The global precision forestry market is estimated to be around $ 700 million in 2018 and will grow at a CAGR of 15% and reach around 1.40 billion by 2023. Precision forestry refers to the planning and conducting site-specific forest management activities and operations in order to improvise wood product quality and utilization, thereby helping in reducing waste, and increasing profits, to maintain the quality of the environment.
Precision Forestry plays a major role in developing tools to find the best wood in existing forests and trees. It also provides the know how to grow better wood in the first place. With the advent of new technologies being developed, it assists in evaluating forests at a macro-level, enhance the ability to estimate stand volumes, and measure the properties of individual trees and logs. These tools should results into greater profitability as higher value wood can be allocated to higher value markets. However, some factors restraining the growth of the precision forestry market includes the high initial investment coupled with lack of technical knowhow among forestry management.
Although digital technology has revolutionized industries worldwide, forestry has witnessed a sluggish growth in terms of adoption of new technology. However, digitization has started transforming the landscape of forestry. Studies revealed that productivity increased in the agriculture sector at rates of 5 to 25 percent annually, in sync with the returns on investment of one to two years for digital technology.
Precision forestry market is segmented on the basis of technology that comprises remote sensing, navigation system, real time process control scanner, and geographic information system. Geographic information systems are expected to witness rapid growth during the forecast period. Growth of this technology is supported by the growing trend of adoption of decision support systems as it provides more accurate (realistic) information. GIS, GPS and remote sensing technologies, offer adequate resources to gain precision data with additional accuracy of information used for decision.
Based on application, precision forestry can be classified on the basis of tree identification, wood material testing, soil testing, field mapping, inventory management, and others. Precision forestry is expected to witness large application in the wood material testing application. Precision forestry tools make future operation more economically viable, hence reduce cost burden and comply with environment demands. Precision forestry is an essential tool that ensures sustainable management of forest and renewable resources. Its ability to improve productivity of forest, long-term planning, global and crop inventory, planning of road network (hauling road, skid trail), sustainable utilization of renewable resources with reduced negative environmental consequences is expected to boost the market growth in near future.
The ecosystem of the precision farming market comprises several technology providers that includes Trimble (US), Deere & Company (US), AGCO Corporation (US), AgJunction (US), Raven Industries (US), AG Leader (US), Precision Planting (US), The Climate Corporation (US), Descartes Labs (US), ec2ce (Spain), Gamaya (Switzerland), and Decisive Farming (Canada). Strategies such as new product developments, mergers, partnerships, collaborations, and expansions, are devised by market players to develop an edge over competitors.
Table of Contents
1 Precision Forestry Market Overview
1.1 Precision Forestry Product Overview
1.2 Precision Forestry Segment by Types (Product Category)
1.2.1 Global Precision Forestry Sales and Growth (%) Comparison by Types (2013-2025)
1.2.2 Global Precision Forestry Sales Market Share (%) by Technology in 2018
1.2.3 Remote Sensing
1.2.4 Real Time Process Control Scanner
1.2.5 Geographic Information System
1.3 Global Precision Forestry Segment by Applications
1.3.1 Global Precision Forestry Sales Comparison by Applications (2013-2025)
1.3.2 Wood Material Testing
1.3.3 Soil Testing
1.3.4 Field Mapping
1.3.5 Inventory Management
1.3.6 Others
1.4 Global Precision Forestry Market by Regions (2013-2025)
1.4.1 Global Precision Forestry Market Size and Growth (%) Comparison by Regions (2013-2025)
1.4.2 North America Precision Forestry Status and Prospect (2013-2025)
1.4.3 Asia-Pacific Precision Forestry Status and Prospect (2013-2025)
1.4.4 Europe Precision Forestry Status and Prospect (2013-2025)
1.4.5 South America Precision Forestry Status and Prospect (2013-2025)
1.4.6 Middle East and Africa Precision Forestry Status and Prospect (2013-2025)
1.5 Global Precision Forestry Market Size (2013-2025)
1.5.1 Global Precision Forestry Revenue (Million USD) Status and Outlook (2013-2025)
1.5.2 Global Precision Forestry Sales Status and Outlook (2013-2025)
2 Global Precision Forestry Market Competition by Manufacturers/Brand
2.1 Precision Forestry Market Competitive Situation and Trends
2.1.1 Precision Forestry Market Concentration Rate
2.1.2 Precision Forestry Market Share (%) of Top 3 and Top 5 Manufacturers
2.1.3 Mergers & Acquisitions, Expansion
3 Global Precision Forestry Sales , Revenue (Million USD) by Regions (2013-2018)
3.1 Global Precision Forestry Sales and Market Share (%) by Regions (2013-2018)
3.2 Global Precision Forestry Revenue (Million USD) and Market Share (%) by Regions (2013-2018)
3.3 Global Precision Forestry Sales , Revenue (Million USD), Price (USD/Unit) and Gross Margin (%) (2013-2018)
3.4 North America Precision Forestry Sales , Revenue (Million USD), Price (USD/Unit) and Gross Margin (%) (2013-2018)
3.5 Europe Precision Forestry Sales , Revenue (Million USD), Price (USD/Unit) and Gross Margin (%) (2013-2018)
3.6 Asia-Pacific Precision Forestry Sales , Revenue (Million USD), Price (USD/Unit) and Gross Margin (%) (2013-2018)
3.7 South America Precision Forestry Sales , Revenue (Million USD), Price (USD/Unit) and Gross Margin (2013-2018)
3.8 Middle East and Africa Precision Forestry Sales , Revenue (Million USD), Price (USD/Unit) and Gross Margin (%) (2013-2018)
4 Global Precision Forestry Sales, Revenue, Price Trend by Technology
4.1 Global Precision Forestry Sales and Market Share (%) by Types (2013-2018)
4.2 Global Precision Forestry Revenue and Market Share (%) by Types (2013-2018)
4.3 Global Precision Forestry Price (USD/Unit) by Type (2013-2018)
4.4 Global Precision Forestry Sales Growth by Type (2013-2018)
5 Global Precision Forestry Market Analysis by Applications
5.1 Global Precision Forestry Sales and Market Share (%) by Applications (2013-2018)
5.2 Global Precision Forestry Sales Growth Rate (%) by Applications (2013-2018)
6 Global Precision Forestry Manufacturers Profiles/Analysis
6.1 Trimble
6.1.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
6.1.2 Precision Forestry Product Category, End Uses and Specification
6.1.2.1 Product A
6.1.2.2 Product B
6.1.3 Market Share (%) (2013-2018)
6.1.4 Main Business/Business Overview
6.2 Deere & Company
6.2.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
6.2.2 Precision Forestry Product Category, End Uses and Specification
6.2.2.1 Product A
6.2.2.2 Product B
6.2.3 Market Share (%) (2013-2018)
6.2.4 Main Business/Business Overview
6.3 AGCO Corporation
6.3.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
6.3.2 Precision Forestry Product Category, End Uses and Specification
6.3.2.1 Product A
6.3.2.2 Product B
6.3.3 Market Share (%) (2013-2018)
6.3.4 Main Business/Business Overview
6.4 AgJunction
6.4.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
6.4.2 Precision Forestry Product Category, End Uses and Specification
6.4.2.1 Product A
6.4.2.2 Product A
6.4.3 Market Share (%) (2013-2018)
6.4.4 Main Business/Business Overview
6.5 Raven Industries
6.5.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
6.5.2 Precision Forestry Product Category, End Uses and Specification
6.5.2.1 Product A
6.5.2.2 Product B
6.5.3 Market Share (%) (2013-2018)
6.5.4 Main Business/Business Overview
6.6 AG Leader
6.6.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
6.6.2 Precision Forestry Product Category, End Uses and Specification
6.6.2.1 Product A
6.6.2.2 Product B
6.6.3 Market Share (%) (2013-2018)
6.6.4 Main Business/Business Overview
6.7 Precision Planting
6.7.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
6.7.2 Precision Forestry Product Category, End Uses and Specification
6.7.2.1 Product A
6.7.2.2 Product B
6.7.3 Market Share (%) (2013-2018)
6.7.4 Main Business/Business Overview
6.8 The Climate Corporation
6.8.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
6.8.2 Precision Forestry Product Category, End Uses and Specification
6.8.2.1 Product A
6.8.2.2 Product B
6.8.3 Market Share (%) (2013-2018)
6.8.4 Main Business/Business Overview
6.9 Descartes Labs
6.9.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
6.9.2 Precision Forestry Product Category, End Uses and Specification
6.9.2.1 Product A
6.9.2.2 Product B
6.9.3 Market Share (%) (2013-2018)
6.9.4 Main Business/Business Overview
6.10 Gamaya
6.10.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
6.10.2 Precision Forestry Product Category, End Uses and Specification
6.10.2.1 Product A
6.10.2.2 Product B
6.10.3 Market Share (%) (2013-2018)
6.10.4 Main Business/Business Overview
7 Precision Forestry Manufacturing Cost Analysis
7.1 Precision Forestry Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.1 Raw Materials
7.1.2 Labor Cost
7.1.3 Manufacturing Expense
8 Marketing Strategy Analysis, Distributors/Traders
8.1 Marketing Channel
8.1.1 Direct Marketing
8.1.2 Indirect Marketing
8.1.3 Marketing Channel Development Trend
8.2 Market Positioning
8.2.1 Pricing Strategy
8.2.2 Brand Strategy
8.2.3 Target Client
8.3 Distributors/Traders List
9 Market Effect Factors Analysis
9.1 Technology Progress/Risk
9.1.1 Substitutes Threat
9.1.2 Technology Progress in Related Industry
9.2 Consumer Needs/Customer Preference Change
9.3 Economic/Political Environmental Change
10 Global Precision Forestry Market Forecast (2018-2025)
10.1 Global Precision Forestry Sales , Revenue (Million USD) Forecast (2018-2025)
10.1.1 Global Precision Forestry Sales and Growth Rate (%) Forecast (2018-2025)
10.1.2 Global Precision Forestry Revenue (Million USD) and Growth Rate (%) Forecast (2018-2025)
10.1.3 Global Precision Forestry Price and Trend Forecast (2018-2025)
10.2 Global Precision Forestry Sales and Revenue (Million USD) Forecast by Regions (2018-2025)
10.2.1 North America Precision Forestry Sales and Revenue (Million USD) Forecast (2018-2025)
10.2.2 Europe Precision Forestry Sales and Revenue (Million USD) Forecast (2018-2025)
10.2.3 Asia-Pacific Precision Forestry Sales and Revenue (Million USD) Forecast (2018-2025)
10.2.4 South America Precision Forestry Sales and Revenue (Million USD) Forecast (2018-2025)
10.2.5 Middle East and Africa Precision Forestry Sales and Revenue (Million USD) Forecast (2018-2025)
10.3 Global Precision Forestry Sales , Revenue (Million USD), Price (USD/Unit) Forecast by Type (2018-2025)
10.4 Global Precision Forestry Sales Forecast by Application (2018-2025)
11 Research Findings and Conclusion
12 Methodology and Data Source
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
12.4 Author List
SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach
Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.
Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis
Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price
Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size. Insert Image
