Market Research Future (MRFR) has published a cooked research report on the “Global Wood chipper Market” that contains information from 2018 to 2032. The Wood chipper market is estimated to register a CAGR of 3.80% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Wood chipper market— Vermeer Corporation, Bandit Industries, Inc., Morbark, LLC, J.P. Carlton Company, Terex Corporation (Wood Processing), Peterson Pacific Corp., Schliesing Maschinenbau GmbH, Albach Maschinenbau GmbH, GreenMech Ltd. And TS Manufacturing Co
Wood Chipper Market Highlights
The global Wood chipper market is accounted to register a CAGR of 3.80% during the forecast period and is estimated to reach USD 0.71 billion by 2032.
The wood chipper market is growing due to rising demand in the forestry and landscaping sectors. Increasing emphasis on efficient wood waste management, coupled with advancements in wood chipping technology, contributes to market growth. The expanding construction and agriculture industries further drive demand for wood chippers. Additionally, environmental concerns and the need for sustainable practices encourage the adoption of wood chippers for recycling wood waste. Ongoing innovations in machine design and capabilities also contribute to the market's expansion.
Segment Analysis
The global Wood chipper market has been segmented based Product Type, Fuel Type, Capacity and End-Use.
On the basis of product type the market is segmented into Disc Type, Drum Type and Screw Type. The Disc Type segment was attributed to holding the largest market share in 2022. Disc type wood chippers are the most popular because of their efficiency and adaptability. Branches and logs are among the many types of wood products that these chippers are skilled at processing. Their sturdy disc cutting mechanism guarantees efficient and reliable chipping, which makes them appropriate for a range of uses, including commercial forestry and home landscaping.
Based on fuel type, the global Wood chipper market has been segmented into Diesel Engine, Petrol Engine and Electric Driven. The Diesel Engine segment was expected to hold the largest market share in 2022. Diesel engine fuel's advantages in power, efficiency, and adaptability have allowed it to earn the highest market share in the wood chipper business. Diesel-powered wood chippers have a lot of torque, which allows them to do heavy-duty jobs like chipping logs and huge branches.
Based on capacity, the global Wood chipper market has been segmented into 10-250 kg/hr, 250-3000 kg/hr, 3000-10000 kg/hr and Above 10000 kg/hr. The 10-250 kg/hr segment was expected to hold the largest market share in 2022 because of its adaptability and suitability for a wide range of user requirements. This capacity range is suitable for a wide range of applications, such as small-scale commercial, residential, and landscaping.
Based on end-use, the global Wood chipper market has been segmented into Construction, Forestry & Biomass, Paper & Pulp, Timber Factories & Sawmills and Others. The Construction segment was expected to hold the largest market share in 2022 because wood chippers are frequently used in construction projects for waste management, site preparation, and land removal. Construction sites are kept cleaner and more orderly when tree limbs, branches, and other wood debris are processed effectively by wood chippers.
Regional Analysis
The global Wood chipper market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Wood chipper market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Wood chipper market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Wood chipper market comprises of Middle East, Africa, and Latin America.
The largest market share for Wood chipper was maintained by the North American regional sector. North America has secured the largest market share in the wood chipper industry due to several factors. The region witnesses significant demand for wood chippers across various applications, including construction, landscaping, and forestry. Robust infrastructure development, coupled with a strong emphasis on sustainable forestry practices, drives the adoption of wood chippers. Additionally, the presence of key market players, technological advancements, and stringent environmental regulations further contribute to North America's dominance in the wood chipper market, capturing the largest share.
Moreover, the Europe market has been persistently growing over the forecast period. Europe has secured the second-largest market share in the wood chipper industry owing to its commitment to sustainable forestry practices and stringent environmental regulations. The region's emphasis on biomass energy and the utilization of wood waste for various applications drive the demand for wood chippers. Additionally, the presence of well-established forestry and landscaping sectors, coupled with technological advancements in wood processing, contributes to Europe's prominence in the wood chipper market, capturing the second-largest share.
The Asia Pacific region is experiencing the highest Compound Annual Growth Rate (CAGR) in the wood chipper market due to rapid urbanization, industrialization, and increasing demand for wood-based products. Growing construction and landscaping activities, coupled with the rising adoption of wood chippers for waste management and biomass production, drive the market's expansion. Additionally, supportive government initiatives, infrastructure development, and the booming agriculture sector contribute to the robust growth of wood chipper adoption in the Asia Pacific region, leading to the highest CAGR.
Furthermore, the rest of the world's Wood chipper market is divided into the Middle East, Africa, and Latin America. The rest of the world is experiencing growth in the wood chipper market due to expanding forestry and agriculture activities, increasing emphasis on sustainable wood waste management, and rising demand for landscaping services. The versatility of wood chippers and their role in promoting environmental stewardship contribute to the market's global growth.
Key Findings of the Study
- The global Wood chipper market is expected to reach USD 0.71 billion by 2032, at a CAGR of 3.80% during the forecast period.
- The Asia Pacific region is the fastest-growing in the wood chipper market due to booming forestry and construction activities, expanding agricultural practices, and the adoption of advanced wood waste management solutions. The region's dynamic economic growth contributes to the accelerated market expansion.
- Based on type, the disc type segment was attributed to holding the largest market in 2022, with an approximate market share of 35–40%.
- Vermeer Corporation, Bandit Industries, Inc., Morbark, LLC, J.P. Carlton Company, Terex Corporation (Wood Processing), Peterson Pacific Corp., Schliesing Maschinenbau GmbH, Albach Maschinenbau GmbH, GreenMech Ltd. And TS Manufacturing Co
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Companies Covered | 15 |
Pages | 128 |
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