As per Future Market Insights, the global wood chipper market size is expected to grow from 430.4 Mn $ to 598.6 Mn $ by 2032, with overall sales accelerating at 3.4% CAGR throughout the forecast period.
Rising applications across end-use sectors such as construction, forestry & biomass, paper & pulp, timber factories & sawmills is a key factor driving demand for wood chippers and the trend is likely to continue during the forecast period.
Wood chippers are advanced equipment used for reducing wood into smaller wood chips, that can be used as fuels across various industries. These machines eliminate the need for carrying large portions of trees across from one place to another.
The excessive demand for wood chippers for industrial applications is mainly due to the ongoing infrastructural development and adoption of new technologies in the industrial sector. Similarly, rising spending on infrastructure and construction across the world is likely to generate huge demand for wood chippers during the projected period (2022-2032).
In addition to this, technological advancements in wood chippers and the growing popularity of electric machines are expected to boost the global wood chipper market over the next ten years.
Get Access To Sample Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-15736
Key Takeaways from Wood Chippers Market Study
- By product type, the drum type segment is projected to grow at 3.5% CAGR through 2032.
- Based on end use, the pulp and paper industry is set to hold more than 1/4th of the market share on a value basis by the end of the forecast period.
- By fuel type, diesel-powered wood chipper sales are set to surge at a CAGR of approximately 3.9% over the coming decade.
- Europe accounted for more than 1/3rd of the global wood chipper market in 2022.
- Demand for wood chippers across North America is poised to grow at a steady pace during the next ten years.
- The wood chipper market is expected to grow at 3.7% CAGR between 2022 and 2032.
"The wood chippers demand is expected to boost in the upcoming period owing to increasing investments in infrastructure development, especially in developing countries." says a Future Market Insights analyst.
Who is Winning?
The Wood Chippers Market is moderately fragmented with more than 100 players across the world. Key players currently account for around 20-25% of the market share. In order to achieve more sales top companies are creating contracts with end users and developing custom products according to needs of the customer. Besides this, they are focused on enhancing their sales network to achieve a strong global presence.
Some of the key players in this industry include but are not limited to Bandit, Vermeer, Patriot Products Inc, Avant Tecno Oy, Bruks, Siwertell Ab, Bugnot, Crary Industries, Inc, Wajax Limited Barreto Manufacturing Inc, Salsco Inc, Vecoplan, LLC, Bca Industries Inc, and Pequea Machine, Inc.
Customization Report Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-15736
Find More Valuable Insights
The research report analyzes the demand for the Wood Chippers market. The global Wood Chippers Market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed based on product type, fuel type, capacity type, end use and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both supply side and demand factors.
Wood chipper manufacturers are concentrating their efforts on research and development (R&D) activities to provide safe and advanced wood chipper machines. Wood chippers are more powerful tools that have the potential to cause injury if used improperly.
Key Segments Covered In Wood Chipper Industry Analysis
By Product Type:
- Disc Type
- Drum Type
- Screw Type
By Fuel Type:
- Diesel Engine
- Petrol Engine
- Electric Driven
- 10-250 kg/hr
- 250-3000 kg/hr
- 3000-10000 kg/hr
- Above 10000 kg/hr
By End Use:
- Forestry & Biomass
- Paper & Pulp
- Timber Factories & Sawmills
Request a Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-15736
About Future Market Insights - Industrial Automation
The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing and identifying new revenue prospects.
Explore Our Trending Reports of FMI's Industrial Automation Market Insights Landscape
Absorbent Glass Mat (AGM) Battery Market Size - The global absorbent glass mat (AGM) battery market was worth US$ 11 Billion in 2021 and is anticipated to increase 5.3% year on year to US$ 11.2 Billion in 2022.
Solar Inverter Market Size - The Global Solar Inverter Market Size is forecast to grow year-on-year by 5.0% in 2022, reaching a valuation of about US$ 11 Bn in 2022.
Warehouse Robotics Market Size - Demand in the global warehouse robotics market is projected to surpass US$ 5 Bn in 2022, growing at an impressive 13% CAGR over the forecast period.
Metal Recycling Equipment Market Size - The global metal recycling equipment market size is estimated to total US$ 6.9 Bn in 2022. The sales of metal recycling equipment are expected to exceed US$ 11.5 Bn by the end of 2032,
Sirens Market Size - The sirens market is likely to secure a valuation of US$ 170.1 Million in 2022. The sirens market is estimated to reach a value of US$ 244.0 Million by 2032 with a CAGR of 3.7% 2032.
Material Handling Equipment Market Size - According to Future Market Insights, the worldwide material handling equipment market is expected to be valued at US$ 27,345.2 Million in 2022.
Non-Destructive Testing Equipment Market Size - The global non-destructive testing equipment market size is expected to be valued at US$ 17,324 Million in 2022.
Mobile Substations Market Size - The mobile substation market is projected to be worth US$ 934.7 million in 2022. With an expected CAGR of 7.2%,
Laser Cutting Machine Market Size - According to Future Market Insights (FMI), between 2022 and 2032, the Global market for Laser Cutting Machine will grow at a CAGR of 5.8%, reaching a valuation of US$ 5,974.1 Mn in 2032.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.
Future Market Insights, Inc
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
United Arab Emirates
For Sales Enquiries: firstname.lastname@example.org
Browse All Reports: https://www.futuremarketinsights.com/reports
This content is published on behalf of the above source. Please contact them directly for any concern related to the above.
This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.