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Global Timber Harvesting Equipment Market to Grow at 5.5% CAGR through 2025

Press release Description

Albany, New York, March 15, 2018: A new thorough report titled “Global Market Study On Timber Harvesting Equipment: Chainsaws Product Type Segment Expected to Hold a High Potential for Growth During 2017 – 2025” has recently been added to the repository of Market Research Reports Search Engine (MRRSE). The global timber harvesting equipment market is projected to increase at 5.5% CAGR and reach US$ 25 Bn by the end of 2025.

The report offers detailed analysis on the key drivers, restraints, opportunities, and threats in the global timber harvesting equipment market. According to the report, the timber harvesters are focusing on boosting operational efficiency and adoption of harvesting equipment is likely to provide an impetus to growth of the market during the assessment period.  Significant adoption has been witnessed of GPS in harvesters and forwards. These machines also contribute to reducing environmental waste and improving sustainability of the operations.

The report segments the market into various segments and sub-segments to cover all market aspects which are harvesting mode, product type and region. The harvesting mode is further sub-segmented into tree length, cut-to-length and full tree. On the basis of product type segment, the market is categorized into skidders, forwarders, chainsaws, feller bunchers (tracked type and wheeled type) and harvesters (tracked type and wheeled type). By region, the market is sub-segmented into key regions which are Europe, North America, Latin America, Asia Pacific and Middle East and Africa.

By product type, skidders are likely to grow at significant CAGR and account for a revenue share of over 20% by the end of the forecast period. This segment is likely to have an incremental opportunity of over US$ 2.3 Bn during the assessment period. Skidders have been highly beneficial in improving the operational efficiency and are likely to witness significant demand during the assessment period.

The report also includes a detailed competitive landscape that profiles the product and business strategies of some of the leading players in the market. According to the report, some of the major companies profiled are Komatsu Ltd., Caterpillar Inc., Logset Oy, Rottne Industri AB, Andreas Stihl AG & Company KG, Hitachi Ltd., Barko Hydraulics L.L.C., Volvo AB, Echo Inc., Deere & Company, Ponsse Oyj, Tigercat International Inc., Eco Log Sweden AB, Husqvarna AB, Stanley Black & Decker, Inc., Kesla Oyj, Bell Equipment Ltd. and Sampo-Rosenlew Oy. Mergers and acquisitions and strengthening of supply chains are some of the leading focus areas for manufacturers. Investment in development of innovative products is also gaining traction.

Browse Full Global Timber Harvesting Equipment Market Report with TOC :

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