Industry Outlook

Wood chipper machines market to grow and registered global market value of US$ 323.2 Mn in 2020 and anticipated to exhibit a growth with a CAGR of 2.3% from 2021 to 2029. Wood chipper machine or wood chipper reduce tree trunks and small branches into smaller woodchips and sawdust. The chips are extensively used paper and pulp industries, wood recycling and numerous other manufacturing processes. Besides, wood chipper machines are used by professionals including arborists (tree surgeons), landscapers, and gardeners. Wood chipper machine provides an environmental friendly and clean way to dispose of forest, agricultural, parks and garden wastes. Furthermore, use of wood chipper machines in construction industries, furniture making and cleaning-up of streets after natural calamities are boosting the demand for efficient and heavy duty wood chipper machines.

"Electric Motors to Claims Share from IC Engines During the Forecast Period from 2021 to 2029"

In 2020, IC engine powered wood chipper machines lead the overall market in terms of market value. Most of the wood chipper machines are powered by IC engines and are available from 1 HP to 1,000 HP. Standalone wood chipper machines with hydraulic cranes are also used for heavy-duty applications such as timber processing and sawmills. However, factors such as environmental concerns, rising fuel prices and maintenance cost associated with IC engines are stimulating consumers to shift towards electric wood chipper machines. Electric motor is an efficient and environment friendly power source for wood chipper machines with a wide range of availability and power ranges. Owing to the merits over IC engine wood chippers, electric wood chipper machines are expected to claim a considerable share in the overall wood chipper machines market during the forecast period from 2021 to 2029.

"Drum Wood Chipper Machines used for Heavy Duty Applications lead the segment by Cutter Type"

In 2020, drum type wood chipper machines held the largest market share in the overall wood chipper machines market across globe. Heavy industries such as paper & pulp industries, forestry & biomass, and construction often prefer drum wood chipper machines because of high operational speed and efficient wood chipping in desired sizes. However, drum wood chipper are associated with some safety concerns and to avoid mishaps should br provided with proper safety measures. Disc type wood chipper machines trail drum type in terms of market value. The disc wood chipper machines are generally used for making of furniture and particleboards.

"Growing Paper & Pulp Industry Portrayed North America as the Largest Market for Wood Chipper Machines in 2020"

Presence of vast number of paper & pulp industries, construction industries, forestry & biomass and timber factories & sawmills have encouraged the sales of wood chipper machines across the region. In addition, procurement by local municipal corporation in order to clear debris and fallen trees after natural calamities have supported the sales of wood chipper machines in this region. Europe is ranked second to North America and is expected to show similar growth trend with more than 40% of the total land area covered under forest. Optimistic growth in forest area provides ideal growth opportunities for wood chipper machines market.

"Stiff Competition to Keep Major Wood Chipper Machine Manufacturers on their Toes"

Overall wood chipper machines market is highly competitive in nature characterized by several local as well as international players including Avant Tecno Oy, Redwood Global Ltd., Changzhou LEFA Industry and Trade Co., Ltd., Continental Biomass Industries (Terex Corporation), EMB MFG, INC., Trelan Manufacturing., UNTHA shredding technology GmbH, Salsco, Inc., Laitilan Metalli Laine Oy, Vermeer Corporation., Teknamotor Company, and Bandit Industries, Inc.  Leading wood chipper machines manufacturers are continuously engaged in new product development offering high efficiency and more safety features. Manufacturers are providing extended warranties and dedicated backup and support to attract customers and expand their sales. Making long-term partnerships with municipal corporations, local contractors, arboricultural contractor, tree surgeons and forest department is another vital strategy adopted by wood chipper machine manufacturers to stay competitive in this fragmented market.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Wood Chipper Machines market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Wood Chipper Machines market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Wood Chipper Machines market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Wood Chipper Machines market?
• Which is the largest regional market for Wood Chipper Machines market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Wood Chipper Machines market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Wood Chipper Machines market worldwide?