What is Mobile Shredding Services?
Mobile shredding services help in the disposing of a large amount of paper documented files and other data, mobile shredding facility can allow people to shred their confidential data securely and safely. The mobile vehicle for shredding consists of the equipment for shredding where professionals or staff associated with the service workload the documents and data into the shredder and one can watch their data getting destroyed keeping the data secured, after the shredding process they also provide the destruction certificate for that.
The market study is broken down by Type (Paper & Documents Shredding Service, Hard Drive & Media Destruction Service, Waste Shredding Service, Specialty Shredding Service and Others), by Application (Residential, Commercial and Industrial) and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dataguard Usa, LLC (United States), Stericycle Inc. (Shredit) (United States), Iron Mountain Incorporated (United States), Cintas Corporation (United States), Redishred Capital Corp. (PROSHRED) (UAE), Endoshred (UAE), Shreds Unlimited (United States), Vecoplan LLC (United States) and Shred Station Ltd (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Mobile Shredding Services market by Type, Application and Region.
On the basis of geography, the market of Mobile Shredding Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Collection will boost the Mobile Shredding Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Financial will boost the Mobile Shredding Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 1st October 2019, Redishred Capital Corp (PROSHRED) announced the completion of the acquisition of the Proshred Chicago business from its franchisee. The Chicago location for the year 2018 earned approximately 4M USD Dollar in revenue and currently operates 14 trucks in the Chicagoland area. The consideration paid included cash and earnout. The acquisition includes on-site paper shredding trucks, plant-based shredding and baling equipment, client relationships, and other assets used in the shredding business. Redishred views this acquisition as accretive to Redishred's cash flows and earnings per share.
On 8th June 2020, Vecoplan LLC announced that it has invested in its facility and staff to increase the company’s focus on the paper and document shredding markets. The company’s manufacturing and assembly facility in Archdale was expanded by 7,000 square feet in late 2019 and early 2020 to increase production capacity for the mobile shredding market.
Market Trend
- Integration of Artificial Intelligence Technology in the Mobile Shredding Services for Safe Transport and Shredding of the Confidential Documents
Market Drivers
- Rising Number of Data and Paper Documented Files in the Commercial and Residential Application
- Need for Eradicating the Unwanted Paper Document Ensuring the Safety and Security
Opportunities
- Growing Awareness about the Waste Disposal and Recycling Process of Things will Boost the Mobile Shredding Services Market
Restraints
- Problem with the Small Size Office as They Consist of a Large Number of Records for Disposal
Challenges
- Stringent Regulatory Guidelines and Compliances with the Mobile Shredding Services
Key Target Audience
Mobile Shredding Services Providers, Mobile Shredding Services Industry Association, Potential Investors, Regulatory Bodies, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.