USD 430.4 Million
Wood Chipper Market Size, Share, Growth Analysis, By Application(Forestry and logging, landscaping and gardening, agriculture, construction), By type(Drum chippers disc chippers, screener chippers, and others), By Power source(Gasoline and electric power wood chippers, and others), By Capacity(Residential and commercial wood chippers and others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20H2018 |
Region:
Global |
Published Date: July, 2024
Pages:
202
|Tables:
116
|Figures:
77
Wood Chipper Market Insights
Wood Chipper Market size was valued at USD 445.6 Million in 2023 and is poised to grow from USD 461.2 Million in 2024 to USD 586.8 Million by 2032, growing at a CAGR of 0.035 during the forecast period (2025-2032).
Wood Chipper is becoming popular since It is increasingly being used as a biomass fuel source for power generation. For example, according to the U.S. Energy Information Administration, wood chips accounted for 25% of all renewable energy consumption in the United States in 2019. This demonstrates the significant potential of the wood chipper market to play a crucial role in the transition towards sustainable energy sources and in mitigating the harmful effects of greenhouse gas emissions.
It offers several advantages such as it is cost-efficient, environmentally friendly, and operationally efficient. Wood chippers are machines specifically designed to process wood waste in a highly efficient manner, converting it into small chips that can be utilized for different purposes. By breaking down wood waste into small chips, wood chippers can significantly reduce the amount of waste generated in the forestry and agriculture industries. Moreover, the chips produced by wood chippers can be utilized in a variety of applications, including mulching, landscaping, and even as fuel for biomass power plants. By repurposing wood waste, wood chippers can improve the overall efficiency of these industries and help reduce their environmental impact. It is also a cost-efficient tool for managing wood waste. By converting wood waste into small chips, a wood chipper reduces the volume of waste that would otherwise need to be transported and disposed of. This, in turn, can save significant costs for forestry and agricultural businesses, as they can avoid the high expenses associated with transporting and disposing of bulky wood waste. By processing wood waste into small chips, a wood chipper helps reduce the amount of waste that would otherwise end up in landfills, where it would release harmful greenhouse gasses as it decomposes. Instead, the chips produced by a wood chipper can be utilized in a variety of eco-friendly ways. For example, Wood chips can be used as a natural mulch for landscaping and gardening. This helps retain moisture in the soil, reduces erosion, and prevents weed growth, all of which can improve soil health and plant growth
US Wood Chipper Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Landscaping and gardening.
Fastest Growth
Forestry and logging.
Growth Rate
3.4% CAGR
Global Wood Chipper Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Wood Chipper Market Segmental Analysis
Global Wood Chipper market is segmented on the basis of the Wood chipper type, power source, capacity, application,sales channel, and region. By Application, the Wood Chipper Market is segmented into Forestry and logging, Landscaping and gardening, Agriculture, construction, and others. By type, the Wood Chipper Market is segmented into Drum chippers, disk chipper, Screener chippers, and others. By Power source, the Wood Chipper Market is segmented into Gasoline powered Wood chippers, Electric power Wood chipper, Pto driven Wood chippers, and others. By Capacity, the Wood Chipper Market is segmented into Residential wood chippers, commercial wood chippers, and others. By region, the Wood Chipper Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Wood Chipper Market Analysis by Application
Wood chippers are versatile machines that can be used for a variety of applications such as Forestry and logging, Landscaping and gardening, Agriculture, construction, and others. Among these, the landscaping and gardening segment is one of the largest, with widespread use in residential and commercial settings. Homeowners and landscapers use wood chippers to break down yard waste such as tree limbs, branches, leaves, and other organic materials into smaller pieces, which can be easily transported and disposed of.
On the other hand, the forestry and logging segment is emerging as the fastest-growing market for wood chippers. This is due to the increasing demand for wood chips, which are used as raw materials in various industries such as pulp and paper production and biomass energy generation. The trend towards sustainable forest management practices is further driving demand in this segment, as wood chips can be produced from byproducts of forest thinning and clearing operations.
Global Wood Chipper Market By Application 2022 (%)
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Wood Chipper Market Regional Insights
The wood chipper market is mainly controlled by the North America region. All the regions along with North America possess an established forestry industry and a high requirement for wood chippers. These regions use wood chippers to process wood waste and biomass for numerous applications, including energy production and animal bedding.
Among these regions, the Asia Pacific region is predicted to exhibit the most rapid growth in the wood chipper market in the forthcoming years. This surge in demand can be attributed to various factors, including the growing use of wood chips in the paper and pulp industry, and the increasing demand for biomass production in countries such as China, India, and Japan. Moreover, the upsurge in awareness concerning the advantages of renewable energy sources is also driving the growth of the wood chipper market in the Asia Pacific region. As a result, the wood chipper market in the Asia Pacific region is likely to witness substantial growth in the upcoming years.
Global Wood Chipper Market By Geography, 2022-2030
- Largest
- Fastest
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Wood Chipper Market Dynamics
Wood Chipper Market Drivers
Growing Forestry to Bolster Market Growth
- The forestry and agriculture sectors are major contributors to the global economy. However, these industries generate a substantial amount of wood waste that requires proper management. Efficient management of wood waste is crucial to minimize environmental impacts and ensure cost-effective operations. One effective solution to managing wood waste is through the use of wood chippers. These machines can process the wood waste into smaller, more manageable pieces, which can be used for various purposes such as composting, mulching, or even as fuel. This reduces transportation costs and improves the overall efficiency of forestry and agriculture operations. Wood chippers are a cost-effective solution for managing wood waste as they allow for the reuse of waste material, reducing the need for disposal and contributing to a more sustainable environment. The use of wood chippers also reduces the risk of fire hazards associated with large piles of wood waste, improving safety in the workplace.
Wood Chipper Market Restraints
Higher Initial Cost to Hinder Market Growth
- One of the major constraints associated with wood chippers is their high initial cost, as well as the cost of maintenance. The purchase and upkeep of wood chippers require substantial investment, which may pose a considerable challenge for small businesses or startups. The high cost can act as a significant barrier to entry for entrepreneurs who are considering investing in wood chippers for their operations. Furthermore, the expense of maintaining wood chippers can also add up quickly, particularly if the equipment is not used frequently enough to justify the costs. Consequently, many small business owners may opt to rent wood chippers as opposed to purchasing them outright, as this can be a more cost-effective alternative.
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Wood Chipper Market Competitive Landscape
The wood chipper market is a highly competitive industry that has seen significant growth in recent years. As more businesses and individuals prioritize sustainability, the demand for wood chippers has increased as they are an essential tool for managing wood waste. Additionally, the rise of the construction industry has also led to a surge in demand for wood chippers, as they are used to clear land and dispose of wood waste from construction sites. To stay ahead in this competitive market, wood chipper manufacturers are continually innovating and introducing new models that are more efficient, versatile, and environmentally friendly. This has led to the development of wood chippers that use alternative fuels, such as electricity and biofuels, and incorporate advanced safety features to improve operator safety and reduce accidents. Several key players dominate the wood chipper market, including well-established brands such as Vermeer, Bandit Industries, Morbark, and Peterson Pacific Corp. These companies are known for producing high-quality wood chippers that are designed to meet the diverse needs of their customers. However, there are also numerous smaller players in the market who are offering more affordable wood chippers, creating intense competition in the industry.
Wood Chipper Market Top Player’s Company Profiles
- 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 Developpement
- Trelan Manufacturing, Inc.
- Zenoah Co., Ltd. (a subsidiary of Husqvarna Group)
Wood Chipper Market Recent Developments
- January of 2024 The people and organizations propelling innovation are emphasized, and a detailed analysis of this industry's revenue dynamics, volume metrics, and total size is provided.
In December 2021, Bandit Industries, a manufacturer of equipment for wood waste and arboriculture, made an acquisition. The Michigan-based company has acquired Trelan Co., which is a manufacturer of tree chippers. Trelan Co. is also located in Remus, Michigan, and Bandit has purchased all of the company's assets and properties from the Schumacher family. This acquisition is significant for Bandit Industries as it will allow them to expand their product line and offer a more diverse range of equipment to their customers. With the addition of Trelan's tree chippers, Bandit Industries can now cater to a wider range of clients, including those in the forestry and logging industries.
Wood Chipper Key Market Trends
- The wood chipper market has been witnessing significant advancements in technology, leading to the emergence of new and improved wood chippers that offer better efficiency and performance. One of the notable technological advancements is the integration of electronic sensors in wood chippers. These sensors help in regulating the flow of wood into the machine, ensuring optimal chipping performance. They work by detecting the wood's size and adjusting the chipper's settings accordingly to achieve the best output. The result is a faster, more precise, and more efficient wood-chipping process, which saves time and reduces waste. The integration of such sensors and other advanced technologies has made wood chippers more user-friendly, reliable, and safer to operate, enhancing their overall appeal to both commercial and domestic users.
Wood Chipper Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Our analysis of the global Wood Chipper market has revealed that it is poised for significant growth during the forecast period. This growth can be attributed to the numerous advantages that woodchippers offer, such as cost-efficiency, environmental friendliness, and operational efficiency. Wood chippers are designed to process wood waste in a highly efficient manner, converting it into small chips that can be used for various purposes. By reducing the size of wood waste, wood chippers can minimize the amount of waste generated in the forestry and agriculture industries, thereby promoting sustainable practices. However, one of the significant challenges associated with wood chippers is their high initial cost and maintenance expenses. Purchasing and maintaining a wood chipper requires a substantial investment, which can be a significant challenge for small businesses or startups. Nevertheless, the expected high growth rate and demand for wood chippers present significant potential for new players to enter the market and capitalize on the increasing demand for portable wood chippers.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 430.4 Million |
| Market size value in 2031 | USD 581.51 billion |
| Growth Rate | 3.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Wood Chipper Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Wood Chipper Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Wood Chipper Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Wood Chipper Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Wood Chipper Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Wood Chipper Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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