Global Home and Office Paper Shredders Market 2017-2021
About Home and Office Paper Shredder
Paper shredders are electronic equipment, which are used to destroy confidential documents by cutting them into minute strips or pieces such that it becomes unreadable. This ensures the protection of confidential and sensitive information. They are also used to eliminate waste around the office or home.
Technavio’s analysts forecast the global home and office paper shredder market to grow at a CAGR of 6.04% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global home and office paper shredder market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Home and Office Paper Shredder Market 2017-2021
Technavio recognizes the following companies as the key players in the global home and office paper shredder market: Acco brands, Amazon basics, HSM, Fellowes brands, and Intimus.
Other Prominent Vendors in the market are: Aurora Corp. of America, Bonsaii, Royal Consumer Information Products, Meiko Shokai, EBA, Staples, Shred-it, and Dahle.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing popularity of low-cost portable shredders. Along with the growing need for securing confidential information, the need for paper shredders is also increasing. The availability of paper shredders in as less as $50 is a great advantage for small offices and homes. The demand for these low-cost shredders is increasing as they provide hassle-free and secure shredding service. Most low-cost shredders come with a waste bin that can hold up to over 100 A4 pages of shredded trash. The paper shredded may not be of the finest quality when compared against the expensive shredders, but it performs a decent job for the price paid.”
According to the report, one of the major drivers for this market is Increased need for security to ensure data protection. Growing competition among companies has created the need for them to protect confidential data of their businesses by following safe documentation procedures. Similarly, increased instances of identity theft of employees, customers, and clients by accessing personal information of individuals have raised questions about the data security.
Further, the report states that one of the major factors hindering the growth of this market is Increasing concern about safety measures. Paper shredders are a compilation of sharp blades and teeth which spin at a rapid speed in thousands of revolutions per minute (RPM). These machines are mostly placed in a corner where everyone will have the accessibility to use it. However, these electronic machines are not programmed to distinguish between a paper and items such as clothing, jewelry, paper clips, or even human fingers.
Acco brands, Amazon basics, HSM, Fellowes brands, and Intimus, Aurora Corp. of America, Bonsaii, Royal Consumer Information Products, Meiko Shokai, EBA, Staples, Shred-it, and Dahle.
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