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.
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The impact of digital technology on forestry is evident, 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, 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.
The study opines that new technologies, including unmanned aerial vehicles (UAVs) and LiDAR, are witnessing pervasive adoption in the forestry machinery industry, which have been helping operators in real-time surveillance and mapping activities. Advances, trails, and adoption of technologies 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 among harvesters worldwide. It is highly likely that technology will change the face of forestry machinery market in the upcoming years, with key solutions such as IoT taking the landscape by the storm.
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According to the 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 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.
Sensing varied requirement of end-users in the forestry machinery 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 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 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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We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.
Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.
Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.
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Ask for sample link here: https://www.factmr.com/connectus/sample?flag=S&rep_id=3732
The impact of digital technology on forestry is evident, 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, 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.
The study opines that new technologies, including unmanned aerial vehicles (UAVs) and LiDAR, are witnessing pervasive adoption in the forestry machinery industry, which have been helping operators in real-time surveillance and mapping activities. Advances, trails, and adoption of technologies 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 among harvesters worldwide. It is highly likely that technology will change the face of forestry machinery market in the upcoming years, with key solutions such as IoT taking the landscape by the storm.
Browse Full Report at: https://www.factmr.com/report/3732/forestry-machinery-market
According to the 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 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.
Sensing varied requirement of end-users in the forestry machinery 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 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 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.
Request for the Customization of the report: https://www.factmr.com/connectus/sample?flag=RC&rep_id=3732
About Us
We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.
Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.
Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.
For More Information Kindly Contact:
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Mail: sales@factmr.com
Read Blog: https://theheraldmedia.com/
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