The forestry machinery market is anticipated to experience moderate growth during the forecast duration of 2020-2030, at a CAGR of around 5%. The forest products industry is highly integrated with housing, consumer goods, and manufacturing industry, among others. Rapid slowdown in the operations of these industries due to the COVID-19 pandemic is causing volatile demand for forestry products.
This, in turn, is witnessing a marginal decline in the sales of machineries, and has had a severe impact on the expansion of the forestry machinery market size. In addition, declining investments in these sectors is foreseen to have a negative impact during the mid-term forecast.
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Key Segments of Forestry Machinery Market Machine
- Skidders
- Forwarders
- Swing Machines
- Bunchers
- Harvesters
- Loaders
- Other Forestry Machinery
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
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More Valuable Insights on Swing Machines Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Swing Machines, Sales and Demand of Swing Machines, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.