Report Description Table of Contents The forestry equipment market was worth USD 11.2 billion in 2023 and will be worth USD 17.18 billion by 2030, growing at a CAGR of 5.5% during the forecast period. The market for forestry equipment is projected to increase due to increasing global demand for timber and wood products in construction, paper, and biomass energy. The consumption of timber has increased globally, with the Food and Agriculture Organization (FAO) indicating that the world's wood production in recent years was over 1.9 billion cubic meters, thus enhancing the need for efficient foray machinery. Technology has also boosted efficiency through mechanized logging, especially in North America and Europe, by using equipment such as harvesters, feller bunchers, and skidders, among others, due to the reduced labor cost. Thus, the shift towards sustainable and precision forestry creates the need to utilize modern and efficient equipment. A major opportunity in the forestry equipment market lies in the increasing adoption of automation and electrification to improve efficiency and sustainability. As the world shifts towards decreased carbon emissions, electric and hybrid forestry equipment are on the rise, with potential savings of up to 30%, both in fuel and emissions, over traditional machinery. For instance, in harvester and forwarder technology, Komatsu and John Deere have developed electric and hybrid functioning models that enhance operational productivity while reducing harm to natural resources. Additionally, integrating AI and machine learning into forestry equipment allows for more precise tree felling and forest management, reducing waste and improving sustainability. This growing focus on eco-friendly, technologically advanced equipment presents a significant opportunity for manufacturers to expand their offerings in line with global sustainability trends. Market Segmentation By Equipment Type: Harvesters Feller Bunchers Forwarders Skidders Loaders Mulchers Stump Grinders Chippers Swing Machines Others (e.g., Slashers, Delimbers) By Application: Logging Land Clearing Tree Planting Forest Road Construction Fire Management By End-Use: Commercial Forestry Private Forestry Governmental/State Forestry Operations By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA North America is the leading region of the global forestry equipment market due to a huge forest resource and sophisticated logging operations. Together, the U.S. and Canada produce more than 30% of the world's industrial wood, utilizing high levels of mechanization in the management of forests. For example, the United States forestry sector is important in GDP and produces about 500 million cubic meters of industrial round wood annually. New technologies involve using more sophisticated equipment in managing forests, like electric-powered loggers and cutters, equipment that GPS locates. In Canada, sustainable forestry practices are supported by government policies, further boosting the demand for modern, eco-friendly forestry equipment. This focus on innovation and sustainability in North America's forestry operations ensures the region's continued dominance in the global market. Key Players John Deere Komatsu Ltd. Caterpillar Inc. Husqvarna Group Ponsse Plc Tigercat International Inc. Hitachi Construction Machinery Co., Ltd. Doosan Infracore Volvo Construction Equipment Kubota Corporation Stihl Holding AG & Co. KG Frequently Asked Question About This Report . Table of Contents 1. FORESTRY EQUIPMENT MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. FORESTRY EQUIPMENT MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – FORESTRY EQUIPMENT MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Equipment Type and End Use Outlook Analysis 4. HISTORIC TRENDS IN FORESTRY EQUIPMENT MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA FORESTRY EQUIPMENT MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America Forestry Equipment Historical Market ($MILLION), (2017 – 2023) 6.2. North America Forestry Equipment Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By Equipment Type 6.3.1. Harvesters 6.3.2. Feller Bunchers 6.3.3. Forwarders 6.3.4. Skidders 6.3.5. Loaders 6.3.6. Mulchers 6.3.7. Stump Grinders 6.3.8. Chippers 6.3.9. Swing Machines 6.3.10. Others (e.g., Slashers, Delimbers) 6.4. North America Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.4.1. Logging 6.4.2. Land Clearing 6.4.3. Tree Planting 6.4.4. Forest Road Construction 6.4.5. Fire Management 6.5. North America Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use 6.5.1. 6.5.2. Commercial Forestry 6.5.3. Private Forestry 6.5.4. Governmental/State Forestry Operations 6.6. North America Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.6.1. USA 6.6.2. Canada 6.6.3. Rest of North America 7. USA FORESTRY EQUIPMENT MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE FORESTRY EQUIPMENT MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe Forestry Equipment Historical Market ($MILLION), (2017 – 2023) 8.2. Europe Forestry Equipment Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By Equipment Type 8.4. Europe Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.5. Europe Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use 8.6. Europe Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.6.1. Germany 8.6.2. France 8.6.3. UK 8.6.4. Italy 8.6.5. Spain 8.6.6. Rest of Europe 9. APAC FORESTRY EQUIPMENT MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC Forestry Equipment Historical Market ($MILLION), (2017 – 2023) 9.2. APAC Forestry Equipment Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By Equipment Type 9.4. APAC Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.5. APAC Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use 9.6. APAC Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.6.1. China 9.6.2. Japan 9.6.3. South Korea 9.6.4. India 9.6.5. Australia 9.6.6. Rest of APAC 10. LATIN AMERICA FORESTRY EQUIPMENT MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America Forestry Equipment Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America Forestry Equipment Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By Equipment Type 10.4. Latin America Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.5. Latin America Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use 10.6. Latin America Forestry Equipment Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.6.1. Brazil 10.6.2. Argentina 10.6.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. JOHN DEERE 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. Komatsu Ltd. 11.3. Caterpillar Inc. 11.4. Husqvarna Group 11.5. Ponsse Plc 11.6. Tigercat International Inc. 11.7. Hitachi Construction Machinery Co., Ltd. 11.8. Doosan Infracore 11.9. OTHER MARKET PLAYERS