According to Future Market Insights, the global wood chipper market is projected to grow from USD 430.4 million in 2022 to USD 598.6 million by 2032, with an overall sales growth rate of 3.4% CAGR throughout the forecast period.
The demand for wood chippers is primarily driven by their increasing applications in various end-use sectors, including construction, forestry and biomass, paper and pulp, and timber factories and sawmills. This trend is expected to persist during the forecast period.
Wood chippers are sophisticated machines designed to reduce wood into smaller chips, which can be utilized as fuel in multiple industries. These machines eliminate the need to transport large pieces of wood, making operations more efficient.
The rising demand for wood chippers in industrial applications is largely attributed to ongoing infrastructure development and the adoption of innovative technologies in the industrial sector.
Moreover, increased global spending on infrastructure and construction is anticipated to significantly boost the demand for wood chippers from 2022 to 2032.
Technological advancements in wood chipper design, along with the growing popularity of electric models, are also expected to contribute positively to the global wood chipper market in the coming decade.
Key Takeaways from Wood Chippers Market Study
- By product type, 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.
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.
Competitive Landscape
Key players in the global wood chipper market include 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., and Pequea Machine, Inc., among others.
These prominent manufacturers are actively working to expand their customer base and enhance their revenue shares through strategies such as new product launches, partnerships, mergers, acquisitions, and collaborations.
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
Report Preview: https://www.futuremarketinsights.com/reports/wood-chipper-market
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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