According to a new Fact.MR study, more than 12 million units of forest machinery were sold in 2018, and sales are expected to grow by more than 3% year-on-year in 2019. The forest machinery industry has been supported by a multitude of factors, which range from the increasing adoption of mechanized practices in forestry to the growing trend of leasing and rental services and the integration of GPS systems into machines.
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The impact of digital technology on forestry is evident, with the paradigm shift from animal-powered processes to more mechanized ones. Global operators in the forest industry are pioneers in using advanced technologies to improve management performance, which is emerging as the trend in âprecision forestryâ around the world. Plantation foresters with a long history of continuous improvement and innovation are likely to get the most out of precision forestry practices in the near future.
The study believes that new technologies, including unmanned aerial vehicles (UAVs) and LiDAR, are widely adopted in the forest machinery industry, which help operators in real-time monitoring and mapping activities. Advances, avenues and adoption of technologies in the forest landscape show no signs of slowing down, involving activities across the entire value chain – from nurseries and plant genetics to the delivery of timber to energy factories , pulp mills and sawmills.
Key segments of the forest machinery market
- Freight forwarders
- Other forestry machines
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- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East and Africa (MEA)
Sustainable attractiveness of developed markets for forest machine manufacturers
According to the study, volume sales of forestry machinery remain high in Europe, followed closely by North America – these two regions together accounting for over 70% of sales. Forestry machinery sales in Europe and North America are supported by a confluence of factors, including the support of favorable government funding policies in terms of national development programs, as well as the increasing adoption of key mechanized practices such as cut-to-length (CTL) approaching.
The study estimates that gamers will experience a modest success rate in developed markets, where return on investment is expected to be average while competition remains high. In contrast, developing markets will exhibit a relatively higher return on investment and success rate for forest machinery market players, as these regions experience increasing adoption of precision forestry and mechanized practices, while competition remains relatively low compared to developed markets.
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Detecting the varied needs of end users in the forestry machinery market, major players have introduced a variety of machinery, including skidders, groupers, harvesters, forwarders and loaders. The study reveals that transporters account for nearly 30% of forestry machinery sales worldwide, mainly supported by an increasing number of contracts between actors and end users, and product developments to meet demanding operations under conditions. of extreme terrain. The growing demand for optimized and rapid transport of cut timber from forests to storage landings will further contribute to the development and sale of forwarders for the foreseeable future.
This Fact.MR report provides a long term perspective of the forest machinery market for the period 2018 to 2028. The forest machinery market is expected to register a CAGR of 5% through 2028.
Read more trend reports and the like from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/30/2008433/0/en/Demand-for-Waterjet-Cutting- Machines-Majorly-Supported-by-the-automotive-and-mining-propelling-abrasive-machines-a-Rign-Supremacy-Says-Fact-MR.html
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The article How Changing Trends Will Impact the Forest Machinery Market first appeared on The Swiss Times.