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Forestry Cranes Market By Boom Type (A-Line Boom, L-Line Boom, Z-Line Boom) – Growth, Future Prospects & Competitive Analysis, 2018 – 2026

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Increasing mechanization of forestry operations and technological advancement will drive the market for forestry cranes globally.

The global forestry cranes market was valued at US$ 850.4 million in 2017 and is expected to grow at a CAGR of 4.8% from 2018 to 2026. The demand for forestry cranes is primarily dependent on the growth in demand for forestry products such as wood pellets and timbers used in industrial and construction applications. Continuous developments in crane technology to improve the efficiency of forestry operations are also expected to support market growth over the forecast period from 2018 to 2026. In addition, the rising demand for forest biomass globally also represents a positive outlook for the forestry crane market.

Product characteristics for truck-mounted forestry cranes vary with regional considerations. North America and Europe have developed markets that are influenced by the quality of products. The purchasing decisions of buyers in these regions are strongly influenced by the efficiency of crane systems in terms of fuel consumption and output. Minimizing operational costs is a major decision for buyers of this machinery. Rising fuel prices are becoming a major element of operating costs for forestry machinery operators and contractors.

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Due to stringent labor regulations to improve workers’ safety and reduce CO2 emissions, buyers are increasingly investing in advanced solutions. Thus, fuel efficiency has become an important criterion in the selection of forestry truck-mounted cranes. Another important criterion in selection is the life of the machinery. Buyers in North America and Europe prefer truck-mounted cranes that have an average life of at least 16 to 18 years and require less maintenance throughout their lives. As the initial purchase cost of truck-mounted cranes is very high, credit availability also plays a crucial role in the purchasing decision. In addition, buyers also give significant priority to service capabilities and the availability of replacement parts.

Russia, South America, and Southeast Asia are price-sensitive markets compared to North America and Europe. The buying decision for forestry truck-mounted cranes is strongly influenced by the price of the machinery. Products and suppliers are categorized based on price. However, with the rising importance of reducing overall operating costs, contractors and individual buyers are shifting their interest towards advanced machinery to improve their operational efficiency and reduce costs.

Market Synopsis

Hydraulic and premium-efficiency cranes are outpacing market growth in developed markets.

Product characteristics for forestry cranes vary with regional considerations. North America and Europe have developed markets that are influenced by the quality of products. The purchasing decisions of buyers in these regions are strongly influenced by the efficiency of crane systems in terms of fuel consumption and output. Minimizing operational costs is a major decision for buyers of this machinery. Rising fuel prices are becoming a major element of operating costs for forestry machinery operators and contractors.

Due to stringent labor regulations to improve workers’ safety and reduce CO2 emissions, buyers are increasingly investing in advanced solutions. Thus, fuel efficiency has become an important criterion in the selection of forestry cranes. Another important criterion in selection is the life of the machinery. Buyers in North America and Europe prefer forestry cranes that have an average life of at least 16 to 18 years and require less maintenance throughout their lives. As the initial purchase cost of truck-mounted cranes is very high, credit availability also plays a crucial role in the purchasing decision. In addition, buyers also give significant priority to service capabilities and the availability of replacement parts.

Russia, South America, and Southeast Asia are price-sensitive markets compared to North America and Europe. The cost of forestry cranes has a significant impact on the purchasing decision. Products and suppliers are categorized based on price. However, with the rising importance of reducing overall operating costs, contractors and individual buyers are shifting their interest towards advanced machinery to improve their operational efficiency and reduce costs.

Full-tree and tree-length harvesting are commonly used tree harvesting processes in North America. The tree is handled in its entirety throughout the harvesting process in this method. So, long truck-mounted cranes are mostly preferred in the region for loading and transportation of trees from the forest to the workshop. Most of the small contractors in North America still prefer powerful, big, and solid machines.

However, the cut-to-length (CTL) process is rapidly gaining popularity in Canada and urban areas of the U.S. due to its benefits, such as less environmental impact, lower fuel consumption, etc. This is increasing the demand for short-wood and lightweight truck-mounted cranes in the region. Furthermore, lightweight truck-mounted cranes are increasingly being used in the tree-length forestry process because they improve haulers’ operations by reducing trailer length when compared to heavy pieces of machinery.

Cranes with hydraulic technology are mostly preferred by buyers as they offer higher lifting power, efficiency, and flow compared with other types of cranes. Buyers in North America select truck-mounted forestry cranes depending on their loading capacity. The following table represents the most preferred product specifications for forestry truck-mounted cranes in North America.

Developing advanced timber handling solutions and market collaboration are two of the major strategies of leading players.

Leading forestry crane manufacturers are focusing on market collaboration and developing advanced solutions to maintain their shares in the global competitive environment. Major players focus on strategic partnerships and collaboration with organized players and local vendors in the emerging forestry market. This has led to several collaborations, mergers, and acquisitions among manufacturers. For example, in 2012, Palfinger Epsilon Inc. and Caterpillar signed an agreement to enter the North American Forestry Truck Mounted Market.

To outperform competitors, key players pursue the strategy of meeting customer requirements by developing new technologies and innovative solutions with a distinct competitive advantage. Manufacturers consistently invest in R&D (research and development) and concentrate on setting new standards and increasing the pace of their new product development to achieve their growth objectives.

Periods of History and Forecast

This research study provides an analysis of each segment (boom type and regional market) from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2018 to 2026.

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Key questions are answered in this report.

  • What is the global market size of forestry cranes?
  • What are the key investment areas in the global forestry crane industry?
  • Which are the leading trends and dynamics influencing the growth of the global forestry crane industry?
  • Who are the dominant players, and what are their winning strategies in the global market?
  • What are the key developments in forestry crane technology?
  • Which is the largest and most potential market for forestry cranes?
  • Who are the leading players in each regional market?

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
1.3.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global FC Market
2.2 Global FC Market, By Boom Type, 2016 (US$ Mn)
2.3 Global FC Market, By Geography, 2016 (US$ Mn)

Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global FC Market Revenue and Volume, 2016 – 2026, (US$ Mn) (Units)
3.2 Key Trends and Future Outlook
3.3 Market Drivers
3.4 Market Challenges
3.5 Impact Analysis of Drivers and Restraints
3.6 Attractive Investment Proposition
3.6.1 Attractive Investment Proposition, By Geography, 2016

Chapter 4 Global Forestry Cranes (FC) Market, By Boom Type
4.1 Overview
4.2 A-Line Boom
5.2.1 Global A-Line FC Market Revenue and Volume, 2016 – 2026, (US$ Mn) (Units)
4.3 L-Line Boom
5.3.1 Global L-Line Boom Cranes Market Revenue and Volume, 2016 – 2026, (US$ Mn) (Units)
4.4 Z-Line Boom
5.4.1 Global Z-Line Boom FC Market Revenue and Volume, 2016 – 2026, (US$ Mn) (Units)

Chapter 5 North America Forestry Cranes (FC) Market Analysis
5.1 Overview
5.2 North America FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn and Units)
5.2.1 Comparative Analysis
5.3 North America FC Market Analysis, By Country, 2016 – 2026 (US$ Mn and Units)
6.3.1 Comparative Analysis

Chapter 6 Europe Forestry Cranes (FC) Market Analysis
6.1 Overview
6.2 Europe FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn and Units)
6.2.1 Comparative Analysis
6.3 Europe FC Market Analysis, By Country, 2016 – 2026 (US$ Mn and units)
6.3.1 Comparative Analysis

Chapter 7 Asia Pacific Forestry Cranes (FC) Market Analysis
7.1 Overview
7.2 Asia Pacific FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
8.3.1 Comparative Analysis
7.3 Asia Pacific FC Market Analysis, By Country, 2016 – 2026 (US$ Mn)
7.3.1 Comparative Analysis

Chapter 8 Rest of the World (RoW) Forestry Cranes (FC) Market Analysis
8.1 Overview
8.2 RoW FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
8.2.1 Comparative Analysis
8.3 RoW FC Market Analysis, By Country, 2016 – 2026 (US$ Mn)
8.3.1 Comparative Analysis

Chapter 9 Company Profiles
9.1 Altec
9.1.1 Altec: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
9.2 Cargotec.
9.2.1 Cargotec: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
9.3 Bonfiglioli Group
9.3.1 Bonfiglioli Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
9.4 Palfinger Epsilon.
9.4.1 Palfinger Epsilon.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
9.5 Tamtron Group
9.5.1 Tamtron Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
9.6 Bell Equipment
9.6.1 Bell Equipment: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
9.7 Kesla Ag
9.7.1 Kesla Ag: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
9.8 Link Belt
9.8.1 Link Belt: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
9.9 V-Kran
9.9.1 V-Kran: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

List of Figures

FIG. 1 Global Forestry Cranes (FC) Market Classification
FIG. 2 Global FC Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global FC Market, By Boom Type, 2017 (US$ Mn)
FIG. 5 Global FC Market, By Boom Type, 2016 (US$ Mn)
FIG. 6 Global FC Market, By Geography, 2017 (US$ Mn)
FIG. 7 Global FC Market Revenue, 2016 – 2026, (US$ Mn)
FIG. 8 Global Population and Agricultural Production, 2006 – 2016
FIG. 9 See-Saw Analysis : Global FC Market
FIG. 10 Attractive Investment Proposition of Forestry Cranes by Geography, 2017
FIG. 11 Value Chain Analysis – Forestry Cranes Industry
FIG. 12 Market Positioning of Key Forestry Cranes Providers, 2017
FIG. 13 Global FC Market, By Boom Type, 2017 and 2026 (%)
FIG. 14 Glolabl A-Line FC Market, Revenue and Volume, 2016 – 2026, (US$ Mn) Units
FIG. 15 Global L-Line Forestry CranesMarket, Revenue and Volume, 2016 – 2026, (US$ Mn) (Units)
FIG. 16 Global Z-Line FC Market, Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 17 North America FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 18 U.S. FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 19 Rest of North America FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 20 Europe FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 21 UK FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 22 Germany FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 23 France FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 24 Rest of Europe FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 25 Asia Pacific FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 26 China FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 27 Japan FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 28 India FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 29 Rest of Asia Pacific FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 30 Rest of the World FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 31 Latin America FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)
FIG. 32 Middle East and Africa FC Market Revenue , 2016 – 2026, (US$ Mn) (Units)

List of Tables

TABLE 1 Market Snapshot: Global Forestry Cranes (FC) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
TABLE 5 North America FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 6 U.S. FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
TABLE 7 U.S. FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 8 Rest of North America FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
TABLE 9 Rest of North America FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 10 Europe FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
TABLE 11 Europe FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 12 UK FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
TABLE 13 UK FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 14 Germany FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
TABLE 15 Germany FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 16 France FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 17 France FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
TABLE 18 Rest of Europe FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
TABLE 19 Rest of Europe FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 20 Asia Pacific FC Market Analysis, By Type, 2016 – 2026 (US$ Mn)
TABLE 21 Asia Pacific FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 22 China FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
TABLE 23 China FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 24 Japan FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
TABLE 25 Japan FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 26 India FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
TABLE 27 India FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 28 Rest of Asia Pacific FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
TABLE 29 Rest of Asia Pacific FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 30 Rest of the World FC Market Analysis, By Type, 2016 – 2026 (US$ Mn)
TABLE 31 Rest of the World FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 32 Latin America FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
TABLE 33 Latin America FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 34 Middle East and Africa FC Market Analysis, By Boom Type, 2016 – 2026 (Units)
TABLE 35 Middle East and Africa FC Market Analysis, By Boom Type, 2016 – 2026 (US$ Mn)
TABLE 36 Altec.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 37 Cargotec..: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 38 Bonfiglioli Group.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 39 Palfinger Epsilon: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 40 Tamtron Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 41 Bell Equipment: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 42 Kesla Ag: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 43 Link Belt: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 44 V-Kran Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

Frequently Asked Question:

What is the size of Forestry Cranes Market?

The market for Forestry Cranes Market is expected to reach USD$ 850.4 Mn in 2026.

What is the Forestry Cranes Market CAGR?

The Forestry Cranes Market is expected to see significant CAGR growth over the coming years, at 4.8%.

What is the Forecast period considered for Forestry Cranes Market?

The report is forecasted from 2018 -2026.

What is the base year considered for Forestry Cranes Market?

The base year of this report is 2017.

Who are the major players in this market?

Altec, Cargotec., Bonfiglioli Group, Palfinger Epsilon., Tamtron Group. are some of the major players in the global market.

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