Top 3 Emerging Trends Impacting the Global Industrial Shredder Machine Market from 2017-2021: Technavio

Technavio has published a new report on the global industrial shredder machine market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--Technavio’s latest report on the global industrial shredder machine market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

The research study by Technavio on the global industrial shredder machine market for 2017-2021 provides a detailed industry analysis based on products (iron and steel and aluminum, copper, and non-ferrous metals) and geography (the Americas, EMEA, and APAC).

An industrial shredder is used to shred all kinds of materials such as tires, car wrecks, metals, plastics, wood, and garbage. The global industrial shredder machine market size is projected to reach USD 810.46 million by 2021, with more than 55% of this revenue originating from the Americas.

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The top three emerging trends driving the global industrial shredder machine market according to Technavio heavy industry research analysts are:

  • Growing sales of electric vehicles
  • Evolution of waste management techniques to suit low-grade ores
  • Stringent nuclear reactor regulations post-Fukushima accident

Growing sales of electric vehicles

The adoption of electric vehicles has increased due to advances in technology and government incentives on these vehicles. Western Europe is witnessing an explosive growth of the electric vehicle market, with manufacturers expanding their factory floors to meet the increasing demand,” says Gaurav Mohindru, a lead analyst at Technavio for unit operations research.

Many electric vehicle manufacturers are heavily investing in expanding and improving their manufacturing capabilities. Investments of this nature are expected to boost the demand for shredding machines, thereby driving market growth.

Evolution of waste management techniques to suit low-grade ores

The demand for industrial shredders is directly affected by the volume of waste that is generated at mining sites, which is, in turn, dependent on the grade of the ore being mined. With most mines close to depletion, the quality of the ores being mined have declined consistently, resulting in higher quantities of waste that need to be shredded. While companies are adopting advanced technologies to lower the operating cost of treatment, membrane separation, sulfide treatment, and metal recovery, the demand for industrial shredders is likely to increase.

Stringent nuclear reactor regulations post-Fukushima accident

The sensitive nature of nuclear energy has always resulted in governments being very vigilant regarding their safety. However, the Fukushima earthquake had unforeseen consequences despite ensuring that every precaution had been followed. Post this incident, governments around the world became even more cautious about the management of wastes generated by these nuclear power plants.

Nuclear reactors around the world are being upgraded with the latest safety features to improve performance and reduce levels of harmful wastes. This is likely to have a positive impact on the industrial shredder market,” says Gaurav.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio’s latest report on the global industrial shredder machine market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com