Wood Grinder Market Analysis | 2021-2026

“The Wood Grinder Market was estimated at US$ 235.3 million in 2021 and is expected to grow at a CAGR of 4.3% during 2021-2026 to reach US$ 302.1 million by 2026.” 

Wish to get a free sample? Register Here

Market Dynamics

Introduction

A wood grinder is a piece of equipment used to disintegrate wood and other soft organic substances into small portions. It employs rotating blades, hammers, or discs of high velocity and speed to reduce timber waste including branches, logs as well as construction waste into smaller parts.

These machines are used mainly in places that deal with cutting trees and in the recycling industries to produce wood chips, mulch, or sawdust which can be recycled for uses such as composting, biofuels, or landscaping. Wood grinders are available in various types and sizes – portable and stationary depending on the operation’s requirements.

Market Drivers

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.

COVID-19 Impact

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.

Segments Analysis

Type Trends

“The horizontal grinders segment dominates the market during the forecast period.”

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 Analysis

“North America accounted for the largest market share during the forecast period.”

Due to the presence of various key market players and high product demand in end-use industries in the North American region.

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.

Want to know which region offers the best growth opportunities? Register Here

Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. 

The following are the key players in the wood grinder market (arranged alphabetically).

• Astec Industries (The U.S),
• Bandit Industries Inc (The U.S),
• Doppstadt (Germany),
• DuraTech Industries (The U.S),
• Glebar Company (The U.S).
• Komptech GmbH (Austria),
• Morbark, LLC (The U.S),
• Rotochopper Inc. (The U.S),
• TAGAMI EX (Japan),
• Terex Corporation (The U.S),
• Vecoplan AG (Germany),
• Vermeer Corporation (The U.S).

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Target Audience

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

• Wood Grinder Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, validation, and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. 

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players).
• SWOT analysis of key players (up to three players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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 to sales@stratviewresearch.com.