Over the past five years, growth in the forestry sector helped support demand for the Chipping and Grinding Equipment Manufacturing industry. Given this reliance on the forestry sector, demand for wood chippers surged following the economic crisis as construction activity rebounded, and subsequently, increased. Moving forward, industry revenue will experience moderate growth. The primary factors aiding the industry's recovery will be strong demand from the forestry sector and increasing demand for wood chippers and grinders for processing wood for alternative energy sources. Additionally, rebounding steel prices and the ability of industry operators to pass on these costs to consumers in the form of higher prices will help to push revenue higher over the next five years.
This industry manufactures large-scale chippers and grinders for trees, logs and other brush. These large-scale machines are capable of processing one whole tree at a time.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.