Market Size of Europe Stump Cutter/Grinder Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Stump Cutter/Grinder Market Analysis
The European stump cutter/grinder market (henceforth, referred to as the market studied) was valued at USD 49.2 million in 2019, and it is projected to reach USD 66 million by 2025, registering a CAGR of 5.2% during the forecast period. By volume, the sales of stump cutter/grinder were 2,224 units in 2019, and it is projected to reach 2,891 units by 2025, registering a CAGR of 4.6% during the forecast period in the region. By country, in terms of revenue, the United Kingdom is the fastest-growing market with a CAGR of 5.7%. The rising expenditure on forestry by the government and the increased number of players in the wood industry are the major factors that are driving the market growth in the United Kingdom. In terms of sales volume, Germany is the fastest-growing market with a CAGR of 5.1%. The increased demand for stump grinders in Germany can be attributed to the increased municipal and forestry expenditure in the country
