According to the research report titled ‘Slow Speed Shredding Machines Market Size By Type (Single Shaft, Twin Shaft), By Application {Consumer Waste (MSW), Industrial Waste}, Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2021 – 2027’, available with MarketStudyReport, global slow speed shredding machines market is anticipated to expand at a substantial CAGR over the forecast period 2021-2027.
 

As per report findings, factors such as supportive government regulations for effective waste management, surging demand for recycled products, and imposition of strict environmental rules are primarily driving global slow speed shredding machines market growth.

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For the unversed, a shredder is a machine or equipment used for volume reduction/ shredding of heavy weight waste like tires, refrigerators, paper materials, bumpers, and paper reams. Slow speed shredders are highly efficient and are customized to process for all kinds of materials, including bulky waste, domestic waste and industrial waste.

On the downside, high costs of product components are likely to impede market development over the upcoming years.

In terms of product type segmentation of worldwide slow speed shredding machines industry, twin shaft segment is slated to register notable gains over 2021-2027, as twin shafts are bi-directional and tend to provide higher efficiency and capacity while maximizing knife utilization. Features like low dust & noise creation, low maintenance requirements, as well as its heavy-duty blade design are likely to propel segmental growth over the analysis period.

On the regional front, Latin America market is touted to record 6% CAGR over the forecast time period, primarily due to rising adoption of environmental regulations.

Notably, the U.N. has been constantly pushing for the closing of dumpsites across several countries in the region. Moreover, high levels of land fillings and subsequent efforts towards boosting recycling rates, as well as the adoption of effective waste management policies are also propelling regional market growth.

Prominent players in global slow speed shredding machines market are Fornnax Technology Pvt. Ltd., Zhangjiagang Amstar Machinery Co. Ltd., Bandit Industries Inc., Lindner-Recyclingtech GmbH, Granutech-Saturn Systems, Zerma Machinery & Recycling Technology (Shanghai), Williams Patent Crusher and Pulverizer Co. Inc., Komptech GmbH, SSI Shredding Systems Inc., Genox Recycling Tech Co. Ltd., Terex Corp., and Edge Innovate (NI) Ltd.