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Forestry Equipment Market Size By Type (Felling Equipment [Chainsaw, Harvester, Feller Buncher], Extracting Equipment [Forwarder, Skidder], On-site Processing Equipment [Chipper, Delimber]), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2027

  • Report ID: GMI4580
  • Published Date: Jun 2021
  • Report Format: PDF

Industry Trends

Forestry Equipment Market size surpassed USD 9 billion in 2020 and is anticipated to grow at a CAGR of over 4.5% from 2021 to 2027. Growing usage of timber in commercial construction activities, such as wall & roof designing, flooring, and building doors & cabinets, is driving the industry growth.

Increasing forest management activities to enhance the quality and quantity of the forest produce will fuel the demand for forestry equipment. According to the 2020 market data by IEA Bioenergy, North America and Europe are major consumers of wood pellets. Asia Pacific is showcasing a strong growth in consumption of wood pellets due to the replacement of coal in large power plants with wood pellets. The presence of vast forest lands in Asian countries including China and India is supporting the market expansion.

Forestry Equipment Market

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Increasing investments by forestry equipment manufacturers in the development of technically advanced equipment to enhance productivity in forestry operations are contributing to the market growth. The introduction of digital assistance solutions to maintain a high level of work safety is likely to augment the market revenue. Several market players are offering digital solutions to track timber inventories, loads, and navigate solutions to enhance productivity. For instance, in June 2019, Komatsu launched a digital tool, MaxVision to support forest machine operators and visualize the state & condition of the forest.

The key industry challenges in the forestry equipment market are high investments and maintenance costs. Manufacturers of forestry equipment use high-quality raw materials, such as steel and cast iron, along with complex drivetrain parts, thus increasing equipment costs. Regular maintenance of these machines to ensure smooth operations adds up to the overall costs of forestry equipment. Hydraulic leakage is another major concern in forestry equipment, which needs to be diagnosed at regular intervals to ensure the proper functioning of the parts.

COVID-19 Impact Analysis

The COVID-19 pandemic has negatively impacted the forestry equipment industry. The market revenue witnessed a temporary slowdown in 2020 owing to the global economic recession and strict government-imposed lockdown in several countries. Disruptions in the supply chain and the shortage of labor resulted in a sharp decline in timber extraction activities. Due to high financial insecurities, companies operating in the forestry and felling industries opt for rental forestry equipment as opposed to new machines, restricting the industry growth.

High demand for felling equipment propelled by versatile features

Global Forestry Equipment Market

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The felling equipment held over 30% of the forestry equipment market revenue share in 2020, with around 2 million new units sold. Felling equipment includes market revenues from the sales of chainsaws, harvesters, and feller bunchers. The increasing trend of commercial forestry will boost the product demand. This type of forestry equipment is being increasingly used for felling, delimbing, harvesting, processing, and bucking trees.

Harvesters are witnessing a high demand through 2027 on account of their benefits such as high productivity and efficiency. Growing market representation of advanced automation solutions, such as cut to length and self-propelled harvesting, is growing at a rapid pace. The increasing demand for automated equipment integrated with artificial intelligence and control systems is driving the growth of harvesters market.

To provide higher ground clearance & off-road maneuverability and to tackle obstacles & steep ditches in challenging terrains, market players are launching new models of forestry harvesters. For instance, in August 2020, Komatsu launched the 901XC 8WD harvester to tackle rough and steep terrains. The 901XC harvester includes a 3PS hydraulic system, four-way cab/crane leveling, and an enhanced ergonomic cab with 180-degree crane rotation. The increasing focus of equipment manufacturers including Eco Log, Tigercat International, Komatsu Forest, and others on R&D and innovation will surge the forestry equipment market revenue through 2027.

Increasing use of wood in the commercial and residential sectors to foster the North America market revenue

North America Forestry Equipment Market

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The North America forestry equipment market size valued at USD 3 billion in 2020. The major market factors driving the regional growth are increasing population and high demand for timber products. Wood is extensively used in the residential and commercial sectors for furniture manufacturing, heating & paper production. The growing utilization of forest products, such as sawlogs, veneer logs, sawn wood, pulpwood, and other industrial roundwood, for infrastructure development, is bolstering the demand. The promotion of silviculture by the U.S government to maintain vegetation and forest cover is spurring the regional market revenue.

The capability of forestry equipment to clear large vegetation patches in significantly less time is contributing to their growing market representation in the U.S. The country is witnessing rising investments from government & private companies to enhance the transportation and infrastructure systems. This requires clearing large patches of land for the development of rail networks and highways, resulting in a favorable market outlook. For instance, in 2020, the American Road & Transportation Builders Association (ARTBA) announced its plans to spend about USD 275 billion on the overall development of the country’s roadways and highways.

High focus of OEMs on new product launches

Market leaders are emphasizing on launching new models of forestry machines to enhance their global industry share. For instance, in October 2020, Komatsu Ltd. launched new forwarder models: Komatsu 845, Komatsu 835TX, and Komatsu 825TX to its 2021 lineup. The new forwarders are installed with high-capacity engines, which meet the new emission legislation for diesel engines. The forwarders are equipped with the MaxiXT control system and location data.

Another prominent strategy adopted by manufacturers includes investing in R&D to launch eco-friendly products with a low carbon footprint. For instance, in February 2020, Husqvarna Ab launched new battery-powered electric chainsaw models, T540i XP and 540i XP. Both chainsaws possess a capacity equivalent to 40cc petrol-powered chainsaws. The product launch will assist the company to enhance its market share and decrease the overall carbon emissions.

Prominent players in the forestry equipment market include Kesla Oyj, Hitachi Construction Machinery, Eco Log Sweden AB, Caterpillar, Inc., Komatsu Forest, Ponsse PLC, Husqvarna AB, Deere & Company, Tigercat International, Doosan Group, STIHL, and Logset Oy.

This market research report on forestry equipment includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in units from 2021 to 2027 for the following segments:

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Market, By Type:

  • Felling Equipment
    • Chainsaw
    • Harvester
    • Feller Buncher
  • Extracting Equipment
    • Forwarder
    • Skidder
  • On-site Processing Equipment
    • Chipper
    • Delimber
  • Others
    • Loader
    • Mulcher

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • Sweden
    • Finland
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa


Authors: Preeti Wadhwani, Prasenjit Saha

Frequently Asked Questions (FAQ) :

The market for forestry equipment had attained USD 9 billion in 2020 and will rise at a CAGR of more than 4.5% up to 2027.

Felling equipment accounted for around 30% of the forestry equipment industry share in 2020 and will grow significantly with higher sales of harvesters, chainsaws, and feller bunchers.

The forestry equipment market in North America recorded USD 3 billion in annual revenue in 2020 and will grow due to the expanding population and growing need for timber products in the region.

Kesla Oyj, Eco Log Sweden AB, Caterpillar, Inc., Ponsse PLC, Husqvarna AB, Tigercat International, Deere & Company, Doosan Group, STIHL, and Logset Oy are the major players in the forestry equipment market.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 18
  • Tables & Figures: 559
  • Countries covered: 16
  • Pages: 360
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