Press release
Demand For Mulching Heads Market To Soar In Coming Years In Top Regional Markets : Fact.MR
As per the latest industry survey published by Fact.MR, a market research and competitive intelligence provider, the global mulching heads market is anticipated to grow 1.9X over the next ten years to reach US$ 936 Mn.With rising urbanization, the need for clear land is increasing, which is driving demand for compact track loaders as they can be used in house and municipal offices. As such, compact track loaders are estimated to reach a market value of more than US$ 323 Mn by the end of 2032.
North America and Europe hold major portion of the market share due to rising construction industries and increasing spending on gardening. Growing need for mulching material is escalating the sales of mulching heads. Another reason for the high percentage share is the presence of leading mulching head manufacturers in these regions.
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Segments Covered in Mulching Heads Industry Research
Mulching Heads Market by Drive Type:
Direct Drive Mulchers
Belt Drive Mulchers
Mulching Heads Market by Carrier Capacity:
Up to 10 Tons
10 - 20 Tons
20 - 30 Tons
30 - 40 Tons
Above 40 Tons
Mulching Heads Market by Mounting Equipment Capacity:
Up to 100 HP
100 - 200 HP
200 - 300 HP
300 - 400 HP
Above 400 HP
Mulching Heads Market by Max. Shredding Diameter:
Below 25 cm Mulching Heads
25 - 40 cm Mulching Heads
Above 40 cm Mulching Heads
Mulching Heads Market by Max. Cutting Width:
Up to 48 Inch Mulching Heads
48-56 Inch Mulching Heads
Above 56 Inch Mulching Heads
Mulching Heads Market by Mounting Equipment:
Skid Steer Loaders
Compact Track Loaders
Excavators
Tractors
Mulching Heads Market by Region:
North America Mulching Heads Market
Latin America Mulching Heads Market
Europe Mulching Heads Market
East Asia Mulching Heads Market
South Asia & Oceania Mulching Heads Market
Middle East & Africa (MEA) Mulching Heads Market
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Key Takeaways from Market Study
Under drive type, direct drive accounts for 66% of the global market share, and the segment is estimated to expand at a CAGR of 7.1% over the forecast period (2022-2032).
Under carrier capacity, the 20 - 30 tons segment is estimated to reach a market value of US$ 166 Mn by the end of 2022.
100 - 200 HP in mounting equipment capacity accounted for 33% market share in 2021.
By mounting capacity, out of 100 mulching heads sold more than 30 belong to the category of compact track loaders.
Europe is a major shareholder in the global mulching heads market. The region is slated to account for 30% market share over the forecast period, with Spain leading the way.
Winning Strategy
Majority of market participants are constantly modifying their mulching head offerings. Development is accomplished by tailoring products according to the needs of consumers. Market leaders have started this to extend their customer base and generate new revenue streams.
Long-term partnerships and advertising through competitive and recreational events are anticipated to provide brands with opportunities to expand their reach and consumer base over the coming years.
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Competitive Landscape
Mulching head manufacturers are aiming to increase their market share in the South Asia & Oceania region through joint ventures and strategic partnerships with investment groups and local players.
Some of the key market developments are:
In 2021, Caterpillar launched two new mulching heads - HM5515 and HM3013 - which can be used for forest machines and tracked and wheeled excavators.
In 2021, Picursa partnered with Ufkes Greentec to sell forestry equipment such as mulching heads in Europe.
Similarly, recent developments by top providers of mulching heads have been tracked by the team at Fact.MR, which are available in the detailed report.
Source - https://www.factmr.com/report/3964/mulching-heads-market
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