Forestry Equipment Market Expected to Reach $10.6B by 2025

Lucintel's latest market report has stated that the future of the forestry equipment market looks promising, with opportunities in felling, extracting and on-site equipment. The global forestry equipment market declined in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $10.6 billion by 2025 with a CAGR of 3 percent to 5 percent from 2020 to 2025, according to the report....

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