I tend to agree, but if we are looking in that sort of detail then chippers in general are massively expensive. Why do straight-forward road tow machines cost £10 - £20 k new? All they are is a basic industrial engine (£3k max?), some bearings, some hydraulics, some fabrication, an axle etc.
If you look at agricultural machinery/excavators/cars etc then chippers are hugely overpriced. However, it does come down to supply and demand. Chippers are built in small runs (probably less than 10 at a time) and are subsequently very labour intensive to manufacture as there isn't a huge market for them.
They need to be built out of high-quality components as they are designed to operate in an extremely harsh environment, and should by rights self destruct very quickly. The companies that build them have to research their designs, and offer warranty with their new machines, as well as stock a wide spares inventory and create/support their dealer network. All of this costs money, which has to be represented in the retail price.
I am unsure why basic tracked machines add such a price premium to the equivalent road tow, but when you start adding expanding tracks/separate hydraulic circuits for each track etc the machine gets a lot more complex (not only in the build, but also throughout the design process). There were early tracked machines that were nothing more than a road-tow with the wheels cut off, welded on to a mini digger track frame with the hydraulics plumbed in to the feed roller hydraulics. They were pretty poor in reality - small excavator track frames aren't long enough to balance a woodchipper that has to work on a variety of terrain and be stable when trees are fed into one end. As a result, tracked chippers tend to have bespoke undercarriage (this is apparent when you buy tracks for them, as they are different to most other tracked plant). The feed roller hydraulics aren't up to propelling a chipper anywhere (it will move, but glacially) so a whole new hydraulic circuit with different flow rates/pressures needs to be grafted on to the machine. As a result of this extra hydraulic requirement, a larger hydraulic reservoir/additional filtration is required, to keep the oil cool.
Electro-hydraulic solenoids need to be installed in the tracking/feed roller circuits so you can't track into someone whilst they are chipping etc (keeping the HSE happy) - oh yeah, and everything has to be CE certified to make sure it is safe to sell (and legal for that matter).
They are dear, but so is everything in our industry! However, once you start using a good tracked machine you will never look back.