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.

As our population keeps growing, we're clearing more and more land for factories and homes. Luckily, better machinery is making it easier to clear land without causing as much soil erosion. And, with more machines being used on farms and farmers earning more, we're expecting some serious growth in that area. But here's the thingsome industries still see things like raw materials and energy as super cheap, and they treat land like a dumping ground for their waste. It's a problem! On the bright side, though, because raw material costs are going up and landfill space is shrinking, more and more people are starting to realize we need to recycle and find ways to reuse resources.

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

It's becoming clearer to many sectors that we need to rethink how we conserve resources, given that Earth's materials and energy are limited. That's where low-speed shredders come in, quietly and efficiently tackling all sorts of recycling tasks. This low-speed, high-torque shredding method is proving useful for organizations, cities, and recyclers needing to separate products and reduce volume. Manufacturers boast that these shredders offer less vibration and noise, use less power, and are cheaper to install. Processors and industry suppliers also believe slower shredders work better for mixed waste in waste-to-energy (WTE) projects, for several operational reasons. In the United States, municipal solid waste (MSW), or what most of us call rubbish, is turned into electricity at these plants and landfills. Back in 2018, these plants burned about 12% of the 292 million tons of MSW we produced. The waste-to-energy industry is poised for growth, with some predicting a compound annual growth rate (CAGR) of over 7% by 2024, while others anticipate a CAGR of under 5% by 2028. Either way, WTE is expected to expand quickly, making a lasting difference in the trash and recycling world. However, don't count out high-speed shredders! They're popular for their productivity, ability to handle contamination, and the quality of their output. High-speed spins run between 1,100 to 1,200 RPM, while low-speed only run between 30 to 40 RPM. Many slow-speed shredders create a lumpy, inconsistent result with limited size options. This presents a major hurdle for businesses aiming for a precise end product. In such cases, a high-speed grinder offers more flexibility, depending on the cutter tip and screen size.

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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In 2021, the big winners in the wood waste grinder market were the Horizontal models, grabbing a hefty 55.10% share! That's a market value of USD 139.11 Million. Experts predict they'll keep growing strong, with a projected CAGR of 5.88% over the next few years. You'll usually find these grinders riding on a rubber tire frame, hitched up with a fifth wheel or, sometimes, pintle hitches. They're generally loaded from above using an excavator or grapple, featuring a narrow, horizontal opening to make feeding a breeze. This horizontal design really helps keep material from flying out, which is a nice advantage over tub grinders. The way they're built makes it easy for processed material to escape. Most horizontal wood waste grinders run on diesel engines, but hey, lots of manufacturers are offering electric versions these days, too!

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

• Forestry
• Consumer Waste Material (Municipal)
• Others

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In 2021, forestry really took the lead, grabbing a whopping 47.33% of the market, which translates to about USD 119.52 Million! And it's expected to keep growing, with a projected annual growth rate (CAGR) of 4.88% over the next few years. You see, forestry is all about growing trees as a renewable resource – either for their wood or to use them as biomass, and we're seeing more and more direct sales of wood. Plus, there's been a big jump in demand for things made from wood, whether it's woody stuff for composite materials or using wood to create energy. Now, when trees are harvested for commercial uses, you're left with what we call forest residues; these leftovers can actually become a major source of biomass for energy. Forest residues are essentially a mixed bag of tree parts – leaves, bark, trunk pieces, branches – that come from thinning forests, cutting down trees for timber or pulp, or even clearing land for building. And to add to that, trees damaged by bugs, sickness, or even fire can also become part of this forest residue pile.

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

• U.S.
• Canada
• Mexico

So, when you look at how the global market is divided up, the U.S. is really taking the lead geographically, and automated processes are becoming the most common type. The US is a huge deal when it comes to making pulp. In fact, USDA says they made over a third of all the world's pulp back in 2020! A lot of that goes into packaging paper, which is a massive category there. That's because we're using more sanitary and specialty papers, and everyone wants lighter packaging for things like consumer goods and medicines. Plus, both homes and commercial buildings are being built like crazy, which means a lot more wood and related products are being used 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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