According to a recent report by market research and competitive intelligence provider Fact.MR, the global stump grinder market experienced sluggish growth at a CAGR of 1.7% during the historic period 2016 to 2020, with the United Kingdom, Russia, the United States and China. No. 1 in global market share.
In 2020, the industry is expected to decline by 2.3% year over year as the COVID-19 pandemic adversely impacts the demand outlook. However, the market is estimated to expand 1.6x by the end of 2031.
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Market Trend
The standalone trackpad market has seen steady growth in recent years. This is due to the growing demand for more efficient and ergonomic input devices. As more people work from home, the need for a reliable and comfortable trackpad becomes more important.
The market is expected to continue to grow as more people recognize the benefits of using a standalone trackpad. This is because it is easier to use and offers more precise control than traditional mice. It’s also less expensive than other input devices, making it a great option for users on a tight budget.
On the technology side, the standalone trackpad market is transitioning to wireless models. This is due to the fact that they are more convenient and provide more freedom of movement. They are also energy efficient, which is beneficial for those looking to reduce their carbon footprint.
To increase their penetration into lucrative markets, the players mentioned above are opting for organic and inorganic growth strategies that include new product launches, mergers, acquisitions, collaborations, and partnerships with small manufacturers or startups.
- In 2020, Vermeer Corporation introduced a new horizontal stump grinder for land clearing purposes and pipeline work.
Likewise, recent developments related to companies offering stump grinders were tracked by the Fact.MR team, available in a full report.
Market Participants
Following are some of the key players in the global Stump Grinder market identified across the value chain:
- Caterpillar Inc.
- Morbach, LLC.
- MTB Manufacturing INC.
- Vermeer Corporation
- Trackmaster Inc.
- Predator Power Inc.
- Barker Neuson SE
- Avant Techno Cucumber
- faster machine
- D&M Machinery Division, Inc
- Bandit Industries, Inc
- Green Manufacturing, Inc
- Great Northern Equipment Distributing, Inc.(도스코)
- JP Carlton Company
- Grinder Crusher Screen
- HAWK equipment construction
Industry Research
· By machine type
-
- Walkable Stump Grinder
- Self-propelled Stump Grinder
- wheeled
- tracked
- Towed Stump Grinder
· By tooth length
-
- Stump grinders up to 2.5 inches
- 2.5 – 3 inch stump grinder
- 3 inch and larger stump grinder
Based on the number of cutting edges
-
- 8 – 16 tooth stump grinder
- 16- 24 Tooth Stump Grinder
- 24- 32 Tooth Stump Grinder
- 32+ Teeth Stump Grinder
· By cutting edge per tooth
-
- two
- three
· End user
-
- Personal stump grinder
- Government Stump Grinder
- Stump grinder provided by rental company
Essential Takeaways from this Market Report
- Comparison of prominent players operating in the market.
- Recent developments and key strategies adopted by key players.
- Study of micro and macroeconomic growth indicators.
- The influence of various factors on the value chain.
- Evaluate the current Stump Grinder market size within the industry, forecasts and technological advancements.
- Current insights influencing scenarios and key trends in the Stump Grinder market.
Key Questions Answered in the Stump Grinder Market Research Report:
- What are the current scenario and key trends in the Stump Grinder market?
- What are the key strategies companies are adopting to grow their consumer base?
- What are the major categories and future potential within the stump grinder segment?
- What are the key Stump Grinder market drivers and their expected impacts in the short, medium and long term?
- What is the size of the Stump Grinder market and what are the opportunities for the key players?
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