Frequently Asked Questions
The global industrial shredder market was valued at USD 1154.9 Million in 2022.
The industrial shredder market is expected to grow at a CAGR of 5.10% between 2023 and 2030, reaching USD 1635.9 Million in 2030.
Single shaft shredder category is the leading segment by number of shafts, holding over 47% share in terms of value in 2022.
The medium segment governs the demand for industrial shredder in the world, holding a massive share of over 47% in 2022.
The direct segment is expected to post the highest CAGR during the forecast period.
Asia Pacific is fueling the growth of the industrial shredder industry, with over one-third share in 2022.
The top players include Advance Hydrau-Tech Pvt. Ltd., ANDRITZ AG, BCA Industries, Brentwood Recycling Systems, ECO Green Equipment, LLC., EcoStan India Private Limited., Hammermills International, Metso Corporation, MOCO Maschinen- und Apparatebau GmbH & Co. KG, Rapid Granulator Inc., Servo International, SSI Shredding Systems, Inc., UNTHA Shredding Technology GmbH, Vecoplan AG and WEIMA Maschinenbau GmbH.
The popularity of industrial shredders is being fueled by the rising amount of industrial trash produced by many industries, including manufacturing, healthcare, and construction. Additionally, growing public knowledge of the financial advantages of resource recovery and recycling is promoting market expansion.
The large initial investment costs associated with these machines make it difficult for small and medium-sized firms (SMEs) to use industrial shredders. Additionally, lack of understanding and inadequate waste management infrastructure in some places limit industry expansion.
Industrial shredders with integrated Internet of Things (loT) technology have the potential for advanced monitoring and preventative maintenance. Due to increased industrialisation and rising environmental concerns, emerging countries, particularly those in Asia-Pacific and Latin America, present unexplored growth prospects for makers of industrial shredders.