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. #ForestryEquipmentMarket, #ForestryEquipment

1. Forestry Equipment Market Report 2019-2024:
Trends, Forecast and Competitive Analysis
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2. Industry Profiles Snapshot
Major Parameter Description
Market Segments by Product
Type
Felling equipment, extracting equipment, on-site processing equipment,
separately sold parts and attachments, and others forestry equipment
Market Segments by Power
Type
Oil power, gas power, and electric power
Market Segments by Region North America, Europe, Asia Pacific and Rest of the World.
Top Companies Name
John Deere, Caterpillar, Claas KGaA, Hitachi, Stihl Holding, Ponsse,
Husqvarna, Kubota Corporation, CNH Industrial, and Bell Equipment and
others.
Trend Growth Rate and CAGR 4.9%
Key Industry Forecast
The forestry equipment market is expected to reach an estimated $10.5 billion
by 2024 with a CAGR of 4.9% from 2019 to 2024.
Key Industry Driver
Driver: Increasing demand for round wood in both construction and
infrastructure activities.
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3. Industry Overview
Market Size
• The forestry equipment market is expected
to reach an estimated $10.5 billion by 2024
with a CAGR of 4.9% from 2019 to 2024.
• Emerging trends, which have a direct impact
on the dynamics of the forestry equipment
market, include introduction of TimberMatic
navigation and integration of mobile
technology in forestry equipment.
Market Size (2024) $10.5 billion
CAGR (2019-24) 4.9%
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Industry Performance : Forecast