The global precision forestry market is projected to expand at a significant CAGR during the forecast period. The increasing replacement of traditional forestry harvesting equipment with fully mechanized cut-to-length (CTL) technology for harvesting, is the key to the growth of the precision forestry market. The growing interest of forest owners and government towards digitization and automation in the forestry industry and advancement in technology is expected to boost the demand for precision forestry services. The rapid development in harvesting and fire management is raising the demand for the precision forestry market. Increasing forestry operations, surveillance technology, increased government support to adopt the new techniques and advanced monitoring requirements are some of the key factors that are expected to increase the demand for the precision forestry market.
The key market players include Deere and Company, Trimble, Raven Industries, Ponsse, Caterpillar, Ecolog, and Tigercat. The major companies have adopted the strategies like mergers and acquisitions, agreements, new product launches, and partnerships to grow the market. For instance, in November 2018, Canadian company Tigercat partnered with Russian firm EkoNivaTechnka-Holding to strengthen its foothold in the precision forestry market. Moreover, a boost in construction work, growing demand for round wood from the industrial sector, rising demand for timber from sawmills, and increasing government measures to curb illegal logging and deforestation are expected to fuel the growth of the global precision forestry market.
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Company Profile
- Decisive Farming
- Precision Planting
- AG Leader
- AGCO Corporation
- Raven Industries
- Trimble
- AgJunction
- Deere and Company
- The Climate Corporation
Market Segmentation
By Application
- Genetics and Nurseries
- Silvi culture & Fire Management
- Harvesting Management
- Inventory & Logistics Management
By Technology
- Cut-to-Length
- Geospatial
By Offering
- Hardware
- Software
- Services
Segment by Region
North America
US
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia and New Zealand
- Rest of Asia-Pacific
Rest of the World
- South America
- Middle East
- Africa
Scope of the Report
The research study analyzes the global Precision Forestry industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Precision Forestry Market Report
1. What was the Precision Forestry Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Precision Forestry Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Precision Forestry Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Precision Forestry market.
- The market share of the global Precision Forestry market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Precision Forestry market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Precision Forestry market.
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