Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 0.09 Billion |
| USD 0.12 Billion | |
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Global Stump Cutter/Grinder Market, By Product Type (Stand Alone Equipment, Grinder Attachment), End-Use (Forest Areas, Agricultural Lands, Public and Private Parks, Others) – Industry Trends and Forecast to 2030.
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Increasing demand for wood-based products for different industrial and household purposes is increasing the deforestation rate. Global deforestation augmented around 17% in the first six month of 2021. When the trees are cut down, their stumps remains a problem for further processing of land. Therefore, instant ground clearance becomes crucial, which enhances the demand for Stump cutter/grinder. Moreover, increasing usage of mulch to upsurge the aesthetic appeal of gardens is also a major factor which is contributing to the steady market growth.
Data Bridge Market Research analyses that the stump cutter/grinder market is expected to reach USD 0.123 billion by 2030, which is USD 0.093 billion in 2022, registering a CAGR of 3.60% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2023 - 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Stand Alone Equipment, Grinder Attachment), End-Use (Forest Areas, Agricultural Lands, Public and Private Parks, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Caterpillar (U.S.), MORBARK, LLC (U.S.), Vermeer Corporation (U.S.), Tracmaster Ltd. (U.K.), Wacker Neuson SE (Germany), Green Manufacturing, Inc (U.S.), J.P. Carlton Company (U.S.), The Toro Company (U.S.)
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Market Opportunities
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Market Definition
A stump cutter/grinder is a power equipment or tool attachment that eliminates tree stumps by a rotating cutting disc that chips away the wood. Stump cutter/grinders are as large as a truck and the size of a lawn mower. These machines are available in numerous versions and models, to cover a power range from 70 Hp to 300 Hp. A typical stump cutter/grinder comprises a cutter wheel with fixed carbide teeth.
Drivers
Governments are taking various preventive measures for afforestation, aiding them to control increasing environmental concerns. For instance, the Indian government has started a "National Afforestation Programme" program for implementing afforestation and plantation schemes in forest areas. Such measures indirectly but positively impact the sales of commercial stump grinders because they deliver an important advantage in afforestation. When old trees are being cut down, land clearance is compulsory for new trees to be planted. As a result of this, the utilization of stump cutter/grinder in forest areas for new tree clearance or plantation of forest for infrastructure purposes is anticipated to provide an increase to sales of stump cutter/grinder in the market.
With increasing globalization, individuals are expenditure more on the development of homes and their gardens. They are spending their money more on natural material that will protect their gardens and enhance beauty. Brazil, Australia, Russia and Malaysia are among the top nations investing in lawn care. According to the study, it has been found that 50 percent of the Russian people rely on agricultural output produced in their garden, lawn or backyards. This requires huge portions of land, including shrubs, trees, and other vegetation. Hand stump cutter/grinders play a vital role in such cases, clearing the land without creating any soil imbalance, thus producing major stump cutter/grinders sales.
Opportunities
According to the Food and Agriculture Organization analysis, the region had 1,017,460.8 thousand hectares of forest land in 2020, which augmented from 1,016,798.8 thousand hectares of forest land in 2018. The forests region and other wooded lands, corresponding to 44.6 percent of its land area. The European Union witnesses for around 5% of the world's forests. The forested area of the European Union is gradually growing. Apart from the ecological value of forests, their role as an important element in the European landscape, and their value for some non-economic uses, such as recreation because forests are also an economic resource. Therefore, the augmented wood production and the increased presence of numerous small-enterprises and medium-sized enterprises who are extremely active in the sector further resulted in an augmented demand for wood cutting, which further boosts the growth of the stump cutter/grinder market.
Restraints/ Challenges
Prominent challenges faced by manufacturers of stump cutter/grinder are unavailability of trained personnel, high cost of maintenance, lack of distributors, and stump grinder prices. The presence of less distributors hampers global sales of stump cutter/grinder. Another factor that is adversely impacting the growth of the market is the dangers and hazards associated with equipment while operating stump cutter/grinder. All these above mentioned factor obstruct the growth of the market.
This stump cutter/grinder market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the stump cutter/grinder market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
The stump cutter/grinder market is segmented on the basis of product type and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
End-Use
The stump cutter/grinder market is analyzed and market size insights and trends are provided by country, product type and end-use as referenced above.
The countries covered in the stump cutter/grinder market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to dominate the stump cutter/grinder market in terms of revenue and market share owing to growth in the municipal and forestry field expenditures and increase in the adoption of stump grinders in this region in the region.
Europe is anticipated to be the fastest growing region in stump cutter/grinder market during the forecast period of 2023- 2030 due to increasing adoption of Western culture resulting in higher penetration toward advanced equipment in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The stump cutter/grinder market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to stump cutter/grinder market.
Some of the major players operating in the stump cutter/grinder market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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