Market Overview:
The global office shredder market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as, rising awareness about data security and privacy, increasing number of cyber-attacks, and growing demand for document shredding services. Based on type, the global office shredder market is segmented into strip-cut shredder, cross-cut shredder and micro-cut shredder. Strip cutters are most commonly used in offices as they are low cost and can handle large volumes of paper quickly. Cross cutters are more expensive than strip cutters but offer better security as they produce smaller pieces that are difficult to reassemble. Micro cutters offer the best security but are also more expensive than other types of office shredders and hence find limited adoption in offices. Based on application, the global office shredded market is segmented into online applications and offline applications. Online applications include cloud storage providers (Dropbox Inc., Google Drive etc.), email service providers (Gmail by Google Inc., Outlook by Microsoft Corporation) social media platforms (Facebook Inc., Twitter Inc.)and others such as file sharing websites(Mega Ltd.). Offline applications include personal computers or laptops, USB drives etc.
Product Definition:
The definition of an office shredder is a device that destroys confidential documents by cutting them into small pieces. The importance of an office shredder is to protect the privacy of the documents shredded and to prevent identity theft.
Strip-cut Shredder:
Strip-cut shredders are used for cutting paper into narrow strips, which can be easily recycled. The machine is usually used in offices and homes for disposing of confidential documents, financial statements, marketing plans and other sensitive information.
The strip-cut shredder market is expected to witness significant growth over the forecast period owing to increasing awareness about waste disposal management among consumers across the globe.
Cross-cut Shredder:
The cross-cut shredder is a kind of paper shredder which cuts papers by the horizontal or vertical position. The cross-cut type of cutters makes an effortless and complete job as it can cut both vertically and horizontally at the same time. It is mostly used for office purposes where large volumes of confidential documents are shredded at regular intervals, usually once in every month.
Application Insights:
The office shredder market is segmented by application into online and offline. The online application segment dominated the market in 2017, accounting for over 60% of the overall revenue share. This is attributed to growing awareness about data safety among organizations and a surge in demand for paperless offices across the globe.
Offline applications include corporate offices, banks, hospitals, colleges/universities and other institutions. Offline offices are usually associated with strict privacy policies that do not allow visitors to carry away confidential information easily; this factor has led to high adoption of office shredders in such places. Furthermore, offline applications are expected to witness significant growth owing to increasing pressure on organizations from various quarters regarding data safety issues-related to prevention of cyberattacks and leakage of confidential information through lost or stolen devices or media etc., increase security awareness among employees etc., which will further boost product demand over the forecast period (2017 - 2030).
Regional Analysis:
North America dominated the global office shredder market in 2017. This is attributed to the presence of a large number of prominent players operating in this region, including Fellowes Inc.; Lanier Advanced Cushion Technology, Inc.; and Greenfield Cross-cut Shredder LLC. The increasing volume of paper documents across various industries is also one of the major factors contributing to regional growth. For instance, according to statistics provided by GfK Custom Research Institute Ltd., total business volumes printed at work have increased by nearly 50% from 2007 to 2015 for U.S workers and by more than 70% for Canadian workers during the same period.
Asia Pacific is expected to witness substantial growth over the forecast period owing to rising disposable income levels among consumers as well as growing penetration of online retailing in countries such as China and India that are witnessing strong economic growth over recent years (see Figure 1).
Growth Factors:
- Increasing awareness about the benefits of using office shredders among businesses and consumers.
- Rapid technological advancements in the office shredder industry that make these devices more efficient, durable and user-friendly.
- Growing demand for eco-friendly and energy-efficient office shredders across the globe.
- Rising number of small businesses and home offices that are opting for office shredders to securely dispose confidential documents and data5 Increased government regulations mandating the use of document destruction services, which is driving demand for high quality office shredders
Scope Of The Report
Report Attributes
Report Details
Report Title
Office Shredder Market Research Report
By Type
Strip-cut Shredder, Cross-cut Shredder, Micro-cut Shredder
By Application
Online, Offline
By Companies
Fellowes, ACCO, HSM, Ideal, Meiko Shokai, Kobra Shredder, Intimus, Nakabayashi, Royal Consumer Products, Comet, Comix Shredders, Sunwood Holding Group, Deli, Bonsail
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Office Shredder Market Report Segments:
The global Office Shredder market is segmented on the basis of:
Types
Strip-cut Shredder, Cross-cut Shredder, Micro-cut Shredder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online, Offline
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fellowes
- ACCO
- HSM
- Ideal
- Meiko Shokai
- Kobra Shredder
- Intimus
- Nakabayashi
- Royal Consumer Products
- Comet
- Comix Shredders
- Sunwood Holding Group
- Deli
- Bonsail
Highlights of The Office Shredder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Strip-cut Shredder
- Cross-cut Shredder
- Micro-cut Shredder
- By Application:
- Online
- Offline
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Office Shredder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Office Shredder is a software that helps you to securely delete files and folders from your computer. It can also remove old versions of files so that you can free up disk space.
Some of the major players in the office shredder market are Fellowes, ACCO, HSM, Ideal, Meiko Shokai, Kobra Shredder, Intimus, Nakabayashi, Royal Consumer Products, Comet, Comix Shredders, Sunwood Holding Group, Deli, Bonsail.
The office shredder market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Office Shredder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Office Shredder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Office Shredder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Office Shredder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Office Shredder Market Size & Forecast, 2018-2028
4.5.1 Office Shredder Market Size and Y-o-Y Growth
4.5.2 Office Shredder Market Absolute $ Opportunity
Chapter 5 Global Office Shredder Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Office Shredder Market Size Forecast by Type
5.2.1 Strip-cut Shredder
5.2.2 Cross-cut Shredder
5.2.3 Micro-cut Shredder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Office Shredder Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Office Shredder Market Size Forecast by Applications
6.2.1 Online
6.2.2 Offline
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Office Shredder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Office Shredder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Office Shredder Analysis and Forecast
9.1 Introduction
9.2 North America Office Shredder Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Office Shredder Market Size Forecast by Type
9.6.1 Strip-cut Shredder
9.6.2 Cross-cut Shredder
9.6.3 Micro-cut Shredder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Office Shredder Market Size Forecast by Applications
9.10.1 Online
9.10.2 Offline
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Office Shredder Analysis and Forecast
10.1 Introduction
10.2 Europe Office Shredder Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Office Shredder Market Size Forecast by Type
10.6.1 Strip-cut Shredder
10.6.2 Cross-cut Shredder
10.6.3 Micro-cut Shredder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Office Shredder Market Size Forecast by Applications
10.10.1 Online
10.10.2 Offline
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Office Shredder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Office Shredder Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Office Shredder Market Size Forecast by Type
11.6.1 Strip-cut Shredder
11.6.2 Cross-cut Shredder
11.6.3 Micro-cut Shredder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Office Shredder Market Size Forecast by Applications
11.10.1 Online
11.10.2 Offline
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Office Shredder Analysis and Forecast
12.1 Introduction
12.2 Latin America Office Shredder Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Office Shredder Market Size Forecast by Type
12.6.1 Strip-cut Shredder
12.6.2 Cross-cut Shredder
12.6.3 Micro-cut Shredder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Office Shredder Market Size Forecast by Applications
12.10.1 Online
12.10.2 Offline
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Office Shredder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Office Shredder Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Office Shredder Market Size Forecast by Type
13.6.1 Strip-cut Shredder
13.6.2 Cross-cut Shredder
13.6.3 Micro-cut Shredder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Office Shredder Market Size Forecast by Applications
13.10.1 Online
13.10.2 Offline
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Office Shredder Market: Competitive Dashboard
14.2 Global Office Shredder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fellowes
14.3.2 ACCO
14.3.3 HSM
14.3.4 Ideal
14.3.5 Meiko Shokai
14.3.6 Kobra Shredder
14.3.7 Intimus
14.3.8 Nakabayashi
14.3.9 Royal Consumer Products
14.3.10 Comet
14.3.11 Comix Shredders
14.3.12 Sunwood Holding Group
14.3.13 Deli
14.3.14 Bonsail
