A new research report of Future Market Insights (FMI) tracks global compost turning machine market performance over 2022 – 2028 and analyzes the demand patterns of compost turning machines on the basis of various attributes such as product type, output capacity, end-use industries, and region.
Over 3,200 compost turning machines were sold globally, in 2021, which is likely to rise at a moderate pace in 2022 and ahead. The compost turning machine market is foreseen to gather momentum in the near future, primarily driven by the increasing severity of waste management and soil quality management concerns.
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Drum type compost turner machine is likely to maintain a dominating market value share through 2028, as indicated by the report. However, elevating face type compost turner machine that currently accounts for more than a third of the total market value, is projected to gain significant traction in the years to come. The report has attributed this growth to manufacturers’ focus on developing new technologies for compost turning machines as per the demand from different countries.
“North America Market to Maintain Dominant Stance through 2028”
Detailed market survey across regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA) has been meticulously accounted for in this FMI research study.
Compost machines are anticipated to have a bright outlook in the North American region and currently, the region holds a market share of 32.4% in the global industry landscape. Increasing focus on biogas generation from compost is expected to be a major trend in this region.
The Europe compost turning machine market is closely following North America in terms of market share and holds a market share of 31.6% in 2022. The market in this region will be driven by factors that are similar to the ones that guide potential in North America.
Small compost turners are expected to see high demand from East Asia and South Asia. Currently, they hold market shares of 10.3% and 12% in the global compost turning machine industry landscape. Highly lucrative agricultural industries in nations like China and India are expected to majorly propel sales of small compost turners.
Agriculture Industry Will Remain Significant End-use Segment in Compost Turning Machine Market
The agricultural end use of compost turning machine is expected to be a highly influential segment in compost turning machine market, according to the report. FMI has attributed the maximum market value share of agricultural industry in compost turning machine market to the growing demand for compost for the maintenance of organic carbon content of soil, eventually improving the uptake of nutrients by soil. Also, these machines reduce the use of fuel consuming land preparation processes owing to improvement in soil health, further advocating the adoption of compost turning machines.
Developed Regional Markets for Compost Turning Machine to Hold Noteworthy Revenue Shares
Agriculture industry in North America and Western Europe is heavily mechanized and commercialized. While agriculture is a major industry in both Canada and the US, the former has been one of the largest agricultural exporters and producers around the world. Moreover, highly developed agricultural practices in North America will provide endless opportunities to compost turner machine manufacturers during the forecast period.
Compost turning machine market in fast progressing Asian countries such as India and China is also registering significant growth owing to stringent government regulations that are likely to promote the use of these equipment in food manufacturing plants.
Global Compost Turning Machine Market: Competitive Landscape
Some of the players profiled in the global compost turning machine market report include Terex Corporation, Vermeer Corporation, Eaggersman AG, Scarab International, Midwest Bio-Systems, Inc., Brown Bear Corporation, EarthSaver Equipment Inc., Komptech Group, Frontier Industrial Corporation, Alliance Fertilizer Machinery, HCL Machine Works, and Blue Group among others. Manufacturers are likely to maintain the focus on product technology innovations for sustained market value shares in the compost turning machine landscape.
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Key Segments of Compost Turning Machine Industry Survey
Compost Turning Machine Market by Product Type:
- Drum Compost Turning Machines
- Elevating Face Compost Turning Machines
Compost Turning Machine Market by Output Capacity:
- Below 500 Cubic Mtrs/h
- Between 500-1,000 Cubic Mtrs/h
- More than 1,000 Cubic Mtrs/h
Compost Turning Machine Market by End Use:
- Compost Turning Machines for Construction Industry
- Compost Turning Machines for Agriculture Industry
- Compost Turning Machines for Manufacturing Industry
Compost Turning Machine Market by Region:
- North America Compost Turning Machine Market
- Latin America Compost Turning Machine Market
- Europe Compost Turning Machine Market
- East Asia Compost Turning Machine Market
- South Asia & Pacific Compost Turning Machine Market
- Middle East & Africa (MEA) Compost Turning Machine Market
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.
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