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September 2, 2020

Global forestry machine market to witness declining sales due to Covid-19; long-term outlook positive

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 ...

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