Forestry Equipment Market

By Equipment Type;

Felling Equipment, Extracting Equipment, On-Site Processing Equipment and Others

By Sales;

Used and New

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn159461532 Published Date: September, 2025 Updated Date: November, 2025

Forestry Equipment Market Overview

Forestry Equipment Market (USD Million)

Forestry Equipment Market was valued at USD 10,617.98 million in the year 2024. The size of this market is expected to increase to USD 14,161.71 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%


Forestry Equipment Market

*Market size in USD million

CAGR 4.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.2 %
Market Size (2024)USD 10,617.98 Million
Market Size (2031)USD 14,161.71 Million
Market ConcentrationHigh
Report Pages312
10,617.98
2024
14,161.71
2031

Major Players

  • AB Volvo
  • Caterpillar Inc.
  • Komatsu Ltd
  • Doosan Infracore Co. Ltd
  • Hitachi Construction Machinery Co. Ltd
  • C. Bamford Excavators Limited
  • Deere & Company.
  • CNH Industrial N.V
  • Hyundai Heavy Industries Co. Ltd
  • Bell Equipment
  • Sumitomo Heavy Industries

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Forestry Equipment Market

Fragmented - Highly competitive market without dominant players


The Forestry Equipment Market is gaining prominence as demand for mechanized and efficient timber harvesting continues to expand. Over 45% of forestry operations now rely on advanced machinery to improve productivity and reduce manual labor. The shift towards modern equipment highlights the importance of cost-effective and sustainable solutions in meeting growing resource needs.

Technological Integration in Operations
With nearly 40% of operators adopting digital monitoring systems, technologies like automation and telematics are reshaping forestry practices. These innovations provide real-time tracking, predictive maintenance, and data-driven decision-making, ensuring reduced downtime and enhanced efficiency. Integration of smart systems has made forestry equipment more reliable and adaptive to operational demands.

Rising Focus on Sustainability
Sustainability is becoming a critical driver, with almost 50% of forestry enterprises adopting eco-friendly machinery designed to lower emissions and conserve resources. The industry is aligning with global environmental goals by integrating energy-efficient engines and electrified models. This transition reflects the rising preference for equipment that balances productivity with ecological responsibility.

Innovation Driving Future Growth
The industry’s future is being shaped by continuous innovation, with over 35% of new product launches focusing on automation, hybrid models, and enhanced safety features. Manufacturers are prioritizing design efficiency and operational safety, enabling forestry companies to streamline workflows. These advancements are positioning the market for sustained expansion and broader equipment utilization.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Equipment Type
    2. Market Snapshot, By Sales
    3. Market Snapshot, By Region
  4. Forestry Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Wood Products

        2. Expansion of Forest Management and Conservation Initiatives

        3. Increasing Investments in Forestry Infrastructure

      2. Restraints
        1. Environmental Regulations

        2. High Initial Investment

        3. Technological Complexity

      3. Opportunities
        1. Sustainable Forestry Practices

        2. Expansion of Biomass and Bioenergy Sector

        3. Urbanization and Infrastructure Development

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Forestry Equipment Market, By Equipment Type, 2021 - 2031 (USD Million)
      1. Felling Equipment
      2. Extracting Equipment
      3. On-Site Processing Equipment
      4. Others
    2. Forestry Equipment Market, By Sales, 2021 - 2031 (USD Million)
      1. Used
      2. New
    3. Forestry Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Deere & Company
      2. Komatsu Ltd.
      3. Caterpillar Inc.
      4. Hitachi Construction Machinery Co., Ltd.
      5. Volvo Construction Equipment (Volvo CE)
      6. Ponsse Oyj
      7. Tigercat Industries
      8. Husqvarna AB
      9. CNH Industrial N.V.
      10. Bell Equipment Limited
      11. Barko Hydraulics, LLC
      12. Rottne Industri AB
      13. Doosan Corporation
      14. Husqvarna Group
      15. J.C. Bamford Excavators (JCB)
  7. Analyst Views
  8. Future Outlook of the Market