Global Market Study on Forestry Machinery, Rise in production of Roundwood to drive the market
The global forestry machinery market is projected to reach US$ 13.62 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.8%. In recent years, there has been increased attention on forest management practices, driven by a heightened awareness of forest preservation. Countries such as China, Canada, and the US are seeing a rise in Roundwood production. Advancements in forest science are also playing a significant role in improving forestry operations, particularly in areas like low-impact harvesting and reducing fire risks.