Wood Chipper Market Study Reveals New Development Opportunities till 2030
The wood chipper market refers to the industry involved in the manufacturing, distribution, and sale of wood chippers, also known as wood shredders or mulchers. Wood chippers are machines designed to reduce wood into smaller pieces or chips, primarily for the purpose of disposal, recycling, or repurposing. They are commonly used in forestry, landscaping, agriculture, and waste management sectors. The market encompasses various types of wood chippers, including portable, stationary, electric, and gas-powered models, catering to a wide range of customer needs and applications.
Some of the key players profiled in the study are Terex, Morbark, Bandit, Vermeer, MTD Products, Peterson, J.P. Carlton, ECHO Bear Cat, Patriot, Brucks, Zenoah, Astec Industries, Schliesing, Albach Maschinenbau, GreenMech.
According to HTF Market Intelligence, the Global Wood Chipper market to witness a CAGR of 3.3% during forecast period of 2024-2030. Global Wood Chipper Market Breakdown by Application (Construction, Forestry & Biomass, Paper & Pulp, Timber Factories & Sawmills, Others) by Type (Trailer-Mount Wood Chippers, Self-Propelled Wood Chippers, Crawler Wood Chippers) by Sales Channel (Direct Channel, Distribution Channel) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD 480 Million.
Market Trends:
- Increasing adoption for sustainable waste management.
Market Drivers:
- Government regulations promoting green practices.
Market Opportunities:
- Expansion in biomass and renewable energy sectors.
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