Shredder Blades Market
PUBLISHED: 2024 ID: SMRC26232
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Shredder Blades Market

Shredder Blades Market Forecasts to 2030 - Global Analysis By Material Type (Steel Alloys, Tungsten Carbide Tipped and Other Material Types), Shredder Type (Industrial Shredders, Municipal Solid Waste Shredders, Wood Shredders and Other Shredder Types), Blade Design, Shaft Count, Application, End User and By Geography

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4.6 (96 reviews)
Published: 2024 ID: SMRC26232

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Shredder Blades Market is accounted for $441.2 million in 2023 and is expected to reach $746.4 million by 2030 growing at a CAGR of 7.8% during the forecast period. Shredder blades are sharp, rotating components used in shredding machines to cut and reduce materials like paper, plastic, or metal into smaller pieces. They are made of durable materials like hardened steel; these blades efficiently tear through objects, facilitating the shredding process. They come in various shapes and sizes, are optimized for specific shredding tasks, and require regular maintenance to ensure optimal performance and longevity.

According to the World Bank, global waste generation is estimated to increase by 70% by 2050.

Market Dynamics: 

Driver: 

Increasing waste generation

The growing amount of waste produced globally drives the demand for shredder blades. As industries and populations expand, the need for efficient waste management solutions, including shredding equipment, rises. Shredder blades play a crucial role in processing various types of waste materials, such as plastic, metal, and paper, facilitating recycling and disposal processes. The increasing waste generation acts as a significant driver for the shredder blade market, as it directly influences the demand for shredding machinery and replacement blades.

Restraint:

High manufacturing costs

The production of high-quality shredder blades involves significant costs, which can restrain market growth. Shredder blades are made from durable and wear-resistant materials, such as hardened steel or tungsten carbide, to withstand the demanding shredding process. The manufacturing process requires precision engineering, heat treatment, and strict quality control measures, all of which contribute to higher production costs. These elevated costs can limit the adoption of shredder blades, especially in price-sensitive markets or smaller-scale waste management operations.

Opportunity:

Innovation in blade materials and design

The development of new alloys or coatings that enhance the durability, sharpness, and wear resistance of shredder blades can improve their performance and longevity. Additionally, innovative blade designs that optimize cutting efficiency, reduce power consumption, and minimize maintenance requirements can attract customers seeking improved shredding solutions. Manufacturers who invest in research and development to introduce innovative blade materials and designs can gain a competitive edge and capture new market opportunities.

Threat:

Environmental regulations on manufacturing

The production of shredder blades involves processes that may have environmental implications, such as energy consumption, emissions, and waste generation. Governments worldwide are implementing stricter regulations to mitigate the environmental impact of manufacturing activities. Compliance with these regulations can increase production costs, require additional investments in eco-friendly technologies, and limit the use of certain materials, which will limit market expansion.

Covid-19 Impact: 

The COVID-19 pandemic has had a mixed impact on the shredder blades market. While the overall demand for waste management services decreased due to reduced industrial activity and lockdown measures, the pandemic also highlighted the importance of proper waste disposal, particularly for medical and hazardous waste. The increased generation of medical waste, such as personal protective equipment, has driven the demand for shredding solutions in the healthcare sector. However, the economic slowdown and disruptions in supply chains have affected the manufacturing and distribution of shredder blades.

The steel alloys segment is expected to be the largest during the forecast period

The steel alloys segment is expected to be the largest during the forecast period. Steel alloys are widely used in the production of shredder blades due to their strength, durability, and cost-effectiveness. The superior mechanical properties of steel alloys make them suitable for shredding a wide range of materials, including plastic, paper, and metal. The large market share of the steel alloys segment can be attributed to their widespread adoption across various industries, such as recycling, waste management, and manufacturing. Additionally, they offer a balance between performance and affordability, making them a preferred choice for many shredder blade manufacturers and end users.

The recycling segment is expected to have the highest CAGR during the forecast period

The recycling segment is expected to have the highest CAGR during the forecast period. The increasing emphasis on sustainability, circular economy, and waste reduction has fueled the demand for recycling solutions. Shredder blades play a vital role in the recycling process by reducing the size of waste materials, facilitating sorting, and enabling the recovery of valuable resources. The high CAGR of the recycling segment can be attributed to the growing global focus on environmental conservation, government initiatives promoting recycling, and the rising demand for recycled materials in various industries.

Region with largest share:

Europe is expected to hold the largest share in the shredder blades market during the forecast period. Europe has a well-established waste management infrastructure and stringent environmental regulations, which contribute to its large market share in the shredder blade market. The region has a strong focus on recycling and sustainable waste management practices, driven by government directives and consumer awareness. The presence of major industrial sectors, such as automotive, packaging, and manufacturing, further fuels the demand for shredder blades in Europe.

Region with highest CAGR:

The Asia Pacific region is projected to experience the highest CAGR in the Shredder Blades market during the forecast period. The Asia-Pacific region is witnessing rapid industrialization, urbanization, and population growth, leading to an increased generation of waste. Countries like China, India, and Southeast Asian nations are investing heavily in waste management infrastructure and adopting advanced shredding technologies to tackle the mounting waste problem. Moreover, the growing middle class and changing consumption patterns in the region contribute to the increased demand for shredder blades.

Key players in the market

Some of the key players in Shredder Blades Market include Allegheny Shredders, Ameri-Shred Corp., BCA Industries, CM Shredders, ECO Green Equipment, Forrec Srl, Franklin Miller, Inc., Granutech-Saturn Systems, Harris Equipment, Jordan Reduction Solutions, JWC Environmental, Komar Industries, Inc., Lindner Recyclingtech GmbH, Metso Corporation, Shred-Tech Corporation, SSI Shredding Systems, Inc., UNTHA Shredding Technology GmbH, Vecoplan AG, WEIMA Maschinenbau GmbH and ZERMA Machinery & Recycling Technology.

Key Developments:

In November 2023, Metso is expanding its service center in Mesa, Arizona to support the growing needs of mining customers, primarily in the copper segment, which plays a crucial role in supporting a responsible energy transition. In addition to expanding its service and repair capabilities, a cutting-edge training center will be built to continue to improve competence development in the region.

In August 2022, WEIMA exhibited two new plastic shredders and a new development in the field of compaction of plastic flakes at K 2022. WEIMA is also involved in various recycling solutions, including shredding solutions for post-consumer plastic recycling.

In May 2020, United States-based SSI Shredding Systems Inc. has provided three shredders that are part of what the firm calls a “new state-of-the-art refuse-derived fuel (RDF) line” in Thailand. SSI says the system put in place has created a closed loop process. The shredders were supplied to SCG Cement-Building Products Co. Ltd. for its fuel line installed at an industrial waste-fed power plant in Map Ta Phut, Rayong Province, Thailand.

Material Types Covered:
• Steel Alloys
• Tungsten Carbide Tipped
• Other Material Types

Shredder Types Covered:
• Industrial Shredders
• Municipal Solid Waste Shredders
• Wood Shredders
• Other Shredder Types

Blade Designs Covered:
• Claw
• Hook
• Square
• Other Blade Designs

Shaft Counts Covered:
• Single Shaft
• Double Shaft
• Other Shaft Counts

Applications Covered:
• Recycling
• Size Reduction for Processing
• Waste Reduction
• Other Applications

End Users Covered:
• Recycling Facilities
• Food Industry
• Forestry and Wood Products Industry
• Manufacturing Industries
• Waste Management Companies
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
         
2 Preface        
 2.1 Abstract       
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology       
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions      
         
3 Market Trend Analysis        
 3.1 Introduction       
 3.2 Drivers       
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats       
 3.6 Application Analysis       
 3.7 End User Analysis       
 3.8 Emerging Markets       
 3.9 Impact of Covid-19       
         
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry       
         
5 Global Shredder Blades Market, By Material Type        
 5.1 Introduction       
 5.2 Steel Alloys       
  5.2.1 Boron Steel      
  5.2.2 High-Chrome Steel      
  5.2.3 Stainless Steel      
  5.2.4 Tool Steel      
 5.3 Tungsten Carbide Tipped       
 5.4 Other Material Types       
         
6 Global Shredder Blades Market, By Shredder Type        
 6.1 Introduction       
 6.2 Industrial Shredders       
 6.3 Municipal Solid Waste Shredders       
 6.4 Wood Shredders       
 6.5 Other Shredder Types       
         
7 Global Shredder Blades Market, By Blade Design        
 7.1 Introduction       
 7.2 Claw       
 7.3 Hook       
 7.4 Square       
 7.5 Other Blade Designs       
         
8 Global Shredder Blades Market, By Shaft Count        
 8.1 Introduction       
 8.2 Single Shaft       
 8.3 Double Shaft       
 8.4 Other Shaft Counts       
         
9 Global Shredder Blades Market, By Application        
 9.1 Introduction       
 9.2 Recycling       
 9.3 Size Reduction for Processing       
 9.4 Waste Reduction       
 9.5 Other Applications       
         
10 Global Shredder Blades Market, By End User        
 10.1 Introduction       
 10.2 Recycling Facilities       
 10.3 Food Industry       
 10.4 Forestry and Wood Products Industry       
 10.5 Manufacturing Industries       
 10.6 Waste Management Companies       
 10.7 Other End Users       
         
11 Global Shredder Blades Market, By Geography        
 11.1 Introduction       
 11.2 North America       
  11.2.1 US      
  11.2.2 Canada      
  11.2.3 Mexico      
 11.3 Europe       
  11.3.1 Germany      
  11.3.2 UK      
  11.3.3 Italy      
  11.3.4 France      
  11.3.5 Spain      
  11.3.6 Rest of Europe      
 11.4 Asia Pacific       
  11.4.1 Japan      
  11.4.2 China      
  11.4.3 India      
  11.4.4 Australia      
  11.4.5 New Zealand      
  11.4.6 South Korea      
  11.4.7 Rest of Asia Pacific      
 11.5 South America       
  11.5.1 Argentina      
  11.5.2 Brazil      
  11.5.3 Chile      
  11.5.4 Rest of South America      
 11.6 Middle East & Africa       
  11.6.1 Saudi Arabia      
  11.6.2 UAE      
  11.6.3 Qatar      
  11.6.4 South Africa      
  11.6.5 Rest of Middle East & Africa      
         
12 Key Developments        
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 12.2 Acquisitions & Mergers       
 12.3 New Product Launch       
 12.4 Expansions       
 12.5 Other Key Strategies       
         
13 Company Profiling        
 13.1 Allegheny Shredders       
 13.2 Ameri-Shred Corp.       
 13.3 BCA Industries       
 13.4 CM Shredders       
 13.5 ECO Green Equipment       
 13.6 Forrec Srl       
 13.7 Franklin Miller, Inc.       
 13.8 Granutech-Saturn Systems       
 13.9 Harris Equipment       
 13.10 Jordan Reduction Solutions       
 13.11 JWC Environmental       
 13.12 Komar Industries, Inc.       
 13.13 Lindner Recyclingtech GmbH       
 13.14 Metso Corporation       
 13.15 Shred-Tech Corporation       
 13.16 SSI Shredding Systems, Inc.       
 13.17 UNTHA Shredding Technology GmbH       
 13.18 Vecoplan AG       
 13.19 WEIMA Maschinenbau GmbH       
 13.20 ZERMA Machinery & Recycling Technology       
         
List of Tables         
1 Global Shredder Blades Market Outlook, By Region (2021-2030) ($MN)        
2 Global Shredder Blades Market Outlook, By Material Type (2021-2030) ($MN)        
3 Global Shredder Blades Market Outlook, By Steel Alloys (2021-2030) ($MN)        
4 Global Shredder Blades Market Outlook, By Boron Steel (2021-2030) ($MN)        
5 Global Shredder Blades Market Outlook, By High-Chrome Steel (2021-2030) ($MN)        
6 Global Shredder Blades Market Outlook, By Stainless Steel (2021-2030) ($MN)        
7 Global Shredder Blades Market Outlook, By Tool Steel (2021-2030) ($MN)        
8 Global Shredder Blades Market Outlook, By Tungsten Carbide Tipped (2021-2030) ($MN)        
9 Global Shredder Blades Market Outlook, By Other Material Types (2021-2030) ($MN)        
10 Global Shredder Blades Market Outlook, By Shredder Type (2021-2030) ($MN)        
11 Global Shredder Blades Market Outlook, By Industrial Shredders (2021-2030) ($MN)        
12 Global Shredder Blades Market Outlook, By Municipal Solid Waste Shredders (2021-2030) ($MN)        
13 Global Shredder Blades Market Outlook, By Wood Shredders (2021-2030) ($MN)        
14 Global Shredder Blades Market Outlook, By Other Shredder Types (2021-2030) ($MN)        
15 Global Shredder Blades Market Outlook, By Blade Design (2021-2030) ($MN)        
16 Global Shredder Blades Market Outlook, By Claw (2021-2030) ($MN)        
17 Global Shredder Blades Market Outlook, By Hook (2021-2030) ($MN)        
18 Global Shredder Blades Market Outlook, By Square (2021-2030) ($MN)        
19 Global Shredder Blades Market Outlook, By Other Blade Designs (2021-2030) ($MN)        
20 Global Shredder Blades Market Outlook, By Shaft Count (2021-2030) ($MN)        
21 Global Shredder Blades Market Outlook, By Single Shaft (2021-2030) ($MN)        
22 Global Shredder Blades Market Outlook, By Double Shaft (2021-2030) ($MN)        
23 Global Shredder Blades Market Outlook, By Other Shaft Counts (2021-2030) ($MN)        
24 Global Shredder Blades Market Outlook, By Application (2021-2030) ($MN)        
25 Global Shredder Blades Market Outlook, By Recycling (2021-2030) ($MN)        
26 Global Shredder Blades Market Outlook, By Size Reduction for Processing (2021-2030) ($MN)        
27 Global Shredder Blades Market Outlook, By Waste Reduction (2021-2030) ($MN)        
28 Global Shredder Blades Market Outlook, By Other Applications (2021-2030) ($MN)        
29 Global Shredder Blades Market Outlook, By End User (2021-2030) ($MN)        
30 Global Shredder Blades Market Outlook, By Recycling Facilities (2021-2030) ($MN)        
31 Global Shredder Blades Market Outlook, By Food Industry (2021-2030) ($MN)        
32 Global Shredder Blades Market Outlook, By Forestry and Wood Products Industry (2021-2030) ($MN)        
33 Global Shredder Blades Market Outlook, By Manufacturing Industries (2021-2030) ($MN)        
34 Global Shredder Blades Market Outlook, By Waste Management Companies (2021-2030) ($MN)        
35 Global Shredder Blades Market Outlook, By Other End Users (2021-2030) ($MN)        
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.         

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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