Market Snapshot:
Metal recycling machinery is used to recycle the metal scraps and usually includes the process of that collection & sorting, processing, grinding, melting, and purification, to eliminate the consumption of other chemicals and additives that are used during the extraction from ores. Therefore, the recycling of existing metals is advantageous for catering to the growing demand for metal products across the globe.
Highlights from Metal Recycling Machinery Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.7% |
The key Manufacturers profiled in the report are Hitachi Construction Machinery Co., Ltd. (Japan), Metso Corporation (Finland), Nucor Corporation (United States), CP Manufacturing Inc. (United States), JMC Recycling Systems Ltd. (United Kingdom), Green Machine Sales LLC (United States), Zato srl (Italy), Commercial Metals Company (United States) and Aurubis AG (Germany). Additionally, other players that are part of this comprehensive study are SMIS Metal Management Limited (United States) and European Metal Recycling Limited (United Kingdom).
Geographic Breakdown and Segment Analysis
The Global Metal Recycling Machinery market presents a comprehensive analysis of the Metal Recycling Machinery market by product type (Shredders, Briquetting Machines, Shears, Granulating Machines and Others), by end-user/application (Automotive, Building & Construction, Ship Building, Equipment Manufacturing and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Metal Recycling Machinery industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Metal Recycling Machinery market
Analyst at AMA have segmented the market study of Global Metal Recycling Machinery market by Type, Application and Region.
Influencing Trend:
Increasing Research and Development in the Metal Recycling Technology
Market Growth Drivers:
Rising Problems across the Globe Associated With the Disposal of Metal Waste and Increasing Initiatives by the Governments of Various Regions for the Efficient Utilization of Existing Natural Resources
Challenges:
Lack of Expertise and Machine Breakdown Issue
Restraints:
High Initial Set-up and Installation Cost
Opportunities:
Rapid Industrialization, Coupled With Growing Urbanization and Rising Disposable Income in Developing Economies
Market Developments Activities:
In July 2023, Hydro acquired the Polish aluminium recycling company, Alumetal S.A on June 30, completing the tender offer for more than 97 percent of the shares. The acquisition of the Polish aluminium recycling company strengthens Hydro’s recycling position in Europe and widens its product offering in the low-carbon and scrap based foundry alloy market.
In August 2023, Germany-based Lindemann Metal Recycling Solutions has announced the release of its NxtCut next generation hydraulic scrap shear, which the company says is specifically designed for processing moderate volumes of assorted light to medium-heavy scrap metal.
Regulatory Insights:
Most of the major steel-producing countries like Japan, the USA, and China are continuously increasing scrap-based steel production with a proportionate reduction from the primary route. Ministry of Indian Government has issued the scrapping policy for steel scrap. and Similarly, EPA measures the generation, recycling, composting, combustion with energy recovery, and landfilling of ferrous metals in municipal solid waste (MSW).
The global metal recycling machinery market is consolidated in nature due to the presence of fewer players in the global market. These manufacturers are highly engaged in capturing the markets of emerging economies in order to enhance their market share and boost their revenue generation capabilities. Moreover, some of the metal recycling service providers are also in the market, which is introducing their own proprietary technology to recycle scrap metals.
Key Target Audience
Metal Recycling Machinery Manufacturers, Parts and Accessories Suppliers, Distributors/Exporters/Importers, Potential Investors, End-Use Industry and Others