The Market Insights Reports has added a new statistical data to its repository titled as, Global Forestry Equipment Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.
The forestry equipment market is expected to register a CAGR of 4.75% over the forecast period of 2021 – 2026.
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Top Key Players in the Global Forestry Equipment Market are Deere & Company, Komatsu Ltd., Barko Hydraulics LLC., Caterpillar Inc., Doosa Infracore North America LLC., Kesla Oyj, Ponsse Oyj, Mahindra Group, AGCO Corporation, Concern Tractor Plants, Volvo CE, Bell Equipment Limited, Hitachi Construction Machinery Co. Ltd., Volvo CE, and others.
Industry News and Update:
– August 2020 – John Deere launches the mulcher hydraulics conversion kit for the 843l and 843l-ii wheeled feller bunchers. The kit allows customers to equip their machines for mulching applications, expanding the capabilities of the 843 models. The field kit can be used with compatible mulching heads, such as the new FeconRK8620 Mulching Head, which was built specifically for use on the John Deere 843L and 843L-II machines.
– April 2019 – Caterpillar Inc. announced it has entered into a definitive agreement with Weiler Forestry, Inc. to sell Caterpillar’s purpose-built forestry business. The closing is expected to occur in the third quarter of 2019. This agreement follows the preliminary agreement between the two companies.
Key Market Trends:
Increasing Automation Will Boost Demand for Forestry Equipment
– To improve productivity, dependance on mechanized methods for forest harvesting has increased steadily over the years. High-performance equipment such as harvesters can cut a tree from the base, debark it and cut into required lengths within a minute span.
– Increasing demand for wood and wood products, abreast of the paradigm shift to mechanized processes for felling forest trees, have significantly upheld the demand for forestry machinery. This, in return, pushes for more automation.
– Moreover, Labor remains the largest overhead in the forest industry at least one-third or more of the total cost in logging operations and a reduced interest in the forest field, the move towards automation is more than fruitful.
– Automation has eased the need for harder-to-fill jobs while simultaneously lowering the costs of operation by reducing labor overhead.
– Furthermore, automation will aid new dimensions in the coming years in forest industry by making the task easy, productive, efficient and achieving the desired result in a short span of time.
Full Browse the report description and TOC:
Highlights of TOC:
Market Overview: It starts with product overview and scope of the Global Forestry Equipment market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and Forestry Equipment market size analysis for the review period 2015-2026.
Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price, Forestry Equipment market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.
Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.
Market Dynamics: Readers are provided with a comprehensive analysis of Forestry Equipment market challenges, influence factors, drivers, opportunities, and trends.
Market Forecast: Here, the Forestry Equipment report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.
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