According to the research report titled ‘Forestry Equipment Market Size By Type , Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report, global forestry equipment market is expected to record substantial traction in terms of sales over 2020-2026.
 

According to the report, rapid technological developments coupled with increased government investments are key factors driving the growth of global forestry equipment market.
 

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For the record, forest equipment are basically the machinery used for excavation, harvesting, and finishing of wooded areas as well as for logging.
 

Excavating machines such as saws are used to cut trees, while the finishing machines are employed to clear the forest in order to start construction or replant trees. Harvesting equipment involves the use of harvesters, bunchers, and loaders. A harvester can also be used for bucking, felling, and limbing trees. It is widely used along with a forwarder, an equipment that is utilized to move the logs to the landing after being harvested.
 

Based on type, global forestry equipment market is divided into on-site processing equipment, extracting equipment, felling equipment, and other forestry equipment. Among these, the other forestry equipment segment is anticipated to witness significant growth during the forecast period, primarily due to the rising demand for mulchers and loaders. Notably, mulchers are equipped with a fixed tooth rotor system or swinging hammer and are connected to a vehicle or a tractor.
 

On the other hand, loader machines involve the use of knuckle booms or grapples. Grapples are used to hold shorter length logs. Knuckle booms are equipped with an hydraulic systems for swing or boom purposes.
 

In terms of regional landscape, Latin America forestry equipment is projected to exhibit a CAGR of 2.5% over the period of 2020-2026. As per the research report, increasing investments by public entities towards infrastructural development is augmenting the regional market growth.
 

The key participants in global forestry equipment market include Tigercat Industries Inc., Sampo Rosenlew, STIHL Holding AG & Co., Risutec OY, Ponsse PLC, Morbark LLC, Palfinger AG, Logset OY, Komatsu Forest AB, Husqvarna AB, Kesla OYJ, Hitachi Construction Machinery Co., Grema, Doosan Infracore Co. Ltd., Eco Log Sweden AB, Deere & Company, and Caterpillar Inc. among others.