Precision Forestry 2020 Global Trends, Market Size, Share, Status, SWOT Analysis and Forecast to 2026 Presents “Global Precision Forestry Market 2019 by Company, Regions, Type and Application, Forecast to 2024” New Document to its Studies Database

The global precision forestry market registered a phenomenal $3.9 billion in the year 2019 and is expected to grow at a compound annual growth rate of 9.0% during the period 2019 to the year 2024. The industry is affected by several leading factors like increasing demand for forestry applications and advanced machinery in the field. Furthermore, the sector receives a continuous push from the government and hence, has attracted the attention of global investors. The rapidly evolving landscape attracts machinery manufacturers and distributors in the field.

When it comes to precision forestry manufacturers, there is a slew of factors that affect the growth prospects of the industry. The increasing automation in the domain, decreasing the cost of advanced machinery, and the rising needs of forestry products have helped the industry grow by leap and bound. The growing awareness among manufacturers has worked in favor of the industry, while the industry is expected to flourish in recent times. Furthermore, the increasing replacement of conventional forestry harvesting equipment has worked out in favor of the industry.

However, despite the advantages, the precision forestry industry is looked at with skeptic's eyes. The lack of disposable income, coupled with limited land sizes, has been hurting the growth prospects of the industry. On the other hand, the lack of awareness, coupled with the massive equipment cost, has hurt the growth prospects of the industry. However, the analysts remain positive about the growth prospects and hence have affirmed of investors all across the globe. The rapidly evolving landscapes have led to the growth of precision forestry products present an inspiring space to match.

Key Players

AGCO Corporation
Komatsu Forest
Galileo Masters
Raven Industries
Oryx Simulators
AG Leader
Decisive Farming
Descartes Labs
Precision Planting
The Climate Corporation

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The global precision forestry market can be segmented on several factors that play a crucial role in the growth of the industry. Each segmentation plays a vital role and allows one to have a clear, unbiased opinion on the same. However, three significant factors based on which the industry can be segmented into are an application, technology, and offers. In terms of use, the industry is segmented into genetics and nurseries, silviculture & forest management, harvesting management, and inventory & logistics management. Based on technology, the global precision forestry management is segmented into cut-to-length, geospatial, and fire detection. Furthermore, based on offering, the industry is segmented hardware, software, and services.

Regional Overview

When it comes to precision forestry, the industry is marked by several factors. The United States plays the leading role due to the increase in demand for industrial round wood accompanied by the constant push by the government. On the other hand, extensive coverage is expected to drive growth further. On the other hand, Europe shows excellent signs of growth too. The Asia Pacific region shows excellent potential also, and is expected to flourish all across the globe.

Industry News

In a recent piece of article, the details of the precision forestry were discussed from the farmers’ point of view. The industry holds key to sustainable growth for the farmers in India.

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Table Of Content:

1 Market Overview
2 Company Profiles
3 Market Competition, by Players
4 Market Size by Regions
5 North America Revenue by Countries
6 Europe Revenue by Countries
7 Asia-Pacific Revenue by Countries
8 South America Revenue by Countries
9 Middle East & Africa Revenue by Countries
10 Market Size Segment by Type
11 Global Market Segment by Application
12 Global Market Size Forecast (2021-2025)
13 Research Findings and Conclusion

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Name: Norah Trent
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Release ID: 88943904