The global
Forestry Equipment Market size was valued at USD 9.2 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2020 to 2027. The increasing focus on forest management activities coupled with the growing investments across the forestry sector is anticipated to augment the product demand over the forecast period. Various government policies concerning afforestation are resulting in the product adoption for the thinning method that improves forest health by promoting environmental sustainability.
