Global Forestry Equipment Market by Product and Region

NEW YORK, Nov. 20, 2017 /PRNewswire/ -- US Forestry Equipment Sales to Grow at a Healthy Pace, While Advances in the Canadian Market Decelerate

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After a period of stagnation, demand for forestry machinery in the US, the world's largest market, will rebound because of rising construction activity, increasing roundwood production, the gradual adoption of cut-to-length logging methods (which will stimulate the use of more expensive equipment), and rising replacement product sales. As a result, the US is expected to account for 22% of all new global product demand through 2021. Canada, in contrast, is expected to see market gains decelerate because of the impressive gains it registered between 2011 and 2016. Many Canadian logging firms have purchased forestry equipment in recent years, which will dampen growth prospects going forward.

Key Findings in the Forestry Equipment Study:

The Asia/Pacific Will Record Above Average Growth
In the Asia/Pacific region, forestry equipment demand is forecast to rise 5% annually through 2021. As operators work to lower costs, increase productivity, and boost their competitiveness, mechanization rates in Asia/Pacific nations will rise, stimulating sales of equipment. Advances in the regional forestry market will also be supported by renewed strength in roundwood production and rising wood prices, which allow logging firms to spend more on equipment as their finances improve.

Chippers & Grinders to Outperform the Forestry Equipment Market as a Whole
Global demand for chippers and grinders is forecast to advance at an above average pace through 2021. Demand will continue to be supported by rising demand for wood pellets as a power plant feedstock, especially in Western Europe, the largest regional market for chippers and grinders. In addition, sales will be boosted by rising mechanization rates and the increasing use of on-site processing equipment in the developing world.

Study Coverage
This study presents historical demand (2006, 2011, and 2016) and forecasts for 2021 by product (chainsaws, harvesters, and feller bunchers; forwarders, skidders, and other extracting equipment; chippers and grinders, and delimbers, slashers, and other on-site processing equipment; loaders, mulchers, and all other forestry equipment; saw chains, guide bars, discs, teeth, harvesting and other heads, and other separately sold parts and attachments). The study also analyzes the structure of the global forestry equipment industry and presents company market share in dollar terms for the world's leading suppliers, including Blount International, Caterpillar, Deere, Doosan Infracore, Hitachi, Husqvarna, Komatsu, Ponsse, STIHL, and Yamabiko.

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