Slow Speed Shredding Machines Market Size
Slow Speed Shredding Machines Market size valued at USD 161.9 million in 2020 and is estimated to exhibit over 6% CAGR from 2021 to 2027.
Increasing stringent regulations pertaining to waste management and recycling across the globe will be the chief factor augmenting the market growth. In North America, the regulations pertaining to industrial, household, and hazardous & manufacturing solid wastes come under the Resource Conservation and Recovery Act (RCRA) and are governed by EPA. RCRA's principal objective is the protection against the hazards of waste disposal; conservation of natural resources and energy through recovery and recycling; eliminate or reduce waste; and clean-up the waste that may have leaked, spilled or been improperly disposed of.
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Shredder, equipment or machine for shredding purposes, is primarily used for size reduction of any given material. Slow speed shredding machines operate on the slow-speed, high torque principle. This operating principle reduces both power consumption as well as noise levels along with achieving the highest throughputs There are many slow shredders in the market designed specifically to support material reduction for a broad range of recycling applications including scrap metal, plastic recycling, e-waste recycling, tire-shredding or recycling, wood recycling, etc.
Slow Speed Shredding Machines Market Report Attributes
| Report Attribute |
Details |
| Base Year |
2020 |
| Slow Speed Shredding Machines Market Size in 2020 |
USD 161.95 Million |
| Forecast Period |
2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR |
6% |
| 2027 Value Projection |
USD 281.96 Million |
| Historical Data for |
2017 to 2020 |
| No. of Pages |
130 |
| Tables, Charts & Figures |
155 |
| Segments covered |
Material, Application, End-use and Region |
| Growth Drivers |
- Increasing regulations pertaining to waste management and recycling
- Proliferating demand of recycled products
|
| Pitfalls & Challenges |
- Higher cost associated with the product components
|
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Europe is a prominent region, especially in terms of waste management and recycling. The region has formulated a waste policy to reduce waste and bolster recycling. A key principle of the EU waste policy is to level up the waste management in the ‘waste hierarchy’ and to follow the circular economy principles. Waste hierarchy states that the most favorable option is waste prevention, followed by preparation for recycle, reuse, and other modes of recovery, and the waste disposal is considered as the least favorable option.
The Waste Framework Directive (2008/98/EC) has mentioned a target of 50% of municipal waste to be recycled (for some specific household and similar wastes) by 2020 in each member country except Turkey and Switzerland. In 2018, these targets were updated in order to boost the level of preparation for recycling and reuse of municipal waste to 55%, 60%, and 65% by the end of 2025, 2030, and 2035, respectively.
The COVID-19 pandemic has hit the market for slow-speed shredding machines hard around the world. Why? Because businesses aren't investing as much, orders have dried up, and it's hard to plan for the future. The pandemic has messed up the supply chain for lots of industries. Governments have shut things down, restricted travel, and made it hard for people to work. This has meant less recycling, which has hurt the demand for shredding machines. And to top it all off, the cost of making these machines has gone up. So, in the near future, we're not going to see as many people buying them.
Slow Speed Shredding Machines Market Analysis
In 2020, machines called "twin shaft shredders" or "dual shaft shredders" made up over half of the market for slow-moving shredding machines worldwide. These shredders are used to break down large, heavy items into smaller pieces. They come in all shapes and sizes, and can handle different types of materials like tires, metal, old cars, wood, old electronics, and even household trash. Depending on how they're built and how big they are, these shredders can even crush things like plastic, wood, metal, and even whole cars! As more and more people around the world focus on managing and recycling waste, the need for twin shaft shredders is expected to keep growing in the future.
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Consumer waste or municipal solid waste application held around 70% of the slow speed shredding machines market volume share in 2020. This segment represents the waste created by the consumers, which includes plastic; metal; wood, paper & paperboard; rubber, leather, textiles; e-waste; etc. With the government of both developed and developing economies focused on efficient waste management and recycling to derive reusable resources, the MSW application segment will continue to witness significant growth.
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The slow speed shredding machines market in Europe generated for approximately USD 80 million in 2020. According to EEA, three countries recycled more than 55% of their municipal waste, 28 countries recycled minimum of 55% of their packaging waste, and 15 countries recycled minimum of 65% of their packaging waste in 2017. Rising regulations and updated target aimed towards reducing waste and augmenting the waste recycling and reusability activities in Europe will augment the regional product consumption.
Slow Speed Shredding Machines Market Share
Some of the prominent players in the slow speed shredding machines market are
- EDGE Innovate. (NI) Ltd
- Terex Corporation
- GENOX Recycling Tech Co., Ltd
- SSI Shredding Systems, Inc
- Komptech Group
- Williams Patent Crusher and Pulverizer Co., Inc
- ZERMA Machinery & Recycling Technology
- Granutech-Saturn Systems
- LINDNER-RECYCLINGTECH GMBH
- Bandit Industries, Inc
- Amstar Machinery Co., Ltd
- FORNNAX Technology Pvt Ltd
These manufacturers have implemented many aggressive strategies, such as mergers & acquisitions and new product development, to bolster their competitive advantage in the market. In December 2019, Terex ECOTEC, a subsidiary of Terex Corporation, launched a new slow-speed, twin shaft shredder, TDS 825. This product is well-suited for large-scale operations and is ideal for various types of materials including bulky waste, household waste, commercial waste, waste wood, green waste, tree stumps, and roots. This new product has strengthened the company’s portfolio in the slow speed shredding machines industry.
This market research report on slow speed shredding machines includes in-depth coverage of the industry with estimates & forecast in terms of volume in Units and revenue in USD Million from 2017 to 2027 for the following segments
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Market, by Type
- Single shaft
- Double/twin shaft
- Others
Market, by Application
- Consumer waste/MSW
- Industrial waste
The above information is provided on a regional and country basis for the following
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Poland
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Oceania
- Latin America
- Middle East & Africa
