Profile Shredders Market
Profile Shredders Market Analysis By Shredding Type (Strip-cut, Cross-cut, Micro-cut), By Number of Users (Up to 5 Users, Up to 15 Users, Archives/Central Stations), By Sheet Capacity (< 5 Sheets, 5 to 10 Sheets, 11 to 50 Sheets, 51 to 200 Sheets, Above 200 Sheets), By Application (Residential, Commercial, Research & Academics) and Region - Global Market Insights 2023 to 2033
Analysis of Profile Shredders Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Profile Shredders Market Outlook (2023 to 2033)
Global demand for profile shredders accounts for a valuation of US$ 1.46 billion in 2023 and is predicted to climb to US$ 3.21 billion by the end of 2033. The global profile shredders market is pegged for expansion at a high-value 8.2% CAGR over the next ten years.
Profile shredders are extensively deployed by various types of users to shred papers and documents beyond recognition for easy disposal. The surging focus on waste management is also anticipated to bolster demand for different types of shredders over the coming years. Waste shredders, scrap metal shredders, and plastic shredders are also slated to witness a bright demand outlook in the future.
Increasing number of office spaces, growing use of profile shredders by government offices, rising urbanization, expanding consumer purchasing power, and surging need for efficient waste management are other key prospects that could augment profile shredder sales over the next ten years. Growing focus on sustainability and rising consumer awareness regarding waste disposal are also predicted to favour market development through 2033.
- In February 2022, Aurora, a paper shredder manufacturer based in the United States, announced the launch of a new micro-cut paper shredder with 8 sheet capacity. The Aurora AU870MA paper shredder is equipped with manual reverse and auto start to avoid jams.
New profile shredder companies can focus on the development and launch of new energy-efficient paper shredding machines to amplify their sales on the grounds of sustainability and environmental protection. Profile shredder start-ups can also develop profile shredders with additional capabilities to make them versatile products for different commercial and residential applications.
On the contrary, rising penetration of digitization and growing preference for digital copies are expected to be major restraints for profile shredder sales in the future. The high availability of alternatives to profile shredders and fluctuations in raw material pricing are other challenges that profile shredder vendors should overcome in the future to unlock the full growth of the zzz market.
An all-inclusive assessment of market-augmenting aspects such as new developments, product standards, local supply, pricing trends, and safety regulations have been mentioned in this latest profile shredders market study.
Profile Shredders Market Size (2023)
US$ 1.46 Billion
Projected Market Value (2033F)
US$ 3.21 Billion
Global Market Growth Rate (2023 to 2033)
United States Market Value (2033F)
US$ 1.03 Billion
India Market Growth Rate (2023 to 2033)
Germany Market Growth Rate (2023 to 2033)
Cross-cut Profile Shredder Sales Growth (2023 to 2033)
United Kingdom Market Value (2033F)
US$ 286.4 Million
Key Companies Profiled
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Which Threats Could Spell the End of Profile Shredders?
“Increasing Digitization & Transformation to Paperless Economy”
Rapidly increasing digital transformation of different aspects of life and this digitization is paving the way for a paperless economy. A paperless economy promises a more secure and eco-friendly way to operate in the world and provides convenience like no other way.
- In 2021, the government of Dubai became the first in the world to go completely paperless. The crown prince of the United Arab Emirates, Sheikh Hamdan bin Mohammad bin Rashid Al Makhtoum pointed out that 14 million manhours and US$ 350 million were expected to be saved by this paperless move.
A paperless economy is the biggest threat for top profile shredder companies that they could imagine and they need to diversify their business to stay relevant in the paperless future that the world seems to be advocating. Moreover, the growing availability of alternative methods for paper disposal is also an issue that profile shredder companies will have to face throughout the forecast period and beyond.
More detailed insights regarding growth drivers, restraints, and opportunities in Asian countries have been mentioned in this latest profile shredders research survey by the skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Why is the United States a Rewarding Market for Manufacturers of Profile Shredders?
“Surging Number of Commercial Spaces Attracting New Investments”
The number of commercial spaces in the United States has been increasing in the past few years and this is projected to be a key trend that could shape the demand for profile shredders over the next ten years. Moreover, the presence of key profile shredder brands in the country is also expected to create a highly opportune scenario for market growth in the future.
- Profile shredder sales in the United States are estimated to rake in a revenue of US$ 1.03 billion by the end of the forecast period.
Growing focus on sustainability and waste management is also anticipated to uplift sales of profile shredders for residential as well as commercial customers across the forecast period. Increasing demand for proper disposal of confidential documents from corporate and government offices is a key aspect that augments shipments of profile shredders in the country.
Which Asian Countries Should Profile Shredder Companies Target?
“China & India to Be Prime Markets in Asia”
Increasing urbanization and rising per capita disposable income have been influentially influencing consumer trends in the majority of Asian countries. These evolving consumer preferences are expected to favor sales of profile shredders in countries such as India, China, Japan, and Korea over the coming years.
- Shipments of profile shredders in India are anticipated to rise at a phenomenal CAGR of 13% over the next ten years to accumulate a revenue of US$ 354 million by the end of 2033.
Growing number of commercial spaces, rising awareness regarding proper paper disposal, and growing use of paper shredders in government and corporate offices are other prospects that could bolster profile shredder demand in the aforementioned countries going forward. Increasing industrialization in the APAC region is also predicted to bolster growth in the industrial shredders market across the forecast period.
How Does This Research Portray Profile Shredder Demand in European Countries?
“Increasing Focus on Proper Waste Management and Sustainability Shaping Demand for Shredder Machines”
Governments of European countries have been focusing on optimizing waste management to promote sustainability and combat climate change for a long time, which is expected to favor shipments of profile shredders and other industrial shredders going forward. The adoption of sustainability compliance regulations by commercial establishments and increasing awareness regarding proper waste disposal among residential consumers are also estimated to boost demand for shredder machines through 2033.
Germany, the United Kingdom, Sweden, and the Netherlands are projected to be some of the most beneficial markets in the European region. Increasing focus on paper recycling and paper waste management in the aforementioned countries will promulgate profile shredder demand going forward.
- Shipments of profile shredders in Germany are forecasted to rise at an astronomical 12.2% CAGR over the next ten years and account for a value of US$ 457.01 million by 2033-end.
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Where Will Most Profile Shredders Be Used?
“Profile Shredder Usage in Commercial Applications to Be High”
Based on application, the profile shredders market is segmented into and residential, commercial, and research & academics.
Sales of profile shredders for commercial applications currently dominate the global marketplace and are expected to maintain a similar stance throughout the forecast period. An increasing number of commercial spaces and the growing use of paper shredders to process paper waste by these commercial establishments are projected to favor market growth through commercial applications in the future.
- Demand for profile shredders in commercial applications is estimated to increase at an impressive 9.4% CAGR from 2023 to 2033.
Which Type of Shredders are Highly Popular?
“Cross-cut Profile Shredders Account for More Than Half Global Market Share”
Based on type, the profile shredders market is segmented into strip-cut, micro-cut, and cross-cut.
Cross-cut profile shredders cut the paper at the crossway and form small pieces of paper at a higher speed as compared to other shredder machines. Cross-cut profile shredders come at a lower cost and are highly durable, which makes them a popular choice among residential as well as commercial customers in the global marketplace. Furthermore, ease of installation and maintenance of cross-cut shredders are also expected to bolster growth in this segment over the coming years.
- Shipments of cross-cut profile shredders are anticipated to rise at a stellar 9.1% CAGR over the next ten years and currently account for more than 50% of the global market share.
Profile shredder manufacturers are penning new distribution agreements to reach out to new regions and expand their business potential to maximize profitability on a global level.
- In October 2021, Krif Ghana Limited acquired exclusive distribution rights to sell a new range of Hewlett-Packard (HP) document shredders and laminators in Ghana.
Key suppliers of shredders are focusing on launching new products to advance their sales growth and improve their stance in the global marketplace.
- In January 2022, Fellowes Brands, a renowned manufacturer of office accessories and technologies, announced the launch of a new paper shredder. The Powershred® 99Ci Cross-Cut Shredder is equipped with SilentShred technology and SafeSense technology to provide a 100% jam-proof experience.
A detailed account of all new developments in the profile shredders industry has been exclusively discussed in this latest research on profile shredders by skilled analysts at Fact.MR.
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Key Segments of Profile Shredders Industry Research
By Shredding Type :
- P-1 (Strips ≤ 12 mm)
- P-2 (Strips: ≤ 6 mm)
- P-3 (Strips: ≤ 2 mm)
- P-4 (Cross-cut: ≤ 160 mm²)
- P-5 (Cross-cut: ≤ 30 mm²)
- P-6 (Cross-cut: ≤10 mm²)
- P-7 (Cross-cut: ≤ 5 mm²)
By Sheet Capacity :
- < 5 Sheets
- 5 to 10 Sheets
- 11 to 50 Sheets
- 51 to 200 Sheets
- Above 200 Sheets
By Number of Users :
- Up to 5 Users
- Up to 15 Users
- Archives/Central Stations
By Application :
- Government Offices
- Financial Firms
- Law Firms
- Security Firms
- Healthcare Sector
- Real Estate
- Corporate Offices
- Research & Academics
By Region :
- North America
- Latin America
- FAQs -
The global profile shredders market accounts for a valuation of US$ 1.46 billion.
By 2033-end, profile shredder demand is estimated to rake in a revenue of US$ 3.21 billion.
Shipments of profile shredders are set to increase at a high 8.2% CAGR from 2023 to 2033.
Profile shredder sales in the United States are projected to account for a valuation of US$ 1.03 billion by the end of 2033.
Cross-cut profile shredders account for more than 50% share of the global market at present.