Seoul, South Korea, July 20, 2022 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence provider, states that the global Land clearing attachment market would be worth US$ 2.1 Billion in 2022 and have a passable CAGR of 7.1% from 2022 to 2032. Fact.MR presses on the point that growth of the construction sector, both – residential and commercial, especially in the developing economies like Brazil and India is likely to help the land clearing attachment market gloat over its growth between 2022 and 2032.
Rising need from agriculture and landscape vertical is likely to keep the land clearing attachment market on toes in the forecast period.
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Overall, demand for mulcher attachments, land clearing mulchers, land clearing excavators, land clearing rakes, skid steers, loader bucket attachments, mulching heads, brush clearing attachments, tree cutting attachments, forestry mulchers, demolition attachments, and grading attachments, to name a few, is rising rapidly.
Why are Land Clearing Attachments on Rental Basis More Popular?
Increasing market competition makes it harder for businesses to thrive in such a dynamic space. Land clearing attachment manufacturers have begun to offer leasing services for large projects in order to get a competitive advantage over their competitors. Rental type of ownership is likely to increase at a CAGR of 8% over the period of 2022-2032.
Rental programs help both, businesses and customers, because they provide a constant supply of asset finance and cost-benefit. New project start-ups, budget constraints, commercial timber cleaning processes, and other factors all contribute to organizations providing rental services. Rental-based ownership of land clearing attachments is expected to be valued at US$ 1 Bn by the end of forecast period.
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Key Segments Covered in the Land Clearing Attachment Industry Survey
- By Equipment:
- Brush Cutters
- Buckets
- Feller Bunchers
- Grapples
- Mowers
- Mulching Heads
- Pallet Forks
- Rakes
- Stump Grinders
- Top soil Screeners
- Tree Sheers
- Others
- Brush Cutters
- By Mounting Equipment:
- Skid Steer Loaders
- Compact Track Loaders
- Excavators
- Tractors
- Skid Steer Loaders
- By Mounting Equipment Capacity:
- Up to 100 HP Land Clearing Attachments
- 100 - 200 HP Land Clearing Attachments
- 200 - 300 HP Land Clearing Attachments
- 300 - 400 HP Land Clearing Attachments
- Above 400 HP Land Clearing Attachments
- Up to 100 HP Land Clearing Attachments
- By Sales Channel:
- OEM
- Aftermarket
- OEM
Competitive Landscape
The key participants are into strengthening the product offerings for addressing the growing demand for land clearing attachment.
- Vermeer Corporation, in the year 2020, did launch a new-fangled horizontal stump grinder called “Vermeer HG6800TX” for pipeline right-of-way operations and land-clearing projects. It is abreast with an infeed design (over 950 HP) in 92K-lb class. Also, it’s exclusively made for feeding bigger materials like whole trees, large stumps, and various other tough materials.
- Tracmaster, in the year 2020, did expand the manufacturing capacity for providing greater space to improve assembly, technical departments, fabrication, and welding. It also makes way for better storage to hold stock.
- Alamo Group LLC, in 2019, acquired Morbark Company. The value of this acquisition was close to US$ 352 Mn.
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Key players in the Land Clearing Attachment Market
- Bandit Industries, Inc.
- Berlon Industries, LLC
- Blue Diamond Attachments
- Bobcat Company
- Brushshark Ltd
- Caterpillar Inc.
- CNH Industrial N.V.
- Dougherty Forestry MFG
- Eterra Attachments, LLC
- Fae Group SpA
- FECON
Key Takeaways from Land Clearing Attachment Market Study
- North America accounts for US$ 841.6 Mn by the year 2032, as far as revenue is concerned. It is expected to witness a CAGR of 7% between 2022 and 2032.
- Europe is expected to grow inadvertently between 2022 and 2032, reaching US$ 857 Mn by the year 2032.
- China is expected to hold 67% of the market share between 2022 and 2032.
- Russia and Spain to be amongst the top 10 countries having dense forests, thereby driving the growth of land clearing attachment market.
About the Industrial Goods Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Industrial Goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the Industrial Goods across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
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