Slow Speed Shredding Machine Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4102
Slow Speed Shredding Machine Market size is driven mainly by its increasing utilization of processing industrial scrap materials across various application industries. These systems are pre-programmed for processing various materials such as waste wood, green waste, domestic waste, etc. The increasing demand for this equipment is supported by its high implementation in industrial waste management operations. The high processing capability and durability features in newly developed shredders will promote their utilization in various scrap processing activities. Additionally, rising scrap quantity and dumping grounds is leading to efficient waste management techniques, fueling the market growth. The growing awareness about energy and the limited availability of resources are supporting the waste recycling process across the globe. Several governments are promoting waste material recycling activities to reduce the industrial scrap, creating the slow speed shredding machine market development.
A major factor impacting the market is the substantially higher cost of components used in machines. The blades used for the shredding process are made using heavy metals and the material hardening process, increasing their price. The cost of these devices is further increased due to the integration of powerful motors & pumps used for rotating the shafts. Another factor affecting the slow speed shredding machine market size is high oil maintenance & service costs associated with the equipment. The machine can shred various materials, such as tires, wood, metal products, etc., which increases the wear & tear, leading to the regular & high cost of oil servicing. Additionally, the inability to flow variably is a drawback of these systems. However, increasing technological developments have led to the introduction of variable flow equipment, which aids in overcoming such issues in the market.
An upcoming trend in the slow speed shredding machine market is growing environmental norms and government regulations to reduce the scrap. Several industry players are focusing on recycling operations to reduce the expenditure on raw materials and expensive components. Another trend in the industry is the implementation of new waste management techniques such as landfill, recycling, etc. The recycling process involves reduce, reuse, and recycle. The reduce process requires the shredding of scrap or waste for the reusing purpose, leading to high demand for shredders. Moreover, the usage of shredders in hazardous medical waste management is developing the market in the healthcare application.
n owing to their applications such as composting, municipal solid waste handling, metals & e-waste recycling, etc. These machines are used in industrial applications to destroy confidential, defective, or operationally expired materials and products. Several companies are striving to reduce the waste produced in the manufacturing process, supporting product demand. For instance, Art Van uses a low-speed shredder to economically dispose of old box springs, mattresses, couches, etc. Additionally, two-shaft shredders are gaining high demand due to their ability to process contaminated waste, which contains metal or non-shredable materials, aiding to the slow speed shredding machine market size. The double shaft equipment is reliable, provides low operating cost, and can process high volumes of materials under various environmental conditions. The large diameter cutters in double shaft models have a long life, reducing the cost of replacement in the slow speed shredding machine market.
The adoption of these systems in industrial scrapping applications is increasing due to the high popularity of recycling & waste management activities in the sector. The introduction of Industry 4.0 has led to the emergence of smart factories, leading to a large amount of scrap from old machinery and products. The need to efficiently recycle and reuse these wastes is supporting high demand for shredders in manufacturing applications. Moreover, the need for reducing raw material, operational, and manufacturing by reusing the old components in huge industries is supporting the slow speed shredding machine market growth. The European manufacturers are focused on efficient waste management activities to comply with stringent European Commission regulations for energy efficiency and resource reuse to drive the industry expansion at a rapid pace.
The Asia Pacific slow shredding machine market is witnessing high demand owing to the presence of a robust manufacturing & industrial sector, creating a huge amount of hazardous waste. The Asian countries including China, South Korea, and Japan have high manufacturing waste, which needs to be recycled efficiently, creating high product demand. The North America slow speed shredding machine market share is developing rapidly owing to increasing waste, leading to high pollution levels in this region. Increasing public and government initiatives for controlling the pollution levels and managing high waste generation in the North American countries will drive the industry growth.
The major players operating in the slow speed shredding machine market share include Genox, SSI Shredding Systems, Harden Industries, ZERMA, Jordan Reduction Solutions, Cresswood, Granutech-Saturn Systems, Shred-Tech, China Shredder, Lindner-Recyclingtech, Franklin Miller, and AVIS Industrial. Several companies are highly investing in R&D operations to offer innovative and durable products for recycling purposes. The slow speed shredding machine market players are implementing strategic M&A activities and partnerships & collaborations. For instance, in June 2018, Lindner-Recyclingtech announced the launch of its new slow shredder Polaris 1800, which is used for municipal solid, commercial, and industrial waste. In June 2019, Harden Industries announced the launch of a new shredder to recycle tough medical wastes, such as stainless steel surgical, small medical devices, container, syringes, etc.
The slow speed shredding machine market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2015 to 2025, for the following segments:
Slow Speed Shredding Machine Market, By Number of Shaft Type
Slow Speed Shredding Machine Market, By Position of Shaft Type
Slow Speed Shredding Machine Market, By End User
- Industrial waste
- Consumer waste
- Medical waste
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
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