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Industrial Shredders Market By Type (Single Shaft, Two Shaft, Three Shaft, Four Shaft), By Application (Municipal Solid Waste Recycling (MSW), Waste Electronic And Electronic Equipment Recycling (WEEE), Wood Waste Recycling, RDF Recycling, Paper Reject Recycling, Other) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027

The global Industrial Shredder market is expected to generate around USD 946 million in 2027 compared to USD 835 million in 2019. Therefore, the global Industrial Shredder market is expected to witness a moderate CAGR of just over 5.67% during the forecast period.

An industrial shredder is a machine used to cut a multitude of materials with precise measurements and a high level of accuracy. Industrial shredders are available in various sizes and settings for various applications across many industries. In addition, industrial shredders are available in multiple configurations for different applications. Major structures of industrial shredders come in a single shaft, double shaft, triple and quad shaft as well.

Plastics, cowhides, papers, tires, wood, metals, auto wrecks, and the scrap industry mainly use mechanical shredders. Mechanical shredders are widely used to cut materials such as paper, plastic, metal, wood, etc. The industrial shredders industry has experienced a sharp decline in production and demand owing to strict mobility restrictions, physical distance norms, etc., in the wake of the COVID-19 outbreak worldwide. However, a slow but steady recovery in the economy has brought back the production and cross-border trade of industrial shredders to normalcy. Single, double, triple, and quad shafts are significant types of industrial shredders based on configurations. Single shaft industrial shredders are widely popular across industries owing to their easy functioning and multiple applications. Single shaft industrial shredders accounted for over 45% share of the total revenue generated by the industry in 2019 and are likely to maintain their superiority in the market during the forecast period.

Global Industrial Shredder Market Share by Type, 2019 - 2027

Paper Reject Recycling, Waste Electronic and Electronic Equipment Recycling (WEEE), Municipal Solid Waste Recycling (MSW), Wood Waste Recycling, RDF Recycling, and Others (Plastic Metal) are major application markets for the industrial shredder industry. Paper Reject Recycling was the largest end-user industry for the industrial shredder market in 2019 and accounted for over 30% share of the total revenue generated. Municipal solid waste also occupied a significant portion of the total number of industrial shredders demands in 2019. Increasing urbanization and growing volume of municipal solid waste across the world have remained a considerable challenge modern cities face. Industrial shredders have proven very efficient in processing municipal solid waste with their ability to cut a broad category of materials. This, in turn, fueled the growth of industrial shredders.

Global Industrial Shredder Market Share by Application, 2019

North America and Europe were leading markets for industrial shredders, with over 60% share in total revenue generation in 2019. The high rate of urbanization coupled with growing MSW processing facilities in these regions has triggered the demand for industrial shredders in the recent past. However, Asia Pacific has also gained momentum in demand for industrial shredders over the past few years. This can be mainly attributed to the growing end-user industries in the region. Moreover, many papers reject recycling facilities, along with growing innovative city projects in the region, which are likely to boost the demand for industrial shredders.

Global Industrial Shredder Market Share by Region, 2019

Key players operating in the industrial shredders market include Franklin Miller, Genox, Jordan Reduction Solutions, VECOPLAN, SSI Shredding Systems, Untha, ECO Green Equipment, LLC., Granutech-Saturn Systems, China Shredder, Linder-Recyclingtech, ZERMA, and Others. The industrial shredders market is highly fragmented, with the presence of a large number of players across the world. Leading five players accounted for over 20% share in 2019. Key players are focusing on the expansion of their portfolio as well as geographic reach. For instance, Lindner-Recyclingtech has announced the expansion of their range of industrial shredders to be used in plastic and other waste processing. In contrast, Untha has planned to expand its operations in Poland to increase its geographic foothold.

Global Industrial Shredder Market by Application, 2015 – 2027 (USD Million)

  • Three Shaft Industrial Shredder
  • Single Shaft Industrial Shredder
  • Double Shaft Industrial Shredder
  • Four Shaft Industrial Shredder

Global Industrial Shredder Market by Application, 2015 – 2027 (USD Million)

  • RDF Recycling
  • WEEE
  • MSW
  • Paper Reject Recycling
  • Wood Waste Recycling
  • Others (Plastic Metal)

Global Industrial Shredder Market by Region, 2015 - 2027

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Global Industrial Shredder Market: Key Players

  • Genox
  • Untha
  • Jordan Reduction Solutions WAGNER
  • Franklin Miller
  • Granutech-Saturn Systems
  • ZERMA
  • ECO Green Equipment, LLC.
  • SSI Shredding Systems
  • VECOPLAN
  • China Shredder
  • Linder-Recyclingtech
  • Others

Frequently Asked Questions:

The market for Industrial Shredder is expected to reach USD 946 million in 2027.

The Industrial Shredder market is expected to see significant CAGR growth over the coming years, at 5.67%.

The report is forecasted from 2015-2027.

The base year of this report is 2021.

VECOPLAN, China Shredder, Linder-Recyclingtech., SSI Shredding Systems, Jordan Reduction Solutions, Franklin Miller, Genox are some of the major players in the global market.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
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Published Date:  Apr 2021
Category:  Industrial Goods
Report ID:   59434
Report Format:   PDF
Pages:   120
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