Global Precision Forestry Market to be Driven by increasing mechanisation of forestry operations in the Forecast Period of 2021-2026

Posted By : mathewwilliams on 2021-11-28   20:07:23    United States
  Poly-Vent Market | Global Poly-Vent Industry Report Size Share Growth Price Analysis Trends Outlook and Forecast 2021-2026

Description

The new report by Expert Market Research titled, ‘Global Precision Forestry Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives in-depth analysis of the global precision forestry market, assessing the market based on its segments like component, technology, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/precision-forestry-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026): -

• Historical Market Size (2020): USD 4 Billion
• Forecast CAGR (2021-2026): 8.8%
• Forecast Market Size (2026): USD 6.6 Billion

In the coming years, the global precision forestry market is expected to grow at a rapid rate. This is primarily due to the growing popularity of cut-to-length harvesting technology, which makes it easier to cut trees. Furthermore, growing demand for wood across various industry sectors is expected to propel the global precision forestry market forward. Precision forestry entails the use of cutting-edge technologies to complete time-consuming forestry tasks. Factors such as increased mechanisation of forestry operations, lower costs of advanced monitoring and surveillance technology, the demand for forestry products, and increased government support for the adoption of modern forestry techniques to combat illegal logging are expected to drive the global precision forestry market in the coming years.

Industry Definition and Major

Precision forestry is the process of preparing, executing, and monitoring forest management practises and operations in order to enhance the quality of wood products, minimise waste, maximise profits, and protect the environment. Precision forestry has the potential to change the forestry industry by making it more cost-effective and reliable, which is driving the precision forestry market forward.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/precision-forestry-market

On the basis of the component, the precision forestry market is divided into:

Services
Software
Hardware

Based on technology, the industry can be segmented into:

• CTL
Geospatial
• Fire Detection

The industry can be broadly categorised based on its applications into:

• Genetics and Nurseries
• Silviculture and Fire Management
• Harvesting Management
• Inventory and Logistics Management

Based on region, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The market size is expected to grow at a faster rate over the forecast period due to increased adoption of forest mapping technologies such as Global Positioning Systems (GPS), Internet of Things (IoT), and remote sensing to keep track of the changing forest environment. Precision forestry allows for the transition from conventional forestry practises to more cost-effective and environmentally sustainable forest management techniques, resulting in more profitable forest resource management. The use of IoT sensors in forestry applications is growing because they enable forest authorities to gather useful information about forest resources. It also increases their data collection capabilities and gives them more power over forest operations. Precision forestry helps foresters make better management decisions by allowing them to collect accurate data on forest cover. Precision forestry market growth is fueled by the increasing use of Unmanned Aerial Vehicles (UAVs)/drones in measuring the size of wood chip piles, which aids in determining whether trees recently planted on FSC-certified land are growing well. The precision forestry market is projected to be dominated by North America. This is mostly due to the high degree of mechanisation of forestry operations in countries like the United States and Canada. Furthermore, the region's extensive forests, rising demand for industrial round wood, and increasing replacement of old forestry harvesters are expected to boost the precision foretry market in the coming years.

Key Market Players

The major players in the market are Deere & Company (NYSE: DE), Ponsse Plc, Komatsu Forest, Treemetrics, Rottne, Sampo-Rosenlew Oy, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.




About Author

mathewwilliams Sheridan United States
My name is Mathew Williams work for Expert Market Research as a senior SEO executive. More info you can visit our company website - https://www.expertmarketresearch.com/

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