Global demand for forestry excavators has enjoyed a high trajectory of growth throughout the historical period of 2016 to 2020, according to newly released market analysis data published by Fact.MR- a market research and competitive intelligence provider.
Research shows that the forestry excavators market is expected to recover by 2021, as the slowdown caused by the coronavirus pandemic eventually fades, providing renewed revenue opportunities for key manufacturers.
This industry report from Fact.MR examines the global sales of forestry excavators from 2016 to 2020. A market forecast is presented for the 2021-2031 assessment period in this report.
New Product Launches Key Expansion Strategies of Major Players
In April 2021, FAE introduced its new line of forestry mulchers for excavators with Bite Limiter technology: the new BL4/EX/VT. Specifically, this model can be employed to tackle and remove vegetation in wooded areas, especially when shredding and speed are a concern.
The muclcher is equipped with a Variable Torque (VT) motor that offers noticeably improved performance, with a greater torque when needed, and along with a minimal rotor stall risk.
The BL4/EX/VT comes with the option of the Sonic system which keeps the FAE mulcher and operating machine perfectly aligned by constantly monitoring and adjusting the hydraulic parameters of the mulcher to ensure maximum efficiency.
Likewise, in April 2021, John Deere has expanded its grade control solutions with SmartGrade on the 210G LC and 350G LC Excavators. Powered by the latest 3D SmartGrade technology, the factory-installed and calibrated 3D SmartGrade system ensures an increased accuracy and productivity, by adding value to contractors at all levels.
John Deere provides four-grade management options for contractors, such as SmartGrade, SmartGrade-Ready with 2D, 3D Grade Guidance, and 2D Grade Guidance.
Furthermore, John Deere offers upgrade kits for each grade management option so customers can adopt technology at their own pace.
Additionally, virtual fence technology features, includes Virtual Ceiling, Virtual Floor, Virtual Swing, and Virtual Wall, which provides the operator with audible alerts as the machine approaches an adjustable set point, allowing operators to focus on the task at hand.
To boost uptime, John Deere SmartGrade Remote Support enables the dealer to remotely monitor and support the machine from miles away. The SmartGrade Excavators are compatible with JDLink™ telematics, increasing visibility to machine utilization and reducing costly downtime.
Know More Details About the Report
Forestry excavators are heavy equipments consisting of a boom, bucket and cabin on a rotating platform.
These excavators are used to perform many activities in forest such as digging the earth, demolition of forest trees and loading & unloading of the cut down trees. In addition, they are used to retain diversity and size of the forest trees in forest.
A series of development plans in different countries across the globe are formulated to boost the forestry machinery demand and are expected to drive the demand for relevant solutions, like forestry excavators.
Growing demand for high productivity in harvesting processes has increased the adoption of automation technologies and mechanization methods, which in turn expected to drive the demand for forestry excavators during the forecast period.
Forestry Excavators Industry Dynamics
Forestry excavator sales are majorly driven by the increasing demand for wood and wood related products across the globe.
To lop forest trees, the shift to mechanized processes has upheld demand for forestry excavators and is expected to continue the same during the forecast period.
Increasing focus on forest management activities across the globe will result in an increased demand for forestry machinery, driving market growth.
Additionally, growing food demand across the globe has led to an increase in farming activities, which in turn has led to the conversion of forest lands into farmable land.
As farming activity is increasing across the globe, market players are expected to have ample opportunities in this market.
In recent years, technological advancements and innovations have played an important role in driving the forestry excavators during the historical period.
Additionally, the emerging trend of integration of GPS technology into forestry excavators is further expected to boost the demand for forestry excavators during the forecast period.
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Regional Outlook for Forestry Excavators Demand
The global market is segmented into seven regions: Latin America (Brazil, Mexico), North America (U.S., Canada), Europe (Germany, UK, Spain, France and Russia), Middle East and Africa (GCC, North Africa and South Africa).
And other regions are East Asia (China, Japan and South Korea), South Asia (India, Thailand, Indonesia, Malaysia, and Rest of South Asia), and Oceania (New Zealand and Australia).
Amongst all the regions, North America and Europe are expected to dominate the global forestry excavators’ landscape.
The different factors such as rental basis availability of forestry excavators, rising investment by governments in infrastructure development and emergence of online rental facilities are driving the market over there.
On other hand, owing to the increase in the expenditure for automating the forestry industry in the regions like East and South Asia is expected to show significant market growth in forestry excavators during the forecast period.
Who are the Prominent Forestry Excavators Manufacturers?
Prominent players in the global forestry excavators are as follows:
- Caterpillar Inc.
- Deere & Company
- Komatsu Ltd.
- C. Bamford Excavators Limited
- Hitachi Construction Machinery Co. Ltd
- AB Volvo
- Doosan Infracore Co. Ltd
- CNH Industrial N.V
- Sumitomo Heavy Industries
- Hyundai Heavy Industries Co. Ltd
The research report presents a comprehensive assessment of the forestry excavators, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies.
The market report provides analysis and information according to market segments such as type, engine power and operating weight.
An Adaptive Approach to Modern-day Research Needs
The Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Value Chain
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- East Asia (Japan, China, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest of South Asia)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment.
The forestry excavators report also maps the qualitative impact of various market factors on market segments and geographies.
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- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
The global market is segmented on the basis of type, engine power, and operating weight.
Based on type, the global market is segmented as:
- Tracked Forestry Excavator
- Wheeled Forestry Excavators
Based on engine power, the global market is segmented as:
- Below 170 HP
- 171 – 200 HP
- Above 200 HP
Based on operating weight, the global forestry excavators is segmented as:
- Below 70,000 lb
- 70,001 – 1,00,000 lb
- Above 1,00,000 lb
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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