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Global Metal Recycling Equipment Market: Rapid Expansion, Eco-conscious Drivers and Key Trends (2024-2029)
Metal Recycling Equipment Market Size
The metal recycling equipment market has experienced significant growth, with proliferation driven by global demand for recycled metals and sustainability initiatives.
• The market was valued at $7.21 billion in 2024 and is projected to reach $7.76 billion in 2025, recording a CAGR of 7.6%.
• Predicted growth for the coming years also looks promising, with an anticipated market size of $10.42 billion in 2029 at a CAGR of 7.7%.
What Is Driving The Growth In The Metal Recycling Equipment Market?
Government regulations on waste management and recycling across the globe are instrumental in propelling the growth of the metal recycling equipment market. The recycling of metals like aluminium and copper helps conserve energy and natural resources, reducing greenhouse gas emissions in the process. Agencies worldwide are focusing on waste management and recycling, resulting in market expansion. For instance, a UN report predicts municipal solid waste could grow from 2.1 billion tonnes in 2023 to 3.8 billion tonnes by 2050, giving a monumental boost to the recycling industry and thereby benefiting the market.
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Who Are the Key Players Driving Metal Recycling Equipment Growth?
Noteworthy 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., and others.
What Are The Key Trends In The Metal Recycling Equipment Market?
Predominant trends in the market include:
• Advancements in sensor-based sorting technologies.
• Integration of AI for efficient metal recovery.
• Expansion of urban mining and e-waste recycling efforts.
• Innovations in metal melting and refining furnaces.
What Are The Segments Of The Global Metal Recycling Equipment Market?
The market can be segmented into:
• Machine Type: Shredders, Briquetting Machines, Shears, Granulating Machines
• Material Type: Metal, Ferrous, Non-Ferrous, Alloys And Composites
• Application: Automotive, Building And Construction, Ship Building, Equipment Manufacturing, Packaging, Consumer Appliances
Which Region Leads The Metal Recycling Equipment Market?
Asia-Pacific was the largest and fastest-growing region in the metal recycling equipment market in 2024. Other regions detailed in this report include Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Metal Recycling Equipment Global Market Report?
- Market Size Analysis: Analyze the Metal Recycling Equipment size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Metal Recycling Equipment for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Metal Recycling Equipment growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Metal Recycling Equipment.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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