Technological advancements in machinery have increased productivity but have also raised the costs of production for manufacturers. Stricter emission norms require improved engine efficiency which demands higher R&D investments. Falling raw material prices have squeezed profit margins. Subdued demand from the wood industry due to declining forest cover and rising environment awareness further affects sale volumes.
Market Opportunities: Government incentives and afforestation drives to increase forest cover can boost demand
Government incentives and afforestation drives to increase forest cover can boost demand. Expanding construction and infrastructure sectors rely on wood products, spurring sales. Manufacturers can explore emerging economies in Asia and Latin America for new customers. Adopting frugal innovation approaches can make feller bunchers more affordable.
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