Compost Turning Machine Market Estimated CAGR Of 3.6% Between 2018-2028

The study on the Compost Turning Machine covers a comprehensive assessment of market trends, volume and value (US$ Mn) projections, industry developments, dynamics (drivers, restraints, trends & opportunities) and competition landscape pertaining to the global Compost Turning Machine market for the study period 2018 to 2028. Compost turning machines are widely employed in construction, agriculture, and manufacturing industries. The global compost turning machine market is projected to reach around US$ 150 million towards the end of the forecast period, at an estimated CAGR of 3.6% during 2018-2028.

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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.

Increasing Concern about Food Waste Management & Recycling Pushing Demand 

Increasing frequency of environmental changes is compelling consumers to move towards food waste recycling machines. Moreover, there has been an increasing level of awareness about food wastage among consumers, which is highlighting the importance of food waste recycling machines. This is one of the primary boosters for the revenue growth of compost turning machine market. According to research, the household sector accounts for over half of the food wasted, particularly in developed countries. Such factors are more likely to elevate the demand for compost turning machines throughout the forecast period.

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.

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By Segmentation:

By Product Type

  • Drum (Compost Turning Machine)
  • Elevating Face (Compost Turning Machine)

By Output Capacity

  • < 500 cubic meters per hour
  • 500 – 1000 cubic meter per hour
  • >1000 cubic meter per hour

By End Use

  • Construction Industry (Compost Turning Machine)
  • Agriculture Industry (Compost Turning Machine)
  • Manufacturing Industry (Compost Turning Machine)

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia & Pacific
  • China
  • India
  • Japan
  • Middle East and Africa

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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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