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.
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- Skidders
- Forwarders
- Swing Machines
- Bunchers
- Harvesters
- Loaders
- Other Forestry Machinery
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
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Fact.MR, in its new report, offers an unbiased Market Analysis of Swing Machines, Sales and Demand of Swing Machines, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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