According to a recent survey published by FMI, the global Shaft Shredder market is expected to grow at a healthy CAGR during the forecast period between 2018 and 2028. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Shaft Shredder over the coming decade.
Advent of Industry 4.0 Technology to Create New Growth Avenues for the Shaft Shredder Market
Industrial sector is witnessing revolution as manufacturers across the world are extensively emphasizing towards adopting incorporating advanced automation, This is commonly being referred to as Industry 4.0.
With the advent of Industry 4.0, manufacturers are stressing the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others. This is projected to open up attractive potential for growth in the Shaft Shredder market.
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Furthermore, rising government emphasis on improving the manufacturing sector and integrating augmented and virtual reality using smart equipment to boost output are expected to drive market demand in the approaching years.
Key Shaft Shredder Market Takeaways and Projections
- The U.S. is estimated dominate the Shaft Shredder market in North America, accounting for the largest share in the region through 2022.
- Germany is projected to account for a significant share in the Europe market over the assessment period.
- China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2018 and 2028
- India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
- Shaft Shredder Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
- Shaft Shredder Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Shaft Shredder market. As per the survey, Shaft Shredder sales will project steady growth over the forecast period.
- Shaft Shredder Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Shaft Shredder.
- Shaft Shredder Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
Global Shaft Shredder Market: Market Participants
Names of some of the market participants involved in the manufacturing of shaft shredder are:
- Granutech-Saturn Systems
- UNTHA shredding technology GmbH
- Changshu Shouyu Machinery Co., Ltd.
- AVANTI Business Machines Limited
- Ulster Shredders
- EcoStan
- Zhangjiagang Saiou Machinery Co., Ltd.
- VITA GROUP LIMITED
- Jaguar Equipamentos
- Forrec srl Recycling Systems
- SSI Shredding Systems, Inc.
- Franssons Recycling Machines
- Ningbo Sinobaler Machinery Company limited
- Hydrokraft Technologies
- Ameri-Shred
- Zhangjiagang Jiu Yang Machinery Co. LTD
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Global Shaft Shredder Market: Segmentation
The global market for shaft shredder can be segmented on the basis of product type, drive mechanism, end use industry and region.
On the basis of product type, the global shaft shredder market can be segmented as:
- Single-Shaft Shredder
- Dual-Shaft Shredder
- Quad-Shaft Shredder
On the basis of the drive mechanism, the global shaft shredder market can be segmented as:
- Electric Drive
- Hydraulic Drive
- Hybrid Drive
On the basis of end use industry, global shaft shredder market can be segmented as:
- Waste Processing Industry
- Organic Waste
- Hospital Waste
- Electronic Waste
- Municipal Waste
- Others
- Recycling Industry
- Plastic Recycling
- Metal Recycling
- Paper Recycling
- Rubber Recycling
- Wood Recycling
- Others
- Others
On the basis of regions, global shaft shredder market can be segmented as:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Eastern Europe (Poland, Russia)
- Western Europe (Germany, Italy, France, U.K, Spain)
- South East Asia and Pacific (India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
- China
- Japan
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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