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Australian Forest and Timber News Network (timberbiz) June 25, 2021: The latest report recently released by Global Market Insights (GMI) shows that with the market’s increasing demand for waste particleboard and recycled wood utilization, and Consumers' awareness of environmentally friendly forest products produced from waste wood is constantly improving, and the global forestry equipment market will usher in high growth. The GMI report predicts that by 2027, the global forestry equipment market will exceed 13 billion U.S. dollars.

Due to the high cost of new equipment, compared with the purchase of new equipment, the forestry industry has a higher demand for forestry equipment leasing. In the future, as the market gradually opens up and the economic situation stabilizes, the forestry equipment market will grow steadily. On the whole, the Asia-Pacific region has higher requirements for the efficiency and maintenance cost of forestry equipment. Therefore, the trend of leasing forestry equipment for production is becoming more and more obvious. In order to solve the problem that non-technical personnel cannot operate advanced forestry equipment, many leasing companies have begun to provide equipment operation training services, which will accelerate the development of the forestry equipment leasing industry.

Chain saws are used more and more widely in commercial forest logging, which is driving the development of the forestry equipment market. At the same time, the application of chain saws in household scenes is becoming more and more common, mainly used in pruning, pruning, and cutting wood into pieces for fuelwood. The increase in the use of chainsaws and the launch of various new products are strengthening the market's demand for forestry equipment.

Other important findings in the GMI report on the forestry equipment market include: 1) Cloud computing solutions and Internet of Things technology have implemented integrated applications in log harvesters, forwarders and skidders. High-tech is boosting the forestry equipment market. Development; 2) The emergence of telematics technology can help users track the productivity of forestry equipment in real time; 3) The improvement of European and American engine standards provides a guarantee for the development of the forestry equipment market. Forestry equipment manufacturers are launching forestry equipment with advanced engines. At the same time, it is guaranteed that it is both efficient and economical; 4) Forestry equipment is more and more widely used to collect logs and sawn timber for households; 5) The government continues to increase investment in large-scale public infrastructure construction, which will Drive the huge demand for forestry equipment for clearing large areas of land; 6) The increasing forest management and tending activities in Latin America will promote the demand for large-scale forestry equipment in the regional market; 7) Increase in the production of wood and non-wood forest products It is creating opportunities for the forestry equipment leasing industry.

The outbreak of the new crown epidemic has adversely affected the global economic situation, and the forestry equipment market has also been hit hard. The epidemic has caused the financial situation of some forestry companies to tighten or the financial crisis intensified, which has further hindered the sales of new forestry equipment.

GMI predicts that this unfavorable situation is expected to usher in a turning point in the post-epidemic period. At present, the major players in the global forestry equipment market include: Ponsse, Hitachi Construction Machinery, Tigercat and Husqvarna. These companies are actively investing in equipment R&D and innovation to strengthen the performance of their various forestry equipment products and achieve functional diversification.