Industry Outlook

Humans are producing more waste than ever and hence reducing the volume of waste has become an utmost necessity to reduce the landfills. The volume reduction can be done efficiently with the help of industrial shredders. Consequently, industrial shredders market registered market value of US$ 809.7 Mn in 2020. The market is projected to reach US$ 982.2 Mn by 2029 growing with a growth rate of 2.2% throughout  the forecast period from 2021 to 2029. Industrial shredders are used to shred waste material including metals, plastics, rubber, and wood among others facilitating easy disposal and recycling of the material. Growing concern for overconsumption and stringent government and environment organization regulation for waste disposal and recycling significantly highlighted the importance of industrial shredders, therefore, the market expected to witness gradual growth in coming years.

"Two Shaft Shredders Claimed Higher Market Value Compared to Other Available Alternatives"

Industrial shredders are available in variants distinguished according to the number of rotating shaft employed. These variants include single shaft shredder, two shaft shredder, three shaft shredder, and four shaft shredder. These shafts are powered by high torque motors and have projection to crush and shred objects fed into the shredders. At present, two shaft industrial shredders dominate the overall industrial market in terms of market value. Two shaft shredders are extensively used to shred a wide variety of material including automotive and heavy castings, depending upon the size and capacity of shredders. Shingle shaft and three shaft shredder machines run in close quarters to claim second spot in the market.

"Municipal Solid Waste Ready to Hand Over its Lead to Waste Electronic and Electronic Equipment Recycling"

Municipal Solid Waste (MSW) application is one the biggest consumer of industrial shredders market and claims majority of market value in 2020. Municipal organizations deals with heaps and tons of daily waste including a variety of material need to be disposed and recycle. Manual sorting and shredding of such huge volume of waste are next to impossible and hence municipal waste management companies incorporated industrial shredders to reduce the volume. However, waste electronics and electronics equipment (WEEE) recycling rapidly catching up on municipal solid waste in incorporating industrial shredders. Significant amount of e-waste is generated and process of recovering metals and other material from e-waste gained considerable momentum. This momentum is expected to help waste electronics and electronics equipment (WEEE) recycling application to gain advantage over municipal solid waste in coming years in terms of market value.

"Stringent Environmental Regulation Allowing North America to Lead the Global Industrial Shredder Market"

North America has more than 1,900 landfills to dispose of municipal and other wastes. However, the region has committed itself towards recycling and proper waste disposal. Government and environmental organizations in these regions formulated stringent regulation for waste disposal and recovery providing ample opportunities for industrial shredders market to grow in North America. In 2019, 67.8 Mn tons of municipal waste is recovered through recycling owing to the extensive use of industrial shredders. Positive attitude towards waste recovery and stringent regulation are driving the overall industrial shredders market in North America. The region is followed by Europe and Asia Pacific respectively. Home to several rapidly developing industries, Asia Pacific projected to emerge as the fastest and most promising region in terms of market value across the globe. Dense population and growing waste electronics and electronics equipment (WEEE) expected to drive the industrial shredders market in coming years.

"Fragmented Market Offers Resistance for Leading Industrial Shredder Companies"

Industrial shredders are heavy and expensive machines and offer significant long operational life with proper maintenance. This strips companies with valuable opportunities to make significant sales each year. The market is highly fragmented and consequently, propose stiff competition among existing players. Acquiring long-term contract and technological up gradation are few of the several vital strategies incorporated by the companies are discussed in the research study. The research comprises business approaches and modern evolution of few of the most prominent companies in flow meters market includes VECOPLAN, China Shredder, Lindner-Recyclingtech, SSI Shredding Systems, Jordan Reduction Solutions WAGNER, Franklin Miller, Genox, Untha, Erdwich, Granutech-Saturn Systems and ZERMA among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Industrial Shredders market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Industrial Shredders market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Industrial Shredders market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Industrial Shredders market?
• Which is the largest regional market for Industrial Shredders market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Industrial Shredders market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Industrial Shredders market worldwide?