Forestry Equipment Market to Record CAGR of 3.9% Over 2025-2032; Tigercat Launched New Product Called 234C Loader to Enhance Productivity

The global forestry equipment market size was valued at USD 10.93 billion in 2024 and is predicted to reach USD 11.32 billion in 2025. The market is anticipated to touch USD 14.85 billion by 2032, recording a CAGR of 3.9% over 2025-2032.

Fortune Business Insights™ presents this information in its latest report titled “Forestry Equipment Market Size, Share & Industry Analysis, By Equipment Type (Felling Equipment, Extracting Equipment, On-site Processing Equipment, and Others (Mulchers, Stump Grinders, etc.)), By Sales Type (Used and New), and Regional Forecast, 2025-2032”.

The biofuel industry depends on forestry machinery to collect wood and various other biomass materials. As increasing number of countries incorporate biofuels into their transportation and other industries, the need for specialized forestry equipment is on the rise. This trend is contributing to the growth of the forestry equipment market. The rising demand for bioenergy plays a vital role in the expansion of the global market, primarily driven by the ongoing transition toward renewable energy sources.

The COVID-19 pandemic adversely affected the market. In the initial months of the pandemic, the global supply chain experienced major disruption, resulting in shortages of parts. Additionally, the reduction in timber cultivation, coupled with the slowdown in the housing and construction sectors, led to a decline in demand for forestry equipment.

Tigercat Launched New Product Called 234C Loader to Enhance Productivity

In October 2024, Tigercat launched a new product called the 234C loader, aimed at boosting operational efficiency in forestry tasks. This model integrates cutting-edge technology with intuitive features to enhance productivity while focusing on operator comfort.

Growing Timber and Wood Products Demand to Boost Market Growth

The global forestry machinery market growth is attributed to rising demand for timber and wood timber and wood products across various sectors such as construction, furniture, and packaging. Rising population, urbanization, and infrastructure development in developing countries are major factors driving this demand. Timber is popular in construction due to its sustainability and versatility, while the furniture industry values its beauty. The increasing paper and pulp sector is driven by the need for packaging in e-commerce and a move toward recyclable materials. Additionally, interest in renewable energy is boosting the use of wood pellets and biomass. As forestry operations expand, there is a greater need for efficient machinery like harvesters and skidders, which helps increase productivity and support sustainable practices.

However, concerns about deforestation are a major factor holding back the market and slowing its growth.

Top Companies to Invest in R&D Initiatives and Partnerships to Enhance Their Market Presence

The companies, including Komatsu Ltd., Deere & Company, Caterpillar Inc., Ponsse Oyj, and Hitachi Construction Machinery Co., Ltd., are the leaders in the global market. These players are focusing on making significant investments in R&D initiatives and establishing strategic alliances to reinforce their market position and drive growth.

Notable Industry Development:

• December 2024: Tigercat launched the LX877 feller buncher, incorporating advanced technology to enhance operational efficiency and comfort for the operator. This machine was tailored to boost productivity in timber cultivation.

List of the Companies Profiled in the Report:

• Caterpillar Inc. (U.S.)


• Deere & Company (U.S.)


• Hitachi Construction Machinery Co. Ltd. (Japan)


• Husqvarna Group (Sweden)


• J.C. Bamford Excavators Limited (U.K.)


• Komatsu Ltd. (Japan)


• Ponsse Oyj (Finland)


• STIHL HOLDING AG & Co. KG (Germany)


• Tigercat International Inc. (Canada)


• Yantai Lansu Co., Ltd. (China)


• Waratah (Canada)


• Rottne Industri (Sweden)


• Logset Oy (Finland)


• Vermeer Corporation (U.S.)


• MOROOKA Co., Ltd. (Japan)


• MARUYAMA MFg. Co., Inc. (Japan)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/forestry-equipment-market-100560

Further Report Findings

• In 2024, North America captured a significant portion of the global market, primarily due to the expansion of the construction sector, a spike in exports of wood and wood products, and improvements in the pulp and paper industry. The U.S. is expected to have the largest share of the market, driven by increasing demand for forestry equipment in the construction, furniture, and paper sectors.


• The Asia Pacific region is anticipated to experience substantial growth, fueled by the expansion of the construction, furniture, and paper industries in China and India. Among these countries, China leads the forestry equipment market.


• Based on equipment type, the felling equipment segment is projected to account for a leading forestry equipment market share in the coming years. This growth can be attributed to its essential role in cutting and handling trees, which enhances overall efficiency and reduces reliance on manual labor.

Table of Segmentation