Stump Grinder Market Size Worth $134.88 Million By 2032 | CAGR: 3.56%

Stump Grinder Market Size Worth $134.88 Million By 2032 | CAGR: 3.56%


The global stump grinder market size is expected to reach USD 134.88 million by 2032, according to a new study by Polaris Market Research. The report “Stump Grinder Market Share, Size, Trends, Industry Analysis Report, By Machine Type (Walk-Behind Stump Grinders, Self-Propelled Stump Grinders, and Tow-Behind Stump Grinders), By Tooth Length, By End User, By Region, Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing emphasis on safety and risk mitigation associated with the tree stumps and surging demand for well-maintained landscapes and attractive outdoor spaces, coupled with the growth in urbanization and infrastructure development, are among the prominent factors influencing the market. Additionally, market players are focusing on developing grinders with advancements in cutting-edge technology, which includes the development of more durable cutting teeth, innovative grinding wheel designs, and improved cutting systems that allow for faster and more effective stump removal, thereby driving the market.

For instance, in January 2023, BrightView announced the acquisition of Smith’s Tree Care, a leading global tree care service provider based in Newport. With this acquisition, the company will strengthen its existing tree care services expertise and expand its market reach to a wider range of customers.

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The rapid expansion of the product rental market across both developed and developing economies is mainly driven by an increasing number of homeowners, smaller-scale tree care companies, and landscaping professionals opting for these services. By offering stump grinder rental services or partnering with rental companies, numerous businesses can tap into this growing market segment, provide customers with cost-effective solutions, and boost their revenue opportunities.

Increased wood production, active participation of small and medium-sized enterprises, and rising homeowner investments for house and garden development create lucrative opportunities for market expansion.

Stump Grinder Market Report Highlights

  • Tow-behind stump grinders segment led the industry market with considerable share in 2022, mainly due to its cost-effectiveness which makes them accessible to all size of users
  • 2.5 to 3 inches segment held the significant revenue share in 2022, which is mainly driven by growing use of this segment in various residential properties and small commercial areas
  • Public and private parks segment is anticipated to grow at fastest growth rate over the coming years, on account of surge in the number of public parks and focus on maintain its aesthetic appeal
  • North America region dominated the global market with largest share in 2022, owing to significant growth in infrastructure development and quick adoption of advanced cutting-edge equipment
  • The global key market players include Vermeer Corporation, Tracmaster, Wacker Neuson, Green Manufacturing, Carlton Company, Toro Company, MORBARK, Caterpillar, Bandit Industries, JO BEAU, Husqvarna Group, Powertek Equipment, Rayco Manufacturing Inc., Fecon Inc., Decko Inc., Wood Equipment Company, Terek Corporation, DR Power Equipment, and Bluebird Turf Products.

Polaris Market Research has segmented the stump grinder market report based on machine type, tooth length, end use, and region:

Stump Grinder, Machine Type Outlook (Revenue - USD Million, 2023 - 2032)

  • Walk-Behind Stump Grinders
  • Self-Propelled Stump Grinders
  • Tow-Behind Stump Grinders

Stump Grinder, Tooth Length Outlook (Revenue - USD Million, 2023 - 2032)

  • Up to 2.5 Inches
  • 2.5 to 3 Inches
  • Above 3 Inches

Stump Grinder, End Use Outlook (Revenue - USD Million, 2023 - 2032)

  • Forest Areas
  • Agricultural Lands
  • Public and Private Parks
  • Others

Stump Grinder, Regional Outlook (Revenue - USD Million, 2023 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Stump Grinder Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 98.46 Million

Revenue forecast in 2032

USD 134.88 Million

CAGR

3.56% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Machine Type, By Tooth Length, By End Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Vermeer Corporation, Tracmaster, Wacker Neuson, Green Manufacturing, Carlton Company, Toro Company, MORBARK, Caterpillar, Bandit Industries, JO BEAU, Husqvarna Group, Powertek Equipment, Rayco Manufacturing Inc., Fecon Inc., Decko Inc., Wood Equipment Company, Terek Corporation, DR Power Equipment, and Bluebird Turf Products.

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  • Segmentation analysis
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  • Competitive landscape
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