Forestry Equipment Market Share

Market Share of Forestry Equipment Industry

The forestry equipment market is highly fragmented, with the presence of major players like Deere and Company, Komatsu Ltd., Volvo CE (AB Volvo), Hitachi Construction Machinery Co. Ltd. (HCM), and Barko Hydraulics LLC. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

• May 2023 - Komatsu launched the Komatsu 951XC, a harvester for final logging in steep terrain and on soft ground. The eight-wheel design, integrated with the stable Komatsu concept, ensures a machine with stability, efficient maneuverability, and low ground pressure. The Komatsu 951XC is also optimized with the Komatsu C164 - a harvester head specially designed for logging large trees. Further, the hydrostatic transmission facilitates engine power to be utilized entirely, providing considerable advantages in difficult terrain and enhanced climbing ability.
• February 2023 - Deere and Company introduces a new mid-size model to its line-up of crawler log loaders. It is designed for logging contractors of all sizes; John Deere's new 2956G is an ideal solution for customers looking for a machine that provides the best combination of engine horsepower and hydraulics capability while maintaining a machine weight of less than 90,000 lbs.

Forestry Equipment Market Leaders

1. Deere and Company

2. Komatsu Ltd

3. Volvo CE

4. Hitachi Construction Machinery Co. Ltd

5. Barko Hydraulics LLC

*Disclaimer: Major Players sorted in no particular order