Tag: Forestry Equipment Market share

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Forestry Equipment Market Outlook 2024-2032: Growth Trends, Key Players, and Future Opportunities

Forestry Equipment Market Outlook 2024-2032: Growth Trends, Key Players, and Future Opportunities

The global forestry equipment market size stood at USD 11.59 billion in 2023 and is expected to grow at a CAGR of 4% during the forecast period, driven by the global shift towards automated processes and the rise of the construction sector. The market is projected to reach USD 16.45 billion by 2032. This comprehensive…

The Global Forestry Equipment Market size reached USD 10.20 Bn in 2022 and is expected to reach USD 14.54 Bn by 2029, growing at a CAGR of 5.2 % during the forecast period.

  Over the past ten years, there has been a significant rise in forestry operating productivity due to many stages of technical progress in forestry equipment. The functions of forestry equipment are particular to forestry activities. For the forestry sector to meet its production and environmental targets, efficient management and harvesting techniques are essential. There…