Land Clearing Attachment Market

Land Clearing Attachment Market Outlook (2022-2032)

The global land clearing attachment market is valued at US$ 2.1 billion in 2022 and is set to expand at a CAGR of 7.4% to reach US$ 4.3 billion by the end of 2032.

Sales of land clearing equipment accounted for around 8% share of the global land clearing equipment market at the end of 2021.

Report Attributes	Details
Land Clearing Attachment Market Size (2021A)	US$ 2 Billion
Estimated Market Value (2022E)	US$ 2.1 Billion
Forecasted Market Value (2032F)	US$ 4.3 Billion
Global Market Growth Rate (2022-2032)	7.4% CAGR
North America Market Share (2022)	~39.3%
North America Market Value (2022)	US$ 842 Million
Europe Market Share (2022)	~22.5%
Europe Market Value (2022)	US$ 481 Million
China Market Share (2022)	~11.2%
China Market Value (2022)	US$ 239 Million
Top 3 Countries’ Market Share	~39.8%
Key Companies Profiled	Bandit Industries, Inc. Blue Diamond Bobcat CASE Caterpillar FAE GROUP S.p.A. Tracmaster Ltd. Loftness MORBARK LLC. Premier Attachment

Sales Analysis of Land Clearing Attachment (2017-2021) Vs. Market Forecasts (2022-2032)

Demand for land clearing attachment from the landscape agriculture and maintenance industry has shown a positive picture to equipment manufacturers. During the forecast period, rental services will find prominence owing to cost benefits to both sides, including the user and manufacturer. The agriculture and forestry segment is likely to drive high product demand over the assessment period

Companies are working to innovate and create technologies that minimize the installation and operational cost of land clearing attachments. Leading manufacturers have invested in addressing market and consumer demands by creating products that can operate with multiple heavy types of machinery that are manufactured by different companies

• Short Term (2022 Q2 to 2025): Construction, landscape, and maintenance applications of land clearing attachments to have a positive outlook.
• Medium Term (2025-2028): APAC and North America are anticipated to witness high land clearing attachment demand due to the growing construction industry.
• Long Term (2028-2032): Increase in the use of land clearing attachments on a rental basis will drive market growth.

Over the 2017-2021 historical period, the global land clearing attachment market registered a CAGR of 2.1%, and as per this latest analysis by Fact.MR, a market research and competitive intelligence provider, the industry is projected to expand rapidly at 7.4% CAGR from 2022 to 2032.

Market share analysis of land clearing attachment based on application and region. Under the application segment, the landscape and maintenance application currently leads with 47% market share.

Why is Demand for Land Clearing Attachment Rising at a Rapid Rate?

“Soaring Global Construction Sector – Major Market Drive”

In recent times, most equipment were limited in features and manually operated. But construction technologies are now growing much faster than anticipated.

Increasing construction work also drives the market growth of land clearing equipment. The construction sector appears to be profitable, and by the end of 2030, it is anticipated to surpass the US$ 15.5 trillion global market value. Over the ensuing ten years, it is predicted that the U.S. will experience exponential development. China, on the other hand, is not anticipated to experience a strong growth rate in the construction industry despite its vast geographic size.

However, India is likely to provide momentum to the global construction growth rate. In Europe, Germany is set to acquire the sixth position in the construction industry by 2030. The U.S., China, and India will lead the way and account for more than 57% market share of the global construction industry.

“Compact Solutions Contributing to Explicit Applications”

When procuring a land clearing attachment, the buyer prioritizes compact and lightweight equipment due to easier operations and the need to store in small spaces and transport to smaller locations, thereby lowering the unit's cost.

Manufacturers such as Caterpillar and Vermeer Corporation are providing wheeled and tracked land clearing attachments. Wheeled land clearing attachments are preferred for narrow gateways while the racked types are being used for uneven lands. The compact size makes it easier to handle, requires less maintenance, and is cost-effective. These factors will help in increasing the demand for compact devices across end-use industries.

“Increased Utilization of Wood Chips as Mulch & Soft Boards”

Increasing utilization of soft boards for packaging and DIY purposes has resulted in increased utilization of wood chips as they can be easily degraded into recyclable material. This has reduced the cost of material and provided an easy solution for dumping woodchucks. Land clearing attachments can cut stumps into small chips, which can be used as mulch to increase the aesthetic appeal of a home.

Different tooth lengths result in small and large chip generation that users can use according to their needs. Generating soft boards from chips is environment- and industry-friendly. Understanding the scenario on a bigger scale, an increase in the utilization of wooden chips will benefit land clearing attachment providers.

Country-wise Insights

Will the High Rate of Deforestation Drive Demand for Land Clearing Attachment in Malaysia?

The Malaysia land clearing attachment market is estimated at US$ 69 million in 2022 and is expected to reach US$ 137 million and a capture market share of 21% in the South Asia & Oceania region by 2032.

In terms of deforestation for vegetation cover and the expansion of oil palm plantations and industrial timber through time, Malaysia was among the top countries. Over the past four years, the Malaysia land clearing attachment market exhibited growth at 3.3% CAGR.

Oil palm production has increased as a result of the Malaysian government’s policies and their dominance in the export scene, giving suppliers of land clearance accessories ample opportunities to capitalize on the rising demand.

Why is the Russia Land Clearing Attachment Market Expected to Be Highly Lucrative?

In 2022, Europe is expected to hold more than 22% share of the worldwide market, while the Russia land clearing attachment market size will capture a market share of 18.2% in the region. With 815 million hectares of forest, Russia ranked first among the top 10 countries with the largest spread of forests in 2020.

However, deforestation is on the rise, and infrastructure development companies are primarily focusing on clearing forest lands for the development of commercial and residential spaces. This has the potential to increase the fleet of land clearing equipment in Russia. As such, by the end of 2032, Russia's market value is predicted to reach US$ 165 million, experiencing 7.1% CAGR over the previous assessment period.

Category-wise Insights

How are Agriculture & Forestry Applications Creating Opportunities for Land Clearing Attachment Suppliers?

Over the next ten years, product demand is projected to rise as land clearing attachments become increasingly popular in the forestry and agricultural sectors. Utilizing sophisticated technology, which tends to boost efficiency, forest management is attempting to increase the yield of wood. By 2021, the agricultural and forestry segment is anticipated to be worth US$ 530 million in 2022 and expand 1.9X by 2032.

Governments are also supporting afforestation, which is helping them to put people's growing environmental concerns to rest. For instance, to conduct afforestation and plantation initiatives in forest areas, the Indian government launched the 'National Afforestation Programme'.

These types of initiatives also help drive product market growth. For afforestation purposes, land clearing equipment is widely used for landscaping and maintenance, which is why market demand is expected to rise over the studied time frame.

Will Private Rental Type of Ownership Bring in Higher Revenue Streams for Market Players?

Businesses are finding it more difficult to prosper in a competitive environment as there is increased market rivalry and volatility. To gain a competitive edge over their immediate competitors, manufacturers have started providing leasing services of attachments for big projects. The CAGR for rental type ownership is projected to be 8% from 2022 to 2032.

These rental programs are advantageous because they continuously give asset financing and cost-benefit analysis, which benefits both enterprises and customers. Organizations that offer rental services are influenced by a variety of circumstances, such as the beginning of new projects, financial restrictions, commercial timber cleaning procedures, and others.

By the conclusion of the projected period, the rental-based ownership segment is anticipated to reach US$ 1.1 billion.

Competitive Landscape

Prominent land clearing attachment manufacturers are Bandit Industries, Inc., Berlon, Blue Diamond, Bobcat, Brush shark, CASE, Caterpillar, CNH Industrial America LLC, Dougherty Forestry Manufacturing, Eterra Attachments LLC., FAE GROUP S.p.A., Tracmaster Ltd., Fecon, Geith International Ltd, John Deere, Loftness, MORBARK LLC., Premier Attachment, PRINOTH AG, SEPPI M. S.p.A., Serrat Trituradoras, Soles bee, Takeuchi, Tiger cat International Inc., Torrent Mulcher, Ventura Group USA, Vermeer Corporation, Volvo, and Work Saver Inc.

Prominent manufacturers of land clearing attachment products are employing sustainable technologies and optimization systems for diverse end users.

• In August 2020, Vermeer Corporation introduced the Vermeer HG6800TX, a new stump grinder (horizontal) for use in clearing land and removing pipeline right-of-ways. It is equipped with an infeed design above 950 HP in a 92,000-Ib class and is specially built to feed tougher materials such as huge stumps and entire trees.
• In August 2020, Tracmaster increased the size of its manufacturing facility to make room for more technical departments, assemblies, welding, and fabrication.

Fact.MR has provided detailed information about the price points of key manufacturers of land clearing attachments positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Land Clearing Attachment Industry Research

• By Equipment :

  • Brush Cutters
  • Buckets
  • Feller Bunchers
  • Grapples
  • Mowers
  • Mulching Heads
  • Pallet Forks
  • Rakes
  • Stump Grinders
  • Top Soil Screeners
  • Tree Sheers
  • Others

• By Mounting Equipment :

  • Skid Steer Loaders
  • Compact Track Loaders
  • Excavators
  • Tractors

• By Mounting Equipment Capacity :

  • Up to 100 HP
  • 100 - 200 HP
  • 200 - 300 HP
  • 300 - 400 HP
  • Above 400 HP

• By Sales Channel :

  • OEMs
  • Aftermarket

• By Application :

  • Construction
  • Agriculture and Forestry
  • Land Scape and Maintenance
  • Others

• By Ownership :

  • Private
  • Rental

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA