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WOOD CHIPPER MARKET REPORT OVERVIEW
The global wood chipper market size was USD 340.2 million in 2022 and the market is projected to touch USD 428.4 million by 2028, exhibiting a CAGR of 3.9% during the forecast period.
A wood chipper is a mechanical apparatus crafted to break down wood into smaller fragments or chips. It usually comprises a feeding hopper for inserting the wood, a cutting mechanism (like blades or rollers) to fragment the wood, and an outlet chute for ejecting the resultant wood chips.
Widely employed in forestry, landscaping, and agricultural settings, wood chippers are utilized to manage branches, limbs, and other wood waste by reducing them to manageable sizes for diverse applications such as mulching, composting, or disposal. These devices are available in various sizes and setups to suit different wood types and quantities.
COVID-19 Impact: Increased Demand for Outdoor Activities due to Supply Chain Disruptions
Lockdowns and restrictions have spurred a greater interest in outdoor pursuits such as gardening and landscaping, leading to an increased demand for wood chippers as individuals seek efficient tools to handle green waste.
Disruptions in the global supply chain, stemming from factors like factory closures, transportation restrictions, and shortages of raw materials, have presented challenges for the wood chipper industry, resulting in delays in both manufacturing and product delivery.
LATEST TRENDS
"Increased Adoption of Electric and Battery-Powered Models, Integration of Advanced Features to Drive Market Growth"
Electric and battery-powered wood chippers, in contrast to gas-powered ones, emit fewer emissions, aligning with heightened environmental consciousness and apprehensions about air and greenhouse gas pollution. Consequently, consumers are gravitating towards these cleaner options. Moreover, their quieter operation renders them particularly suitable for residential settings where noise pollution is a consideration, thereby enhancing the user experience and reducing disturbances to neighbors. Manufacturers are integrating advanced functionalities like automatic feeding mechanisms, self-sharpening blades, and safety sensors to enrich user satisfaction and enhance operational efficiency. These enhancements are tailored to meet the changing demands of consumers and bolster overall productivity.
WOOD CHIPPER MARKET SEGMENTATION
By Type
Based on type the global wood chipper market can be categorized into Drum-Chipper, Drum-style, Disc-style, and Other.
- Drum-Chipper: Drum-chipper wood chippers are equipped with a cylindrical drum containing blades or knives along its surface. Wood is fed into the drum, where the rotating blades chip it. Renowned for their capacity to handle substantial wood volumes efficiently, they excel in high throughput processing.
- Drum-style: Drum-style wood chippers operate akin to drum-chipper models but often integrate extra functionalities like adjustable feed rates and discharge mechanisms. Renowned for their versatility, they effortlessly manage different wood materials, rendering them favored choices in forestry and landscaping sectors.
- Disc-style: Disc-style wood chippers employ a spinning disc with blades attached to its surface to chip wood material. These chippers excel in high-speed chipping and are ideal for breaking down branches, limbs, and brush into smaller chips. Their efficiency and capacity to generate uniform chip sizes make them a popular choice.
- Other: This classification encompasses specialized or hybrid wood chipper designs integrating distinctive features or functions. Examples could encompass combination drum/disc chippers or chippers tailored with specific capabilities to meet niche applications or user needs.
By Application
Based on application the global wood chipper market can be categorized into Forestry & Biomass, Tree Care, Sawmill, and Others
- Forestry & Biomass: In forestry and biomass applications, wood chippers play a key role in transforming logging residues, forest thinnings, and other woody biomass into wood chips. These chips serve various purposes, including biomass energy production, pulp and paper manufacturing, or as raw material for wood pellet production. Wood chippers are essential tools for forestry and biomass industries, enabling efficient management of wood waste and maximizing resource utilization.
- Tree Care: Within the tree care sector, wood chippers are integral for maintaining and removing trees. Arborists and tree care experts utilize chippers to break down branches, limbs, and tree debris into smaller chips, which can then be repurposed for mulch or composting. Wood chippers significantly contribute to streamlining and securing tree care operations by aiding in the disposal of woody material.
- Sawmill: Wood chippers play a vital role in sawmill operations by converting sawmill residues like bark, slabs, and edgings into usable wood chips. These chips find applications in pulp and paper production, composite panel manufacturing, or as fuel for biomass boilers. Sawmills depend on wood chippers to optimize the recovery of usable wood from sawmill by-products, thereby minimizing waste and boosting profitability.
- Others: This classification covers various applications where wood chippers are employed for specific purposes customized to individual industries or user needs. Examples may span landscaping, construction, agriculture, or municipal waste management, among others. With their versatility and adaptability, wood chippers are capable of being utilized across a broad spectrum of applications to effectively process wood waste.
DRIVING FACTORS
"Increasing Demand for Biomass Energy to Boost the Market"
The increasing emphasis on renewable energy sources and climate change concerns has spurred wood chipper market growth in the demand for biomass energy. Wood chippers, vital for processing woody biomass, are integral to the expansion of the biomass energy production market.
"Expansion of Forestry and Landscaping Industries to Expand the Market"
The growth of forestry and landscaping sectors, propelled by urbanization, infrastructure development, and environmental conservation initiatives, is driving the market demand for wood chippers. These industries rely on wood chippers for diverse applications such as tree maintenance, land clearing, and waste management.
RESTRAINING FACTORS
"High Initial Investment Costs to Potentially Impede Market Growth"
The initial capital needed to acquire wood chippers, particularly premium and advanced models, can be substantial. This financial hurdle might discourage prospective purchasers, especially smaller enterprises or individuals operating within constrained budgets, from investing in such equipment.
WOOD CHIPPER MARKET REGIONAL INSIGHTS
"North America Region Dominating the Market due to sustainable forestry practices"
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America and Middle East & Africa.
In North America, the wood chipper market share, propelled by strong demand from the forestry, landscaping, and agriculture sectors. The United States and Canada dominate as key consumers of wood chippers, prioritizing sustainable forestry practices and biomass energy production. Additionally, market growth is bolstered by increasing urbanization and infrastructure development projects, particularly in tree care and waste management applications.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through high-performance chippers"
Prominent players in the wood chipper market encompass Vermeer Corporation, Renowned for providing a diverse array of wood chippers tailored for forestry, landscaping, and tree care applications. Vermeer is recognized for delivering robust, high-performance chippers distinguished by their durability and innovative features.
List of Market Players Profiled
- Terex (U.S.)
- Morbark (U.S.)
- Bandit (U.S.)
- Vermeer (U.S.)
- Peterson (U.S.)
INDUSTRIAL DEVELOPMENT
January 2024: The individuals and entities driving innovation forward are highlighted, with a thorough examination of the revenue dynamics, volume metrics, and overall scale of this industry, providing a comprehensive analysis.
REPORT COVERAGE
The future demand for wood chipper market is covered in this study. The Research report includes the Increased Demand for Outdoor Activities due to the Covid-19 Impact. The report covers the latest trends in Integration of Advanced Features. The paper includes a segmentation of the wood chipper market. The research paper includes the driving factors that are Increasing Demand for Biomass Energy to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for wood chipper.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 340.2 Million in 2022 |
Market Size Value By |
US$ 428.4 Million by 2028 |
Growth Rate |
CAGR of 3.9% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the wood chipper market expected to touch by 2028?
The global wood chipper market is expected to reach 428.4 million by 2028.
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What CAGR is the wood chipper market expected to exhibit by 2028?
The wood chipper market is expected to exhibit a CAGR of 3.9% by 2028.
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Which are the driving factors of the wood chipper market?
Increasing Demand for Biomass Energy, and Expansion of Forestry and Landscaping Industries are some of the driving factors of wood chipper market.
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What are the wood chipper market segments?
The wood chipper market segmentation that you should be aware of, which include, Based on type the wood chipper market is classified as Drum-Chipper, Drum-style, Disc-style, and Other. Based on application wood chipper market is classified as Forestry & Biomass, Tree Care, Sawmill, and Others.