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Metal Shredder Machine Market Size, Share, Growth, Overview, Analysis, Forecast To 2033
Metal Shredder Machine Market Size
As per the report, the metal shredder machine market size has grown strongly in recent years. It will grow from $10.1 billion in 2023 to $10.67 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The metal shredder machine market size is expected to see steady growth in the next few years. It will grow to $12.56 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%.
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Metal Shredder Machine Market To Surge As Global Demand For Metal Recycling Rises
Rising demand for metal recycling is expected to propel the growth of the metal shredder machine market going forward. Metal recycling refers to the procedure of using waste metal, processing it, and producing new metal. Metal shredder machines are used in the metal recycling industry for reducing the size and volume of various metal materials. For instance, according to GLE Scrape Metal, a US-based company with environmentally friendly processing and recycling of ferrous & non-ferrous metals stated that 40% of worldwide steel production is made using recycled steel, while about 42% of crude steel in the U.S. is made of recycled materials. Therefore, the rising demand for metal recycling is driving the growth of the metal shredder machine market going forward.
Aishred Unveils Next-Gen Gse 3 Single Shaft Shredder For Enhanced Capacity And Superior Material Processing
Product innovations are a key trend gaining popularity in the metal shredder machine market. Major companies operating in the metal shredder machine market are adopting new innovative products to sustain their position in the market. For instance, in October 2022, AIShred, a China-based company engaged in manufacturing and selling shredders, sorting equipment, crushers, and screening equipment for recycling and processing, launched a new generation of GSE 3 Single Shaft Shredder. It is uniquely designed with stronger shredding capacity and better processing effect in the processing of greater capacity and complex materials in large production lines. In addition to being dependable, the shredder offers improved durability and discharge materials of higher quality.
The metal shredder machine market covered in this report is segmented -
1) By Machine Type: Mechanical Shedder Machine, Shock Wave Shredder Machine
2) By Application: Iron And Steel, Aluminum And Copper, Non-Ferrous Metals
3) By End-Use: Automotive Industry, Construction Industry, Manufacturing Industry, Electronic Industry, Recycling Industry
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Major companies operating in the metal shredder machine market report are Metso Corporation, SSI Shredding Systems Inc., UNTHA Shredding Technology GmbH, WEIMA Maschinenbau GmbH, BCA Industries Inc., Hammermills International LLC, MOCO Maschinen- und Apparatebau GmbH & Co KG, Ecostan India Private Limited, Rapid Granulator AB, ANDRITZ Group, ECO Green Equipment LLC, Granutech-Saturn Systems, Brentwood RM Pty Ltd, Vecoplan LLC, Advance Hydrau-Tech Pvt Ltd., Shred-Tech, Zato North America Corp., ARJES - Recycling Innovation, Mackma srl, Harden Machinery Ltd., Zibo United Tech Machinery Co. Ltd., Franklin Miller Inc., West Seneca Welding, Maren Engineering Corporation, Bondtech Corp., ACS Group, Allegheny Shredders, Ameri-Shred Corp., Bano Recycling srl, CM Shredders
Contents of the report:
1. Executive Summary
2. Metal Shredder Machine Market Report Structure
3. Metal Shredder Machine Market Trends And Strategies
4. Metal Shredder Machine Market - Macro Economic Scenario
5. Metal Shredder Machine Market Size And Growth
…..
27. Metal Shredder Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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