Rockville, MD , Nov. 07, 2024 (GLOBE NEWSWIRE) -- According to a new industry report compiled by Fact.MR, a market research and competitive intelligence provider, revenue from the Global Firewood Processor Market is estimated to touch US$ 256.4 million in 2024 and rise at a CAGR of 2.1% from 2024 to 2034.
The primary reason for the growing popularity of firewood processors is their well-established status as a renewable energy source, which appeals especially to environment-conscious individuals. People who live in colder climates are turning to wood for domestic heating, which is driving up demand for effective and efficient firewood processor equipment.
The growing trend and appeal of outdoor cooking, particularly with wood-fired smokers and grills, as well as outdoor activities including camping, are driving demand for these processing machines. These are becoming increasingly adopted by individuals and businesses that are searching for dependable firewood preparation and storage solutions, as they align with sustainable energy standards.
The strong demand for firewood for home heating and recreational uses is contributing to market growth in North America. The region's traditional wood-burning ways and some of the cooler temperatures areas are contributing to an increase in demand. The market in East Asia is showing bullish sentiments due to the purchasing rate, as they are a renewable energy source.
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Key Takeaways from Market Study:
- The market for firewood processors is analyzed to touch US$ 315.6 million by 2034.
- The market in East Asia is evaluated to increase at 2.2% between 2024 and 2034.
- The North American region is projected to generate revenue of US$ 61.8 million by the end of 2034.
- Demand in South Korea is forecasted to rise at a CAGR of 2.4% through 2034.
- Sales of portable firewood processors are projected to reach US$ 184 million by 2034.
- In North America, the United States is evaluated to reach a size of US$ 49.9 million in 2024.
“Prominent firewood processor companies are enhancing their offerings with new features including quicker processing rates, enhanced safety measures, and higher fuel economy,” says a Fact.MR analyst
Leading Players Driving Innovation in the Firewood Processor Market:
DYNA Products; Multitek North America LLC; Wood-Mizer LLC; Wallenstein Equipment Inc.; Farmi Forest Corporation; Timberwolf; Japa Machinery; Bandit Industries, Inc.; CORD KING; Fuelwood Warwick; Ylistaron Terastakomo
High Preference for Portable Firewood Processors:
Due to its ease of use, portable firewood processors are more in demand than permanent ones. Because portable firewood processors are so easily transportable, they are ideal for customers who need to process firewood on-site whether in remote areas or at construction sites. Because of this mobility, wood processing is done efficiently without a dedicated workspace by professionals, homeowners, and outdoor lovers.
Users widely prefer portable firewood processors because they typically take up less space and are utilized in multiple locations. Because they are so simple to use, they are the preferred choice for anyone looking to prepare firewood as quickly and effectively as possible.
Firewood Processor Industry News:
- In June 2024, funding for the Wood Innovations Program was provided by the United States Forest Service to two Utah lumber firms. A Utah Department claims that Blizzard Lumber Co. Inc. and Thompson Sawmill, Summit County, collected more than US$ 800,000 in total.
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the firewood processor market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on product type (portable, stationary), drive type (tractor hydraulics, electric motor, tractor PTO, combustion engine), log diameter (less than 10 inches, 10 to 15 inches, more than 15 inches), and power source (gasoline, diesel, electric), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
Segmentation of Firewood Processor Market Research:
- By Product Type :
- Portable
- Stationary
- By Drive Type :
- Tractor Hydraulics
- Electric Motor
- Tractor PTO
- Combustion Engine
- By Log Diameter :
- Less Than 10 inches
- 10 to 15 inches
- More than 15 inches
- By Power Source :
- Gasoline
- Diesel
- Electric
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