Wood Chipper Market Poised to Reach US$ 598.6 Million by 2032, Sustaining a 3.4% CAGR on a Growth Trajectory
The Wood Chipper Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Wood Chipper market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Wood Chipper. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2032. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.
According to Future Market Insights, the size of the
worldwide wood chipper market is anticipated to increase from US$ 430.4 million
to US$ 598.6 million by 2032, with annual sales increasing at a 3.4% CAGR.
Demand for wood chippers is primarily driven by expanding
applications across end-use industries, including construction, forestry &
biomass, paper & pulp, timber factories & sawmills. This trend is
anticipated to continue over the projected period.
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Modern machinery called wood chippers is used to break down
wood into smaller wood chips that can be burned as fuel in a variety of
industries. Large parts of trees no longer need to be transported between
locations thanks to these machines.
The excessive demand for wood chippers for industrial
applications is mainly due to the ongoing infrastructural development and
adoption of new technologies in the industrial sector.
Similarly, rising spending on infrastructure and
construction across the world is likely to generate huge demand for wood
chippers during the projected period (2022-2032).
In addition to this, technological advancements in wood
chippers and growing popularity of electric machines are expected to boost the
global wood chipper market over the next ten years.
Key Takeaways from Wood Chippers Market Study
- By
product type, the drum type segment is projected to grow at 3.5% CAGR
through 2032.
- Based
on end use, the pulp and paper industry is set to hold more than 1/4th of
the market share on a value basis by the end of the forecast period.
- By
fuel type, diesel-powered wood chipper sales are set to surge at a CAGR of
approximately 3.9% over the coming decade.
- Europe accounted
for more than 1/3rd of the global wood chipper market in
2022.
- Demand
for wood chippers across North America is poised to grow at a
steady pace during the next ten years.
- The
wood chipper market is expected to grow at 3.7% CAGR between 2022 and
2032.
“The wood chippers demand is expected to boost in the
upcoming period owing to increasing investments in infrastructure development,
especially in developing countries.” says a Future Market Insights
analyst.
Who is Winning?
The Wood Chippers Market is moderately fragmented with more
than 100 players across the world. Key players currently account for around
20-25% of the market share. In order to achieve more sales top companies are
creating contracts with end users and developing custom products according to
needs of the customer. Besides this, they are focused on enhancing their sales
network in order to achieve a strong global presence.
- Terex,
Morbark
- Bandit
- Vermeer
- Patriot
Products Inc.
- Avant
Tecno Oy
- Bruks
- Siwertell
Ab
- Bugnot
52
- Crary
Industries, Inc.
- Wajax
Limited
- Barreto
Manufacturing Inc.
- Salsco
Inc.
- Vecoplan,
LLC
- Bca
Industries Inc.
- Pequea
Machine, Inc.
Find More Valuable Insights
The research report analyzes demand for Wood Chippers
market. The global Wood Chippers Market has been analyzed with the COVID-19
impact, various macroeconomic factors, market trends and market background. As
per Future Market Insights, the market has been analyzed on the basis of
product type, fuel type, capacity type, end use and region.
The report provides qualitative and quantitative information
on various players in this market. This report also tracks the market by both
supply side and demand factors.
Key Segments Covered In Wood Chipper Industry Analysis
By Product Type:
- Disc
Type
- Drum
Type
- Screw
Type
By Fuel Type:
- Diesel
Engine
- Petrol
Engine
- Electric
Driven
By Capacity:
- 10-250
kg/hr
- 250-3000
kg/hr
- 3000-10000
kg/hr
- Above
10000 kg/hr
By End Use:
- Construction
- Forestry
& Biomass
- Paper
& Pulp
- Timber
Factories & Sawmills
- Others
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