According to the latest report, titled “Forestry Equipment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast’ the India facility management market is expected to exhibit a Huge CAGR during the Forecast Period. The global forestry equipment market size stood at US$ 9,559.4 Mn in 2018 and is projected to reach US$ 13,109.9 Mn by 2026, exhibiting a CAGR of 4.1% during the forecast period (2019 – 2026)
This COVID-19 analysis of the report includes COVID-19 IMPACT on the production and, demand, supply chain. This report provides a detailed historical analysis of the global Forestry Equipment Market by region/country and subsectors. The report covers the revenue, sales volume, price, historical growth, and future perspectives in the Forestry Equipment Market.
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A few top players in the industry are–
- AB Volvo
- Caterpillar Inc.
- Komatsu Ltd
- Doosan Infracore Co. Ltd
- Hitachi Construction Machinery Co. Ltd
- J.C. Bamford Excavators Limited
- Deere & Company.
- CNH Industrial N.V
- Hyundai Heavy Industries Co. Ltd
- Bell Equipment
- Sumitomo Heavy Industries
The report gives a precise view of the future perspective and present market demands. The report also includes facts and statistics, tables & figures referred to in this report for strategic planning which leads to the success of the organizations. In this market report, the market share that various manufacturers hold in the global Forestry Equipment Market and the market concentration is described in the report.
On the basis of Geography, the Global Forestry Equipment Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to hold a considerable share in the global Forestry Equipment Market. Due to increasing investment for research and development process and adoption of solutions in the region whereas Asia-Pacific is expected to grow at a faster pace during the forecasted period.
The growing number of Forestry Equipment Market players across regions is expected to drive market growth further. Moreover, increasing investments by prominent vendors in product capabilities and business expansion is expected to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where the large populations are coupled with new innovations in numerous industries.
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Product Launches to Boost the Market
The advent of newer equipment and integration of innovative concepts has contributed to the growth of the global Forestry Equipment Market. Technologically sound equipment will create a huge demand from end users around the world. Prevailing companies have been actively participating in their own ways, some of which are catapulting newer products, while others are involved in deals and agreements with market counterparts. Altogether these factors will bode well for the overall market and increasing product launches will favor the growth of the global Forestry Equipment Market in the forthcoming years.
An overview of the Forestry Equipment Market’s regional outlook:
The market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). North America is further subdivided into countries such as the United States and Canada. The Europe region is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific are subdivided into Asia Pacific. The Latin America region is separated into Brazil, Mexico, and the rest of Latin America, whereas the MEA region is divided into GCC, Turkey, South Africa, and the rest of MEA.
Caterpillar Announces New Forestry Equipment with Innovative Technology
The global Forestry Equipment Market is blessed with product innovations by renowned companies. Increasing merger and acquisitions, in addition to frequent product launches, are adding to the demand for forestry equipment, globally. Recently, Caterpillar announced the launch of two forest machines to its product portfolio. Caterpillar’s latest equipment are designed to perform forestry tasks ranging from road building and site activities such as log processing. Caterpillar’s CAT 548 and 548 LL are designed with high horsepower and increased lift capacity. The improvements in equipment have created a huge demand for Caterpillar’s newest product. Fortune Business Insights predicts that such product launches will favor the growth of the global Forestry Equipment Market in the coming years.
Fortune Business Insights has profiled some of the leading companies that have had contributed to the growth of the global Forestry Equipment Market. The report stresses on several factors that have influenced market activities. The report includes factors that have accounted for growth of the overall market along with some factors that have restrained the market growth. Fortune Business Insights has included the segmentation of the global Forestry Equipment Market based on product types and regional demographics.
Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights provided in the report are the price trend analysis, recent industry developments such as mergers & acquisitions, the regulatory scenario in key countries, SWOT analysis, and key industry trends.
- What is the driving factor for the growth of the Forestry Equipment Market?
- How will the COVID-19 pandemic impact the demand and consumption of the Forestry Equipment Market?
- What is the major application area of the Forestry Equipment Market?
- Who are the Forestry Equipment Market manufacturers across the globe?
- Which geographical location is dominant in the Forestry Equipment Market?
- Which are the top industry players in the Forestry Equipment Market?
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