Forestry And Logging Market Overview: Competitor Landscape And Major Player Strategies - By The Business Research Company
LONDON, June 12, 2023 /PRNewswire/ -- As per The Business Research Company's Forestry And Logging Global Market Report 2023, the global forestry and logging market size will grow from $981.7 billion in 2022 to $1083.2 billion in 2023 at a compound annual growth rate (CAGR) of more than 10%. The forestry and logging market size is then expected to grow to $1600.4 billion in 2027 at a CAGR of more than 10%. Going forward, the rising urbanization, the growing investment in construction, the increasing wood consumption and the rising government investments will drive the market growth.
- The forestry and logging market size is then expected to grow to $1600.4 billion in 2027 at a CAGR of more than 10%.
- The forestry and logging market is highly fragmented, with a large number of small players.
- Innovations in forestry equipment are gaining traction in the forestry and logging market.
- The Business Research Company recommends players in the forestry and logging market to strategies such as strengthening business operations through business expansions, enhancing portfolio of premier quality timberland assets and expanding operational capabilities through strategic acquisitions.