North America Horizontal Wood Waste Grinders And Slow Speed Shredders Market Size By Type(Horizontal Wood Waste Grinders, Slow Speed Shredders), By Application(Forestry, Consumer Waste Material (Municipal)), By Geographic Scope And Forecast

North America Horizontal Wood Waste Grinders and Slow Speed Shredder Market Size And Forecast

North America Horizontal Wood Waste Grinders and Slow Speed Shredder Market size was valued at USD 244.67 Million in 2022 and is projected to reach USD 394.66 Million by the end of 2030, growing at a CAGR of 5.49% from 2023 to 2030.

The growing population is resulting in the clearance of land for the establishment of industries and residential places. Advancement in machinery is providing a helping hand for clearance of land with less chances of soil erosion. Growing mechanisation in agriculture, combined with an increase in farmer income, is predicted to be a major driver of growth. In some industries, the raw materials and energy required to manufacture items are still regarded cheap and plentiful, and land is still seen as a low-cost resource that can be exploited to dispose of the trash that businesses generate. However, increasing raw material costs and a sharp reduction in landfill space have inspired a push to preserve through recycling and resource recovery in other segments (and parts of the world).

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North America Horizontal Wood Waste Grinders and Slow Speed Shredder Market Overview

Several sectors are reconsidering the economics of conservation as they become more conscious that the Earth’s material and energy resources are finite. Low-speed shredders can perform a variety of recycling jobs while consuming less energy and producing less noise. Low-speed, high-torque shredding is a method of product separation and volume reduction that has proven suitable for some organizations, municipalities, and recyclers. The advantages of these shredders, according to their manufacturers, are lower vibration and noise levels, lower power usage, and lower installation costs. Processors and industry suppliers think slower speed shredders are better for heterogeneous trash used in WTE applications for a variety of operational reasons. In the United States, municipal solid waste (MSW), also known as rubbish, is utilized to generate electricity at waste-to-energy plants and landfills. In 2018, waste-to-energy plants burned around 12% of the 292 million tons of MSW produced in the United States. The waste-to-energy industry is seeing significant growth potential. According to some projections, the industry will grow at a compound annual growth rate (CAGR) of more than 7% by 2024, while others expect a CAGR of less than 5% by 2028. Regardless, the WTE is expected to grow rapidly, having a long-term impact on the trash and recycling business. High-speed shredders are highly popular because of their key major benefits over low-speed shredders such as productivity, contamination tolerance, and product quality. High-speed spins are anywhere between 1,100 to 1,200 RPM, as low-speed spins in between 30 to 40 RPM. Many slow-speed shredders generate a lumpy, uneven result with few options for size adjustment. For businesses that wish to manufacture a highly specific end product, this is a major challenge. In these circumstances, a high-speed grinder, depending on the cutter tip and screen size, provides more versatility.

North America Horizontal Wood Waste Grinders and Slow Speed Shredder MarketSegmentation Analysis

The North America Horizontal Wood Waste Grinders and Slow Speed Shredder Market Market is segmented by Type, Application and Geography.

North America Horizontal Wood Waste Grinders and Slow Speed Shredder Market by Type

• Horizontal Wood Waste Grinders
• Slow Speed Shredders

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Horizontal Wood Waste Grinders accounted for the largest market share of 55.10% in 2021, with a market value of USD 139.11 Million, and are projected to grow at a CAGR of 5.88% during the forecast period. Horizontal wood waste grinders are commonly mounted onto a rubber tire-mounted frame with a fifth wheel-hitch or pintle hitches (in some cases). Horizontal wood waste grinders are typically loaded from the top with an excavator or grapple and consist of relatively horizontal narrow infeed for maximum feeding efficiency. The presence of a horizontal feed system aids horizontal grinders in minimizing the material ejection rather than tub grinders. The grinding mechanism in horizontal wood waste grinders is designed in such a manner that easily allows the material to escape out of the machine. Significantly, horizontal wood waste grinders are powered by diesel engines, although many manufacturers also offer electric options.

North America Horizontal Wood Waste Grinders and Slow Speed Shredder Market by Application

• Forestry
• Consumer Waste Material (Municipal)
• Others

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Forestry accounted for the largest market share of 47.33% in 2021, with a market value of USD 119.52 Million, and are projected to grow at a CAGR of 4.88% during the forecast period. Forestry involves the production of trees as a renewable resource for wood or biomass owing to increasing direct wood sales. There has been a significant rise in the demand for wood-based products as well, such as woody material for composite products or used as a combustion energy source. Thus, after the trees are cut down for commercial use, forest residues remain at the site as a by-product that can be a major source of biomass for energy. Forest residues are a mix of trees, consisting of leaves, bark, pieces of the trunk, and branches formed due to thinning, cutting stands for timber or pulp, and clearing land for construction or other use. On top, stands damaged by insects, diseases or fire can be an additional source of forest residue.

North America Horizontal Wood Waste Grinders and Slow Speed Shredder Market by Geography

• U.S.
• Canada
• Mexico

In the Global market split, U.S. is dominating region-wise while automated is leading according to type. The US is considered the major pulp producer in the world, and as per USDA, the country contributes to more than one-third of global pulp production in 2020. Packaging paper is one of the largest produced paper categories in the region owing to the rising footprint of sanitary and specialty papers and the rising demand for lightweight packaging materials in various applications such as consumer goods and pharmaceuticals. Apart from this, residential and non-residential construction activities that significantly use woods and related products are also observing an uptick in the United States.

Key Players

The major players in the market are Astec (Peterson),Terex Corporation,Komplet America,Wajax Limited,Orasis Industries Holding Gmbh,Doppstadt Beteiligungs Gmbh. Edge Innovate. (Ni) Ltd.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

In January, 2022, Wajax Corporation (“Wajax” or the Corporation”) acquired the net operating assets of Thunder Bay, Ontario-based Process Flow Systems Ltd. (“Process Flow”).

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the Type/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/Type launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, Type benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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