The global Wood Chipper Machines market size is expected to be worth around US$ 470.0 million by 2027, according to a new report by Vision Research Reports.
The global Wood Chipper Machines market size was valued at US$ 387.3 million in 2019 and is anticipated to grow at a CAGR of 2.2% during forecast period 2020 to 2027.
Growth Factors
Rising use of wood chipping machines for reducing tree trunks and branches into is likely to drive the demand for wood chipping machines.
Increasing demand for woodchips that are used as a biomass solid fuel is likely to propel the demand for various types of chippers, including drum, disc, and screw wood chippers, across the globe. Furthermore, the growing utilization of woodchips as raw material for producing wood pulp is expected to augment the market growth over the forecast period.
Advancement in the global forestry industry is expected to propel the demand for a wide array of wood chippers over the forecast period. The extensive demand for wood chipping machines across multiple industries, including paper and pulp, forestry, and furniture, for chipping wood that is used as a raw material is anticipated to drive the market.
The market growth is expected to bolster in the years to come owing to the extensive usage of the product in removing the unnecessary shrubs and branches that are likely to reluctantly result in the landfill. Additionally, the availability of a wide range of wood chippers in different sizes and designs is making the product suitable for various end-use industries, thereby fueling market growth.
Report Highlights
The drum wood chippers segment dominated the global market and accounted for 42.04% share in terms of revenue in 2019. The product segment is expected to continue its lead in the forecast period as it offers the same knife velocity throughout unlike the other types of wood chippers, thereby producing more amount of homogenous wood chips.
The disc wood chippers segment accounted for the second-largest revenue share in 2019 and is projected to expand at a CAGR of 2.1% over the forecast period. The disc wood chippers offer superior energy efficiency, and thereby consume a lesser amount of fuel. Furthermore, the product type is developed with a comparatively simpler design that integrates discharge and comminuting systems in one synergic device.
Based on end-use, the market is primarily categorized into forestry and biomass, timber factories and sawmills, paper and pulp, and construction. The paper and pulp end-use segment accounted for the largest revenue share of almost 39.0% in 2019 and is projected to continue its lead in the future. Wood chippers are primarily used for making chips from wood pulp to ensure that cooking chemicals are easily, uniformly, and completely absorbed during the production of mechanical or chemical pulp.
The timber factories and sawmills segment emerged as the second-largest application segment with a 26.6% share of the global revenue in 2019. Rising demand for drum wood chippers for processing wood residuals from sawmill and timber factories is anticipated to support the segment growth over the forecast period.
The forestry and biomass segment is anticipated to expand at the fastest CAGR of 2.6% from 2020 to 2027 owing to the product attributes, such as whole trees processing and ensuring lesser labor requirements. Furthermore, the product is anticipated to witness a surge in demand in applications, such as furniture and landscaping, due to the availability of the product in several designs that include various sizes and compact structures, thereby offering ease in operation.
Europe dominated the global market and held a 30.6% share of the overall revenue in 2019 and is projected to witness significant growth over the forecast period. Mandates and recommendations by the government authorities of the European economies, such as Germany and the U.K., to utilize wood chipper machines for clear calamity stricken areas and debris are expected to drive the market.
North America accounted for 29.5% share of the overall revenue in 2019 and is estimated to expand at a significant CAGR over the forecast period. A high concentration of major players operating in the North American paper and pulp industry is likely to bolster the demand for wood chipper machines required for producing the wood chips.
Asia Pacific accounted for the third-largest market revenue share in 2019 and is anticipated to expand at the highest CAGR of 3.1% from 2020 to 2027. Technological revolution resulting in the development of product designs, such as remote-controlled wood chippers, is anticipated to broaden the scope of innovation, thereby ensuring growth opportunities for the market.
China dominated the Asia Pacific market and accounted for a 45.7% share of the overall revenue in 2019. Increasing construction activities, coupled with rising demand for sophisticated furniture, are anticipated to boost the demand for wood chipper machines in the economy over the forecast period.
Key Players
Terex
Morbark
Bandit
Vermeer
MTD Products
Peterson
J.P. Carlton
ECHO Bear Cat
MTD Products
Patriot
Brucks
Zenoah
Weifang Fred Machinery
China Foma (Group)
Rivim
Market Segmentation
Product Type Outlook
Drum
Disc
Others
End-use Outlook
Forestry & Biomass
Paper & Pulp
Timber Factories & Sawmills
Construction
Others
Regional Outlook
North America
The U.S.
Canada
Mexico
Europe
Germany
France
Italy
The U.K.
Asia Pacific
China
India
Japan
Australia
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
South Africa
The Wood Chipper Machines market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Wood Chipper Machines market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Wood Chipper Machines market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Wood Chipper Machines market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Wood Chipper Machines market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Wood Chipper Machines capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Wood Chipper Machines by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Wood Chipper Machines market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Wood Chipper Machines market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Wood Chipper Machines market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Wood Chipper Machines industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Wood Chipper Machines market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Wood Chipper Machines market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Wood Chipper Machines market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Wood Chipper Machines market. These factors have benefited the growth of the global market for Wood Chipper Machines. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Wood Chipper Machines. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Wood Chipper Machines are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers