Wood Chipper Machines Market Size, Share & Trends Analysis Report By Product Type (Drum, Disc), By End-use (Paper & Pulp, Forestry & Biomass, Timber Factories & Sawmills), By Region, And Segment Forecasts, 2020 - 2027

Report Overview

The global wood chipper machines market size was valued at USD 387.4 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 2.3% from 2020 to 2027. Increasing demand for wood across various industries, including furniture, construction, and paper and pulp, is likely to drive the demand for wood chipper machines used for processing the wood required in these industries. Rapid urbanization across the globe has resulted in the demolition of extensive forest lands and thereby has generated several growth opportunities for the market. Furthermore, ease of using wood chippers in residential applications, such as landscaping and gardening, is likely to drive the product demand in the residential sector.

Development and expansion of new construction projects in the outskirts of cities and towns are likely to result in swift chipping as well as chopping of vegetation and trees, thereby augmenting the demand for wood chipper machines. In addition, surging use of organic mulch for landscaping, gardening, ecological restoration, and substrate for cultivating mushrooms is expected to drive the demand for wood chipper machines.

Increasing demand for wood chipper machines from amusement parks and botanical gardens owing to the need to shape and trim the trees within the premises for maintaining the aesthetics is projected to fuel the growth of the market. Growing demand for the product across industries, such as paper and pulp and furniture, that use wood as a raw material is expected to bolster the market growth.

Factors such as insufficient safety measures and carelessness while operating the machine are anticipated to dampen market growth. Furthermore, challenges related to the fluctuations in the fuel prices owing to the changing taxation policies resulted from the political uncertainties are projected to limit the demand for wood chippers over the forecast period.

The key manufacturers in the market are however continuously striving to offer more efficient and user-friendly products by improving the current product designs. Furthermore, the availability of enhanced quality wood chipper machines that offer superior functioning in various end-use industries is projected to drive the market.

Product Type Insights

The drum wood chippers segment dominated the global market and accounted for 42.5% share in terms of revenue in 2019. The product segment is expected to continue its lead in the forecast period as it offers the same knife velocity throughout unlike the other types of wood chippers, thereby producing more amount of homogenous wood chips.

The market majorly consists of drum wood chippers and disc wood chippers. Furthermore, other types include high torque and screw wood chippers. A surge in the number of contracts between machine manufacturers and the end-users is projected to generate various opportunities for the market players, thereby boosting the segment growth.

The disc wood chippers segment accounted for the second-largest revenue share in 2019 and is projected to expand at a CAGR of 2.2% over the forecast period. The disc wood chippers offer superior energy efficiency, and thereby consume a lesser amount of fuel. Furthermore, the product type is developed with a comparatively simpler design that integrates discharge and comminuting systems in one synergic device.

The other wood chipper machines segment accounted for 27.0% share of the overall revenue in 2019. The segment is anticipated to expand at a significant CAGR over the forecast period due to the mounting adoption of wood chipper machines that provide automated technologies as well as exceedingly mechanized methods.

End-use Insights

Based on end-use, the market is primarily categorized into forestry and biomass, timber factories and sawmills, paper and pulp, and construction. The paper and pulp end-use segment accounted for the largest revenue share of almost 40.0% in 2019 and is projected to continue its lead in the future. Wood chippers are primarily used for making chips from wood pulp to ensure that cooking chemicals are easily, uniformly, and completely absorbed during the production of mechanical or chemical pulp. The aforementioned factor is thereby anticipated to be the major attribute resulting in the increased product demand in the paper and pulp sector. A wide array of wood chipper machines are anticipated to witness robust demand in various industrial applications over the forecast period on account of the rising demand for wood chips in the end-use industries.

The timber factories and sawmills segment emerged as the second-largest application segment with a 26.7% share of the global revenue in 2019. Rising demand for drum wood chippers for processing wood residuals from sawmill and timber factories is anticipated to support the segment growth over the forecast period.

The forestry and biomass segment is anticipated to expand at the fastest CAGR of 2.7% from 2020 to 2027 owing to the product attributes, such as whole trees processing and ensuring lesser labor requirements. Furthermore, the product is anticipated to witness a surge in demand in applications, such as furniture and landscaping, due to the availability of the product in several designs that include various sizes and compact structures, thereby offering ease in operation.

Regional Insights

Europe dominated the global market and held a 30.7% share of the overall revenue in 2019 and is projected to witness significant growth over the forecast period. Mandates and recommendations by the government authorities of the European economies, such as Germany and the U.K., to utilize wood chipper machines for clear calamity stricken areas and debris are expected to drive the market.

North America accounted for 29.6% share of the overall revenue in 2019 and is estimated to expand at a significant CAGR over the forecast period. A high concentration of major players operating in the North American paper and pulp industry is likely to bolster the demand for wood chipper machines required for producing the wood chips.

Asia Pacific accounted for the third-largest market revenue share in 2019 and is anticipated to expand at the highest CAGR of 3.2% from 2020 to 2027. Technological revolution resulting in the development of product designs, such as remote-controlled wood chippers, is anticipated to broaden the scope of innovation, thereby ensuring growth opportunities for the market.

China dominated the Asia Pacific market and accounted for a 45.8% share of the overall revenue in 2019. Increasing construction activities, coupled with rising demand for sophisticated furniture, are anticipated to boost the demand for wood chipper machines in the economy over the forecast period.

Key Companies & Market Share Insights

The global market consists of a large number of international as well as domestic players. These market players are engaged in expanding their geographical footprint to ensure market dominance. The product manufacturers are offering additional facilities, such as after-sales support and extended warranties, to capture a larger customer base and maintain a strong foothold in the global market. Furthermore, strategies such as acquiring various government contracts as well as signing long-term partnerships with municipal corporations are adopted by key market players. Some of the prominent players in the wood chipper machines market include:

• Terex

• Morbark

• Bandit

• Vermeer

• MTD Products

• Peterson

• J.P. Carlton

• ECHO Bear Cat

• MTD Products

• Patriot

• Brucks

• Zenoah

• Weifang Fred Machinery

• China Foma (Group)

• Rivim

Wood Chipper Machines Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global wood chipper machines market report on the basis of product type, end-use, and region:

• Product Type Outlook (Revenue, USD Million, 2016 - 2027)

  • Drum

  • Disc

  • Others

• End-use Outlook (Revenue, USD Million, 2016 - 2027)

  • Forestry & Biomass

  • Paper & Pulp

  • Timber Factories & Sawmills

  • Construction

  • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • Italy

    • The U.K.

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • South Africa