Slow Speed Shredding Machines Market to Witness Robust Expansion Throughout the Forecast Period 2021-2026
May 06, 2022
According to a research report by Stratview Research, the Slow Speed Shredding Machines Market is likely to witness a CAGR of 6% during the forecast period. Rising strict regulations related to waste management and recycling around the world are likely to be the main factors accelerating the market growth during the forecast period.
Get a free sample report here: https://www.stratviewresearch.com/Request-Sample/1830/slow-speed-shredding-machines-market.html#form
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Segments' Analysis
Based on the type, the market is segmented as single shaft and twin shaft. Twin shaft is also recognized as duel shaft and represents more than 55% of the global market. It is a machine used for reducing the size of heavy and giant machines. It is available in many sizes and designs. It is commonly used for metals, car wrecks, shredding tires, wood, electronic wastes, and household garbage. Depending on the design and size of the shredder, the twin shaft shredder can shred plastic as well as wood and metal including an entire car. Increasing waste management and waste recycling activities across the globe will bolster the demand for twin shaft shredders over the forecast period.
Based on the application type, the market is segmented as consumer waste/MSW and industrial waste. Consumer waste accounted for 70% of the market volume share in 2020. This segment represents waste which includes metals; plastics; woods, paper & paperboards; rubber, leather, textiles; e-waste; etc. With the governments of both, developed and developing economies, focused on efficient waste management and recycling to derive reusable resources, the MSW application segment will continue to observe significant growth during the forecast period.
In terms of regions, Europe led the market in 2020. Increasing regulations and revised target aimed towards reducing waste and propelling the waste recycling and reusability activities in Europe will compel the regional product consumption over the forecast period as well. North America and Asia-Pacific are also estimated to offer substantial growth opportunities during the forecast period.
Leading Players Covered in the Slow Speed Shredding Machines Market Report:
- Bandit Industries, Inc.
- EDGE Innovate. (NI) LTD
- GENOX RECYCLING TECH CO., LTD.
- Granutech-Saturn Systems
- Komptech Group
- LINDNER-RECYCLINGTECH GMBH
- SSI Shredding Systems, Inc.
- Terex Corporation
- Williams Patent Crusher and Pulverizer Co., Inc.
- ZERMA Machinery & Recycling Technology
To develop better customer understanding, the team at Stratview Research employ a range of quantitative and qualitative market research approaches. This report aims to help the users make use of the available data in a way, that profits the business and leads to growth.
Stratview Research is interested in learning what additional information, if included, would be beneficial to the users’ business. We also customise reports based on your preferred countries/regions, segmentations, companies, and so on. You can share any specific requirements related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
About Us:
Stratview Research is a global market research firm that delivers precise data and ground-breaking business study, helping organizations of all sizes make suitable decisions. We gather information for our clients, assisting them to address various challenges, and trends related to their market.