COVID-19 Impact Report: Global Forestry Equipment

The global forestry equipment industry is facing a number of challenges as it deals with the impact of the COVID-19 pandemic. How has the macroeconomic environment changed and what does it mean for the global forestry equipment industry going forward?

COVID-19 Economic Impact Report: Global Forestry Equipment looks at how the expected impact of the pandemic on the current macroeconomic environment compares to other major events since 2000, including the bursting of technology bubble, the SARS outbreak, the 2009 global downturn, and the European financial crisis. It also provides a historical view of global industry sales since 2000, a look at how the industry is being currently impacted, and estimates for global sales through 2023.

 Global Forestry Equipment

This report includes both purpose-built forestry machinery and agricultural and construction equipment adapted for use in forestry applications. The following types of products are covered:

  • felling equipment (chainsaw, harvesters, and feller bunchers and other felling equipment)
  • extracting equipment (e.g., forwarders, skidders, cable yarding systems, farm tractors, shovel loggers, all-terrain vehicles, helicopters, combination machines)
  • on-site processing equipment, including chippers and grinders, delimbers, slashers, and wood splitters
  • other forestry equipment (e.g., loaders, mulchers, dozers and other logging site preparation machinery, brushcutters, scarifiers, tree planting machines, spreaders/sprayers, slash bundlers)
  • separately sold parts and attachments (including harvesting and other cutting heads; saw chain, guide bars, blades, and teeth)

Excluded are chainsaws and harvesters used to delimb and buck trees at the stump immediately after felling them, as is machinery used to process wood at sawmills and other off-site locations.

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