Forestry Machinery Market Report 2026

The forestry machinery market size has grown strongly in recent years. It will grow from $9.95 billion in 2025 to $10.45 billion in 2026 at a compound annual growth rate (CAGR) of 5%. The growth in the historic period can be attributed to expansion of commercial logging activities, growth of timber demand, increasing mechanization in forestry operations, availability of high-power forestry machinery, development of logging infrastructure.

The forestry machinery market size is expected to see strong growth in the next few years. It will grow to $13.09 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increasing adoption of electric and hybrid forestry machines, rising demand for precision harvesting solutions, expansion of sustainable forestry practices, growing integration of telematics in forestry equipment, increasing investment in low-emission machinery. Major trends in the forecast period include mechanized logging operations, adoption of hybrid forestry equipment, precision timber harvesting systems, high-capacity forwarding machinery, enhanced operator safety features.

The rising demand for wood and wood products is driving the growth of the forestry machinery market. Wood products include items or materials made from or derived from wood. Forestry machinery primarily facilitates the clear-cut production of wood, harvesting timber from forests using equipment such as loggers and harvesters, which significantly eases large-scale forestry operations. For example, in September 2025, the UK Forestry Commission, a UK-based government agency, reported that in 2023 approximately 3.9 billion m³ of wood was removed globally, with around 50% used as woodfuel and the remainder as industrial roundwood, producing 445 million m³ of sawnwood, 381 million m³ of wood panels, and 401 million tonnes of paper or paperboard. Thus, the increasing demand for wood and wood products is propelling the forestry machinery market.

Leading companies in the forestry machinery market are focusing on innovative solutions, such as multi-pump hydraulic systems, to improve efficiency, stability, and precise handling on uneven terrain. Multi-pump hydraulic systems use multiple hydraulic pumps to provide higher output for boom and drive operations, while active frame lock stabilizes the machine frame during heavy lifting or slope operations, enhancing safety and performance. For instance, in April 2024, Deere & Company, a US-based manufacturer of agricultural, construction, and forestry machinery, launched its H Series harvesters and forwarders. This line, including the 1270H and 1470H harvesters and 2010H and 2510H forwarders, features increased engine power, advanced hydraulics, improved stability, and ergonomic cabins. Deere & Company’s H Series aims to boost productivity, fuel efficiency, and operator comfort, addressing the evolving needs of modern forestry operations.

In June 2023, DC Equipment Ltd., a New Zealand-based logging equipment manufacturer, acquired Madill, Inc. for an undisclosed amount. Through this acquisition, DC Equipment sought to integrate Madill’s century-old legacy brand and intellectual property to strengthen its presence in global steep-slope and cable logging markets, while expanding its product portfolio and geographic reach. Madill Inc., based in Canada, specializes in manufacturing forestry and logging machinery.

Major companies operating in the forestry machinery market are John Deere, Komatsu Ltd., Caterpillar Inc., Tigercat International Inc., Ponsse Plc, Rottne Industri AB, Eco Log Sweden AB, Logset Oy, Vimek AB, Barko Hydraulics LLC, Bell Equipment Company SA (Pty) Ltd., Sennebogen LLC, Link-Belt Excavators, Morbark LLC, Terex Deutschland GmbH, Tanguay Machinery, Kesla Oyj, Sampo Rosenlew Ltd., HSM Maschinenbau GmbH, Albach Maschinenbau GmbH, Peterson Pacific Corp., Bandit Industries Inc.

Europe was the largest region in the forestry machinery market in 2025.Asia-Pacific is expected to be the fastest-growing region in the global forestry machinery market report during the forecast period. The regions covered in the forestry machinery market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the forestry machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The forestry machinery market consists of sales of mulchers, delimbers, chippers, and excavators. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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