About Industrial Shredder
Industry Shredder is a type of machine which used for dropping the size of all types of material including as tires, car wrecks, metals, plastics, wood, and garbage. It is available with different design and sizes. Different design includes vertical hammer mills, horizontal hammer mills, slow speed and shear type shredders of single, double, triple and quad shaft design. Industrial shredders are mainly designed for high-volume as well as high-frequency shredding.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.3% |
Industrial Shredder industry is highly competitive due to the presence of giant players having strong distribution networks worldwide. The manufacturers are focusing on mergers & acquisitions to improve their market share and overall market position. Product launches, research, and expansion of the existing product portfolio are some of the other strategies that should be considered to gain ground in the market during the assessment period. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Shredder market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
China Shredder (China), Lindner-Recyclingtech (Austria), SSI Shredding Systems (United States), Untha (Austria), Vecoplan (Germany), Genox (China), Erdwich (Germany), Granutech-Saturn Systems (United States), Forrec srl (Italy) and ZERMA (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Allegheny (United States), Cresswood (United States), AVIS Industrial (United States), Shred-Tech (Canada) and Harden Industries (United States).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Shredder market by Type (Plastic Shredders, Tire Shredders and Paper Shredders), Application (Waste Electronic and Electronic Equipment Recycling (WEEE), Municipal Solid Waste Recycling (MSW), Paper - Reject Recycling, Wood Waste Recycling, RDF Recycling and Others) and Region.
On the basis of geography, the market of Industrial Shredder 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 Distribution Channel, the sub-segment i.e. Online will boost the Industrial Shredder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Shaft Type, the sub-segment i.e. Single Shaft Industrial Shredder will boost the Industrial Shredder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption and Sales of EVs and The Support of the Governmental Authorities to Promote Sustainable Packaging
Market Growth Drivers:
Growing Production and Adoption of Light Vehicles and Safeguards the Privacy of the Company by Destroying Documents and Media like Hard Drives and Other Electronic Related Items
Restraints:
Drop-In Commodity Prices Reducing Demand for Scrap and Incapability of Separating the Non-Paper Based Products from the Paper Based Product
Opportunities:
Huge Demand of Electrical Vehicles with Advance Technology
Market Leaders and their expansionary development strategies
In November 2023, Deacero has recently placed an order for five state-of-the-art scrap shredders from renowned Italian plantmaker Danieli. The decision aims to optimize the processing of light domestic scrap and car bodies, signaling Deacero's commitment to sustainable and efficient steel production practices.
In October 2023, Fornnax Technology establishes a new benchmark by introducing R4000-HD. Fornnax possesses a trump card in aspects of making the tyre recycling business profitable, with formidable performance efficacy criteria. The introduction of the new Fornnax R4000-HD is going to be a game changer in the recycling industry
Key Target Audience
Industry Shredder Manufactures, Distributors and Suppliers, Industry Associations, Government and Private Research Organization, Government Regulatory Bodies, End User Industries 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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.