Forestry Trailers Market by Trailer Bed (Flatbed Trailers and Stepdeck Trailers), The combination of flatbed trailers drawn by semi-trucks is gaining popularity in the Forestry Trailers Industry.
Industry: Automotive
Published Date: February-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 194
Report ID: PMRREP29647
According to the latest market study published by persistence market research, demand for Forestry Trailers is estimated to grow with a steady growth rate of 3.5% during 2023 to 2033 period.
|
Forestry Trailers sales (2022A) |
US$ 171.3 Million |
|
Forestry Trailers Demand (2023E) |
US$ 177.3Million |
|
Forestry Trailers Market Projections (2033F) |
US$ 249.5 Million |
|
Value CAGR (2023-2033) |
3.5% |
|
Collective Value Share: Top 3 Countries (2023E) |
30-35% |
The forestry trailer sales market is expected to remain consistent in the coming years. Timber demand has been steadily increasing due to higher wood output from global tree plantations and increased construction activities. This leads to increased need for transportation of timber from remote areas, which requires specialized trailers.
Manufacturers have responded to this surge in demand by producing innovative trailers that can be used for bulk transport of timber, using options such as collapsible sides and adjustable ramps. These designs are intended to make transportation of timber easier and safer, while also providing greater efficiency in loading and unloading operations.
Wildfires and environmental activists have had a major impact on forestry output. With stricter regulations imposed to protect natural resources, the industry has been hard pressed for its ability to produce products from forests. As forests are burned or taken away due to the pressures of climate change and conservation efforts, fewer resources are made available for harvesting timber and other production processes.
In 2022, the market for forestry trailers has been hampered by the sharp increase in the frequency of forest fires. Morocco. 500 households were forced to leave Larache and Taza in July 2022 due to heat wave-caused wildfires. An area of woodland of over 3,700 acres was cleared. In 2020, bushfires in Australia destroyed about 30,000 square kilometres of land. These frequent occurrences create real challenges for forestry trailers industry players and slow progress in the sector.
The expansion of the wood market is reflected in the industry's continual innovations in timber harvesting, driving up the need for forestry trailers that can be used in a variety of harvesting settings. The combination of flatbed trailers drawn by semi-trucks is gaining popularity in the forestry trailers industry due to its adaptability in the transportation of stackable items.
According to this report, the landscape of the forestry trailers market is severely influenced by the volatility of the forestry sector, In order to succeed in the market, forestry trailer producers will need to provide customers with support even after they've bought their product, such as regular maintenance and repairs. With the entrance of major automakers from across the world, the forestry trailer industry will need to respond by releasing new models with innovative specifications in order to keep up with the demands of its customers. Companies in the forestry trailers market may find success by tailoring their products to the requirements of high-end customers in industries including paper and pulp production, building construction, and energy production.
According to PMR's research, flatbed forestry trailers accounted for eight out of every ten sales of forestry trailers in 2021, and this proportion was expected to rise. Research also predicts that high-payload forestry trailers (those capable of hauling 8 to 12 tonnes) would make up 45% of the market by 2025. Some projections put the global timber market's size at four times its current size by 2050, with rising demand for timber serving as the driving force behind this expansion.
What is the market scenario for Forestry Trailers in the European region countries market?
Densely wooded regions of Europe are a promising investment and expansion target. In Europe, governments and businesses have taken remarkable steps to mitigate the effects of climate change on the environment. The demand for and sales of forestry trailers are rising in Europe despite the continent's restrictive regulatory frameworks, most of which include forests and forest-related laws. European Union (EU) governments have prioritised developing a comprehensive forest management strategy to increase the EU's share of the world's wooded area in future periods. A growing number of forestry trailer producers are looking to Europe, specifically, the Czech Republic, the Netherlands, Luxembourg, Portugal, and Denmark, to take advantage of the region's booming forestry industry.
The forestry trailers market in Europe is expected to expand in the next years as a result of rising interest in the EU's forest action plan and other forestry-related activities and environmental functions in the area. While the European market for forestry trailers is projected to remain the most profitable, the American industry is showing signs of being the second most profitable. It is projected that the forestry trailers industry would thrive in Latin America due to the region's extensive forest resources, particularly in the Amazon sub-region. In small nations like Estonia, where over half of the country's total area accounts for the forest, the market with an abundance of forestry resources is predicted to be the primary market of forestry trailer makers. The major markets for forestry trailers are the countries in the ASEAN region and beyond, including Russia, Brazil, and Canada.
What is the demand outlook for Forestry Trailers in Russia?
The global market for forestry trailers is expected to be led by Russia in the near future. It is expected that Russia would maintain its dominant position in the global market for forestry trailers. Many companies are working to strengthen their positions as industry leaders in the Russian market by expanding their client base and expanding their distribution networks.
Russia is expected to be a significant market throughout the projection period due to its evident potential and consequent prospects. Russia is predicted to become the most significant country in the global forestry trailers market, capturing a large portion of the industry and establishing the country's position as the global leader.
What is the demand outlook for Forestry Trailers in the U.S.?
The leading companies in the forestry trailers industry are concentrated in Europe but are present in the Americas, where they generate around 25% of total sales. The market share of major forestry trailer producers including Palmse Mehaanikakoda Ou, Kesla Oyj, Dennison Trailers Ltd, and Jyki Oy is expanding due to the introduction of new, ground-breaking trailers and semi-trailers.
The forestry trailer market in North America is expected to grow with the help of multinational corporations with a foothold in the region. The market for forestry trucks in North America will grow rapidly if this happens. Only the majority of the Middle East and African market offers any hope to regional producers, and even that market is small compared to the rest of the world.
What is the demand outlook for Forestry Trailers in the payload segment?
End users will probably prefer payload capacities of 10–12 tonnes and 12–15 tonnes. In terms of payload capacity, the market is split into six subsegments, including those with a 1–5 tonne, 5–8 tonne, 8–10 tonne, 10–12 tonne, 12–15 tonne, and greater than 15–ton capability. The 10–12 tonne and 12–15 tonne ranges are likely to be particularly lucrative for market participants. Trailers with a totally flat bed are classified as part of the flatbed market, whereas trailers with one or two steps on the bottom bed are classified as part of the step-deck market. The flatbed market sector is expected to maintain its position of the global market and grow at a promising CAGR of 4% during the forecast period, in terms of both value and volume. To the extent of over 40% of the global market, with the above 15-ton category holding a negligible proportion due to high prices and a lack of suppliers. The 1–5 tonne sector is anticipated to account for a small share of the forestry trailers market, while the 1–10 tonne and 10–12 tonne segments are estimated to hold decent shares of the overall market.
The current innovation is a product of mechanical engineering, and more specifically, it relates to forestry trailers used to transport various bulky items, in particular sliced timbers. The innovation is a mechanical structure for shielding the forestry trailer's spikes (handles). A growing number of small and medium-sized enterprises (SMEs) are joining the forestry trailers market as a result of the recent ecological and socio-economic trends that have boosted the expansion of the wood sector. About three-quarters of the market's revenue comes from regional players and new companies including B.W.S. Manufacturing Ltd., HT Enerco Oy, Predator Trailers, and Woody Equipment, Inc. With the major focus being on the introduction of new forestry trailers at affordable costs, small enterprises and local firms are expanding through alliances with other small players in the forestry trailers sector. It has become a successful tactic for both established competitors and new entrants in the forestry trailer market to focus on the development of innovative new features.
Kesla Oyj, a Finnish producer of tractor equipment, has shown a new bioenergy platform designed for use with a logging trailer. When not in use, the KESLA forestCOMBI platform is simply an attachment that may be removed. A hydraulic tailgate and a tipper are included in its 23 m3 capacity. The trailer's platform allows it to be used for more than only logging, even in non-forest settings.
Industry leaders are also concentrating on releasing a diverse selection of forestry trailers to cater to the needs of different customers. The high price of new forestry trailers from industry leaders is one of the main constraints limiting their widespread adoption. The binding structure of a forestry wood collecting and transporting device is presented as patent, and the invention applies to the technological field of wood collecting and transporting devices.
|
Attribute |
Details |
|
Forecast Period |
2023 to 2033 |
|
Historical Data Available for |
2017 to 2022 |
|
Market Analysis |
|
|
Key Countries Covered |
|
|
Key Segments Covered |
|
|
Key Companies Profiled |
|
|
Report Coverage |
|
|
Customization & Pricing |
Available Upon Request |
By Trailer Bed:
By Payload Capacity:
By Operation:
By Region:
To know more about delivery timeline for this report Contact Sales
The global market of Forestry Trailers is reported to reach a valuation of US$ 171.3 Million in 2022.
The global market of Forestry Trailers is estimated to reach a valuation of US$ 177.3 Million in 2023.
The global market of Forestry Trailers is expected to reach a valuation of US$ 249.5 Million in 2023.
The Forestry Trailers demand is anticipated to witness a growth rate of 3.5% over the forecast period of 2023 and 2033 in terms of value.
According to PMR analysis, JPM Trailers, Chieftain Trailers, B.W.S. Manufacturing Ltd, Palmse Mehaanikakoda Ou, Stepa Farmkran Gesellschaft M.B.H., Scandicon OÜ, Kesla Oyj, Pitts Trailers, Kranman AB, BELL Equipment, Industrias Guerra, S.A., Kellfri, Trejon AB, STEPA Farmkran GmbH, AS FORS MW, Fuelwood (Warwick) Ltd., Kesla Oyj and others are identified as the key manufacturers in the Forestry Trailers Market.
Key players in the global Forestry Trailers Market are expected to collectively account for about 70-75% of the overall market share.
The top demand driving the global Forestry Trailers are in Russia and European Countries.
