Slow Speed Shredding Machines Market Analysis

Slow Speed Shredding Machines Market Analysis

In 2020, twin shaft shredders, often referred to as dual shaft shredders accounted for more than 55% of the global slow speed shredding machines market. A twin shaft slow speed shredder is a machine used for size reduction of all kinds of heavy and bulky materials. Twin shaft slow speed shredders come in various designs and sizes. These shredders are commonly used for shredding tires, metals, car wrecks, wood, electronic wastes, and household garbage. The twin shaft shredder can shred plastic as well as wood and metal including an entire car, depending on the design and size of the shredder. Proliferating waste management and waste recycling activities across the globe will proliferate the demand for twin shaft shredders in coming years.

Consumer waste or municipal solid waste application held around 70% of the slow speed shredding machines market volume share in 2020. This segment represents the waste created by the consumers, which includes plastic; metal; wood, paper & paperboard; rubber, leather, textiles; e-waste; etc. With the government of both developed and developing economies focused on efficient waste management and recycling to derive reusable resources, the MSW application segment will continue to witness significant growth.
 

The slow speed shredding machines market in Europe generated for approximately USD 80 million in 2020. According to EEA, three countries recycled more than 55% of their municipal waste, 28 countries recycled minimum of 55% of their packaging waste, and 15 countries recycled minimum of 65% of their packaging waste in 2017. Rising regulations and updated target aimed towards reducing waste and augmenting the waste recycling and reusability activities in Europe will augment the regional product consumption.