$888.6m
$XX.Xm
3,904
958
$XXX.Xm
Demand for forestry services has been mixed in recent years due to the COVID-19 outbreak. Revenue has diminished as fewer new plantations have been established and native forest logging rates have fallen. The Forestry Support Services industry provides essential plantation, maintenance, and research services to the forestry sector. Ripples from the collapse of forest-managed investment scheme (MIS) plantations have continued to weigh on industry performance in 2023-24. Forest and logging demand has plummeted, with international trade for wood products tanking and domestic wood use collapsing alongside many construction companies. Rising economic activity in recent years has steadied the revenue decline to an expected average annual 2.3% over the five years to 2023-24 to reach an estimated $888.6 million. This drop includes an expected dip of 0.6% in 2023-24. Many industry providers have moved away from starting up new plantations and towards replanting and other services to strengthen their revenue generation.Supply chain disruptions have caused severe challenges in the construction sector, increasing prices and slowing activity. Many service providers specialise in unique service offerings and have capitalised on inflationary trends to bolster their profit margins from their low rates in 2019-20. Forestry support services are upstream from construction industries, as forestry and logging companies work to meet wood product demand. The limited number of new forests and plantations has constrained revenue. Various government initiatives and private investments aid the Forestry Support Services industry, including Forest & Wood Products Australia and state government assistance packages.The Forestry Support Services industry will face subdued growth in the coming years as demand for log harvesting ramps up alongside the need for new dwelling commencements. Government and private support will aid operators in navigating ongoing challenges and contribute to sustainable forestry practices while enlisting forestry services themselves to contribute to forestry research. Drone use and more advanced maintenance machinery will displace labour over the long term, easing a major expense for forestry support service providers. Revenue is forecast to recover, growing at an annualised 0.6% over the five years through 2028-29, to an estimated $915.6 million.
Industry revenue has declined at a CAGR of 2.3 % over the past five years, to reach an estimated $888.6m in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 |
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There are no companies that hold a large enough market share in the Forestry Support Services in Australia industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Forest establishment services, Forest maintenance services and Forest research and consulting services. Forest establishment services is the largest segment of the Forestry Support Services in Australia.
Forest maintenance services are shooting up in importance
Firms in the industry provide a range of support services to forestry enterprises. These services include forest reafforestation, conservation or plantation maintenance on a fee or contract basis. The industry also includes companies that operate forest nurseries and provide forestry research and consultancy services.
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ANZSIC 0510 - Forestry Support Services in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The Forestry Support Services industry is dealing with tough conditions in the face of reduced plantation establishments and logging demand. The lack of new forest developmen...
Learn about an industry's products and services, markets and trends in international trade.
Forest maintenance services are growing rapidly in importance. This highlights a shift in the industry focus from new tree plantations to the proper maintenance of existing f...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Enterprises are predominantly located in Australia's forested areas. The largest plantation areas are in Victoria, New South Wales and Western Australia, while Tasmania and V...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The Forestry Support Services industry faces intense competition. Competition is driven primarily by the limited number of high-quality service providers and the trend of gov...
Learn about the performance of the top companies in the industry.
Natural disasters have threatened the industry's largest companies. Plantation maintenance services and new plantations growers have found it difficult to contend with the de...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
State and territory forest management authorities oversee the sustainability of Australia's publicly owned forests. These authorities work with the federal government to enac...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
A considerable amount of time is spent on forest research activities. These services require highly trained employees, pushing up wage costs as providers fight to secure the ...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Forestry Support Services industry in Australia is $888.6m in 2024.
There are 958 businesses in the Forestry Support Services industry in Australia, which has grown at a CAGR of 0.6 % between 2018 and 2023.
The market size of the Forestry Support Services industry in Australia has been declining at a CAGR of 2.3 % between 2018 and 2023.
Over the next five years, the Forestry Support Services industry in Australia is expected to grow.
Forest maintenance services and Forest research and consulting services are part of the Forestry Support Services industry.
The level of competition is moderate and decreasing in the Forestry Support Services industry in Australia.