Slow Speed Shredding Machines Market Will Record an Upsurge in Revenue
Stratview Research has published a new report titled “Slow Speed Shredding Machines Market” which is segmented by Type (Single Shaft and Twin Shaft), by Application Type (Consumer Waste/MSW and Industrial Waste), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, Slow Speed Shredding Machines Market is expected to grow from USD 182.76 million in 2021 to USD 275.07 million by 2028 at a CAGR of 5.75% during the forecast period of 2022-2028. 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.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise 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.
Which Region is expected to remain the largest market?
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.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Slow Speed Shredding Machines Market:
· 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
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