About Agricultural and Forestry Machinery
The process of forest harvesting is highly mechanized in most industrialized countries, with the felling and processing of trees performed by technologically advanced forestry machines. Agricultural and Forestry Machinery are used to decrease the labor input and harvested volume ratio. The demand of woody biomass both for industrial and energy use has increased the harvesting activities and this in turn has driven the market demand.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Europe |
Unit | Value (USD Million) |
CAGR | 9.76% |
In Agricultural and Forestry Machinery Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.The Vendors having a strong hold in the market are Deere, Komastu, Barko, Caterpillar, Tigercat. Analyst at AMA Research estimates that United States and European Vendors will contribute the maximum growth to Global Agricultural and Forestry Machinery market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Deere and Company (United States), Komatsu Ltd. (Japan), Barko Hydraulics LLC (United States), Tigercat International Inc. (United States), Caterpillar, Inc. (United States), Doosan Infracore North America LLC (United States), Rottne Industri AB (Sweden), Kesla Oyj (Finland), Ponsse Oyj (Finland), Eco Log Sweden Ab (Sweden), Mahindra Group (India), AGCO Corporation (United States), Concern Tractor Plants (Russia), Escorts Limited (India), China National Machinery Industry Corporation (China) and Weifang Euroking Machinery (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Agricultural and Forestry Machinery market by Type (Forest & Agriculture Tractors, Harvesters, Agriculture Spraying Machines, Soil Preparation & Cultivation Machines, Milking & Poultry Machines, Haymaking Machines and Other Forest & Agriculture Equipments), Application (Agriculture and Forestry) and Region.
On the basis of application, Forestry segment is dominating the market in the year 2022 where as Agriculture segment stood as second largest market .On the basis of geography, the market of Agricultural and Forestry Machinery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2022. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
Integration of GPS with Forestry Machines
Market Growth Drivers:
Demand for High Productivity in Harvesting Processes, Rapid Growth in Demand for Wood and Wood-based Products and Growing Food Demand Worldwide Resulted in Aggressive Cultivation Activities: {Rapid explosion of the population in the last few years has resulted in the increasing demand for food. This has led to the alteration of forest lands into arable lands for cultivation and, in turn, is expected to boost the demand for mechanized techniques of forest cutting}
Challenges:
High Initial Investment
Restraints:
Periodic Maintenance for Smooth Operations
Opportunities:
Ongoing Development Plans, Modernization in the Manufacturing and Machinery Industry and Increased Collaboration of the Government with the Private Sector
Market Leaders and their expansionary development strategies
In 2019, Komatsu America Corp. entered into a definitive agreement to acquire TimberPro, Inc. This acquisition will strengthen the Komatsu’s position in the full-tree-length market and enable to offer a highly competitive range of products for professional logging.
In 2018, Ekotechnika AG, a German holding company of the EkoNiva-Technika Group, the largest dealer of international agricultural machinery in Russia, entered the market for forestry machinery. To enter the market, the EkoNiva-Technika had signed a strategic partnership agreement with Tigercat Industries in 2018. Under the agreement, EkoNiva is the exclusive distributor of Tigercat forestry machinery in its sales areas in Central Russia.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Agricultural and Forestry Machinery Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.