- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2019 to 2026
The global Wood Chippers market is expected to increase from USD 323 million in 2019 to USD 386 million by 2026, registering a CAGR of 2.57% from 2019 to 2026.
A tree chipper or woodchipper is a machine used for reducing wood (generally tree limbs or trunks) into smaller woodchips. They are often portable, being mounted on wheels on frames suitable for towing behind a truck or van. Power is generally provided by an internal combustion engine from 3 horsepower (2.2 kW) to 1,000 horsepower (750 kW).
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Key players in the Wood Chippers market cover DR Power Equipment, Avant Tecno Oy, Mtd product, Redwood Global Ltd., Terex Corporation, Morbark, LLC, Bandit Industries, Inc, Vermeer, Woodland Mills Canada, Peterson, J.P. Carlton, ECHO Bear Cat, CARAVAGGI Srl, Wallenstein Equipment, Trelan Manufacturing, Teknamotor Company, Laimet, WoodMaxx, and others.
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Market Driver and Restraint
A wide range of power and easy availability has become the main driver of growth. With the recovery of the global economy and the development of emerging powers, the Wood Chippers market is endowed with a promising future. However, Inadequate safety features and negligences during operations restrain the growth of the Wood Chippers market.
Forecast by Geography
In 2018, the global Wood Chippers market was mainly concentrated in the three regions of Asia-Pacific, North America, and Europe, with the market share of 33.79%, 28.95%, and 26.45% respectively, accounting for a total of 89.19%. Asia-Pacific is the largest producer with a proportion of 41.29%.
Type Segment Analysis
By product type, the Wood Chippers market is segmented into High-Torque Roller, Disc Chipper, Drum Chipper, and Screw Chipper.
Application Segment Analysis
Wood Chippers is widely used in Landscaping Garden, Timber Factory, Construction, Furniture Factory, Forestry and Biomass, and Sawmill.
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