Wood Grinder Market Report
The report on the global Wood Grinder Market is bifurcated By Type (Vertical Grinders, Horizontal Grinders), Application (Forest Industry, Recycling Industry, Others), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Wood Grinder market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and forecast period is 2022-2026.
The report on the global Wood Grinder Market is bifurcated By Type (Vertical Grinders, Horizontal Grinders), Application (Forest Industry, Recycling Industry, Others), and Region. This market research report provides in-dept...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Wood Grinder Market is expected to grow from USD 235.3 million in 2020 to USD 302.1 million by 2026 at a CAGR of over 4.3% during the forecast period.
Figure: Global Wood Grinder Market Size, 2020-2026 (USD Million)
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A wood grinder is used to grind the wood in a particulate form and refine the wood to produce wood flour or wood powder. Wood grinder is used to grind materials including whole trees, forestry residue, sorted pallets, agricultural products, and shingles. The most used type of wood grinders including vertical (tub) grinder or horizontal grinder. Grinders are primarily used to refine the material that has already been broken. They are also used to make various end products such as chips, playground cushions, coloured mulch, and fine-texture fibre.
Key players operating in the global Wood Grinder Market are-
The growth of the global wood grinder market is primarily driven by increasing demand for ground wood in applications such as paper products, fuel, and thermoplastics among others.
Based on type, the market has been segmented into vertical grinders and horizontal grinders. The horizontal grinders segment accounted for the largest market share in 2020 and is expected to continue its dominance during the review period owing to improved productivity and fewer risks. In addition to this, choosing the size & weight of the machinery plays a crucial role in determining which type of grinder should be used to grind wood.
Geographically, the market in North America accounted for the largest market share in 2020 due to the presence of various key market players and high product demand in end-use industries.
The market growth in Asia-Pacific is likely to register considerable CAGR during the review period on account of the increasing demand for lightweight packaging materials.
The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and remote working which in turn affected the growth of the wood grinder market. The imposition of social distancing norms due to fear of virus infection has hampered the market growth significantly. However, with the lift of lockdown, the market growth is likely to gain momentum with the surge in demand for the product in the end-use industries.
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The following is a list of the customers that the Global wood grinder market aims to convert the most:
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The wood grinder market is expected to witness an impressive growth of 4.3% CAGR in the foreseeable future.
Bandit Industries Inc (The U.S), Vermeer Corporation (The U.S), Vecoplan AG (Germany), Komptech GmbH (Austria), Astec Industries (The U.S), DuraTech Industries (The U.S), Terex Corporation (The U.S), TAGAMI EX (Japan), Morbark, LLC (The U.S), Doppstadt (Germany), Rotochopper Inc. (The U.S) and Glebar Company (The U.S) are among the key players in the wood grinder market.
The wood grinder market size is expected to reach USD 302.1 million in the coming years.
North America accounted for the largest share in the wood grinder market in 2020.
The horizontal grinders segment is expected to remain dominant in the wood grinder market in the foreseeable years.
Increasing demand for ground wood, growing pulp and paper industry with the rising demand for lightweight packaging materials, growing emphasis on the development of innovative products are the factors driving the growth of wood grinder market.
Wood grinder manufacturers, Wood grinder suppliers, Wood grinder distributors, Organizations, Government bodies are the target audience in the wood grinder market.