Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Woodworking machinery / China / Europe / Global / North America / Russia
September 2, 2020
Global forestry machine market to witness declining sales due to Covid-19; long-term outlook positive
The global forestry machinery market will witness declining sales in the near term amid the COVID-19 outbreak, but the long-term outlook remains positive. The global forestry machinery market is expected to be valued at over US$4 billion by the end of 2020 and is anticipated to surpass US$6 billion by the end of the forecast period of 2020-2030. However, the COVID-19 pandemic has interrupted the growth of the industrial equipment machinery market due to nationwide lockdowns, leading to a steep fall in the sales of forestry machinery, globally. In addition ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!