The global wood chipper market size reached USD 418.2 Million in 2021 and it is likely to surpass a valuation of USD 430.4 Million by the end of 2022.
Furthermore, with rising adoption across various end-use sectors, the overall demand for wood chipper is expected to grow at 3.4% CAGR between 2022 and 2032, totaling a valuation of USD 598.6 Million by 2032.
Wood chippers are powerful machines used for reducing wood, mostly tree limbs and trunks into smaller wood chips. These machines can make the overall cleanup a lot easier and have thus become ideal solutions for people to reduce the workload of their gardens.
They are being increasingly used across construction sites and other sectors to chip various kinds of wood materials into smaller wood chips, which can then be easily carried away and used as fuel across various industries.
The ease with which wood chippers can be used for domestic tasks like gardening and landscaping is likely to drive up product demand in this market during the forecast period. Similarly, the need for wood chipper machines is also anticipated to increase due to the widespread use of organic mulch in landscaping, gardening, ecological restoration, and as a substrate for mushroom cultivation.
Also, the demand for wood chippers from theme parks and botanical gardens is rising continuously due to the necessity to shape and trim trees on the property to maintain aesthetics.
Additionally, the rapid expansion of construction and paper & pulp industries across the globe and the growing popularity of electric wood chippers due to their eco-friendly nature are expected to boost the global wood chipper market during the forecast period. Currently, the paper and pulp segment holds the largest share of the wood chipper market.
This can be attributed to the rising usage of wood chipper across paper and pulp manufacturing industries. However, the construction segment is expected to grow at the highest CAGR during the forecasted period.
Regionally, Europe and North America together hold the largest share of the global wood chipper market and the trend is likely to continue during the forecast period. This can be attributed to the rapid infrastructural development across these regions, the presence of leading manufacturers, and the growing popularity of electric equipment.
| Attribute | Key Statistics |
|---|---|
| Wood Chipper Market Base Value (2021A) | USD 418.2 Million |
| Estimated Market value (2022E) | USD 430.4 Million |
| Projected Market Value (2032F) | USD 598.6 Million |
| Value-based CAGR (2022 to 2032) | 3.4% |
| Collective Value Share: Top 5 Countries (2022) | 46.4% |
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The global wood chipper market is projected to grow at 3.4% CAGR between 2022 and 2032 in comparison to the 1.6% CAGR registered during the historical period from 2017 to 2021.
Increasing usage of wood chippers across numerous timber factories & sawmills and construction industries as a result of the growth of infrastructural development within developed and developing regions is providing a major impetus to the global wood chipper market.
The demand for infrastructure development in the residential and commercial construction sectors has increased as a result of urbanization and population growth. This has resulted in the rapid growth of the construction sector which uses wood chippers for various applications such as landfilling which is expected to push the demand for wood chippers.
Clearing the construction sites requires wood chippers to convert the available wood into raw wood chips that can be used by any of the end-use industries. Additionally, the government currently supports the development of forestry and biomass due to rising environmental concerns.
Forest biomass harvesting requires wood chippers as essential equipment at the initial stage of the process. This will positively impact the overall sales of wood chippers during the projection period.
In order to boost production rates, manufacturers are focusing on improving the design and parts of their products. Besides this, they are also offering customized wood chippers to expand their customer base.
Growing Number of Timber Factories and Sawmills to Boost Wood Chipper Market
Over the course of the projection period, it is predicted that a wide range of wood chipper machines would experience strong demand in a variety of industrial applications due to the increasing demand for wood chips in end-use industries.
Wood chippers are being increasingly employed across various end-use sectors including timber factories and sawmills to handle wood residue. Thus, a rise in the number of these timber factories and sawmills will eventually boost the growth of the wood chipper market during the next ten years.
Principal Consultant
Insufficient Availability of Safety Features and Lack of Experience in Operating Machines Limit the Sales
Wood chipper manufacturers are concentrating their efforts on research and development Research and Development 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.
Various incidents involving untrained or recently hired workers on wood chippers resulting in injuries or occasionally fatalities can be seen in the news headlines. This has resulted negatively impacted the global wood chipper market.
Some chippers have safety features to minimize the possibility of being dragged into the chipper knives including different bar assemblies such as feed control bar, panic bar, bottom feed stop bar, and emergency pull ropes.
Feed tray extensions offer a physical separation between the operator and the chipper drum or feed mechanism. It is necessary to provide these safety features with the wood chipper which can reduce the number of casualties. Also, the requirement of proper training facilities in every end-use industry is crucial for reducing injuries.
Fluctuations in Fuel Prices due to the Changing Taxation Policies Negatively Impact the Market
Manufacturers are influenced by the growing consumer demand for wood chippers resulting from the growth of end-use industries. Wood chippers are divided into three categories based on the fuel they use: diesel, petrol, and electricity. The wood chipper industry will be affected by fluctuations in fuel prices based on altering tax laws driven by a lack of political stability in the country.
Booming Construction Sector to Boost Wood Chipper Market in China
As per FMI, the wood chipper market in China is anticipated to expand at 3.7% CAGR during the forecast period of 2022 and 2032. This can be attributed to the rapid expansion of the construction industry, favorable government support, and easy availability of wood chippers at lower prices.
China has the largest construction market in East Asia, which includes expanding projects in infrastructure, energy and utility construction, residential construction, commercial construction, and industrial construction.
Any construction would first clear the site of anything that might be there, such as trees and their broken branches. After clearing the field, they need to consider what to do with the cut-up wood that cannot be thrown away.
These need to be processed through a wood chipper into a useful form that may be used by downstream businesses. Also, the chips are easier to transport than longer trees. This will continue to boost the wood chipper market across China during the next ten years.
Growing Popularity of Electric Wood Chipper Boosting Sales in the USA
The USA wood chipper market is poised to exhibit a steady growth rate during the assessment period, owing to the rising usage of wood chipper across thriving paper & pulp, and construction industries.
Similarly, the rising popularity of electric wood chipper across the country and the strong presence of leading manufacturers are playing crucial roles in driving the USA wood chipper market forward and the trend is likely to continue during the forecast period.
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Drum Type Wood Chipper Hold About 45 to 50% of the Global Market Share
As per FMI, the drum-type wood chippers segment dominates the global wood chipper market with a share of around 45 to 50% and it is expected to grow at 3.5% CAGR through 2032. This can be attributed to the rising adoption of drum wood chippers across various industries due to their easy operation, low maintenance cost, and long working life.
Drum wood chippers offer constant knife velocity and produce more homogenous wood chips throughout, unlike other types of wood chippers. These wood chippers are mainly used where a large quantity of wood chips is required within a time slot. Because of its higher maximum capacity range than the disc wood chipper, it is the best option for several industries.
Additionally, the majority of wood chipper manufacturers have significant models and improvements of drum chippers in their product portfolios to meet the demands of the end-use sectors.
Leading market players operating in the global wood chipper market include Terex, Morbark, Bandit, Vermeer, Patriot Products Inc., Avant Tecno Oy, Bruks Siwertell Ab, Bugnot 52, Crary Industries, Inc., Wajax Limited, Barreto Manufacturing Inc., Salsco Inc., Vecoplan, LLC, Bca Industries Inc., and Pequea Machine, Inc, among others.
These key wood chipper manufacturers are continuously focusing on expanding their customer base and increasing their revenue shares through new product launches, partnerships, mergers, acquisitions, and collaborations.
For instance,
Terex, Morbark. & Vermeer: Top Manufacturers Letting You Clean & Reduce Wood into Smaller Wood Chips
Wood chippers are increasingly being used by companies as a means of making wood chips and pellets. They can turn residuals left over from the sawmilling process into mulch and thus helps to reduce waste and save money. Companies that have invested in wood chipper have reported significant savings in labor costs and energy consumption.
Terex is a multinational maker of material-handling equipment and aerial work platforms. The company creates, manufactures, and supplies equipment used in construction, maintenance, manufacturing, energy, recycling, minerals, and materials management. Certain Terex products and solutions help clients decrease their environmental impact and improve productivity.
The company offers various electric and hybrid solutions that are silent and emission-free, promote renewable energy, and aid in the recovery of usable materials from various sorts of trash.
In July 2021, Terex Materials Processing (MP), a major player in materials processing equipment, announced the acquisition of MDS International (MDS), situated in Co. Monaghan, Ireland, and a producer of heavy-duty and recycling trommels, apron feeders, and conveyor systems.
Another prominent player who offers wood chippers is Morbark, LLC. Headquartered in Winn, Michigan, Morbark has been designing and producing long-lasting, high-performance equipment for a very long time.
Brush chippers, stump cutters, mini skid steers, forestry mulchers, aerial trimmers, whole tree, and biomass chippers, flails, horizontal and tub grinders, sawmill equipment, material handling systems, and mulcher head attachments for excavators, backhoes, and skid steers are all manufactured by the company and its affiliate brands, Rayco, Denis Cimaf, and Boxer Equipment.
In January 2019, Morbark introduced its new Eeger Beever brush chipper series. The product line's nine new brush chippers, as well as the Rayco C120R Forestry Mulcher and AT75 Aerial Trimmer, were presented at the TCI Expo in Charlotte, North Carolina.
Vermeer Corporation manufactures construction equipment for a wide range of industries including biomass, construction, surface mining, and organic recycling. The company sells new and used construction equipment, trailers, used plows, brush chippers, stump grinders, parts, servicing, and accessories.
Vermeer Corporation has a significant effect on the way vital work is done by designing, manufacturing, and supporting high-quality industrial and agricultural equipment. The company is continuously launching new products to upgrade its portfolio. For instance, in April 2022, Vermeer introduced the AX17 brush chipper to its AX brush chipper line.
The Vermeer AX17 brush chipper is designed for tree care companies conducting high-production arborist work. It has a sophisticated feed system that includes the unique Vermeer SmartFeed and SmartCrush technologies.
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 430.4 Million |
| Projected Market Size (2032) | USD 598.6 Million |
| Anticipated Growth Rate (2022 to 2032) | 3.4% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East & Africa. |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
| Key Market Segments Covered | Product Type, Fuel Type, Capacity, End Use, and Region |
| Key Companies Profiled | Terex; Morbark; Bandit; Vermeer; Patriot Products Inc.; Avant Tecno Oy; Bruks; Siwertell Ab; Bugnot 52; Crary Industries, Inc.; Wajax Limited; Barreto Manufacturing Inc.; Salsco Inc.; Vecoplan, LLC; Bca Industries Inc.; Pequea Machine, Inc. |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
The global wood chipper market is expected to reach USD 430.4 Million in 2022.
Sales of wood chipper are anticipated to grow at a CAGR of about 3.4% in terms of value between 2022 and 2032.
As per FMI, the worldwide wood chipper market is expected to reach a valuation of USD 598.6 Million by 2032.
The pulp & paper industry holds a considerable market share in the global wood chipper market.
About more than half of the market share is held by diesel powered wood chipper segment.
With around 16% market share, the USA will continue to dominate the worldwide wood chipper market during the forecast period.
The USA, China, and Germany are the top countries driving demand for wood chippers.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 8. Market Background 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 9.1. Disc Type 9.2. Drum Type 9.3. Screw Type 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Fuel Type 10.1. Diesel Engine 10.2. Petrol Engine 10.3. Electric Driven 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, Capacity Type 11.1. 10-250 kg/hr 11.2. 250-3000 kg/hr 11.3. 3000-10000 kg/hr 11.4. Above 10000 kg/hr 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, End Use 12.1. Construction 12.2. Forestry & Biomass 12.3. Paper & Pulp 12.4. Timber Factories & Sawmills 12.5. Others 13. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 13.1. North America 13.2. Latin America 13.3. Europe 13.4. East Asia 13.5. South Asia and Pacific 13.6. Middle East and Africa (MEA) 14. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18. South Asia and Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032 19. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032 20. Country-wise Market Analysis 21. Market Structure Analysis 22. Competition Analysis 22.1. Terex, Morbark 22.2. Bandit 22.3. Vermeer 22.4. Patriot Products Inc. 22.5. Avant Tecno Oy 22.6. Bruks 22.7. Siwertell Ab 22.8. Bugnot 52 22.9. Crary Industries, Inc. 22.10. Wajax Limited 22.11. Barreto Manufacturing Inc. 22.12. Salsco Inc. 22.13. Vecoplan, LLC 22.14. Bca Industries Inc. 22.15. Pequea Machine, Inc. 23. Assumptions and Acronyms Used 24. Research Methodology
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Wood Chipper Market
