Forestry Machinery Sales Influenced by Improved Technological Arrangement During 2018-2028
Verfasser: ashwani_kailiya on Friday, 18 October 2019The study opine that players will witness modest success rate in developed markets, where ROI are expected to be average while the competition remains high. In contrast, developing markets will present relatively greater ROI as well as success rate for the players in the agricultural and forestry machinery market, as these regions witness growing adoption of precision forestry and mechanized practices, while competition remains comparatively low compared to developed markets.
According to a new Fact.MR study, over 12 million units of forestry machinery were sold in 2018, and sales are expected to record over 3% Y-o-Y growth in 2019. The forestry machinery industry has been upheld by a slew of factors, which span from growing adoption of mechanized practices in forest harvesting, to rising trend of leasing & renting services and integration of GPS systems into the machinery.
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This Fact.MR report provides a long-term outlook of the forestry machinery market for the period, 2018 to 2028. The forestry machinery market is projected to record a CAGR of 5% through 2028.