Wood Grinder Market Size, Share, and Industry Analysis, By Type (Vertical Grinders, Horizontal Grinders), By Application (Forest, Recycling, Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Wood Grinder Market Report Overview

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The global wood grinder market size was USD 241 million in 2021 and is projected to touch USD 364.87 million by 2031, exhibiting a CAGR of 4.2% during the projected period.

A wood grinder is a machine tool that is used to grind, typically with an abrasive wheel. The equipment is employed to finish a diverse range of pieces ranging from household goods to aviation parts and components. As a result, grinding machines are useful for a wide range of implementations. The machines are typically utilized to provide accurate shape and completing to semi-finished products/materials with low surface coarseness and high surface quality. This is traditionally used mostly for smoothing relatively small amounts of metal in order to produce highly accurate products. The machines had also found immense absorption across a variety of industries globally due to stringent requirements for precise completing across various applications.

COVID-19 Impact: Supply and Lockdown Limitations to Impede Market Advancement

The global COVID-19 pandemic has been unprecedented and staggering, with wood grinder experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Coronavirus has had a negative impact on the growth of many businesses, including the industries of construction and manufacturing. Regional governments around the world levied shutdown, causing business owners to see a reduction in the demand for the machines in the second and third quarters of 2020.

With the decrease in demand, manufacturers or industrialists have pursued out ways to reach the construction sector and government concessions in order to increase their product sales in the third and fourth quarters of 2020. The reopening of initiatives and construction sites has cleared the way for the machines manufacturers in the market, and growing demand is anticipated to reach at greater levels during the estimated timeframe. Therefore, making the machinery to reach at greater heights.

LATEST TRENDS 

"Quiet Operation and Debris-Free Outputs to Stimulate Market Development "

The machinery quiet operation and debris- free output are also important features. A mixture of counter knives as well as a cutting or snipping rotor produces uniform-sized wood chips. A reduced, high-torque rotor ensures large capacity and precise size. Furthermore, the machinery makes no sound or emit any fumes, ensuring a secure climate for both people and the environment.

The primary utilisation of wood for furniture is in the form of wooden pallets. Many wood industries import raw wood and procedure it into appealing and stylish furniture. To meet the requirements of this industry, wood must be recycled and reused in a safe manner. With recent technological advancements, the wood grinder is fulfilling these needs.

The wood grinder market growth is expected to grow at a rapid rate throughout the forecast period because of the improvements in the machinery.

Wood Grinder Market Segmentation

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• By Type

Based on type; the market is divided vertical grinders, horizontal grinders

Vertical grinders type is the leading part of the type segment.

• By Application

Based on the application; the market is divided into forest, recycling, others

Forest is the leading part of the application segment.

DRIVING FACTORS

"Implementation by the Industrial Sector to Aid Market Expansion "

Wood grinding is an unavoidable process in just about any industrial manufacturing implementation, making the machine among the most important machines in the industry. Due to the high demand for machine tools around the world, the wood grinder machine market is expected to grow rapidly over the next few years.

"Capability of Pulverising a Wide Range of Waste by the Machinery to Foster Industry Progress "

To completely eradicate manual feeding, the wooden pallet extensive crusher or wood grinder machines employs grab machines. The machine is capable of pulverising a wide range of waste templates, such as offcuts, twigs, moss wood, cotton stalks or residue, and some other wastes. The machine can indeed be controlled remotely or with fully automated feed starting and stopping functions, saving labour and ensuring manufacturing safety. It can work with any kind of wood, which include hardwood or solid wood, softwood, as well as plywood.

The machine's high quality ensures a long service life. It has an excellent crushing ratio of 90%. Its ease of preservation is also a plus. It has a hydraulic and manual shield that opens and closes the back cover. Furthermore, the machine can work with a wide variety of raw resources. The machines are capable of separating nails.

RESTRAINING FACTORS

"Difficult Installation Procedures and High Purchasing Cost to Hinder Market Advancement "

Installation of the machines is a bit complicated as it requires a necessary check for all hydraulics hoses to ensure for leakages. Each installation must be carefully planned and executed, which sometimes calls for an expert with extensive installation experience. Furthermore, there is a huge requirement for a check for ensuring cleanliness as they can be sometimes reactive to the changes that occur in the environmental conditions. During the anticipated period, the wood grinder market share is anticipated to be hindered by difficult installation procedure and the maintenance cost and procedures.

Wood Grinder Market Regional Insights 

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"Rapid Industrial Growth and Urbanisation to Foster Market Advancement in North America"

North America is expected to account for a sizable portion of the wood grinder machines market. Popularity from end-use industries like construction and maintenance will most likely increase over the projected timeframe. The advantages and utilisation of using best quality woods are anticipated to provide a boost to the economic expansion of the wood grinder market share in North America during the projected timeframe. North America accounts for nearly one-fourth of global wood grinder machines market sales. Grinding is an unavoidable process inside any industrial manufacturing assessment, making the machine among the most important machines in the industry. Because of the high demand for machine tools around the world, the global wood grinder market is expected to grow rapidly in the coming years. The most important factor driving market growth is the constantly expanding manufacturing and construction sector and the global revival of the automotive industry. Due to volatile economic conditions, the automotive industry, particularly in advanced economic systems such as North America, experienced a gradual slowdown at the start of this decade. However, with capital markets demonstrating financial stability, the manufacturing sector and automotive sector within these regions is destined to gain back its previous growth levels, providing the industry with the necessary boost. Demand in this region is primarily driven by the development and construction industries. The rising trend of investment in large-scale building structures and office towers in North America is likely to provide ample opportunities in the short and medium-term forecast period.

KEY INDUSTRY PLAYERS

"Notable Players in the Industry to Promote Market Expansion "

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on wood grinder market. The study describes the wood grinder market size features, and market growth by type, industry, and customer sector. Furthermore, it presents a complete examination of commercialization factors prior to and following the Covid-19 pandemic.

List of Market Players Profiled 

• Bandit Industries (U.S.)
• Terex Corporation (U.S.)
• Vermeer (U.S.)
• Morbark (U.S.)
• Vecoplan AG (U.S.)
• Komptech Group (Austria)
• Astec Industries (U.S.)
• DuraTech Industries (U.S.)
• Doppstadt (Germany)
• Zhongbang (China)
• Zhengzhou Yuanxiang (China)
• TAGAMI EX (Japan)

REPORT COVERAGE

The industry report examines the global market, geographic and country-level market sizes, categorization market expansion, market share, competitor analysis, sales trends, influence of domestic and international market players, supply chain enhancement, trade laws, latest developments, possibilities analysis, business strategy market expansion analysis, product releases, area competitive landscape expanding, and technological advancements.