Despite growing at a modest rate of 3.4% annually, the wood chipper market is still active in all end-use areas in 2033, with a projected value of USD 447.1 million in 2023 and USD 462.3 million by 2024.
Wood chippers serve as robust machines designed to efficiently reduce wood, predominantly tree limbs and trunks, into smaller wood chips.
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Regional Insights
According to FMI (Future Market Insights), the wood chipper market in China is expected to witness a robust growth trajectory, with a projected compound annual growth rate (CAGR) of 3.7% over the forecast period spanning from 2022 to 2032. This growth can be attributed to several factors including the rapid expansion of the construction industry, supportive government policies, and the widespread availability of wood chippers at competitive prices.
Recent Developments
- In September 2022, Timberwolf launched the RW 280HB, a hybrid wood chipper, to meet the growing industry trend toward more sustainable solutions.
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Key Companies
- Terex, Morbark
- Bandit
- Vermeer
- Patriot Products Inc.
- Avant Tecno Oy
- Bruks
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Key Segments
By Product Type:
- Disc Type
- Drum Type
- Screw Type
By Fuel Type:
- Diesel Engine
- Petrol Engine
- Electric Driven
By Capacity:
- 10-250 kg/hr
- 250-3000 kg/hr
- 3000-10000 kg/hr
- Above 10000 kg/hr
By End Use:
- Construction
- Forestry & Biomass
- Paper & Pulp
- Timber Factories & Sawmills
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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