(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Sept. 28, 2023 (GLOBE NEWSWIRE) -- The "Global Wood Chipper Market Size, Share, Growth Analysis, By Application, By type, By Power source, By Capacity - Industry Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering. The global wood chipper market is projected to grow from USD 430.4 million in 2022 to USD 551.2 million by 2030, at a CAGR of 3.4% during the forecast period from 2023 to 2030.
Wood chippers are robust and efficient machines used in forestry and landscaping industries to convert wood into smaller, manageable wood chips. They help reduce waste and provide a sustainable solution for recycling wood debris.
Market Segmentation
The global wood chipper market is segmented based on:
Type : This includes drum chippers, disk chippers, screener chippers, and others. Power Source : Segments include gasoline-powered wood chippers, electric-powered wood chippers, PTO-driven wood chippers, and others. Capacity : Segments include residential wood chippers, commercial wood chippers, and others. Application : Wood chippers find applications in forestry and logging, landscaping and gardening, agriculture, construction, and others. Sales Channel : Sales channels include various methods of distribution. Region : Geographical regions include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Regional Insights
North America : Dominates the global wood chipper market with an established forestry industry and a high demand for wood chippers. Asia-Pacific : Expected to exhibit rapid growth due to increasing use of wood chips in the paper and pulp industry and growing demand for biomass production.
Market Dynamics
Drivers
Sustainable Forest Management : Forestry and agriculture significantly impact the global economy. Wood chippers offer a cost-effective solution for managing wood waste, minimizing transportation expenses, and enhancing operational efficiency.
Restraints
High Initial Investment : The substantial initial investment and maintenance expenses associated with wood chippers can pose challenges for small businesses and startups, serving as an entry barrier.
Competitive Landscape
The wood chipper market is highly competitive, with key players like Bandit Industries, Vermeer Corporation, Morbark, LLC, and Peterson Pacific Corp dominating the industry. These companies are known for producing high-quality wood chippers designed to meet diverse customer needs. Smaller players also offer more affordable options, creating intense competition in the market.
This information provides an overview of the global wood chipper market, its growth prospects, and key trends.
Companies Mentioned
Bandit Industries, Inc. Vermeer Corporation Morbark, LLC Peterson Pacific Corp. Terex Corporation J.P. Carlton Company, Inc. Wood-Mizer, LLC Wallenstein Equipment Inc. Schliesing Maschinenbau GmbH GreenMech Limited Rayco Manufacturing, Inc. Albach Maschinenbau GmbH Bruks Siwertell AB (a subsidiary of JCE Group AB) Bugnot SAS Eliet Machines NV Farmer-Helper Machinery Co., Ltd. Pezzolato S.p.A. Saelen Energie Development Trelan Manufacturing, Inc. Zenoah Co., Ltd. (a subsidiary of Husqvarna Group)
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 157 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $430.4 Million |
| Forecasted Market Value (USD) by 2030 | $551.2 Million |
| Compound Annual Growth Rate | 3.4% |
| Regions Covered | Global |
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Global Wood Chipper Market
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