According to a market report by Lucintel, the future of the global wood chipper market looks promising with opportunities in the construction, forestry & biomass, paper & pulp, and timber factories & sawmills markets. The global wood chipper market is expected to reach an estimated $513.3 million by 2030 with a CAGR of 3.1% from 2024 to 2030. The major drivers for this market are wood chippers' technological improvements and the rising acceptance of electric devices, rapid growth of the construction and pulp & paper industries across the globe, as well as, increasing use of organic mulch for gardening, landscaping, ecological restoration, and mushroom cultivation substrate.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in wood chipper market to 2030 by product type (disc type, drum type, and screw type), fuel type (diesel engine, petrol engine, and electric driven), capacity (10-250 kg/hr, 250-3000 kg/hr, 3000-10000 kg/hr, and above 10000 kg/hr), end use (construction, forestry & biomass, paper & pulp, timber factories & sawmills, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, disc type, drum type, and screw type are the major segments of wood chipper market by product type. Lucintel forecasts that drum type will remain the largest segment over the forecast period because the drum wood chippers are becoming more and more popular in a variety of industries, which can be linked to their longevity, low maintenance costs, and ease of use.
Within this market, pulp & paper industry will remain the largest segment due to rising usage of wood chippers across paper and pulp manufacturing industries.
North America will remain the largest region over the forecast period due to rapid infrastructural development, existence of leading players, and rising popularity of electric equipment in the region.
Terex, Morbark, Bandit, Vermeer, Patriot Products, Avant Tecno Oy, Bruks, Siwertell, Bugnot 52, Crary Industries, and Wajax are the major suppliers in the wood chipper market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]