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    Wood Grinder Market Report

    Wood Grinder Market Report
    Report code - SRCG319 Delivery - 2 Weeks
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    Global Wood Grinder Market, Dynamics, Market Analysis
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    Impact of COVID-19 on Wood Grinder Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Wood Grinder Market

    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.

    Market Insights

    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)

    Wood-Grinder-Market-Forecast

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    What is a Wood grinder?

    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

    Key players operating in the global Wood Grinder Market are-

    • 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).

    Market Dynamics

    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.

    • The growing pulp and paper industry with the rising demand for lightweight packaging materials in various applications such as consumer goods and pharmaceuticals is likely to propel the market growth at a significant rate during the review period.
    • Growing emphasis on the development of innovative products by the key market players is anticipated to drive the market growth substantially.
    • Furthermore, increasing demand for horizontal grinders to grind waste wood is likely to create lucrative opportunities for the market players. Wood waste can be recycled to make biomass, bedding material, mulch, or compost.

    Segment Analysis

    Type Trends

    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.

    Regional Trends

    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.

    COVID-19 Impact on Global Wood Grinder Market

    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.

    Critical Questions Answered in the Report

    • What are the key trends in the global wood grinder market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global wood grinder market?
    • What are the key strategies adopted by the major vendors to lead in the global wood grinder market?
    • What is the market share of the top vendors?

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    Target Audience

    The following is a list of the customers that the Global wood grinder market aims to convert the most:

    • Wood grinder manufacturers
    • Wood grinder suppliers
    • Wood grinder distributors
    • Organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    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.

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