# Demand for Fast Transit of Logged Woods From Forests to Stock Areas Is Expected To Result In Higher Demand For Forwarders
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-09-24
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Forestry Machinery Sales to Surge: Latest Industry Trends
Meta Description: Discover how the forestry machinery industry is advancing with precision forestry technology, UAVs, LiDAR, and more. Gain insights on global market trends and
URL: https://financedigest.com/demand-for-fast-transit-of-logged-woods-from-forests-to-stock-areas-is-expected-to-result-in-higher-demand-for-forwardershtml

According to a new Fact.MR study, over 12 million units of forestry machinery were sold in 2018, and sales are expected to record over 3% Y-o-Y growth in 2019. The forestry machinery industry has been upheld by a slew of factors, which span from growing adoption of mechanized practices in forest harvesting, to rising trend of leasing & renting services and integration of GPS systems into the machinery.

The impact of digital [technology on forestry is evident](https://www.financedigest.com/cut-evidence-empower-how-technology-can-help-banks-deliver-on-cop27-commitments.html "Cut, evidence, empower: How technology can help banks deliver on COP27 commitments"), with the paradigm shift from animal-powered to more mechanized processes. [Global operators in the forestry industry are pioneering use of advanced technologies for enhancing the management results](https://www.financedigest.com/will-global-commodities-suffer-as-a-result-of-brexit-the-experts-at-easymarkets-think-not.html "WILL GLOBAL COMMODITIES SUFFER AS A RESULT OF BREXIT? THE EXPERTS AT EASYMARKETS THINK NOT!"), which is emerging as the ‘precision forestry’ trend worldwide. Plantation forestry operators with long-track record of continuous improvement and innovation are likely to [gain the first-mover advantage from precision forestry practices in the near future](https://www.financedigest.com/dollar-gains-as-wall-street-retreats-on-future-fed-hikes.html "Dollar gains as Wall Street retreats on future Fed hikes").

The study opines that new technologies, including unmanned aerial vehicles (UAVs) and LiDAR, are witnessing pervasive [adoption in the forestry machinery industry](https://www.financedigest.com/high-quality-low-voltage-motors-market-recent-industry-developments-and-growth-strategies-adopted-by-players.html "High Quality Low Voltage Motors Market: Recent Industry Developments and Growth Strategies Adopted by Players"), which have been helping operators in real-time surveillance and mapping activities. Advances, trails, and [adoption of technologies](https://www.financedigest.com/kings-secure-technologies-adopts-agile-flexible-cloud-reporting-access-granular-real-time-financial-information.html "Kings Secure Technologies Adopts Agile and Flexible Cloud Reporting for Access to ‘Granular Real-time Financial Information’") in the forestry landscape show no signs of abating, involving activities in the overall value chain – from nurseries and plant genetics to delivery of wood to energy plants, pulp mills and saw mills.

Advanced genetic improvement best suited genetic profile for plants in terms of end-use, and automated nurseries for raising plants under optimum conditions for good health and growth, are some of the key practices, which have significantly underpinned the adoption of [forestry machinery](https://www.financedigest.com/forestry-machinery-market-to-increase-value-growth-at-4-7-cagr-during-2021-to-2031persistence-market-research.html "Forestry Machinery Market To Increase Value Growth At 4.7% CAGR During 2021 to 2031:Persistence Market Research") among harvesters worldwide. It is highly likely that technology will [change the face](https://www.financedigest.com/the-changing-face-of-peer-to-peer.html "THE CHANGING FACE OF PEER-TO-PEER") of forestry machinery market in the upcoming years, with key solutions such as IoT taking the landscape by the storm.

![forestry machinery market value opportunity by machine](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/forestry-machinery-market-value-opportunity-by-machine-1736837780155-compressed.jpg)

## Key Segments of Forestry Machinery Market

**Machine**

- Skidders
- Forwarders
- Swing Machines
- Bunchers
- Harvesters
- Loaders
- Other Forestry Machinery

**Region**

- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle [East & Africa](https://www.financedigest.com/eseye-collaborates-with-solarnow-and-amazon-web-services-to-help-bring-solar-energy-to-remote-regions-in-east-africa.html "Eseye Collaborates with SolarNow and Amazon Web Services to Help Bring Solar Energy to Remote Regions in East Africa") (MEA)

## Attractiveness of Developed Markets for Forestry Machinery Manufacturers to Endure

[According to the study](https://www.financedigest.com/investors-seek-higher-returns-as-catastrophe-bond-issuance-slows-during-q2-according-to-aon-study.html "INVESTORS SEEK HIGHER RETURNS AS CATASTROPHE BOND ISSUANCE SLOWS DURING Q2, ACCORDING TO AON STUDY"), volume sales of forestry machinery remain high in Europe, closely followed by North America – these two regions collectively accounting for over 70% sales. Forestry machinery [sales in Europe and North America](https://www.financedigest.com/north-america-dominates-the-weatherstrip-seal-sales-attributed-to-the-constant-demand-from-construction-and-automotive-industry.html "North America Dominates The Weatherstrip Seal Sales Attributed To The Constant Demand From Construction And Automotive Industry") are buoyed by a confluence of factors, including support of favorable funding policies of the government in terms of national development programs, along with rising adoption of key mechanized practices such as cut-to-length (CTL) approach.

The study opine that players will witness modest [success rate in developed markets](https://www.financedigest.com/the-secret-to-stock-market-success.html "The Secret to Stock Market Success"), where ROI are expected to be average while the competition remains high. In contrast, [developing markets](https://www.financedigest.com/concrete-placing-booms-market-notable-developments-geographical-outlook.html "Concrete Placing Booms Market: Notable Developments & Geographical Outlook") will present relatively greater ROI as well as success rate for the players in the forestry machinery market, as these regions witness growing adoption of precision forestry and mechanized practices, while competition remains comparatively low compared to developed markets.

[Sensing varied requirement of end-users in the forestry machinery market](https://www.financedigest.com/russian-etf-jumps-as-some-sense-bargains-in-uninvestable-market.html "Russian ETF jumps as some sense bargains in ‘uninvestable’ market"), key players have introduced a variety of machinery, including skidders, bunchers, harvesters, forwarders, and loaders. The study finds that forwarders account for nearly [30% sales](https://www.financedigest.com/renault-revenues-rise-30-in-q1-on-higher-sales-and-prices.html "Renault revenues rise 30% in Q1 on higher sales and prices") of forestry machine worldwide, primarily underpinned by increasing number of contracts between players and end-users, and product developments to cater demanding operations in extreme terrain conditions. [Growing demand for optimized and fast](https://www.financedigest.com/determination-and-innovation-the-key-for-fast-growing-uc-firm.html "Determination and Innovation the Key for Fast Growing UC Firm") transport of logged wood from forests to store landings will further contribute to the development and sales of forwarders in the foreseeable future.

#### _This Fact.MR report provides a long-term outlook of the forestry machinery market for the period, 2018 to 2028. The forestry machinery market is projected to record a CAGR of 5% through 2028._

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