Categories: Metal & Construction

Global Forest Technological Equipment Market 2023–2032

The Forestry And Logging Global Market Report 2023 by The Business Research Company, provides forestry and logging market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Forestry And Logging Global Market Report 2023, the market size grew from $981.76 billion in 2022 to $1083.25 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global forestry and logging market is expected to grow to $1600.41 billion in 2027 at a CAGR of 10.2%.

Wood use as a building material is increasing due to the numerous advantages of wood buildings over concrete buildings, thus driving the market for forestry and logging producers. Presently, the building industry is causing 25% of the greenhouse gas emissions globally and therefore the concept of green building construction has evolved, which is expected to reduce CO2 emissions and store carbon. Also, constructing buildings with wood will produce very little waste and can be constructed quickly when compared to a concrete building.

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The forestry and logging market is segmented:

1) By Type: Logging, Timber Tract Operations, Forest Nurseries and Gathering of Forest Products

2) By Offering: Hardware, Software, Services

3) By Application: Construction, Insutrial Goods, Other Applications

Advanced techniques in forest logging methods have improved safety, fibre utilization, environmental protection, and productivity with minimum damage to residual trees. The different improved methods of logging are harvester/forwarder systems, cable harvesting systems, and helicopter logging. Harvester or forwarder types of logging are most common in northern and central Europe, and their use is expected to increase in the future due to their economic, ergonomic, and ecological advantages over motor/manual (saw/skidding) harvesting. Cable harvesting is used in mountainous regions, whereas helicopter logging is popular in environmentally constrained and remote areas. According to a recent study, improved logging operations result in a 30% increase in wood volume, and damage to residual trees can be reduced to 20%. For instance, Markit! Forestry Management has employed helicopter logging for some portions of the Dry Lake Hills area as transport of logs, lumber, and felled trees was difficult due to the steep slope of the land.

The forestry and logging market report table of contents includes: