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Forestry Equipment Market Forecasted to Hit $17B by 2026

Mon December 14, 2020 - National Edition
Global Market Insights


Rising incidences of wildfire across the world will have a major impact on forestry equipment market outlook over the next decade, according to a report by Global Market Insights Inc.

Further, foresters and loggers are heavily dependent on these equipment to manage the task assigned to them.

There are several machines designed specifically for specified tasks such as forest road construction, fuel treatment, logging and various other forest management activities. They are often called heavy equipment and are specialized machines that are purpose-built, designed and sized for the large number of forestry tasks. These equipment are often used to manage wildfire in forests as well as the wildlife and sanctuary to preserve the ecosystem in countries across the world.

With the growing change in the climate due to heavy carbon dioxide emission, as well as some other factors, there has been an ostensible increase in the wildfire instances. They tend to consume millions of acres of land that destroy millions of homes for humans and animals alike.

British Colombia had registered a fire across 100,277 hectares of Lutz Creek in August 2018, while a campfire in California had burnt about 142,000 of acres of land in the same year. For the past decades, the United States has witnessed some of the largest recorded fires that poses a threat millions. Efforts to tackle these calamities will bolster forestry equipment market trends in the near future.

Major industry players are involved in the development of more efficient forestry equipment and introduce innovative techniques that make performing tasks efficient and more effective. They also indulge in various activities that help them develop newer and improved products with collective resources and ideas.

Canada-based Tigercat Industries had acquired the U.S. based Ragnar Original Innovation in 2019, that manufactures a multi-use machine used in forestry, construction and recycling. Tigercat also will be adopting the latters Carbonizer product line that is capable of converting the processed and unprocessed wood debris into a product known as biochar, attracting major demand form forest departments. Similar acquisition efforts will impact global forestry equipment industry size.

Recent instances like the fire that consumed half of the Amazon forest, as well as the Australian bushfire in 2019, had left innumerable animals either homeless or close to extinction. Forestry equipment was one of the things that was majorly required in such situations.

The Forest Service, which is a part of the USDA, is planning to spend more than 50 percent of its main budget to control the wildfires that often occur in the country.

The infrastructure sector has been witnessing major demand for wood pellets and timber for construction activities of residential and commercial complexes. With growing urbanization and a steady rise in the disposable income at hand, there has been an escalating demand for wooden walls, roof and flooring designing in the living or working spaces.

Growing construction activities supplemented by increasing disposable income in the Asia Pacific region has proven to be beneficial for forestry equipment providers as well. Wood pellets also include sawdust, peanut shell, saw shaving, straw and stalking among various others. They are used in industries as they help reduce pollution. Facilities are adopting CHP-models wherein these pellets will be playing a key role.

They also are used for heating systems and hot water supplies as one of the best options for fueling the domestic supply. North America and Europe are the forerunners of wood pellet energy use as they have been exposing the product to notable applications, fueling forestry equipment demand to ensure a sustained pellet supply.

For a sample copy of this research report, visit www.gminsights.com/request-sample/detail/4580.

This story also appears on Forestry Equipment Guide.




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