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

An industrial shredder is a machine used for the cutting of multitude of materials with precise measurements and high level of accuracy. Industrial shredders are available in vast range of sizes and settings to be used in host of applications across large number of industries. Industrial shredders are available in multiple configurations for different application purpose. Major configurations of industrials shredders come in single shaft, double shaft, triple and quad shaft as well.

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

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 industrial shredder market in 2019 and accounted for over 30% share in total revenue generated. Municipal solid waste also occupied significant portion of total number of industrial shredders demand in 2019. Increasing urbanization and growing volume of municipal solid waste across the world has been remained one of the major challenges faced by modern cities. Industrial shredders have proven very efficient in processing municipal solid waste with its ability to cut broad category of materials. This in turn fueling the growth of industrial shredders.

North America and Europe were leading markets for the industrial shredders with over 60% share in total revenue generation in 2019. 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 the industrial shredders over the past few years. This can be mainly attributed to the growing end-user industries in the region. Moreover, large number of paper reject recycling facilities along with growing smart city projects in region is likely to boost the demand for industrial shredders in the region.

Key players operating in 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. Industrial shredders market is highly fragmented with the presence of large number of players across the world. Leading five players accounted for over 20% share in 2019. Key players are focusing on 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 as well as other waste processing. While Untha has planned to expand its operations in Poland to increase its geographic foothold.

Global Industrial Shredder Market, Company Share 2019

Historical & Forecast Period

2015 to 2019 – Historical Years

2020 – Current year

2021 - 2027 – Forecast Period

Market Segmentation

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
• 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