The global Metal Recycling Equipment market size is expected to be worth around US$ 12.93 billion by 2030, according to a new report by Vision Research Reports.
The global Metal Recycling Equipment market size was valued at US$ 7.28 billion in 2020 and is anticipated to grow at a CAGR of 7.1% during forecast period 2021 to 2030.
|Market Size||US$ 12.93 billion by 2030|
|Growth Rate||CAGR of 7.1% From 2021 to 2030|
|Largest Market||Asia Pacific|
|Forecast Period||2021 to 2030|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Kiverco; General Kinematics Corporation; Marathon Equipment; American Baler Company; Danieli Centro Recycling; Forrec Srl Recycling Systems; BHS Sonthofen; Metso Corporation; JMC Recycling Ltd.; LEFORT; CP Manufacturing, Inc.; Recycling Equipment Manufacturing; Eldan Recycling A/S; MHM Recycling Equipment; Ceco Equipment Ltd.|
Rising demand for recycled metals from various end-use industries, coupled with the increasing generation of metallic waste globally, is expected to drive the demand for metal recycling equipment.
The demand for recycled metals is increasing rapidly from the construction, automotive, electronics, and food and beverage industries owing to the product’s environmental friendliness and the ability to help reduce emissions, energy consumption, and the cost of the production, thereby augmenting the demand for metal recycling equipment in the coming years.
Growing concerns related to the depletion of non-renewable resources, coupled with the high manufacturing cost of primary metals, have augmented the demand for metal recycling in various end-use industries. Furthermore, in various developing countries, the government is focusing on improving recycling infrastructure, thereby augmenting the equipment demand.
By Equipment Analysis
The baler press segment led the market and accounted for over 20.0% share of the global revenue in 2020. Due to more environmental benefits, the demand for recycling metals is rapidly increasing from multiple end-use industries as recyclable metals are used as primary raw materials in various industries such as construction, automotive, aerospace, and electronics, which is likely to be beneficial for the market.
A baler is a recycling machine used for compressing recyclable materials, such as cardboard, paper, plastic, aluminum, and non-ferrous metals, into dense bundles known as bales. The baler, also known as the baling machine, is a large steel chamber comprising a pressing plate that is used for compressing the material inside the chamber until the desired bale size is achieved.
The shredders segment is likely to expand at the fastest CAGR of 6.8% over the forecast period. The emergence of modern technologies has proved to be effective in terms of identifying different kinds of metals, especially ferrous.
Industrial shredders used for recycling applications are high volume and heavy-duty systems. These shredders are equipped with various kinds of cutting systems such as horizontal shaft design, vertical shaft design, single shaft, 2-shaft, 3-shaft, and 4-shaft cutting systems.
By Regional Analysis
Asia Pacific led the market and accounted for over 40.0% share of the global revenue in 2020. Asia Pacific is the world's most resource-intensive region, both in terms of domestic metal use and metal footprint.
The Middle East and Africa market is likely to expand at a CAGR of 6.5% over the forecast period. Increasing construction activities in the Middle East, coupled with new oil and gas projects, are anticipated to boost the growth of the construction sector.
Saudi Arabia’s construction and infrastructure industries are driven by dynamic approaches to the construction industry, technology adoption, and the implementation of new operating standards.
General Kinematics Corporation
American Baler Company
Danieli Centro Recycling
Forrec Srl Recycling Systems
JMC Recycling Ltd.
CP Manufacturing, Inc.
Recycling Equipment Manufacturing
Eldan Recycling A/S
MHM Recycling Equipment
Ceco Equipment Ltd.
Central & South America
Middle East & Africa
The Metal Recycling Equipment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Metal Recycling Equipment market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Metal Recycling Equipment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Metal Recycling Equipment market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Metal Recycling Equipment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Metal Recycling Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Metal Recycling Equipment by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Metal Recycling Equipment market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Metal Recycling Equipment market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Metal Recycling Equipment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Metal Recycling Equipment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Metal Recycling Equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Metal Recycling Equipment market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Metal Recycling Equipment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Metal Recycling Equipment market. These factors have benefited the growth of the global market for Metal Recycling Equipment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Metal Recycling Equipment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Metal Recycling Equipment are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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