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October 14, 2016

World demand of forestry machinery to surge 4.5% annually by 2019

World demand for forestry equipment (including both purpose-built and converted machinery) is forecast to rise 4.5 percent annualy to US$9.3 billion in 2019. This will represent a moderation from the 2009-2014 pace of increase, a period during which market gains were bolstered by a rebound in roundwood production from lows posted during the 2009 global recession, as well as by the institution of new engine emissions standards in European Union (EU) and US.

According to a new Freedonia report,

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