The forestry machinery market is anticipated to experience moderate growth during the forecast duration of 2020-2030, at a CAGR of around 5%. The forest products industry is highly integrated with housing, consumer goods, and manufacturing industry.

The global forestry machinery market is expected to be valued at over US$ 4 Bn by the end of 2020, and is anticipated to surpass US$ 6 Bn by the end of the forecast period of 2020-2030.

However, the COVID-19 pandemic has interrupted the growth of the industrial equipment machinery market due to nationwide lockdowns, leading to a steep fall in the sales of forestry machinery, globally.

In addition, high initial investment of forestry machinery adds another layer of complexity, as several users are hesitant to invest in new forestry machinery at this time. This, in turn, is expected to see a decline in the demand for forestry machinery in the near future.

However, ongoing development plans formulated to boost the forestry industry in key countries such as China and Indonesia are expected to drive the demand for relevant solutions, such as forestry machinery and equipment.

Moreover, growing focus of manufacturers on designing machinery for high production applications, demanding operations, and extreme terrain conditions, is expected to augur well for the growth of the forestry machinery market during the forecast period of 2020-2030.

To remain ‘ahead’ of your competitors, request for a sample @https://www.factmr.com/connectus/sample?flag=S&rep_id=3732

Key Takeaways from Global Forestry Machinery Market Study

The global forestry machinery market is projected to create an absolute dollar opportunity of around US$ 2 Bn, and is anticipated to expand at a value CAGR of 5% during the forecast period

By machine, forwarders are set to hold a share-wide market dominance with over 38% of the total market value by the end of the forecast period.

Skidders are projected to progress at a value CAGR of 5%, and be valued 1.5X more than bunchers by the end of 2020.

By region, Europe is expected to emerge as the fastest-growing forestry machinery market, and surpass a market valuation of US$ 2.5 Bn by the end of 2030.

Contact Information

Fact.MR

US Sales Office:

11140 Rockville Pike, Suite 400 Rockville, MD

20852

United States

Phone: +1 (628) 251-1583

View website

Find More:   https://www.prnob.com/release/show/forestry-machinery-market-is/44548