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Evolving Market Trends In The Metal Recycling Equipment Industry: Innovative Research And Development Initiatives Uplift The Metal Recycling Equipment Market
Metal Recycling Equipment
What Is the Expected Metal Recycling Equipment Market Size During the Forecast Period?
The market size of metal recycling equipment has seen significant enlargement in the past few years. It is predicted to expand from $7.21 billion in 2024 up to $7.76 billion in 2025, flaunting a compound annual growth rate (CAGR) of 7.6%. Factors contributing to the growth during the historic phase include the escalating global requirement for recycled metals, heightened environmental worries, the implementation of sustainability measures, increasing expense of raw metal production, the necessity for conservation of resources and energy-saving practices, as well as expansion of industrial manufacturing and construction operations.
In the coming years, the metal recycling equipment market is anticipated to witness robust growth. Its size is projected to expand to $10.42 billion by 2029, with a compound annual growth rate (CAGR) of 7.7%. This growth in the forecast period is likely to be driven by the adoption of sophisticated sorting and separation technologies in the recycling field, the incorporation of artificial intelligence for improved metal recovery, the growth of urban mining and e-waste recycling initiatives, and a focus on metal collection and recovery infrastructure. Further, the emphasis on a circular economy and closed-loop recycling systems are significant factors. There are distinct trends expected in the forecast period, including advancements in sensor-based sorting technologies, the prevalence of mobile metal shredders and fragmentizers, recovery of non-ferrous metal from electronic waste, and the utilization of hydraulic shears and balers for metal compaction. Additionally, innovations in metal melting and refining furnaces offer vast potential.
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What Are the High-Growth Segments in the Metal Recycling Equipment Market?
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
Subsegments:
1) By Shredders: Industrial Shredders, Mobile Shredders, Heavy-Duty Shredders
2) By Briquetting Machines: Hydraulic Briquetting Machines, Mechanical Briquetting Machines, Screw Press Briquetting Machines
3) By Shears: Hydraulic Shears, Electric Shears, Portable Shears
4) By Granulating Machines: Granulators For Ferrous Metals, Granulators For Non-Ferrous Metals, Fine Granulating Machines
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What Key Drivers Are Expected to Influence Future Metal Recycling Equipment Market Growth?
The escalating governmental regulations worldwide related to waste handling and recycling are fuelling the expansion of the metal recycling equipment sector. Metals like aluminium and copper, when recycled, can significantly conserve energy and natural resources. Additionally, it aids in diminishing greenhouse gases such as carbon dioxide, carbon monoxide, and nitrous oxide. Global environmental authorities and local environment officials, including Environmental protection agencies (EPA), are collaborating on waste administration and recycling. For instance, as per the United Nations Environment Programme's report published in February 2024, a Kenya-based prominent global environmental authority predicts that municipal solid waste production will escalate from 2.1 billion tonnes in 2023 to 3.8 billion tonnes by 2050. By applying waste prevention and management strategies, the net annual costs by 2050 could be contained at USD 270.2 billion. Therefore, the surge in government norms regarding waste handling and recycling is aiding the market's growth.
Which Companies Hold the Largest Share Across Different Metal Recycling Equipment Market Segments?
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
What Trends Are Driving Growth in The Metal Recycling Equipment Market?
The metal recycling equipment market is seeing a growing trend in continuous research and development. For example, Recycling Systems, a US manufacturer with a focus on lifting and material handling equipment, including recycling machinery, introduced the TDS-V20SE Static Electric Shredder in July 2024. This multifunctional shredder is designed to handle a variety of materials including construction and demolition waste, wood, and green waste. Its exceptional proficiency in creating high-quality Refuse-Derived Fuel (RDF), Solid Recovered Fuel (SRF), and biomass products sets it apart. The shredder also comes equipped with pre-installed programs, making the setup process much simpler by allowing users to effortlessly choose the appropriate settings depending on different shredding applications.
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What Are the Emerging Geographies for The Metal Recycling Equipment Market Growth?
Asia-Pacific was the largest region in the metal recycling equipment market in 2024 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Metal Recycling Equipment Market?
2. What is the CAGR expected in the Metal Recycling Equipment Market?
3. What Are the Key Innovations Transforming the Metal Recycling Equipment Industry?
4. Which Region Is Leading the Metal Recycling Equipment Market?
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