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Metal Recycling Equipment Global Market Report 2024 by The Business Research Company | Hitachi Construction Machinery Co. Ltd., Metso Corporation, Nucor Corporation, CP Manufacturing Inc., JMC Recycling Systems Ltd., Green Machine Sales LLC, Zato srl, Com
Metal Recycling Equipment Market Trends And Strategies 4. Metal Recycling Equipment Market - Macro Economic Scenario
The metal recycling equipment market size is expected to see strong growth in the next few years. It will grow to $9.71 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to adoption of advanced sorting and separation technologies in recycling, integration of artificial intelligence (ai) for efficient metal recovery, expansion of urban mining and e-waste recycling efforts, emphasis on scra*p metal collection and recovery infrastructure, focus on circular economy and closed-loop recycling systems. Major trends in the forecast period include advancements in sensor-based sorting technologies, mobile metal shredders and fragmentizers, non-ferrous metal recovery from electronic waste, hydraulic shears and balers for metal compaction, nnovations in metal melting and refining furnaces.
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Metal Recycling Equipment Market Major Segments
The metal recycling equipment market covered in this report is segmented -
1) By Machine Type: Shredders, Briquetting Machines, Shears, Granulating Machines
2) By Material Type: Metal, Ferrous, Non-Ferrous, Alloys And Composites
3) By Application: Automotive, Building And Construction, Ship Building, Equipment Manufacturing, Packaging, Consumer Appliances
Key Driver - Government Regulations Amplify Global Growth Of Metal Recycling Equipment Market
Increasing government regulations on waste management and recycling across the globe are driving the growth of the metal recycling equipment market. Metals such as aluminium and copper can be recycled to save a lot of energy and natural resources. It also helps to reduce greenhouse gases such as carbon dioxide, carbon monoxide, and nitrous oxide. Environmental protection agencies (EPA) are working with environmental officials and governments around the world on waste management and recycling. For example, in 2021, the government of India announced a Metal Recycling Authority to promote organised recycling of key non-ferrous metals such as aluminum, copper, zinc., and lead. The authority will oversee the formulation of quality standards, certification, and process standards for recycling. Thus, increasing government regulations on waste management and recycling are contributing to the growth of the market.
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Prominent Trend - Innovative Research And Development Initiatives Uplift The Metal Recycling Equipment Market
Continuous research and development is a key trend gaining popularity in the metal recycling equipment market. For instance, in 2021, Japan-based manufacturer of cement products, copper and aluminum products, Mitsubishi Materials Corporation, has begun joint research with metal recycling company, Emulsion Flow Technologies Ltd. (EFT), on metal recycling technology utilising the emulsion-flow technique, which is an updated solvent extraction method. Emulsion-flow is a solvent extraction method that allows for high-efficiency metal extraction and a significant reduction in environmental impact. The technology offers ease of size reduction of equipment and automation of control, has low running costs, and high oil/water separation ability, offering reduced environmental impact.
Metal Recycling Equipment Market Players
Major companies operating in the metal recycling equipment market include 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, ArcelorMittal S.A., American Baler Company, Marathon Equipment, General Kinematics India Pvt Ltd., Danieli Centro Recycling S.r.l., Steinert GmbH, Eriez Manufacturing Co., BHS-Sonthofen GmbH, Wendt Corporation, MTB Recycling, Eldan Recycling A/S, Andritz AG, Bano Recycling srl, Coparm Srl, Forrec Srl, Guidetti Recycling Systems, Hammel Recyclingtechnik GmbH, Komptech GmbH, Lindner-Recyclingtech GmbH, Redwave a division of BT-Wolfgang Binder GmbH, SGM Magnetics Corporation, Stokkermill S.r.l., TITECH GmbH, Vecoplan AG, ZB Group
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the metal recycling equipment market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the metal recycling equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Metal Recycling Equipment Market Report Structure
3. Metal Recycling Equipment Market Trends And Strategies
4. Metal Recycling Equipment Market - Macro Economic Scenario
5. Metal Recycling Equipment Market Size And Growth
…..
27. Metal Recycling Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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