In 2022, the global metal recycling equipment market is expected to be worth US$ 6.9 billion. Metal recycling equipment sales are expected to exceed US$ 11.5 billion by the end of 2032, up from US$ 6.5 billion in 2021. Metal recycling equipment demand is expected to rise at a CAGR of around 6% to 7% during the forecast period 2022-2032, driven by growing concerns about metal waste management and the use of recycled products.
Metal recycling equipment is gaining significant attention, owing to the rising problems associated with the disposal of metal waste that is being generated across the globe. Metal is the most important element used in the manufacturing of a variety of products, including automotive components & parts, mechanical equipment, electronic appliances, construction material, furniture, and beverage containers, among others.
Metals that are mostly used can be further classified into ferrous (iron & steel) and non-ferrous (copper, aluminum, brass, and tin). The process involved for the recycling of metal waste includes collection & sorting, processing, grinding, melting, and purification. The recycling of metal from metal scrapes eliminates the consumption of other chemicals and additives that are used during the extraction from ores.
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Therefore, the recycling of existing metals is advantageous for catering to the growing demand for metal products across the globe. Additionally, increasing government regulations on waste management and recycling for the efficient utilization of natural resources are anticipated to drive the demand for metal recycling equipment during the forecast period
Global Metal Recycling Equipment Market: Dynamics
Increasing initiatives by the governments of various regions for the efficient utilization of existing natural resources, coupled with growing focus of waste management activities, are projected to set the healthy demand for metal recycling equipment during the forecast period.
Moreover, the growing demand for metal products across the globe, along with the low cost of recycled metal products is also expected to fuel the demand for metal recycling equipment in the global market. Furthermore, the ban of waste import from the U.S. by China is also expected to create lucrative growth opportunities for the South East Asia and U.S. markets during the forecast period.
Additionally, rapid industrialization, coupled with growing urbanization and rising disposable income in developing economies such as China, India, and some ASEAN countries is also promoting waste recycling activities. This is further expected to create significant demand for metal recycling equipment in the future.
Global Metal Recycling Equipment Market: Regional Outlook
The global market for metal recycling equipment is primarily dominated by the Asia Pacific region. The market in Asia Pacific has significant growth potential, owing to the growing awareness, along with the growing need for metal products in the region. Moreover, the shift of waste recycling from China to South East Asia is also expected to create healthy demand for metal recycling equipment in the region.
The market in this region is also anticipated to grow at a prominent CAGR during the forecast period. Moreover, the markets in North America and Europe are anticipated to register moderate growth, owing to them being developed markets, throughout the forecast period.
The ban on waste imports by China is expected to create healthy growth opportunities in the North American market during the forecast period. Furthermore, the markets of Latin America and the Middle East & Africa are also projected to grow at a decent pace, owing to increasing investments in these regions.
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Metal Recycling Equipment: Market Participants
In the global market for metal recycling equipment market, manufacturers are highly engaged in capturing the markets of emerging economies in order to enhance their market share and boost their revenue generation capabilities. Some of the players engaged in the manufacturing and selling of metal recycling equipment across the globe are:
- Hitachi Construction Machinery Co., Ltd.
- Metso Corporation
- Nucor Corporation
- CP Manufacturing Inc.
- JMC Recycling Systems Ltd
- Green Machine Sales LLC
- Zato srl
- Commercial Metals Company
- Aurubis AG
- SMIS Metal Management Limited
- European Metal Recycling Limited
The research report presents a comprehensive assessment of the metal recycling equipment market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to metal recycling equipment market segments such as geography, metal type, machine type, and end use.
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Key Segments Profiled in the Metal Recycling Equipment Market Survey
By Metal Type:
- Metal
- Ferrous
- Non-Ferrous
- Alloys & Composites
By Machine Type:
- Shredders
- Briquetting Machines
- Shears
- Granulating Machines
- Baler Presses
- Agglomerator
- Extruders
- Others
By End Use:
- Automotive
- Building & Construction
- Ship Building
- Equipment Manufacturing
- Packaging
- Consumer Appliances
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected metal recycling equipment market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for metal recycling equipment market players to sustain and enhance their market footprint
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