The global wood chipper market has seen significant growth, reaching a valuation of USD 418.2 Million in 2021, poised to exceed USD 430.4 Million by the close of 2022. This upward trajectory is expected to continue, driven by increasing adoption across diverse end-use sectors. Projections indicate a steady 3.4% compound annual growth rate (CAGR) between 2022 and 2032, culminating in a total market value of USD 598.6 Million by 2032.
Wood chippers serve as robust machines designed to efficiently reduce wood, predominantly tree limbs and trunks, into smaller wood chips. These devices play a pivotal role in streamlining cleanup processes, offering an ideal solution for minimizing the workload associated with garden maintenance.
Their utility extends beyond residential settings, finding growing applications across construction sites and various industries. Wood chippers facilitate the chipping of a wide array of wood materials into smaller chips, which can then be conveniently transported and utilized as fuel across multiple sectors.
Regional Insights
According to FMI (Future Market Insights), the wood chipper market in China is expected to witness a robust growth trajectory, with a projected compound annual growth rate (CAGR) of 3.7% over the forecast period spanning from 2022 to 2032. This growth can be attributed to several factors including the rapid expansion of the construction industry, supportive government policies, and the widespread availability of wood chippers at competitive prices.
China boasts the largest construction market in East Asia, encompassing a broad spectrum of projects ranging from infrastructure development to energy and utility construction, residential housing, commercial buildings, and industrial facilities.
Meanwhile, in the United States, the wood chipper market is poised for steady expansion throughout the assessment period. This growth is driven by the increasing utilization of wood chippers, particularly within the thriving paper and pulp industry, as well as the construction sector.
Recent Developments
- In September 2022, Timberwolf launched the RW 280HB, a hybrid wood chipper, to meet the growing industry trend toward more sustainable solutions.
- In 2020, Vermeer EMEA launched the BC200, a brush chipper, its first machine fully developed in the Netherlands.
Key Companies
- 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.
Key Segments
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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Website: https://www.futuremarketinsights.com
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