The wood chipper market in China is anticipated to expand at 3.7% CAGR during the forecast period of 2022 and 2032. The pulp & paper industry holds a considerable market share in the global wood chipper market
NEWARK, Del., Nov. 10, 2022 /PRNewswire/ -- As per Future Market Insights, the global wood chipper market size is expected to grow from US$ 430.4 Mn to US$ 598.6 Mn by 2032, with overall sales accelerating at 3.4% CAGR throughout the forecast period.
Rising applications across end use sectors such as construction, forestry & biomass, paper & pulp, timber factories & sawmills is a key factor driving demand for wood chippers and the trend is likely to continue during the forecast period.
Wood chippers are advanced equipment used for reducing wood into smaller wood chips, that can be used as fuels across various industries. These machines eliminate the need for carrying large portions of trees across from one place to another.
The excessive demand for wood chippers for industrial applications is mainly due to the ongoing infrastructural development and adoption of new technologies in the industrial sector.
Get Access To Sample Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-15736
Similarly, rising spending on infrastructure and construction across the world is likely to generate huge demand for wood chippers during the projected period (2022-2032).
In addition to this, technological advancements in wood chippers and growing popularity of electric machines are expected to boost the global wood chipper market over the next ten years.
Key Takeaways from Wood Chippers Market Study
- By product type, drum type segment is projected to grow at 3.5% CAGR through 2032.
- Based on end use, the pulp and paper industry is set to hold more than 1/4th of the market share on a value basis by the end of the forecast period.
- By fuel type, diesel powered wood chipper sales are set to surge at a CAGR of approximately 3.9% over the coming decade.
- Europe accounted for more than 1/3rd of the global wood chipper market in 2022.
- Demand for wood chippers across North America is poised to grow at a steady pace during the next ten years.
- The wood chipper market is expected to grow at 3.7% CAGR between 2022 and 2032.
"The wood chippers demand is expected to boost in the upcoming period owing to increasing investments in infrastructure development, especially in developing countries." says a Future Market Insights analyst.
Who is Winning?
The Wood Chippers Market is moderately fragmented with more than 100 players across the world. Key players currently account for around 20-25% of the market share. In order to achieve more sales top companies are creating contracts with end users and developing custom products according to needs of the customer. Besides this, they are focused on enhancing their sales network in order to achieve a strong global presence.
Some of the key players in this industry include but are not limited to Bandit, Vermeer, Patriot Products Inc, Avant Tecno Oy, Bruks, Siwertell Ab, Bugnot, Crary Industries, Inc, Wajax Limited Barreto Manufacturing Inc, Salsco Inc, Vecoplan, LLC, Bca Industries Inc, and Pequea Machine, Inc.
Customization Report Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-15736
Find More Valuable Insights
The research report analyzes demand for Wood Chippers market. The global Wood Chippers Market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of product type, fuel type, capacity type, end use and region.
The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both supply side and demand factors.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Wood Chipper Market Demand Analysis 2017 - 2021 and Forecast, 2022 - 2032
5.1. Historical Market Volume (Units) Analysis, 2017 - 2021
5.2. Current and Future Market Volume (Units) Projections, 2022 - 2032
5.3. Y-o-Y Growth Trend Analysis
Report Preview@ https://www.futuremarketinsights.com/reports/wood-chipper-market
About Future Market Insights - Industrial Automation
The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sector and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry.
We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects.
Explore Our Trending Reports of FMI's Industrial Automation Market Insights Landscape
Container Weighing Systems Market Size - The current valuation of the container weighing systems market is US$ 3,339.4 Mn in 2022 and it is anticipated to surpass US$ 4,567.8 Mn by the year 2032.
3D Laser Scanner Market Size - Overall demand for 3D laser scanners is expected to expand at a 7.8% CAGR between 2022 and 2032, reaching about US$ 3,378.4 million by 2032.
Cable Accessories Market Size - Global Cable Accessories demand is anticipated to be valued at US$ 50,960.0 Million in 2022, forecast to grow at a CAGR of 6.1% to be valued at US$ 92,443.0 Million from 2022 to 2032.
Industrial Furnaces Market Size - Global industrial furnaces market demand is anticipated to be valued at US$ 11,230 Million in 2022, forecast a CAGR of 4.3% to be valued at US$ 17,112 Million from 2022 to 2032.
Industrial Filtration Market Size - The global industrial filtration market is expected to secure US$ 56,834.1 Million in 2032 while expanding at a CAGR of 5.7%. The market is likely to hold a value of US$ 32,789 Million in 2022
Mining Drill Market Size - The overall demand for mining drills is projected to grow at a CAGR of 4.7% between 2022 and 2032, totalling around US$ 4996.7 Million by 2032.
Inspection Machines Market Size - A CAGR of 5.1% is expected for the global inspection machines market due to the growing demand during the forecast period. It is anticipated to be appraised at US$ 1,053.5 Mn by 2032
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact:
Future Market Insights, Inc
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/global-wood-chipper-market-size-had-reached-a-revenue-of-us-418-2-mn-in-2021-and-is-likely-to-surpass-a-valuation-of-us-598-6-mn-at-a-cagr-of-3-4-by-the-end-of-2032--future-market-insights-inc-301674454.html
