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Land Clearing Attachment Market

Land Clearing Attachment Market

Land Clearing Attachment Market Analysis by Equipment (Brush Cutters, Buckets, Grapples, Mowers), by Mounting Equipment (Skid Steer Loaders, Excavators, Tractors), by Ownership (Private, Rental), by Mounting Equipment Capacity, by Sales Channel, by Application & Regional Forecast to 2032

Land Clearing Attachment Market
FACT7132MR

Land Clearing Attachment Market Outlook (2022-2032)

Valuation of the global land clearing attachment market is estimated at US$ 2.1 Bn in 2022, and is forecast to surpass US$ 4.2 Bn by 2032-end, increasing at a CAGR of 7.1% during 2022-2032.

Report Attributes

Details

Land Clearing Attachment Market Size (2021A)

US$ 2 Bn

Estimated Year Value (2022E)

US$ 2.1 Bn

Projected Year Value (2032F)

US$ 4.2 Bn

Global Market Growth Rate (2022-2032)

7.1% CAGR

North America Market Value (2022)

US$ 841.6 Mn

North America Growth Rate (2022-2032)

7% CAGR

Market Share of Top 5 Companies (2022)

~45%

Key Companies Profiled

  • 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
  • Geith International Ltd.
  • John Deere
  • Loftness
  • MORBARK, LLC
  • Premier Attachment
  • PRINOTH AG
  • SEPPI M. S.p.A.
  • Serrat Trituradoras
  • Solesbee
  • Takeuchi Mfg. Co., Ltd.
  • Tigercat International Inc.
  •  Torrent Mulcher
  • Ventura Group USA
  •  Vermeer Corporation
  • Volvo
  • Worksaver, Inc.

Land clearing attachment sales currently account for 1.7% of the global agriculture equipment market.

Land Clearing Attachment Sales Analysis (2016-2020) Vs. Market Outlook (2022-2032)

Rise in construction buildings in both, the commercial and residential sectors in developing countries such as China, India and Brazil, has led to an increase the demand for land clearing attachments to clear land or for vegetation applications, which, in turn, fuels global demand for land clearing attachments. The market is likely to reach a valuation of US$ 4.2 Bn by the end of 2032.

Growing requirement from landscape maintenance and agriculture industry has shown an optimistic picture to land clearing attachment manufacturers. Over a period of time, land clearing attachment rental services have established their prominence owing to cost benefit to both, users and manufacturers. Such developments are likely to reach a rental-based ownership to be valued at US$ 1.2 Bn by the end of 2032.

The global construction industry seems to be lucrative and is expected to grow 8.5% and surpass a market value of US$ 15.5 trillion by the end of 2030. The U.S is presumed to showcase an exponential growth rate of 7.3% over the forecast period. Whereas, despite a large geographical area, China is expected to witness a moderate growth rate in the construction industry and hold a market share of 67% by 2032 in the East Asia region.

Market valuation of the Europe-based land clearing attachment market is expected to reach US$ 857 Mn by the end of the forecast period.

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.

Land Clearing Attachment Market forecast analysis by Fact.MR

Will High Competition from Local Manufacturers Hinder the Equilibrium of the Market?

Local manufacturers of land clearing attachment equipment across the globe is a crucial concern for tier-1 manufacturers of land clearing equipment. Local players are offering low quality products at comparatively lesser price points, which subsequently hinders the growth of the market in terms of value generation for leading players.

Presence of local manufacturers has dynamically impacted the market competition structure. Local land clearing system manufacturers are involved in low-cost manufacturing processes in order to increase their profitability and also pass on process savings to consumers to gain a market share.

Such activities challenge competitive manufacturing in this high-cost environment and significantly dent market growth trajectory. As local manufacturing is hard to track and analyzation of statics is complex due to lack of data points, their contribution to the global market remains unclear.

Country-wise Insights

Which Countries are Prominent in the Europe Land Clearing Attachment Market?

“Russia & Spain to Be Market Leaders for Land Clearing Attachment Systems in Europe”

Europe will account for over 23% of the global market share in 2022, wherein, Russia and Spain will hold a combined market share of 33.1% in 2022. In 2020, Russia was in the list of top 10 countries having a leading forest area, which was equal to 815 Mn hectares.

The land clearing attachment equipment market in Russia is likely to reach a valuation of US$ 70 Mn by the end of 2032, rising at a CAGR of 6.9% over the decade.

Why are Sales of Land Clearing Attachment Flourishing in Malaysia?

“High Use of Land Clearing Attachments in Expansion of Oil Palms”

Malaysia is expected to capture a market share of 21% in 2022 in South Asia & Oceania and reach a valuation of US$ 146 Mn by the end of 2032. Additional contributing factor - increasing infrastructure development – is resulting in higher penetration of land clearing attachments.

Over the historical period, Malaysia was one of the top countries involved in the growth of oil palm plantations & industrial timber, and deforestation for vegetation cover. This has registered a CAGR of 3.3% over the period of 2016-2020.

With forest loss in Malaysia, there has been business expansion of oil palm, providing plentiful opportunity for the suppliers of land clearing attachments to leverage this growing demand.

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Category-wise Insights

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.

Will Agriculture and Forestry Application Unfold Growth Opportunities for Land Clearing Attachment Providers?

Surge in the adoption of land clearing attachments in the agriculture and forestry sector is likely to drive market expansion over the decade.

Forest management works to increase wood yield with the aid of refined technologies that tend to increase efficiency. The agriculture and forestry segment is expected to be valued at US$ 559 Mn in 2022, and grow 1.9X over the forecast period.

Governments are also taking precautionary measures for afforestation, which is assisting them to switch towards sustainable methodologies.

  • For instance, the Indian government has started the 'National Afforestation Programme' for implementing afforestation and plantation schemes in forest areas, which is increasing the sales of equipment for maintenance and other operations, including land clearing attachments.

Competitive Landscape

According to the land clearing attachment industry analysis, 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. are identified as key players manufacturing land clearing attachments.

Competition in the market will be more fragmented due to the increasing presence of local and regional players over the coming years. Prominent market players are strengthening their capacity as well as product offerings to cater to rising demand through a bunch strategies and developments.

Some of the key developments are:

  • In 2020, Vermeer Corporation launched a new horizontal stump grinder named Vermeer HG6800TX for land-clearing projects as well as pipeline right-of-way operations. It comes with an infeed design over 950 HP in a 92000-Ib class, and is specifically made to feed larger materials such as large stumps, whole trees, and other tough materials.
  • In 2020, Tracmaster expanded its manufacturing capacity to provide more space to increase technical departments, assembly, welding and fabrication. This new expansion also offers more storage space for holding stock.
  • In 2019, Morbark Company was acquired by Alamo Group LLC. The total acquisition value of the company was around US$ 352 Mn, subject to certain adjustments.

Similarly, recent developments by top providers of land clearing attachments have been tracked by the team at Fact.MR, which are available in the detailed report.

An Adaptive Approach to Modern-day Research Needs

Market Segments Covered in 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
  • By Mounting Equipment:

    • Skid Steer Loaders
    • Compact Track Loaders
    • Excavators
    • Tractors
  • 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
  • By Sales Channel:

    • OEM
    • Aftermarket
  • By Application:

    • Land Clearing Attachments for Construction
    • Land Clearing Attachments for Agriculture and Forestry
    • Land Clearing Attachments for Landscape and Maintenance
    • Others
  • By Ownership:

    • Private Land Clearing Attachments
    • Rental Land Clearing Attachments
  • By Region:

    • North America Land Clearing Attachment Market
    • Latin America Land Clearing Attachment Market
    • Europe Land Clearing Attachment Market
    • East Asia Land Clearing Attachment Market
    • South Asia & Oceania Land Clearing Attachment Market
    • Middle East & Africa Land Clearing Attachment Market

- FAQs -

The global land clearing attachment market is estimated to have an absolute $ opportunity of US$ 2.2 Bn over the period of 2022-2032.
Demand for mulching head equipment is likely to increase at a CAGR of over 6.6% during 2022 – 2032.
Sales of compact track loaders are expected to grow 2.1X over the period of 2022-2032.
Soaring global construction industry and upsurge in replantation programs are likely to drive the sales for land clearing attachments.
Bandit Industries Inc., Bobcat, CASE, Caterpillar, and FAE Group S.p.A. are the top five suppliers of land clearing equipment.
Top 5 countries driving most demand for land clearing attachments are the U.S., China, Russia, Spain, and Japan.
Latin America accounted for over 4% share of the global land clearing attachment market in 2022.
Private ownership of land clearing attachments in East Asia is projected to increase at a CAGR of around 7.3% during 2022 – 2032.

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