What is Wood Chippers - Global Market?
The Wood Chippers - Global Market is a comprehensive study of the global market trends and growth prospects for wood chippers, a type of equipment used in the forestry industry for reducing wood into smaller parts, such as chips or sawdust. This market encompasses a wide range of products, including but not limited to, self-propelled wood chippers and PTO (Power Take Off) wood chippers. The global market for wood chippers is a dynamic one, with various factors influencing its growth and development. These factors include the increasing demand for wood and wood products, advancements in technology, and the growing awareness about the importance of maintaining forests and other green spaces. However, the market also faces several challenges, such as the high cost of wood chippers and the lack of skilled operators. Despite these challenges, the global wood chippers market is expected to grow at a steady pace in the coming years, driven by the increasing demand for wood and wood products, and the growing awareness about the importance of maintaining forests and other green spaces.
Self-Propelled Wood Chipper, PTO Wood Chipper in the Wood Chippers - Global Market:
The Wood Chippers - Global Market is not just limited to the forestry industry. It also finds usage in various other areas such as contractors, government apartments, and authorities, among others. Contractors use wood chippers for various purposes, such as clearing land for construction, maintaining landscapes, and managing waste. Government apartments and authorities use wood chippers for maintaining public parks, gardens, and other green spaces. Other users of wood chippers include farmers, who use them for managing agricultural waste, and homeowners, who use them for maintaining their gardens and yards. The versatility of wood chippers, coupled with their ability to reduce wood waste and improve the health and appearance of green spaces, makes them an indispensable tool in these areas.
Contractors, Government Apartment and Authorities, Others in the Wood Chippers - Global Market:
The global Wood Chippers market, valued at US$ 326 million in 2022, is projected to reach a value of US$ 430.4 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period of 2023-2029. The market is dominated by five leading companies - Terex Corporation, Morbark, Bandit, TIMBERWOLF, and Vermeer, which collectively accounted for about 51% of the market value shares in 2019. Among the different types of wood chippers, the self-propelled wood chipper is the most popular, accounting for about 80% of the market share in terms of value in 2019. This dominance can be attributed to the ease of use and high efficiency offered by self-propelled wood chippers.
| Report Metric | Details |
| Report Name | Wood Chippers - Market |
| Forecasted market size in 2029 | US$ 430.4 million |
| CAGR | 4.0% |
| Forecasted years | 2023 - 2029 |
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| Global Wood Chippers market, Segment by Type: |
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| Global Wood Chippers market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
