World Forestry Equipment

World demand for forestry equipment will climb 4.5 percent annually to $9.3 billion in 2019. Harvesters and forwarders will be the fastest growing types, supported by increased use of cut-to-length harvesting methods. The US will record the largest increases in dollar terms, while Brazil will register larger increases in percentage terms.This study analyzes the $7.4 billion world forestry equipment industry, with forecasts for 2019 and 2024 by type (e.g., felling, extracting, on-site processing, parts and attachments), for six world regions and 14 major countries.The study also considers market environment factors, details industry structure, evaluates company market share, and profiles 39 industry players, including Deere, STIHL, and Hitachi.