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Wood Chipper Machines Market By Power Source (IC Engine, Electric Motor), By Type (High-Torque Roller, Drum, Disc), By End-Use Industry (Forestry & Biomass, Paper & Pulp, Timber Factories & Sawmills, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Industry Outlook

The wood chipper machines market is expected to grow, with a global market value of US$ 302.4 million in 2017 and a CAGR of 2.3% from 2018 to 2026. A wood chipper machine or wood chipper reduces tree trunks and small branches into smaller woodchips and sawdust. The chips are extensively used in the paper and pulp industries, wood recycling, and numerous other manufacturing processes. Besides, wood chipper machines are used by professionals, including arborists (tree surgeons), landscapers, and gardeners. Wood chipper machines provide an environmentally friendly and clean way to dispose of the forest, agricultural, park, and garden wastes. Furthermore, the use of wood chipper machines in construction industries, furniture manufacturing, and street cleaning after natural disasters is increasing demand for efficient and heavy-duty wood chipper machines.

Market Synopsis

During the forecast period of 2018 to 2026, electric motors will overtake IC engines in market share.

In 2017, IC engine-powered wood chipper machines led the overall market in terms of market value. Most of the wood chipper machines are powered by IC engines and are available from 1 HP to 1,000 HP. Standalone wood chipper machines with hydraulic cranes are also used for heavy-duty applications such as timber processing and sawmills. However, factors such as environmental concerns, rising fuel prices, and maintenance costs associated with IC engines are stimulating consumers to shift towards electric wood chipper machines. An electric motor is an efficient and environment-friendly power source for wood chipper machines, with a wide range of availability and power ranges. Owing to their merits over IC engine wood chippers, electric wood chipper machines are expected to claim a considerable share in the overall wood chipper machines market during the forecast period from 2018 to 2026.

Drum wood chipper machines used for heavy-duty applications lead the segment by cutter type.

In 2017, drum-type wood chipper machines held the largest market share in the overall wood chipper machine market across the globe. Heavy industries such as the paper and pulp industries, forestry and biomass, and construction often prefer drum wood chipper machines because of their high operational speed and efficient wood chipping in desired sizes. However, drum wood chippers are associated with some safety concerns, and to avoid mishaps, they should be provided with proper safety measures. Disc-type wood chipper machines trail drum-type in terms of market value. The disc wood chipper machines are generally used for making furniture and particleboards.

The growing paper and pulp industry portrayed North America as the largest market for wood chipper machines in 2017.

The presence of numerous paper and pulp industries, construction industries, forestry, and biomass facilities, timber factories, and sawmills in the region has boosted sales of wood chipper machines. In addition, procurement by local municipal corporations in order to clear debris and fallen trees after natural calamities have supported the sales of wood chipper machines in this region. Europe is ranked second to North America and is expected to show a similar growth trend, with more than 40% of the total land area covered by forest. Optimistic growth in the forest area provides ideal growth opportunities for the wood chipper machine market.

Major Wood Chipper Machine Manufacturers Will Face Difficult Competition

Overall, the wood chipper machines market is highly competitive in nature and is characterized by several local as well as international players, including Avant Tecno Oy, Redwood Global Ltd., Changzhou LEFA Industry and Trade Co., Ltd., Continental Biomass Industries (Terex Corporation), EMB MFG, INC., Trevan Manufacturing, UNTHA shredding technology GmbH, Salsco, Inc., Laitilan Metalli Laine Oy, Vermeer Corporation, Teknamotor Company, and Bandit Industries, Inc. Leading wood chipper machine manufacturers are continuously engaged in new product development, offering high efficiency and more safety features. Manufacturers are providing extended warranties and dedicated backup and support to attract customers and expand their sales. Making long-term partnerships with municipal corporations, local contractors, arboricultural contractors, tree surgeons, and the forest department is another vital strategy adopted by wood chipper machine manufacturers to stay competitive in this fragmented market.

Frequently Asked Questions:

The market for Wood Chipper Machines Market is expected to reach US$ 302.4 Mn By 2026.

The Wood Chipper Machines Market is expected to see significant CAGR growth over the coming years, at 2.3%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Avant Tecno Oy, Redwood Global Ltd., Changzhou LEFA Industry and Trade Co., Ltd., Continental Biomass Industries (Terex Corporation), EMB MFG, INC., Trevan Manufacturing, UNTHA shredding technology GmbH, Salsco, Inc., Laitilan Metalli Laine Oy, Vermeer Corporation, Teknamotor Company are some of the major players in the global market.

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Godaddy
Published Date:  May 2018
Category:  Industrial Goods
Report ID:   59184
Report Format:   PDF
Pages:   120
Rating:    4.3 (65)
Delivery Time: 24 Hours to 48 Hours   
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