consultants, given a detailed analysis of these findings with insights in its latest market study entitled “Forestry Machinery Market”.
Persistence Market Research has etched the key players in the forestry machinery market as Caterpillar, John Deere, Tigercat International Inc., Volvo AB, Komatsu, Kubota Corporation, Hitachi Construction Machinery Co., Ltd., Liugong Machinery Co., Ltd., Ponsse Oyj, Barko Hydraulics LLC, Kawasaki Heavy Industries, Ltd., Dafo, Rabaud, Eco Log, Rottne Industri AB, and Bell Equipment.
Persistence Market Research has also mentioned the latest developments on this count. For instance – March 2021 saw Rabaud Corp. launching Wood Processor – XYLOG 520 and Forestry Trailer – XYLOTRAIL 15 with pendular and rotary post driver TURBOFRAP. Ponsse launched modernized Scorpion harvesters in April 2021.
John Deere launched a mulcherhydraulics conversion kit in August 2020 for 843L & 843L – II wheeled feller bunchers. Tata International signed an agreement with John Deere in April 2019, to render the former an authorized distributor for forestry and construction products of the latter in Benin, Togo, Nigeria, and Ghana. Komatsu, in February 2019, acquired TimbrePro Inc.