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Slow Speed Shredding Machines Market to exceed $280 Mn by 2027

  • Published Date: April 6, 2021

Slow Speed Shredding Machines Market size is poised to surpass USD 280 million by 2027, according to a new research report by Global Market Insights Inc.

The growing inclination towards recycled products is projected to generate huge revenue gains throughout the assessment period. The market players are constantly trying to curb their waste disposal cost to have an economic incentive over their industrial rivals. Waste disposal and recycling are one of the most concerned areas for industries owing to presence of stringent industrial waste regulations. Low speed shredding machines are extensively used in these industrial set ups to destroy expired and defective materials by size reduction thereby reducing waste disposable cost. The presence of stringent regulation relating to industrial waste disposal shall drive the overall slow speed shredding machines market growth.

Industrial application to observe significant gains in coming years

Industrial application sector held a market share of over 30% in slow speed shredding machines market revenue in 2020. Industrial sector is widely governed by waste disposable regulations. The use of slow speed shredding machines not only aids in reducing volume of waste but also enhances recycling efficiencies. Shredding machines are used in the first processing step for volume and size reduction of contaminants. Moreover, these machines are also used in multi-step recycling processes to recapture metals especially from circuit boards, computers, switching devices and others.

  Slow Speed Shredding Machines Market Share, By Type

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Slow speed shredding machines offers with various benefits ranging from efficient volume reducing to handling tough materials such as wood pallets, rail ties and others. The growing industrialization in the developing regions coupled with increasing government intervention to reduce industrial waste is anticipated to positively contribute to the overall demand. Growing research and development expenses in the market for the development of sophisticated shredding machines shall open up new opportunities.  However, the requirement of huge capital for the manufacturing of Shredding machines owing to the expensive components acts a major barrier for the entry of new players thereby acting as a major factor restraining the market growth.

Browse key industry insights spread across 130 pages with 137 market data tables & 18 figures & charts from the report, “Slow Speed Shredding Machines Market Size By Type (Single Shaft, Twin Shaft), By Application {Consumer Waste (MSW), Industrial Waste}, Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2021 – 2027” in detail along with the table of contents:

The single shaft product type to exhibit moderate growth

Single shaft segment is set to witness around 6.5% CAGR through 2027. Single shaft shedders has various advantage over twin shaft shredders. The single shaft shredding machines offer with enhanced control over particle size due to the use of sizing screens. These class of shredders generally operates at a speed of 80-110 rpm and are widely used for the processing of material such as foam, plastic purging , fabric and fiber materials. Although, single shaft slow speed shredders possess particle control however has some limitations in terms heating and certain material processing.

North America captured more than 25% of the slow speed shredding machines market share in 2020 and is likely to observe steady growth till 2027. The presence of huge industrial infrastructure in the region coupled with waste regulations will fuel the machine demand. The United States Environmental Protection Agency is widely active in industrial waste regulation schemes such as The Solid Waste Program and Solid Waste Disposal Act. to encourage the industrial sector to process its waste. The presence of these regulations along with the strict compliance issues is anticipated further augment the regional market growth.

Authors: Kiran Pulidindi, Akshay Prakash